Stock In Focus – TAM Stock Screener – PROG Holdings Inc (NYSE: PRG)

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As part of our ongoing series here at The Acquirer’s Multiple, we provide this feature article titled ‘Stock in Focus‘ where we focus on one of the stocks from our Stock Screeners.

One of the cheapest stocks in our Stock Screeners is PROG Holdings Inc (NYSE: PRG).

PROG Holdings Inc is a provider of lease-purchase solutions through more than 30,000 retail partner locations in 46 states and the district of Columbia, including e-commerce merchants. The firm operates in two segments Progressive Leasing and Vive Financial. The majority of the firm’s revenue is derived from the Progressive Leasing segment that offers lease-to-own transactions mainly to credit-challenged consumers, through point-of-sale and e-commerce retail partners, via in-store, mobile, and online solutions.

A quick look at the share price history for PROG Holdings (below) over the past twelve months shows that the price is up 87%. Here’s why the company is undervalued.

Summary

Market Cap: $3.61 Billion

Enterprise Value: $3.53 Billion

Operating Earnings

Operating Earnings: $433 Million

Acquirer’s Multiple

Acquirer’s Multiple: 8.15

Free Cash Flow (TTM)

Free Cash Flow: $353 Million

FCF/EV Yield

FCF/EV Yield: 10%

Other Indicators

Piotroski F-Score: 7

Altman Z-Score: 11.38

Beneish M-Score: -3.56

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