GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC
Credit Acceptance Corp (NAS:CACC)
[1]
Fairly Valued[5]$ 648.61
Credit Services
Market Cap: $ 9,431 Mil
Credit Acceptance Corp is a consumer finance company that offers automobile dealers financing programs that enables them to sell vehicles to consumers regardless of their credit history.
Valuation Rank
Score: 4 /10CurrentIndustry MedianHistorical Median
PE Ratio11.9613.2412.7
Forward P/E14.2710.17N/A
PB Ratio4.891.093.93
PS Ratio5.943.784.65
P/FCF9.626.019.43
Shiller P/E26.9414.4426.68
PEG Ratio1.121.100.64
Valuation Analysis
% of Price
NCAV122.7719
Tangible Book132.7620
Graham Number402.4462
Median PS Value530.4682
Price648.61
Peter Lynch Value831.19128
DCF (Earnings Based)2129.58328
DCF (FCF Based)2840.24438
Dividend & Ownership
Dividend Yield(ttm) %N/A
Dividend Yield(forward) %N/A
PayoutN/A
Dividend Growth(5y) %N/A
Yield on Cost(5y) %N/A
Continuous Div. sinceN/A
Insider Ownership %24.92
Institution Ownership %33.32
Financial Strength
Score: 3 /10CurrentIndustry MedianHistorical Median
Cash-to-Debt0.000.290.01
Equity-to-Asset0.270.410.30
Interest CoverageN/A106.310.00
Piotroski F-Score856
Profitability Rank
Score: 9 /10CurrentIndustry MedianHistorical Median
Operating Margin %64.7719.5456.85
Net Margin %49.3118.3736.63
ROE %40.035.3535.69
ROA %12.061.7510.21
ROC (Joel Greenblatt) %408.604.41757.93
Growth (Per Share)
10 Yr5 Yr1 Yr
Revenue Growth (%)19.518.623.7
EBITDA Growth (%)16.410.7128.2
Oprt. Income Growth (%)16.510.6132.7
EPS w/o NRI Growth (%)1915.2136.3
Free Cash Flow Growth (%)21.522.225.4
Book Value Growth (%)24.425.61.5
Quarterly
Sep20Dec20Mar21Jun21Sep21
Revenue426447451472470
Net Income242166202289250
EPS13.569.4311.8217.1815.79
Revenue (YoY) %12.615.915.9216.1510.23
Net Income (YoY) %46.372.72-341.17199.383.26
EPS (YoY) %55.339.65-356.4218.1516.45
Warning Signs
SEVEREFinancial Strength: Poor
SEVEREOperating Margin %: Declined
Good Signs
GOODAltman Z-Score: Strong
Insider Trades
InsiderPositionDateTradesCur. Shares
Smith Thomas WMember of Secti11/11/21-3000786709
Smith Arthur LChief Analytics11/10/21-24709300
Tryforos Thomas NDirector11/08/21-3030313165
Booth KennethCEO11/05/21-550015012
Ulatowski Daniel A.Chief Sales Off11/05/21-100013012
Foss Donald A10% Owner11/04/21-390001448k
Ulatowski Daniel A.Chief Sales Off11/04/21-100014012
Lum JonathanCOO11/03/21-26459560
Busk Douglas WChief Treasury 11/03/21-13866433
Prescott General Partners Llc09/09/21-324012578k
As of 12-06-2021
* All financial numbers are in millions except for per share data, ratios and percentage change.
Gain % SP500 %
1W0.48-1.21
1M-4.03-2.43
3M-3.240.40
6M68.368.98
YTD87.3822.46
1Y95.7425.39
3Y16.7119.60
5Y27.4617.70
10Y22.6015.98
696.25
321.1
54.05
369496
184748
2011201220132014201520162017201820192020CurrentPerformance
92.14106.5131.4162.02273.37219.09334.87464.91501.08524.41703.27Highest Stock Price
54.0578.4796.75113.37132.95163.09185.37305.01389.23215.83320.19Lowest Stock Price
21082452298228104309432462467243811859169431Market Cap
26.625.62422.32120.419.619.51917.915.8Shares Outstanding-Diluted
11.6411.8512.3311.4414.9913.3413.4612.9912.814.7511.96PE Ratio
3.93.943.9844.643.684.073.643.452.574.89PB Ratio
4.184.284.64.225.454.595.75.85.643.725.94PS Ratio
10.1810.4210.7110.0313.0812.715.5314.2614.1818.1311.52EV-to-EBITDA
2011201220132014201520162017201820192020TTMPer Share Data
19.6823.7728.2832.3339.2647.3756.7265.7978.4193109.2Revenue per Share
7.078.5810.5411.9214.2816.3124.0429.3934.5723.4754.22Earnings per Share
10.1311.7113.3316.1619.0724.5828.5134.7541.3954.4667.43Free Cash Flow per Share
----------------------Dividends per Share
21.0725.7932.6934.0946.159.0579.53104.94128.34134.71132.76Tangible Book per Share
73.0396.62120.69138.19173.9207.24253.94303.48374.22450.84530.46Median PS Value
57.970.5688.0595.62121.7147.2207.41263.42315.95266.71402.44Graham Number
2011201220132014201520162017201820192020TTMIncome Statement
523.4608.5678.9722823.6966.91109.412851487.91668.11839.2Revenue
403.2462.9526.6565.1631.2742.7849.1960.61098.41289.61471.5Gross Profit
7776.177.678.376.676.876.574.873.877.380Gross Margin %
108.6120.5131.6123.9158.4213.8265.9206.3241.8733.9280.2Total Operating Expense
294.6342.4395441.2472.8528.9583.2754.3856.6555.71191.3Operating Income
56.356.358.261.157.454.752.658.757.633.364.8Operating Margin %
188219.7253.1266.2299.7332.8470.2574656.1421907Net Income
35.936.137.336.936.434.442.444.744.125.249.3Net Margin %
294.6342.4395441.2472.8528.9583.2754.3856.6555.71191.3EBIT
304.6354.6408.2454.4487544.2599.6773.8879579.51217.3EBITDA
37.137.836.936.736.831.734.732.630.218.140ROE %
12.111.311.110.29.78.810.210.29.65.712.1ROA %
2011201220132014201520162017201820192020Sep21Balance Sheet
4.794.26.46.314.68.225.7187.41613.3Cash & Equivalents
1599.11934.62213.92514.33111.53888.94621.85771.26751.46934.96607.6Total Receivables
1758.62133.22433.42785.43372.642184985.66237.47423.274897199Total Assets
--43.8--------550--1187.972.2Short-Term Debt & CLO
997.91246.81388.61752.52067.82603.73070.83270.945383420.74534.9Long-Term Debt & CLO
1218.61511.31683.32083.22444.53044.33449.84246.55067.95186.55245.2Total Liabilities
540621.9750.1702.2928.11173.71535.81990.92355.32302.51953.8Total Stockholders Equity
540621.9750.1702.2928.11173.71535.81990.92355.32302.51953.8Total Equity
2011201220132014201520162017201820192020TTMCashflow Statement
275.7308.6325.7365.2404.2507.2566703.9812.3985.21140.5Cash Flow from Operations
-454-400.9-333.6-363.4-639.5-878.2-871.8-1238.3-1024.2-673.5198.7Cash Flow from Investing
-130.8-152.5-135.2-343.7-86.5-121.7-123.5-129.1-300.4-480.8-1093.9Repurchase of Stock
312.1253141.9364.1332535.8470.9749.7726.867.1-8.7Net Issuance of Debt
179.296.63.10.4235.2436.6330.3599.9400.3-433.2-1297.7Cash Flow from Financing
0.94.3-4.82.2-0.165.624.565.5188.4-121.541.5Net Change in Cash
-6.3-8.8-5.6-4.3-4-5.5-8.4-25.1-26.8-8.5-6.9Capital Expenditure
269.4299.8320.1360.9400.2501.7557.6678.8785.5976.71133.6Free Cash Flow
Competitor
TickerCompanyFinancial
Strength
Profitability
Rank
Market Cap
($M)
PE RatioPS RatioNet
Margin %
ROA %ROE %
NYSE:SCSantander Consumer USA Holdings Inc2512,9794.211.8343.426.3848.03
XPAR:EDENEdenred SA4710,97736.476.5017.762.840.00
NAS:CACCCredit Acceptance Corp399,43111.965.9449.3112.0640.03
NYSE:WUThe Western Union Co486,9318.711.4016.108.96361.05
NYSE:OMFOneMain Holdings Inc256,5784.841.7235.506.4142.65
GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Financial Strength[2] (Quarterly data, as of Sep. 2021) : Poor (3/10)

