Enova International (NYSE:ENVA) - Share price, News & Analysis

ENVA fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	2/6
Past Performance	5/6
Financial Health	4/6
Dividends	0/6

ENVA Overview

Enova International, Inc., a technology and analytics company, provides online financial services in the United States, Brazil, Australia, and Canada.

Rewards

Trading at 9% below our estimate of its fair value

Revenue is forecast to grow 28.61% per year

Earnings grew by 328.3% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 16.4% per year for the next 3 years

Has a high level of debt

Large one-off items impacting financial results

Shareholders have been diluted in the past year

Enova International Competitors

Nelnet

NYSE:NNI

US$3.0b

CURO Group Holdings

NYSE:CURO

US$650.9m

Regional Management

NYSE:RM

US$606.8m

goeasy

TSX:GSY

CA$3.5b

Price History & Performance

Summary of all time highs, changes and price drops for Enova International
Historical stock prices
Current Share Price	US$33.17
52 Week High	US$15.13
52 Week Low	US$41.06
Beta	1.78
1 Month Change	3.82%
3 Month Change	-4.66%
1 Year Change	115.25%
3 Year Change	14.97%
5 Year Change	245.88%
Change since IPO	16.51%

Shareholder Returns

	ENVA	US Consumer Finance	US Market
7D	2.4%	2.1%	-1.7%
1Y	115.3%	91.1%	36.2%

Return vs Industry: ENVA exceeded the US Consumer Finance industry which returned 91.1% over the past year.

Return vs Market: ENVA exceeded the US Market which returned 36.2% over the past year.

Price Volatility

Is ENVA's price volatile compared to industry and market?
ENVA volatility
ENVA Beta	1.78
Industry Beta	1.5
Market Beta	1

Stable Share Price: ENVA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ENVA's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	1,549	David Fisher	https://www.enova.com

Enova International, Inc., a technology and analytics company, provides online financial services in the United States, Brazil, Australia, and Canada. The company offers installment loans; line of credit accounts; receivables purchase agreements; income share agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan. It also provides Enova Decisions, an analytics as a service designed to automate or augment customer decisions, which include credit risk, fraud risk, identity verification, customer profitability, payments, and collection.

Enova International Fundamentals Summary

How do Enova International's earnings and revenue compare to its market cap?
ENVA fundamental statistics
Market Cap	US$1.20b
Earnings (TTM)	US$480.47m
Revenue (TTM)	US$837.50m

2.5x

P/E Ratio

1.5x

P/S Ratio

Is ENVA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENVA income statement (TTM)
Revenue	US$837.50m
Cost of Revenue	US$119.18m
Gross Profit	US$718.33m
Expenses	US$237.86m
Earnings	US$480.47m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	13.93
Gross Margin	85.77%
Net Profit Margin	57.37%
Debt/Equity Ratio	93.9%

How did ENVA perform over the long term?

See historical performance and comparison

Valuation

Is Enova International undervalued compared to its fair value and its price relative to the market?

9.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ENVA ($33.17) is trading below our estimate of fair value ($36.45)

Significantly Below Fair Value: ENVA is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: ENVA is good value based on its PE Ratio (2.5x) compared to the US Consumer Finance industry average (7.9x).

PE vs Market: ENVA is good value based on its PE Ratio (2.5x) compared to the US market (17.7x).

Price to Earnings Growth Ratio

PEG Ratio: ENVA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: ENVA is good value based on its PB Ratio (1.1x) compared to the US Consumer Finance industry average (1.6x).

Future Growth

How is Enova International forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-16.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENVA's earnings are forecast to decline over the next 3 years (-16.4% per year).

Earnings vs Market: ENVA's earnings are forecast to decline over the next 3 years (-16.4% per year).

High Growth Earnings: ENVA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ENVA's revenue (28.6% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: ENVA's revenue (28.6% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ENVA's Return on Equity is forecast to be low in 3 years time (18.5%).

Past Performance

How has Enova International performed over the past 5 years?

58.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ENVA has a large one-off gain of $143.1M impacting its June 30 2021 financial results.

Growing Profit Margin: ENVA's current net profit margins (57.4%) are higher than last year (13.5%).

Past Earnings Growth Analysis

Earnings Trend: ENVA's earnings have grown significantly by 58.1% per year over the past 5 years.

Accelerating Growth: ENVA's earnings growth over the past year (328.3%) exceeds its 5-year average (58.1% per year).

Earnings vs Industry: ENVA earnings growth over the past year (328.3%) exceeded the Consumer Finance industry 126.5%.

Return on Equity

High ROE: ENVA's Return on Equity (43.9%) is considered outstanding.

Financial Health

How is Enova International's financial position?

Financial Position Analysis

Short Term Liabilities: ENVA's short term assets ($1.9B) exceed its short term liabilities ($140.6M).

Long Term Liabilities: ENVA's short term assets ($1.9B) exceed its long term liabilities ($1.2B).

Debt to Equity History and Analysis

Debt Level: ENVA's debt to equity ratio (93.9%) is considered high.

Reducing Debt: ENVA's debt to equity ratio has reduced from 264% to 93.9% over the past 5 years.

Debt Coverage: ENVA's debt is well covered by operating cash flow (46.4%).

Interest Coverage: Insufficient data to determine if ENVA's interest payments on its debt are well covered by EBIT.

Balance Sheet

Dividend

What is Enova International current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

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

High Dividend: Unable to evaluate ENVA'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 ENVA's dividends per share have been stable in the past.

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

Next Steps

Explore strong dividend paying companies in the Diversified Financials industry.

Management

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

6.5yrs

Average management tenure

CEO

David Fisher (52 yo)

8.67yrs

Tenure

US$6,848,608

Compensation

Mr. David A. Fisher, JD, has been Independent Member of Supervisory Board at Just Eat Takeaway.com N.V. since June 15, 2021. He has served as Independent Director of GrubHub, Inc. since August 08, 2013. Mr...

CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD6.85M) is above average for companies of similar size in the US market ($USD2.35M).

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

Leadership Team

Experienced Management: ENVA's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Experienced Board: ENVA's board of directors are considered experienced (6.9 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 22.5%.

Data	Last Updated (UTC time)
Company Analysis	2021/09/23 23:06
End of Day Share Price	2021/09/23 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31

Market Cap

7D

1Y

Updated

Data