Intrinsic value of PRA Group - PRAA

Previous Close

$36.50

  Intrinsic Value

premium content

  Rating & Target

premium content

  Value-price divergence*

premium content

Previous close

$36.50

 
Intrinsic value premium content
 
Up/down potential premium content
 
Rating premium content
 
Value-price divergence* premium content

Premium access subscription - $499/yr

please register and log in before paying

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of PRAA stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -11.78
  6.90
  6.71
  6.54
  6.39
  6.25
  6.12
  6.01
  5.91
  5.82
  5.74
  5.66
  5.60
  5.54
  5.48
  5.43
  5.39
  5.35
  5.32
  5.29
  5.26
  5.23
  5.21
  5.19
  5.17
  5.15
  5.14
  5.12
  5.11
  5.10
  5.09
Revenue, $m
  831
  1,007
  1,075
  1,145
  1,218
  1,294
  1,373
  1,456
  1,542
  1,631
  1,725
  1,823
  1,925
  2,031
  2,143
  2,259
  2,381
  2,508
  2,642
  2,781
  2,928
  3,081
  3,241
  3,409
  3,585
  3,770
  3,964
  4,167
  4,380
  4,603
  4,837
Variable operating expenses, $m
 
  612
  650
  689
  730
  772
  816
  862
  911
  961
  1,013
  1,018
  1,075
  1,134
  1,197
  1,262
  1,330
  1,401
  1,475
  1,553
  1,635
  1,720
  1,810
  1,904
  2,002
  2,105
  2,214
  2,327
  2,446
  2,571
  2,701
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  618
  612
  650
  689
  730
  772
  816
  862
  911
  961
  1,013
  1,018
  1,075
  1,134
  1,197
  1,262
  1,330
  1,401
  1,475
  1,553
  1,635
  1,720
  1,810
  1,904
  2,002
  2,105
  2,214
  2,327
  2,446
  2,571
  2,701
Operating income, $m
  212
  395
  425
  456
  488
  522
  557
  593
  631
  671
  712
  805
  850
  897
  946
  998
  1,051
  1,108
  1,166
  1,228
  1,293
  1,360
  1,431
  1,505
  1,583
  1,665
  1,750
  1,840
  1,934
  2,033
  2,136
EBITDA, $m
  236
  447
  477
  508
  541
  574
  610
  646
  684
  724
  766
  809
  854
  902
  951
  1,003
  1,057
  1,114
  1,173
  1,235
  1,300
  1,368
  1,439
  1,514
  1,592
  1,674
  1,760
  1,850
  1,944
  2,044
  2,148
Interest expense (income), $m
  68
  62
  67
  72
  78
  84
  90
  97
  103
  110
  118
  125
  133
  141
  150
  159
  169
  179
  189
  200
  211
  223
  235
  248
  262
  276
  291
  307
  324
  341
  359
Earnings before tax, $m
  134
  333
  358
  384
  410
  438
  467
  497
  528
  561
  595
  680
  717
  755
  796
  838
  883
  929
  978
  1,028
  1,082
  1,137
  1,196
  1,257
  1,321
  1,388
  1,459
  1,533
  1,610
  1,692
  1,777
Tax expense, $m
  43
  90
  97
  104
  111
  118
  126
  134
  143
  151
  161
  183
  194
  204
  215
  226
  238
  251
  264
  278
  292
  307
  323
  339
  357
  375
  394
  414
  435
  457
  480
Net income, $m
  85
  243
  261
  280
  299
  320
  341
  363
  385
  409
  434
  496
  523
  551
  581
  612
  644
  678
  714
  751
  790
  830
  873
  918
  964
  1,013
  1,065
  1,119
  1,175
  1,235
  1,297

