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EZCORP

DB:EZ2A
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EZ2A
DB
$254M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

EZCORP, Inc. provides pawn loans. It operates through three segments: U.S. The last earnings update was 64 days ago. More info.


Add to Portfolio Compare Print
  • EZCORP has significant price volatility in the past 3 months.
EZ2A Share Price and Events
7 Day Returns
9.5%
DB:EZ2A
-4.8%
Europe Consumer Finance
2.1%
DE Market
1 Year Returns
-52.6%
DB:EZ2A
-50.9%
Europe Consumer Finance
-16.6%
DE Market
EZ2A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EZCORP (EZ2A) 9.5% 3% -28.6% -52.6% -48.5% -52.8%
Europe Consumer Finance -4.8% -34.8% -44.2% -50.9% -66.5% -66.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • EZ2A underperformed the Consumer Finance industry which returned -50.9% over the past year.
  • EZ2A underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
EZ2A
Industry
5yr Volatility vs Market

Value

 Is EZCORP undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of EZCORP to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for EZCORP.

DB:EZ2A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $14.75 * 1.7%
$0.25
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $14.75
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:EZ2A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.639 (1 + (1- 21%) (187.19%))
1.391
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.391 * 5.44%)
7.18%

Discounted Cash Flow Calculation for DB:EZ2A using Excess Returns Model Model

The calculations below outline how an intrinsic value for EZCORP is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:EZ2A Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (1.7% – 7.18%) * $14.75)
$-0.81
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.81 / (7.18% - -0.39%)
$-10.75
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $14.75 + $-10.75
$4.01
DB:EZ2A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EZ2A represents 0.94305x of NasdaqGS:EZPW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94305x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 4.01 x 0.94305
€3.78
Value per share (EUR) From above. €3.78
Current discount Discount to share price of €4.14
= -1 x (€4.14 - €3.78) / €3.78
-9.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of EZCORP is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for EZCORP's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EZCORP's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EZ2A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.13
NasdaqGS:EZPW Share Price ** NasdaqGS (2020-04-07) in USD $4.39
Europe Consumer Finance Industry PE Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 5.27x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of EZCORP.

DB:EZ2A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:EZPW Share Price ÷ EPS (both in USD)

= 4.39 ÷ 0.13

32.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EZCORP is overvalued based on earnings compared to the Europe Consumer Finance industry average.
  • EZCORP is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does EZCORP's expected growth come at a high price?
Raw Data
DB:EZ2A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
79.3%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.43x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:EZ2A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 32.72x ÷ 79.3%

0.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EZCORP is good value based on expected growth next year.
Price based on value of assets
What value do investors place on EZCORP's assets?
Raw Data
DB:EZ2A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $13.46
NasdaqGS:EZPW Share Price * NasdaqGS (2020-04-07) in USD $4.39
Europe Consumer Finance Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Finance Companies 0.68x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:EZ2A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:EZPW Share Price ÷ Book Value per Share (both in USD)

