Business Growth For The Quarter Ended 2020-12-31
Enova International Inc does not report a huge amount of sales growth, which is not helpful. With that, traders will appreciate ENVA’s gross profit ratio of 63%. Last year, the company showed sales of $1083. 71 million.
ENVA reports EBITDA growth of 36%, and an EBITDA ratio of 34%. The EBITDA grows because the cost of sales declined a -33%. Note that general and administrative expenses declined a -54%. In addition, operating income is another positive feature of ENVA. The company’s operating income grows at 44% y/y. I also appreciate that the net income grew a 933%. D&A expense decreased a -100%.
Balance Sheet As Of 2020-12-31
ENVA’s balance sheet looks stable. The total amount of assets was $2108 million, with total liabilities of $1189 million. Additionally, Enova International Inc has positive working capital, which traders will like. It means that ENVA can cover its short-term liabilities when they come due.
ENVA’s short term debt is less significant than the company’s cash and cash equivalents.
In my opinion, Enova International Inc will not worry about any liquidity risk. The price to book value is below 1. 5x, which means that ENVA is undervalued. Enova International Inc has $2108 million in total assets, and $1189 million in total liabilities. In my opinion, ENVA is cheap. Moreover, notice that the cash per share is equal to $9, and the stock price is $34. 42. ENVA’s debt to equity ratio is below 2x. In summary, the debt level appears to be under control. Note that Enova International Inc reports cash and cash equivalents of $297 million, and net debt of $650 million. With regards to the EV/EBITDA, Enova International Inc trades at 10. In my experience, traders will most likely appreciate this low figure. null
Quarterly Results For The Quarter Ended 2020-12-31
In Q4 ENVA reported quarterly sales of $263 million, and gross profit of $243 million. The gross profit ratio was equal to 92%. Besides, ENVA is profitable, which is helpful. Enova International Inc released positive quarterly EBITDA of $129. 057 million. Taking this into account, many money managers will most likely have a look at ENVA. ENVA also showed positive net income of $230. 691 million. As for me, I think that considering the quality of the business, I see room for ENVA to grow into its valuation over time.
Valuation and Risks
Enova International Inc has a market capitalization of $1259 million. The enterprise value is equal to $1371 million. With forward sales of $1083 million, ENVA sells at less than 2x forward sales. In my opinion, shareholders will most likely believe that Enova International Inc is cheap. Institutional shareholders Carolina Wealth Advisors, LLC, EVERENCE CAPITAL MANAGEMENT, and TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY are Enova International Inc investors. The company shows a beta of 1. 68062. It is more huge than 1, which means that the stock price can show huge volatility. ENVA’s stock price volatility is larger than that of the market. To sum up, if you are not a volatility expert don’t trade Enova International Inc.
The following ENVA’s insiders acquired or sold equity recently.ENVA’s traders will most likely study this information:
+In 2021-04-05, director, officer: Chief Executive Officer Fisher David sold equity of ENVA.
+In 2021-03-15, director, officer: Chief Executive Officer Fisher David sold stock of ENVA.
+In 2021-03-11, director Gray James A sold equity of ENVA.
About Enova International Inc
Enova International, Inc. , a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements.