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General information

Country: UNITED STATES

Sector: Credit Services

Atlanticus Holdings Corporation provides credit and related financial services and products to financially underserved consumer credit market in the United States. It operates in two segments, Credit and Other Investments, and Auto Finance. The Credit and Other Investments segment originates a range of consumer loan products, such as retail credit and credit cards through various channels, including retail point-of-sale, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, educational services, and home-improvements by partnering with retailers and service providers. This segment also invests in and services portfolios of credit card receivables. In addition, it offers loan servicing, such as risk management and customer service outsourcing for third parties; and engages in testing and investment activities in consumer finance technology platforms. The Auto Finance segment purchases and/or services loans secured by automobiles from or for a pre-qualified network of independent automotive dealers and automotive finance companies in the buy-here, pay-here, and used car business. This segment also provides floor plan financing and installment lending products...
Website: atlanticus.com



Growth: Good revenue growth rate 14.9%, there is slowdown compared to average historical growth rates 66.2%. The revenue growth dynamics is moderately stable

Profitability: LTM net profit margin is positive, +8.8%. On average the margin is decreasing unsteadily. Gross margin is high, +91.2%. In the last quarter the company beat the estimated EPS, +16.1%. The company was ahead of estimated EPS in 60% of quarters (showing a gain of -$0.10 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 35.0% higher than minimum and 66.1% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued 4.6x by P / Sales multiple , the company can be >100% undervalued

Insiders: For the last 3 months insiders sold company shares on $0.1 mln (-0.017% of cap.)

Key Financials (Download financials)

Ticker: ATLC
Share price, USD:  (-3.0%)29.59
year average price 33.45  


year start price 27.13 2023-03-31

min close price 26.63 2023-04-04

max close price 42.97 2023-06-15

current price 29.59 2024-03-29
Common stocks: 15 187 211

Dividend Yield:  0.0%
P / E LTM: 4.4x
P / E annualized: 4.3x
Last revenue growth (y/y):  14.9%
Last growth of Net Income (y/y):  8.3%
Historical revenue growth:  66.2%
Historical growth of Net Income:  25.5%
P / Sales: 0.4x
Margin (Net Income LTM / Revenue): 8.8%
Fundamental value created in LTM:
Market Cap ($m): 449
Price to Book: 1.0x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-03-28Seeking Alpha

Atlanticus Holdings: A Cheap, High ROE Business

2024-02-21Zacks Investment Research

Are Investors Undervaluing Atlanticus (ATLC) Right Now?

2024-01-31Zacks Investment Research

Is Atlanticus (ATLC) Stock Undervalued Right Now?

2023-10-03Seeking Alpha

Atlanticus Holdings: Turning The Corner And Poised To Deliver

2023-09-26Zacks Investment Research

Can Value Investors Consider Atlanticus (ATLC) Stock Now?

2023-08-18Zacks Investment Research

Atlanticus Holdings Corporation (ATLC) Loses -19.23% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

2023-08-17Zacks Investment Research

Atlanticus Holdings Corporation (ATLC) Loses -20.01% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

