Atlanticus Holdings Corporation (ATLC) vs Navient Corporation (NAVI)

Atlanticus Holdings Corporation and Navient Corporation are both Credit Services companies. Atlanticus Holdings Corporation is the larger, with a market value of $1.4B against $872.2M — 1.6× the size. Navient Corporation has negative trailing earnings, so its P/E is not meaningful; Atlanticus Holdings Corporation trades at 9.6×. Atlanticus Holdings Corporation grew revenue faster over the last twelve months: 83.7% against −21.4%. Atlanticus Holdings Corporation has the higher net margin (5.46% vs −1.67%) and the higher return on invested capital (17.1% vs −0.11%). Both pay a dividend; Navient Corporation yields more (3.97% vs 1.22%). Across the 19 metrics below, Atlanticus Holdings Corporation leads on 15 and Navient Corporation on 4.

Valuation

Metric ATLC NAVI Credit Services median
P/E 9.63 n/m 9.64
P/S 0.53 0.29 0.87
P/B 2.01 0.36 1.16
Price to free cash flow 1.50 2.52 2.99
EV/EBITDA n/m n/m 9.58
EV/Sales 0.55 12.99 2.32
Earnings yield 10.39% (5.37%) 6.72%
Free cash flow yield 66.80% 39.66% 12.33%

Profitability

Metric ATLC NAVI Credit Services median
Gross margin 83.16% 20.06% 77.13%
Operating margin 0.00% 0.00% 0.34%
Net margin 5.46% (1.67%) 9.25%
Free cash flow margin 35.30% 11.37% 13.03%
Return on equity 23.04% (2.02%) 8.49%
Return on assets 2.60% (0.10%) 2.29%
Return on invested capital 17.09% (0.11%) 4.09%

Growth

Metric ATLC NAVI Credit Services median
Revenue growth (TTM) 83.72% (21.43%) 4.62%
EPS growth (last fiscal year) 24.95% (168.64%) —
Revenue growth, 5-year CAGR 28.43% (3.01%) 9.13%
Net income growth, 5-year CAGR 7.73% 0.00% 0.00%

Health

Metric ATLC NAVI Credit Services median
Debt to equity 0.99 16.73 0.68
Current ratio 1.26 10.53 1.55
Net debt to EBITDA 0.00 0.00 0.13

Dividend

Metric ATLC NAVI Credit Services median
Dividend yield 1.22% 3.97% 3.34%
Payout ratio 0.00 0.21 0.00

Size

Metric ATLC NAVI Credit Services median
Market cap 1.39b 872.19m 872.19m

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