Prog Holdings, Inc.

Consumer Discretionary
Diversified Commercial Services
www.progholdings.com

Earnings Score
Moat Score

Market Cap $1.09B
PE 5
Debt -
Cash $213.30M
EV -
FCF $204.54M

Earnings

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Sales & Net Margins

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Earnings	$210.00M
EBIT	$211.40M
ROE	32%
ROA	14%
FCF	$204.54M
Equity	$654.45M
Growth Stability	100%
PE	5.21
PEG	-0.43
PB	1.67
P/FCF	5.35
P/S	0.44
Price/Cash	0.2
Net Margins	5%
Op. Margins	8%
Earnings CAGR	4%
Sales Growth YoY	7%
Sales Growth QoQ	10%
Sales CAGR	1%
FCF CAGR	-12%
Equity CAGR	-20%
Earnings Stability	-0.47
Earnings Growth YoY	58%

Earnings Growth QoQ	-40%
Earnings CAGR 5Y	-12%
Sales CAGR 5Y	-0%
FCF CAGR 5Y	-16%
Equity CAGR 5Y	-16%
Earnings CAGR 3Y	-3%
Sales CAGR 3Y	-3%
FCF CAGR 3Y	-13%
Equity CAGR 3Y	5%
Market Cap	$1.09B
Revenue	$2.51B
Dividend Yield	2%
Payout Ratio	10%
Assets	$1.47B
Cash	$213.30M
Shares Outstanding	40.84M
Earnings Score	6%
Moat Score	91%
Shares Growth 3y	-9%
Equity Growth QoQ	1%
Equity Growth YoY	12%

Assets & ROA

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Stockholders Equity & ROE

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PROG Holdings Inc is a provider of lease-purchase solutions through more than 30,000 retail partner locations in 46 states and the district of Columbia, including e-commerce merchants. The firm operates in two segments Progressive Leasing and Vive Financial. The majority of the firm's revenue is derived from the Progressive Leasing segment that offers lease-to-own transactions mainly to credit-challenged consumers, through point-of-sale and e-commerce retail partners, via in-store, mobile, and online solutions.

SEC Filings

Direct access to Prog Holdings, Inc. (PRG) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Prog Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Prog Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 4%

Stability -47%

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Prog Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Prog Holdings, Inc..

Years

Calculation mode

= $937M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$205M	$180M	$158M	$138M	$121M	$106M	$93M	$82M	$72M	$63M	$55M	$554M
DCF		$163M	$130M	$104M	$83M	$66M	$53M	$42M	$34M	$27M	$21M	$214M
Value	$937M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	10%	1%	-2%	9%	4%	6%	8%	5%
ROA	-	1%	21%	21%	12%	15%	13%	14%
ROE	-	2%	-6%	36%	17%	23%	30%	32%

Bad Net Margins (5.08%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	0.13	2.54	2.58	3.08	4.99	-
Debt over Equity	-	-	0.05	0.88	1.05	1.01	1	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	6%	15%	8%	-3%	-7%	2%	-0%
Earnings YoY growth	-	-84%	-295%	-496%	-59%	41%	42%	-12%
Equity YoY growth	-	-1%	-43%	-31%	-16%	4%	10%	-16%
FCF YoY growth	-	-19%	75%	-40%	-2%	-16%	-33%	-16%