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FCFS

FirstCashNasdaqGS:FCFS Stock Report

Market Cap

US$3.6b

7D

3.7%

1Y

47.2%

Updated

19 Oct, 2021

Data

Company Financials +
FCFS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends3/6

FCFS Overview

FirstCash, Inc., together with its subsidiaries, operates retail pawn stores in the United States and Latin America.

FirstCash Competitors

Credit Acceptance

NasdaqGS:CACC

US$9.9b

Green Dot

NYSE:GDOT

US$2.4b

Regional Management

NYSE:RM

US$595.1m

EZCORP

NasdaqGS:EZPW

US$443.4m

Price History & Performance

Summary of all time highs, changes and price drops for FirstCash
Historical stock prices
Current Share PriceUS$89.40
52 Week HighUS$51.15
52 Week LowUS$89.79
Beta0.78
1 Month Change1.13%
3 Month Change13.11%
1 Year Change47.23%
3 Year Change13.55%
5 Year Change86.64%
Change since IPO3,536.61%

Recent News & Updates

Aug 01

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.

Shareholder Returns

FCFSUS Consumer FinanceUS Market
7D3.7%2.5%4.0%
1Y47.2%79.4%30.5%

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.

Price Volatility

Is FCFS's price volatile compared to industry and market?
FCFS volatility
FCFS Beta0.78
Industry Beta1.47
Market Beta1

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

FoundedEmployeesCEOWebsite
198817,000Rick Wesselhttps://www.firstcash.com

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

How do FirstCash's earnings and revenue compare to its market cap?
FCFS fundamental statistics
Market CapUS$3.62b
Earnings (TTM)US$109.93m
Revenue (TTM)US$1.55b

32.9x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FCFS income statement (TTM)
RevenueUS$1.55b
Cost of RevenueUS$663.03m
Gross ProfitUS$886.54m
ExpensesUS$776.61m
EarningsUS$109.93m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 20, 2021

Earnings per share (EPS)2.72
Gross Margin57.21%
Net Profit Margin7.09%
Debt/Equity Ratio50.8%

How did FCFS perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

42%

Payout Ratio

Valuation

Is FirstCash undervalued compared to its fair value and its price relative to the market?

32.9x

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).


Future Growth

How is FirstCash forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

12.2%

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%).


Past Performance

How has FirstCash performed over the past 5 years?

10.4%

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.


Financial Health

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).


Balance Sheet


Dividend

What is FirstCash current dividend yield, its reliability and sustainability?

1.34%

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.4yrs

Average management tenure


CEO

Rick Wessel (62 yo)

14.92yrs

Tenure

US$10,488,603

Compensation

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.


Leadership Team

Experienced Management: FCFS's management team is seasoned and experienced (8.4 years average tenure).


Board Members

Experienced Board: FCFS's board of directors are considered experienced (5.1 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FirstCash, Inc.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • FirstCash, Inc.
  • 1600 West 7th Street
  • Fort Worth
  • Texas
  • 76102
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 23:37
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.