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Is Enova International (ENVA) Stock Undervalued Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Enova International (ENVA - Free Report) . ENVA is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 7.82, which compares to its industry's average of 9.97. Over the past 52 weeks, ENVA's Forward P/E has been as high as 10.85 and as low as 7.10, with a median of 8.54.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. ENVA has a P/S ratio of 0.93. This compares to its industry's average P/S of 1.52.
Finally, investors will want to recognize that ENVA has a P/CF ratio of 8.86. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. ENVA's P/CF compares to its industry's average P/CF of 25.85. Within the past 12 months, ENVA's P/CF has been as high as 12.59 and as low as 8.04, with a median of 9.96.
These are only a few of the key metrics included in Enova International's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, ENVA looks like an impressive value stock at the moment.
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Is Enova International (ENVA) Stock Undervalued Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Enova International (ENVA - Free Report) . ENVA is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 7.82, which compares to its industry's average of 9.97. Over the past 52 weeks, ENVA's Forward P/E has been as high as 10.85 and as low as 7.10, with a median of 8.54.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. ENVA has a P/S ratio of 0.93. This compares to its industry's average P/S of 1.52.
Finally, investors will want to recognize that ENVA has a P/CF ratio of 8.86. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. ENVA's P/CF compares to its industry's average P/CF of 25.85. Within the past 12 months, ENVA's P/CF has been as high as 12.59 and as low as 8.04, with a median of 9.96.
These are only a few of the key metrics included in Enova International's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, ENVA looks like an impressive value stock at the moment.