0.02%
83.47%
70.89%
92.80%
61.73%
110.62%
222.98%
AI Spotlight on HEES
Company Description
H&E Equipment Services, Inc.operates as an integrated equipment services company.The company operates in five segments: Equipment Rentals, Used Equipment Sales, New Equipment Sales, Parts Sales, and Repair and Maintenance Services.
The Equipment Rentals segment provides construction and industrial equipment for rent on a daily, weekly, and monthly basis through a fleet of approximately 42,725 pieces of equipment.The Used Equipment Sales segment sells used equipment through retail sales force primarily from its rental fleet, as well as inventoried equipment that are acquired through trade-ins from equipment customers.The New Equipment Sales segment sells new construction equipment through a professional in-house retail sales force.
The Parts Sales segment sells parts for the equipment customers, as well as offers for its rental fleet.The Repair and Maintenance Services segment serves its rental fleet and equipment owned customers, as well as offers ongoing preventative maintenance services to industrial customers.It also provides ancillary equipment support activities, including transportation, hauling, parts shipping, and loss damage waivers.
The company's rental fleet consists of hi-lift or aerial work platforms, cranes, earthmoving and material handling equipment, and others.It serves industrial and commercial companies, construction contractors, manufacturers, public utilities, municipalities, maintenance contractors, and various other industrial account customers.As of December 31, 2021, the company had a network of 102 service facilities in the Pacific Northwest, West Coast, Intermountain, Southwest, Gulf Coast, Southeast, and Mid-Atlantic regions of the United States.
H&E Equipment Services, Inc.was founded in 1961 and is headquartered in Baton Rouge, Louisiana.
Market Data
| Last Price | 88.69 |
| Change Percentage | 0.02% |
| Open | 88.5 |
| Previous Close | 88.67 |
| Market Cap ( Millions) | 3246 |
| Volume | 976553 |
| Year High | 90.66 |
| Year Low | 40.92 |
| M A 50 | 62.78 |
| M A 200 | 52.53 |
Financial Ratios
| FCF Yield | -1.69% |
| Dividend Yield | 1.24% |
| ROE | 25.46% |
| Debt / Equity | 294.70% |
| Net Debt / EBIDTA | 257.31% |
| Price To Book | 5.39 |
| Price Earnings Ratio | 22.4 |
| Price To FCF | -59.11 |
| Price To sales | 2.14 |
| EV / EBITDA | 7.35 |
News
- Jan -28 - United Rentals Tender Offer for H&E Equipment Services, Inc. Commences
- Jan -22 - SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HEES and TURN on Behalf of Shareholders
- Jan -16 - H&E EQUIPMENT INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of H&E Equipment Services, Inc. - HEES
- Jan -14 - H&E Equipment Stock Doubles on Acquisition by United Rentals for $4.8B
- Jan -14 - $HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of H&E Equipment Services, Inc. – HEES
- Jan -14 - HEES Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of H&E Equipment Services, Inc. Is Fair to Shareholders
- Jan -14 - Shareholder Alert: Ademi LLP Investigates Whether H&E Equipment Services, Inc. Is Obtaining a Fair Price for Its Public Shareholders
- Jan -14 - United Rentals to acquire H&E Equipment Services in deal valued at $4.8 billion
- Jan -14 - United Rentals to Acquire H&E Equipment Services, Inc.
- Jan -14 - United Rentals to Acquire H&E Equipment Services, Inc.
- Dec -20 - H&E Equipment Services: Earnings Understate Cash Production
- Dec -19 - 3 Best Industrials Sector Picks for Long-Term Investors in 2025
- Nov -15 - H&E Rentals Reports Quarterly Cash Dividend
- Oct -30 - H&E Equipment Services, Inc. (HEES) Q3 2024 Earnings Call Transcript
- Oct -29 - H&E Equipment (HEES) Q3 Earnings and Revenues Lag Estimates
- Oct -29 - H&E Rentals Reports Third Quarter 2024 Results
- Oct -22 - CORRECTION: H&E Rentals Announces 2024 Third Quarter Earnings and Conference Call Date
- Oct -22 - H&E Rentals Announces 2024 Third Quarter Earnings and Conference Call Date
- Aug -13 - H&E Equipment Services Reports Quarterly Cash Dividend
- Jul -30 - H&E Equipment (HEES) Q2 Earnings and Revenues Miss Estimates
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Equipment Rentals
Expected Growth : 1.8 %
What the company do ?
H&E Equipment Services, Inc. offers equipment rentals for construction, industrial, and commercial projects, providing a wide range of equipment and tools for rent.
Why we expect these perspectives ?
The 1.8% growth in equipment rentals from H&E Equipment Services, Inc. is driven by increasing construction activities, rising demand for infrastructure development, and a growing need for cost-effective equipment solutions. Additionally, the company's strategic expansion into new markets and investments in digital platforms have contributed to the growth.
Segment n°2 -> Used Equipment
Expected Growth : 1.5 %
What the company do ?
Used Equipment from H&E Equipment Services, Inc. offers a wide range of pre-owned heavy equipment and machinery for sale or rent.
Why we expect these perspectives ?
The 1.5% growth in Used Equipment from H&E Equipment Services, Inc. is driven by increasing demand from construction and industrial companies seeking cost-effective solutions, expansion into new markets, and strategic acquisitions. Additionally, the company's strong online presence, efficient logistics, and competitive pricing strategy contribute to its growth.