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  94
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,164
  3,118
  3,327
  3,544
  3,771
  4,006
  4,251
  4,507
  4,773
  5,051
  5,341
  5,643
  5,959
  6,289
  6,634
  6,994
  7,371
  7,766
  8,179
  8,611
  9,064
  9,538
  10,034
  10,555
  11,100
  11,672
  12,272
  12,900
  13,560
  14,251
  14,977
Adjusted assets (=assets-cash), $m
  3,070
  3,118
  3,327
  3,544
  3,771
  4,006
  4,251
  4,507
  4,773
  5,051
  5,341
  5,643
  5,959
  6,289
  6,634
  6,994
  7,371
  7,766
  8,179
  8,611
  9,064
  9,538
  10,034
  10,555
  11,100
  11,672
  12,272
  12,900
  13,560
  14,251
  14,977
Revenue / Adjusted assets
  0.271
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
Average production assets, $m
  68
  69
  74
  79
  84
  89
  95
  100
  106
  113
  119
  126
  133
  140
  148
  156
  164
  173
  182
  192
  202
  213
  224
  235
  247
  260
  274
  288
  302
  318
  334
Working capital, $m
  0
  -76
  -81
  -86
  -91
  -97
  -103
  -109
  -116
  -122
  -129
  -137
  -144
  -152
  -161
  -169
  -179
  -188
  -198
  -209
  -220
  -231
  -243
  -256
  -269
  -283
  -297
  -313
  -328
  -345
  -363
Total debt, $m
  1,869
  1,911
  2,068
  2,231
  2,401
  2,578
  2,762
  2,953
  3,153
  3,361
  3,579
  3,805
  4,042
  4,290
  4,548
  4,819
  5,101
  5,397
  5,707
  6,031
  6,371
  6,726
  7,099
  7,489
  7,898
  8,327
  8,777
  9,248
  9,743
  10,261
  10,805
Total liabilities, $m
  2,300
  2,338
  2,495
  2,658
  2,828
  3,005
  3,189
  3,380
  3,580
  3,788
  4,006
  4,232
  4,469
  4,717
  4,975
  5,246
  5,528
  5,824
  6,134
  6,458
  6,798
  7,153
  7,526
  7,916
  8,325
  8,754
  9,204
  9,675
  10,170
  10,688
  11,232
Total equity, $m
  864
  779
  832
  886
  943
  1,002
  1,063
  1,127
  1,193
  1,263
  1,335
  1,411
  1,490
  1,572
  1,658
  1,749
  1,843
  1,941
  2,045
  2,153
  2,266
  2,384
  2,509
  2,639
  2,775
  2,918
  3,068
  3,225
  3,390
  3,563
  3,744
Total liabilities and equity, $m
  3,164
  3,117
  3,327
  3,544
  3,771
  4,007
  4,252
  4,507
  4,773
  5,051
  5,341
  5,643
  5,959
  6,289
  6,633
  6,995
  7,371
  7,765
  8,179
  8,611
  9,064
  9,537
  10,035
  10,555
  11,100
  11,672
  12,272
  12,900
  13,560
  14,251
  14,976
Debt-to-equity ratio
  2.163
  2.450
  2.490
  2.520
  2.550
  2.570
  2.600
  2.620
  2.640
  2.660
  2.680
  2.700
  2.710
  2.730
  2.740
  2.760
  2.770
  2.780
  2.790
  2.800
  2.810
  2.820
  2.830
  2.840
  2.850
  2.850
  2.860
  2.870
  2.870
  2.880
  2.890
Adjusted equity ratio
  0.251
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250
  0.250

