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Custom Truck One Source Inc Stock Research

CTOS

6.54USD-0.05(-0.76%)Delayed

Market Summary

USD6.54-0.05
Delayed
-0.76%

CTOS Alerts

CTOS Stock Price

CTOS RSI Chart

CTOS Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

41.74

Price/Sales (Trailing)

1.03

EV/EBITDA

8.46

Price/Free Cashflow

35.33

CTOS Price/Sales (Trailing)

CTOS Profitability

Operating Margin

23.10%

EBT Margin

0.38%

Return on Equity

0.49%

Return on Assets

0.15%

Free Cashflow Yield

2.83%

CTOS Fundamentals

CTOS Revenue

Revenue (TTM)

1.6B

Revenue Y/Y

36.55%

Revenue Q/Q

36.04%

CTOS Earnings

Earnings (TTM)

38.9M

Earnings Y/Y

933.21%

Earnings Q/Q

1.4K%

Price Action

52 Week Range

4.549.15
(Low)(High)

Last 7 days

-5.6%

Last 30 days

-7.6%

Last 90 days

6.5%

Trailing 12 Months

-25.9%

CTOS Financial Health

Current Ratio

1.43

Debt/Equity

1.58

Debt/Cashflow

0.02

CTOS Investor Care

Shares Dilution (1Y)

0.39%

Diluted EPS (TTM)

0.16

Financials for Custom Truck One Source

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue9.0%1,5731,4431,4421,4551,167
Gross Profit15.1%384333310274210
Operating Expenses3.2%280272277303252
  S&GA Expenses7.5%211196195197156
EBITDA3.5%33232112737.00-
EBITDA Margin3.5%0.23*0.22*0.09*0.03*-
Earnings Before Taxes752.0%47.005.00-17.19-153-177
EBT Margin131.9%0.00*-0.01*-0.11*-0.15*-
Interest Expenses-12.0%81.0092.0091.0071.0093.00
Net Income814.3%39.004.00-13.89-156-181
Net Income Margin130.6%0.00*-0.01*-0.11*-0.16*-
Free Cahsflow-49.4%31.0060.00121139-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.0%2,9382,8542,8142,7462,684
  Current Assets8.3%868802783713657
    Cash Equivalents-45.1%14.0026.0029.0024.0036.00
  Inventory7.4%597556536464411
  Goodwill0.1%704703706714696
  Current Liabilities12.9%635562531491441
  Long Term Debt0.8%1,3651,3531,3291,315-
    LT Debt, Current337.0%7.002.003.005.006.00
    LT Debt, Non Current-0.6%1,3551,3631,3501,3241,308
Shareholder's Equity3.1%888862870859859
  Retained Earnings4.8%-608-639-637-650-647
  Additional Paid-In Capital0.2%1,5211,5191,5141,5131,509
Shares Outstanding0.1%248248248247247
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations50.6%46.0031.0060.00121139
  Share Based Compensation-12.9%12.0014.0015.0020.0017.00
Cashflow From Investing-33.7%-218-163-161-1,481-1,429
Cashflow From Financing9.6%1541401031,3811,323
  Buy Backs115.1%10.005.000.00--

Risks for CTOS

What is the probability of a big loss on CTOS?

73.5%


Probability that Custom Truck One Source stock will be more than 20% underwater in next one year

65.4%


Probability that Custom Truck One Source stock will be more than 30% underwater in next one year.

48.9%


Probability that Custom Truck One Source stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CTOS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Custom Truck One Source was unfortunately bought at previous high price.

Drawdowns

Returns for CTOS

Cumulative Returns on CTOS

-7.5%


5-Year Cumulative Returns

39.7%


3-Year Cumulative Returns

What are the long-term rolling returns for CTOS?

FIve years rolling returns for Custom Truck One Source.

