회사 개요
Credit Acceptance Corporation (CACC) operates within the United States by advancing capital to automobile dealerships and subsequently purchasing the consumer loans generated from these sales, thereby assuming the responsibility for servicing the underlying debt obligations. The company functions as a core entity within the Financial Services sector, specifically categorized under the Credit Services industry, where it specializes in providing financing programs and related products to facilitate vehicle transactions. With a market capitalization of 51.7 억 달러 (5.17B USD), an annual revenue of 12 억 4 천만 달러 (1.24B USD), and a workforce comprising 2,314 종업원 (employees), the firm represents a significant player in the automotive lending landscape. The substantial market capitalization combined with annual revenues exceeding 10 억 달러 indicates that the company maintains a dominant position capable of absorbing risks associated with high-volume consumer lending while sustaining a large-scale operational footprint.
재무 건전성
Credit Acceptance Corporation reports a trailing twelve-month revenue of 12 억 4 천만 달러 (1.24B USD) and a net income of 4 억 2 천 390 만 달러 (423.90M USD), while EBITDA figures are not available in the current dataset. The significant disparity between the gross revenue of 12 억 4 천만 달러 and the net income of 4 억 2 천 390 만 달러 reveals a highly efficient cost structure where the company retains a substantial portion of its top-line revenue after covering all operating expenses and taxes. Free cash flow data is not disclosed in the provided information, which limits the immediate assessment of internal cash generation but highlights the need to rely on accounting profits for liquidity analysis in the absence of specific cash flow metrics. The company demonstrates exceptional profitability with a gross margin of 94.2%, an operating margin of 46.7%, and a profit margin of 34.2%, indicating that the vast majority of revenue is converted into profit before interest and taxes. In terms of leverage, total debt stands at 63 억 6 천만 달러 (6.36B USD) against a cash balance of 2 천 2 천 80 만 달러 (22.80M USD), resulting in a debt-to-equity ratio of 417.17% that suggests a highly leveraged balance sheet typical of financial intermediaries. Despite the high leverage, the current ratio of 3.29 indicates robust short-term liquidity, as the company holds significantly more current assets than current liabilities to meet its obligations. Return on equity is measured at 25.9% while return on assets sits at 4.8%, revealing that management is highly effective at generating shareholder returns relative to the equity invested, even though asset utilization is moderated by the heavy debt load.
밸류에이션 평가
The valuation of Credit Acceptance Corporation is anchored by a trailing twelve-month price-to-earnings (P/E) ratio of 12.88 and a forward P/E ratio of 9.24, implying that the market anticipates a significant increase in future earnings relative to current profitability levels. The price-to-book ratio of 3.29 suggests that the market values the company at more than three times its book value, reflecting a premium assigned to its intangible assets, brand strength, and future growth potential in the lending sector. Alternative valuation metrics include a price-to-sales ratio of 4.18, while the enterprise value-to-EBITDA multiple is not provided in the available data, offering a limited view of valuation relative to operating cash earnings. The stock price has fluctuated between a 52-week high of 549.75 달러 and a 52-week low of 401.90 달러, and without a specific current share price, the relative positioning within this range cannot be calculated but the historical volatility is evident. The beta of 1.32 indicates that the stock's price volatility is 32% higher than the broader market, suggesting that Credit Acceptance Corporation is more sensitive to market movements and economic cycles than the average financial service provider.
Growth & Income
The company's growth trajectory is characterized by a year-over-year revenue growth of 1.6% and a year-over-year earnings growth of -10.4%, indicating that earnings are contracting at a significantly faster rate than revenue, which may reflect margin compression or one-time costs impacting the bottom line. As a non-dividend payer, Credit Acceptance Corporation reports a dividend yield of N/A and a payout ratio of 0.0%, meaning the company retains all of its net income to reinvest in business operations, acquire assets, or reduce debt rather than distributing cash to shareholders. The absence of a dividend program combined with negative earnings growth suggests a strategic focus on capital preservation and internal funding for expansion rather than income distribution to investors. Overall, the growth and income profile presents a high-growth potential scenario offset by current earnings contraction and zero dividend income, typical of companies in the early stages of restructuring or scaling within the financial services industry.