Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Ps Multiple | 6.5x - 7.1x | 6.8x |
| Selected Fwd Ps Multiple | 3.6x - 4.0x | 3.8x |
| Fair Value | $46.72 - $51.64 | $49.18 |
| Upside | 11.4% - 23.2% | 17.3% |
| Benchmarks | Ticker | Full Ticker |
|---|---|---|
| Dave Inc. | - | NasdaqGM:DAVE |
| LendingClub Corporation | - | NYSE:LC |
| Katapult Holdings, Inc. | - | NasdaqGM:KPLT |
| Encore Capital Group, Inc. | - | NasdaqGS:ECPG |
| PRA Group, Inc. | - | NasdaqGS:PRAA |
| Upstart Holdings, Inc. | - | NasdaqGS:UPST |
| Select Price / LTM Sales Ratio | ||||||||
| Benchmark Companies | ||||||||
| DAVE | LC | KPLT | ECPG | PRAA | UPST | |||
| NasdaqGM:DAVE | NYSE:LC | NasdaqGM:KPLT | NasdaqGS:ECPG | NasdaqGS:PRAA | NasdaqGS:UPST | |||
| Historical Sales Growth | ||||||||
| 5Y CAGR | 35.4% | 3.0% | 21.9% | -1.3% | 1.8% | 28.8% | ||
| 3Y CAGR | 31.4% | 9.2% | -6.6% | -6.6% | 0.6% | -7.4% | ||
| Latest Twelve Months | 34.0% | 2.2% | 11.6% | 7.7% | 38.9% | 23.4% | ||
| Historical Net Income Profit Margin | ||||||||
| 5 Year Average Margin | -22.2% | -1.2% | -5.6% | 7.2% | 9.4% | -12.7% | ||
| Prior Fiscal Year | -18.7% | 3.4% | -16.5% | -16.9% | -10.4% | -43.8% | ||
| Latest Fiscal Year | 16.7% | 4.4% | -10.5% | -10.6% | 6.3% | -19.0% | ||
| Latest Twelve Months | 16.7% | 4.4% | -10.5% | -10.6% | 6.3% | -19.0% | ||
| Current Trading Multiples | ||||||||
| EV / LTM EBITDA | 30.4x | 1.6x | 0.9x | 14.0x | 11.2x | -42.3x | ||
| Price / LTM Sales | 3.1x | 1.0x | 0.1x | 0.6x | 0.6x | 5.9x | ||
| LTM P/E Ratio | 18.9x | 21.8x | -1.3x | -5.4x | 9.6x | -31.0x | ||
| Low | Mid | High | ||||||
| Benchmark LTM P/S Ratio | 0.1x | 0.6x | 3.1x | |||||
| Historical LTM P/S Ratio | 1.1x | 6.4x | 19.5x | |||||
| Selected Price / Sales Multiple | 6.5x | 6.8x | 7.1x | |||||
| (x) LTM Sales | 677 | 677 | 677 | |||||
| (=) Equity Value | 4,368 | 4,598 | 4,828 | |||||
| (/) Shares Outstanding | 95.1 | 95.1 | 95.1 | |||||
| Implied Value Range | 45.94 | 48.36 | 50.78 | |||||
| FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
| Implied Value Range (Trading Cur) | 45.94 | 48.36 | 50.78 | 41.93 | ||||
| Upside / (Downside) | 9.6% | 15.3% | 21.1% | |||||
| Equity Value | |||||||
| Benchmark Companies | |||||||
| (in millions) | DAVE | LC | KPLT | ECPG | PRAA | UPST | |
| Value of Common Equity | 1,092 | 1,119 | 34 | 755 | 680 | 3,986 | |
| (/) Shares Outstanding | 13.1 | 113.4 | 4.5 | 23.7 | 39.5 | 95.1 | |
| Implied Stock Price | 83.37 | 9.87 | 7.58 | 31.86 | 17.21 | 41.93 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 83.37 | 9.87 | 7.58 | 31.86 | 17.21 | 41.93 | |
| Trading Currency | USD | USD | USD | USD | USD | USD | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |