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

Fundamentals

Solid track record and good value.


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


Market Performance


7 Day Return

-6.4%

ELVT

1.0%

US Consumer Finance

0.5%

US Market


1 Year Return

-36.9%

ELVT

4.7%

US Consumer Finance

6.8%

US Market

Return vs Industry: ELVT underperformed the US Consumer Finance industry which returned 4.7% over the past year.

Return vs Market: ELVT underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

ELVTIndustryMarket
7 Day-6.4%1.0%0.5%
30 Day-8.3%-2.6%-0.8%
90 Day-3.3%-6.6%-0.9%
1 Year-36.9%-36.9%6.6%4.7%9.2%6.8%
3 Yearn/a52.6%45.2%45.6%36.2%
5 Yearn/a38.6%28.5%63.2%45.4%

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?

41.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ELVT ($4.1) is trading below our estimate of fair value ($7.01)

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


Price To Earnings Ratio

PE vs Industry: ELVT is poor value based on its PE Ratio (9.3x) compared to the Consumer Finance industry average (8.3x).

PE vs Market: ELVT is good value based on its PE Ratio (9.3x) compared to the US market (17.7x).


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 overvalued based on its PB Ratio (1.3x) 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 7 analysts?

26.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELVT's forecast earnings growth (26.1% per year) is above the savings rate (2.7%).

Earnings vs Market: ELVT's earnings (26.1% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ELVT's revenue (5.4% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: ELVT's revenue (5.4% 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 (22.1%)


Next Steps

Past Performance

How has Elevate Credit performed over the past 5 years?

68.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ELVT has become profitable over the past 5 years, growing earnings by 68.9% per year.

Accelerating Growth: ELVT's earnings growth over the past year (1789.6%) exceeds its 5-year average (68.9% per year).

Earnings vs Industry: ELVT earnings growth over the past year (1789.6%) exceeded the Consumer Finance industry 25.5%.


Return on Equity

High ROE: ELVT's Return on Equity (13.6%) is considered low.


Return on Assets

ROA vs Industry: ELVT has a higher Return on Assets than the Consumer Finance industry average last year.


Return on Capital Employed

ROCE Improving: ELVT has significantly improved its Return on Capital Employed over the past 3 years.


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 1.234090x debt).


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

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

What is the CEO of Elevate Credit's salary, the management and board of directors tenure and is there insider trading?

2.7yrs

Average management tenure


CEO

Jason Harvison (43yo)

0.3yrs

Tenure

US$1,912,822

Compensation

Mr. Jason Harvison has been Chief Operating Officer at Elevate Credit, Inc., since 2014 and serves as its Secretary and Treasurer. Mr. Harvison has been Interim Chief Executive officer of Elevate Credit, I ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Jason's total compensation is reasonable compared to companies of similar size in the US market.

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


Management Age and Tenure

2.7yrs

Average Tenure

51yo

Average Age

Experienced Management: ELVT's management team is considered experienced (2.7 years average tenure).


