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Mobile Mini

Nasdaq:MINI
Snowflake Description

Very undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MINI
Nasdaq
$949M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Mobile Mini, Inc., together with its subsidiaries, provides portable storage and specialty containment solutions in the United States, the United Kingdom, and Canada. The last earnings update was 61 days ago. More info.


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  • Mobile Mini has significant price volatility in the past 3 months.
MINI Share Price and Events
7 Day Returns
-18.3%
NasdaqGS:MINI
-6.8%
US Commercial Services
-4.1%
US Market
1 Year Returns
-38.3%
NasdaqGS:MINI
-20.5%
US Commercial Services
-14.9%
US Market
MINI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mobile Mini (MINI) -18.3% -42.9% -44.1% -38.3% -26.5% -51.3%
US Commercial Services -6.8% -26.3% -28.5% -20.5% 4% 18.8%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • MINI underperformed the Commercial Services industry which returned -20.5% over the past year.
  • MINI underperformed the Market in United States of America which returned -14.9% over the past year.
Price Volatility
MINI
Industry
5yr Volatility vs Market

MINI Value

 Is Mobile Mini undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mobile Mini to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mobile Mini.

NasdaqGS:MINI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:MINI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.594 (1 + (1- 21%) (102.46%))
1.05
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.05 * 5.44%)
7.45%

Discounted Cash Flow Calculation for NasdaqGS:MINI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mobile Mini is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:MINI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.45%)
2020 153.72 Analyst x4 143.05
2021 149.29 Analyst x3 129.30
2022 155.00 Analyst x1 124.93
2023 159.56 Est @ 2.94% 119.68
2024 163.67 Est @ 2.58% 114.25
2025 167.48 Est @ 2.33% 108.80
2026 171.09 Est @ 2.15% 103.43
2027 174.56 Est @ 2.03% 98.21
2028 177.95 Est @ 1.94% 93.17
2029 181.29 Est @ 1.88% 88.33
Present value of next 10 years cash flows $1,123.00
NasdaqGS:MINI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $181.29 × (1 + 1.74%) ÷ (7.45% – 1.74%)
$3,227.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,227.63 ÷ (1 + 7.45%)10
$1,572.65
NasdaqGS:MINI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,123.00 + $1,572.65
$2,695.65
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,695.65 / 44.37
$60.76
NasdaqGS:MINI Discount to Share Price
Calculation Result
Value per share (USD) From above. $60.76
Current discount Discount to share price of $21.38
= -1 x ($21.38 - $60.76) / $60.76
64.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mobile Mini is available for.
Intrinsic value
>50%
Share price is $21.38 vs Future cash flow value of $60.76
Current Discount Checks
For Mobile Mini to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mobile Mini's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mobile Mini's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mobile Mini's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mobile Mini's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:MINI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.90
NasdaqGS:MINI Share Price ** NasdaqGS (2020-04-03) in USD $21.38
United States of America Commercial Services Industry PE Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 19.23x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mobile Mini.

NasdaqGS:MINI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:MINI Share Price ÷ EPS (both in USD)

= 21.38 ÷ 1.90

11.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mobile Mini is good value based on earnings compared to the US Commercial Services industry average.
  • Mobile Mini is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Mobile Mini's expected growth come at a high price?
Raw Data
NasdaqGS:MINI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
12.6%per year
United States of America Commercial Services Industry PEG Ratio Median Figure of 35 Publicly-Listed Commercial Services Companies 1.21x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

NasdaqGS:MINI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.28x ÷ 12.6%

0.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mobile Mini is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Mobile Mini's assets?
Raw Data
NasdaqGS:MINI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $19.24
NasdaqGS:MINI Share Price * NasdaqGS (2020-04-03) in USD $21.38
United States of America Commercial Services Industry PB Ratio Median Figure of 86 Publicly-Listed Commercial Services Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
NasdaqGS:MINI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:MINI Share Price ÷ Book Value per Share (both in USD)

= 21.38 ÷ 19.24

1.11x

* Primary Listing of Mobile Mini.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mobile Mini is good value based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess Mobile Mini's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Mobile Mini has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MINI Future Performance

