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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
FCFS had positive earnings in the past year.
In the past year FCFS had a positive cash flow from operations.
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 5.78%, FCFS belongs to the top of the industry, outperforming 81.13% of the companies in the same industry.
FCFS has a Return On Equity (12.60%) which is comparable to the rest of the industry.
FCFS has a Return On Invested Capital of 8.20%. This is amongst the best in the industry. FCFS outperforms 81.13% of its industry peers.
FCFS had an Average Return On Invested Capital over the past 3 years of 7.96%. This is in line with the industry average of 7.73%.
The 3 year average ROIC (7.96%) for FCFS is below the current ROIC(8.20%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.78% | ||
| ROE | 12.6% | ||
| ROIC | 8.2% |
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 of 7.64%. This is comparable to the rest of the industry: FCFS outperforms 45.28% of its industry peers.
FCFS's Profit Margin has declined in the last couple of years.
FCFS's Operating Margin of 13.31% is fine compared to the rest of the industry. FCFS outperforms 62.26% of its industry peers.
FCFS's Operating Margin has been stable in the last couple of years.
FCFS has a Gross Margin (48.09%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of FCFS has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.31% | ||
| PM (TTM) | 7.64% | ||
| GM | 48.09% |
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
FCFS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, FCFS has less shares outstanding
The number of shares outstanding for FCFS has been increased compared to 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 3.10. This indicates that FCFS is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 3.10, FCFS belongs to the best of the industry, outperforming 88.68% of the companies in the same industry.
The Debt to FCF ratio of FCFS is 3.67, which is a good value as it means it would take FCFS, 3.67 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FCFS (3.67) is better than 69.81% of its industry peers.
A Debt/Equity ratio of 0.84 indicates that FCFS is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.84, FCFS is in the better half of the industry, outperforming 62.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 3.67 | ||
| Altman-Z | 3.1 |
ROIC/WACC1.05
WACC7.78%
2.3 Liquidity
FCFS has a Current Ratio of 4.14. This indicates that FCFS is financially healthy and has no problem in meeting its short term obligations.
FCFS's Current ratio of 4.14 is amongst the best of the industry. FCFS outperforms 84.91% of its industry peers.
A Quick Ratio of 3.15 indicates that FCFS has no problem at all paying its short term obligations.
FCFS has a better Quick ratio (3.15) than 79.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.14 | ||
| Quick Ratio | 3.15 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.54% over the past year.
The Earnings Per Share has been growing by 11.52% on average over the past years. This is quite good.
The Revenue has been growing slightly by 7.51% 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)10.54%
EPS 3Y19.62%
EPS 5Y11.52%
EPS Q2Q%3.92%
Revenue 1Y (TTM)7.51%
Revenue growth 3Y25.87%
Revenue growth 5Y12.69%
Sales Q2Q%3.72%
3.2 Future
Based on estimates for the next years, FCFS will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.31% on average per year.
Based on estimates for the next years, FCFS will show a small growth in Revenue. The Revenue will grow by 4.36% on average per year.
EPS Next Y16.21%
EPS Next 2Y16.59%
EPS Next 3Y13.31%
EPS Next 5YN/A
Revenue Next Year0.09%
Revenue Next 2Y2.73%
Revenue Next 3Y4.36%
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 stable.
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
With a Price/Earnings ratio of 17.20, 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.
When comparing the Price/Earnings ratio of FCFS to the average of the S&P500 Index (29.35), we can say FCFS is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 14.80, the valuation of FCFS can be described as correct.
FCFS's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of FCFS to the average of the S&P500 Index (22.10), we can say FCFS is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.2 | ||
| Fwd PE | 14.8 |
4.2 Price Multiples
69.81% of the companies in the same industry are more expensive than FCFS, based on the Enterprise Value to EBITDA ratio.
FCFS's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.95 | ||
| EV/EBITDA | 12.09 |
4.3 Compensation for Growth
FCFS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct 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 13.31% in the coming years.
PEG (NY)1.06
PEG (5Y)1.49
EPS Next 2Y16.59%
EPS Next 3Y13.31%
5. Dividend
5.1 Amount
FCFS has a Yearly Dividend Yield of 1.32%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.14, FCFS has a dividend in line with its industry peers.
With a Dividend Yield of 1.32, FCFS pays less dividend than the S&P500 average, which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
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.
