Enova International, Inc. (ENVA) vs SLM Corporation (SLM)

Enova International, Inc. and SLM Corporation are both Credit Services companies. Enova International, Inc. and SLM Corporation are of similar size ($4.3B and $4.3B). SLM Corporation trades at the lower P/E: 6.5× against 12.1×. Enova International, Inc. grew revenue faster over the last twelve months: 17.7% against 5.37%. SLM Corporation has the higher net margin (23.5% vs 10.3%) and the higher return on invested capital (17.8% vs 8.56%). Across the 20 metrics below, SLM Corporation leads on 11 and Enova International, Inc. on 9.

Valuation

Metric ENVA SLM Credit Services median
P/E 12.14 6.52 9.64
P/S 1.25 1.45 0.87
P/B 2.88 2.01 1.16
Price to free cash flow 2.21 n/m 2.99
EV/EBITDA 10.03 n/m 9.58
EV/Sales 2.57 1.78 2.32
Earnings yield 8.24% 15.34% 6.72%
Free cash flow yield 45.24% (7.28%) 12.33%

Profitability

Metric ENVA SLM Credit Services median
Gross margin 59.77% 63.91% 77.13%
Operating margin 24.02% 0.00% 0.34%
Net margin 10.31% 23.48% 9.25%
Free cash flow margin 56.67% (10.58%) 13.03%
Return on equity 26.08% 33.15% 8.49%
Return on assets 5.49% 2.48% 2.29%
Return on invested capital 8.56% 17.76% 4.09%

Growth

Metric ENVA SLM Credit Services median
Revenue growth (TTM) 17.65% 5.37% 4.62%
EPS growth (last fiscal year) 55.05% 29.10% —
Revenue growth, 5-year CAGR 23.80% 5.73% 9.13%
Net income growth, 5-year CAGR (3.98%) (3.49%) 0.00%

Health

Metric ENVA SLM Credit Services median
Debt to equity 3.35 2.36 0.68
Current ratio 18.42 1.33 1.55
Net debt to EBITDA 5.13 0.00 0.13

Dividend

Metric ENVA SLM Credit Services median
Dividend yield — 2.30% 3.34%
Payout ratio 0.00 0.28 0.00

Size

Metric ENVA SLM Credit Services median
Market cap 4.28b 4.33b 872.19m

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