Hertz Global Holdings, Inc. (HTZ) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-12563.6%

-$243.04

vs $1.95 price

Levered DCF

-$428.76

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.35

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-2.13×	-0.39×	5.27×	2.83×	-92.56×	-2.36×	-62.77×	-11.53×
P/B	-3.47×	7.32×	1.05×	2.21×	2.64×	72.29×	1.79×	2.31×
P/S	0.19×	0.12×	0.35×	0.67×	1.07×	0.77×	0.32×	0.27×
EV / EBITDA	7.81×	10.26×	5.58×	5.33×	5.19×	8.92×	2.09×	5.52×
Gross margin	11.4%	3.1%	18.4%	34.9%	37.3%	-7.2%	17.7%	18.2%
Operating margin	0.2%	-6.2%	8.3%	23.9%	28.2%	-17.0%	7.8%	6.1%
Net margin	-8.8%	-31.6%	6.6%	23.7%	5.0%	-32.6%	-0.6%	-2.4%
Current ratio	0.55×	0.74×	0.77×	0.87×	2.76×	1.33×	1.03×	1.51×
Debt / equity	-41.82×	120.31×	5.77×	5.92×	1.51×	112.89×	3.15×	14.58×
Interest coverage	0.01×	-0.58×	0.98×	4.56×	4.41×	-1.47×	1×	0.81×
Dividend yield	0.0%	0.6%	0.0%	0.0%	3.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	-0.2%	0.0%	0.0%	65.3%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	162.7%	-1870.6%	19.9%	77.8%	12.3%	-3060.7%	-3.3%	-20.1%
Return on invested capital	0.1%	-2.5%	3.4%	8.4%	6.1%	-5.5%	-14.0%	2.7%
Return on assets	-3.3%	-13.1%	2.5%	9.2%	1.9%	-10.1%	-0.2%	-1.1%
Free cash flow yield	-543.2%	-750.5%	-222.3%	-29.3%	-68.8%	-115.8%	-349.5%	-390.4%
Earnings yield	-46.9%	-255.5%	18.9%	35.3%	4.6%	-42.3%	-1.8%	-8.7%
Enterprise value	$19.6B	$18.9B	$20.3B	$20.6B	$10.1B	$9.3B	$7.9B	$17.8B
Net debt / EBITDA	7.18×	9.65×	4.68×	3.82×	1.15×	5.03×	1.25×	4.71×
Cash conversion cycle (days)	6	22	13	-2	-8	10	26	28