 How is Mobile Mini expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mobile Mini expected to grow at an attractive rate?
  • Mobile Mini's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Mobile Mini's earnings growth is expected to exceed the United States of America market average.
  • Mobile Mini's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:MINI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:MINI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 12.6%
NasdaqGS:MINI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.4%
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:MINI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:MINI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 734 1
2022-12-31 641 201 1
2021-12-31 646 205 108 5
2020-12-31 616 196 98 5
2020-04-04
NasdaqGS:MINI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 613 213 84
2019-09-30 614 196 69
2019-06-30 610 191 -6
2019-03-31 602 164 -5
2018-12-31 593 160 -8
2018-09-30 579 156 70
2018-06-30 566 142 133
2018-03-31 551 138 127
2017-12-31 534 136 122
2017-09-30 517 136 50
2017-06-30 509 135 51
2017-03-31 508 134 46

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mobile Mini's earnings are expected to grow by 12.6% yearly, however this is not considered high growth (20% yearly).
  • Mobile Mini's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:MINI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Mobile Mini Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MINI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 2.23 2.23 2.23 1.00
2021-12-31 2.32 2.54 1.79 5.00
2020-12-31 2.04 2.27 1.34 5.00
2020-04-04
NasdaqGS:MINI Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.90
2019-09-30 1.56
2019-06-30 -0.13
2019-03-31 -0.11
2018-12-31 -0.18
2018-09-30 1.58
2018-06-30 3.01
2018-03-31 2.88
2017-12-31 2.77
2017-09-30 1.13
2017-06-30 1.16
2017-03-31 1.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Mobile Mini is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Mobile Mini's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mobile Mini has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MINI Past Performance

  How has Mobile Mini performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mobile Mini's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mobile Mini's year on year earnings growth rate has been positive over the past 5 years.
  • Mobile Mini has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Mobile Mini has become profitable in the last year making it difficult to compare the US Commercial Services industry average.
Earnings and Revenue History
Mobile Mini's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mobile Mini Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:MINI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 612.63 83.73
2019-09-30 614.23 68.97
2019-06-30 610.42 -5.77
2019-03-31 602.24 -4.83
2018-12-31 593.23 -8.06
2018-09-30 579.06 69.76
2018-06-30 565.99 133.15
2018-03-31 550.68 126.93
2017-12-31 533.55 122.23
2017-09-30 517.24 49.63
2017-06-30 509.46 51.11
2017-03-31 507.62 46.40
2016-12-31 508.62 47.25
2016-09-30 512.75 37.28
2016-06-30 517.24 38.55
2016-03-31 522.68 43.90
2015-12-31 530.78 5.57
2015-09-30 519.48 8.93
2015-06-30 499.45 9.77
2015-03-31 475.70 9.62
2014-12-31 445.47 44.39
2014-09-30 429.06 44.62
2014-06-30 420.78 44.13
2014-03-31 411.38 20.55
2013-12-31 406.49 25.22
2013-09-30 398.61 23.64 12.30
2013-06-30 392.57 19.70 12.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mobile Mini has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mobile Mini used its assets more efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • Mobile Mini has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mobile Mini's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mobile Mini has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MINI Health

 How is Mobile Mini's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mobile Mini's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mobile Mini's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Mobile Mini's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mobile Mini's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mobile Mini Company Filings, last reported 3 months ago.

NasdaqGS:MINI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 841.36 802.53 8.05
2019-09-30 806.68 830.97 7.30
2019-06-30 818.65 826.91 4.69
2019-03-31 825.16 840.35 4.30
2018-12-31 810.27 839.98 5.61
2018-09-30 809.69 856.55 4.94
2018-06-30 872.47 863.82 4.03
2018-03-31 877.34 867.85 7.76
2017-12-31 861.69 880.14 13.45
2017-09-30 775.52 886.57 12.61
2017-06-30 762.05 883.18 9.27
2017-03-31 752.08 884.20 7.61
2016-12-31 735.61 886.37 4.14
2016-09-30 740.14 896.70 9.52
2016-06-30 740.50 891.94 5.34
2016-03-31 759.10 870.54 0.63
2015-12-31 765.53 865.26 1.61
2015-09-30 773.39 863.38 15.01
2015-06-30 795.03 830.74 15.79
2015-03-31 794.87 901.38 10.55
2014-12-31 854.53 905.52 12.33
2014-09-30 855.54 507.39 8.72
2014-06-30 880.31 500.13 8.59
2014-03-31 869.85 503.01 7.96
2013-12-31 855.54 519.31 7.37
2013-09-30 838.37 558.66 8.91
2013-06-30 806.33 589.31 7.83
  • Mobile Mini's level of debt (95.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (106% vs 95.4% today).
  • Debt is well covered by operating cash flow (26.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.9x coverage).
X
Financial health checks
We assess Mobile Mini's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mobile Mini has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MINI Dividends