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 25.41% 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.
DP25.41%
EPS Next 2Y16.59%
EPS Next 3Y13.31%
115.42
+0.08 (+0.07%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryConsumer Finance
Earnings (Last)
Earnings (Next)
Inst Owners85.61%
Inst Owner Change-1.3%
Ins Owners3.04%
Ins Owner Change8.21%
Market Cap5.17B
Analysts81.67
Price Target140.15 (21.43%)
Short Float %1.74%
Short Ratio2.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.32% |
Yearly Dividend1.46
Dividend Growth(5Y)7.4%
DP25.41%
Div Incr Years8
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.09%
Min EPS beat(2)0.98%
Max EPS beat(2)3.21%
EPS beat(4)3
Avg EPS beat(4)1.45%
Min EPS beat(4)-0.29%
Max EPS beat(4)3.21%
EPS beat(8)7
Avg EPS beat(8)4.93%
EPS beat(12)11
Avg EPS beat(12)6.43%
EPS beat(16)15
Avg EPS beat(16)8.79%
Revenue beat(2)0
Avg Revenue beat(2)-3.1%
Min Revenue beat(2)-3.47%
Max Revenue beat(2)-2.73%
Revenue beat(4)0
Avg Revenue beat(4)-2.63%
Min Revenue beat(4)-3.47%
Max Revenue beat(4)-1.23%
Revenue beat(8)3
Avg Revenue beat(8)-1.11%
Revenue beat(12)4
Avg Revenue beat(12)-0.94%
Revenue beat(16)7
Avg Revenue beat(16)0.4%
PT rev (1m)2.38%
PT rev (3m)1.63%
EPS NQ rev (1m)-0.57%
EPS NQ rev (3m)-2.08%
EPS NY rev (1m)-3.22%
EPS NY rev (3m)-3.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-3.45%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-4.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.2 | ||
| Fwd PE | 14.8 | ||
| P/S | 1.52 | ||
| P/FCF | 10.95 | ||
| P/OCF | 9.57 | ||
| P/B | 2.51 | ||
| P/tB | 135.47 | ||
| EV/EBITDA | 12.09 |
EPS(TTM)6.71
EY5.81%
EPS(NY)7.8
Fwd EY6.76%
FCF(TTM)10.54
FCFY9.13%
OCF(TTM)12.06
OCFY10.45%
SpS75.7
BVpS45.89
TBVpS0.85
PEG (NY)1.06
PEG (5Y)1.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.78% | ||
| ROE | 12.6% | ||
| ROCE | 10.9% | ||
| ROIC | 8.2% | ||
| ROICexc | 8.56% | ||
| ROICexgc | 17.42% | ||
| OM | 13.31% | ||
| PM (TTM) | 7.64% | ||
| GM | 48.09% | ||
| FCFM | 13.92% |
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 Turnover0.76
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 3.67 | ||
| Debt/EBITDA | 3.11 | ||
| Cap/Depr | 65.03% | ||
| Cap/Sales | 2.01% | ||
| Interest Coverage | 4.95 | ||
| Cash Conversion | 97.14% | ||
| Profit Quality | 182.26% | ||
| Current Ratio | 4.14 | ||
| Quick Ratio | 3.15 | ||
| Altman-Z | 3.1 |
F-Score8
WACC7.78%
ROIC/WACC1.05
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)10.54%
EPS 3Y19.62%
EPS 5Y11.52%
EPS Q2Q%3.92%
EPS Next Y16.21%
EPS Next 2Y16.59%
EPS Next 3Y13.31%
EPS Next 5YN/A
Revenue 1Y (TTM)7.51%
Revenue growth 3Y25.87%
Revenue growth 5Y12.69%
Sales Q2Q%3.72%
Revenue Next Year0.09%
Revenue Next 2Y2.73%
Revenue Next 3Y4.36%
Revenue Next 5YN/A
EBIT growth 1Y15.31%
EBIT growth 3Y28%
EBIT growth 5Y11.76%
EBIT Next Year52.78%
EBIT Next 3Y23.81%
EBIT Next 5YN/A
FCF growth 1Y32.51%
FCF growth 3Y37.54%
FCF growth 5Y20.29%
OCF growth 1Y29.75%
OCF growth 3Y34.22%
OCF growth 5Y18.45%