A Business at a Glance
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WORLD ACCEPTANCE CORP
WRLD
$1.1B
Mkt Cap
$204.67
+13.03%
WORLD ACCEPTANCE CORP (WRLD) has a current P/E ratio of 26.3, compared to its historical median P/E of 13.3. The stock is currently considered Expensive based on its historical valuation range.
WORLD ACCEPTANCE CORP (WRLD) has a 5-year average return on invested capital (ROIC) of 7.3%. This is below average and may indicate limited pricing power.
WORLD ACCEPTANCE CORP (WRLD) has a market capitalization of $1.0B. It is classified as a small-cap stock.
WORLD ACCEPTANCE CORP (WRLD) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 12.52%.
Based on historical P/E analysis, WORLD ACCEPTANCE CORP (WRLD) appears expensive. The current P/E of 26.3 is 97% above its historical median of 13.3. The estimated fair value CAGR (P/E method) is 13.6%.
WORLD ACCEPTANCE CORP (WRLD) operates in the Personal Credit Institutions industry, within the Financials sector.
WORLD ACCEPTANCE CORP (WRLD) reported annual revenue of $565 million in its most recent fiscal year, based on SEC EDGAR filings.
General. The Company, which has continuously operated since July 1962, is one of the nation's largest small-loan consumer finance companies, offering short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers traditional installment loans generally between $400 and $5,000, with the average loan origination being $1,975 in fiscal 2025. The Company operates 1,024 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Utah, and Wisconsin as of March 31, 2025. The Company generally serves individuals with limited access to other sources of consumer credit such as banks, credit unions, other consumer finance businesses and credit card lenders. The Company also offers income tax return preparation services to its loan customers and other individuals.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 573M | 565M | 573M | 617M | 585M | 528M |
| Net Income | 43M | 90M | 77M | 21M | 54M | 88M |
| EPS | $7.92 | $16.30 | $13.19 | $3.60 | $8.47 | $13.23 |
| Free Cash Flow | 252M | 250M | 260M | 286M | 266M | 215M |
| ROIC | 0.0% | 9.9% | 8.1% | 2.1% | 5.7% | 10.6% |
| Gross Margin | - | 71.8% | 74.5% | 59.7% | 70.1% | 85.9% |
| Debt/Equity | 1.93 | 1.02 | 1.17 | 3.10 | 3.74 | 1.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 112M | 99M | 27M | 66M | 111M |
| Operating Margin | 0.0% | 19.8% | 17.3% | 4.4% | 11.2% | 21.1% |
| ROE | 12.2% | 20.8% | 19.1% | 5.6% | 13.9% | 21.6% |
| Shares Outstanding | 5M | 6M | 6M | 6M | 6M | 7M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 599M | 610M | 557M | 491M | 503M | 545M | 590M | 528M | 585M | 617M | 573M | 565M | 573M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 74.2% | 71.2% | 85.9% | 70.1% | 59.7% | 74.5% | 71.8% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 281M | 292M | 269M | 244M | 269M | 288M | 347M | 305M | 300M | 279M | 269M | 241M | 286M |
| EBIT | 170M | 176M | 138M | 106M | 49M | 74M | 35M | 111M | 66M | 27M | 99M | 112M | 0 |
