Elevate Credit, Inc. provides online credit solutions to non-prime consumers in the United States and the United Kingdom.
Very undervalued with reasonable growth potential.
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.
7 Day Return
US Consumer Finance
1 Year Return
US Consumer Finance
Return vs Industry: ELVT underperformed the US Consumer Finance industry which returned -30.7% over the past year.
Return vs Market: ELVT underperformed the US Market which returned 6% over the past year.
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
2 months ago | Simply Wall StSome Analysts Just Cut Their Elevate Credit, Inc. (NYSE:ELVT) Estimates
3 months ago | Simply Wall StIs Elevate Credit, Inc. (NYSE:ELVT) Potentially Undervalued?
4 months ago | Simply Wall StElevate Credit, Inc. Annual Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
Is Elevate Credit undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ELVT ($1.48) is trading below our estimate of fair value ($4.42)
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 (4.7x) compared to the Consumer Finance industry average (7.3x).
PE vs Market: ELVT is good value based on its PE Ratio (4.7x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: ELVT is good value based on its PEG Ratio (0x)
Price to Book Ratio
PB vs Industry: ELVT is good value based on its PB Ratio (0.4x) compared to the US Consumer Finance industry average (1x).
How is Elevate Credit forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ELVT's forecast earnings growth (97.1% per year) is above the savings rate (2.2%).
Earnings vs Market: ELVT's earnings (97.1% per year) are forecast to grow faster than the US market (22.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ELVT's revenue (11.2% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: ELVT's revenue (11.2% 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 low in 3 years time (12.9%).
How has Elevate Credit performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ELVT has a large one-off loss of $15.0M impacting its March 31 2020 financial results.
Growing Profit Margin: ELVT's current net profit margins (1.9%) are lower than last year (2.1%).
Past Earnings Growth Analysis
Earnings Trend: ELVT has become profitable over the past 5 years, growing earnings by 69.6% per year.
Accelerating Growth: ELVT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ELVT had negative earnings growth (-15.2%) over the past year, making it difficult to compare to the Consumer Finance industry average (-23.6%).
Return on Equity
High ROE: ELVT's Return on Equity (9.4%) is considered low.
How is Elevate Credit's financial position?
Financial Position Analysis
Short Term Liabilities: ELVT's short term assets ($649.4M) exceed its short term liabilities ($45.2M).
Long Term Liabilities: ELVT's short term assets ($649.4M) exceed its long term liabilities ($534.0M).
Debt to Equity History and Analysis
Debt Level: ELVT's debt to equity ratio (347.9%) is considered high.
Reducing Debt: ELVT's debt to equity ratio has increased from 335.8% to 347.9% over the past 5 years.
Debt Coverage: ELVT's debt is well covered by operating cash flow (67.9%).
Interest Coverage: ELVT's interest payments on its debt are not well covered by EBIT (1.6x coverage).
What is Elevate Credit current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ELVT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ELVT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ELVT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ELVT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ELVT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jason Harvison (44yo)
Mr. Jason Harvison has been the President, Chief Executive officer and Director of Elevate Credit, Inc. since November 21, 2019 and served as its Interim Chief Executive officer from July 31, 2019 to Novem ...
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD2.71M) is above average for companies of similar size in the US market ($USD609.39K).
Compensation vs Earnings: Jason's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chief Financial Officer||5.5yrs||US$1.68m||1.03% $649.6k|
|Executive Vice President of Products||0.67yr||US$793.80k||0.23% $146.8k|
|Chief Accounting Officer & Senior VP of Finance||6.5yrs||no data||0.076% $47.8k|
|Chief Information Officer||4.33yrs||no data||no data|
|Chief Counsel||6.5yrs||no data||no data|
|Senior Communications Manager||2.58yrs||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||1.67yrs||no data||0.069% $43.6k|
Experienced Management: ELVT's management team is considered experienced (3.5 years average tenure).
|Independent Director||6.17yrs||US$171.68k||0.39% $245.6k|
|Independent Director||6.17yrs||US$155.00k||0.19% $122.7k|
|Independent Director||6.17yrs||US$215.50k||0.49% $305.8k|
|Independent Director||6.17yrs||US$215.50k||0.34% $215.2k|
|Independent Director||6yrs||US$160.00k||5.53% $3.5m|
|Independent Chairman||1yr||US$173.72k||0.19% $122.7k|
|Independent Director||2.5yrs||US$160.00k||0.18% $116.3k|
Experienced Board: ELVT's board of directors are considered experienced (6.2 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Elevate Credit, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Elevate Credit, Inc.
- Ticker: ELVT
- Exchange: NYSE
- Founded: 2014
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: US$63.051m
- Shares outstanding: 42.60m
- Website: https://www.elevate.com
Number of Employees
- Elevate Credit, Inc.
- 4150 International Plaza
- Suite 300
- Fort Worth
- United States
|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|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/09 00:07|
|End of Day Share Price||2020/07/08 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.