Elevate Credit, Inc. design and provides online credit solutions to non-prime consumers in the United States and the United Kingdom. The company offers unsecured online installment loans and lines of credit. Its products include Rise and Sunny installment loan products; and Elastic, an open-end line of credit. The company was founded in 2014 and is based in Fort Worth, Texas.
ELVT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for ELVT, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Elevate Credit Inc ranked in the 94th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for ELVT, they are:
13% of the company's capital comes from equity, which is greater than just 5.31% of stocks in our cash flow based forecasting set.
The business' balance sheet suggests that 87% of the company's capital is sourced from debt; this is greater than 94.65% of the free cash flow producing stocks we're observing.
The weighted average cost of capital for the company is 11. This value is greater than 83.86% stocks in the Financial Services sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Financial Services that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as ELVT, try FRHC, RDN, NOAH, LFC, and GCAP.
Elevate Credit, Inc. ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced financial results for the first quarter 2020. Elevate has posted its first quarter release to its Investor Relations webpage at http://investors.elevate.com/press-releases.
Elevate Credit, Inc. ("Elevate"), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced that it will release its first quarter 2020 financial results after the market closes on Wednesday, May 6, 2020. Jason Harvison, Chief Executive Officer, and Chris Lutes, Chief Financial Officer, will also host a conference call on the day of the release (May 6, 2020) at 5:00 pm ET to discuss Elevate’s financial results.
FORT WORTH, Texas--(BUSINESS WIRE)--Elevate Credit, Inc. (NYSE: ELVT) “the Company”, a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, announced that, due to public meeting restrictions and continued public health concerns related to the spread of COVID-19, the Company will change the format of its previously announced Annual Meeting of Stockholders, scheduled for May 1, 2020 at 8:00 a.m. Central Time, from an in-person meeting to an
FORT WORTH, Texas--(BUSINESS WIRE)--Elevate Credit, Inc. (NYSE: ELVT), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, proudly announced today the company's next step in strengthening its commitment to diversity and inclusion by introducing Mosaic, an employee-led multicultural network. The new initiative, led by Director of Bank Products Dion Harrison, will help connect the Elevate community by promoting and celebrating the importa