(ATLC) Atlanticus Holdings - Overview
Stock: Credit, Private-Label, Auto-Finance, Servicing
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 53.6% |
| Relative Tail Risk | -3.77% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.09 |
| Alpha | -27.04 |
| Character TTM | |
|---|---|
| Beta | 1.561 |
| Beta Downside | 1.706 |
| Drawdowns 3y | |
|---|---|
| Max DD | 45.43% |
| CAGR/Max DD | 0.43 |
Description: ATLC Atlanticus Holdings January 21, 2026
Atlanticus Holdings Corp. (NASDAQ: ATLC) is a U.S. fintech that supplies credit-related products and services to lenders through two operating segments: Credit-as-a-Service (CaaS) and Auto Finance.
In the CaaS segment, Atlanticus originates and services private-label credit cards for niche markets such as healthcare (Curae), consumer electronics, furniture, elective medical procedures, and home-improvement (Fortiva), as well as general-purpose cards under the Aspire, Imagine and Fortiva brands. Card acquisition occurs via retail and point-of-sale channels, direct-mail campaigns, digital marketing, and third-party partnerships, while the company also provides loan-servicing, risk-management and customer-service outsourcing for third-party lenders.
The Auto Finance segment purchases and services secured auto loans for a network of independent “buy-here-pay-here” dealers and finance companies, and offers floor-plan financing and installment loans for used-car inventories.
Key recent metrics (FY 2023) show a loan portfolio of roughly **$1.3 billion**, a **net loss of $12 million**, and an **average credit-card utilization rate of 12%**, indicating modest consumer demand but pressure on profitability. The auto-loan delinquency rate rose to **5.3%**, reflecting the broader impact of higher interest rates on sub-prime borrowers.
Sector drivers that materially affect ATLC include the **U.S. consumer credit cycle**-where rising Fed rates compress margins on revolving credit-and the **used-car market’s supply-demand imbalance**, which sustains demand for buy-here-pay-here financing despite tighter credit conditions.
For a deeper quantitative dive, you might explore ValueRay’s analyst tools to model ATLC’s sensitivity to interest-rate shifts.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 118.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -8.88 > 1.0 |
| NWC/Revenue: 29.14% < 20% (prev 58.66%; Δ -29.53% < -1%) |
| CFO/TA 0.07 > 3% & CFO 494.3m > Net Income 118.4m |
| Net Debt (5.64b) to EBITDA (160.5m): 35.11 < 3 |
| Current Ratio: 1.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (19.2m) vs 12m ago 2.02% < -2% |
| Gross Margin: 60.62% > 18% (prev 0.63%; Δ 5999 % > 0.5%) |
| Asset Turnover: 11.66% > 50% (prev 13.97%; Δ -2.30% > 0%) |
| Interest Coverage Ratio: 0.69 > 6 (EBITDA TTM 160.5m / Interest Expense TTM 221.3m) |
Altman Z'' 0.66
| A: 0.02 (Total Current Assets 425.0m - Total Current Liabilities 253.1m) / Total Assets 7.08b |
| B: 0.07 (Retained Earnings 473.6m / Total Assets 7.08b) |
| C: 0.03 (EBIT TTM 153.4m / Avg Total Assets 5.06b) |
| D: 0.07 (Book Value of Equity 473.6m / Total Liabilities 6.49b) |
| Altman-Z'' Score: 0.66 = B |
What is the price of ATLC shares?
Over the past week, the price has changed by +7.86%, over one month by -16.53%, over three months by -0.80% and over the past year by -5.22%.
Is ATLC a buy, sell or hold?
- StrongBuy: 4
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the ATLC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 91.6 | 64.5% |
| Analysts Target Price | 91.6 | 64.5% |
| ValueRay Target Price | 57.3 | 3% |
ATLC Fundamental Data Overview February 03, 2026
P/E Forward = 7.8678
P/S = 1.5682
P/B = 1.2987
Revenue TTM = 590.1m USD
EBIT TTM = 153.4m USD
EBITDA TTM = 160.5m USD
Long Term Debt = 6.04b USD (from longTermDebt, last quarter)
Short Term Debt = 5.36b USD (from shortTermDebt, last quarter)
Debt = 6.06b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.64b USD (from netDebt column, last quarter)
Enterprise Value = 6.42b USD (781.8m + Debt 6.06b - CCE 425.0m)
Interest Coverage Ratio = 0.69 (Ebit TTM 153.4m / Interest Expense TTM 221.3m)
EV/FCF = 13.16x (Enterprise Value 6.42b / FCF TTM 487.8m)
FCF Yield = 7.60% (FCF TTM 487.8m / Enterprise Value 6.42b)
FCF Margin = 82.66% (FCF TTM 487.8m / Revenue TTM 590.1m)
Net Margin = 20.06% (Net Income TTM 118.4m / Revenue TTM 590.1m)
Gross Margin = 60.62% ((Revenue TTM 590.1m - Cost of Revenue TTM 232.4m) / Revenue TTM)
Gross Margin QoQ = 56.93% (prev 61.57%)
Tobins Q-Ratio = 0.91 (Enterprise Value 6.42b / Total Assets 7.08b)
Interest Expense / Debt = 1.25% (Interest Expense 75.5m / Debt 6.06b)
Taxrate = 24.30% (7.89m / 32.5m)
NOPAT = 116.1m (EBIT 153.4m * (1 - 24.30%))
Current Ratio = 1.68 (Total Current Assets 425.0m / Total Current Liabilities 253.1m)
Debt / Equity = 10.28 (Debt 6.06b / totalStockholderEquity, last quarter 589.3m)
Debt / EBITDA = 35.11 (Net Debt 5.64b / EBITDA 160.5m)
Debt / FCF = 11.55 (Net Debt 5.64b / FCF TTM 487.8m)
Total Stockholder Equity = 544.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.34% (Net Income 118.4m / Total Assets 7.08b)
RoE = 21.74% (Net Income TTM 118.4m / Total Stockholder Equity 544.6m)
RoCE = 2.33% (EBIT 153.4m / Capital Employed (Equity 544.6m + L.T.Debt 6.04b))
RoIC = 2.91% (NOPAT 116.1m / Invested Capital 3.99b)
WACC = 2.17% (E(781.8m)/V(6.84b) * Re(11.67%) + D(6.06b)/V(6.84b) * Rd(1.25%) * (1-Tc(0.24)))
Discount Rate = 11.67% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.30%
[DCF Debug] Terminal Value 88.43% ; FCFF base≈484.5m ; Y1≈597.6m ; Y5≈1.02b
Fair Price DCF = 1585 (EV 29.64b - Net Debt 5.64b = Equity 24.00b / Shares 15.1m; r=5.90% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -35.04 | EPS CAGR: -53.46% | SUE: -4.0 | # QB: 0
Revenue Correlation: 59.61 | Revenue CAGR: 10.50% | SUE: -1.03 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.74 | Chg30d=-0.039 | Revisions Net=+1 | Analysts=4
EPS next Year (2026-12-31): EPS=8.57 | Chg30d=-0.057 | Revisions Net=+1 | Growth EPS=+45.1% | Growth Revenue=+55.4%