Added to YB: 2026-04-24
Pitch date: 2026-02-23
PRG [bullish]
PROG Holdings, Inc.
-17.36%
current return
Author Info
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Company Info
PROG Holdings, Inc., a financial technology holding company, provides payment options to consumers in the United States.
Market Cap
$1.3B
Pitch Price
$37.97
Price Target
80.00 (+148%)
Dividend
1.62%
EV/EBITDA
3.91
P/E
10.54
EV/Sales
0.65
Sector
Consumer Finance
Category
value
PROG Holdings, Inc. - $PRG
PRG: ProgL (73% rev, 79% EBITDA) struggling but positioned to add national retailers. Hidden gem FourT (BNPL) grew rev 170% in 2025, guide +80% in 2026 (Amazon/Target/Walmart partners), margins expanding toward 35% vs 15% now. PP acquisition adds sticky payroll deduction rev, 98% retention. Trading <8x FY26 FCF ($5/share) vs 16x small cap avg = $80 PT. Alt: spinoff FourT at SEZL 5x rev multiple = $17/share value, leaving PRG stub at 4.5x FCF. Catalysts: 3/10 Investor Day, buybacks, potential spinoff.
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