Elevate Credit
Market Cap
US$179.0m
Last Updated
2020/02/17 01:18 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.
Rewards
Risk Analysis
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
-9.8%
ELVT
1.9%
US Consumer Finance
1.5%
US Market
1 Year Return
-11.1%
ELVT
14.8%
US Consumer Finance
20.1%
US Market
Return vs Industry: ELVT underperformed the US Consumer Finance industry which returned 14.8% over the past year.
Return vs Market: ELVT underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| ELVT | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.8% | 1.9% | 1.5% |
| 30 Day | -7.1% | 0.9% | 1.4% |
| 90 Day | 4.5% | 5.7% | 8.7% |
| 1 Year | -11.1%-11.1% | 16.7%14.8% | 22.7%20.1% |
| 3 Year | n/a | 41.5%34.8% | 50.1%40.5% |
| 5 Year | n/a | 46.2%35.9% | 73.1%54.1% |
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
4 days ago | Simply Wall St
Elevate Credit, Inc. Annual Results Just Came Out: Here's What Analysts Are Forecasting For Next Year2 weeks ago | Simply Wall St
One Thing To Remember About The Elevate Credit, Inc. (NYSE:ELVT) Share Price1 month ago | Simply Wall St
Do Insiders Own Shares In Elevate Credit, Inc. (NYSE:ELVT)?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 ($4.16) is trading below our estimate of fair value ($9.72)
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 (5.7x) compared to the Consumer Finance industry average (8.8x).
PE vs Market: ELVT is good value based on its PE Ratio (5.7x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: ELVT is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: ELVT is good value based on its PB Ratio (1.2x) compared to the US Consumer Finance industry average (1.2x).
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 (14.5% 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.
Return on Assets
Return on Capital Employed
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
Current dividend yield vs market & industry
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 ($USD1.11M).
Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.6yrs | US$1.91m | 0.40% $708.8k | |
| Chief Financial Officer | 5.1yrs | US$1.89m | 0.78% $1.4m | |
| Chief Accounting Officer & Senior VP of Finance | 6.1yrs | no data | 0.042% $76.0k | |
| Chief Information Officer | 3.9yrs | no data | no data | |
| Chief Counsel | 6.1yrs | no data | no data | |
| Senior Communications Manager | 2.2yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 0yrs | no data | no data | |
| 0.2yrs | no data | 0.16% $289.4k | ||
| Chief Analytics Officer | 0yrs | no data | no data | |
| Chief Credit Officer | 1.3yrs | no data | 0.022% $40.1k |
3.0yrs
Average Tenure
51yo
Average Age
Experienced Management: ELVT's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.6yrs | US$1.91m | 0.40% $708.8k | |
| Independent Director | 5.8yrs | US$169.79k | 0.29% $522.5k | |
| Independent Director | 5.8yrs | US$155.00k | 0.10% $186.1k | |
| Director | 6.1yrs | US$3.64m | 4.97% $8.9m | |
| Independent Director | 5.8yrs | US$215.50k | 0.38% $687.4k | |
| Independent Director | 5.8yrs | US$215.50k | 0.25% $439.4k | |
| Independent Director | 5.6yrs | US$160.00k | 5.25% $9.4m | |
| Chairman | 0.6yrs | US$163.33k | 0.10% $186.1k | |
| Independent Director | 2.1yrs | US$455.83k | 0.12% $222.7k |
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$178.965m
- 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
| 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 |
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 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 01:18 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| 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.