It is time... For reasons that will be clear tomorrow, we are going into the archives for the first 2021 edition of Value That Company!
Today: Consumer Finance
TTM: 217 M Rev; 12.7 M EBITDA
Prior year: 97 M Rev; -4.4 M EBITDA
2 yr ago: 23 M Rev; -2.9 M EBITDA
More details:
Today: Consumer Finance
TTM: 217 M Rev; 12.7 M EBITDA
Prior year: 97 M Rev; -4.4 M EBITDA
2 yr ago: 23 M Rev; -2.9 M EBITDA
More details:
https://twitter.com/skolcapital/status/1348848892050165766
This company does VERY sub-prime “leases” for POS transactions (tires, furniture, eyeglasses, etc). If a customer doesn’t qualify for the store credit card these guys step in for “lease to own.”
Markups are in the 100% context. Last year they established $195 Million of new leases and collected over $210 Million of lease revenue.
Senior debt of $65 Million; Jr debt of $10 Million.
What’s your overall value for the business?
Senior debt of $65 Million; Jr debt of $10 Million.
What’s your overall value for the business?
BTW, I fully realize this is NOT a “small business” ...
Final note: I would think this is right in the @ConorNeu wheelhouse
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