Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on Enova International Inc (NYSE:ENVA) due to its excellent fundamentals in more than one area. ENVA is a company with robust financial health as well as a excellent future outlook. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, take a look at the report on Enova International here.
Reasonable growth potential with adequate balance sheet
ENVA is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This implies that ENVA manages its cash and cost levels well, which is an important determinant of the company’s health. ENVA’s has produced operating cash levels of 0.63x total debt over the past year, which implies that ENVA’s management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.
For Enova International, I’ve put together three important factors you should further examine:
- Historical Performance: What has ENVA’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Valuation: What is ENVA worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether ENVA is currently mispriced by the market.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of ENVA? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at email@example.com.