0
1
2
3
4
5
6
7
8
9

Cash-to-Debt : 0.00

Cash-to-Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. A high ratio indicates that a company is better able to pay back its debt, and is thus able to take on more debt if necessary.


Equity-to-Asset : 0.27

Equity-to-Asset ratio is calculated as total stockholders equity divided by its total assets. Equity-to-Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity-to-Asset ratio (more leveraged) may have higher ROE % because of the leverage.


Debt-to-Equity : 2.36

A high Debt-to-Equity ratio generally means that a company has been aggressive in financing its growth with debt.


Piotroski F-Score : 8

The Piotroski F-Score is used to determine the strength of a firm's financial position, with 9 being the best and 0 being the worst.

0
1
2
3
4
5
6
7
8
9


WACC : 6.10% vs ROIC : 12.56%

The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. Return on invested capital (ROIC) measures how well a company generates cash flow relative to the capital it has invested in its business.


Dividend Yield : 0.00%

Dividend yield is a way to measure how much cash flow you are getting for each dollar invested in an equity position.

GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Profitability[3] (Annual data, as of Dec. 2020) : Good (9/10)

0
1
2
3
4
5
6
7
8
9

Revenue : $470 Mil vs Net Income : $250 Mil

Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. Net Income is a company's total profit. Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses.


Cash & Equivalents : $13 Mil vs Long-Term Debt* : $4,535 Mil

Cash & equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash. Long-Term Debt* consists of loans and obligations lasting over one year.


Operating Margin % : 70.65%

Operating margin % measures how much profit a company makes on a dollar of sales. Operating Margin % is calculated as Operating Income divided by Revenue.


EPS without NRI : $15.79

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock. In calculating earnings per share without non-recurring items, the dividends of preferred stocks and Non Operating Income need to subtracted from the total net income first.


Dividends per Share : $0.00

Dividends per Share is the amount of dividends that the shareholders of a company receive on a per-share basis. It is calculated using the total dividends paid out to shareholders over one fiscal year and the number of shares outstanding.


Free Cash Flow per Share : $16.86

Free Cash flow per Share is the amount of Free cash flow per outstanding share of the company's stock.

GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Valuation (Quarterly data, as of Sep. 2021)

These valuation metrics should give you a sense of reasonable prices, but be careful with them. Always seek to understand why a valuation is changing over time.


Valuation Chart (Current stock price : $648.61)


PE Ratio without NRI : 10.79

The price-to-earnings ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.


PB Ratio : 4.41

The price-to-book ratio measures the valuation of the stock relative to the underlying asset of the company.


PS Ratio : 5.36

The price-to-sales ratio is a valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the value placed on each dollar of a company’s sales or revenues.


Price-to-Free-Cash-Flow : 8.68

Price-to-free-cash-flow is very similar to the valuation metric of price-to-operating-cash-flow but is considered a more exact measure, owing to the fact that it uses free cash flow, which subtracts capital expenditures from a company's total operating cash flow, thereby reflecting the actual cash flow available to fund non-asset-related growth.


EV-to-EBIT : 11.09

Enterprise value of a company divided by its trailing 12 months earnings before interest and taxes (EBIT).

GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Valuation Bands

In these charts the 10-year valuation bands of the price-to-earnings ratio (PE Ratio), price-to-book ratio (PB Ratio), price-to-sales ratio (PS Ratio) and price-to-operating-cash-flow ratio (POCF) are drawn together with the historical stock prices. For example, the upper line of the PE band is where the stock price would have been if it were always traded at the maximum PE ratio of the past 10 years. The lower line of the PE band is where the stock price would have been if it were always traded at the lowest PE ratio of the past 10 years. It is always better if the stock price is close to the lower line, which indicates a lower valuation.


Historical Price and PE Band


Historical Price and PS Band


Historical Price and PB Band


Historical Price and Price-to-Operating-Cash-Flow (POCF) Band

GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Warning Signs

GuruFocus conducted a thorough checkup using a checklist of 32 items that cover the areas of financial strength, profitability, growth, and valuation of each company. The purpose of Warning Signs is to warn you that the company may have red flags in certain areas, helping to avoid overlooking them. These warning signs do not necessarily mean you should not invest in the stock. But you should be aware of them before you invest.


Severe Warning Signs

Financial Strength : Poor

Credit Acceptance Corp displays poor financial strength. Usually this is caused by too much debt for the company.

Operating Margin % : Declined

Credit Acceptance Corp operating margin has been in 5-year decline. The average rate of decline per year is -6.8%.

