$166.21
+0.38%World Acceptance Corporation, together with its subsidiaries, engages in small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and income tax return preparation and electronic filing services. In addition, the company markets and sells credit life, credit accident and health, credit property and auto, unemployment, and accidental death and dismemberment insurance in connection with its loans. It serves individuals with limited access to other sources of consumer credit, such as banks, credit unions, other consumer finance businesses, and credit card lenders. As of March 31, 2022, it operated 1,167 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Tennessee, Texas, Utah, and Wisconsin. World Acceptance Corporation was founded in 1962 and is headquartered in Greenville, South Carolina.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $245.0M | $236.2M | $227.6M | $219.4M | $211.5M | $203.9M | $196.5M | $189.5M | $182.6M | $176.0M |
| Maintenance CapEx | -$710.2K | -$684.6K | -$659.9K | -$636.1K | -$613.2K | -$591.1K | -$569.8K | -$549.2K | -$529.4K | -$510.3K |
| Owner Earnings | $244.3M | $235.5M | $227.0M | $218.8M | $210.9M | $203.3M | $196.0M | $188.9M | $182.1M | $175.5M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $226.2M | $201.9M | $180.2M | $160.8M | $143.5M | $128.1M | $114.3M | $102.1M | $91.1M | $81.3M |
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Statements
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Earnings Call
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