| Op. Margin | 28.4% | 28.8% | 24.7% | 21.6% | 9.8% | 13.6% | 5.9% | 21.1% | 11.2% | 4.4% | 17.3% | 19.8% | 0.0% |
| Net Income | 107M | 111M | 87M | 74M | 54M | 37M | 28M | 88M | 54M | 21M | 77M | 90M | 43M |
| Net Margin | 17.8% | 18.2% | 15.7% | 15.0% | 10.7% | 6.8% | 4.8% | 16.7% | 9.2% | 3.4% | 13.5% | 15.9% | 7.5% |
| Non-Recurring | 0 | 43K | -1.4M | 84K | -210K | -93K | -339K | -2.8M | -420K | -12K | 57K | 60K | 60K |
| Returns on Capital | |||||||||||||
| ROIC | 13.5% | 13.6% | 11.0% | 9.7% | 7.0% | 4.7% | 3.4% | 10.6% | 5.7% | 2.1% | 8.1% | 9.9% | 0.0% |
| ROE | 31.6% | 35.6% | 24.7% | 17.3% | 10.7% | 6.8% | 5.8% | 21.6% | 13.9% | 5.6% | 19.1% | 20.8% | 12.2% |
| ROA | 12.8% | 12.9% | 10.5% | 9.2% | 6.5% | 4.4% | 3.0% | 8.9% | 5.0% | 1.8% | 7.1% | 8.7% | 3.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 246M | 242M | 206M | 219M | 218M | 245M | 281M | 227M | 272M | 292M | 266M | 254M | 256M |
| Free Cash Flow | 239M | 233M | 197M | 213M | 209M | 235M | 270M | 215M | 266M | 286M | 260M | 250M | 252M |
| Owner Earnings | 224M | 219M | 193M | 207M | 204M | 219M | 240M | 196M | 244M | 272M | 253M | 224M | 186M |
| CapEx | 7.4M | 8.6M | 8.7M | 6.8M | 9.2M | 9.8M | 11M | 12M | 6.1M | 5.8M | 5.9M | 3.7M | 3.6M |
| Maint. CapEx | 7.3M | 7.3M | 7.0M | 7.4M | 8.3M | 8.1M | 12M | 12M | 11M | 11M | 11M | 10M | 60M |
| Growth CapEx | 93K | 1.3M | 1.6M | 0 | 841K | 1.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 7.3M | 7.3M | 7.0M | 7.4M | 8.3M | 8.1M | 12M | 12M | 11M | 11M | 11M | 10M | 60M |
| CapEx/OCF | 3.0% | 3.5% | 4.2% | 3.1% | 4.2% | 4.0% | 4.4% | 5.4% | 2.2% | 2.0% | 2.2% | 1.4% | 1.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 191M | 115M | 0 | 5.0M | 4.6M | 75M | 197M | 102M | 111M | 14M | 36M | 54M | 127M |
| Buyback Yield | 23.2% | 16.5% | N/A | 1.1% | 0.5% | 6.9% | 44.7% | 12.1% | 9.3% | 3.1% | 4.3% | 7.8% | 12.5% |
| Stock-Based Comp | 15M | 16M | 6.4M | 4.8M | 5.4M | 18M | 29M | 19M | 18M | 9.1M | 1.7M | 20M | 9.1M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.1M | 20K | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 467M | 463M | 367M | 284M | 232M | 243M | 439M | 389M | 1.4B | 1.2B | 487M | 438M | 667M |
| Cash & Equiv. | 38M | 38M | 8.1M | 12M | 12M | 9.3M | 12M | 16M | 19M | 17M | 12M | 9.7M | 10M |
| Long-Term Debt | 505M | 501M | 375M | 295M | 245M | 252M | 451M | 405M | 697M | 599M | 498M | 448M | 677M |
| Debt/Equity | 1.64 | 1.59 | 0.96 | 0.64 | 0.45 | 0.46 | 1.10 | 1.00 | 3.74 | 3.10 | 1.17 | 1.02 | 1.93 |
| Interest Coverage | 8.0 | 7.6 | 5.1 | 4.9 | 2.6 | 4.1 | 1.3 | 4.3 | 2.0 | 0.5 | 2.1 | 2.6 | 2.6 |
| Equity | 307M | 316M | 392M | 461M | 541M | 552M | 412M | 405M | 373M | 385M | 424M | 439M | 352M |
| Total Assets | 850M | 866M | 806M | 801M | 841M | 855M | 1.0B | 954M | 1.2B | 1.1B | 1.1B | 1.0B | 1.1B |
| Total Liabilities | 543M | 551M | 414M | 340M | 300M | 303M | 618M | 549M | 845M | 732M | 632M | 568M | 791M |
| Intangibles | 3.8M | 3.4M | 2.9M | 6.6M | 6.6M | 15M | 24M | 24M | 20M | 15M | 11M | 7.4M | 5.0M |
