Atlanticus Holdings Corporation (ATLC) vs EZCORP, Inc. (EZPW)

Atlanticus Holdings Corporation and EZCORP, Inc. are both Credit Services companies. EZCORP, Inc. is the larger, with a market value of $1.9B against $1.4B — 1.3× the size. Atlanticus Holdings Corporation trades at the lower P/E: 9.6× against 12.1×. Atlanticus Holdings Corporation grew revenue faster over the last twelve months: 83.7% against 28.6%. EZCORP, Inc. has the higher net margin (9.99% vs 5.46%) and the lower return on invested capital (13.9% vs 17.1%). Across the 21 metrics below, Atlanticus Holdings Corporation leads on 13 and EZCORP, Inc. on 8.

Valuation

Metric ATLC EZPW Credit Services median
P/E 9.63 12.08 9.64
P/S 0.53 1.21 0.87
P/B 2.01 1.64 1.16
Price to free cash flow 1.50 13.86 2.99
EV/EBITDA n/m 7.12 9.58
EV/Sales 0.55 1.16 2.32
Earnings yield 10.39% 8.28% 6.72%
Free cash flow yield 66.80% 7.21% 12.33%

Profitability

Metric ATLC EZPW Credit Services median
Gross margin 83.16% 58.55% 77.13%
Operating margin 0.00% 13.90% 0.34%
Net margin 5.46% 9.99% 9.25%
Free cash flow margin 35.30% 8.73% 13.03%
Return on equity 23.04% 14.67% 8.49%
Return on assets 2.60% 7.82% 2.29%
Return on invested capital 17.09% 13.94% 4.09%

Growth

Metric ATLC EZPW Credit Services median
Revenue growth (TTM) 83.72% 28.61% 4.62%
EPS growth (last fiscal year) 24.95% 29.09% —
Revenue growth, 5-year CAGR 28.43% 9.14% 9.13%
Net income growth, 5-year CAGR 7.73% 0.00% 0.00%

Health

Metric ATLC EZPW Credit Services median
Debt to equity 0.99 0.44 0.68
Current ratio 1.26 4.81 1.55
Net debt to EBITDA 0.00 (1.41) 0.13

Dividend

Metric ATLC EZPW Credit Services median
Dividend yield 1.22% — 3.34%
Payout ratio 0.00 0.00 0.00

Size

Metric ATLC EZPW Credit Services median
Market cap 1.39b 1.86b 872.19m

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