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HYRECAR INC (HYRE) Stock Fundamental Analysis

USA - NASDAQ:HYRE - US44916T1079 - Common Stock

0.46 USD
-0.02 (-3.46%)
Last: 2/2/2023, 8:03:32 PM
0.48 USD
+0.02 (+4.35%)
After Hours: 2/2/2023, 8:03:32 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to HYRE. HYRE was compared to 43 industry peers in the Ground Transportation industry. The financial health of HYRE is average, but there are quite some concerns on its profitability. HYRE is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year HYRE has reported negative net income.
HYRE had a negative operating cash flow in the past year.
HYRE Yearly Net Income VS EBIT VS OCF VS FCFHYRE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 0 -5M -10M -15M -20M -25M

1.2 Ratios

The profitability ratios for HYRE are negative, so there is not much use analyzing them.
Industry RankSector Rank
ROA N/A
ROE N/A
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
HYRE Yearly ROA, ROE, ROICHYRE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 0 -500 -1K

1.3 Margins

HYRE has a Gross Margin of 34.55%. This is comparable to the rest of the industry: HYRE outperforms 48.84% of its industry peers.
HYRE's Gross Margin has improved in the last couple of years.
HYRE does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 34.55%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16.82%
GM growth 5Y9.59%
HYRE Yearly Profit, Operating, Gross MarginsHYRE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 0 -100 -200 -300

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4

2. Health

2.1 Basic Checks

HYRE does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, HYRE has more shares outstanding
HYRE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
HYRE Yearly Shares OutstandingHYRE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 5M 10M 15M 20M
HYRE Yearly Total Debt VS Total AssetsHYRE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 5M 10M 15M

2.2 Solvency

Based on the Altman-Z score of -7.87, we must say that HYRE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -7.87, HYRE is not doing good in the industry: 76.74% of the companies in the same industry are doing better.
HYRE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -7.87
ROIC/WACCN/A
WACC10.13%
HYRE Yearly LT Debt VS Equity VS FCFHYRE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 0 5M -5M -10M -15M

2.3 Liquidity

HYRE has a Current Ratio of 0.92. This is a bad value and indicates that HYRE is not financially healthy enough and could expect problems in meeting its short term obligations.
HYRE's Current ratio of 0.92 is on the low side compared to the rest of the industry. HYRE is outperformed by 65.12% of its industry peers.
HYRE has a Quick Ratio of 0.92. This is a bad value and indicates that HYRE is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.92, HYRE is not doing good in the industry: 62.79% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.92
Quick Ratio 0.92
HYRE Yearly Current Assets VS Current LiabilitesHYRE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 5M 10M 15M

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7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 42.96% over the past year.
The Revenue has grown by 20.11% in the past year. This is a very strong growth!
Measured over the past years, HYRE shows a very strong growth in Revenue. The Revenue has been growing by 133.01% on average per year.
EPS 1Y (TTM)42.96%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20.69%
Revenue 1Y (TTM)20.11%
Revenue growth 3Y54%
Revenue growth 5Y133.01%
Sales Q2Q%6.43%

3.2 Future

The Earnings Per Share is expected to grow by 30.94% on average over the next years. This is a very strong growth
HYRE is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 29.86% yearly.
EPS Next Y30.64%
EPS Next 2Y30.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year13.78%
Revenue Next 2Y29.86%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
HYRE Yearly Revenue VS EstimatesHYRE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
HYRE Yearly EPS VS EstimatesHYRE Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 -0.5 -1

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for HYRE. In the last year negative earnings were reported.
Also next year HYRE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
HYRE Price Earnings VS Forward Price EarningsHYRE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40 50

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
HYRE Per share dataHYRE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1

4.3 Compensation for Growth

HYRE's earnings are expected to grow with 30.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y30.94%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

HYRE does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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HYRECAR INC

NASDAQ:HYRE (2/2/2023, 8:03:32 PM)

After market: 0.48 +0.02 (+4.35%)

0.46

-0.02 (-3.46%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)11-14 2022-11-14/amc
Earnings (Next)03-13 2023-03-13/amc
Inst Owners0%
Inst Owner ChangeN/A
Ins Owners25.26%
Ins Owner Change0%
Market Cap14.77M
Revenue(TTM)39.89M
Net Income(TTM)-18.36M
Analysts84
Price Target5.44 (1082.61%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.98%
Min EPS beat(2)-20.26%
Max EPS beat(2)18.3%
EPS beat(4)3
Avg EPS beat(4)12.15%
Min EPS beat(4)-20.26%
Max EPS beat(4)49.63%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2%
Min Revenue beat(2)-2.5%
Max Revenue beat(2)-1.5%
Revenue beat(4)0
Avg Revenue beat(4)-3.77%
Min Revenue beat(4)-9.23%
Max Revenue beat(4)-1.5%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)12.28%
PT rev (3m)-4.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.17%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.08%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.37
P/FCF N/A
P/OCF N/A
P/B 6.94
P/tB 9.16
EV/EBITDA N/A
EPS(TTM)-0.81
EYN/A
EPS(NY)-0.36
Fwd EYN/A
FCF(TTM)-0.38
FCFYN/A
OCF(TTM)-0.37
OCFYN/A
SpS1.24
BVpS0.07
TBVpS0.05
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA N/A
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 34.55%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-16.82%
GM growth 5Y9.59%
F-Score4
Asset Turnover2.27
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.92
Quick Ratio 0.92
Altman-Z -7.87
F-Score4
WACC10.13%
ROIC/WACCN/A
Cap/Depr(3y)0%
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)42.96%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20.69%
EPS Next Y30.64%
EPS Next 2Y30.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)20.11%
Revenue growth 3Y54%
Revenue growth 5Y133.01%
Sales Q2Q%6.43%
Revenue Next Year13.78%
Revenue Next 2Y29.86%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y27.75%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year46.5%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-44.14%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-40.88%
OCF growth 3YN/A
OCF growth 5YN/A

HYRECAR INC / HYRE FAQ

What is the fundamental rating for HYRE stock?

ChartMill assigns a fundamental rating of 3 / 10 to HYRE.


What is the valuation status of HYRECAR INC (HYRE) stock?

ChartMill assigns a valuation rating of 1 / 10 to HYRECAR INC (HYRE). This can be considered as Overvalued.


Can you provide the profitability details for HYRECAR INC?

HYRECAR INC (HYRE) has a profitability rating of 1 / 10.