DCF Tool

WRLD

World Acceptance Corp. – Credit Card Issuing
world acceptance corp is a company based out of 113 e 4th st , ocilla, georgia, united states.
Analysis Results
Intrinsic Value $181.11
Latest Price $120.25
Relative Value 34% undervalued
Thoughts on this result? Let us know.
Ad
Cash Flow (Millions)
Analysis Parameters
%
%
%
New Ticker
Ad
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of -3.5%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 6.2%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of -3.5%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (million) Present value (million)
2024 58.9 55.5
2025 56.9 50.4
2026 54.9 45.9
2027 53.0 41.7
2028 51.2 37.9
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 1250 million. This corresponds to a present value of 870 million.

Intrinsic Value Per Share

The total present value of the projected cash flows is 231 million. Adding in the terminal value gives a total present value of 1100 million.

There are presently 6.08 million outstanding shares, so the intrinsic value per share is 181.11.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 904,297,421
Current Cash 0
Current Liabilities 648,356,402
Current Debt 0
Non-Cash Working Capital (NCWC) 255,941,019
Change in NCWC 8,982,588
EBIT 27,145,773
Tax Provision 5,913,783
Depreciation and Amortization 10,705,801
Capital Expenditure -5,827,773
Unlevered Free Cash Flow 35,092,606
Current Assets 1,004,751,476
Current Cash 0
Current Liabilities 757,793,045
Current Debt 0
Non-Cash Working Capital (NCWC) 246,958,431
Change in NCWC -45,967,292
EBIT 65,579,319
Tax Provision 11,659,482
Depreciation and Amortization 11,263,450
Capital Expenditure -6,070,414
Unlevered Free Cash Flow 13,145,581
Current Assets 750,549,371
Current Cash 0
Current Liabilities 457,623,648
Current Debt 0
Non-Cash Working Capital (NCWC) 292,925,723
Change in NCWC -11,723,501
EBIT 111,403,427
Tax Provision 23,120,599
Depreciation and Amortization 12,419,821
Capital Expenditure -11,683,857
Unlevered Free Cash Flow 77,295,291
Current Assets 820,013,206
Current Cash 0
Current Liabilities 515,363,982
Current Debt 0
Non-Cash Working Capital (NCWC) 304,649,224
Change in NCWC -157,438,768
EBIT 34,909,443
Tax Provision 6,751,965
Depreciation and Amortization 12,158,592
Capital Expenditure -11,277,780
Unlevered Free Cash Flow -128,400,478
Current Assets 764,959,440
Current Cash 0
Current Liabilities 302,871,448
Current Debt 0
Non-Cash Working Capital (NCWC) 462,087,992
Change in NCWC 4,700,145
EBIT 89,878,572
Tax Provision 15,981,057
Depreciation and Amortization 8,136,004
Capital Expenditure -9,805,084
Unlevered Free Cash Flow 76,928,580
Current Assets 757,267,032
Current Cash 0
Current Liabilities 299,879,185
Current Debt 0
Non-Cash Working Capital (NCWC) 457,387,847
Change in NCWC 86,012,046
EBIT 101,204,505
Tax Provision 47,514,487
Depreciation and Amortization 8,330,056
Capital Expenditure -9,171,468
Unlevered Free Cash Flow 138,860,652
Current Assets 710,900,999
Current Cash 0
Current Liabilities 339,525,198
Current Debt 0
Non-Cash Working Capital (NCWC) 371,375,801
Change in NCWC 66,576,683
EBIT 113,997,131
Tax Provision 40,396,837
Depreciation and Amortization 7,408,361
Capital Expenditure -6,813,582
Unlevered Free Cash Flow 140,771,756
Current Assets 719,116,400
Current Cash 0
Current Liabilities 414,317,282
Current Debt 0
Non-Cash Working Capital (NCWC) 304,799,118
Change in NCWC 74,718,493
EBIT 137,888,464
Tax Provision 50,492,907
Depreciation and Amortization 7,032,308
Capital Expenditure -8,654,804
Unlevered Free Cash Flow 160,491,554
Current Assets 780,643,625
Current Cash 0
Current Liabilities 550,563,000
Current Debt 0
Non-Cash Working Capital (NCWC) 230,080,625
Change in NCWC 2,518,307
EBIT 176,030,339
Tax Provision 65,196,881
Depreciation and Amortization 7,261,709
Capital Expenditure -8,629,469
Unlevered Free Cash Flow 111,984,005
Current Assets 770,234,558
Current Cash 0
Current Liabilities 542,672,240
Current Debt 0
Non-Cash Working Capital (NCWC) 227,562,318
Change in NCWC -63,249,067
EBIT 170,244,205
Tax Provision 63,636,273
Depreciation and Amortization 7,339,875
Capital Expenditure -7,384,059
Unlevered Free Cash Flow 43,314,681
Current Assets 733,740,091
Current Cash 0
Current Liabilities 442,928,706
Current Debt 0
Non-Cash Working Capital (NCWC) 290,811,385
Change in NCWC -64,406,351
EBIT 166,290,831
Tax Provision 62,201,083
Depreciation and Amortization 7,807,765
Capital Expenditure -7,600,465
Unlevered Free Cash Flow 39,890,697
Current Assets 671,345,822
Current Cash 0
Current Liabilities 316,128,086
Current Debt 0
Non-Cash Working Capital (NCWC) 355,217,736
Change in NCWC -26,707,612
EBIT 159,873,341
Tax Provision 59,178,898
Depreciation and Amortization 8,192,058
Capital Expenditure -6,855,688
Unlevered Free Cash Flow 75,323,201

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.