Annualized Returns

Which funds bought or sold CTOS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-06
Rockefeller Capital Management L.P.
reduced
-8.63
-
15,000
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
12,280
152,280
-%
2023-02-15
Metropolitan Life Insurance Co/NY
unchanged
-
1,897
22,897
-%
2023-02-15
MetLife Investment Management, LLC
reduced
-19.55
-23,666
163,334
-%
2023-02-15
JANE STREET GROUP, LLC
sold off
-100
-272,000
-
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
added
27.84
74,864
269,864
-%
2023-02-14
Covestor Ltd
added
87.88
-
-
-%
2023-02-14
ALGERT GLOBAL LLC
sold off
-100
-98,000
-
-%
2023-02-14
Ionic Capital Management LLC
reduced
-42.81
-712,431
355,569
0.08%
2023-02-14
Mariner, LLC
added
69.57
67,000
147,000
-%

1–10 of 46

Latest Funds Activity

Are funds buying CTOS calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CTOS
No. of Funds

Custom Truck One Source News

Simply Wall St

Custom Truck One Source (NYSE:CTOS) climbs 6.1% this week, taking three-year gains to 189%.

Simply Wall St,
4 days ago

Value the Markets

Simply Wall St

Zacks Investment Research

Schedule 13G FIlings of Custom Truck One Source

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Dec 16, 2022
ecp controlco, llc
-
0
SC 13D/A
Feb 22, 2022
blackstone holdings iii l.p.
0%
0
SC 13D/A

CTOS Fair Value

Custom Truck One Source fair value in different scenarios

The table shows the Fair Value estimates for Custom Truck One Source for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

1.00

-84.71%

3.05

-53.36%

8.80

34.56%

19.16

192.97%

40.00

511.62%
Current Inflation

0.91

-86.09%

2.74

-58.10%

7.72

18.04%

16.55

153.06%

34.21

423.09%
Very High Inflation

0.81

-87.61%

2.36

-63.91%

6.44

-1.53%

13.52

106.73%

27.58

321.71%

Historical Custom Truck One Source Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Custom Truck One Source

View All Filings
Date Filed Form Type Document
Mar 14, 2023
8-K
Current Report
Mar 14, 2023
10-K
Annual Report
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Mar 09, 2023
4
Insider Trading
Dec 16, 2022
SC 13D/A
13D - Major Acquisition

Latest Insider Trading transactions for CTOS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-07
Eperjesy Christopher J
acquired
-
-
7,470
chief financial officer
2022-12-31
Carlsen James
acquired
-
-
4,376
cio
2022-12-31
McMonagle Ryan
sold (taxes)
-110,714
6.32
-17,518
president, coo
2022-12-31
Ross Joe P.
acquired
-
-
25,000
president - sales
2022-12-31
Rich Thomas R.
acquired
-
-
25,000
evp - rentals
2022-12-31
Rich Thomas R.
sold (taxes)
-68,850
6.32
-10,894
evp - rentals
2022-12-31
Ross Fredrick M. Jr.
acquired
-
-
43,750
chief executive officer
2022-12-31
Ross Joe P.
sold (taxes)
-65,626
6.32
-10,384
president - sales
2022-12-31
Haubenreich Adam G.
sold (taxes)
-39,196
6.32
-6,202
vp and general counsel
2022-12-31
Carlsen James
sold (taxes)
-9,821
6.32
-1,554
cio

1–10 of 50

Fred Ross
1800
Custom Truck One Source, Inc. provides specialty equipment rental services to the electric utility transmission and distribution, telecommunications, rail, other infrastructure-related industries in North America. It operates through Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services segments. The Equipment Rental Solutions owns new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, digger derricks, and other machinery and equipment. The Truck and Equipment Sales segment offers new equipment for sale to be used for end-markets which can be modified to meet customers specific needs. The Aftermarket Parts and Services segment provides truck and equipment maintenance and repair services as well as sale of specialized aftermarket parts. The company was formerly known as Nesco Holdings, Inc. and changed its name to Custom Truck One Source, Inc. in April 2021. Custom Truck One Source, Inc. was founded in 1988 and is headquartered in Kansas City, Missouri.

