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FirstCash

DB:FF6
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FF6
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

FirstCash, Inc., together with its subsidiaries, operates retail pawn stores in the United States and Latin America. The last earnings update was 57 days ago. More info.


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FF6 Share Price and Events
7 Day Returns
10.8%
DB:FF6
7.3%
Europe Consumer Finance
9.9%
DE Market
1 Year Returns
-14.1%
DB:FF6
-49.3%
Europe Consumer Finance
-17.5%
DE Market
FF6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FirstCash (FF6) 10.8% -7.6% -7% -14.1% 46.5% 52.3%
Europe Consumer Finance 7.3% -35.4% -41.1% -49.3% -65.1% -64%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • FF6 outperformed the Consumer Finance industry which returned -49.3% over the past year.
  • FF6 outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
FF6
Industry
5yr Volatility vs Market

FF6 Value

 Is FirstCash 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 FirstCash 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 FirstCash.

DB:FF6 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
= $30.89 * 11.3%
$3.50
Book Value of Equity per Share Median Book Value from the past 5 years. $30.89
Discount Rate (Cost of Equity) See below 4.1%
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:FF6
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 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.587 (1 + (1- 21%) (30.25%))
0.817
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.817 * 5.44%)
4.05%

Discounted Cash Flow Calculation for DB:FF6 using Excess Returns Model Model

The calculations below outline how an intrinsic value for FirstCash 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:FF6 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.3% – 4.05%) * $30.89)
$2.25
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.25 / (4.05% - -0.39%)
$50.70
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $30.89 + $50.70
$81.58
DB:FF6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FF6 represents 0.92935x of NasdaqGS:FCFS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92935x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 81.58 x 0.92935
€75.82
Value per share (EUR) From above. €75.82
Current discount Discount to share price of €66.50
= -1 x (€66.50 - €75.82) / €75.82
12.3%

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

Current Discount
Amount off the current price FirstCash is available for.
Intrinsic value
12%
Share price is €66.5 vs Future cash flow value of €75.82
Current Discount Checks
For FirstCash to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • FirstCash's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • FirstCash's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 FirstCash's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FirstCash's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FF6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $3.83
NasdaqGS:FCFS Share Price ** NasdaqGS (2020-03-31) in USD $71.56
Europe Consumer Finance Industry PE Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 5.31x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of FirstCash.

DB:FF6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 71.56 ÷ 3.83

18.7x

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

  • FirstCash is overvalued based on earnings compared to the Europe Consumer Finance industry average.
  • FirstCash is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does FirstCash's expected growth come at a high price?
Raw Data
DB:FF6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
6.8%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.41x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:FF6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.7x ÷ 6.8%

2.76x

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

  • FirstCash is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on FirstCash's assets?
Raw Data
DB:FF6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $31.89
NasdaqGS:FCFS Share Price * NasdaqGS (2020-03-31) in USD $71.56
Europe Consumer Finance Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Finance Companies 0.67x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:FF6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 71.56 ÷ 31.89

2.24x

* Primary Listing of FirstCash.

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

  • FirstCash is overvalued based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess FirstCash'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. FirstCash has a total score of 0/6, 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.

FF6 Future Performance

 How is FirstCash expected to perform in the next 1 to 3 years based on estimates from 6 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
6.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FirstCash expected to grow at an attractive rate?
  • FirstCash's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • FirstCash's earnings growth is positive but not above the Germany market average.
  • FirstCash's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FF6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FF6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 6.8%
DB:FF6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3%
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:FF6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FF6 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,939 194 1
2021-12-31 2,014 258 193 6
2020-12-31 1,923 244 171 6
2020-03-31
DB:FF6 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,864 232 165
2019-09-30 1,847 233 159
2019-06-30 1,825 229 157
2019-03-31 1,799 224 154
2018-12-31 1,781 243 153
2018-09-30 1,780 246 173
2018-06-30 1,785 238 168
2018-03-31 1,782 248 153
2017-12-31 1,780 220 144
2017-09-30 1,762 205 113
2017-06-30 1,587 160 83
2017-03-31 1,353 136 80

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FirstCash's earnings are expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
  • FirstCash's revenue is expected to grow by 3% 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:FF6 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 6 Analyst Estimates (S&P Global) See Below

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

DB:FF6 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 4.55 4.90 4.20 2.00
2021-12-31 4.61 4.97 4.10 7.00
2020-12-31 4.01 4.24 3.74 7.00
2020-03-31
DB:FF6 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 3.83
2019-09-30 3.66
2019-06-30 3.60
2019-03-31 3.50
2018-12-31 3.42
2018-09-30 3.79
2018-06-30 3.61
2018-03-31 3.23
2017-12-31 3.01
2017-09-30 2.34
2017-06-30 1.85
2017-03-31 1.99

*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.
  • FirstCash is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess FirstCash'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.
FirstCash has a total score of 1/6, 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.