= 4.39 ÷ 13.46

0.33x

* Primary Listing of EZCORP.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • EZCORP is good value based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess EZCORP's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. EZCORP has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is EZCORP expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
79.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EZCORP expected to grow at an attractive rate?
  • EZCORP's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • EZCORP's earnings growth is expected to exceed the Germany market average.
  • EZCORP's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EZ2A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EZ2A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 79.3%
DB:EZ2A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.1%
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 12.3%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:EZ2A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EZ2A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 949 82 37 3
2020-09-30 894 52 20 3
2020-04-07
DB:EZ2A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 854 69 7
2019-09-30 847 104 3
2019-06-30 839 85 2
2019-03-31 836 95 13
2018-12-31 823 93 22
2018-09-30 812 89 38
2018-06-30 788 92 51
2018-03-31 772 83 42
2017-12-31 760 83 38
2017-09-30 748 51 33
2017-06-30 750 42 6
2017-03-31 737 29 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EZCORP's earnings are expected to grow significantly at over 20% yearly.
  • EZCORP's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:EZ2A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from EZCORP Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EZ2A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 0.71 0.89 0.42 3.00
2020-09-30 0.37 0.48 0.17 3.00
2020-04-07
DB:EZ2A Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.13
2019-09-30 0.05
2019-06-30 0.04
2019-03-31 0.24
2018-12-31 0.40
2018-09-30 0.70
2018-06-30 0.93
2018-03-31 0.77
2017-12-31 0.70
2017-09-30 0.61
2017-06-30 0.11
2017-03-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if EZCORP will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess EZCORP's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
EZCORP has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has EZCORP performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare EZCORP's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • EZCORP has delivered over 20% year on year earnings growth in the past 5 years.
  • EZCORP's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • EZCORP's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Finance industry average.
Earnings and Revenue History
EZCORP's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from EZCORP Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EZ2A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 853.97 7.45 418.34
2019-09-30 847.23 3.00 414.24
2019-06-30 838.87 2.42 408.56
2019-03-31 836.01 13.43 404.98
2018-12-31 823.34 21.99 395.57
2018-09-30 812.16 38.14 388.48
2018-06-30 788.25 50.67 377.48
2018-03-31 772.27 41.83 369.62
2017-12-31 759.84 38.26 362.05
2017-09-30 747.95 33.24 358.45
2017-06-30 750.47 5.91 364.81
2017-03-31 736.99 3.83 364.13
2016-12-31 735.57 2.87 364.26
2016-09-30 730.51 -1.31 368.69
2016-06-30 716.21 -40.21 370.91
2016-03-31 710.68 -44.05 371.57
2015-12-31 694.83 -47.67 360.28
2015-09-30 720.00 -47.15 356.93
2015-06-30 627.98 -22.70 302.22
2015-03-31 686.50 -16.30 331.31
2014-12-31 759.26 -13.34 367.82
2014-09-30 745.77 9.76 372.08
2014-06-30 916.25 6.12 449.87
2014-03-31 928.28 15.73 449.64
2013-12-31 951.26 44.55 446.67
2013-09-30 809.53 23.75 372.18
2013-06-30 1,029.90 123.57 446.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • EZCORP has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • EZCORP used its assets less efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • EZCORP's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess EZCORP's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
EZCORP has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is EZCORP's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up EZCORP's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EZCORP is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • EZCORP's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of EZCORP's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from EZCORP Company Filings, last reported 3 months ago.

DB:EZ2A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 751.60 241.42 143.14
2019-09-30 744.95 238.59 157.57
2019-06-30 747.32 235.66 138.92
2019-03-31 739.76 425.63 347.79
2018-12-31 732.46 420.17 297.03
2018-09-30 739.41 416.88 285.31
2018-06-30 736.56 418.69 285.03
2018-03-31 688.13 301.63 159.91
2017-12-31 668.06 294.76 113.58
2017-09-30 659.93 284.81 164.39
2017-06-30 624.30 260.41 113.73
2017-03-31 613.46 266.72 120.10
2016-12-31 598.88 278.94 63.71
2016-09-30 594.21 283.61 65.74
2016-06-30 567.37 211.42 29.38
2016-03-31 590.28 334.98 75.34
2015-12-31 667.27 357.13 22.78
2015-09-30 660.07 197.98 56.24
2015-06-30 814.22 409.88 114.39
2015-03-31 835.32 427.86 138.17
2014-12-31 841.21 461.99 77.60
2014-09-30 855.10 428.17 55.33
2014-06-30 1,014.57 381.66 50.00
2014-03-31 1,012.58 228.48 32.20
2013-12-31 998.87 252.03 38.49
2013-09-30 943.18 246.38 29.10
2013-06-30 996.34 231.90 45.96
  • EZCORP's level of debt (32.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (52% vs 32.1% today).
  • Debt is well covered by operating cash flow (28.7%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess EZCORP's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. EZCORP has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is EZCORP's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from EZCORP dividends.
If you bought €2,000 of EZCORP shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate EZCORP's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate EZCORP's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:EZ2A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 6.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:EZ2A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30
2020-09-30
2020-04-07

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as EZCORP has not reported any payouts.
  • Unable to verify if EZCORP's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of EZCORP's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as EZCORP has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess EZCORP's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can EZCORP afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EZCORP has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of EZCORP's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stuart Grimshaw
COMPENSATION $5,705,024
AGE 58
TENURE AS CEO 5.2 years
CEO Bio

