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Is Elevate Credit, Inc. (NYSE:ELVT) Potentially Underrated?

Simply Wall St

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Elevate Credit, Inc. (NYSE:ELVT) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of ELVT, it has a a strong history of performance as well as a excellent growth outlook going forward. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Elevate Credit here.

Solid track record with high growth potential

ELVT is an attractive stock for growth-seeking investors, with an expected earnings growth of 27% in the upcoming year underlying the notable 21% return on equity over the next few years leading up to 2022. In the past couple of years, ELVT has ramped up its bottom line by over 100%, with its latest earnings level surpassing its average level over the last five years. In addition to beating its historical values, ELVT also outperformed its industry, which delivered a growth of 36%. This is an notable feat for the company.

NYSE:ELVT Past and Future Earnings, June 25th 2019

Next Steps:

For Elevate Credit, I've compiled three fundamental factors you should further examine:

  1. Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
  2. Valuation: What is ELVT worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether ELVT is currently mispriced by the market.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of ELVT? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.