Open Lending Corp. provides automated lending services to financial institutions. It specializes in loan analytics, risk-based pricing, risk modeling and automated decision technology for automotive lenders throughout the United States. The company was founded by Sandy Watkins in 2000 and is headquartered in Austin, TX.
LPRO Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Open Lending Corp. To summarize, we found that Open Lending Corp ranked in the 89th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 1274.67%. As for the metrics that stood out in our discounted cash flow analysis of Open Lending Corp, consider:
Open Lending Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -15.07. This coverage rate is greater than that of merely 6.39% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Financial Services), Open Lending Corp has a reliance on debt greater than just 8.7% of them.
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 LPRO, try YUANF, CPSS, MTG, ELVT, and NOAH.
Wasatch Advisors, an employee-owned investment manager, published its ‘Wasatch Micro Cap Value Fund’ third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 11.62% was recorded by the fund for the Q3 of 2020, above its Russel Microcap benchmark that returned 3.69%. You can view the fund’s top 10 […]
Royal CU partners with Open Lending to grow their auto loan portfolioAUSTIN, Texas, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. The company announced today that Royal Credit Union, a $3.3 billion institution based in Eau Claire, WI, has selected Open Lending’s Lenders Protection™ program to help grow their auto lending portfolio. “Royal Credit Union is a values-driven organization focused on making a positive impact in the lives we touch,” said Mike Dill, EVP-Chief Lending Officer at Royal Credit Union. “We are excited to partner with Open Lending to meet the needs of our Members and strengthen our position as a trusted and valued financial pa...
AUSTIN, Texas, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Open Lending Corporation (NASDAQ: LPRO) (“Open Lending”), a leading provider of lending enablement and risk analytics solutions to financial institutions, today announced that the Company will be participating in a fireside chat at the Goldman Sachs Technology and Internet Conference on Tuesday, January 12, 2021. The discussion will begin at 12:10pm ET and can be accessed by visiting the Company's investor relations website at https://investors.openlending.com/ under the “Events” section. About Open Lending Open Lending (Nasdaq: LPRO), through its flagship product, Lenders Protection, offers loan analytics, risk-based pricing, risk modeling and default insurance, ensuring profitable auto loan portfolios for financial institutions through...
Interra CU partners with Open Lending to meet more members’ auto loan needsAUSTIN, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Open Lending (NASDAQ: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. They announced today that Interra Credit Union, a $1.3 billion institution based in Goshen, IN, has signed with Open Lending to implement their Lenders Protection™ program. “The members’ needs are always the top priority at Interra,” said David Dekker, SVP of Consumer Services at Interra Credit Union. “We are excited about our partnership with Open Lending as it will allow us to serve more members, which is paramount to our mission of being our members’ most trusted and valued financial resource.”Open Lending’s ...