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  85
  243
  261
  280
  299
  320
  341
  363
  385
  409
  434
  496
  523
  551
  581
  612
  644
  678
  714
  751
  790
  830
  873
  918
  964
  1,013
  1,065
  1,119
  1,175
  1,235
  1,297
Depreciation, amort., depletion, $m
  24
  52
  52
  52
  52
  53
  53
  53
  53
  53
  54
  4
  5
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  9
  9
  9
  10
  10
  11
  12
Funds from operations, $m
  93
  295
  313
  332
  352
  372
  393
  416
  439
  463
  488
  500
  528
  556
  586
  617
  650
  684
  720
  757
  797
  838
  881
  926
  973
  1,022
  1,074
  1,129
  1,186
  1,246
  1,309
Change in working capital, $m
  -10
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -14
  -15
  -15
  -16
  -17
  -18
Cash from operations, $m
  103
  305
  319
  338
  357
  378
  399
  422
  445
  469
  495
  508
  535
  564
  595
  626
  659
  694
  730
  768
  808
  849
  893
  938
  986
  1,036
  1,089
  1,144
  1,202
  1,263
  1,326
Maintenance CAPEX, $m
  0
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -11
New CAPEX, $m
  -14
  -4
  -5
  -5
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -15
  -15
  -16
Cash from investing activities, $m
  -217
  -6
  -7
  -8
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
  -13
  -13
  -13
  -15
  -15
  -16
  -17
  -18
  -18
  -20
  -20
  -22
  -22
  -23
  -25
  -25
  -27
Free cash flow, $m
  -114
  298
  311
  330
  350
  370
  391
  413
  436
  459
  484
  497
  524
  552
  582
  613
  645
  679
  715
  752
  791
  832
  874
  919
  966
  1,015
  1,067
  1,121
  1,177
  1,237
  1,299
Issuance/(repayment) of debt, $m
  98
  147
  157
  163
  170
  177
  184
  192
  200
  208
  217
  227
  237
  247
  259
  270
  283
  296
  310
  324
  339
  356
  373
  390
  409
  429
  450
  471
  494
  519
  544
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  97
  147
  157
  163
  170
  177
  184
  192
  200
  208
  217
  227
  237
  247
  259
  270
  283
  296
  310
  324
  339
  356
  373
  390
  409
  429
  450
  471
  494
  519
  544
Total cash flow (excl. dividends), $m
  23
  446
  468
  493
  519
  546
  575
  604
  635
  668
  702
  724
  761
  800
  841
  883
  928
  975
  1,024
  1,076
  1,130
  1,187
  1,247
  1,309
  1,375
  1,444
  1,516
  1,592
  1,672
  1,755
  1,843
Retained Cash Flow (-), $m
  -64
  -50
  -52
  -54
  -57
  -59
  -61
  -64
  -67
  -69
  -72
  -76
  -79
  -82
  -86
  -90
  -94
  -99
  -103
  -108
  -113
  -119
  -124
  -130
  -136
  -143
  -150
  -157
  -165
  -173
  -181
Prev. year cash balance distribution, $m
 
  71
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  466
  416
  439
  463
  488
  513
  540
  569
  598
  629
  648
  682
  717
  754
  793
  834
  877
  921
  968
  1,017
  1,069
  1,123
  1,179
  1,239
  1,301
  1,366
  1,435
  1,507
  1,582
  1,662
Discount rate, %
 
  10.30
  10.82
  11.36
  11.92
  12.52
  13.15
  13.80
  14.49
  15.22
  15.98
  16.78
  17.62
  18.50
  19.42
  20.39
  21.41
  22.48
  23.61
  24.79
  26.03
  27.33
  28.70
  30.13
  31.64
  33.22
  34.88
  36.62
  38.45
  40.38
  42.40
PV of cash for distribution, $m
 
  423
  339
  318
  295
  270
  245
  219
  193
  167
  143
  118
  97
  79
  63
  49
  37
  28
  20
  14
  10
  7
  4
  3
  2
  1
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

PRA Group, Inc., a financial and business service company, engages in the purchase, collection, and management of portfolios of nonperforming consumer loans in the Americas and Europe. It is involved in the acquisition, collection, and processing of unpaid and normal-course accounts receivable owed to credit grantors, governments, retailers, and others. The company also acquires receivables of Visa and MasterCard credit cards, private label and other credit cards, installment loans, lines of credit, insolvency accounts, deficiency balances of various types, legal judgments, and trade payables from various receivable owners, including banks, credit unions, consumer finance companies, telecommunication providers, retailers, utilities, auto finance companies, student loan companies, and other debt buyers. In addition, it provides fee-based services comprising contingent collections of defaulted finance receivables; vehicle location, skip tracing, and collateral recovery services for auto lenders, governments, and law enforcement; revenue administration, audit, and discovery/recovery services for government entities; and class action claims recovery and related payment processing services. The company was formerly known as Portfolio Recovery Associates, Inc. and changed its name to PRA Group, Inc. in October 2014. PRA Group, Inc. was founded in 1996 and is headquartered in Norfolk, Virginia.