Good Signs

Altman Z-Score : Strong

Altman Z-score of 3.35 is strong.

Piotroski F-Score : High

Piotroski F-Score is 8, indicating very healthy situation.

Beneish M-Score : Unlikely manipulator

Beneish M-Score -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

Revenue per Share : Consistent growth

Credit Acceptance Corp has shown predictable revenue and earnings growth.

Medium Warning Signs

Price : Close to 10-year high

Credit Acceptance Corp stock Price is close to 10-year high

PS Ratio : Close to 2-year high

Credit Acceptance Corp stock PS Ratio (=5.94) is close to 2-year high of 6.28

Long-Term Debt : Issuing new debt

Credit Acceptance Corp has been issuing new debt. Over the past 3 years, it issued USD 735.3 million of debt. But overall, its debt level is acceptable.

Operating Income : loss

Credit Acceptance Corp has recorded a loss in operating income at least once over the past 3 years.

Insider Sell : Insider Selling

There were 10 insider selling transactions and no insider buying over the past 3 months. 91,432 shares were sold.
GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Competitive Comparison


5 Year Price Change Comparison


Financial Strength

CompanyFinancial StrengthCash-to-DebtEquity-to-AssetDebt-to-EquityInterest CoveragePiotroski F-ScoreAltman Z-ScoreBeneish M-ScoreWACC %ROIC %
NYSE:GDOTGreen Dot Corp6/10107.910.250.02572.6840.67-1.346.530.73
NYSE:ADSAlliance Data Systems Corp4/100.420.103.3840.9160.84-2.615.014.87
NAS:FCFSFirstCash Inc4/100.050.510.797.0272.83-2.375.866.95
NYSE:WUThe Western Union Co4/100.350.047.749.5981.53-3.055.7218.89
NAS:CACCCredit Acceptance Corp3/100.000.272.36N/A83.35-2.536.1012.56
NYSE:ALLYAlly Financial Inc2/100.720.100.88N/A90.00-2.519.160.00
NYSE:OMFOneMain Holdings Inc2/100.050.145.66N/A70.00-2.656.740.00
NYSE:ORCCOwl Rock Capital Corp2/100.110.451.18N/A30.000.005.640.00
NAS:SLMSLM Corp2/100.500.072.54N/A60.00-2.329.000.00
NYSE:SCSantander Consumer USA Holdings Inc2/100.060.164.85N/A90.00-2.873.600.00

Profitability

CompanyProfitability RankOperating
Margin %
Net Margin %ROE %ROA %Price-to-Free-Cash-FlowROC (Joel Greenblatt) %3-Year Revenue Growth %3-Year EBITDA Growth %3-Year EPS w/o NRI Growth %
NAS:CACCCredit Acceptance Corp9/1064.7749.3140.0312.069.62408.6017.901.80-0.80
NAS:FCFSFirstCash Inc9/1013.158.0710.025.3933.0518.341.80-0.50-5.10
NYSE:WUThe Western Union Co8/1020.4316.10361.058.969.49483.33-0.5021.600.00
NYSE:GDOTGreen Dot Corp7/103.102.453.280.7918.4828.8511.30-12.00-36.10
NYSE:ADSAlliance Data Systems Corp6/1027.9318.4744.683.652.29234.17-1.20-24.40-23.50
NYSE:OMFOneMain Holdings Inc5/100.0035.5042.656.413.070.009.800.0058.80
NAS:SLMSLM Corp5/100.0068.6554.284.300.000.0021.900.0053.70
NYSE:SCSantander Consumer USA Holdings Inc5/100.0043.4248.036.380.000.0011.400.00-4.20
NYSE:ALLYAlly Financial Inc4/100.0038.4019.771.700.000.008.500.0012.40
NYSE:ORCCOwl Rock Capital Corp2/100.0091.5210.905.370.000.00-23.200.00-13.20

Valuation

CompanyPE RatioPB RatioPS RatioPrice-to-Intrinsic-Value-Projected-FCFPrice-to-Intrinsic-Value-DCF (Earnings Based)Price-to-Median-PS-ValuePrice-to-Peter-Lynch-Fair-ValuePrice-to-Graham-NumberEarnings Yield (Joel Greenblatt) %Forward Rate of Return (Yacktman) %
NYSE:SCSantander Consumer USA Holdings Inc4.211.641.830.000.000.000.600.560.00-8.12
NYSE:ADSAlliance Data Systems Corp4.441.570.810.180.000.480.000.8715.1543.80
NYSE:OMFOneMain Holdings Inc4.842.141.720.260.330.000.001.010.0030.72
NAS:SLMSLM Corp5.082.823.310.000.000.940.590.800.006.74
NYSE:ALLYAlly Financial Inc5.631.082.141.050.000.000.650.530.007.49
NYSE:WUThe Western Union Co8.7118.881.401.020.000.790.480.0012.0926.80
NYSE:ORCCOwl Rock Capital Corp8.760.948.000.000.000.000.350.610.00-24.59
NAS:CACCCredit Acceptance Corp11.964.895.940.810.301.220.781.618.5022.05
NAS:FCFSFirstCash Inc20.201.981.631.011.370.782.723.425.7112.36
NYSE:GDOTGreen Dot Corp58.411.741.370.760.000.800.002.8444.644.05
GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Peter Lynch Chart[4]

GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Per Share Data



Per Share Data

Dec05
Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
5.08
6.13
7.56
9.94
11.95
14.69
19.68
23.77
28.28
32.33
39.26
47.37
56.72
65.79
78.41
93
109
Revenue per Share
2.8
2.61
2.66
3.66
7.47
8.77
11.45
13.85
17
20.35
23.21
26.66
30.66
39.62
46.32
32.31
72.66
EBITDA per Share
2.67
2.48
2.53
3.35
7.16
8.4
11.08
13.38
16.45
19.76
22.54
25.91
29.82
38.62
45.14
30.98
71.12
EBIT per Share
1.85
1.66
1.76
2.16
4.62
5.67
7.07
8.58
10.54
11.92
14.28
16.31
24.04
29.39
34.57
23.47
54.22
Earnings per Share (Diluted)
1.74
1.67
1.72
2.16
4.62
5.67
7.07
8.58
10.54
11.92
14.28
16.31
24.04
29.39
34.57
23.47
54.22
EPS without NRI
2.51
2.25
2.25
3.36
4.98
6.41
9.01
10.6
12.16
14.77
16.36
19.84
21.24
31.87
37.56
22.55
66.02
Owner Earnings per Share (TTM)
2.59
2.4
2.89
4.94
4.97
6.58
10.13
11.71
13.33
16.16
19.07
24.58
28.51
34.75
41.39
54.46
67.43
Free Cash Flow per Share
2.66
2.44
3.14
5.14
5.06
6.69
10.36
12.06
13.57
16.35
19.27
24.85
28.94
36.04
42.8
54.93
67.85
Operating Cash Flow per Share
0.19
0.28
0.02
0.1
0.07
0.14
0.18
0.37
0.18
0.31
0.31
0.74
0.43
1.36
10.21
0.94
0.9
Cash per Share
10.07
6.97
8.78
11.01
15.99
17.38
21.07
25.79
32.69
34.09
46.1
59.05
79.53
105
128
135
133
Book Value per Share
10.07
6.97
8.78
11.01
15.99
17.38
21.07
25.79
32.69
34.09
46.1
59.05
79.53
105
128
135
133
Tangible Book per Share
3.97
13
17.6
20.93
16.27
25.11
38.94
51.87
60.69
85.08
103
131
159
201
247
270
313
Total Debt per Share
16.1
33.33
20.67
13.7
42.1
62.77
82.28
102
130
136
214
218
323
382
442
346
649
Month End Stock Price