Board Age and Tenure

5.4yrs

Average Tenure

68yo

Average Age

Experienced Board: ELVT's board of directors are considered experienced (5.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$11,72602 Aug 19
Sequoia Capital China
EntityCompany
Shares2,753
Max PriceUS$4.28
SellUS$268,68002 Aug 19
Sequoia Capital
EntityCompany
Shares63,078
Max PriceUS$4.28
SellUS$9,19630 Jul 19
Sequoia Capital China
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Shares2,163
Max PriceUS$4.28
SellUS$210,58030 Jul 19
Sequoia Capital
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Shares49,532
Max PriceUS$4.28
SellUS$7,27524 Jul 19
Sequoia Capital China
EntityCompany
Shares1,702
Max PriceUS$4.31
SellUS$166,70024 Jul 19
Sequoia Capital
EntityCompany
Shares39,000
Max PriceUS$4.31
SellUS$16,48320 Jul 19
Sequoia Capital China
EntityCompany
Shares3,881
Max PriceUS$4.25
SellUS$377,48620 Jul 19
Sequoia Capital
EntityCompany
Shares88,883
Max PriceUS$4.25
SellUS$12,16717 Jul 19
Sequoia Capital China
EntityCompany
Shares2,876
Max PriceUS$4.27
SellUS$278,87917 Jul 19
Sequoia Capital
EntityCompany
Shares65,918
Max PriceUS$4.27
SellUS$9,27612 Jul 19
Sequoia Capital China
EntityCompany
Shares2,201
Max PriceUS$4.23
SellUS$212,46912 Jul 19
Sequoia Capital
EntityCompany
Shares50,414
Max PriceUS$4.23
SellUS$5,52009 Jul 19
Sequoia Capital China
EntityCompany
Shares1,329
Max PriceUS$4.23
SellUS$126,53309 Jul 19
Sequoia Capital
EntityCompany
Shares30,463
Max PriceUS$4.23
SellUS$7,73803 Jul 19
Sequoia Capital China
EntityCompany
Shares1,875
Max PriceUS$4.16
SellUS$177,28603 Jul 19
Sequoia Capital
EntityCompany
Shares42,960
Max PriceUS$4.16
SellUS$175,21728 Jun 19
Sequoia Capital
EntityCompany
Shares41,637
Max PriceUS$4.25
SellUS$7,64628 Jun 19
Sequoia Capital China
EntityCompany
Shares1,817
Max PriceUS$4.25
SellUS$137,90725 Jun 19
Sequoia Capital
EntityCompany
Shares31,429
Max PriceUS$4.46
SellUS$6,01625 Jun 19
Sequoia Capital China
EntityCompany
Shares1,371
Max PriceUS$4.46
SellUS$6,98120 Jun 19
Sequoia Capital China
EntityCompany
Shares1,569
Max PriceUS$4.46
SellUS$159,86220 Jun 19
Sequoia Capital
EntityCompany
Shares35,931
Max PriceUS$4.46
SellUS$6,48815 Jun 19
Sequoia Capital China
EntityCompany
Shares1,463
Max PriceUS$4.48
SellUS$148,73215 Jun 19
Sequoia Capital
EntityCompany
Shares33,537
Max PriceUS$4.48
SellUS$160,61912 Jun 19
Sequoia Capital
EntityCompany
Shares37,432
Max PriceUS$4.42
SellUS$7,00712 Jun 19
Sequoia Capital China
EntityCompany
Shares1,633
Max PriceUS$4.42
SellUS$7,54407 Jun 19
Sequoia Capital China
EntityCompany
Shares1,764
Max PriceUS$4.30
SellUS$172,83807 Jun 19
Sequoia Capital
EntityCompany
Shares40,417
Max PriceUS$4.30
SellUS$7,61604 Jun 19
Sequoia Capital China
EntityCompany
Shares1,813
Max PriceUS$4.26
SellUS$174,61204 Jun 19
Sequoia Capital
EntityCompany
Shares41,567
Max PriceUS$4.26
SellUS$10,47630 May 19
Sequoia Capital China
EntityCompany
Shares2,410
Max PriceUS$4.40
SellUS$239,86830 May 19
Sequoia Capital
EntityCompany
Shares55,182
Max PriceUS$4.40
BuyUS$149,25429 Nov 18
John Dean
EntityIndividual
Role
Member of the Board of Directors
Director
Shares33,000
Max PriceUS$4.57
SellUS$1,555,20110 Nov 18
Tyler W. Head
EntityIndividual
Role
Member of the Board of Directors
Director
Shares356,494
Max PriceUS$4.38
BuyUS$66,45010 Nov 18
Bradley Strock
EntityIndividual
Role
Member of the Board of Directors
Director
Shares15,000
Max PriceUS$4.43
BuyUS$21,25005 Nov 18
Stephen Shaper
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$4.25
SellUS$2,156,38901 Nov 18
Tyler W. Head
EntityIndividual
Role
Member of the Board of Directors
Director
Shares558,650
Max PriceUS$3.86

Ownership Breakdown


Management Team

  • Chris Lutes (51yo)

    Chief Financial Officer

    • Tenure: 4.8yrs
    • Compensation: US$1.89m
  • Joan Kuehl (62yo)

    Chief Information Officer

    • Tenure: 3.6yrs
  • Eric Von Dohlen (51yo)

    Chief Analytics Officer

    • Tenure: 0yrs
  • Jason Harvison (43yo)

    COO, Treasurer

    • Tenure: 0.3yrs
    • Compensation: US$1.91m
  • Sarah Cutrona (58yo)

    Chief Counsel

    • Tenure: 5.8yrs
  • Sharon Clarey (58yo)

    Executive VP & Chief Human Resources Officer

    • Tenure: 0yrs
  • Chad Bradford (48yo)

    Chief Accounting Officer & Senior VP of Finance

    • Tenure: 5.8yrs
  • David Peterson (37yo)

    Chief Credit Officer

    • Tenure: 0.9yrs
  • Kate Vanderkolk

    Chief Risk Officer

    • Tenure: 1.8yrs
  • Daniel Rhea

    Senior Communications Manager

    • Tenure: 1.8yrs

Board Members

  • John Dean (71yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: US$169.79k
  • Bob Johnson (73yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: US$155.00k
  • Ken Rees (56yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: US$3.64m
  • Steven Shaper (82yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: US$215.50k
  • Stephen Galasso (70yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: US$215.50k
  • Tyler W. Head (43yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$160.00k
  • Saundra Schrock (66yo)

    Chairman

    • Tenure: 0.3yrs
    • Compensation: US$163.33k
  • Brad Strock (56yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$455.83k

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$180.949m
  • Shares outstanding: 44.13m
  • 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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 00:47
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.