EZCORP, Inc.

DB:EZ2A Stock Report

Market Cap: €646.5m

EZCORP Valuation

Is EZ2A undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 EZ2A when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EZ2A (€11.9) is trading above our estimate of fair value (€10.82)

Significantly Below Fair Value: EZ2A is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EZ2A?

Key metric: As EZ2A is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EZ2A. This is calculated by dividing EZ2A's market cap by their current earnings.
What is EZ2A's PE Ratio?
PE Ratio8.3x
EarningsUS$83.10m
Market CapUS$683.00m

Price to Earnings Ratio vs Peers

How does EZ2A's PE Ratio compare to its peers?

The above table shows the PE ratio for EZ2A vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.5x
OT8 Eleving Group
9.3x29.7%€190.9m
E4I Multitude
9.4x19.8%€103.6m
MLP MLP
9.9x8.3%€640.5m
GLJ Grenke
9.4x25.2%€698.9m
EZ2A EZCORP
8.3x10.3%€683.0m

Price-To-Earnings vs Peers: EZ2A is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (9.5x).

Price to Earnings Ratio vs Industry

How does EZ2A's PE Ratio compare vs other companies in the European Consumer Finance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
EZ2A 8.3xIndustry Avg. 9.1xNo. of Companies4PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: EZ2A is good value based on its Price-To-Earnings Ratio (8.3x) compared to the European Consumer Finance industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is EZ2A'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.

EZ2A PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.3x
Fair PE Ratio12.9x

Price-To-Earnings vs Fair Ratio: EZ2A is good value based on its Price-To-Earnings Ratio (8.3x) compared to the estimated Fair Price-To-Earnings Ratio (12.9x).

Analyst Price Targets

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

The above table shows the analyst EZ2A forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€11.90
€15.04
+26.4%
14.7%€18.05€12.82n/a3
Nov ’25€10.50
€15.70
+49.5%
11.8%€17.55€13.85n/a2
Oct ’25€10.00
€15.36
+53.6%
11.8%€17.16€13.55n/a2
Sep ’25€10.60
€15.75
+48.6%
11.8%€17.61€13.90n/a2
Aug ’25€9.60
€15.75
+64.1%
11.8%€17.61€13.90n/a2
Jul ’25€9.65
€14.51
+50.4%
9.7%€15.92€13.11n/a2
Jun ’25€9.45
€14.45
+52.9%
9.7%€15.85€13.05n/a2
May ’25€10.40
€15.06
+44.8%
12.5%€16.95€13.18n/a2
Apr ’25€10.20
€14.36
+40.8%
9.7%€15.75€12.97n/a2
Mar ’25€9.65
€14.36
+48.8%
9.7%€15.75€12.97n/a2
Feb ’25€9.00
€13.69
+52.1%
3.4%€14.16€13.22n/a2
Jan ’25€7.85
€13.69
+74.4%
3.4%€14.16€13.22n/a2
Dec ’24€7.45
€13.69
+83.8%
3.4%€14.16€13.22n/a2
Nov ’24€7.70
€13.69
+77.8%
3.4%€14.16€13.22€10.502
Oct ’24€7.55
€12.40
+64.2%
9.1%€13.61€10.89€10.003
Sep ’24€7.70
€12.40
+61.0%
9.1%€13.61€10.89€10.603
Aug ’24€8.15
€12.40
+52.1%
9.1%€13.61€10.89€9.603
Jul ’24€7.60
€12.40
+63.2%
9.1%€13.61€10.89€9.653
Jun ’24€7.75
€12.40
+60.0%
9.1%€13.61€10.89€9.453
May ’24€7.90
€12.35
+56.3%
9.4%€13.89€11.12€10.403
Apr ’24€7.75
€12.35
+59.4%
9.4%€13.89€11.12€10.203
Mar ’24€8.30
€12.35
+48.8%
9.4%€13.89€11.12€9.653
Feb ’24€8.30
€12.05
+45.1%
6.3%€12.97€11.12€9.003
Jan ’24€7.65
€11.90
+55.5%
3.8%€12.54€11.58€7.853
Dec ’23€9.55
€11.90
+24.6%
3.8%€12.54€11.58€7.453
Nov ’23€9.75
€11.46
+17.5%
4.0%€11.79€10.80€7.703

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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