Ratios

Dec05
Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
21.55
20.1
23.08
22.27
34.99
34.98
37.06
37.82
36.9
36.66
36.77
31.67
34.71
32.55
30.19
18.08
40.03
ROE %
13.47
4.21
9.82
17.96
13.3
9.69
9.5
9.6
9.27
9.17
7.92
8.61
8.53
8.94
8.75
7.04
8.19
ROE % Adjusted to Book Value
11.99
8.72
6.59
6.45
12.63
13.5
12.12
11.29
11.08
10.2
9.73
8.77
10.22
10.23
9.61
5.65
12.06
ROA %
21.55
20.1
23.08
22.27
34.99
34.98
37.06
37.82
36.9
36.66
36.77
31.67
34.71
32.55
30.19
18.08
40.03
Return-on-Tangible-Equity
11.99
8.72
6.59
6.45
12.63
13.5
12.12
11.29
11.08
10.2
9.73
8.77
10.22
10.23
9.61
5.65
12.06
Return-on-Tangible-Asset
554
512
434
506
977
1208
1396
1103
1017
829
750
766
711
619
496
251
409
ROC (Joel Greenblatt) %
19.31
14.46
10.45
10.86
21.07
21.28
20.11
18.62
18.32
17.78
15.99
14.5
13.19
14.66
13.47
8.34
16.94
ROCE %
11.49
9.51
6.78
6.82
13.47
14.32
12.79
11.95
11.66
11.26
10.12
9.11
10.65
10.61
10.06
5.95
12.56
ROIC %
15.6
8.41
5.67
5.74
6.09
5.57
2.7
3.19
7.08
5.83
4.12
3.48
3.13
4.74
4.5
4.96
6.1
WACC %
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Effective Interest Rate on Debt %
73.41
70.24
60.93
63.73
73.77
75.23
77.03
76.07
77.57
78.27
76.64
76.81
76.54
74.75
73.82
77.31
80.01
Gross Margin %
52.45
40.48
33.48
33.66
59.94
57.19
56.29
56.27
58.18
61.11
57.41
54.7
52.57
58.7
57.57
33.31
64.77
Operating Margin %
36.44
27.12
23.31
21.72
38.64
38.62
35.92
36.11
37.28
36.87
36.39
34.42
42.38
44.67
44.1
25.24
49.31
Net Margin %
50.95
39.15
38.24
49.63
41.59
44.77
51.47
49.27
47.15
49.99
48.59
51.89
50.26
52.82
52.79
58.55
61.64
FCF Margin %
0.39
1.86
2.01
1.9
1.02
1.45
1.85
2.01
1.86
2.5
2.23
2.22
2
1.92
1.93
2
2.36
Debt-to-Equity
0.6
0.29
0.28
0.3
0.42
0.35
0.31
0.29
0.31
0.25
0.28
0.28
0.31
0.32
0.32
0.31
0.27
Equity-to-Asset
0.24
0.54
0.57
0.56
0.43
0.51
0.57
0.59
0.57
0.63
0.61
0.62
0.62
0.61
0.61
0.62
0.64
Debt-to-Asset
0.4
0.71
0.72
0.7
0.58
0.65
0.69
0.71
0.69
0.75
0.73
0.72
0.69
0.68
0.68
0.69
0.73
Liabilities-to-Assets
24.16
22.59
17.22
18.94
24.12
26.3
26
23.79
23.06
21.66
20.5
19.57
18.45
17.12
16.08
17.3
19.56
Gross-Profit-to-Asset %
0.33
0.32
0.28
0.3
0.33
0.35
0.34
0.31
0.3
0.28
0.27
0.26
0.24
0.23
0.22
0.22
0.24
Asset Turnover
416
380
313
266
296
255
260
253
263
265
230
221
207
190
184
190
212
Days Payable
-416
-380
-313
-266
-296
-255
-260
-253
-263
-265
-230
-221
-207
-190
-184
-190
-212
Cash Conversion Cycle
0.27
0.3
0.39
0.36
0.26
0.25
0.23
0.24
0.22
0.22
0.23
0.23
0.23
0.25
0.26
0.23
0.2
COGS-to-Revenue
0.01
0.01
0.03
0.02
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.02
0.02
0.01
0
Capex-to-Revenue
* All financial numbers are in millions except for per share data, ratios and percentage change. When Return-on-Tangible-Equity displays Neg. E, it means the the tangible equity is negative.
GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Financial Satement