2023-07-24Seeking Alpha

Atlanticus Holdings: Significant Market Opportunity, Well-Positioned For It

2023-06-16Zacks Investment Research

Atlanticus Holdings Corporation (ATLC) Moves 5.7% Higher: Will This Strength Last?
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol ATLC ATLC ATLC ATLC ATLC ATLC
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-03-04 2023-11-09 2023-08-09 2023-05-09 2023-03-15 2022-11-08
acceptedDate 2024-03-04 17:22:27 2023-11-08 22:00:14 2023-08-09 17:09:22 2023-05-09 17:13:56 2023-03-14 17:58:38 2022-11-08 16:24:23
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 309M 295M 65M 63M 59M 68M
costOfRevenue 27M 11M 11M 11M 34M 0
grossProfit 282M 284M 54M 52M 25M 68M
grossProfitRatio 0.912 0.961 0.835 0.830 0.431 1.000
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 11M 11M 11M 11M 11M 10M
sellingAndMarketingExpenses 15M 13M 14M 10M 11M 11M
sellingGeneralAndAdministrativeExpenses 26M 13M 25M 21M 22M 21M
otherExpenses -218M 33M 31M 31M 100M 32M
operatingExpenses 218M 45M 46M 42M 152M 43M
costAndExpenses 246M 56M 56M 52M 184M 53M
interestIncome 225M 225M 220M 210M 212M 218M
interestExpense 33M -28M 24M 24M 24M 22M
depreciationAndAmortization 652 000 647 000 643 000 844 000 754 000 694 000
ebitda 65M 238M 234M 209M 156M 55M
ebitdaratio 0.209 0.808 3.607 3.333 2.656 0.815
operatingIncome 64M 238M 234M 208M 156M 55M
operatingIncomeRatio 0.207 0.808 3.607 3.320 2.643 0.804
totalOtherIncomeExpensesNet -33M -207M -202M -174M -126M -15M
incomeBeforeTax 31M 32M 32M 34M 30M 39M
incomeBeforeTaxRatio 0.099 0.108 0.493 0.544 0.506 0.578
incomeTaxExpense 4M -7M 7M 8M 6M 7M
netIncome 26M 39M 25M 26M 24M 33M
netIncomeRatio 0.085 0.131 0.386 0.418 0.407 0.479
eps 1.370 2.100 1.360 1.380 6.780 1.810
epsdiluted 1.100 2.040 1.360 1.080 4.890 1.410
weightedAverageShsOut 19M 18M 18M 14M 15M 15M
weightedAverageShsOutDil 19M 19M 18M 19M 21M 19M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol ATLC ATLC ATLC ATLC ATLC ATLC
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-03-04 2023-11-09 2023-08-09 2023-05-09 2023-03-15 2022-11-08
acceptedDate 2024-03-04 17:22:27 2023-11-08 22:00:14 2023-08-09 17:09:22 2023-05-09 17:13:56 2023-03-14 17:58:38 2022-11-08 16:24:23
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 384M 356M 343M 390M 385M 353M
shortTermInvestments 0 44M 52M 0 0 0
cashAndShortTermInvestments 384M 400M 394M 390M 385M 353M
netReceivables 2 272M 4 314M 4 040M 3 796M 3 722M 3 544M
inventory 384M 400M 394M 0 0 0
otherCurrentAssets -384M -400M -394M 0 0 0
totalCurrentAssets 2 656M 4 714M 4 434M 4 186M 4 107M 3 896M
propertyPlantEquipmentNet 23M 23M 24M 24M 22M 19M
goodwill 0 0 0 0 0 0
intangibleAssets 0 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 0 0 0
longTermInvestments 0 0 0 0 0 0
taxAssets 0 0 0 0 0 0
otherNonCurrentAssets -11M -12M -13M -12M -10M -7M
totalNonCurrentAssets 11M 11M 11M 12M 12M 12M
otherAssets 39M -2 129M -1 991M -1 822M -1 731M -1 656M
totalAssets 2 706M 2 597M 2 455M 2 375M 2 388M 2 252M
accountPayables 62M 48M 47M 42M 44M 43M
shortTermDebt 65M 1 808M 1 686M 1 635M 1 673M 1 564M
taxPayables 86M 81M 76M 69M 61M 55M
deferredRevenue -18M -18M -19M -18M -16M -17M
otherCurrentLiabilities 1 841M 33M 28M 27M 61M 55M
totalCurrentLiabilities 1 950M 1 871M 1 743M 1 686M 1 762M 1 646M
longTermDebt 1 944M 1 953M 1 830M 1 780M 1 818M 1 708M
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0
otherNonCurrentLiabilities -1 720M -1 742M -1 619M -1 575M -1 657M -1 430M
totalNonCurrentLiabilities 224M 211M 211M 205M 161M 161M
otherLiabilities 0 100M 100M 100M 100M 100M
capitalLeaseObligations 17M 20M 21M 20M 20M 20M
totalLiabilities 2 174M 2 182M 2 053M 1 991M 2 023M 1 906M
preferredStock 40M 40M 40M 40M 40M 40M
commonStock 0 0 0 0 0 0
retainedEarnings 307M 281M 256M 231M 204M 180M
accumulatedOtherComprehensiveIncomeLoss 0 0 0 0 0 0
othertotalStockholdersEquity 87M 96M 108M 116M 122M 127M
totalStockholdersEquity 435M 417M 403M 386M 366M 347M
