FirstCash, Inc., together with its subsidiaries, operates retail pawn stores in the United States and Latin America.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$89.40|
|52 Week High||US$51.15|
|52 Week Low||US$89.79|
|1 Month Change||1.13%|
|3 Month Change||13.11%|
|1 Year Change||47.23%|
|3 Year Change||13.55%|
|5 Year Change||86.64%|
|Change since IPO||3,536.61%|
Recent News & Updates
FirstCash On A Recovery Trajectory, With Attractive Long-Term Opportunities
FirstCash's second quarter earnings beat on the revenue, operating income, and net income lines, albeit with a wider-than average estimate spread, with strong retail results and improving loan demand. U.S. pawn loan demand is normalizing, but the change in child tax credits could once again create pressure on loan demand. Operations in Latin America are likewise normalizing. FirstCash may have more growth opportunities in the U.S. as smaller operators look to exit, but expansion in Latin America remains far and away the major growth driver. Long-term core revenue growth of 6% and modest incremental FCF margin leverage can drive a roughly 10% long-term annualized expected return, but elevated uncertainties remain.
|FCFS||US Consumer Finance||US Market|
Return vs Industry: FCFS underperformed the US Consumer Finance industry which returned 79.2% over the past year.
Return vs Market: FCFS exceeded the US Market which returned 30% over the past year.
Stable Share Price: FCFS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: FCFS's weekly volatility (3%) has been stable over the past year.
About the Company
FirstCash, Inc., together with its subsidiaries, operates retail pawn stores in the United States and Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers. The company is also involved in melting scrap jewelry, as well as sells gold, silver, and diamonds in commodity markets.
FirstCash Fundamentals Summary
|FCFS fundamental statistics|
Is FCFS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FCFS income statement (TTM)|
|Cost of Revenue||US$663.03m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 20, 2021
|Earnings per share (EPS)||2.72|
|Net Profit Margin||7.09%|
How did FCFS perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Is FirstCash undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FCFS ($89.4) is trading above our estimate of fair value ($57.52)
Significantly Below Fair Value: FCFS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FCFS is poor value based on its PE Ratio (32.9x) compared to the US Consumer Finance industry average (8x).
PE vs Market: FCFS is poor value based on its PE Ratio (32.9x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: FCFS is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: FCFS is overvalued based on its PB Ratio (2.8x) compared to the US Consumer Finance industry average (1.7x).
How is FirstCash forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCFS's forecast earnings growth (12.2% per year) is above the savings rate (2%).
Earnings vs Market: FCFS's earnings (12.2% per year) are forecast to grow slower than the US market (15.1% per year).
High Growth Earnings: FCFS's earnings are forecast to grow, but not significantly.
Revenue vs Market: FCFS's revenue (6.9% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: FCFS's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FCFS's Return on Equity is forecast to be low in 3 years time (12.4%).
How has FirstCash performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCFS has high quality earnings.
Growing Profit Margin: FCFS's current net profit margins (7.1%) are lower than last year (8.1%).
Past Earnings Growth Analysis
Earnings Trend: FCFS's earnings have grown by 10.4% per year over the past 5 years.
Accelerating Growth: FCFS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FCFS had negative earnings growth (-25.6%) over the past year, making it difficult to compare to the Consumer Finance industry average (126.5%).
Return on Equity
High ROE: FCFS's Return on Equity (8.5%) is considered low.
How is FirstCash's financial position?
Financial Position Analysis
Short Term Liabilities: FCFS's short term assets ($638.4M) exceed its short term liabilities ($237.2M).
Long Term Liabilities: FCFS's short term assets ($638.4M) do not cover its long term liabilities ($928.4M).
Debt to Equity History and Analysis
Debt Level: FCFS's debt to equity ratio (50.8%) is considered high.
Reducing Debt: FCFS's debt to equity ratio has reduced from 56.3% to 50.8% over the past 5 years.
Debt Coverage: FCFS's debt is well covered by operating cash flow (29.4%).
Interest Coverage: FCFS's interest payments on its debt are well covered by EBIT (7x coverage).
What is FirstCash current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCFS's dividend (1.34%) is higher than the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: FCFS's dividend (1.34%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FCFS has been paying a dividend for less than 10 years.
Growing Dividend: FCFS's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.5%), FCFS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FCFS's dividends in 3 years are forecast to be well covered by earnings (43.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rick Wessel (62 yo)
Mr. Rick L. Wessel has been Vice Chairman of FirstCash, Inc. (formerly First Cash Financial Services Inc) since September 1, 2016 and as its Chief Executive Officer since November 7, 2006. Mr. Wessel serve...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD10.49M) is above average for companies of similar size in the US market ($USD5.21M).
Compensation vs Earnings: Rick's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: FCFS's management team is seasoned and experienced (8.4 years average tenure).
Experienced Board: FCFS's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
FirstCash, Inc.'s employee growth, exchange listings and data sources
- Name: FirstCash, Inc.
- Ticker: FCFS
- Exchange: NasdaqGS
- Founded: 1988
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: US$3.616b
- Shares outstanding: 40.45m
- Website: https://www.firstcash.com
Number of Employees
- FirstCash, Inc.
- 1600 West 7th Street
- Fort Worth
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 23:37|
|End of Day Share Price||2021/10/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.