CTOS Income Statement

2022-12-31
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue   
Total revenue$ 1,573,086$ 1,167,154$ 302,739
Cost of Revenue   
Depreciation of rental equipment171,703157,11078,532
Total cost of revenue1,189,338957,141226,296
Gross Profit383,748210,01376,443
Operating Expenses   
Selling, general and administrative expenses210,868155,78346,409
Amortization33,94040,7543,153
Non-rental depreciation9,4143,61395
Transaction expenses and other26,21851,8309,538
Total operating expenses280,440251,98059,195
Operating Income (Loss)103,308(41,967)17,248
Other Expense   
Loss on extinguishment of debt061,6950
Interest expense, net88,90672,84363,200
Financing and other expense (income)(32,330)5715,399
Total other expense56,576135,10968,599
Income (Loss) Before Income Taxes46,732(177,076)(51,351)
Income Tax Expense (Benefit)7,8274,425(30,074)
Net Income (Loss)38,905(181,501)(21,277)
Other Comprehensive Income (Loss):   
Unrealized foreign currency translation adjustments, net of $505 tax(8,947)00
Other Comprehensive Income (Loss)(8,947)00
Comprehensive Income (Loss)$ 29,958$ (181,501)$ (21,277)
Net Income (Loss) Per Share:   
Basic (in dollars per share)$ 0.16$ (0.75)$ (0.43)
Diluted (in dollars per share)$ 0.16$ (0.75)$ (0.43)
Weighted-Average Common Shares Outstanding:   
Basic (in shares)247,152241,37049,065
Diluted (in shares)247,705241,37049,065
Revenue   
Revenue   
Total revenue$ 464,039$ 370,067$ 195,490
Cost of Revenue   
Cost of rental revenue110,27299,88561,207
Equipment sales   
Revenue   
Total revenue982,341695,33456,632
Cost of Revenue   
Cost of rental revenue805,852618,44447,407
Parts sales and services   
Revenue   
Total revenue126,706101,75350,617
Cost of Revenue   
Cost of rental revenue$ 101,511$ 81,702$ 39,150

CTOS Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets  
Cash and cash equivalents$ 14,360$ 35,902
Accounts receivable, net193,106168,394
Financing receivables, net38,27128,649
Inventory596,724410,542
Prepaid expenses and other25,78413,217
Total current assets868,245656,704
Property and equipment, net121,956108,612
Rental equipment, net883,674834,325
Goodwill703,827695,865
Intangible assets, net304,132327,840
Operating lease assets29,43436,014
Other assets26,94424,406
Total Assets2,938,2122,683,766
Current Liabilities  
Accounts payable87,25591,123
Accrued expenses68,78460,337
Deferred revenue and customer deposits34,67135,791
Floor plan payables - trade136,63472,714
Floor plan payables - non-trade293,536165,239
Operating lease liabilities - current5,2624,987
Current maturities of long-term debt6,9406,354
Current portion of finance lease obligations1,7964,038
Total current liabilities634,878440,583
Long-term debt, net1,354,7661,308,265
Finance leases3,2065,109
Operating lease liabilities - noncurrent24,81831,514
Deferred income taxes29,08615,621
Derivative, warrants and other liabilities3,01524,164
Total long-term liabilities1,414,8911,384,673
Commitments and contingencies (see Note 19)
Stockholders' Equity  
Common stock — $0.0001 par value, 500,000,000 shares authorized, 248,311,104 and 247,358,412 shares issued and outstanding, at December 31, 2022 and December 31, 2021, respectively2525
Treasury stock, at cost — 2,241,069 and 318,086 shares at December 31, 2022 and December 31, 2021, respectively(15,537)(3,020)
Additional paid-in capital1,521,4871,508,995
Accumulated other comprehensive loss(8,947)0
Accumulated deficit(608,585)(647,490)
Total stockholders' equity888,443858,510
Total Liabilities and Stockholders' Equity$ 2,938,212$ 2,683,766