-1.22%
1.06%
-2.91%
1.23%
39.21%
9.39%
-29.19%
AI Spotlight on PRG
Company Description
PROG Holdings, Inc.operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers.It operates in two segments, Progressive Leasing and Vive.
The Progressive Leasing segment offers lease-purchase solutions to customers for various merchandize in the furniture, appliances, electronics, jewelry, mobile phones and accessories, mattresses, and automobile electronics and accessories markets through point-of-sale and e-commerce retail partners, as well in-store, mobile, and online solutions.The Vive segment provides second-look and revolving credit products to customers that may not qualify for traditional prime lending through private label and Vive-branded credit cards.It offers lease-purchase solutions through approximately 24,000 third-party point-of-sale partner locations and e-commerce websites in 49 states and the District of Columbia.
The company was formerly known as Aaron's Holdings Company, Inc.and changed its name to PROG Holdings, Inc.in December 2020.
PROG Holdings, Inc.was founded in 1955 and is based in Draper, Utah.
Market Data
| Last Price | 42.75 |
| Change Percentage | -1.22% |
| Open | 43.05 |
| Previous Close | 43.28 |
| Market Cap ( Millions) | 1776 |
| Volume | 432947 |
| Year High | 50.28 |
| Year Low | 27.84 |
| M A 50 | 44.29 |
| M A 200 | 41.65 |
Financial Ratios
| FCF Yield | 7.10% |
| Dividend Yield | 1.12% |
| ROE | 26.50% |
| Debt / Equity | 95.98% |
| Net Debt / EBIDTA | 21.13% |
| Price To Book | 2.86 |
| Price Earnings Ratio | 11.42 |
| Price To FCF | 14.09 |
| Price To sales | 0.73 |
| EV / EBITDA | 1.19 |
News
- Nov -12 - PROG Holdings Appoints Two New Independent Directors to Board
- Nov -07 - PROG Holdings, Inc. Declares Dividend
- Oct -23 - PROG Holdings, Inc. (PRG) Q3 2024 Earnings Call Transcript
- Oct -23 - PROG Holdings (PRG) Surpasses Q3 Earnings and Revenue Estimates
- Oct -23 - PROG Holdings Reports Third Quarter 2024 Results
- Sep -17 - Progressive Leasing and Best Buy Leaders Featured on Panel to Discuss Financial Inclusion Trends at Merchant Advisory Group Payments Conference
- Sep -13 - Is the Options Market Predicting a Spike in PROG Holdings (PRG) Stock?
- Aug -30 - Has Prog Holdings (PRG) Outpaced Other Finance Stocks This Year?
- Jul -29 - Best Momentum Stocks to Buy for July 29th
- Jul -29 - New Strong Buy Stocks for July 29th
- Jul -29 - Best Income Stocks to Buy for July 29th
- Jul -29 - Best Value Stocks to Buy for July 29th
- Jul -24 - PROG Holdings (PRG) Surpasses Q2 Earnings and Revenue Estimates
- Jun -14 - Progressive Leasing Honored as Silver Stevie® Award Winner in 2024 American Business Awards®
- Jun -10 - Despite Fast-paced Momentum, PROG Holdings (PRG) Is Still a Bargain Stock
- Jun -03 - Strength Seen in PROG Holdings (PRG): Can Its 5.5% Jump Turn into More Strength?
- May -24 - What Makes PROG Holdings (PRG) a New Strong Buy Stock
- May -20 - Panagora Asset Management Inc. Sells 1,037 Shares of PROG Holdings, Inc. (NYSE:PRG)
- May -20 - Natixis Advisors L.P. Sells 1,814 Shares of PROG Holdings, Inc. (NYSE:PRG)
- May -15 - PROG Holdings, Inc. Declares Dividend
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Progressive Leasing
Expected Growth : 2.0 %
What the company do ?
Progressive Leasing from PROG Holdings, Inc. is a lease-to-own financing solution for retail customers, offering flexible payment options for acquiring goods and services.
Why we expect these perspectives ?