totalEquity 533M 415M 401M 385M 366M 347M
totalLiabilitiesAndStockholdersEquity 2 706M 2 597M 2 455M 2 375M 2 388M 2 252M
minorityInterest 98M -2M -2M -2M -1M 0
totalLiabilitiesAndTotalEquity 2 706M 2 597M 2 455M 2 375M 2 388M 2 252M
totalInvestments 0 44M 52M 0 0 0
totalDebt 2 026M 1 953M 1 830M 1 780M 1 818M 1 708M
netDebt 1 643M 1 597M 1 487M 1 390M 1 433M 1 355M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol ATLC ATLC ATLC ATLC ATLC ATLC
reportedCurrency USD USD USD USD USD USD
cik 1M 1M 1M 1M 1M 1M
fillingDate 2024-03-04 2023-11-09 2023-08-09 2023-05-09 2023-03-15 2022-11-08
acceptedDate 2024-03-04 17:22:27 2023-11-08 22:00:14 2023-08-09 17:09:22 2023-05-09 17:13:56 2023-03-14 17:58:38 2022-11-08 16:24:23
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 26M 25M 25M 26M 24M 32M
depreciationAndAmortization 652 000 1M 852 000 844 000 754 000 694 000
deferredIncomeTax 38M -34M -47M 0 0 0
stockBasedCompensation 913 000 908 000 1M 931 000 940 000 930 000
changeInWorkingCapital -92M -53M -49M -44M -61M -66M
accountsReceivables 0 0 0 0 0 0
inventory 0 0 0 0 0 0
accountsPayables 13M 1M 6M -2M 1M -3M
otherWorkingCapital -105M -55M -55M -42M -62M -63M
otherNonCashItems 159M 177M 178M 118M 136M 125M
netCashProvidedByOperatingActivities 133M 117M 108M 102M 100M 93M
investmentsInPropertyPlantAndEquipment -83 000 -111 000 -1M -3M -4M -698 000
acquisitionsNet -499M 231M 201M 0 0 0
purchasesOfInvestments -656M -668M -647M 0 0 0
salesMaturitiesOfInvestments 435M 437M 446M 0 0 0
otherInvestingActivites 509M -219M -187M -51M -153M -170M
netCashUsedForInvestingActivites -211M -220M -188M -53M -156M -170M
debtRepayment -71M -299M -148M -95M -91M -118M
commonStockIssued 315 000 3M 83 000 1M 246 000 191 000
commonStockRepurchased -3M -9M -3M -2M 89M -11M
dividendsPaid -6M -6M -6M -6M -6M -6M
otherFinancingActivites 143M 420M 197M 55M 110M 232M
netCashUsedProvidedByFinancingActivities 62M 108M 40M -47M 102M 98M
effectOfForexChangesOnCash -1000.000 -1000.000 1000.000 3000.000 25 000 -25 000
netChangeInCash -16M 6M -40M 1M 47M 20M
cashAtEndOfPeriod 384M 400M 394M 435M 433M 387M
cashAtBeginningOfPeriod 400M 394M 435M 433M 387M 366M
operatingCashFlow 133M 117M 108M 102M 100M 93M
capitalExpenditure -83 000 -111 000 -1M -3M -4M -698 000
freeCashFlow 133M 117M 107M 99M 97M 92M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-03-04 22:25 ET
Atlanticus Reports Fourth Quarter and Full Year 2023 Financial Results
2024-02-14 20:26 ET
Atlanticus Closes Option in connection with Offering of Senior Notes
2024-02-12 21:30 ET
Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
2024-01-30 17:49 ET
Atlanticus Closes $50 Million Offering of Senior Notes
2024-01-26 13:00 ET
Atlanticus Prices $50 Million Offering of Senior Notes
2024-01-24 13:12 ET
Atlanticus Announces Offering of Senior Notes
2023-11-13 21:15 ET
Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
2023-11-08 22:10 ET
Atlanticus Reports Third Quarter 2023 Financial Results
2023-10-31 23:19 ET
Atlanticus Ranks in Fortune’s 100 Fastest-Growing Companies List for Third Consecutive Year
2023-10-25 13:00 ET
Atlanticus New Hire Announcement: Senior Vice President, Head of Co-Brand Partnership Development
2023-08-11 20:15 ET
Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
2023-08-09 00:49 ET
Atlanticus Reports Second Quarter 2023 Financial Results
2023-05-17 20:15 ET
Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
2023-05-09 21:22 ET
Atlanticus Reports First Quarter 2023 Financial Results
2023-03-15 00:15 ET
Atlanticus Reports Fourth Quarter and Full Year 2022 Financial Results
2023-02-17 21:15 ET
Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
2022-11-10 21:30 ET
Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
2022-11-08 21:34 ET
Atlanticus Reports Third Quarter 2022 Financial Results
2022-11-07 19:26 ET
Atlanticus Promotes Rosalind Drakeford to Managing Counsel, Chief Compliance Officer and Corporate Secretary