Income Statement

Dec05
Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
199
216
236
309
379
441
523
609
679
722
824
967
1109
1285
1488
1668
1839
Revenue
52.98
64.35
92.07
112
99.29
109
120
146
152
157
192
224
260
324
390
379
368
Cost of Goods Sold
146
152
144
197
279
331
403
463
527
565
631
743
849
961
1098
1290
1472
Gross Profit
73.41
70.24
60.93
63.73
73.77
75.23
77.03
76.07
77.57
78.27
76.64
76.81
76.54
74.75
73.82
77.31
80.01
Gross Margin %
35.11
53.11
44.7
44.31
45.2
46.1
49.2
61.7
68.9
71.1
83.7
97.6
114
123
135
139
167
Selling, General, & Admin. Expense
6.64
11.23
19.99
48.68
7.14
33.4
59.4
58.8
62.7
52.8
74.7
116
152
82.9
107
595
114
Other Operating Expense
41.75
64.34
64.68
92.99
52.33
79.5
109
121
132
124
158
214
266
206
242
734
280
Total Operating Expense
105
87.51
78.88
104
227
252
295
342
395
441
473
529
583
754
857
556
1191
Operating Income
52.45
40.48
33.48
33.66
59.94
57.19
56.29
56.27
58.18
61.11
57.41
54.7
52.57
58.7
57.57
33.31
64.77
Operating Margin %
3.85
3.13
4.31
2.91
2.16
1.6
1.8
0.7
3.2
-20.3
1.7
2.3
0.6
0.8
-0.7
-6.2
1
Other Income (Expense)
108
90.64
83.18
107
229
254
296
343
398
421
475
531
584
755
856
550
1192
Pre-Tax Income
-40.16
-31.79
-29.57
-39.94
-82.99
-83.4
-108
-123
-145
-155
-175
-198
-114
-181
-200
-129
-285
Tax Provision
37.06
35.08
35.55
37.33
36.24
32.9
36.57
35.97
36.44
36.75
36.84
37.35
19.46
23.98
23.34
23.38
23.93
Tax Rate %
68.2
58.85
53.61
67.07
146
170
188
220
253
266
300
333
470
574
656
421
907
Net Income (Continuing Operations)
4.4
-0.21
1.3
0.11
0.21
-0.03
--
--
--
--
--
--
--
--
--
--
-- Net Income (Discontinued Operations)
72.6
58.64
54.92
67.18
146
170
188
220
253
266
300
333
470
574
656
421
907
Net Income
36.44
27.12
23.31
21.72
38.64
38.62
35.92
36.11
37.28
36.87
36.39
34.42
42.38
44.67
44.1
25.24
49.31
Net Margin %
1.96
1.78
1.83
2.22
4.78
5.79
7.15
8.65
10.61
11.96
14.35
16.37
24.12
29.52
34.71
23.57
54.34
EPS (Basic)
1.85
1.66
1.76
2.16
4.62
5.67
7.07
8.58
10.54
11.92
14.28
16.31
24.04
29.39
34.57
23.47
54.22
EPS (Diluted)
39.21
35.28
31.15
31.11
31.67
29.99
26.6
25.6
24.01
22.33
20.98
20.41
19.56
19.53
18.98
17.94
15.83
Shares Outstanding (Diluted Average)
105
87.51
78.88
104
227
252
295
342
395
441
473
529
583
754
857
556
1191
EBIT
5.21
4.62
4.11
9.61
9.66
11
10
12.2
13.2
13.2
14.2
15.3
16.4
19.5
22.4
23.8
26
Depreciation, Depletion and Amortization
110
92.14
82.98
114
237
263
305
355
408
454
487
544
600
774
879
580
1217
EBITDA

Cashflow Statement

Dec05
Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
72.6
58.64
54.92
67.18
146
170
188
220
253
266
300
333
470
574
656
421
907
Net Income From Continuing Operations
5.21
4.62
4.11
9.61
9.66
11
10
12.2
13.2
13.2
14.2
15.3
16.4
19.5
22.4
23.8
26
Depreciation, Depletion and Amortization
5.42
-7.71
-8.98
21.59
-3.96
-8.1
11.5
-0.6
--
-0.3
-8.6
7.7
0.1
-5.7
-58.3
-80.8
-16.3
  Change In Receivables
7.35
22.59
1.45
0.05
-4.91
-0.7
22.2
14.8
21.6
-16.4
10.1
35.4
26.6
4.2
15
-18.4
67.4
  Change In Payables And Accrued Expense
-0.49
-3.43
1.11
-0.78
0.83
-1.1
-2.2
1.3
-1.5
-3.7
-1
-5.9
-6.5
-4.4
6
1.5
-5.8
  Change In Other Working Capital
12.29
11.45
-6.42
20.86
-8.04
-9.9
31.5
15.5
20.1
-20.4
0.5
37.2
20.2
-5.9
-37.3
-97.7
45.3
Change In Working Capital
11.96
0.64
20.35
11.78
17.74
13.9
15.3
25
8.8
56.1
35.6
24.2
-85.6
49.3
85.5
68.3
80.6
Deferred Tax
2.33
0.09
4.66
4.31
6.81
4.1
1.9
12.2
8.5
15.3
12.4
7.4
15.4
10.3
7.6
6.2
6.9
Stock Based Compensation
--
--
--
--
--
1.4
--
--
--
--
--
--
--
--
--
--
-- Asset Impairment Charge
-0.01
10.73
20.14
46.1
-12.07
10.1
29
24
22
34.8
41.8
90.3
129
56.7
78
564
74.7
Cash Flow from Others
104
86.17
97.75
160
160
201
276
309
326
365
404
507
566
704
812
985
1141
Cash Flow from Operations
-2.86
-1.54
-7.66
-6.34
-2.93
-3.5
-6.3
-8.8
-5.6
-4.3
-4
-5.5
-8.4
-25.1
-26.8
-8.5
-6.9
Purchase Of Property, Plant, Equipment
-3.24
-0.8
-0.55
-1.51
-1.45
-1.1
-0.5
-57.1
-106
-65.4
-34.1
-39.1
-34.5
-43.8
-40.1
-43.2
-36.8
Purchase Of Investment
0.77
0.58
0.9
1.47
1.66
3.4
0.5
11.6
97.8
65.5
38.5
41.7
33.4
31.2
41
37.8
34.9
Sale Of Investment
-44.49
-106
-233
-260
-22.05
-162
-448
-347
-320
-359
-640
-875
-862
-1201
-998
-660
208
Cash From Other Investing Activities
-49.83
-108
-240
-266
-24.76
-163
-454
-401
-334
-363
-640
-878
-872
-1238
-1024
-674
199
Cash Flow from Investing
0.21
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-- Issuance of Stock
--
-247
-9.53
-0.07
-0.54
-202
-131
-153
-135
-344
-86.5
-122
-124
-129
-300
-481
-1094
Repurchase of Stock
622
1508
1889
2225
1659
2767
6133
6757
6638
7647
4871
5458
9419
7208
11062
13552
5181
  Issuance of Debt
-669
-1264
-1749
-2116
-1794
-2589
-5821
-6504
-6496
-7283
-4539
-4922
-8948
-6459
-10335
-13485
-5189
  Payments of Debt
-47.2
244
139
110
-135
178
312
253
142
364
332
536
471
750
727
67.1
-8.7
Net Issuance of Debt
--
25.76
5.1
-0.89
-1.3
-11.7
-2.1
-3.9
-3.6
-20
-10.3
22.5
-17.1
-20.7
-26.1
-19.5
-195
Other Financing
-46.99
22.84
135
109
-137
-35.8
179
96.6
3.1
0.4
235
437
330
600
400
-433
-1298
Cash Flow from Financing
-1.09
0.02
-0.04
0.02
-0.01
-0
--
--
--
--
--
--
--
--
--
--
-- Effect of Exchange Rate Changes
6.48
1.44
-7.82
2.44
-0.98
1.6
0.9
4.3
-4.8
2.2
-0.1
65.6
24.5
65.5
188
-122
41.5
Net Change in Cash
-2.86
-1.54
-7.66
-6.34
-2.93
-3.5
-6.3
-8.8
-5.6
-4.3
-4
-5.5
-8.4
-25.1
-26.8
-8.5
-6.9
Capital Expenditure
102
84.64
90.09
153
157
197
269
300
320
361
400
502
558
679
786
977
1134
Free Cash Flow
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Financial Satement


