World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. More Details
Excellent balance sheet with poor track record.
Share Price & News
How has World Acceptance's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WRLD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: WRLD's weekly volatility (8%) has been stable over the past year.
7 Day Return
US Consumer Finance
1 Year Return
US Consumer Finance
Return vs Industry: WRLD exceeded the US Consumer Finance industry which returned 4.5% over the past year.
Return vs Market: WRLD exceeded the US Market which returned 21% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is World Acceptance's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StShould You Be Tempted To Sell World Acceptance Corporation (NASDAQ:WRLD) Because Of Its P/E Ratio?
1 year ago | Simply Wall StWorld Acceptance (NASDAQ:WRLD) Shareholders Have Enjoyed An Impressive 194% Share Price Gain
1 year ago | Simply Wall StWorld Acceptance Corporation (NASDAQ:WRLD): Can Growth Justify Its March Share Price?
Is World Acceptance 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: WRLD ($141.05) is trading above our estimate of fair value ($81.89)
Significantly Below Fair Value: WRLD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WRLD is poor value based on its PE Ratio (21.5x) compared to the US Consumer Finance industry average (12.6x).
PE vs Market: WRLD is poor value based on its PE Ratio (21.5x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: WRLD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: WRLD is overvalued based on its PB Ratio (2.4x) compared to the US Consumer Finance industry average (1.4x).
How is World Acceptance forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WRLD's earnings are forecast to decline over the next 3 years (-7.5% per year).
Earnings vs Market: WRLD's earnings are forecast to decline over the next 3 years (-7.5% per year).
High Growth Earnings: WRLD's earnings are forecast to decline over the next 3 years.
Revenue vs Market: WRLD's revenue (3.7% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: WRLD's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WRLD's Return on Equity is forecast to be low in 3 years time (11.3%).
How has World Acceptance performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WRLD has high quality earnings.
Growing Profit Margin: WRLD's current net profit margins (8.2%) are lower than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: WRLD's earnings have declined by 17.5% per year over the past 5 years.
Accelerating Growth: WRLD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WRLD had negative earnings growth (-16.8%) over the past year, making it difficult to compare to the Consumer Finance industry average (-19.3%).
Return on Equity
High ROE: WRLD's Return on Equity (12.5%) is considered low.
How is World Acceptance's financial position?
Financial Position Analysis
Short Term Liabilities: WRLD's short term assets ($725.2M) exceed its short term liabilities ($57.2M).
Long Term Liabilities: WRLD's short term assets ($725.2M) exceed its long term liabilities ($507.8M).
Debt to Equity History and Analysis
Debt Level: WRLD's debt to equity ratio (115.7%) is considered high.
Reducing Debt: WRLD's debt to equity ratio has reduced from 141.2% to 115.7% over the past 5 years.
Debt Coverage: WRLD's debt is well covered by operating cash flow (51.6%).
Interest Coverage: WRLD's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is World Acceptance current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WRLD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WRLD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WRLD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WRLD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WRLD's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ravin Prashad (38 yo)
Mr. Ravin Chad Prashad has been President and Chief Executive Officer of World Acceptance Corporation since June 27, 2018, served as its Senior Vice President and Chief Strategy & Analytics Officer since F...
CEO Compensation Analysis
Compensation vs Market: Ravin's total compensation ($USD932.18K) is below average for companies of similar size in the US market ($USD2.38M).
Compensation vs Earnings: Ravin's compensation has been consistent with company performance over the past year.
|Executive VP||7.08yrs||US$549.50k||0.82% |
|Senior VP||2.42yrs||US$370.83k||0.41% |
|Senior Vice President of Human Resources||no data||US$327.97k||0.26% |
|Executive VP & Chief Branch Operations Officer||15.58yrs||US$541.58k||0.73% |
|Senior Vice President of Accounting||2.25yrs||no data||0.26% |
|Vice President of Marketing||no data||no data||no data|
|Senior Vice President of Western Division||13.5yrs||US$4.31m||0.85% |
|Senior Vice President of Mexico Operations||4.58yrs||no data||no data|
|Senior Vice President of South Eastern Division||4.33yrs||US$4.24m||0.65% |
|Senior Vice President of Information Technology||2.25yrs||US$4.21m||0.24% |
|Senior Vice President of Strategy & Analytics||1.83yrs||no data||no data|
Experienced Management: WRLD's management team is considered experienced (3.5 years average tenure).
|Chairman Emeritus||no data||US$19.37k||no data|
|Independent Director||29.33yrs||US$55.00k||0.25% |
|Independent Chairman of the Board||5.33yrs||US$50.00k||0.65% |
|Independent Director||9.42yrs||US$40.00k||0.51% |
|Independent Director||12.67yrs||US$40.00k||0.15% |
Experienced Board: WRLD's board of directors are considered experienced (9.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: WRLD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
World Acceptance Corporation's company bio, employee growth, exchange listings and data sources
- Name: World Acceptance Corporation
- Ticker: WRLD
- Exchange: NasdaqGS
- Founded: 1962
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: US$876.488m
- Shares outstanding: 6.21m
- Website: https://www.loansbyworld.com
Number of Employees
- World Acceptance Corporation
- 104 S. Main Street
- South Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|WRLD||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 1991|
|WOA||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 1991|
World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, r...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/16 00:53|
|End of Day Share Price||2021/01/15 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.