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 52 industry peers in the Consumer Finance industry. FCFS is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. 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.
Each year in the past 5 years FCFS has been profitable.
Each year in the past 5 years FCFS had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.35%, FCFS belongs to the top of the industry, outperforming 82.69% of the companies in the same industry.
Looking at the Return On Equity, with a value of 13.65%, FCFS is in line with its industry, outperforming 59.62% of the companies in the same industry.
FCFS has a better Return On Invested Capital (8.79%) than 76.92% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FCFS is below the industry average of 10.31%.
The 3 year average ROIC (7.96%) for FCFS is below the current ROIC(8.79%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.35% | ||
| ROE | 13.65% | ||
| ROIC | 8.79% |
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
FCFS has a Profit Margin (8.29%) which is comparable to the rest of the industry.
FCFS's Profit Margin has declined in the last couple of years.
FCFS has a Operating Margin (14.22%) which is in line with its industry peers.
FCFS's Operating Margin has been stable in the last couple of years.
FCFS's Gross Margin of 48.93% is in line compared to the rest of the industry. FCFS outperforms 48.08% of its industry peers.
FCFS's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.22% | ||
| PM (TTM) | 8.29% | ||
| GM | 48.93% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), FCFS is creating some value.
FCFS has less shares outstanding than it did 1 year ago.
FCFS has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, FCFS has a worse debt to assets ratio.
2.2 Solvency
FCFS has an Altman-Z score of 3.33. This indicates that FCFS is financially healthy and has little risk of bankruptcy at the moment.
FCFS has a better Altman-Z score (3.33) than 88.46% of its industry peers.
The Debt to FCF ratio of FCFS is 3.49, which is a good value as it means it would take FCFS, 3.49 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FCFS (3.49) is better than 73.08% of its industry peers.
FCFS has a Debt/Equity ratio of 0.83. This is a neutral value indicating FCFS is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.83, FCFS is doing good in the industry, outperforming 65.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 3.49 | ||
| Altman-Z | 3.33 |
ROIC/WACC1.08
WACC8.14%
2.3 Liquidity
A Current Ratio of 4.39 indicates that FCFS has no problem at all paying its short term obligations.
FCFS has a Current ratio of 4.39. This is amongst the best in the industry. FCFS outperforms 86.54% of its industry peers.
FCFS has a Quick Ratio of 3.28. 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 3.28, FCFS belongs to the top of the industry, outperforming 86.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.39 | ||
| Quick Ratio | 3.28 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.50% over the past year.
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 5.06% in the past year.
The Revenue has been growing by 12.69% on average over the past years. This is quite good.
EPS 1Y (TTM)13.5%
EPS 3Y19.62%
EPS 5Y11.52%
EPS Q2Q%33.55%
Revenue 1Y (TTM)5.06%
Revenue growth 3Y25.87%
Revenue growth 5Y12.69%
Sales Q2Q%0.01%
3.2 Future
Based on estimates for the next years, FCFS will show a very strong growth in Earnings Per Share. The EPS will grow by 25.26% on average per year.
FCFS is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.17% yearly.
EPS Next Y21.24%
EPS Next 2Y20.72%
EPS Next 3Y25.26%
EPS Next 5YN/A
Revenue Next Year1.27%
Revenue Next 2Y3.9%
Revenue Next 3Y8.17%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 18.00, which indicates a rather expensive current valuation of FCFS.
Compared to the rest of the industry, the Price/Earnings ratio of FCFS indicates a slightly more expensive valuation: FCFS is more expensive than 65.38% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of FCFS to the average of the S&P500 Index (26.65), we can say FCFS is valued slightly cheaper.
A Price/Forward Earnings ratio of 13.31 indicates a correct valuation of FCFS.
The rest of the industry has a similar Price/Forward Earnings ratio as FCFS.
When comparing the Price/Forward Earnings ratio of FCFS to the average of the S&P500 Index (21.27), we can say FCFS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18 | ||
| Fwd PE | 13.31 |
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 65.38% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as FCFS.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.8 | ||
| EV/EBITDA | 12.47 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FCFS's earnings are expected to grow with 25.26% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.85
PEG (5Y)1.56
EPS Next 2Y20.72%
EPS Next 3Y25.26%
5. Dividend
5.1 Amount
FCFS has a Yearly Dividend Yield of 1.18%. Purely for dividend investing, there may be better candidates out there.
FCFS's Dividend Yield is comparable with the industry average which is at 3.75.
Compared to an average S&P500 Dividend Yield of 2.44, FCFS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
5.2 History
On average, the dividend of FCFS grows each year by 7.40%, which is quite nice.
FCFS has been paying a dividend for at least 10 years, so it has a reliable track record.