Balance Sheet

Dec05
Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
7.09
8.53
0.71
3.15
2.17
3.79
4.7
9
4.2
6.4
6.3
14.6
8.2
25.7
187
16
13.3
  Cash And Cash Equivalents
7.09
8.53
0.71
3.15
2.17
3.79
4.7
9
4.2
6.4
6.3
14.6
8.2
25.7
187
16
13.3
Cash, Cash Equivalents, Marketable Securities
564
626
811
1018
1050
1218
1599
1934
2213
2513
3102
3887
4620
5763
6685
6788
6583
  Loans Receivable
4.02
11.73
20.71
--
3.96
12
0.5
1.1
1.1
1.4
10
2.3
2.2
7.9
66.2
147
25
  Other Current Receivables
568
638
831
1018
1054
1230
1599
1935
2214
2514
3112
3889
4622
5771
6751
6935
6608
Total Receivables
13.47
46.5
75.2
82
83.95
67.03
105
126
153
161
170
226
258
305
336
381
431
Other Current Assets
588
693
907
1103
1140
1301
1709
2070
2371
2682
3288
4130
4888
6102
7275
7332
7052
Total Current Assets
--
--
2.58
2.58
2.25
2.25
2.3
2.3
2.3
2.3
2.3
2.5
2.5
2.7
2.7
2.9
--   Land And Improvements
--
--
11.18
11.93
11.79
11.84
12.2
13.4
14
13.9
14.6
14.5
15.6
33.2
54.5
59.3
--   Buildings And Improvements
--
--
37.6
40.85
37.7
36.48
40.1
46
29.6
30.9
32.1
33.4
35.1
41.1
45.2
44.5
--   Machinery, Furniture, Equipment
44.64
45.47
0.34
0.34
0.11
0.11
0.1
0.1
0.7
1.5
1.6
2
2.2
2.2
2.4
2.3
58.3
  Other Gross PPE
44.64
45.47
51.7
55.71
51.85
50.68
54.7
61.8
46.6
48.6
50.6
52.4
55.4
79.2
105
109
58.3
Gross Property, Plant and Equipment
-26.65
-29.26
-31.58
-34.66
-33.12
-34.37
-36.2
-39.6
-24.3
-27.7
-31.7
-34.2
-34.9
-39
-45.1
-49.6
--   Accumulated Depreciation
17.99
16.2
20.12
21.05
18.74
16.31
18.5
22.2
22.3
20.9
18.9
18.2
20.5
40.2
59.7
59.4
58.3
Property, Plant and Equipment
13.29
16.47
14.88
15.23
17.41
26.37
31.6
41.3
40.1
82.4
65.9
70
77
95
88.7
97.4
88.7
Other Long Term Assets
31.28
32.67
35
36.28
36.15
42.68
50.1
63.5
62.4
103
84.8
88.2
97.5
135
148
157
147
Total Long-Term Assets
619
725
942
1139
1176
1344
1759
2133
2433
2785
3373
4218
4986
6237
7423
7489
7199
Total Assets
55.71
78.29
79.83
83.95
77.3
75.3
95.8
106
114
114
128
144
152
186
206
187
251
  Accounts Payable
--
--
--
0.88
--
--
1.5
6.3
19.9
2.9
--
23.6
39.9
2.5
0.2
0.2
0.2
  Total Tax Payable
--
--
--
--
--
--
--
--
--
-0
--
--
--
--
--
0
--   Other Current Payables
55.71
78.29
79.83
84.83
77.3
75.3
97.3
112
134
117
128
168
192
189
207
187
252
Accounts Payable & Accrued Expense
--
--
--
--
--
--
--
4
3.8
--
--
--
--
550
--
1188
72.2
  Short-Term Debt
--
--
--
--
--
--
--
4
3.8
--
--
--
--
550
--
1188
72.2
Short-Term Debt & Capital Lease Obligation
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
-0
-- Other Current Liabilities
55.71
78.29
79.83
84.83
77.3
75.3
97.3
116
138
117
128
168
192
739
207
1375
324
Total Current Liabilities
145
392
532
642
507
686
998
1247
1389
1753
2068
2604
3071
3271
4538
3421
4535
  Long-Term Debt
1.6
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--   Long-Term Capital Lease Obligation
147
392
532
642
507
686
998
1247
1389
1753
2068
2604
3071
3271
4538
3421
4535
Long-Term Debt & Capital Lease Obligation
0.39
1.86
2.01
1.9
1.02
1.45
1.85
2.01
1.86
2.5
2.23
2.22
2
1.92
1.93
2
2.36
Debt-to-Equity
43.76
44.4
64.77
75.06
93.75
108
123
148
157
213
249
273
187
237
323
391
387
NonCurrent Deferred Liabilities
0
-0
-0
-0
0
--
-0
0
0
-0
-0
0
0
-0
0.8
--
0
Other Long-Term Liabilities
191
437
597
717
601
794
1121
1395
1546
1966
2317
2877
3258
3508
4861
3812
4922
Total Long-Term Liabilities
246
515
677
802
678
869
1219
1511
1683
2083
2445
3044
3450
4247
5068
5187
5245
Total Liabilities
0.37
0.3
0.3
0.31
0.31
0.27
0.3
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.1
Common Stock
345
403
264
328
474
645
631
721
822
953
913
1160
1512
1964
2492
2618
1787
Retained Earnings
-0.04
-0.04
0.01
-2.56
-0.9
-0.11
--
-0.1
-0.2
-0.1
-0.1
-0.2
-0.2
-0.3
0.8
1.6
0.7
Accumulated other comprehensive income (loss)
29.75
54.01
10.58
11.9
24.91
32.01
39.2
53.6
63.8
92.7
101
135
147
156
163
164
166
Additional Paid-In Capital
--
-247
-9.53
-0.07
-0.54
-202
-131
-152
-135
-344
-86.5
-122
-124
-129
-300
-481
-- Treasury Stock
-1.57
--
--
-0
--
0
--
--
0
0
--
0
--
-0
0
0
-- Other Stockholders Equity
373
210
265
338
498
474
540
622
750
702
928
1174
1536
1991
2355
2303
1954
Total Stockholders Equity
373
210
265
338
498
474
540
622
750
702
928
1174
1536
1991
2355
2303
1954
Total Equity
0.6
0.29
0.28
0.3
0.42
0.35
0.31
0.29
0.31
0.25
0.28
0.28
0.31
0.32
0.32
0.31
0.27
Equity-to-Asset
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Valuation Ratios



