Enova International, Inc. (ENVA) 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

+5.7%

$184.70

vs $174.81 price

Levered DCF

$2,100.16

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.68

Distress zone

Rating

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	12.82×	12.32×	9.7×	5.98×	5.81×	2.09×	6.33×	9.45×
P/B	2.91×	2.16×	1.37×	1.04×	1.36×	0.86×	2.15×	1.9×
P/S	1.23×	0.97×	0.8×	0.71×	1.23×	0.73×	0.69×	0.68×
EV / EBITDA	15.82×	18.24×	16.23×	11.25×	7.39×	5.18×	9.61×	13.53×
Gross margin	50.1%	46.6%	48.9%	57.7%	78.5%	55.1%	42.2%	40.1%
Operating margin	23.5%	22.0%	19.9%	22.1%	34.2%	33.0%	21.1%	18.0%
Net margin	9.8%	7.9%	8.3%	11.9%	21.2%	34.9%	3.1%	7.2%
Current ratio	0.23×	9.96×	15.79×	16.67×	14.7×	10.55×	9.89×	11.26×
Debt / equity	3.41×	3×	2.41×	1.93×	1.3×	1.11×	2.73×	2.47×
Interest coverage	4.36×	0×	2.17×	3.31×	5.4×	4.13×	3.28×	2.21×
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	23.1%	17.5%	14.1%	17.5%	23.4%	41.2%	9.7%	20.2%
Return on invested capital	247.3%	9.0%	7.5%	8.2%	12.1%	15.7%	12.9%	13.0%
Return on assets	4.8%	4.0%	3.8%	5.5%	9.3%	17.9%	2.3%	5.3%
Free cash flow yield	45.5%	57.9%	66.1%	68.6%	29.7%	90.0%	105.5%	101.1%
Earnings yield	7.9%	8.1%	10.3%	16.7%	17.2%	47.8%	4.5%	10.6%
Enterprise value	$8.4B	$6.1B	$4.3B	$3.4B	$2.7B	$1.5B	$1.8B	$1.5B
Net debt / EBITDA	8.48×	10.53×	9.84×	7.19×	3.39×	2.47×	5.29×	7.54×
Cash conversion cycle (days)	638	-6	619	642	573	412	337	298