Added to YB: 2026-01-05
Pitch date: 2025-12-29
JCAP [neutral]
Jefferson Capital, Inc.
+0.31%
current return
Author Info
Benevolus is a value investor that takes value wherever they can find it. Most of their positions are long microcap equities. Sign up for the newsletter.
Company Info
Jefferson Capital, Inc. provides debt recovery solutions and other related services in the United States, the United Kingdom, Canada, and Latin America.
Market Cap
$1.3B
Pitch Price
$22.95
Price Target
N/A
Dividend
4.30%
EV/EBITDA
7.67
P/E
8.03
EV/Sales
4.26
Sector
Consumer Finance
Category
value
Jefferson Capital, Illiquid, Controlled, Overly Discounted to Peers, but Facing Tough Underlying Economics.
JCAP (pass): Debt buyer at 20% levered FCF yield, 39% YoY op income growth looks cheap vs peers but underlying economics weak. 2x gross recovery multiple = only 9% IRR after 40% collection costs. PE-controlled (67% J.C. Flowers), $3M daily volume limits institutional demand. ROE ~12-13%, trades 3x book vs fair value 1x book.
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