Valuation Ratios

Dec05
Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
8.7
20.08
11.74
6.34
9.11
11.07
11.64
11.85
12.33
11.44
14.99
13.34
13.46
12.99
12.8
14.75
11.96
PE Ratio
9.25
19.96
12.02
6.34
9.11
11.07
11.64
11.85
12.33
11.44
14.99
13.34
13.46
12.99
12.8
14.75
11.96
PE Ratio without NRI
6.43
14.79
9.19
4.07
8.45
9.79
9.13
9.59
10.69
9.24
13.08
10.96
15.23
11.98
11.78
15.35
9.82
Price-to-Owner-Earnings
1.6
4.78
2.35
1.24
2.63
3.61
3.9
3.94
3.98
4
4.64
3.68
4.07
3.64
3.45
2.57
4.89
PB Ratio
1.6
4.78
2.35
1.24
2.63
3.61
3.9
3.94
3.98
4
4.64
3.68
4.07
3.64
3.45
2.57
4.89
Price-to-Tangible-Book
6.22
13.89
7.15
2.78
8.47
9.54
8.12
8.68
9.75
8.44
11.22
8.85
11.35
10.98
10.69
6.36
9.62
Price-to-Free-Cash-Flow
6.05
13.65
6.59
2.67
8.31
9.38
7.94
8.43
9.58
8.34
11.11
8.75
11.18
10.59
10.33
6.3
9.56
Price-to-Operating-Cash-Flow
3.17
5.44
2.73
1.38
3.52
4.27
4.18
4.28
4.6
4.22
5.45
4.59
5.7
5.8
5.64
3.72
5.94
PS Ratio
--
--
--
0.41
0.45
0.36
0.27
0.3
0.42
0.52
0.69
0.66
0.75
1.12
0.84
1.76
1.12
PEG Ratio
3.69
6.43
4.91
3.42
4.8
5.44
5.93
6.07
6.44
6.31
7.73
7.15
8.39
8.59
8.38
6.3
7.63
EV-to-Revenue
6.71
15.08
13.94
9.31
7.68
9.11
10.18
10.42
10.71
10.03
13.08
12.7
15.53
14.26
14.18
18.13
11.52
EV-to-EBITDA
7.04
15.88
14.66
10.17
8.01
9.51
10.53
10.79
11.06
10.33
13.47
13.07
15.96
14.63
14.56
18.91
11.77
EV-to-EBIT
14.2
6.3
6.82
9.83
12.48
10.52
9.5
9.27
9.04
9.68
7.42
7.65
6.27
6.84
6.87
5.29
8.5
Earnings Yield (Joel Greenblatt) %
31.05
23.82
9.45
36.3
28.31
26.81
26.97
27.32
27.07
28.23
26.42
27.67
24.26
17.96
21.86
18.75
22.05
Forward Rate of Return (Yacktman) %
21.49
40.6
20.13
11.71
24.74
28.1
28
27.02
27.1
23.32
30.16
25.05
29.2
27.31
25.68
18.07
26.94
Shiller PE Ratio

