Cash Converters International Valuation

Q: What is the Fair Price of CCV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CCV (A$0.23) is trading above our estimate of [[fair value]] (A$0.16)

Is CCV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CCV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CCV (A$0.23) is trading above our estimate of fair value (A$0.16)

Significantly Below Fair Value: CCV is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CCV?

Key metric: As CCV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CCV. This is calculated by dividing CCV's market cap by their current earnings.
What is CCV's PE Ratio?
PE Ratio	8.3x
Earnings	AU$17.40m
Market Cap	AU$143.59m

CCV key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	0.4x

Price to Earnings Ratio vs Peers

How does CCV's PE Ratio compare to its peers?

The above table shows the PE ratio for CCV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	59x
SVR Solvar	14.9x	21.4%	AU$254.0m
FSA FSA Group	13.4x	n/a	AU$98.3m
MME MoneyMe	4.2x	4.2%	AU$95.4m
HUM Humm Group	203.5x	23.9%	AU$386.7m
CCV Cash Converters International	8.3x	23.0%	AU$143.6m

Price-To-Earnings vs Peers: CCV is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (59x).

Price to Earnings Ratio vs Industry

How does CCV's PE Ratio compare vs other companies in the Global Consumer Finance Industry?

6 Companies	Price / Earnings	Estimated Growth	Market Cap

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CCV is good value based on its Price-To-Earnings Ratio (8.3x) compared to the Global Consumer Finance industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is CCV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CCV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.3x
Fair PE Ratio	16.6x

Price-To-Earnings vs Fair Ratio: CCV is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (16.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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