| Retained Earnings | 193M | 189M | 276M | 345M | 391M | 354M | 185M | 149M | 92M | 97M | 138M | 173M | 76M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 9.60 | 11.90 | 10.05 | 8.38 | 5.99 | 4.05 | 3.54 | 13.23 | 8.47 | 3.60 | 13.19 | 16.30 | 7.92 |
| Owner EPS | 20.15 | 23.48 | 22.16 | 23.59 | 22.79 | 23.81 | 30.20 | 29.32 | 38.27 | 46.08 | 43.18 | 40.75 | 37.74 |
| Book Value | 27.68 | 33.88 | 45.07 | 52.50 | 60.37 | 60.05 | 51.79 | 60.68 | 58.60 | 65.32 | 72.38 | 79.82 | 71.19 |
| Cash Flow/Share | 22.15 | 25.97 | 23.70 | 24.98 | 24.32 | 26.61 | 35.32 | 34.01 | 42.80 | 49.43 | 45.33 | 46.16 | 20.86 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 11.1M | 9.3M | 8.7M | 8.8M | 9.0M | 9.2M | 8.0M | 6.7M | 6.4M | 5.9M | 5.9M | 5.5M | 4.9M |
| Valuation | |||||||||||||
| P/E Ratio | 7.7 | 6.3 | 3.7 | 5.9 | 17.2 | 28.8 | 15.7 | 9.6 | 22.2 | 22.1 | 11.0 | 7.8 | 25.9 |
| P/FCF | 3.4 | 3.0 | 1.6 | 2.1 | 4.4 | 4.6 | 1.6 | 3.9 | 4.5 | 1.6 | 3.3 | 2.8 | 4.0 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | 1.7 | 1.9 | 1.1 | 2.1 | 3.2 | 1.2 | 2.0 | 1.6 | 2.9 |
| Price/Sales | 1.7 | 1.2 | 0.8 | 0.9 | 1.5 | 1.9 | 1.6 | 1.2 | 2.0 | 1.1 | 1.3 | 1.2 | 1.8 |
| FCF Yield | 29.1% | 33.4% | 61.4% | 48.5% | 22.7% | 21.9% | 61.0% | 25.4% | 22.2% | 61.0% | 30.6% | 35.8% | 24.9% |
| Market Cap | 820M | 698M | 321M | 438M | 921M | 1.1B | 442M | 846M | 1.2B | 469M | 850M | 699M | 1.0B |
| Avg. Price | 89.44 | 77.43 | 48.98 | 49.31 | 81.50 | 109.87 | 115.30 | 94.78 | 185.99 | 111.35 | 123.01 | 124.78 | 204.67 |
| Year-End Price | 73.81 | 74.98 | 36.97 | 49.86 | 102.75 | 116.80 | 55.58 | 126.80 | 188.35 | 79.46 | 144.98 | 127.01 | 204.67 |
WORLD ACCEPTANCE CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
WORLD ACCEPTANCE CORP trades at 26.3x trailing earnings, compared to its 15-year median P/E of 13.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 4.0x vs a median of 3.0x. The company's 5-year average ROIC is 7.3% with a gross margin of 72.4%. Total shareholder yield (buybacks) is 12.5%. At current prices, the estimated annualized return to fair value is +9.7%.
WORLD ACCEPTANCE CORP (WRLD) has a net profit margin of 15.9%. This is a healthy margin.
WORLD ACCEPTANCE CORP (WRLD) generated $250 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WORLD ACCEPTANCE CORP (WRLD) has a debt-to-equity ratio of 1.02. This indicates moderate leverage.
WORLD ACCEPTANCE CORP (WRLD) reported earnings per share (EPS) of $16.30 in its most recent fiscal year.
WORLD ACCEPTANCE CORP (WRLD) has a return on equity (ROE) of 20.8%. This indicates the company generates strong returns for shareholders.
WORLD ACCEPTANCE CORP (WRLD) has a 5-year average gross margin of 72.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for WORLD ACCEPTANCE CORP (WRLD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WORLD ACCEPTANCE CORP (WRLD) has a book value per share of $79.82, based on its most recent annual SEC filing.
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