Avis Budget Group

Avis Budget Group, Inc. (Avis Budget) operates two brands in the global vehicle rental industry through Avis and Budget. Avis is a rental car supplier positioned to serve the commercial and leisure segments of the travel industry and Budget is a rental car supplier focused primarily on more value-conscious segments of the industry. It operates in three segments: North America, consisting of its Avis and Budget car rental operations in the United States and its Avis and Budget vehicle rental operations in Canada; International, consisting of its Avis and Budget vehicle rental operations in Europe, the Middle East, Asia, Africa, South America, central America, the Caribbean, Australia and New Zealand, and Truck Rental, consisting of its Budget truck rental operations in the United States. On October 3, 2011, the Company acquired Avis Europe plc. In July 2013, Avis Budget Group Inc acquired Payless Car Rental.
Company Growth (employees)
Type
Public
HQ
Parsippany, US
Founded
1946
Size (employees)
30,000 (est)
Avis Budget Group was founded in 1946 and is headquartered in Parsippany, US

Key People at Avis Budget Group

Mark Servodidio

Mark Servodidio

President, International
Larry De Shon

Larry De Shon

Chief Executive Officer and Chief Operating Officer
Scott Deaver

Scott Deaver

Executive Vice President and Chief Marketing Officer
Michael Tucker

Michael Tucker

Executive Vice President and General Counsel
Gerard Insall

Gerard Insall

Executive Vice President and Chief Information Officer
David Wyshner

David Wyshner

President and Chief Financial Officer

Avis Budget Group Office Locations

Avis Budget Group has an office in Parsippany
Parsippany, US (HQ)
6 Sylvan Way

Avis Budget Group Data and Metrics

Avis Budget Group Financial Metrics

Avis Budget Group's revenue was reported to be $8.7 b in FY, 2016 which is a 2% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

8.7 b

Revenue growth (FY, 2015 - FY, 2016), %

2%

Gross profit (FY, 2016)

4.3 b

Gross profit margin (FY, 2016), %

49%

Net income (FY, 2016)

163 m

Market capitalization (22-Jun-2017)

1.9 b

Closing share price (22-Jun-2017)

21.9

Cash (31-Dec-2016)

490 m

EV

4.7 b
Avis Budget Group's current market capitalization is $1.9 b.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

7.9 b8.5 b8.5 b8.7 b

Revenue growth, %

7%0%2%

Cost of goods sold

4.1 b4.3 b4.3 b4.4 b

Gross profit

3.9 b4.2 b4.2 b4.3 b

Gross profit Margin, %

49%50%50%49%

Pre tax profit

97 m392 m382 m279 m

Net Income

16 m245 m313 m163 m
Y, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

482 m911 m534 m606 m693 m624 m452 m490 m

Current Assets

1.9 b1.8 b1.6 b1.8 b

PP&E

614 m638 m681 m685 m

Goodwill

691 m842 m973 m1 b

Total Assets

16.3 b17 b17.6 b17.6 b

Accounts Payable

1.5 b1.5 b1.5 b1.5 b

Total Debt

3.3 b3.4 b3.4 b3.2 b

Current Liabilities

1.6 b1.5 b1.5 b1.8 b

Additional Paid-in Capital

7.9 b7.2 b7 b6.9 b

Retained Earnings

(2.4 b)(2.1 b)(1.8 b)(1.6 b)

Total Equity

439 m221 m

Debt to Equity Ratio

7.8 x14.7 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

40.2 x79.8 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

16 m245 m313 m163 m

Accounts Payable

(28 m)(3 m)(79 m)(9 m)

Cash From Operating Activities

2.3 b2.6 b2.6 b2.6 b

Cash From Investing Activities

(2.2 b)(2.8 b)(2.8 b)(2.1 b)

Short-term Borrowings

(36 m)5 m(22 m)4 m

Cash From Financing Activities

76 m182 m115 m(438 m)

Income Taxes Paid

(14 m)37 m(18 m)5 m
Numbers are in $, USDY, 2016

EV/CFO

1.8 x

Revenue/Employee

288.6 k

Debt/Equity

14.7 x

Debt/Assets

0.2 x

Financial Leverage

79.8 x

Avis Budget Group Market Value History

Avis Budget Group Online and Social Media Presence

Avis Budget Group News and Updates

Avis Budget Group Company Life and Culture

You may also be interested in