FIRSTCASH HOLDINGS INC (FCFS) Stock Fundamental Analysis
NASDAQ:FCFS - Nasdaq - US33768G1076 - Common Stock - Currency: USD
FCFS gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 53 industry peers in the Consumer Finance industry. While FCFS has a great health rating, its profitability is only average at the moment. FCFS has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
FCFS had positive earnings in the past year.
FCFS had a positive operating cash flow in the past year.
In the past 5 years FCFS has always been profitable.
Each year in the past 5 years FCFS had a positive operating cash flow.
1.2 Ratios
FCFS has a Return On Assets of 6.46%. This is amongst the best in the industry. FCFS outperforms 83.02% of its industry peers.
Looking at the Return On Equity, with a value of 13.63%, FCFS is in the better half of the industry, outperforming 60.38% of the companies in the same industry.
FCFS has a better Return On Invested Capital (8.91%) than 73.58% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FCFS is below the industry average of 10.42%.
The 3 year average ROIC (7.96%) for FCFS is below the current ROIC(8.91%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.46% | ||
| ROE | 13.63% | ||
| ROIC | 8.91% |
ROA(3y)5.79%
ROA(5y)5.03%
ROE(3y)12.36%
ROE(5y)10.46%
ROIC(3y)7.96%
ROIC(5y)7.08%
1.3 Margins
Looking at the Profit Margin, with a value of 8.61%, FCFS is in line with its industry, outperforming 50.94% of the companies in the same industry.
FCFS's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 14.65%, FCFS is in line with its industry, outperforming 58.49% of the companies in the same industry.
In the last couple of years the Operating Margin of FCFS has remained more or less at the same level.
FCFS has a Gross Margin (49.45%) which is comparable to the rest of the industry.
FCFS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.65% | ||
| PM (TTM) | 8.61% | ||
| GM | 49.45% |
OM growth 3Y1.69%
OM growth 5Y-0.82%
PM growth 3Y1.28%
PM growth 5Y-2.86%
GM growth 3Y-3.85%
GM growth 5Y-2.51%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so FCFS is still creating some value.
Compared to 1 year ago, FCFS has less shares outstanding
FCFS has more shares outstanding than it did 5 years ago.
The debt/assets ratio for FCFS is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.36 indicates that FCFS is not in any danger for bankruptcy at the moment.
FCFS has a better Altman-Z score (3.36) than 88.68% of its industry peers.
The Debt to FCF ratio of FCFS is 4.33, which is a neutral value as it means it would take FCFS, 4.33 years of fcf income to pay off all of its debts.
FCFS has a Debt to FCF ratio of 4.33. This is in the better half of the industry: FCFS outperforms 73.58% of its industry peers.
A Debt/Equity ratio of 0.79 indicates that FCFS is somewhat dependend on debt financing.
FCFS has a Debt to Equity ratio of 0.79. This is in the better half of the industry: FCFS outperforms 67.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 4.33 | ||
| Altman-Z | 3.36 |
ROIC/WACC1.12
WACC7.98%
2.3 Liquidity
FCFS has a Current Ratio of 4.21. This indicates that FCFS is financially healthy and has no problem in meeting its short term obligations.
FCFS has a Current ratio of 4.21. This is amongst the best in the industry. FCFS outperforms 86.79% of its industry peers.
FCFS has a Quick Ratio of 3.12. This indicates that FCFS is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.12, FCFS belongs to the top of the industry, outperforming 84.91% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.21 | ||
| Quick Ratio | 3.12 |
3. Growth
3.1 Past
FCFS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.33%, which is quite good.
Measured over the past years, FCFS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.52% on average per year.
The Revenue has been growing slightly by 2.49% in the past year.
FCFS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.69% yearly.
EPS 1Y (TTM)17.33%
EPS 3Y19.62%
EPS 5Y11.52%
EPS Q2Q%30.66%
Revenue 1Y (TTM)2.49%
Revenue growth 3Y25.87%
Revenue growth 5Y12.69%
Sales Q2Q%-0.05%
3.2 Future
The Earnings Per Share is expected to grow by 25.26% on average over the next years. This is a very strong growth
FCFS is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -13.51% yearly.
EPS Next Y21.05%
EPS Next 2Y20.65%
EPS Next 3Y25.26%
EPS Next 5YN/A
Revenue Next Year1.9%
Revenue Next 2Y5.29%
Revenue Next 3Y-13.51%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 17.42, FCFS is valued on the expensive side.
FCFS's Price/Earnings ratio is a bit more expensive when compared to the industry. FCFS is more expensive than 64.15% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.03. FCFS is valued slightly cheaper when compared to this.
FCFS is valuated correctly with a Price/Forward Earnings ratio of 13.65.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FCFS is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.28, FCFS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.42 | ||
| Fwd PE | 13.65 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FCFS indicates a somewhat cheap valuation: FCFS is cheaper than 64.15% of the companies listed in the same industry.
FCFS's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.2 | ||
| EV/EBITDA | 12.49 |
4.3 Compensation for Growth
FCFS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of FCFS may justify a higher PE ratio.
A more expensive valuation may be justified as FCFS's earnings are expected to grow with 25.26% in the coming years.
PEG (NY)0.83
PEG (5Y)1.51
EPS Next 2Y20.65%
EPS Next 3Y25.26%
5. Dividend
5.1 Amount
FCFS has a Yearly Dividend Yield of 1.26%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.16, FCFS has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, FCFS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
5.2 History
The dividend of FCFS is nicely growing with an annual growth rate of 7.40%!
