Consumer Portfolio Services, Inc. (CPSS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+1110.0%

$121.12

vs $10.01 price

Levered DCF

$292.69

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.21

Distress zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	10.6×	12.07×	4.32×	2.16×	5.62×	4.42×	14.04×	4.43×
P/B	0.66×	0.79×	0.71×	0.81×	1.57×	0.72×	0.37×	0.34×
P/S	0.48×	0.59×	0.56×	0.56×	1×	0.35×	0.22×	0.17×
EV / EBITDA	14.25×	114.9×	42.64×	21.22×	30.34×	88.26×	230.49×	117.3×
Gross margin	99.6%	52.7%	64.7%	82.0%	77.4%	57.4%	43.2%	39.8%
Operating margin	60.8%	7.0%	17.4%	35.2%	24.5%	7.4%	2.6%	4.8%
Net margin	4.5%	4.9%	12.9%	26.1%	17.7%	8.0%	1.6%	3.8%
Current ratio	0.44×	0×	0×	0×	0×	0×	0.13×	0.27×
Debt / equity	11.33×	10.78×	9.36×	10.85×	11.48×	14.86×	11.3×	11.45×
Interest coverage	1.12×	0.14×	0.42×	1.33×	0.87×	0.2×	0.08×	0.18×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.2%	6.6%	16.5%	37.6%	27.9%	16.3%	2.7%	7.5%
Return on invested capital	2831.3%	139.1%	629.7%	-183.5%	113.5%	50.7%	0.2%	0.6%
Return on assets	0.5%	0.5%	1.6%	3.1%	2.2%	1.0%	0.2%	0.6%
Free cash flow yield	141.2%	100.9%	121.3%	115.3%	73.4%	249.0%	286.0%	325.0%
Earnings yield	9.5%	8.3%	23.2%	46.4%	17.8%	22.6%	7.2%	22.5%
Enterprise value	$3.7B	$3.3B	$2.6B	$2.5B	$2B	$1.9B	$2.4B	$2.3B
Net debt / EBITDA	13.46×	106.73×	39.47×	19.65×	26.38×	83.88×	223.11×	113.94×
Cash conversion cycle (days)	-10,397	3,078	2,849	2,821	2,627	2,611	12	-19