企業概要
FirstCash Holdings, Inc. operates primarily as a retailer of pawn services, maintaining a physical presence in the United States, Mexico, Latin America, and the United Kingdom through its four distinct segments: U.S. Pawn, Latin America Pawn, U.K. Pawn, and Retail POS Payment Solutions. The company functions within the broader Financial Services sector, specifically categorized under Credit Services, where it facilitates secured lending solutions and point-of-sale payment processing for retailers. Its current market capitalization stands at $8.78 billion, supported by annual revenue of $3.66 billion, though specific employee headcount data is not available in the provided records. These valuation and revenue figures indicate that the entity holds a significant position within the consumer finance landscape, reflecting substantial market penetration across multiple international jurisdictions and a robust operational scale relative to its industry peers.
財務健全性
The company reported total revenue of $3.66 billion over the trailing twelve months, generating net income of $330.38 million and EBITDA of $685.03 million, highlighting a substantial disparity between top-line sales and bottom-line profit that underscores a cost structure heavily weighted toward operating expenses. Free cash flow for the period amounted to $232.38 million, a metric that signifies the entity's ability to generate cash beyond capital expenditure needs, thereby providing financial flexibility for potential debt servicing or operational investments. Profitability efficiency is evident when analyzing the three primary margins: a gross margin of 59.0% indicates high pricing power or low cost of goods sold relative to revenue, an operating margin of 17.3% reflects the effectiveness of controlling overhead costs, and a profit margin of 9.0% demonstrates the final portion of revenue retained as profit after all expenses including taxes and interest. Regarding leverage, the company holds $125.20 million in cash against $2.57 billion in total debt, resulting in a debt-to-equity ratio of 112.82, which suggests a leveraged balance sheet typical for the financial services industry where assets are often financed heavily. Liquidity position appears robust with a current ratio of 4.55, indicating that current assets significantly exceed current liabilities, ensuring the firm can easily meet its short-term obligations. Management effectiveness is further quantified by a return on equity of 15.3% and a return on assets of 7.3%, metrics that reveal the company generates efficient returns on shareholders' invested capital and utilizes its total asset base productively to generate earnings.
バリュエーション評価
Valuation metrics suggest a trailing P/E ratio of 26.81 compared to a forward P/E of 16.15, implying that the market expects earnings growth to accelerate significantly in the coming years, as the forward multiple is considerably lower than the historical average. The price-to-book ratio stands at 3.84, indicating that the stock trades at a significant premium to its book value, which is often the case for financial institutions with strong intangible assets or high growth prospects. Alternative valuation measures provide additional context, with a price-to-sales ratio of 2.40 and an EV/EBITDA of 16.34, suggesting investors are willing to pay a premium for sales volume and earnings before interest, taxes, depreciation, and amortization relative to the company's enterprise value. The stock's recent trading range is bounded by a 52-week high of $202.25 and a 52-week low of $116.66, placing the current price trajectory within a defined volatility channel that reflects recent market sentiment fluctuations. Risk characteristics are moderate relative to the broader market, evidenced by a beta of 0.47, which indicates that the stock price tends to move with less volatility than the overall market index, offering a degree of defensive stability during periods of equity market turbulence.
Growth & Income
Growth dynamics are characterized by a revenue growth rate of 19.8% year-over-year and an earnings growth rate of 27.0% year-over-year, demonstrating that profitability is expanding at a pace faster than sales volume, which typically points to improving operational leverage and margin expansion. The company currently distributes a dividend with a yield of 0.8% and maintains a payout ratio of 21.6%, a low level that suggests the firm retains the majority of its earnings for reinvestment while still providing a modest income return to shareholders. The sustainable nature of this dividend is reinforced by the low payout ratio, ensuring that the company retains sufficient cash flow to cover obligations and fund growth initiatives without risking dividend cuts. Overall, the growth and income profile presents a company that balances modest shareholder returns with aggressive internal capital deployment to drive future revenue and earnings expansion within the credit services sector.