FF6 Past Performance

  How has FirstCash 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 FirstCash'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.
  • FirstCash has delivered over 20% year on year earnings growth in the past 5 years.
  • FirstCash's 1-year earnings growth is less than its 5-year average (7.4% vs 23.2%)
  • FirstCash's earnings growth has not exceeded the Europe Consumer Finance industry average in the past year (7.4% vs 17.9%).
Earnings and Revenue History
FirstCash'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 FirstCash Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FF6 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 1,864.44 164.62 717.87
2019-09-30 1,847.29 158.54 715.48
2019-06-30 1,824.70 157.10 706.79
2019-03-31 1,798.66 154.23 694.51
2018-12-31 1,780.86 153.21 683.36
2018-09-30 1,779.86 172.87 674.15
2018-06-30 1,785.39 167.81 671.42
2018-03-31 1,782.05 152.88 671.03
2017-12-31 1,779.82 143.89 674.66
2017-09-30 1,761.66 112.85 682.03
2017-06-30 1,587.40 83.16 618.14
2017-03-31 1,352.75 79.60 521.85
2016-12-31 1,088.38 60.13 423.60
2016-09-30 817.76 42.85 314.17
2016-06-30 726.14 55.43 271.82
2016-03-31 711.78 57.10 265.98
2015-12-31 704.60 60.71 259.46
2015-09-30 715.95 68.24 260.63
2015-06-30 721.42 76.60 260.60
2015-03-31 719.12 79.27 257.91
2014-12-31 712.88 85.44 252.57
2014-09-30 695.31 84.02 246.47
2014-06-30 693.69 87.61 243.25
2014-03-31 670.71 87.25 236.78
2013-12-31 660.85 84.48 230.85
2013-09-30 651.03 86.40 223.29
2013-06-30 627.35 82.91 216.03

*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.
  • FirstCash has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FirstCash used its assets more efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • FirstCash has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess FirstCash'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.
FirstCash has a total score of 3/6, 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.

FF6 Health

 How is FirstCash'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 FirstCash's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FirstCash is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FirstCash's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of FirstCash'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 1.2x 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 FirstCash Company Filings, last reported 3 months ago.

DB:FF6 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,350.04 631.57 46.53
2019-09-30 1,336.18 636.39 61.18
2019-06-30 1,326.94 636.22 67.01
2019-03-31 1,328.42 551.05 49.66
2018-12-31 1,318.10 590.89 71.79
2018-09-30 1,311.73 600.72 57.03
2018-06-30 1,310.04 517.06 83.13
2018-03-31 1,424.29 378.40 110.41
2017-12-31 1,475.33 402.24 114.42
2017-09-30 1,467.68 434.96 93.41
2017-06-30 1,491.43 391.80 91.43
2017-03-31 1,487.24 333.72 73.15
2016-12-31 1,449.99 456.55 89.96
2016-09-30 1,433.05 556.37 138.14
2016-06-30 433.49 246.70 46.27
2016-03-31 439.29 236.04 54.15
2015-12-31 431.38 253.87 86.95
2015-09-30 439.73 268.50 72.52
2015-06-30 452.75 256.00 77.43
2015-03-31 449.03 214.50 75.80
2014-12-31 434.44 222.40 67.99
2014-09-30 429.45 217.50 42.76
2014-06-30 442.36 200.00 84.06
2014-03-31 437.34 200.00 94.93
2013-12-31 414.36 190.35 70.64
2013-09-30 387.51 161.67 30.54
2013-06-30 365.80 162.97 32.71
  • FirstCash's level of debt (46.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (51.2% vs 46.8% today).
  • Debt is well covered by operating cash flow (36.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.8x coverage).
X
Financial health checks
We assess FirstCash'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. FirstCash has a total score of 4/6, 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.

FF6 Dividends

 What is FirstCash'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
1.51%
Current annual income from FirstCash dividends. Estimated to be 1.53% next year.
If you bought €2,000 of FirstCash shares you are expected to receive €30 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?
  • FirstCash's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • FirstCash's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
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:FF6 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 6 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 6.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:FF6 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.08 1.00
2021-12-31 1.12 4.00
2020-12-31 1.09 4.00
2020-03-31
DB:FF6 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-03 1.080 1.374
2020-01-29 1.080 1.247
2019-10-28 1.080 1.315
2019-10-23 1.080 1.261
2019-07-29 1.000 1.044
2019-07-24 1.000 0.972
2019-05-03 1.000 1.014
2019-04-24 1.000 1.023
2018-10-25 1.000 1.207
2018-04-26 0.880 1.034
2018-02-05 0.880 1.122
2018-02-01 0.880 1.195
2017-11-01 0.800 1.181
2017-10-26 0.800 1.257
2017-08-07 0.760 1.264
2017-07-27 0.760 1.305
2017-05-05 0.760 1.362
2017-04-27 0.760 1.446
2017-03-01 0.760 1.624
2017-02-02 0.760 1.730
2016-11-09 0.760 1.658
2016-10-27 0.760 1.621
2016-07-28 0.500 1.018
2016-05-17 0.500 1.043
2016-02-08 0.500 1.134
2016-01-28 0.500 1.440

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

  • Whilst dividend payments have been stable, FirstCash has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but FirstCash only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of FirstCash's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess FirstCash's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 FirstCash afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FirstCash has a total score of 2/6, see the detailed checks below.


