NYSE:ELVT

Stock Analysis Report

Executive Summary

Elevate Credit, Inc. provides online credit solutions to non-prime consumers in the United States and the United Kingdom.


Snowflake Analysis

Very undervalued with solid track record.


Similar Companies

Share Price & News

How has Elevate Credit's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ELVT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-13.4%

ELVT

-14.7%

US Consumer Finance

-11.2%

US Market


1 Year Return

-25.2%

ELVT

-5.4%

US Consumer Finance

4.1%

US Market

Return vs Industry: ELVT underperformed the US Consumer Finance industry which returned -5.4% over the past year.

Return vs Market: ELVT underperformed the US Market which returned 4.1% over the past year.


Shareholder returns

ELVTIndustryMarket
7 Day-13.4%-14.7%-11.2%
30 Day-43.3%-14.6%-9.5%
90 Day-20.5%-12.1%-5.4%
1 Year-25.2%-25.2%-3.7%-5.4%6.2%4.1%
3 Yearn/a19.2%13.3%30.3%21.9%
5 Yearn/a25.1%15.9%55.0%38.0%

Price Volatility Vs. Market

How volatile is Elevate Credit's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ELVT ($3.3) is trading below our estimate of fair value ($9.66)

Significantly Below Fair Value: ELVT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ELVT is good value based on its PE Ratio (4.5x) compared to the Consumer Finance industry average (7.1x).

PE vs Market: ELVT is good value based on its PE Ratio (4.5x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: ELVT is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: ELVT is good value based on its PB Ratio (0.9x) compared to the US Consumer Finance industry average (1x).


Next Steps

Future Growth

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

15.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELVT's forecast earnings growth (15.3% per year) is above the savings rate (1.7%).

Earnings vs Market: ELVT's earnings (15.3% per year) are forecast to grow faster than the US market (12.9% per year).

High Growth Earnings: ELVT's earnings are forecast to grow, but not significantly.

Revenue vs Market: ELVT's revenue (5.1% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: ELVT's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELVT's Return on Equity is forecast to be high in 3 years time (20.9%)


Next Steps

Past Performance

How has Elevate Credit performed over the past 5 years?

69.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELVT has high quality earnings.

Growing Profit Margin: ELVT's current net profit margins (4.3%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: ELVT has become profitable over the past 5 years, growing earnings by 69.9% per year.

Accelerating Growth: ELVT's earnings growth over the past year (157.3%) exceeds its 5-year average (69.9% per year).

Earnings vs Industry: ELVT earnings growth over the past year (157.3%) exceeded the Consumer Finance industry 11.4%.


Return on Equity

High ROE: Whilst ELVT's Return on Equity (20.57%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Elevate Credit's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: ELVT has a low level of unsold assets or inventory.

Debt Coverage by Assets: ELVT's debt is covered by short term assets (assets are 1.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ELVT is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: ELVT is profitable, therefore cash runway is not a concern.


Financial Institutions Analysis

Asset Level: ELVT's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if ELVT has a sufficient allowance for bad loans.

Low Risk Liabilities: ELVT reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ELVT has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ELVT has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ELVT has an appropriate level of bad loans.


Next Steps

Dividend

What is Elevate Credit's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ELVT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ELVT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ELVT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ELVT'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 ELVT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Jason Harvison (43yo)

0.6yrs

Tenure

US$1,912,822

Compensation

Mr. Jason Harvison has been the President, Chief Executive officer and Director of Elevate Credit, Inc. since November 21, 2019 and served as its Interim Chief Executive officer from July 31, 2019 to Novem ...


CEO Compensation Analysis

Compensation vs Market: Jason's total compensation ($USD1.91M) is above average for companies of similar size in the US market ($USD540.48K).

Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jason Harvison
President0.6yrsUS$1.91m0.44% $625.1k
Christopher Lutes
Chief Financial Officer5.1yrsUS$1.89m0.85% $1.2m
Chad Bradford
Chief Accounting Officer & Senior VP of Finance6.1yrsno data0.053% $75.4k
Joan Kuehl
Chief Information Officer3.9yrsno datano data
Sarah Cutrona
Chief Counsel6.1yrsno datano data
Daniel Rhea
Senior Communications Manager2.2yrsno datano data
Sharon Clarey
Executive VP & Chief Human Resources Officer0yrsno datano data
Scott Greever
Executive Vice President of Product0.2yrsno data0.20% $279.2k
Eric Von Dohlen
Chief Analytics Officer0yrsno datano data
David Peterson
Chief Credit Officer1.3yrsno data0.040% $57.5k

3.0yrs

Average Tenure

51yo

Average Age

Experienced Management: ELVT's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jason Harvison
President0.6yrsUS$1.91m0.44% $625.1k
John Dean
Independent Director5.8yrsUS$169.79k0.30% $425.4k
Robert Johnson
Independent Director5.8yrsUS$155.00k0.11% $151.5k
Kenneth Rees
Director6.1yrsUS$3.64m5.25% $7.5m
Stephen Shaper
Independent Director5.8yrsUS$215.50k0.39% $559.7k
Stephen Galasso
Independent Director5.8yrsUS$215.50k0.25% $357.8k
Tyler W. Head
Independent Director5.6yrsUS$160.00k5.39% $7.6m
Saundra Schrock
Chairman0.6yrsUS$163.33k0.11% $151.5k
Bradley Strock
Independent Director2.1yrsUS$455.83k0.13% $181.3k

5.8yrs

Average Tenure

66yo

Average Age

Experienced Board: ELVT's board of directors are considered experienced (5.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

Elevate Credit, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Elevate Credit, Inc.
  • Ticker: ELVT
  • Exchange: NYSE
  • Founded: 2014
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: US$141.967m
  • Shares outstanding: 43.02m
  • Website: https://www.elevate.com

Number of Employees


Location

  • Elevate Credit, Inc.
  • 4150 International Plaza
  • Suite 300
  • Fort Worth
  • Texas
  • 76109
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELVTNYSE (New York Stock Exchange)YesCommon StockUSUSDApr 2017
0EVDB (Deutsche Boerse AG)YesCommon StockDEEURApr 2017

Biography

Elevate Credit, Inc. provides online credit solutions to non-prime consumers in the United States and the United Kingdom. The company offers unsecured online installment loans, lines of credit, and credit cards. Its products include Rise, an installment loan and line of credit products; Elastic, a line of credit product; Sunny, an installment loan product; and Today Card, a credit card product. The company was incorporated in 2014 and is headquartered in Fort Worth, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/29 03:43
End of Day Share Price2020/02/28 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.