Mr. Stuart Ian Grimshaw, BCA, MBA, PMD, serves as a Member of an Advisory Board and Executive Chairman at Jungle Capital. He has been the Chief Executive Officer of EZCORP, Inc. since February 2015. Mr. Grimshaw served as President of Hockey Australia until May 2014. He served as the Chief Executive Officer and Managing Director of Bank of Queensland Ltd., since November 1, 2011 until August 31, 2014. He was the Chief Executive Officer and Managing Director of Bank of Queensland (BOQ). He is an Executive Chairman of NASDAQ Listed EZCorp. He served as the Chief Executive Officer of Caledonia (Private) Investments Pty Limited from January 2009 to 2011. During his several years in career in financial services, Mr. Grimshaw held a wide variety of other roles at various banking and finance companies. He is an experienced banking and financial services executive with Australian and international experience. He has considerable global and domestic expertise in understanding and managing the financial needs of business and institutional customers. He has several years’ experience in the banking and financial services industry, both in Australia and abroad. He serves as Manager of Gandel Retail Trust. He served as a Group Executive for Investment and Insurance Services of Commonwealth Managed Investments Limited. He served as Group Executive for Premium Banking Services of Commonwealth Bank of Australia from March 2006 to 2008 and served as its Group Executive for wealth management division from 2002 to 2006 and Investment and Insurance Services until April 2003. He has been the Non-Executive Chairman of Cash Converters International Limited since September 10, 2015. Mr. Grimshaw has several years of global and domestic expertise in understanding and managing the financial needs of business and corporate customers. He joined Commonwealth Bank of Australia in February 2002. He served as Chief Financial Officer at Commonwealth Bank of Australia from 2001 to 2002 and served as its Group Executive for Financial and Risk Management. Prior to joining Commonwealth Bank of Australia, he served as Chief Executive Officer, Great Britain for the National Australia Bank Limited from 1991 to 2001 and other executive roles in Credit, Institutional Banking, Corporate Financial Services and Global Business Financial Services. He was responsible for Nationals Yorkshire and Clydesdale Banks. He joined National in 1991 where he held senior credit, relationship, commercial and corporate banking roles, including an 18 month secondment to Morgan Stanley International Inc., New York. He commenced his career in banking and finance as a graduate trainee at ANZ Banking Group from 1983 to 1991. He served as an Executive Chairman of EZCORP, Inc. since joining in November 01, 2014. He has been a Non-Executive Director of Cash Converters International Limited since November 1, 2014. He serves as a Director of ASB Group (Life) Limited; Colonial Finance Australia Limited; Colonial Finance Limited; Colonial First State Group Ltd; Colonial Holding Company (No 2) Pty Ltd.; Colonial Holdings Company Ltd.; Colonial International Holdings Pty Ltd.; Colonial Ltd.; Colonial Protection Insurance Pty Ltd.; Commonwealth Insurance Holdings Ltd.; Commonwealth International Holdings Pty Limited; Commonwealth Investments Pty Limited; Commonwealth Life Limited and Colonial Mutual Life Assurance Society Limited. He served as Director at Preferred Capital Limited from February 9, 2006 to February 17, 2009. He served as Executive Director of Novion RE Limited (Former Name: Commonwealth Managed Investments Limited) until February 2006. Mr. Grimshaw served as a Director of Grays (Australia) Holdings Pty Ltd. He served as Director of PERLS III Trust from February 09, 2006 to February 17, 2009. He served as Independent Director of ASB Bank Limited. He served as a Non-Executive Director of Suncorp Group Limited and Suncorp-Metway Limited from January 27, 2010 to August 23, 2011. He served as a Director the Melbourne Football Club until August 2011. He is President of Hockey Australia and is a Senior Fellow of the Finance and Securities Institute of Australasia. He served as a Director of Novion RE Limited. He served as Executive Non-Independent Director of Bank of Queensland Ltd. from November 1, 2011 to August 31, 2014. He served as Executive Director of Investment & Insurance Services of Commonwealth Managed Investments Limited. He served as a Director of Commonwealth Managed Investments Limited from September 3, 2002 to May 22, 2006. He represented New Zealand at the 1984 Olympics in Field Hockey. He has been Director at EZCORP, Inc. since August 2014. He has completed the Program for Management Development Course at Harvard University. Mr. Grimshaw has a Bachelor of Commerce and Administration from Victoria University of Wellington (N.Z.) and a Masters of Business Administration from Melbourne University.

