Added to YB: 2026-07-20
Pitch date: 2026-07-16
PRAA [neutral]
PRA Group, Inc.
Author Info
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Company Info
PRA Group, Inc., a financial services company, engages in the purchase, collection, and management of nonperforming loan portfolios in the United States, Europe, the United Kingdom, South America, Canada, and Australia.
Market Cap
$702.2M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.24
P/E
-2.55
EV/Sales
3.57
Sector
Consumer Finance
Category
turnaround
The NPL Industry: Left for Dead, Antifragile, and Cheap. High Uncorrelated Returns? - PRA Group, Inc.
PRAA (overview): US turnaround 'PRA 3.0' under new CEO Sjolund. Pure debt buyer; one of two scaled US charged-off card buyers. Adj NI -$83M(2023)→$71M(2024)→$73M(2025), US multiples 1.91→2.16x, collections +13%, leverage 2.7x. Card balances >$1.07T, charge-offs >4% = cheap paper. ~0.5x book, 10x adj PE. Risk: large goodwill impairment.
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