Valuation and Quality

Dec05
Dec06
Dec07
Dec08
Dec09
Dec10
Dec11
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
TTM Fiscal Period
596
1006
625
420
1312
1714
2108
2452
2982
2810
4309
4324
6246
7243
8118
5916
9431
Market Cap
736
1390
1156
1059
1817
2396
3102
3694
4371
4556
6370
6913
9309
11038
12469
10509
14024
Enterprise Value
16.1
33.33
20.67
13.7
42.1
62.77
82.28
102
130
136
214
218
323
382
442
346
649
Month End Stock Price
-6.46
-16.78
-22.35
-26.04
-21.69
-31.69
-47.37
-62.3
-73.19
-101
-121
-152
-178
-222
-266
-303
-356
Net Cash per Share
9.23
5.89
7.62
9.83
14.83
15.81
19.12
23.16
29.97
29.08
41.89
54.61
74.48
97.81
120
126
123
Net Current Asset Value
-6.46
-16.78
-22.35
-26.04
-21.69
-31.69
-47.37
-62.3
-73.19
-101
-121
-152
-178
-222
-266
-303
-356
Net-Net Working Capital
24.13
33.08
41.24
52.57
61.42
81.24
103
131
167
214
247
303
367
432
523
636
797
Intrinsic Value: Projected FCF
16.45
19.86
24.4
31.44
38.4
49.6
73.03
96.62
121
138
174
207
254
303
374
451
530
Median PS Value
--
--
--
33.7
92.88
143
178
216
265
265
313
328
435
342
530
199
831
Peter Lynch Fair Value
19.86
16.18
18.43
23.14
40.77
47.08
57.9
70.56
88.05
95.62
122
147
207
263
316
267
402
Graham Number
8.66
5.51
1.71
1.69
11.28
13.39
13.44
20.7
35.25
36.89
35.65
28.06
35.74
21.48
32.8
43.68
118
Earnings Power Value (EPV)
4.16
3.68
2.61
2.46
3.84
3.99
3.57
3.36
3.46
3.15
3.27
3.01
3.25
3.1
3.15
2.59
3.35
Altman Z-Score
7
5
5
7
8
8
7
6
6
6
5
5
7
6
5
6
8
Piotroski F-Score
-2.82
-2.95
-2.31
-2.73
-2.27
-2.36
-2.59
-2.52
-2.59
-2.26
-2.63
-2.59
-2.46
-2.39
-2.46
-2.7
-2.53
Beneish M-Score
0.87
0.96
1.1
1.04
0.88
0.98
1.14
1.06
1
1.01
1.07
1.12
1.09
1.16
1.08
0.93
0.84
Scaled Net Operating Assets
2.91
11.04
20.98
15.22
0.91
9.88
20.83
14.63
10.73
9.49
15.86
16.69
15.56
17.77
11.69
1.46
-6
Sloan Ratio %
10.56
8.85
11.36
13
14.75
17.28
17.56
17.83
17.24
22.87
25.73
24.66
25.51
8.26
35.21
5.33
21.79
Current Ratio
10.56
8.85
11.36
13
14.75
17.28
17.56
17.83
17.24
22.87
25.73
24.66
25.51
8.26
35.21
5.33
21.79
Quick Ratio
0.13
0.11
0.01
0.04
0.03
0.05
0.05
0.08
0.03
0.05
0.05
0.09
0.04
0.03
0.91
0.01
0.04
Cash Ratio
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A Interest Coverage
25.72
34.32
33.03
30.21
43.69
63.39
92.14
107
131
162
273
219
335
465
501
524
703
Highest Stock Price
12.51
16
16.48
11.67
14.48
39
54.05
78.47
96.75
113
133
163
185
305
389
216
320
Lowest Stock Price
-0.35
18.49
-0.2
-1.41
-1.6
12.37
6.15
5.89
4.86
10.22
2.26
1.27
2.85
1.75
3.27
6.87
16.61
Shares Buyback Ratio %
-0.04
24.57
1.52
0.02
0.04
11.8
6.2
6.22
4.53
12.23
2.01
2.81
1.98
1.78
3.7
8.13
11.6
Buyback Yield %
26.61
20.61
23.42
31.47
20.21
22.92
33.93
20.81
18.96
14.34
21.41
20.68
19.73
15.99
19.18
18.62
23.66
YoY Rev. per Sh. Growth
32.14
-10.27
6.02
22.73
114
22.73
24.69
21.36
22.84
13.09
19.8
14.22
47.39
22.25
17.63
-32.11
136
YoY EPS Growth
38.31
-6.68
2.03
37.24
104
17.39
30.6
20.97
22.73
19.69
14.07
14.87
14.98
29.23
16.92
-30.25
128
YoY EBITDA Growth
--
--
--
15.6
20.06
30.93
43.8
39.91
29.5
22.03
21.83
20.07
18.06
11.6
15.28
8.37
10.7
5-Year EBITDA Growth Rate
36.99
33.04
30.05
30.25
30.59
29.39
26.3
25.41
23.85
22.26
20.89
20.33
19.5
19.45
18.9
17.86
15.8
Shares Outstanding (Basic Average)
37.03
30.18
30.24
30.67
31.16
27.3
25.62
24.11
22.94
20.6
20.13
19.88
19.31
18.97
18.35
17.09
14.54
Shares Outstanding (EOP)
2.74
1.01
0.6
1.16
0.67
0.46
0.08
0.47
1.19
1.14
0.6
0.48
0.35
0.71
0.8
1.3
1.27
Beta
03/10/06
03/02/07
03/14/08
02/27/09
03/03/10
02/24/11
02/24/12
02/20/13
02/14/14
02/12/15
02/12/16
02/10/17
02/09/18
02/08/19
02/11/20
02/12/21
  Filing Date
03/14/08
02/27/09
03/03/10
02/24/11
02/24/12
02/20/13
02/14/14
02/12/15
02/12/16
02/10/17
02/09/18
02/08/19
02/11/20
02/12/21
02/12/21
02/12/21
  Restated Filing Date
02/04/10
02/02/12
01/31/13
01/30/14
01/29/15
02/01/16
01/31/17
01/30/18
01/30/19
01/30/20
02/01/21
  Earnings Release Date
--
--
1574
1100
1600
138
132
137
155
163
176
182
193
223
255
110
110
Number of Shareholders
777
777
971
1048
911
862
1037
1264
1317
1303
1425
1609
1817
2040
2016
2033
2033
Number of Employees
* All financial numbers are in millions except for per share data, ratios and percentage change.
GuruFocus Manual of Stocks™  |  Dec 06, 2021
Credit Acceptance Corp (NAS:CACC)
www.gurufocus.com/stock/NAS:CACC

Explanation

1. Predictability Rank

GuruFocus Predictability Rank is a proprietary ranking of the consistency of a business. We rank the predictability of companies based on the consistency of their revenue per share and EBITDA (earnings before interest, tax, depreciation and amortization) per share over the past 10 fiscal years. Our study found that there is a strong correlation between the stock performance and the predictability of a business. Over the long term, companies with higher predictability also have better stock performance.

The rank is from 1-star to 5-star, with 5-star as the best.

2. Financial Strength

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

  1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
  2. Debt to revenue ratio. The lower, the better.
  3. Altman Z-Score.

The rank is from 1 to 10, with 10 as the highest.

A Financial Strength rank of 8 or above indicates good financial strength; between 4-7 indicates fair financial strength; 3 or below means poor financial strength.

3. Profitability Rank

GuruFocus Profitability Rank indicates how profitable a company is and how likely it is that the company's business will stay that way. It is based on these factors:

  1. Operating Margin %.
  2. Piotroski F-Score.
  3. Trend of the Operating Margin percentage (five-year average). A company with an uptrend in profit margin will have a higher rank.
  4. Consistency of the profitability.
  5. Predictability Rank.

The rank is from 1 to 10, with 10 as the highest.

A Profitability Rank of 8 or above indicates good profitability; between 4-7 indicates fair profitability; 3 or below means poor profitability.

4. Peter Lynch Chart

In Peter Lynch's excellent book, "One Up on Wall Street," he used many charts to illustrate the valuation of stocks. “A quick way to tell if a stock is overpriced is to compare the price line to the earnings line. If you bought familiar growth companies – such as Shoney’s, The Limited, or Marriott – when the stock price fell well below the earnings line, and sold them when the stock price rose dramatically above it, the chances are you’d do pretty well.”

The original Peter Lynch Chart does have limitations due to the right side price scale is pre-set at 15 times the earnings scale on the left side. When the stock price and earnings line coincide, the price-to-earnings ratio is always 15 times. Instead of using the fixed PE Ratio of 15, our approach is using 15-year historical median PE without NRI Ratio for each stock.

The Peter Lynch Chart with earnings line at median PE without NRI ratio works well for the companies with steady growth and earnings trends, or the stalwarts, as coined by Lynch. These companies tend to be found in sectors such as consumer staples, healthcare, and utilities, where the consumption of the product or service is relatively independent of economic conditions. It does not work well with the sectors that are cyclical: industrials, chemicals, durable goods, and so forth.

5. GF Value

Based on the relationship between the current stock price and the GF Value, GuruFocus provides the following 6 evaluations:

  1. Possible Value Trap, Think Twice
  2. Significantly Overvalued
  3. Modestly Overvalued
  4. Fairly Valued
  5. Modestly Undervalued
  6. Significantly Undervalued
There is only a sufficient margin of safety when the stock is undervalued.

Disclaimer

GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.