As FCFS did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)7.4%
Div Incr Years8
Div Non Decr Years8
5.3 Sustainability
FCFS pays out 23.79% of its income as dividend. This is a sustainable payout ratio.
The dividend of FCFS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP23.79%
EPS Next 2Y20.72%
EPS Next 3Y25.26%
130.14
+0.58 (+0.45%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryConsumer Finance
Earnings (Last)
Earnings (Next)
Inst Owners87.69%
Inst Owner Change4.3%
Ins Owners2.92%
Ins Owner Change8.59%
Market Cap5.77B
Analysts80
Price Target149.94 (15.21%)
Short Float %1.19%
Short Ratio1.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
Yearly Dividend1.46
Dividend Growth(5Y)7.4%
DP23.79%
Div Incr Years8
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.97%
Min EPS beat(2)3.21%
Max EPS beat(2)16.73%
EPS beat(4)4
Avg EPS beat(4)5.7%
Min EPS beat(4)0.98%
Max EPS beat(4)16.73%
EPS beat(8)7
Avg EPS beat(8)6.96%
EPS beat(12)11
Avg EPS beat(12)7.07%
EPS beat(16)15
Avg EPS beat(16)8.8%
Revenue beat(2)0
Avg Revenue beat(2)-2.67%
Min Revenue beat(2)-3.47%
Max Revenue beat(2)-1.87%
Revenue beat(4)0
Avg Revenue beat(4)-2.33%
Min Revenue beat(4)-3.47%
Max Revenue beat(4)-1.23%
Revenue beat(8)2
Avg Revenue beat(8)-1.72%
Revenue beat(12)3
Avg Revenue beat(12)-1.36%
Revenue beat(16)6
Avg Revenue beat(16)-0.35%
PT rev (1m)-0.41%
PT rev (3m)6.99%
EPS NQ rev (1m)-0.82%
EPS NQ rev (3m)-0.2%
EPS NY rev (1m)1.12%
EPS NY rev (3m)4.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.54%
Revenue NY rev (1m)1.01%
Revenue NY rev (3m)1.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18 | ||
| Fwd PE | 13.31 | ||
| P/S | 1.7 | ||
| P/FCF | 11.8 | ||
| P/OCF | 10.61 | ||
| P/B | 2.8 | ||
| P/tB | 217.97 | ||
| EV/EBITDA | 12.47 |
EPS(TTM)7.23
EY5.56%
EPS(NY)9.78
Fwd EY7.51%
FCF(TTM)11.03
FCFY8.48%
OCF(TTM)12.26
OCFY9.42%
SpS76.39
BVpS46.4
TBVpS0.6
PEG (NY)0.85
PEG (5Y)1.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.35% | ||
| ROE | 13.65% | ||
| ROCE | 11.68% | ||
| ROIC | 8.79% | ||
| ROICexc | 9.11% | ||
| ROICexgc | 18.62% | ||
| OM | 14.22% | ||
| PM (TTM) | 8.29% | ||
| GM | 48.93% | ||
| FCFM | 14.44% |
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 Turnover0.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.83 | ||
| Debt/FCF | 3.49 | ||
| Debt/EBITDA | 2.91 | ||
| Cap/Depr | 52.42% | ||
| Cap/Sales | 1.62% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 92.8% | ||
| Profit Quality | 174.12% | ||
| Current Ratio | 4.39 | ||
| Quick Ratio | 3.28 | ||
| Altman-Z | 3.33 |
F-Score8
WACC8.14%
ROIC/WACC1.08
Cap/Depr(3y)51.48%
Cap/Depr(5y)67%
Cap/Sales(3y)1.74%
Cap/Sales(5y)2%
Profit Quality(3y)171.89%
Profit Quality(5y)166.84%
High Growth Momentum
Growth
EPS 1Y (TTM)13.5%
EPS 3Y19.62%
EPS 5Y11.52%
EPS Q2Q%33.55%
EPS Next Y21.24%
EPS Next 2Y20.72%
EPS Next 3Y25.26%
EPS Next 5YN/A
Revenue 1Y (TTM)5.06%
Revenue growth 3Y25.87%
Revenue growth 5Y12.69%
Sales Q2Q%0.01%
Revenue Next Year1.27%
Revenue Next 2Y3.9%
Revenue Next 3Y8.17%
Revenue Next 5YN/A
EBIT growth 1Y16.05%
EBIT growth 3Y28%
EBIT growth 5Y11.76%
EBIT Next Year55.01%
EBIT Next 3Y25.95%
EBIT Next 5YN/A
FCF growth 1Y17.23%
FCF growth 3Y37.54%
FCF growth 5Y20.29%
OCF growth 1Y18.33%
OCF growth 3Y34.22%
OCF growth 5Y18.45%