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Atlanticus Holdings Corp (ATLC) stock analysis

ATLCNasdaqPersonal Credit InstitutionsFiscal year ends December 31Also trades as ATLCL, ATLCP, ATLCZ
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 12/3060% below fair value
$79.30−1.02 (-1.27%)

Close on Nov 12, 2026Market cap $1.20BP/E 7.0Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value5Growth4Performance3Health0Dividend0

Mixed12 of 30 checks passed

Atlanticus passes 12 of the 30 checks behind our score; 12 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
5/6
Growth
4/6
Past performance
3/6
Financial health
0/6
Dividend
0/6

What stands out

  • Margin of safety over 20%

    The price is 59.7% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $80.32 is below our fair value estimate of $199.13.

  • Return on equity over 15%

    Return on equity was 32.0% over the last twelve months and averaged 43.5% over five years.

  • Earnings grew over 5 years

    Net income grew 5.4% a year on average over the last five fiscal years.

What to watch

  • EPS growing under 10% a year

    Diluted EPS grew 0.7% a year over the last three fiscal years.

  • Elevated bankruptcy risk

    The Altman Z-score is 0.61; above 3 is the safe zone and below 1.8 the distress zone.

  • P/B above the industry

    Atlanticus's price-to-book of 1.50 is above the Personal Credit Institutions median of 1.50.

  • Net margin below its 5-year average

    Net margin was 7.6% over the last twelve months, against a 5-year average of 12.1%.

Valuation5/6

  • P/E below its 5-year median

    Atlanticus's P/E of 7.1 is below its own 5-year median of 8.6.

  • P/E below the industry

    Atlanticus's P/E of 7.1 is below the Personal Credit Institutions median of 8.8.

  • EV/EBITDA below its 5-year median

    Atlanticus's EV/EBITDA of 0.8 is below its 5-year median of 1.5.

  • P/B above the industry

    Atlanticus's price-to-book of 1.50 is above the Personal Credit Institutions median of 1.50.

  • Trading below fair value

    The share price of $80.32 is below our fair value estimate of $199.13.

  • Margin of safety over 20%

    The price is 59.7% below fair value, more than the 20% cushion we look for.

Growth4/6

  • Revenue growing 10%+ a year

    Revenue grew 23.4% a year over the last three fiscal years.

  • EPS growing under 10% a year

    Diluted EPS grew 0.7% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 89.6% over the last twelve months, against a 5-year average of 5.4% a year.

  • Growing faster than the industry

    Revenue grew 87.9% over the last twelve months; the Personal Credit Institutions median is 8.8%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin improving

    Gross margin was 92.4% over the last twelve months, against 91.3% a year earlier.

Past performance3/6

  • Return on equity over 15%

    Return on equity was 32.0% over the last twelve months and averaged 43.5% over five years.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity above the industry

    Atlanticus's return on equity of 32.0% is above the Personal Credit Institutions median of 22.7%.

  • Earnings grew over 5 years

    Net income grew 5.4% a year on average over the last five fiscal years.

  • Net margin below its 5-year average

    Net margin was 7.6% over the last twelve months, against a 5-year average of 12.1%.

  • Net margin below the industry

    Atlanticus's net margin of 7.6% is below the Personal Credit Institutions median of 13.4%.

Financial health0/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term liquidity

    The balance sheet is not split into current and non-current items.

  • Elevated bankruptcy risk

    The Altman Z-score is 0.61; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Atlanticus has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$199.13

The share price is 60% below this estimate.

20%+ below
Near fair value
20%+ above
$80.32Price$199.13Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E8.7×8.6×8.8×$98.1544%
EV/EBITDA4.8×1.5×8.2×$292.1939%
Earnings power13.7% cost of equity––$251.2817%
Fair value$199.13100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 8.6
  • Personal Credit Institutions median 8.8

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$11.56M
Value traded per 1% price move
$4.82M

Downside

Medium risk

Typical loss in a bad month
22.1%
Volatility (annualized)
53%
Sharpe ratio, 1 year
1.00
Beta to the S&P 500 (5Y)
1.76

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

91.8%+3.0 pts over 5 years

Net margin

6.2%−10.5 pts over 5 years

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