Elevate Credit
Market Cap
US$155.3m
Last Updated
2021/01/28 01:17 UTC
Data Sources
Company Financials +
Executive Summary
Elevate Credit, Inc. provides online credit solutions to non-prime consumers in the United States and the United Kingdom. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 49.7% per year for the next 3 years
Snowflake Analysis
Solid track record with adequate balance sheet.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: ELVT's weekly volatility has decreased from 16% to 10% over the past year.
Market Performance
7 Day Return
-3.1%
ELVT
-7.5%
US Consumer Finance
-2.7%
US Market
1 Year Return
-26.4%
ELVT
-4.4%
US Consumer Finance
21.2%
US Market
Return vs Industry: ELVT underperformed the US Consumer Finance industry which returned -2.6% over the past year.
Return vs Market: ELVT underperformed the US Market which returned 24.3% over the past year.
Shareholder returns
| ELVT | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.1% | -7.5% | -2.7% |
| 30 Day | 2.0% | 2.4% | 1.8% |
| 90 Day | 69.3% | 27.0% | 16.4% |
| 1 Year | -26.4%-26.4% | -2.0%-4.4% | 23.9%21.2% |
| 3 Year | -44.7%-44.7% | 8.8%3.0% | 43.7%34.2% |
| 5 Year | n/a | 99.5%82.7% | 124.3%99.2% |
Long-Term 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
3 weeks ago | Simply Wall St
Here's What Elevate Credit, Inc.'s (NYSE:ELVT) Shareholder Ownership Structure Looks Like2 months ago | Simply Wall St
Earnings Beat: Elevate Credit, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their ModelsValuation
Is Elevate Credit undervalued compared to its fair value and its price relative to the market?
3.44x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ELVT ($4.13) is trading above our estimate of fair value ($3.99)
Significantly Below Fair Value: ELVT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ELVT is good value based on its PE Ratio (3.4x) compared to the US Consumer Finance industry average (12.9x).
PE vs Market: ELVT is good value based on its PE Ratio (3.4x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: ELVT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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 (1.4x).
Next Steps
Future Growth
How is Elevate Credit forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-49.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ELVT's earnings are forecast to decline over the next 3 years (-49.7% per year).
Earnings vs Market: ELVT's earnings are forecast to decline over the next 3 years (-49.7% per year).
High Growth Earnings: ELVT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ELVT's revenue is expected to decline over the next 3 years (-0.03% per year).
High Growth Revenue: ELVT's revenue is forecast to decline over the next 3 years (-0.03% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ELVT's Return on Equity is forecast to be low in 3 years time (9.5%).
Next Steps
Past Performance
How has Elevate Credit performed over the past 5 years?
74.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELVT has high quality earnings.
Growing Profit Margin: ELVT's current net profit margins (7.9%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: ELVT has become profitable over the past 5 years, growing earnings by 74.9% per year.
Accelerating Growth: ELVT's earnings growth over the past year (94.1%) exceeds its 5-year average (74.9% per year).
Earnings vs Industry: ELVT earnings growth over the past year (94.1%) exceeded the Consumer Finance industry -19.3%.
Return on Equity
High ROE: Whilst ELVT's Return on Equity (29.64%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Elevate Credit's financial position?
Financial Position Analysis
Short Term Liabilities: ELVT's short term assets ($589.4M) exceed its short term liabilities ($37.1M).
Long Term Liabilities: ELVT's short term assets ($589.4M) exceed its long term liabilities ($455.7M).
Debt to Equity History and Analysis
Debt Level: ELVT's debt to equity ratio (255.5%) is considered high.
Reducing Debt: ELVT's debt to equity ratio has reduced from 956.7% to 255.5% over the past 5 years.
Debt Coverage: ELVT's debt is well covered by operating cash flow (66.6%).
Interest Coverage: ELVT's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Elevate Credit 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 recent payouts.
High Dividend: Unable to evaluate ELVT'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 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 (44 yo)
1.5yrs
Tenure
US$2,713,088
Compensation
Mr. Jason Harvison has been the President, Chief Executive officer and Director of Elevate Credit, Inc. since November 21, 2019 and served as its Interim Chief Executive officer from July 31, 2019 to Novem...
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD2.71M) is above average for companies of similar size in the US market ($USD992.69K).
Compensation vs Earnings: Jason's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.5yrs | US$2.71m | 0.95% $ 1.5m | |
| Chief Financial Officer | 6yrs | US$1.68m | 1.29% $ 2.0m | |
| Chief Product Officer | 1.17yrs | US$793.80k | 0.28% $ 433.7k | |
| Chief Accounting Officer & Senior VP of Finance | 7yrs | no data | 0.11% $ 176.6k | |
| Chief Information Officer | 4.83yrs | no data | no data | |
| Chief Counsel | 7yrs | no data | no data | |
| Senior Communications Manager | 3.08yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | no data | no data | no data | |
| Chief Analytics Officer | no data | no data | no data | |
| Chief Credit Officer | 2.17yrs | no data | 0.095% $ 147.2k | |
| Chief Risk Officer | 3yrs | no data | no data | |
| Chief Diversity Officer | 0.67yr | no data | no data |
3.0yrs
Average Tenure
52yo
Average Age
Experienced Management: ELVT's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.5yrs | US$2.71m | 0.95% $ 1.5m | |
| Independent Director | 6.67yrs | US$171.68k | 0.44% $ 677.0k | |
| Independent Director | 6.67yrs | US$155.00k | 0.22% $ 338.4k | |
| Independent Director | 6.67yrs | US$215.50k | 0.54% $ 843.0k | |
| Independent Director | 6.67yrs | US$215.50k | 0.38% $ 593.4k | |
| Independent Director | 6.5yrs | US$160.00k | 6.18% $ 9.6m | |
| Independent Chairman | 1.5yrs | US$173.72k | 0.22% $ 338.4k | |
| Independent Director | 3yrs | US$160.00k | 0.21% $ 320.7k |
6.6yrs
Average Tenure
69yo
Average Age
Experienced Board: ELVT's board of directors are considered experienced (6.6 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 not been meaningfully diluted in the past year.
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$155.327m
- Shares outstanding: 38.07m
- Website: https://www.elevate.com
Number of Employees
Location
- Elevate Credit, Inc.
- 4150 International Plaza
- Suite 300
- Fort Worth
- Texas
- 76109
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ELVT | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Apr 2017 |
| 0EV | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 2017 |
| 0XWD | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Apr 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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/28 01:17 |
| End of Day Share Price | 2021/01/27 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.