회사 개요
Consumer Portfolio Services, Inc. (CPSS) operates as a specialty finance entity within the United States, specializing in the acquisition and servicing of retail automobile contracts that originate from franchised dealers and a select group of independent dealerships selling new and used vehicles. This business model places the firm squarely within the Financial Services sector, specifically the Credit Services industry, where its primary function involves managing the credit risk and collections associated with auto loans. The company maintains a market capitalization of $184.29M and generates annual revenue of $198.88M based on the latest trailing twelve-month data, while employing a workforce of 913 individuals to support its operations. These financial figures indicate that CPSS is a mid-sized player in the automotive finance landscape, possessing a valuation that reflects a niche focus on servicing existing loan portfolios rather than originating a vast volume of new credit lines like larger commercial banks.
재무 건전성
The company reports a trailing twelve-month revenue of $198.88M and a net income of $19.32M, while the EBITDA figure is not disclosed in the available financial data. The significant disparity between the reported revenue and net income highlights a substantial cost structure, where operating expenses, loan loss provisions, and other overhead costs consume a large portion of top-line earnings before reaching the bottom line. Regarding liquidity and cash generation, the free cash flow metric is not available for disclosure, which limits the ability to assess the company's immediate financial flexibility for capital expenditures or debt repayment without further reporting details. Profitability analysis reveals a gross margin of 100.0%, an operating margin of 14.3%, and a profit margin of 9.7%, indicating that the business model involves high revenue recognition relative to cost of goods sold but faces significant operational costs that impact the final earnings. The balance sheet shows a cash position of $6.32M against a total debt load of $3.50B, resulting in a debt-to-equity ratio of 1131.72, which characterizes the firm as highly leveraged rather than conservative. Short-term liquidity is supported by a current ratio of 2.47, suggesting the company holds sufficient current assets to cover its short-term liabilities nearly 2.5 times over. Return on equity stands at 6.4% while return on assets is 0.5%, revealing that management effectiveness in generating returns on shareholders' equity is moderate, whereas the return on the total asset base is quite low, likely due to the high debt financing used to acquire assets.
밸류에이션 평가
The valuation metrics show a trailing P/E ratio of 10.44 and a forward P/E of 5.76, implying that the market expects earnings per share to grow significantly in the future to justify the lower forward multiple compared to the historical trailing multiple. The price-to-book ratio is 0.59, indicating that the market values the company at less than its book value, which often suggests a lack of market premium over the underlying asset value or potential concerns regarding asset quality. Alternative valuation measures such as the price-to-sales ratio of 0.93 and the EV/EBITDA ratio which is not available, provide additional context where the low price-to-sales figure suggests the stock trades at roughly 93% of its annual sales, a common characteristic for credit services firms. The 52-week trading range spans from a low of $6.67 to a high of $10.51, and without a specific current price provided in the facts, the relative positioning can only be described as trading within this established volatility band. The beta value is 1.08, which indicates that the stock's price volatility is slightly higher than the broader market, moving 8% more than the market index on average during periods of fluctuation.
Growth & Income
Revenue growth over the past year stands at 4.9%, while earnings growth is recorded at 0.0%, indicating that earnings are currently growing at a much slower pace than revenue, suggesting that cost increases or other factors are eroding the bottom line faster than top-line expansion. Since the company does not pay dividends, the dividend yield is not available and the payout ratio is 0.0%, meaning the firm retains all of its earnings rather than distributing them to shareholders. This retention strategy implies that the company reinvests its earnings into growth initiatives or debt management rather than providing an income stream to investors. The overall growth and income profile for Consumer Portfolio Services, Inc. is defined by modest top-line expansion with stagnant earnings and a complete absence of dividend income, reflecting a capital-intensive, leveraged business model focused on portfolio servicing.