Earlier this week, I introduced the “why the low multiple” series, and today we’re diving into the first industry for that series: the rental car industry.
That's a great post about the car rental companies! I think the net of actual depreciation and gains on sale of cars is kind of misleading. They should also include the gross values for the segments.
This series promises to be awesome!
As always, thank you for sharing your thoughts.
Great first article in this series! Really enjoyed reading it and shows the difficulty in trying to normalise earnings!
Awesome series.
Nice write up Andrew. Really appreciated the way you broke down the bear cases into layman language.
Hello Andrew, I own a small rental business in Australia. I would love to ask your advice about how my accountant shows profit and loss.
I stumbled across this blog - an excellent read, thank you.
That's a great post about the car rental companies! I think the net of actual depreciation and gains on sale of cars is kind of misleading. They should also include the gross values for the segments.
What do think abut the balance sheets? Do you take this into consideration?