3 Reasons We Love Enova (ENVA)

Enova currently trades at $121.93 and has been a dream stock for shareholders. It’s returned 667% since September 2020, blowing past the S&P 500’s 99.1% gain. The company has also beaten the index over the past six months as its stock price is up 26.3% thanks to its solid quarterly results.

Following the strength, is ENVA a buy right now? Or is the market overestimating its value? Find out in our full research report, it’s free.

Why Is ENVA a Good Business?

Pioneering online lending since 2004 with a massive database of over 65 terabytes of customer behavior data, Enova International (NYSE:ENVA) provides online financial services including installment loans and lines of credit to non-prime consumers and small businesses in the United States and Brazil.

1. Skyrocketing Revenue Shows Strong Momentum

Reviewing a company’s long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but many enduring ones grow for years.

Thankfully, Enova’s 18.3% annualized revenue growth over the last five years was excellent. Its growth surpassed the average financials company and shows its offerings resonate with customers.

2. Outstanding Long-Term EPS Growth

We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable.

Enova’s EPS grew at a spectacular 24.8% compounded annual growth rate over the last five years, higher than its 18.3% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded.

3. Steady Increase in BVPS Highlights Solid Asset Growth

We consider book value per share (BVPS) a critical metric for financial firms. BVPS represents the total net worth per share, providing insight into a company’s financial strength and ability to meet its obligations.

Enova’s BVPS increased by 25.4% annually over the last five years, and although its annualized growth has recently decelerated to 10% over the last two years (from $40.47 to $49.01 per share), we still think its performance was solid.

Final Judgment

These are just a few reasons why we're bullish on Enova, and with its shares topping the market in recent months, the stock trades at 9.6× forward P/E (or $121.93 per share). Is now the right time to buy? See for yourself in our comprehensive research report, it’s free.

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