ENVA - Enova International, Inc.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$248.60
DETAILS
HIGH:
$283.00
LOW:
$200.00
MEDIAN:
$270.00
CONSENSUS:
$248.60
UPSIDE:
0.38%
AlphaVal
Deterministic, archetype-aware fair value
Banks, Insurers & Asset Managers
80% confidence
Primary model: P/Tangible Book × ROE Quality
Adjust Assumptions
29.3%
11.1%
Key Value Driver
ROTCE (29.3%) vs. cost of equity (11.1%)
Implied Market Multiple
5.85x
Plain-Language Summary
With ROTCE of 29.3% vs. 11.1% cost of equity, fair P/TBV is 2.96x on $42.32 tangible book, implying $164.91 per share.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (10 analysts)
$248.60
Analyst Range
$200.00 – $283.00
Divergence from AlphaVal
34%
Warnings
Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.
Wall Street's average price target is $248.60 (from 10 analysts). Our estimate is 34% below the consensus -- consider that gap carefully.
Key Risks
- Book value quality matters as much as level — check loan loss reserves
- Interest rate sensitivity creates non-linear earnings surprises
- Insurance reserving is actuarial, not financial — errors emerge slowly