Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and captive finance companies of original equipment manufacturers in the United States.
Open Lending Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$33.24|
|52 Week High||US$24.67|
|52 Week Low||US$44.00|
|1 Month Change||-13.51%|
|3 Month Change||-9.60%|
|1 Year Change||22.43%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||157.67%|
Recent News & Updates
Open Lending Corporation Just Beat EPS By 245%: Here's What Analysts Think Will Happen Next
A week ago, Open Lending Corporation ( NASDAQ:LPRO ) came out with a strong set of quarterly numbers that could...
|LPRO||US Capital Markets||US Market|
Return vs Industry: LPRO underperformed the US Capital Markets industry which returned 64% over the past year.
Return vs Market: LPRO underperformed the US Market which returned 30.3% over the past year.
Stable Share Price: LPRO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: LPRO's weekly volatility (7%) has been stable over the past year.
About the Company
Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and captive finance companies of original equipment manufacturers in the United States. It offers Lenders Protection Program (LPP), which is a Software as a Service platform that facilitates loan decision making and automated underwriting by third-party lenders and the issuance of credit default insurance through third-party insurance providers. The company’s LPP products include loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders.
Open Lending Fundamentals Summary
|LPRO fundamental statistics|
Is LPRO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LPRO income statement (TTM)|
|Cost of Revenue||US$12.97m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.26|
|Net Profit Margin||18.85%|
How did LPRO perform over the long term?See historical performance and comparison
Is Open Lending 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: LPRO ($33.24) is trading above our estimate of fair value ($1.47)
Significantly Below Fair Value: LPRO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LPRO is poor value based on its PE Ratio (127.5x) compared to the US Capital Markets industry average (16.5x).
PE vs Market: LPRO is poor value based on its PE Ratio (127.5x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: LPRO is poor value based on its PEG Ratio (6.2x)
Price to Book Ratio
PB vs Industry: LPRO is good value based on its PB Ratio (43.2x) compared to the US Capital Markets industry average (61.3x).
How is Open Lending forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LPRO's forecast earnings growth (20.5% per year) is above the savings rate (2%).
Earnings vs Market: LPRO's earnings (20.5% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LPRO's revenue (25.9% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: LPRO's revenue (25.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LPRO's Return on Equity is forecast to be very high in 3 years time (58.9%).
How has Open Lending performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LPRO has a large one-off loss of $34.3M impacting its June 30 2021 financial results.
Growing Profit Margin: LPRO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: LPRO has become profitable over the past 5 years, growing earnings by -13.6% per year.
Accelerating Growth: LPRO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: LPRO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (77.6%).
Return on Equity
High ROE: Whilst LPRO's Return on Equity (33.89%) is high, this metric is skewed due to their high level of debt.
How is Open Lending's financial position?
Financial Position Analysis
Short Term Liabilities: LPRO's short term assets ($133.8M) exceed its short term liabilities ($14.6M).
Long Term Liabilities: LPRO's short term assets ($133.8M) do not cover its long term liabilities ($149.4M).
Debt to Equity History and Analysis
Debt Level: LPRO's debt to equity ratio (152.1%) is considered high.
Reducing Debt: Insufficient data to determine if LPRO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: LPRO's debt is well covered by operating cash flow (30.9%).
Interest Coverage: LPRO's interest payments on its debt are well covered by EBIT (10.2x coverage).
What is Open Lending current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LPRO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LPRO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LPRO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LPRO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LPRO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Flynn (65 yo)
Mr. John Joseph Flynn serves as the Chief Executive Officer of Open Lending Corporation since April 2000 and served as its President since April 2000 until August 28, 2020. He served as Member of its Board...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD4.40M) is about average for companies of similar size in the US market ($USD5.18M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Experienced Management: LPRO's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: LPRO's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.1%.
Open Lending Corporation's employee growth, exchange listings and data sources
- Name: Open Lending Corporation
- Ticker: LPRO
- Exchange: NasdaqGM
- Founded: 2000
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: US$4.195b
- Shares outstanding: 126.19m
- Website: https://www.openlending.com
Number of Employees
- Open Lending Corporation
- 1501 South Mopac Expressway
- Suite 450
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/24 22:17|
|End of Day Share Price||2021/10/22 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.