Market Cap
US$2.4b
Last Updated
2021/01/23 23:23 UTC
Data Sources
Company Financials +
Executive Summary
FirstCash, Inc., together with its subsidiaries, operates retail pawn stores in the United States and Latin America. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has FirstCash's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FCFS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FCFS's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-1.8%
FCFS
-0.05%
US Consumer Finance
2.3%
US Market
1 Year Return
-32.4%
FCFS
1.0%
US Consumer Finance
23.8%
US Market
Return vs Industry: FCFS underperformed the US Consumer Finance industry which returned 1% over the past year.
Return vs Market: FCFS underperformed the US Market which returned 23.7% over the past year.
Shareholder returns
| FCFS | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | -0.05% | 2.3% |
| 30 Day | -16.6% | 8.3% | 4.8% |
| 90 Day | 3.4% | 25.8% | 14.5% |
| 1 Year | -31.3%-32.4% | 3.4%1.0% | 26.6%23.8% |
| 3 Year | -16.8%-19.9% | 14.6%8.5% | 45.0%35.4% |
| 5 Year | 75.6%64.5% | 110.2%92.4% | 126.2%101.0% |
Long-Term Price Volatility Vs. Market
How volatile is FirstCash's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Did FirstCash's (NASDAQ:FCFS) Share Price Deserve to Gain 63%?1 month ago | Simply Wall St
How Much Does FirstCash's (NASDAQ:FCFS) CEO Make?2 months ago | Simply Wall St
FirstCash, Inc. (NASDAQ:FCFS) Passed Our Checks, And It's About To Pay A US$0.27 DividendValuation
Is FirstCash undervalued compared to its fair value and its price relative to the market?
19.09x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FCFS ($58.41) is trading above our estimate of fair value ($48.83)
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 (19.1x) compared to the US Consumer Finance industry average (12.8x).
PE vs Market: FCFS is good value based on its PE Ratio (19.1x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: FCFS is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: FCFS is overvalued based on its PB Ratio (1.9x) compared to the US Consumer Finance industry average (1.4x).
Next Steps
Future Growth
How is FirstCash forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
13.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCFS's forecast earnings growth (13.1% per year) is above the savings rate (2%).
Earnings vs Market: FCFS's earnings (13.1% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: FCFS's earnings are forecast to grow, but not significantly.
Revenue vs Market: FCFS's revenue (3% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: FCFS's revenue (3% 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 (11.5%).
Next Steps
Past Performance
How has FirstCash performed over the past 5 years?
21.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCFS has high quality earnings.
Growing Profit Margin: FCFS's current net profit margins (7.4%) are lower than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: FCFS's earnings have grown significantly by 21% 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 (-19.3%) over the past year, making it difficult to compare to the Consumer Finance industry average (-19.3%).
Return on Equity
High ROE: FCFS's Return on Equity (10.3%) is considered low.
Next Steps
Financial Health
How is FirstCash's financial position?
Financial Position Analysis
Short Term Liabilities: FCFS's short term assets ($572.7M) exceed its short term liabilities ($201.3M).
Long Term Liabilities: FCFS's short term assets ($572.7M) do not cover its long term liabilities ($790.2M).
Debt to Equity History and Analysis
Debt Level: FCFS's debt to equity ratio (42.8%) is considered high.
Reducing Debt: FCFS's debt to equity ratio has reduced from 61% to 42.8% over the past 5 years.
Debt Coverage: FCFS's debt is well covered by operating cash flow (46%).
Interest Coverage: FCFS's interest payments on its debt are well covered by EBIT (7.7x coverage).
Balance Sheet
Next Steps
Dividend
What is FirstCash current dividend yield, its reliability and sustainability?
1.85%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCFS's dividend (1.85%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: FCFS's dividend (1.85%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.3%), 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 (30.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.7yrs
Average management tenure
CEO
Rick Wessel (61 yo)
14.17yrs
Tenure
US$7,429,721
Compensation
Mr. Rick L. Wessel has been Vice Chairman of FirstCash, Inc. (formerly First Cash Financial Services Inc) since September 1, 2016 and as its Chief Executive Officer since November 7, 2006. Mr. Wessel serve...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD7.43M) is above average for companies of similar size in the US market ($USD5.01M).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & CEO | 14.17yrs | US$7.43m | 1.86% $ 45.0m | |
| President & COO | 4.33yrs | US$3.17m | 0.057% $ 1.4m | |
| Executive VP | 18yrs | US$3.05m | 0.34% $ 8.1m | |
| General Counsel | 6yrs | US$1.31m | 0.0092% $ 223.2k | |
| Senior Vice President of Latin American Operations | 7.67yrs | US$1.45m | 0.087% $ 2.1m | |
| Investor Relations-Global IR Group | no data | no data | no data | |
| Senior Vice President of Compliance & Government Relations | 6yrs | US$465.00k | no data | |
| Senior Vice President of Store Development & Facilities | 7.67yrs | US$755.00k | no data |
7.7yrs
Average Tenure
54yo
Average Age
Experienced Management: FCFS's management team is seasoned and experienced (7.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Vice Chairman & CEO | 14.17yrs | US$7.43m | 1.86% $ 45.0m | |
| Independent Director | 4.33yrs | US$230.49k | 0.041% $ 997.3k | |
| Chairman of the Board | 4.33yrs | US$250.00k | 0.24% $ 5.9m | |
| Lead Independent Director | 3.25yrs | US$220.49k | 0.015% $ 366.7k | |
| Independent Director | 4.33yrs | US$210.49k | 0.051% $ 1.2m | |
| Independent Director | 11.25yrs | US$225.49k | 0.011% $ 267.2k | |
| Independent Director | no data | no data | no data |
4.3yrs
Average Tenure
67.5yo
Average Age
Experienced Board: FCFS's board of directors are considered experienced (4.3 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 company bio, 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$2.421b
- Shares outstanding: 41.44m
- Website: https://www.firstcash.com
Number of Employees
Location
- FirstCash, Inc.
- 1600 West 7th Street
- Fort Worth
- Texas
- 76102
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FCFS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 1991 |
| FCFS * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jun 1991 |
| FF6 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1991 |
Biography
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 jew...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 23:23 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.