FCFS has been paying a dividend for at least 10 years, so it has a reliable track record.
FCFS has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)7.4%
Div Incr Years8
Div Non Decr Years8
5.3 Sustainability
FCFS pays out 23.24% of its income as dividend. This is a sustainable payout ratio.
FCFS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP23.24%
EPS Next 2Y20.65%
EPS Next 3Y25.26%
133.28
-1.47 (-1.09%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryConsumer Finance
Earnings (Last)
Earnings (Next)
Inst Owners87.69%
Inst Owner Change-0.12%
Ins Owners2.92%
Ins Owner Change-0.4%
Market Cap5.91B
Analysts80
Price Target152.24 (14.23%)
Short Float %1.03%
Short Ratio1.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
Yearly Dividend1.46
Dividend Growth(5Y)7.4%
DP23.24%
Div Incr Years8
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.88%
Min EPS beat(2)5.03%
Max EPS beat(2)16.73%
EPS beat(4)4
Avg EPS beat(4)6.49%
Min EPS beat(4)0.98%
Max EPS beat(4)16.73%
EPS beat(8)7
Avg EPS beat(8)6.29%
EPS beat(12)11
Avg EPS beat(12)6.85%
EPS beat(16)15
Avg EPS beat(16)8.22%
Revenue beat(2)0
Avg Revenue beat(2)-1.44%
Min Revenue beat(2)-1.87%
Max Revenue beat(2)-1.01%
Revenue beat(4)0
Avg Revenue beat(4)-2.27%
Min Revenue beat(4)-3.47%
Max Revenue beat(4)-1.01%
Revenue beat(8)1
Avg Revenue beat(8)-1.92%
Revenue beat(12)3
Avg Revenue beat(12)-1.32%
Revenue beat(16)5
Avg Revenue beat(16)-0.48%
PT rev (1m)1.53%
PT rev (3m)8.31%
EPS NQ rev (1m)-3.89%
EPS NQ rev (3m)-1.96%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)3.93%
Revenue NQ rev (1m)-0.73%
Revenue NQ rev (3m)1.75%
Revenue NY rev (1m)0.63%
Revenue NY rev (3m)1.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.42 | ||
| Fwd PE | 13.65 | ||
| P/S | 1.74 | ||
| P/FCF | 15.2 | ||
| P/OCF | 10.66 | ||
| P/B | 2.76 | ||
| P/tB | 54.07 | ||
| EV/EBITDA | 12.49 |
EPS(TTM)7.65
EY5.74%
EPS(NY)9.77
Fwd EY7.33%
FCF(TTM)8.77
FCFY6.58%
OCF(TTM)12.51
OCFY9.38%
SpS76.38
BVpS48.25
TBVpS2.46
PEG (NY)0.83
PEG (5Y)1.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.46% | ||
| ROE | 13.63% | ||
| ROCE | 11.85% | ||
| ROIC | 8.91% | ||
| ROICexc | 9.13% | ||
| ROICexgc | 18.16% | ||
| OM | 14.65% | ||
| PM (TTM) | 8.61% | ||
| GM | 49.45% | ||
| FCFM | 11.48% |
ROA(3y)5.79%
ROA(5y)5.03%
ROE(3y)12.36%
ROE(5y)10.46%
ROIC(3y)7.96%
ROIC(5y)7.08%
ROICexc(3y)8.26%
ROICexc(5y)7.33%
ROICexgc(3y)17.47%
ROICexgc(5y)15.63%
ROCE(3y)10.59%
ROCE(5y)9.41%
ROICexcg growth 3Y14.69%
ROICexcg growth 5Y0.69%
ROICexc growth 3Y20.73%
ROICexc growth 5Y-0.74%
OM growth 3Y1.69%
OM growth 5Y-0.82%
PM growth 3Y1.28%
PM growth 5Y-2.86%
GM growth 3Y-3.85%
GM growth 5Y-2.51%
F-Score8
Asset Turnover0.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 4.33 | ||
| Debt/EBITDA | 2.81 | ||
| Cap/Depr | 159.68% | ||
| Cap/Sales | 4.89% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 92.44% | ||
| Profit Quality | 133.35% | ||
| Current Ratio | 4.21 | ||
| Quick Ratio | 3.12 | ||
| Altman-Z | 3.36 |
F-Score8
WACC7.98%
ROIC/WACC1.12
Cap/Depr(3y)100.33%
Cap/Depr(5y)96.31%
Cap/Sales(3y)3.33%
Cap/Sales(5y)2.95%
Profit Quality(3y)150.1%
Profit Quality(5y)153.76%
High Growth Momentum
Growth
EPS 1Y (TTM)17.33%
EPS 3Y19.62%
EPS 5Y11.52%
EPS Q2Q%30.66%
EPS Next Y21.05%
EPS Next 2Y20.65%
EPS Next 3Y25.26%
EPS Next 5YN/A
Revenue 1Y (TTM)2.49%
Revenue growth 3Y25.87%
Revenue growth 5Y12.69%
Sales Q2Q%-0.05%
Revenue Next Year1.9%
Revenue Next 2Y5.29%
Revenue Next 3Y-13.51%
Revenue Next 5YN/A
EBIT growth 1Y15.85%
EBIT growth 3Y28%
EBIT growth 5Y11.76%
EBIT Next Year55.01%
EBIT Next 3Y25.95%
EBIT Next 5YN/A
FCF growth 1Y-3.69%
FCF growth 3Y28.61%
FCF growth 5Y15.54%
OCF growth 1Y23.77%
OCF growth 3Y34.22%
OCF growth 5Y18.45%