Enova International, Inc. (ENVA) vs Nelnet, Inc. (NNI)

Enova International, Inc. and Nelnet, Inc. are both Credit Services companies. Enova International, Inc. and Nelnet, Inc. are of similar size ($4.5B and $4.3B). Enova International, Inc. trades at the lower P/E: 12.1× against 14.9×. Enova International, Inc. grew revenue faster over the last twelve months: 17.7% against −6.25%. Nelnet, Inc. has the higher net margin (14.4% vs 10.3%) and the lower return on invested capital (3.14% vs 8.56%). Across the 21 metrics below, Enova International, Inc. leads on 13 and Nelnet, Inc. on 8.

Valuation

Metric ENVA NNI Credit Services median
P/E 12.14 14.87 9.64
P/S 1.25 2.13 0.87
P/B 2.88 1.23 1.16
Price to free cash flow 2.21 15.36 2.99
EV/EBITDA 10.03 n/m 9.58
EV/Sales 2.57 3.75 2.32
Earnings yield 8.24% 6.72% 6.72%
Free cash flow yield 45.24% 6.51% 12.33%

Profitability

Metric ENVA NNI Credit Services median
Gross margin 59.77% 78.28% 77.13%
Operating margin 24.02% 0.00% 0.34%
Net margin 10.31% 14.35% 9.25%
Free cash flow margin 56.67% 13.85% 13.03%
Return on equity 26.08% 8.49% 8.49%
Return on assets 5.49% 2.16% 2.29%
Return on invested capital 8.56% 3.14% 4.09%

Growth

Metric ENVA NNI Credit Services median
Revenue growth (TTM) 17.65% (6.25%) 4.62%
EPS growth (last fiscal year) 55.05% 134.86% —
Revenue growth, 5-year CAGR 23.80% 5.45% 9.13%
Net income growth, 5-year CAGR (3.98%) 3.98% 0.00%

Health

Metric ENVA NNI Credit Services median
Debt to equity 3.35 1.94 0.68
Current ratio 18.42 836.59 1.55
Net debt to EBITDA 5.13 0.00 0.13

Dividend

Metric ENVA NNI Credit Services median
Dividend yield — 1.20% 3.34%
Payout ratio 0.00 0.20 0.00

Size

Metric ENVA NNI Credit Services median
Market cap 4.28b 4.47b 872.19m

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