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DCF valuation

What is Enova International, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Enova International, Inc.'s reported free cash flow gives $2,003.86 per share. The share price was $173.48 on September 25, 2026, 91% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$1.77B
Average free cash flow, last 5 years
$1.14B
Cash
$122.2M
balance sheet of June 30, 2026
Debt
$5.01B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
26,775,000
Revenue growth per year, last 5 years
23.8%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$1,145.85+561%
Base15.0%9.0%2.5%9.0%$2,003.86+1,055%
Bull20.0%11.5%3.0%8.0%$3,601.50+1,976%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$2,653.47$2,856.02$3,103.58$3,413.04$3,810.90
8.0%$2,165.48$2,296.83$2,452.07$2,638.35$2,866.03
9.0%$1,810.42$1,900.23$2,003.86$2,124.76$2,267.64
10.0%$1,541.20$1,605.07$1,677.45$1,760.17$1,855.62
11.0%$1,330.54$1,377.36$1,429.69$1,488.57$1,555.29

Where the presets come from

Base: years 1 to 5 grow at Enova International, Inc.'s revenue growth rate over the last 5 fiscal years (23.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Enova International, Inc. company page