2022-11-03 19:00 ET
Atlanticus Launches Aspire® Banking Platform, New Debit Product with Path to Credit for the Financially Underserved
2022-10-31 17:43 ET
Atlanticus Ranks in Top 5 of Fortune’s 100 Fastest-Growing Companies List for Second Consecutive Year
2022-09-01 14:01 ET
ATLANTICUS HONORED IN TOP 10 “BEST PLACES TO WORK” BY ATLANTA BUSINESS CHRONICLE
2022-08-12 20:30 ET
Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
2022-08-09 21:40 ET
Atlanticus Reports Second Quarter 2022 Financial Results
2022-05-11 20:30 ET
Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
2022-05-10 20:25 ET
Atlanticus Reports First Quarter 2022 Financial Results
2022-03-21 20:15 ET
Atlanticus Announces Appointment of Dennis James to its Board of Directors
2022-03-15 20:46 ET
Atlanticus Reports Fourth Quarter and Full Year 2021 Financial Results
2022-02-22 21:30 ET
Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
2022-01-13 14:00 ET
Atlanticus Named to Best Companies of 2021 List by Investor’s Business Daily
2021-12-02 14:00 ET
Atlanticus Announces Two Senior Promotions in Key Data and Technology Roles
2021-11-30 21:15 ET
Atlanticus Closes Over-Allotment Option in connection with Offering of Senior Notes
2021-11-22 16:39 ET
Atlanticus Closes $135 Million Offering of Senior Notes
2021-11-17 22:30 ET
Atlanticus Prices $135 Million Offering of Senior Notes
2021-11-16 14:00 ET
Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
2021-11-15 21:05 ET
Atlanticus Announces Offering of Senior Notes
2021-11-12 21:20 ET
Atlanticus Reports Third Quarter 2021 Financial Results
2021-11-01 13:00 ET
Atlanticus Takes Top Spot on Fortune’s 100 Fastest-Growing Companies List
2021-10-04 13:00 ET
Fortiva® Retail Credit Renews Relationship with Vivint Smart Home
2021-09-01 12:30 ET
Atlanticus Announces Promotion of Linda Brooks to Chief Technology Officer
2021-08-26 20:15 ET
Atlanticus Announces Approval of Quarterly Preferred Stock Dividend
2021-08-13 20:38 ET
Atlanticus Reports Second Quarter 2021 Financial Results
2021-07-08 20:15 ET
Atlanticus Holdings Corporation Announces Closing of Over-Allotment Option in Connection with Offering of Series B Cumulative Perpetual Preferred Stock
2021-06-17 20:15 ET
Atlanticus Announces Full Redemption of 5.875% Convertible Senior Notes due 2035
2021-06-11 16:22 ET
Atlanticus Holdings Corporation Closes Preferred Stock Offering
2021-06-09 12:30 ET
Atlanticus Holdings Corporation Prices $70 Million Offering of Series B Cumulative Perpetual Preferred Stock
2021-06-07 20:16 ET
Atlanticus Holdings Corporation Announces Offering of Series B Cumulative Perpetual Preferred Stock
2021-05-17 11:00 ET
Atlanticus Reports First Quarter 2021 Financial Results
2021-03-31 20:33 ET
Atlanticus Reports Full Year 2020 Financial Results
2021-03-22 20:05 ET
Atlanticus Announces Leadership Transition; Discussion of Operational Achievements
2021-01-27 14:00 ET
Atlanticus Announces Appointment of Denise Hales Harrod and Joann Jones to its Board of Directors
2020-11-23 21:00 ET
Atlanticus Holdings Corporation announces appointment of Senior Vice Presidents of Marketing and Business Development
2020-10-09 20:30 ET
Fortiva® Retail Credit announces strategic partnership with HFA to offer second look financing solutions
2020-09-21 16:57 ET
Atlanticus Joins GreenPrint’s IMPACT COLLECTIVE to offset their Carbon Footprint and Increase Sustainability Efforts
2019-11-12 13:00 ET
Fortiva® Retail Credit Expands Partnership with American Signature Furniture to Offer Second Look Financing Solutions Nationwide
2019-09-27 20:30 ET
ATLANTICUS HOLDINGS CORPORATION APPOINTS AKBAR RIZVI AS SENIOR VICE PRESIDENT OF MARKETING
2019-09-23 21:03 ET
ATLANTICUS HOLDINGS CORPORATION APPOINTS MATT ZALUBOWSKI SENIOR VICE PRESIDENT, BUSINESS DEVELOPMENT – RETAIL CREDIT
2019-04-19 13:00 ET
Fortiva® Retail Credit Partners With Bob's Discount Furniture To Extend Financing To More Consumers