CEO Compensation
  • Stuart's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Stuart's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the EZCORP management team in years:

1.8
Average Tenure
56
Average Age
  • The average tenure for the EZCORP management team is less than 2 years, this suggests a new team.
Management Team

Stuart Grimshaw

TITLE
CEO & Director
COMPENSATION
$6M
AGE
58
TENURE
5.2 yrs

Jason Kulas

TITLE
President & CFO
COMPENSATION
$131K
AGE
48
TENURE
0.2 yrs

Lachie Given

TITLE
Chief M&A and Strategic Funding Officer
COMPENSATION
$2M
AGE
42
TENURE
0.6 yrs

Phillip Cohen

TITLE
Executive Chairman
AGE
72
TENURE
0.6 yrs

Jeff Christensen

TITLE
Vice President

Tom Welch

TITLE
Chief Legal Officer & Secretary
COMPENSATION
$1M
AGE
64
TENURE
11 yrs

Scott Alomes

TITLE
Chief Human Resources Officer
AGE
60
TENURE
5.1 yrs

Jacob Wedin

TITLE
Chief Business Development Officer
AGE
48
TENURE
4.9 yrs

William Fosse

TITLE
President of U.S. Pawn
COMPENSATION
$1M
AGE
56
TENURE
1.8 yrs

Francisco J. Saenger

TITLE
President of Latin America Pawn
AGE
54
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the EZCORP board of directors in years:

1
Average Tenure
62
Average Age
  • The average tenure for the EZCORP board of directors is less than 3 years, this suggests a new board.
Board of Directors

Phillip Cohen

TITLE
Executive Chairman
AGE
72
TENURE
0.6 yrs

Pablo Espinosa

TITLE
Independent Director
COMPENSATION
$232K
AGE
64
TENURE
9.5 yrs

Stuart Grimshaw

TITLE
CEO & Director
COMPENSATION
$6M
AGE
58
TENURE
5.7 yrs

Matt Appel

TITLE
Lead Independent Director
COMPENSATION
$250K
AGE
63
TENURE
0.6 yrs

Shelaghmichael Brown

TITLE
Independent Director
COMPENSATION
$131K
AGE
69
TENURE
1 yrs

Kent Stone

TITLE
Independent Director
COMPENSATION
$131K
AGE
61
TENURE
1 yrs

Gary Tillett

TITLE
Independent Director
COMPENSATION
$131K
AGE
59
TENURE
1 yrs

Robb Webb

TITLE
Independent Director
COMPENSATION
$131K
AGE
63
TENURE
1 yrs

Rosa Zeegers

TITLE
Independent Director
COMPENSATION
$131K
AGE
59
TENURE
1 yrs

Zena Arnold

TITLE
Independent Director
COMPENSATION
$118K
AGE
41
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • EZCORP individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Feb 20 Sell Jacob Wedin Individual 10. Feb 20 11. Feb 20 -23,000 €4.49 €-103,136
X
Management checks
We assess EZCORP's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. EZCORP has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

EZCORP, Inc. provides pawn loans. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other International. The company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, including jewelry, consumer electronics, power tools, sporting goods, and musical instruments; and sells merchandise, such as collateral forfeited from pawn lending operations and used merchandise purchased from customers. It also provides payday and installment loan products through its financial services stores. As of September 30, 2019, the company owned and operated 512 pawn stores in the United States; 357 pawn stores in Latin America; 123 pawn stores in Guatemala, El Salvador, Honduras, and Peru; and 22 financial services stores in Canada. EZCORP, Inc. was founded in 1989 and is headquartered in Austin, Texas.

Details
Name: EZCORP, Inc.
EZ2A
Exchange: DB
Founded: 1989
$233,396,900
55,621,359
Website: http://www.ezcorp.com
Address: EZCORP, Inc.
Building One,
Suite 200,
Austin,
Texas, 78746,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS EZPW Class A Common Stock Nasdaq Global Select US USD 27. Aug 1991
DB EZ2A Class A Common Stock Deutsche Boerse AG DE EUR 27. Aug 1991
Number of employees
Current staff
Staff numbers
6,800
EZCORP employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:31
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.