 What is Mobile Mini's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.67%
Current annual income from Mobile Mini dividends. Estimated to be 6.18% next year.
If you bought $2,000 of Mobile Mini shares you are expected to receive $113 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mobile Mini's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.04%).
  • Mobile Mini's dividend is below the markets top 25% of dividend payers in United States of America (5.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:MINI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:MINI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.61 1.00
2022-12-31 1.50 1.00
2021-12-31 1.31 4.00
2020-12-31 1.22 4.00
2020-04-04
NasdaqGS:MINI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-03 1.212 3.859
2020-01-28 1.212 2.887
2019-07-25 1.100 3.069
2019-04-23 1.100 3.372
2019-04-22 1.100 3.081
2019-02-05 1.100 3.121
2019-02-01 1.100 3.059
2018-07-26 1.000 2.552
2018-04-20 1.000 2.176
2018-02-05 1.000 2.311
2018-02-02 1.000 2.352
2017-10-20 0.908 2.603
2017-07-21 0.908 2.869
2017-04-27 0.908 3.146
2017-02-02 0.908 2.928
2016-10-25 0.824 2.798
2016-04-28 0.824 2.600
2016-02-05 0.824 2.712
2015-10-22 0.748 2.418
2015-04-30 0.748 2.053
2015-02-27 0.748 1.777
2015-02-12 0.748 1.791
2014-07-30 0.680 1.732
2013-11-08 0.680 1.605

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Mobile Mini has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Mobile Mini only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Mobile Mini's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Mobile Mini's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mobile Mini afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mobile Mini has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MINI Management

 What is the CEO of Mobile Mini's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kelly Williams
COMPENSATION $2,634,418
AGE 48
TENURE AS CEO 0.5 years
CEO Bio

Mr. Kelly Williams has been Chief Executive Officer and Director of Mobile Mini, Inc. since October 1, 2019, President since October 2018 and was its Chief Operating Officer since June 2014 until October 2019. He served as Executive Vice President of Mobile Mini, Inc. from June 2014 to October 2018. He joined Mobile Mini, Inc in July 2013 and has previously served as its Senior Vice President of Western Division and Regional Manager. Mr. Williams was responsible for sales and operations in North America and has experience in the equipment and car rental industries. From November 2012 to June 2013, Mr. Williams was a Vice President at airWorx Construction Equipment & Supply. From September 2005 through August 2012, Mr. Williams worked in the equipment rental industry at RSC Holdings, Inc., and served as its Region Vice President. Mr. Williams is on the Advisory Board for Playworks Arizona. Mr. Williams earned his B.A. degree from Anderson University.

CEO Compensation
  • Kelly's compensation has increased in line with Mobile Mini recently becoming profitable.
  • Kelly's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Mobile Mini management team in years:

2.7
Average Tenure
56
Average Age
  • The tenure for the Mobile Mini management team is about average.
Management Team

Kelly Williams

TITLE
President
COMPENSATION
$3M
AGE
48
TENURE
0.5 yrs

Van Welch

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
64
TENURE
2.7 yrs

Chris Miner

TITLE
Senior VP
COMPENSATION
$1M
AGE
48
TENURE
11.3 yrs

Mark Krivoruchka

TITLE
Senior VP & Chief Human Resources Officer
COMPENSATION
$1M
AGE
64
TENURE
2.3 yrs

Graeme Parkes

TITLE
Chief Information Officer
TENURE
5.6 yrs

Linda Latman

TITLE

Chris Anderson

TITLE
Senior Vice President of Global Sales and Marketing
TENURE
5 yrs

Justin Romero

TITLE
President of Tank & Pump Solutions
TENURE
5 yrs

Ryan Wilson

TITLE
Senior Vice President of Western Division
TENURE
2.6 yrs

Jason Seabolt

TITLE
Senior Vice President of Operations - Eastern Division
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Mobile Mini board of directors in years:

8
Average Tenure
60.5
Average Age
  • The tenure for the Mobile Mini board of directors is about average.
Board of Directors

Erik Olsson

TITLE
Non Executive Chairman
COMPENSATION
$3M
AGE
57
TENURE
0.5 yrs

Kelly Williams

TITLE
President
COMPENSATION
$3M
AGE
48
TENURE
0.5 yrs

Rick McNamee

TITLE
Independent Director
COMPENSATION
$167K
AGE
62
TENURE
11.8 yrs

Jim Martell

TITLE
Independent Director
COMPENSATION
$182K
AGE
65
TENURE
10.3 yrs

Sara Dial

TITLE
Independent Director
COMPENSATION
$176K
AGE
55
TENURE
5.7 yrs

Mike Upchurch

TITLE
Independent Director
COMPENSATION
$161K
AGE
58
TENURE
1.2 yrs

Mike Watts

TITLE
Director
COMPENSATION
$241K
AGE
71
TENURE
0.5 yrs

Larry Trachtenberg

TITLE
Independent Director
COMPENSATION
$176K
AGE
63
TENURE
24.3 yrs

Stephen McConnell

TITLE
Independent Director
COMPENSATION
$167K
AGE
67
TENURE
21.7 yrs

Jeff Goble

TITLE
Independent Director
COMPENSATION
$167K
AGE
59
TENURE
14.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Mobile Mini's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mobile Mini has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MINI News

Simply Wall St News

Should You Worry About Mobile Mini, Inc.'s (NASDAQ:MINI) CEO Salary Level?

Erik Olsson became the CEO of Mobile Mini, Inc. … See our latest analysis for Mobile Mini How Does Erik Olsson's Compensation Compare With Similar Sized Companies? … We're not seeing great strides in earnings per share, and total returns were decent but not amazing in the last three years.

Simply Wall St -

We Think Mobile Mini (NASDAQ:MINI) Is Taking Some Risk With Its Debt

NasdaqGS:MINI Historical Debt, August 21st 2019 How Healthy Is Mobile Mini's Balance Sheet? … When analysing debt levels, the balance sheet is the obvious place to start. … Looking at all the angles mentioned above, it does seem to us that Mobile Mini is a somewhat risky investment as a result of its debt.

Simply Wall St -

Should Income Investors Look At Mobile Mini, Inc. (NASDAQ:MINI) Before Its Ex-Dividend?

View our latest analysis for Mobile Mini Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. … Mobile Mini paid a dividend last year despite being unprofitable. … If Mobile Mini didn't generate enough cash to pay the dividend, then it must have either paid from cash in the bank or by borrowing money, neither of which is sustainable in the long term.

Simply Wall St -

A Look At The Fair Value Of Mobile Mini, Inc. (NASDAQ:MINI)

(NASDAQ:MINI) by estimating the company's future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $96.4m $103.4m $109.5m $114.9m $119.8m $124.4m $128.7m $132.9m $137.1m $141.2m Growth Rate Estimate Source Analyst x2 Est @ 7.26% Est @ 5.9% Est @ 4.95% Est @ 4.28% Est @ 3.82% Est @ 3.49% Est @ 3.26% Est @ 3.1% Est @ 2.99% Present Value ($, Millions) Discounted @ 8.81% $88.6 $87.3 $85.0 $82.0 $78.6 $75.0 $71.3 $67.7 $64.1 $60.7 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $760.1m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … NasdaqGS:MINI Intrinsic value, August 2nd 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Have Insiders Been Buying Mobile Mini, Inc. (NASDAQ:MINI) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Mobile Mini, Inc. … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' See our latest analysis for Mobile Mini The Last 12 Months Of Insider Transactions At Mobile Mini Director Stephen McConnell made the biggest insider purchase in the last 12 months. … Happily, the Mobile Mini insider decided to buy shares at close to current prices.

Simply Wall St -

Did You Manage To Avoid Mobile Mini's (NASDAQ:MINI) 37% Share Price Drop?

During the last year Mobile Mini saw its earnings per share drop below zero. … We'd be remiss not to mention the difference between Mobile Mini's total shareholder return (TSR) and its share price return. … Its history of dividend payouts mean that Mobile Mini's TSR, which was a 35% drop over the last year, was not as bad as the share price return.

