GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FirstCash Holdings Inc (NAS:FCFS) » Definitions » Intrinsic Value: Projected FCF

FirstCash Holdings (FirstCash Holdings) Intrinsic Value: Projected FCF : $122.34 (As of May. 10, 2024)


View and export this data going back to 1992. Start your Free Trial

What is FirstCash Holdings Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-10), FirstCash Holdings's Intrinsic Value: Projected FCF is $122.34. The stock price of FirstCash Holdings is $120.47. Therefore, FirstCash Holdings's Price-to-Intrinsic-Value-Projected-FCF of today is 1.0.

The historical rank and industry rank for FirstCash Holdings's Intrinsic Value: Projected FCF or its related term are showing as below:

FCFS' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.77   Med: 1.01   Max: 1.73
Current: 0.98

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of FirstCash Holdings was 1.73. The lowest was 0.77. And the median was 1.01.

FCFS's Price-to-Projected-FCF is ranked worse than
54.88% of 297 companies
in the Credit Services industry
Industry Median: 0.83 vs FCFS: 0.98

FirstCash Holdings Intrinsic Value: Projected FCF Historical Data

The historical data trend for FirstCash Holdings's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FirstCash Holdings Intrinsic Value: Projected FCF Chart

FirstCash Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.45 71.91 81.27 98.69 119.84

FirstCash Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 108.10 111.87 116.30 119.84 122.34

Competitive Comparison of FirstCash Holdings's Intrinsic Value: Projected FCF

For the Credit Services subindustry, FirstCash Holdings's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FirstCash Holdings's Price-to-Projected-FCF Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, FirstCash Holdings's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where FirstCash Holdings's Price-to-Projected-FCF falls into.



FirstCash Holdings Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get FirstCash Holdings's Free Cash Flow(6 year avg) = $263.50.

FirstCash Holdings's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar24)*0.8)/Shares Outstanding (Diluted Average)
=(14.862653310476*263.49728+2045.382*0.8)/45.387
=122.34

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FirstCash Holdings  (NAS:FCFS) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

FirstCash Holdings's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=120.47/122.33842996658
=0.98

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FirstCash Holdings Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of FirstCash Holdings's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


FirstCash Holdings (FirstCash Holdings) Business Description

Traded in Other Exchanges
Address
1600 West 7th Street, Fort Worth, TX, USA, 76102
FirstCash Holdings Inc operates pawn stores in the United States and Latin America. Its primary business involves making small loans secured by personal property. These pawn loans give the borrower the option of either repaying the loans with interest or forfeiting the property without further penalty. Close to 30% of total company revenue comes from interest earned on the loans. Close to 70% of total revenue comes from reselling forfeited property in the company's retail stores. Revenue is split almost equally between loans made in the United States, where the company has more than 300 retail locations, and loans made in Latin America, where the company has over 700 locations in Mexico and several more in Guatemala.
Executives
R Douglas Orr officer: EVP & Chief Financial Officer 1600 WEST 7TH STREET, FORT WORTH TX 76102
Douglas Richard Rippel director, 10 percent owner 8425 MYSTIC LAKES, MAIZE KS 67101
Randel G Owen director C/O EMERGENCY MEDICAL SERVICES CORP, 6200 SOUTH SYRACUSE WAY, GREENWOOD VILLAGE CO 80111
Howard F Hambleton officer: AFF President 1660 WEST 7TH ST., FORT WORTH TX 76102
Raul Ramos officer: SVP Latin American Operations 1600 WEST 7TH STREET, FORT WORTH TX 76102
James H Graves director ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205
Marthea Davis director 1600 WEST 7TH ST., FORT WORTH TX 76102
Douglas R. Rippel Revocable Trust 10 percent owner 7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Aff Services, Inc. 10 percent owner 7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Paula K Garrett director 1600 WEST 7TH ST, FORT WORTH TX 76102
Mikel D Faulkner director 180 STATE STREET 200, SOUTHLAKE TX 76092
Daniel R Feehan director CASH AMERICA INTL INC, 1600 W &TH ST, FORT WORTH TX 76102
Thomas Brent Stuart officer: President and COO 1600 W. 7TH STREET, FORT WORTH TX 76102
Anna M Alvarado officer: General Counsel 1600 WEST 7TH STREET, FORT WORTH TX 76102
Daniel E Berce director 801 CHERRY STREET, SUITE 3900, C/O GM FINANCIAL COMPANY, INC., FORT WORTH TX 76102

FirstCash Holdings (FirstCash Holdings) Headlines

From GuruFocus