ENVA

Enova International Inc

Finance/Real Estate


Presented:09/17/2020
Price:$16.64
Cap:$0.50B
Current Price:$86.38
Cap:$2.28B

Presented

Date09/17/2020
Price$16.64
Market Cap$0.50B
Ent Value$1.03B
P/E Ratio16.23x
Book Value$15.82
Div Yield0%
Shares O/S30.11M
Ave Daily Vol366,449
Short Int8.22%

Current

Price$86.38
Market Cap$2.28B
Enova International, Inc. engages in the provision of online financial services. Its products and services include short-term consumer loan, line of credit accounts, instalment loans, receivables purchase agreements, credit services organization (CSO) program, bank program, and decision management platform-as-a-service and analytics-as-a-service. It caters non-prime credit consumers and small businesses in the United States and Brazil. The company was founded by Albert Goldstein and Alexander Goldstein in 2003 and is headquartered in Chicago, IL.

Publicly traded companies mentioned herein: Alphabet Inc (GOOG, GOOGL), American Express Co (AXP), Enova International Inc (ENVA)

Highlights

The presenter is long shares of Enova International Inc (ENVA), a B2C and B2B lender that was spun out from Cash America International Inc in 2014. Despite ENVA being under the radar (~$500MM market cap), he thinks it is a disruptor in the space due to the underappreciated, yet increasingly strong machine learning involved in ENVA’s credit underwriting. If the company continues to grow 30% annually and is able to execute with expanding margins due to the fixed cost structure, he expects ENVA to trade closer to a fintech company (10x – 15x earnings); this would offer major upside over ENVA’s current ~$17 share price, as it currently trades at <1x the presenter’s 2024 earnings expectation.

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Idea Discussion

Commentor 1 - 2 weeks ago

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