Curo Group Intrinsic Value Calculation – CURO GROUP Reports Earnings for FY2023 Q2, Ending June 30 2023

August 10, 2023

🌥️Earnings Overview

On August 3 2023, CURO GROUP ($NYSE:CURO) released its earnings results for the quarter ending June 30 2023, which revealed a 47.2% year-over-year decline in total revenue to USD 127.7 million. Net income also dropped from -26.1 million in the previous year to -59.3 million.

Price History

On Thursday, CURO GROUP reported its second quarter earnings for the fiscal year 2023, ending June 30, 2023. The financial results showed a drop of 8.8% from its last closing price of $1.6, as stock opened at $1.4 and closed at $1.5. Analysts noted that the decrease came as CURO GROUP experienced lower revenues due to the reduced demand for its products and services, as well as losses from some of its investments during the quarter. Despite this, company executives remain confident in their strategies for the coming year and remain committed to providing a strong financial performance in the coming quarters.

Additionally, CURO GROUP has been focusing on its operations and is looking to optimize cost structures in order to improve efficiency and profitability. The company has also been investing in new technologies and expanding its customer base in order to further increase its earnings potential. Overall, the second quarter of fiscal year 2023 proved to be a challenge for CURO GROUP, however, the company remains positive about its future prospects. As the company continues to focus on optimizing its cost structures and invest in new technologies, analysts anticipate a stronger financial performance in the upcoming quarters. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Curo Group. More…

    Total Revenues Net Income Net Margin
    567.74 -279.54 -40.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Curo Group. More…

    Operations Investing Financing
    145.2 -389.08 315.6
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Curo Group. More…

    Total Assets Total Liabilities Book Value Per Share
    2.74k 3.01k -6.52
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Curo Group are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -15.7%
    FCF Margin ROE ROA
    17.6% 65.2% -5.9%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Curo Group Intrinsic Value Calculation

    At GoodWhale, we have conducted a deep analysis of CURO GROUP‘s fundamentals. Our proprietary Valuation Line provides an intrinsic value for CURO GROUP of $7.4. This means that the stock is currently trading at $1.5, which is a 79.8% discount to its intrinsic value. This indicates that CURO GROUP is currently undervalued in the market and may provide an attractive investment opportunity. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • Peers

    The company’s competitive advantages include its strong brand recognition, technology platform, and customer base. Its competitors include PRA Group Inc, Regional Management Corp, and Makati Finance Corp.

    – PRA Group Inc ($NASDAQ:PRAA)

    PRA Group is a global provider of debt recovery and customer management services. The company operates in more than 30 countries and serves a range of industries. PRA Group’s services include first-party collections, third-party collections, customer care, and analytics. The company’s primary focus is on providing services to businesses and governments.

    – Regional Management Corp ($NYSE:RM)

    Regional Management Corp. is a holding company, which engages in the provision of consumer finance solutions. It offers small dollar installment loans, auto loans, credit cards, and other related financial products and services. The company was founded by Harold L. Montgomery in 1987 and is headquartered in Greenville, SC.

    – Makati Finance Corp ($PSE:MFIN)

    Makati Finance Corp is a publicly traded company with a market capitalization of $484.71M as of 2022. The company has a return on equity of 1.79%. Makati Finance Corp is a holding company that provides financial services in the Philippines. The company offers loans, deposits, and other services to individuals and businesses.

    Summary

    Investors in CURO GROUP are likely feeling the effects of the company’s dismal Q2 earnings results. According to its latest report on August 3, the company’s total revenue was down by 47.2% year-over-year, and its net income fell to -59.3 million from -26.1 million during the same period. Consequently, the company’s stock price has been dropping, leading to worries from shareholders. It remains to be seen whether CURO GROUP can bounce back from this challenging quarter or if the negative financials will continue to take a toll on the company.

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