OPEN LENDING CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.31 USD | -2.02% |
|
+0.48% | -25.85% |
| May. 13 | Open Lending Collaborates With Core Specialty Insurance Holding | MT |
| May. 07 | Transcript : Open Lending Corporation, Q1 2024 Earnings Call, May 07, 2024 |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,433 | 2,837 | 852.5 | 1,019 | 767.4 | - | - |
| Enterprise Value (EV) 1 | 4,487 | 2,867 | 795.5 | 1,019 | 551.6 | 518.7 | 379.1 |
| P/E ratio | -32.1 x | 19.4 x | 12.7 x | 47.3 x | 29.1 x | 19.8 x | 12.6 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 40.7 x | 13.2 x | 4.75 x | 8.68 x | 5.48 x | 5.19 x | 4.3 x |
| EV / Revenue | 41.2 x | 13.3 x | 4.43 x | 8.68 x | 3.94 x | 3.51 x | 2.12 x |
| EV / EBITDA | 64.5 x | 18.5 x | 7.52 x | 20.3 x | 8.02 x | 7.26 x | 3.8 x |
| EV / FCF | 191,376,695 x | - | 7,448,108 x | - | - | - | - |
| FCF Yield | 0% | - | 0% | - | - | - | - |
| Price to Book | 167 x | 17.8 x | 3.92 x | - | 3.31 x | 2.72 x | 2.25 x |
| Nbr of stocks (in thousands) | 126,803 | 126,190 | 126,300 | 119,754 | 119,165 | - | - |
| Reference price 2 | 34.96 | 22.48 | 6.750 | 8.510 | 6.440 | 6.440 | 6.440 |
| Announcement Date | 3/9/21 | 2/24/22 | 2/23/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 108.9 | 215.7 | 179.6 | 117.5 | 140.1 | 147.8 | 178.7 |
| EBITDA 1 | 69.53 | 155 | 105.7 | 50.17 | 68.74 | 71.43 | 99.73 |
| EBIT 1 | 56.72 | 150.3 | 97.62 | 29.08 | 37.89 | 50.16 | 87.13 |
| Operating Margin | 52.09% | 69.69% | 54.35% | 24.75% | 27.05% | 33.92% | 48.76% |
| Earnings before Tax (EBT) 1 | -90.99 | 191.2 | 93.54 | 28.86 | 46.09 | 52.55 | 80.97 |
| Net income 1 | -97.56 | 146.1 | 66.62 | 22.07 | 26.35 | 38.78 | 60.66 |
| Net margin | -89.6% | 67.74% | 37.09% | 18.79% | 18.81% | 26.23% | 33.95% |
| EPS 2 | -1.090 | 1.160 | 0.5300 | 0.1800 | 0.2212 | 0.3251 | 0.5100 |
| Free Cash Flow | 23.44 | - | 106.8 | - | - | - | - |
| FCF margin | 21.53% | - | 59.47% | - | - | - | - |
| FCF Conversion (EBITDA) | 33.72% | - | 101.01% | - | - | - | - |
| FCF Conversion (Net income) | - | - | 160.32% | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 3/9/21 | 2/24/22 | 2/23/23 | 2/27/24 | - | - | - |
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 | 51.63 | 50.07 | 52.04 | 50.66 | 26.82 | 38.36 | 38.15 | 26.01 | 14.94 | 30.74 | 31.54 | 32.86 | 34.35 | 35.59 | 37.09 |
| EBITDA 1 | 36.56 | 33.77 | 34.04 | 29.4 | 8.521 | 21.25 | 20.74 | 10.32 | -2.14 | 12.52 | 14.1 | 20.91 | 21.21 | 17.29 | 17.69 |
| EBIT 1 | 35.23 | 32.24 | 32.81 | 27.79 | 4.773 | 17.1 | 15.72 | 4.536 | -8.277 | 7.323 | 7.798 | 9.415 | 10.56 | 10.82 | 11.4 |
| Operating Margin | 68.23% | 64.4% | 63.04% | 54.86% | 17.8% | 44.57% | 41.2% | 17.44% | -55.41% | 23.82% | 24.73% | 28.65% | 30.73% | 30.41% | 30.75% |
| Earnings before Tax (EBT) 1 | 34.78 | 31.46 | 31.71 | 26.26 | 4.104 | 16.77 | 15.51 | 4.535 | -7.961 | 7.524 | 8.113 | 9.512 | 10.63 | 12.34 | 13.14 |
| Net income 1 | 27.84 | 23.15 | 23.13 | 24.53 | -4.189 | 12.54 | 11.37 | 3.003 | -4.842 | 5.087 | 5.835 | 6.874 | 7.661 | 9.017 | 9.573 |
| Net margin | 53.92% | 46.25% | 44.44% | 48.42% | -15.62% | 32.68% | 29.8% | 11.55% | -32.41% | 16.55% | 18.5% | 20.92% | 22.3% | 25.34% | 25.81% |
| EPS 2 | 0.2300 | 0.1800 | 0.1800 | 0.1900 | -0.0300 | 0.1000 | 0.0900 | 0.0200 | -0.0400 | 0.0400 | 0.0502 | 0.0591 | 0.0649 | 0.0792 | 0.0826 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/24/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/23/23 | 5/9/23 | 8/8/23 | 11/7/23 | 2/27/24 | 5/8/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 53.6 | 29.8 | - | - | - | - | - |
| Net Cash position 1 | - | - | 57 | - | 216 | 249 | 388 |
| Leverage (Debt/EBITDA) | 0.7709 x | 0.1923 x | - | - | - | - | - |
| Free Cash Flow | 23.4 | - | 107 | - | - | - | - |
| ROE (net income / shareholders' equity) | -33% | 157% | 35.8% | - | 13% | 18.5% | 20.3% |
| ROA (Net income/ Total Assets) | -52.3% | - | 19.1% | - | 5.99% | 10.5% | - |
| Assets 1 | 186.6 | - | 349.2 | - | 439.9 | 368.6 | - |
| Book Value Per Share 2 | 0.2100 | 1.260 | 1.720 | - | 1.950 | 2.370 | 2.860 |
| Cash Flow per Share 2 | 0.3000 | - | 0.8500 | - | 0.4700 | 0.2500 | - |
| Capex 1 | 1.2 | - | 0.62 | - | 2.02 | 2.37 | - |
| Capex / Sales | 1.1% | - | 0.35% | - | 1.44% | 1.6% | - |
| Announcement Date | 3/9/21 | 2/24/22 | 2/23/23 | 2/27/24 | - | - | - |
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
D+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
6.44
USD
Average target price
7.667
USD
Spread / Average Target
+19.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.32% | 767M | |
| +3.80% | 12.7B | |
| +2.79% | 1.88B | |
| -12.87% | 1.79B | |
| -19.46% | 123M | |
| +14.24% | 62.92M |
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