(FCFS) FirstCash - Overview
Sector: Financial Services | Industry: Credit Services | Exchange: NASDAQ (USA) | Market Cap: 10.140m USD | Total Return: 75.7% in 12m
Avg Turnover: 77.3M
EPS Trend: 98.5%
Qual. Beats: 6
Rev. Trend: 95.8%
Qual. Beats: 3
Warnings
Below Avwap Earnings
Tailwinds
Idiosyncratic Leader, Confidence
FirstCash Holdings, Inc. (FCFS) is a major international operator of pawn stores and retail point-of-sale (POS) payment solutions. The company provides non-recourse loans secured by personal property such as jewelry and electronics, while also selling forfeited collateral and merchandise purchased directly from consumers. Its operations span the United States, Mexico, Latin America, and the United Kingdom, focusing primarily on credit-constrained consumer segments.
The pawn industry typically exhibits counter-cyclical characteristics, as demand for small-dollar collateralized loans often increases during periods of tightened credit or economic volatility. By integrating a lease-to-own (LTO) payment platform, FirstCash diversifies its revenue streams beyond traditional physical storefronts into the e-commerce and merchant partner sectors. Investors may find additional data points regarding these segments on ValueRay to refine their analysis.
Headquartered in Fort Worth, Texas, the firm rebranded from FirstCash, Inc. to FirstCash Holdings, Inc. in late 2021 to reflect its broader financial services structure. The business model relies on a high-frequency inventory turnover strategy and the spread between loan interest rates and the retail margins on liquidated merchandise.
- Latin American expansion drives pawn loan portfolio and retail merchandise sales growth
- Demand for alternative credit increases during periods of high consumer inflation
- American First Finance integration scales lease-to-own revenue and merchant partner network
- Currency exchange rate volatility impacts consolidated earnings from Mexican and Colombian operations
- Regulatory changes to small-dollar lending laws affect pawn and retail financing margins
| Net Income: 354.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -1.46 > 1.0 |
| NWC/Revenue: 38.84% < 20% (prev 30.23%; Δ 8.61% < -1%) |
| CFO/TA 0.11 > 3% & CFO 612.9m > Net Income 354.5m |
| Net Debt (2.84b) to EBITDA (1.04b): 2.74 < 3 |
| Current Ratio: 4.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (44.2m) vs 12m ago -1.61% < -2% |
| Gross Margin: 49.72% > 18% (prev 49.69%; Δ 0.03% > 0.5%) |
| Asset Turnover: 79.21% > 50% (prev 76.56%; Δ 2.65% > 0%) |
| Interest Coverage Ratio: 4.72 > 6 (EBIT TTM 605.8m / Interest Expense TTM 128.3m) |
| A: 0.28 (Total Current Assets 1.91b - Total Current Liabilities 399.7m) / Total Assets 5.36b |
| B: 0.33 (Retained Earnings 1.76b / Total Assets 5.36b) |
| C: 0.12 (EBIT TTM 605.8m / Avg Total Assets 4.89b) |
| D: 0.75 (Book Value of Equity 2.30b / Total Liabilities 3.06b) |
| Altman-Z'' = 4.53 = AA |
| DSRI: 1.35 (Receivables 1.11b/716.0m, Revenue 3.88b/3.39b) |
| GMI: 1.00 (GM 49.69% / 49.72%) |
| AQI: 0.91 (AQ_t 0.42 / AQ_t-1 0.46) |
| SGI: 1.14 (Revenue 3.88b / 3.39b) |
| TATA: -0.05 (NI 354.5m - CFO 612.9m) / TA 5.36b) |
| Beneish M = -2.69 (Cap -4..+1) = A |
As of June 04, 2026, the stock is trading at USD 220.22 with a total of 475,273 shares traded.
Over the past week, the price has changed by -4.80%,
over one month by -0.40%,
over three months by +13.01% and
over the past year by +75.72%.
FirstCash has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy FCFS.