Progressive Leasing's 2.0% growth is driven by increasing adoption of lease-to-own solutions, expansion into new retail partners, and strategic investments in e-commerce and digital capabilities. Additionally, the company's focus on providing affordable payment options and its ability to reach underserved consumers contribute to its growth momentum.
Segment n°2 -> Vive
Expected Growth : 1.8 %
What the company do ?
Vive, from PROG Holdings, Inc., is a consumer financing platform offering point-of-sale payment solutions for consumers and merchants.
Why we expect these perspectives ?
Vive's 1.8% growth is driven by increasing adoption of point-of-sale payment solutions, expansion into new markets, and strategic partnerships. Additionally, the rise of omnichannel commerce and growing demand for digital payment options contribute to Vive's growth. Furthermore, PROG Holdings' diversified revenue streams and cost savings initiatives also support Vive's growth momentum.
Segment n°3 -> Other
Expected Growth : 1.5 %
What the company do ?
Other from PROG Holdings, Inc. refers to the remaining revenue streams, including fees from vendor programs, interest income, and other miscellaneous income sources.
Why we expect these perspectives ?
PROG Holdings, Inc.'s 1.5% growth in 'Other' segment is driven by increasing adoption of its e-commerce solutions, expansion into new markets, and strategic partnerships. Additionally, the company's focus on digital transformation, cost savings initiatives, and investments in emerging technologies have contributed to this growth.
Prog Holdings, Inc. Products
| Product Range | What is it ? |
|---|---|
| Progressive Leasing | A lease-to-own solution that allows customers to lease merchandise over time, with the option to purchase at any time. |
| Vive Financial | A provider of consumer financing solutions, offering credit products and services to underserved consumers. |
| PROG Holdings' e-commerce platform | A platform that enables customers to shop online and have products shipped directly to their doorstep. |
| PROG Holdings' retail partnerships | Partnerships with retailers to offer lease-to-own and financing solutions to customers at the point of sale. |
PROG Holdings, Inc.'s Porter Forces
Threat Of Substitutes
PROG Holdings, Inc. operates in a competitive industry with various alternatives available to customers, which moderately threatens the company's market share.
Bargaining Power Of Customers
PROG Holdings, Inc. has a large customer base, but the concentration of customers is relatively low, giving customers significant bargaining power.
Bargaining Power Of Suppliers
PROG Holdings, Inc. has a diverse supplier base, reducing the bargaining power of individual suppliers, and the company's scale of operations also gives it negotiating power.
Threat Of New Entrants
The industry in which PROG Holdings, Inc. operates has high barriers to entry, including significant capital requirements and regulatory hurdles, making it difficult for new entrants to join the market.
Intensity Of Rivalry
The industry in which PROG Holdings, Inc. operates is highly competitive, with many established players competing for market share, leading to a high intensity of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 50.70% |
| Debt Cost | 6.83% |
| Equity Weight | 49.30% |
| Equity Cost | 14.13% |
| WACC | 10.43% |
| Leverage | 102.84% |
PROG Holdings, Inc. : Quality Control
PROG Holdings, Inc. passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| CTOS | Custom Truck One Source, Inc. provides specialty equipment rental services to the electric utility transmission and distribution, telecommunications, rail, other infrastructure-related industries in North America. It operates through Equipment Rental … |
| WLFC | Willis Lease Finance Corporation operates as a lessor and servicer of commercial aircraft and aircraft engines worldwide. The company operates through two segments, Leasing and Related Operations, and Spare Parts … |
| HEES | H&E Equipment Services, Inc. operates as an integrated equipment services company. The company operates in five segments: Equipment Rentals, Used Equipment Sales, New Equipment Sales, Parts Sales, and Repair and … |
| HTZ | Hertz Global Holdings, Inc. operates as a vehicle rental company. It operates through two segments, Americas Rental Car and International Rental Car. The company provides vehicle rental services under the … |
| FPAY | FlexShopper, Inc., a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. It offers durable products, including consumer … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Willis Lease Finance
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1-Year Total Return ->
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PROG Holdings
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H&E Equipment Services
A-Score
1-Year Total Return ->
4
FlexShopper
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1-Year Total Return ->
5
Custom Truck One Source
A-Score
1-Year Total Return ->
6