Simply Wall St -

What Is Mobile Mini, Inc.'s (NASDAQ:MINI) Share Price Doing?

Check out our latest analysis for Mobile Mini Is Mobile Mini still cheap? … However, given that Mobile Mini’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. … With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price.

Simply Wall St -

What You Should Know About Mobile Mini, Inc.'s (NASDAQ:MINI) Financial Strength

With this rise in debt, MINI currently has US$4.3m remaining in cash and short-term investments , ready to be used for running the business. … On top of this, MINI has produced US$164m in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 16%, signalling that MINI’s current level of operating cash is not high enough to cover debt. … Next Steps: MINI’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

What To Know Before Buying Mobile Mini, Inc. (NASDAQ:MINI) For Its Dividend

(NASDAQ:MINI) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. In this case, Mobile Mini likely looks attractive to dividend investors, given its 3.3% dividend yield and six-year payment history. We'd agree the yield does look enticing. Some simple analysis can offer a lot of insights when buying a company for its dividend, and we'll go through this below. Click the interactive chart for our full dividend analysis NasdaqGS:MINI Historical Dividend Yield, May 17th 2019 Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Payout ratios Dividends are usually paid out of company earnings. If a company is paying more than it earns, then the dividend might become unsustainable - hardly an ideal situation. So we need to be form a view on if a company's dividend is sustainable, relative to its net profit after tax. Although Mobile Mini pays a dividend, it was loss-making during the past year. When a company is loss-making, we next need to check to see if its cash flows can support the dividend. With a loss in the last year, it becomes even more important to evaluate if the company is generating enough cash flow to pay its dividend and meet its obligations. Mobile Mini paid out 64% of its free cash flow last year, which is acceptable, but is starting to limit the amount of earnings that can be reinvested into the business. Is Mobile Mini's Balance Sheet Risky? Given Mobile Mini is paying a dividend but reported a loss over the past year, we need to check its balance sheet for signs of financial distress. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Mobile Mini has grown its earnings per share at 20% per annum over the past five years. … Earnings per share have been growing at a good rate, and the company is paying less than half its earnings as dividends.

Simply Wall St -

A Look At The Fair Value Of Mobile Mini, Inc. (NASDAQ:MINI)

by estimating the company's future cash flows and discounting them to their present value. … We generally believe that a company's value is the present value of all of the cash it will generate in the future. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

MINI Company Info

Description

Mobile Mini, Inc., together with its subsidiaries, provides portable storage and specialty containment solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Storage Solutions North America, Storage Solutions United Kingdom, and Tank & Pump Solutions. The company offers various portable storage and office products, including steel storage containers and steel ground level offices to construction companies, retailers, medical centers, schools, utilities, distributors, military, hotels, restaurants, entertainment complexes, and households for various applications, such as storage of construction materials and equipment, retail and manufacturing inventory, documents and records, and other goods. It also provides a range of specialty containment equipment, such as steel tanks, stainless steel tank trailers, and pumps and filtration equipment, as well as roll-off, vacuum, and dewatering boxes. In addition, the company offers specialty containment services comprising transportation of containers for waste management; waste management oversight and services; system design services, including pumping assessment, filtration, and temporary storage; and field services to install and connect customer containment equipment. It primarily leases its specialty products for chemical, refinery, oil and natural gas drilling, mining, and environmental service customers. As of December 31, 2019, the company operated a rental fleet of approximately 200,200 storage solution containers and units; and 12,700 units of tank and pump solutions. Its network also consisted of 120 storage solutions locations, 20 tank and pump solutions locations and 16 combined locations. Mobile Mini, Inc. was founded in 1983 and is based in Phoenix, Arizona.

Details
Name: Mobile Mini, Inc.
MINI
Exchange: NasdaqGS
Founded: 1983
$948,531,760
44,365,377
Website: http://www.mobilemini.com
Address: Mobile Mini, Inc.
4646 East Van Buren Street,
Suite 400,
Phoenix,
Arizona, 85008,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS MINI Common Stock Nasdaq Global Select US USD 17. Feb 1994
DB MBE Common Stock Deutsche Boerse AG DE EUR 17. Feb 1994
Number of employees
Current staff
Staff numbers
2,042
Mobile Mini employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 00:10
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.