SEC forms

Show financial reports only

SEC form 10
2024-03-04 17:22 ET
Atlanticus Corporation published news for 2023 q4
SEC form 10
2024-03-04 00:00 ET
Atlanticus Corporation reported for 2023 q4
SEC form 8
2024-01-24 00:00 ET
Atlanticus Corporation published news for 2023 q4
SEC form 8
2024-01-24 00:00 ET
Atlanticus Corporation published news for 2023 q4
SEC form 8
2024-01-24 00:00 ET
Atlanticus Corporation published news for 2023 q4
SEC form 10
2023-11-09 00:00 ET
Atlanticus Corporation published news for 2023 q3
SEC form 10
2023-11-08 22:00 ET
Atlanticus Corporation published news for 2023 q3
SEC form 8
2023-11-08 00:00 ET
Atlanticus Corporation published news for 2023 q3
SEC form 10
2023-08-09 17:09 ET
Atlanticus Corporation reported for 2023 q2
SEC form 10
2023-08-09 00:00 ET
Atlanticus Corporation published news for 2023 q2
SEC form 8
2023-08-09 00:00 ET
Atlanticus Corporation published news for 2023 q2
SEC form 6
2023-08-08 18:05 ET
Atlanticus Corporation reported for 2023 q2
SEC form 10
2023-05-09 00:00 ET
Atlanticus Corporation reported for 2023 q1
SEC form 10
2023-03-15 00:00 ET
Atlanticus Corporation reported for 2022 q4
SEC form 8
2023-03-15 00:00 ET
Atlanticus Corporation reported for 2022 q4
SEC form 10
2022-11-08 00:00 ET
Atlanticus Corporation reported for 2022 q3
SEC form 10
2022-08-09 00:00 ET
Atlanticus Corporation reported for 2022 q2
SEC form 10
2022-05-10 00:00 ET
Atlanticus Corporation reported for 2022 q1
SEC form 10
2022-03-15 00:00 ET
Atlanticus Corporation published news for 2021 q4
SEC form 10
2021-11-12 00:00 ET
Atlanticus Corporation published news for 2021 q3
SEC form 10
2021-08-13 00:00 ET
Atlanticus Corporation published news for 2021 q2