CURO Group Holdings Corp. provides consumer finance to a range of underbanked consumers in the United States, Canada, and the United Kingdom. It offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales, and money transfer services. The company operates under the Speedy Cash, Rapid Cash, Avio Credit, and Cash Money brands; and online as Wage Day Advance, as well as offers installment loans online under the LendDirect brand. The company was formerly known as Speedy Group Holdings Corp. and changed its name to CURO Group Holdings Corp. in May 2016. CURO Group Holdings Corp. was founded in 1997 and is based in Wichita, Kansas
CURO Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for CURO Group Holdings Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that CURO Group Holdings Corp ranked in the 100th percentile in terms of potential gain offered. Our DCF model suggests the stock is undervalued by 71692.33%; returns of such proportions should be viewed with some skepticism, though. In terms of the factors that were most noteworthy in this DCF analysis for CURO, they are:
In the past 2.92 years, CURO Group Holdings Corp has a compound free cash flow growth rate of 1.54%; that's higher than 95.67% of free cash flow generating stocks in the Financial Services sector.
40% of the company's capital comes from equity, which is greater than merely 14.03% of stocks in our cash flow based forecasting set.
CURO Group Holdings Corp's weighted average cost of capital (WACC) is 8%; for context, that number is higher than merely 14.31% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of CURO Group Holdings Corp? See CGBD, COHN, FRHC, IBN, and QIWI.
CURO Group Holdings Corp. (NYSE: CURO) ("CURO"), a market leader in providing short-term credit to non-prime consumers, announced today that its fourth quarter 2020 financial results will be released after the market closes on Thursday, February 4, 2021.
What happened Shares of CURO Group Holdings (NYSE: CURO) are down 13% as of 12:50 p.m. EST on Monday. But holders of the stock probably aren't complaining after the stock soared almost 90% in Friday's session.
$900+ million Transaction Provides $365 million Total Consideration to CURO WICHITA, Kan.–(BUSINESS WIRE)–CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a market leader in providing credit to non-prime consumers, announced today that it is positioned to benefit from today’s announcement that Katapult Holding, Inc. (“Katapult”), a company approximately 40% owned by CURO and a leading provider… Read More »CURO Group Holdings Corp. Positioned to Benefit from Katapult’s Announced Merger with FinServ Acquisition Corp.
The "SPACs Attack" show airs weekdays on Benzinga's YouTube channel at 11 a.m. ET. Here is a recap of Friday's show.Lancadia Vote: The top story was the SPAC merger vote for Lancadia Holdings II (NASDAQ: LCA) that took place Friday, however, not enough shareholders participated in the vote. The company has set Dec. 29 as the new vote date.New SPAC Deal: On Friday, Finserv Acquisition Corp (NASDAQ: FSRV) announced a SPAC deal to bring Katapult public. Finserv Acquisition shareholders will own 25% of the new company. Shares will trade as "KPLT" if the merger is approved.Katapult is an e-commerce focused point-of-sale platform that offers flexible lease purchase options for consumers. This is beneficial to consumers and offers upfront funding to the merchants.The company works with over 15...
Katapult is on its way to becoming a publicly-traded company thanks to a merger with special purpose acquisition company (SPAC) FinServ Acquisition (NASDAQ:FSRV).
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Here’s what investors interested in the Katapult SPAC merger need to know before the company’s goes public.
Katapult is a financial tech company that offers e-commerce point-of-sale for nonprime U.S. customers.
The company’s offerings include goods from a range of e-commerce retailers.
The SPAC merger will have the new company taking on the Katapult name.
When the deal closes, the new company will also change from FSRV to the new KPLT ticker.
The merger is also good news for Curo Group Holdings (NYSE:CURO), which owns a 40% stake in Katapult.
As of this writing, CURO stock is on the ...