Discounted Cash Flow

Enova International, Inc.

ENVA · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $745.6m $34.6m $34.6m 4.6% $1.04
2017 $843.7m (13.2%) $29.2m (-15.5%) $29.2m (-15.5%) 3.5% (-25.3%) $0.87 (-16.3%)
2018 $1.1b (32.0%) $70.1m (139.7%) $668.8m (2187.1%) 6.3% (81.6%) $2.06 (136.8%)
2019 $1.2b (5.4%) $36.6m (-47.8%) $36.6m (-94.5%) 3.1% (-50.5%) $1.09 (-47.1%)
2020 $1.1b (-7.8%) $377.8m (932.0%) $711.4m (1843.0%) 34.9% (1018.7%) $11.85 (987.2%)
2021 $1.2b (11.5%) $256.3m (-32.2%) $442.2m (-37.8%) 21.2% (-39.1%) $7.05 (-40.5%)
2022 $1.7b (43.7%) $207.4m (-19.1%) $850.4m (92.3%) 11.9% (-43.7%) $6.42 (-8.9%)
2023 $2.1b (22.0%) $175.1m (-15.6%) $1.1b (31.9%) 8.3% (-30.8%) $5.71 (-11.1%)
2024 $2.7b (25.5%) $209.4m (19.6%) $1.5b (33.3%) 7.9% (-4.7%) $7.78 (36.3%)
2025 $3.2b (18.6%) $308.4m (47.2%) $1.8b (18.5%) 9.8% (24.2%) $12.25 (57.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model