Added to YB: 2024-09-18
Pitch date: 2024-09-16
PRAA [bullish]
PRA Group, Inc.
-18.29%
current return
Author Info
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Company Info
PRA Group, Inc., a financial services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide.
Market Cap
$637.1M
Pitch Price
$21.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.24
P/E
-1.87
EV/Sales
3.64
Sector
Consumer Finance
Category
turnaround
PRA Group, Inc. - $PRAA
PRAA: Consumer debt buyer at 1.1x TBV, 58% EV/ERC. Record US credit card delinquencies boost supply. New mgmt improving pricing, efficiency. 2023 loss, but Q2'24 8% ROE. Upside to historical 2.5x P/TBV, 70% EV/ERC. Risks: capital intensity, cyclicality, poor 2021-22 vintages.
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