- StrongBuy: 3
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 241.4 | 9.6% |
P/E Trailing = 28.9875
P/E Forward = 21.4133
P/S = 2.616
P/B = 4.4125
P/EG = 1.1676
Revenue TTM = 3.88b USD
EBIT TTM = 605.8m USD
EBITDA TTM = 1.04b USD
Long Term Debt = 2.25b USD (from longTermDebt, last quarter)
Short Term Debt = 104.8m USD (from shortTermDebt, last quarter)
Debt = 2.97b USD (from shortLongTermDebtTotal, last quarter) + Leases 356.8m
Net Debt = 2.84b USD (calculated: Debt 2.97b - CCE 130.7m)
Enterprise Value = 13.0b USD (10.1b + Debt 2.97b - CCE 130.7m)
Interest Coverage Ratio = 4.72 (Ebit TTM 605.8m / Interest Expense TTM 128.3m)
EV/FCF = 25.82x (Enterprise Value 13.0b / FCF TTM 502.6m)
FCF Yield = 3.87% (FCF TTM 502.6m / Enterprise Value 13.0b)
FCF Margin = 12.97% (FCF TTM 502.6m / Revenue TTM 3.88b)
Net Margin = 9.15% (Net Income TTM 354.5m / Revenue TTM 3.88b)
Gross Margin = 49.72% ((Revenue TTM 3.88b - Cost of Revenue TTM 1.95b) / Revenue TTM)
Gross Margin QoQ = 48.58% (prev 50.06%)
Tobins Q-Ratio = 2.42 (Enterprise Value 13.0b / Total Assets 5.36b)
Interest Expense / Debt = 4.32% (Interest Expense 128.3m / Debt 2.97b)
Taxrate = 26.37% (127.0m / 481.5m)
NOPAT = 446.0m (EBIT 605.8m * (1 - 26.37%))
Current Ratio = 4.77 (Total Current Assets 1.91b / Total Current Liabilities 399.7m)
Debt / Equity = 1.29 (Debt 2.97b / totalStockholderEquity, last quarter 2.30b)
Debt / EBITDA = 2.74 (Net Debt 2.84b / EBITDA 1.04b)
Debt / FCF = 5.64 (Net Debt 2.84b / FCF TTM 502.6m)
Total Stockholder Equity = 2.23b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.24% (Net Income 354.5m / Total Assets 5.36b)
RoE = 15.91% (Net Income TTM 354.5m / Total Stockholder Equity 2.23b)
RoCE = 13.51% (EBIT 605.8m / Capital Employed (Equity 2.23b + L.T.Debt 2.25b))
RoIC = 9.04% (NOPAT 446.0m / Invested Capital 4.94b)
WACC = 6.37% (E(10.1b)/V(13.1b) * Re(7.30%) + D(2.97b)/V(13.1b) * Rd(4.32%) * (1-Tc(0.26)))
Discount Rate = 7.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -88.19 | Cagr: -1.16%
[DCF] Terminal Value 76.05% ; FCFF base≈493.4m ; Y1≈515.1m ; Y5≈590.0m
[DCF] Fair Price = 142.9 (EV 9.10b - Net Debt 2.84b = Equity 6.27b / Shares 43.8m; r=8.35% [WACC [floored]]; 5y FCF grow 4.80% → 2.50% )
EPS Correlation: 98.50 | EPS CAGR: 20.46% | SUE: 2.45 | # QB: 6
Revenue Correlation: 95.82 | Revenue CAGR: 8.36% | SUE: 1.34 | # QB: 3
EPS current Quarter (2026-06-30): EPS=2.41 | Chg30d=+3.14% | Revisions=+33% | Analysts=6
EPS next Quarter (2026-09-30): EPS=2.73 | Chg30d=+1.24% | Revisions=+20% | Analysts=6
EPS current Year (2026-12-31): EPS=10.92 | Chg30d=+4.05% | Revisions=+60% | GrowthEPS=+24.6% | GrowthRev=+17.1%
EPS next Year (2027-12-31): EPS=12.42 | Chg30d=+0.82% | Revisions=+20% | GrowthEPS=+13.8% | GrowthRev=+8.6%
[Analyst] Revisions Ratio: +60%