FINANCIAL RATIOS  of  PRA Group (PRAA)

Valuation Ratios
P/E Ratio 19.9
Price to Sales 2
Price to Book 2
Price to Tangible Book
Price to Cash Flow 16.4
Price to Free Cash Flow 19
Growth Rates
Sales Growth Rate -11.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 0%
Cap. Spend. - 3 Yr. Gr. Rate -2.6%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 216.3%
Total Debt to Equity 216.3%
Interest Coverage 3
Management Effectiveness
Return On Assets 4.3%
Ret/ On Assets - 3 Yr. Avg. 6.7%
Return On Total Capital 3.2%
Ret/ On T. Cap. - 3 Yr. Avg. 6.5%
Return On Equity 10.2%
Return On Equity - 3 Yr. Avg. 16.6%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 87%
Gross Margin - 3 Yr. Avg. 87.6%
EBITDA Margin 27.2%
EBITDA Margin - 3 Yr. Avg. 34%
Operating Margin 25.6%
Oper. Margin - 3 Yr. Avg. 32.5%
Pre-Tax Margin 16.1%
Pre-Tax Margin - 3 Yr. Avg. 25.9%
Net Profit Margin 10.2%
Net Profit Margin - 3 Yr. Avg. 16.1%
Effective Tax Rate 32.1%
Eff/ Tax Rate - 3 Yr. Avg. 36.1%
Payout Ratio 0%

PRAA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PRAA stock intrinsic value calculation we used $942 million for the last fiscal year's total revenue generated by PRA Group. The default revenue input number comes from 2016 income statement of PRA Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our PRAA stock valuation model: a) initial revenue growth rate of 6.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 10.3%, whose default value for PRAA is calculated based on our internal credit rating of PRA Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of PRA Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of PRAA stock the variable cost ratio is equal to 61.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for PRAA stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for PRA Group.

Corporate tax rate of 27% is the nominal tax rate for PRA Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the PRAA stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for PRAA are equal to 6.9%.

Life of production assets of 28.8 years is the average useful life of capital assets used in PRA Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for PRAA is equal to -7.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $800 million for PRA Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 45.063 million for PRA Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of PRA Group at the current share price and the inputted number of shares is $1.6 billion.


Premium access subscription - $499/yr

please register and log in before paying
RELATED COMPANIES Price Int.Val. Rating
DNB Dun&Bradstreet 102.24 prem.  prem.
PFMT Performant Fin 1.80 prem.  prem.
ECPG Encore Capital 40.70 prem.  prem.
ASFI Asta Funding 8.60 prem.  prem.
SLM SLM 10.86 prem.  prem.

COMPANY NEWS

▶ PRA Group Agrees to Settle with IRS   [08:00AM  GlobeNewswire]
▶ ETFs with exposure to PRA Group, Inc. : May 12, 2017   [May-12-17 04:20PM  Capital Cube]
▶ PRA Group Posts a Big Gain on Business Sale   [May-09-17 07:19PM  Motley Fool]
▶ PRA Group misses 1Q profit forecasts   [04:42PM  Associated Press]
▶ PRA Group Reports First Quarter 2017 Results   [04:10PM  GlobeNewswire]
▶ PRA Group Announces $1.2 Billion Credit Facility   [May-08-17 04:05PM  GlobeNewswire]
▶ PRA Group to Announce First Quarter 2017 Results on May 9   [May-02-17 08:30AM  GlobeNewswire]
▶ PRA Group Takes a Huge Charge to Finish 2016   [06:31PM  at Motley Fool]
▶ PRA Group Announces CEO Succession Plan   [04:05PM  GlobeNewswire]
▶ American Red Cross Receives $40,000 Donation From PRA Group   [Jan-19-17 04:00PM  GlobeNewswire]
▶ Hedge Funds Are Betting On Portfolio PRA Group, Inc. (PRAA)   [Dec-12-16 07:56AM  at Insider Monkey]
▶ PRA Group's Sales, Earnings Continue to Fall   [06:43AM  at Motley Fool]
▶ PRA Group Reports Third Quarter 2016 Results   [04:05PM  GlobeNewswire]
▶ Diana Haynes Honored with Top Forty Under 40 Award   [Oct-20-16 09:00AM  GlobeNewswire]
▶ 4 Recession-Proof Stocks   [Oct-17-16 09:37AM  at Motley Fool]
▶ PRA Group, Inc. Collects a Decent Quarter   [Aug-11-16 07:17PM  at Motley Fool]
▶ PRA Group Names AVP Application Development and Support   [Aug-10-16 04:05PM  GlobeNewswire]
▶ Top Pick and Favorite Finance Stocks of BloombergSen   [Aug-02-16 05:53PM  at Insider Monkey]
▶ PRA Group Acquires eGov Systems   [Jul-07-16 09:00AM  GlobeNewswire]
Stock chart of PRAA Financial statements of PRAA Annual reports of PRAA
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.