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

FF6 Management

 What is the CEO of FirstCash'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
Rick Wessel
COMPENSATION $7,804,440
AGE 60
TENURE AS CEO 13.3 years
CEO Bio

Mr. Rick L. Wessel has been Vice Chairman of FirstCash, Inc. (formerly First Cash Financial Services Inc) since September 1, 2016 and as its Chief Executive Officer since November 7, 2006. Mr. Wessel served as the President of FirstCash, Inc. (formerly First Cash Financial Services Inc) from May 1998 to September 1, 2016. Mr. Wessel served as Secretary and Treasurer of First Cash Financial Services Inc. from May 1992 to November 7, 2006. He served as the Chief Financial Officer at FirstCash, Inc. (formerly First Cash Financial Services Inc) from May 1992 to December 2002. He served as Chairman of First Cash Financial Services Inc. since October 2010 until September 1, 2016. He served as a Vice Chairman of FirstCash, Inc. (formerly First Cash Financial Services Inc). since December 30, 2004. He has been Director of FirstCash, Inc. (formerly First Cash Financial Services Inc) since November 1992. He served at Price Waterhouse LLP until February 1992. Mr. Wessel is a Certified Public Accountant licensed in Texas.

CEO Compensation
  • Rick's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Rick's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

6.8
Average Tenure
53
Average Age
  • The average tenure for the FirstCash management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rick Wessel

TITLE
Vice Chairman & CEO
COMPENSATION
$8M
AGE
60
TENURE
13.3 yrs

Thomas Stuart

TITLE
President & COO
COMPENSATION
$3M
AGE
49
TENURE
3.4 yrs

Doug Orr

TITLE
Executive VP
COMPENSATION
$3M
AGE
58
TENURE
17.2 yrs

Anna Alvarado

TITLE
General Counsel
COMPENSATION
$1M
AGE
40
TENURE
5.2 yrs

Raul Ramos

TITLE
Senior Vice President of Latin American Operations
COMPENSATION
$1M
AGE
53
TENURE
6.8 yrs

Gar Jackson

TITLE
Investor Relations-Global IR Group

Peter Watson

TITLE
Senior Vice President of Compliance & Government Relations
COMPENSATION
$465K
AGE
70
TENURE
5.2 yrs

Sean Moore

TITLE
Senior Vice President of Store Development & Facilities
COMPENSATION
$755K
AGE
42
TENURE
6.8 yrs
Board of Directors Tenure

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

3.4
Average Tenure
66.5
Average Age
  • The tenure for the FirstCash board of directors is about average.
Board of Directors

Dan Feehan

TITLE
Chairman of the Board
COMPENSATION
$250K
AGE
68
TENURE
3.4 yrs

Rick Wessel

TITLE
Vice Chairman & CEO
COMPENSATION
$8M
AGE
60
TENURE
3.4 yrs

Mikel Faulkner

TITLE
Lead Independent Director
COMPENSATION
$191K
AGE
70
TENURE
2.4 yrs

Randy Owen

TITLE
Independent Director
COMPENSATION
$196K
AGE
60
TENURE
10.4 yrs

Dan Berce

TITLE
Independent Director
COMPENSATION
$201K
AGE
65
TENURE
3.4 yrs

Jim Graves

TITLE
Independent Director
COMPENSATION
$181K
AGE
70
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
03. Sep 19 Sell James Graves Individual 30. Aug 19 30. Aug 19 -3,597 €90.31 €-324,848
X
Management checks
We assess FirstCash'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. FirstCash 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.

FF6 News

Simply Wall St News

FF6 Company Info

Description

FirstCash, Inc., together with its subsidiaries, operates retail pawn stores in the United States and Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers. The company is also involved in melting scrap jewelry, as well as sells gold, silver, and diamonds in commodity markets. In addition, it offers credit services, small unsecured consumer loans, and check cashing services. As of December 31, 2019, the company operated 1,056 stores in the United States and the District of Columbia; 1,548 stores in Mexico; 54 stores in Guatemala; 13 stores in El Salvador; and 8 stores in Colombia. The company was formerly known as First Cash Financial Services, Inc. and changed its name to FirstCash, Inc. in September 2016. FirstCash, Inc. was founded in 1988 and is headquartered in Fort Worth, Texas.

Details
Name: FirstCash, Inc.
FF6
Exchange: DB
Founded: 1988
$2,741,710,997
41,997,062
Website: http://www.firstcash.com
Address: FirstCash, Inc.
1600 West 7th Street,
Fort Worth,
Texas, 76102,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FCFS Common Stock Nasdaq Global Select US USD 10. Jun 1991
DB FF6 Common Stock Deutsche Boerse AG DE EUR 10. Jun 1991
BMV FCFS * Common Stock Bolsa Mexicana de Valores MX MXN 10. Jun 1991
DB A2ARD4 COM Deutsche Boerse AG DE EUR 31. Mar 2020
BMV FCFS * COM Bolsa Mexicana de Valores MX MXN 31. Mar 2020
Number of employees
Current staff
Staff numbers
21,000
FirstCash employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:56
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.