Enova(US:ENVA)2022-02-21 12:22Company Overview - Enova is a leading financial technology company providing online financial services, founded in 2004[6] - The company has served over 73 million customers since its inception[6] - Enova offers a total of 10 products through its AI and machine learning powered lending platform[6] - As of 2021, Enova's revenue reached over $12 billion[6] - Enova has made over $40 billion in loans to date[6] Financial Performance and Shareholder Value - Enova's average annual total shareholder return from 2016-2021 was 27%[8] - Enova's price to 2022 consensus EPS is 74, lower than the Russell 2000 Index at 98 and the S&P 600 Financial Sector Index at 122[9] - In Q4 2021, Enova's ending receivables reached $20 billion[12] - The return on average shareholder's equity was 27%[13] - Enova experienced a 14% quarter-over-quarter increase in revenue in Q4 2021[13] - New customers accounted for 46% of the total in Q4 2021, the highest percentage since 2004[13] Market and Products - 39% of Americans cannot cover an emergency expense of $400[17] - 72% of small businesses that apply for a loan from a large bank get rejected[17] - Enova operates in large non-prime markets, including $156 billion in US consumer loans, $30 billion in Brazil consumer loans, and $232 billion in US SMB loans[18]