Segment n°3 -> Parts
Expected Growth : 1.2 %
What the company do ?
H&E Equipment Services, Inc. offers a wide range of parts for construction, industrial, and aerial equipment, including replacement parts, accessories, and attachments.
Why we expect these perspectives ?
H&E Equipment Services, Inc.'s 1.2% growth is driven by increasing demand for construction and industrial equipment rentals, strategic acquisitions, and expansion into new markets. Additionally, the company's focus on fleet management and maintenance services, as well as its diversified customer base, contribute to its steady growth.
Segment n°4 -> New Equipment
Expected Growth : 2.2 %
What the company do ?
H&E Equipment Services, Inc. introduces new equipment for rent and sale, offering advanced technology and innovative solutions for construction, industrial, and oil and gas industries.
Why we expect these perspectives ?
The 2.2% growth in New Equipment from H&E Equipment Services, Inc. is driven by increasing demand from construction and industrial sectors, fueled by government infrastructure investments and rising commodity prices. Additionally, the company's strategic expansion into new markets and product offerings, such as aerial lifts and cranes, contributes to the growth.
Segment n°5 -> Services
Expected Growth : 2.5 %
What the company do ?
H&E Equipment Services, Inc. offers a range of services including equipment rentals, sales, and service, as well as training and safety programs for the construction and industrial industries.
Why we expect these perspectives ?
H&E Equipment Services' 2.5% growth is driven by increasing demand for equipment rentals, particularly in the construction and industrial sectors. Additionally, the company's strategic expansion into new markets, investments in digital platforms, and focus on operational efficiency are contributing to its growth momentum.
Segment n°6 -> Non-Segmented
Expected Growth : 1.8 %
What the company do ?
Non-Segmented from H&E Equipment Services, Inc. refers to a type of equipment rental service where customers can rent equipment without being segmented into specific categories or tiers.
Why we expect these perspectives ?
H&E Equipment Services, Inc.'s non-segmented 1.8% growth is driven by increasing demand for equipment rentals, strategic acquisitions, and expansion into new markets. Additionally, the company's focus on operational efficiency, cost savings, and investments in technology have contributed to its growth.
H&E Equipment Services, Inc. Products
| Product Range | What is it ? |
|---|---|
| Heavy Equipment Rentals | H&E Equipment Services offers a wide range of heavy equipment rentals for construction, industrial, and commercial applications. |
| New Equipment Sales | H&E Equipment Services sells new heavy equipment from top manufacturers, including aerial lifts, cranes, and material handling equipment. |
| Used Equipment Sales | H&E Equipment Services offers a selection of used heavy equipment from various manufacturers, including aerial lifts, cranes, and material handling equipment. |
| Equipment Repair and Maintenance | H&E Equipment Services provides repair and maintenance services for heavy equipment, including routine maintenance, repairs, and refurbishments. |
| Parts and Attachments | H&E Equipment Services offers a wide range of parts and attachments for heavy equipment, including OEM and aftermarket options. |
| Training and Support | H&E Equipment Services provides operator training, technical support, and maintenance training for heavy equipment operators and maintenance personnel. |
H&E Equipment Services, Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes is low for H&E Equipment Services, Inc. because the company provides specialized equipment rental services, making it difficult for customers to find substitutes.
Bargaining Power Of Customers
The bargaining power of customers is medium for H&E Equipment Services, Inc. because while customers have some bargaining power due to the availability of alternative equipment rental services, the company's strong brand reputation and wide range of equipment offerings mitigate this power.
Bargaining Power Of Suppliers
The bargaining power of suppliers is low for H&E Equipment Services, Inc. because the company has a diverse supplier base and is not heavily dependent on any single supplier.
Threat Of New Entrants
The threat of new entrants is medium for H&E Equipment Services, Inc. because while there are barriers to entry in the equipment rental industry, new entrants can still enter the market with significant investment and planning.
Intensity Of Rivalry
The intensity of rivalry is high for H&E Equipment Services, Inc. because the equipment rental industry is highly competitive, with many established players competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 77.07% |
| Debt Cost | 4.98% |
| Equity Weight | 22.93% |
| Equity Cost | 13.85% |
| WACC | 7.02% |
| Leverage | 336.08% |
H&E Equipment Services, Inc. : Quality Control
H&E Equipment Services, Inc. passed 6 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| EBF | Ennis, Inc. designs, manufactures, and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated … |
| WLFC | Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts … |
| PRG | PROG Holdings, Inc. operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. It operates in two segments, Progressive Leasing and Vive. The Progressive Leasing segment offers … |
| HTZ | Hertz Global Holdings, Inc. operates as a vehicle rental company. It operates through two segments, Americas Rental Car and International Rental Car. The company provides vehicle rental services under the … |
| FPAY | FlexShopper, Inc., a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. It offers durable products, including consumer … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Ennis
A-Score
1-Year Total Return ->
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Willis Lease Finance
A-Score
1-Year Total Return ->
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PROG Holdings
A-Score
1-Year Total Return ->
4
H&E Equipment Services
A-Score
1-Year Total Return ->
5
FlexShopper
A-Score
1-Year Total Return ->
6
