PROG HOLDINGS, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 34.02 USD | -2.58% |
|
+6.28% | +10.06% |
| Apr. 24 | PROG Holdings Q1 Non-GAAP Earnings, Revenue Fall; Q2 Outlook Set | MT |
| Apr. 24 | Transcript : PROG Holdings, Inc., Q1 2024 Earnings Call, Apr 24, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,835 | 3,639 | 2,950 | 845.1 | 1,382 | 1,469 | - | - |
| Enterprise Value (EV) 1 | 3,835 | 3,653 | 3,369 | 1,304 | 1,819 | 1,872 | 1,879 | 1,895 |
| P/E ratio | 124 x | -59.9 x | 12.3 x | 8.89 x | 10.4 x | 14.4 x | 11.1 x | 10 x |
| Yield | 0.25% | 0.31% | - | - | - | 1.41% | 1.41% | - |
| Capitalization / Revenue | 0.97 x | 1.46 x | 1.1 x | 0.33 x | 0.57 x | 0.62 x | 0.6 x | 0.59 x |
| EV / Revenue | 0.97 x | 1.47 x | 1.26 x | 0.5 x | 0.76 x | 0.8 x | 0.77 x | 0.76 x |
| EV / EBITDA | 8.82 x | 11.4 x | 8.67 x | 5.09 x | 6.12 x | 7.48 x | 5.94 x | 7.01 x |
| EV / FCF | 17.1 x | 9.33 x | 14.3 x | 5.6 x | 9.35 x | 12.9 x | 16.5 x | 15.2 x |
| FCF Yield | 5.85% | 10.7% | 7.02% | 17.9% | 10.7% | 7.75% | 6.08% | 6.57% |
| Price to Book | 2.19 x | 3.7 x | - | 1.42 x | 2.28 x | 2.43 x | 2.27 x | - |
| Nbr of stocks (in thousands) | 67,152 | 67,557 | 65,391 | 50,033 | 44,722 | 43,175 | - | - |
| Reference price 2 | 57.11 | 53.87 | 45.11 | 16.89 | 30.91 | 34.02 | 34.02 | 34.02 |
| Announcement Date | 2/20/20 | 2/25/21 | 2/23/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,948 | 2,485 | 2,678 | 2,598 | 2,408 | 2,352 | 2,440 | 2,498 |
| EBITDA 1 | 434.8 | 320.9 | 388.7 | 256.2 | 297.4 | 250.4 | 316.5 | 270.2 |
| EBIT 1 | 341.5 | 271.8 | 333.5 | 185.6 | 225.6 | 180.2 | 214.8 | 217.2 |
| Operating Margin | 8.65% | 10.94% | 12.45% | 7.15% | 9.37% | 7.66% | 8.8% | 8.7% |
| Earnings before Tax (EBT) 1 | 92.79 | 271.6 | 328.2 | 148.2 | 196.2 | 149.6 | 185.5 | 186.5 |
| Net income 1 | 31.47 | -61.46 | 243.6 | 98.71 | 138.8 | 100 | 125.5 | 132.4 |
| Net margin | 0.8% | -2.47% | 9.1% | 3.8% | 5.77% | 4.25% | 5.14% | 5.3% |
| EPS 2 | 0.4600 | -0.9000 | 3.670 | 1.900 | 2.980 | 2.370 | 3.065 | 3.390 |
| Free Cash Flow 1 | 224.2 | 391.6 | 236.4 | 232.8 | 194.6 | 145.1 | 114.2 | 124.6 |
| FCF margin | 5.68% | 15.76% | 8.83% | 8.96% | 8.08% | 6.17% | 4.68% | 4.99% |
| FCF Conversion (EBITDA) | 51.57% | 122.02% | 60.82% | 90.88% | 65.44% | 57.95% | 36.08% | 46.1% |
| FCF Conversion (Net income) | 712.45% | - | 97.06% | 235.85% | 140.18% | 145.01% | 90.94% | 94.08% |
| Dividend per Share 2 | 0.1450 | 0.1650 | - | - | - | 0.4800 | 0.4800 | - |
