Now trading at a price of $1.3, CURO has moved -5.8% so far today.
CURO returned losses of -83.9% last year, with its stock price reaching a high of $8.89 and a low of $1.26. Over the same period, the stock underperformed the S&P 500 index by -89.0%. As of April 2023, the company's 50-day average price was $1.66. CURO Group Holdings Corp., together with its subsidiaries, provides consumer finance products in the United States and Canada. Based in Chicago, IL, the small-cap Finance company has 4,000 full time employees. CURO has not offered a dividend during the last year.
The Business Is Unprofitable and Its Balance Sheet Is Highly Leveraged:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (k) | $830,802 | $569,013 | $660,453 | $776,129 |
| Interest Income | -$69,763 | -$72,709 | -$97,334 | $719,746 |
| Net Margins | 13.42% | 13.31% | 8.98% | -23.9% |
| Net Income (k) | $111,488 | $75,733 | $59,334 | -$185,484 |
| Depreciation & Amort. | -$18,630 | -$17,498 | -$26,955 | -$36,322 |
| Earnings Per Share | $2.43 | $1.8 | $1.38 | -$4.52 |
| EPS Growth | n/a | -25.93% | -23.33% | -427.54% |
| Diluted Shares (k) | 45,974 | 42,091 | 43,143 | 40,960 |
| Free Cash Flow (k) | $636,650 | $394,299 | $299,525 | $238,786 |
| Capital Expenditures | -$13,981 | -$10,920 | -$23,648 | -$45,821 |
| Long Term Debt (k) | $790,544 | $819,661 | $980,721 | $2,607,314 |
| Net Debt / EBITDA | 3.47 | 4.34 | 9.19 | 7.37 |
CURO's financial statements include several red flags such as weak net margins with a negative growth trend, declining EPS growth, and a deteriorating pattern of cash flows. Additionally, the firm has a highly leveraged balance sheet. On the other hand, the company has stable revenues and increasing reinvestment in the business working in its favor.
CURO does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $0.94, the company has a forward P/E ratio of 1.8. In comparison, the average P/E ratio for the Finance sector is 14.34.
There's an Analyst Consensus of Strong Upside Potential for CURO:
The 3 analysts following CURO have set target prices ranging from $2.0 to $5.0 per share, for an average of $3.23 with a hold rating. As of April 2023, the company is trading -48.6% away from its average target price, indicating that there is an analyst consensus of strong upside potential.
CURO has an average amount of shares sold short because 5.8% of the company's shares are sold short. Institutions own 36.2% of the company's shares, and the insider ownership rate stands at 49.78%, suggesting a large amount of insider shareholders. The largest shareholder is Oco Capital Partners, L.p., whose 10% stake in the company is worth $5,134,999.
