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Should Value Investors Buy Enova International (ENVA) Stock?
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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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Enova International (ENVA - Free Report) . ENVA is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock holds a P/E ratio of 9.3, while its industry has an average P/E of 9.60. Over the last 12 months, ENVA's Forward P/E has been as high as 10.85 and as low as 7.10, with a median of 8.63.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. 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 1.1. This compares to its industry's average P/S of 1.35.
Finally, investors will want to recognize that ENVA has a P/CF ratio of 10.71. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. ENVA's current P/CF looks attractive when compared to its industry's average P/CF of 15.82. Over the past 52 weeks, ENVA's P/CF has been as high as 12.59 and as low as 8.04, with a median of 9.98.
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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Should Value Investors Buy Enova International (ENVA) Stock?
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.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Enova International (ENVA - Free Report) . ENVA is currently sporting a Zacks Rank #2 (Buy) and an A for Value. The stock holds a P/E ratio of 9.3, while its industry has an average P/E of 9.60. Over the last 12 months, ENVA's Forward P/E has been as high as 10.85 and as low as 7.10, with a median of 8.63.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. 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 1.1. This compares to its industry's average P/S of 1.35.
Finally, investors will want to recognize that ENVA has a P/CF ratio of 10.71. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. ENVA's current P/CF looks attractive when compared to its industry's average P/CF of 15.82. Over the past 52 weeks, ENVA's P/CF has been as high as 12.59 and as low as 8.04, with a median of 9.98.
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.