| Announcement Date | 2/20/20 | 2/25/21 | 2/23/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 646.5 | 710.5 | 649.4 | 625.8 | 612.1 | 655.1 | 592.8 | 582.9 | 577.4 | 641.9 | 572.9 | 564.8 | 572.7 | 655.4 | 600.1 |
| EBITDA 1 | 72.14 | 64.57 | 52.22 | 64.95 | 74.43 | 89.7 | 75.02 | 71.73 | 60.97 | 72.61 | 61.23 | 59.94 | 56.49 | 71.65 | 65.71 |
| EBIT 1 | 56.79 | 49.46 | 36.94 | 36.81 | 62.43 | 76.08 | 59.3 | 54.88 | 35.37 | 39.82 | 48.63 | 46.87 | 44.8 | 59.73 | 53.01 |
| Operating Margin | 8.78% | 6.96% | 5.69% | 5.88% | 10.2% | 11.61% | 10% | 9.42% | 6.13% | 6.2% | 8.49% | 8.3% | 7.82% | 9.11% | 8.83% |
| Earnings before Tax (EBT) 1 | 52.86 | 39.84 | 27.33 | 27.35 | 53.73 | 67.59 | 52.01 | 48.11 | 28.51 | 31.57 | 40.79 | 39.64 | 37.51 | 51.91 | 45.99 |
| Net income 1 | 37.82 | 27.14 | 19.48 | 16 | 36.08 | 48.03 | 37.22 | 35.01 | 18.58 | 21.97 | 26.68 | 26.78 | 24.6 | 34.8 | 31.36 |
| Net margin | 5.85% | 3.82% | 3% | 2.56% | 5.9% | 7.33% | 6.28% | 6.01% | 3.22% | 3.42% | 4.66% | 4.74% | 4.3% | 5.31% | 5.23% |
| EPS 2 | 0.5900 | 0.4900 | 0.3700 | 0.3200 | 0.7300 | 1.000 | 0.7900 | 0.7600 | 0.4100 | 0.4900 | 0.6475 | 0.6450 | 0.5900 | 0.8567 | 0.7633 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | 0.1200 | 0.1200 | 0.1200 | 0.1200 | 0.1200 |
| Announcement Date | 2/23/22 | 4/27/22 | 7/27/22 | 10/26/22 | 2/22/23 | 4/26/23 | 7/26/23 | 10/25/23 | 2/21/24 | 4/24/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 13.4 | 419 | 459 | 437 | 403 | 410 | 427 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.0416 x | 1.079 x | 1.792 x | 1.469 x | 1.611 x | 1.296 x | 1.579 x |
| Free Cash Flow 1 | 224 | 392 | 236 | 233 | 195 | 145 | 114 | 125 |
| ROE (net income / shareholders' equity) | 15.3% | 17.2% | 31.4% | 21.7% | 29.4% | 22.3% | 24% | - |
| ROA (Net income/ Total Assets) | 8.72% | - | 17.8% | 8.7% | 11.4% | 9.3% | 9.9% | - |
| Assets 1 | 360.8 | - | 1,367 | 1,135 | 1,214 | 1,076 | 1,268 | - |
| Book Value Per Share 2 | 26.00 | 14.60 | - | 11.90 | 13.50 | 14.00 | 15.00 | - |
| Cash Flow per Share | 4.620 | 6.700 | 3.700 | 4.660 | 4.390 | - | - | - |
| Capex 1 | 93 | 64.3 | 9.56 | 9.67 | 9.62 | 12.1 | 15 | 15 |
| Capex / Sales | 2.35% | 2.59% | 0.36% | 0.37% | 0.4% | 0.51% | 0.61% | 0.6% |
| Announcement Date | 2/20/20 | 2/25/21 | 2/23/22 | 2/22/23 | 2/21/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
34.02
USD
Average target price
40.25
USD
Spread / Average Target
+18.31%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.06% | 1.47B | |
| +84.61% | 664M | |
| -11.30% | 59.93M |
- Stock Market
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- PRG Stock
- Financials PROG Holdings, Inc.
