Regional Management Corp. - Understand $rm stock

$RM Market Cap: $328 Million

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Financial Snapshot

Revenue

$575.3M

TTM

Gross Margin

Net Earnings

$23.74M

TTM

Current Assets

$4.745M

Q3 2024

Current Liabilities

$77.66M

Q3 2024

Current Ratio

6.11%

Q3 2024

Total Assets

$1.822B

Q3 2024

Total Liabilities

$1.469B

Q3 2024

Book Value

$352.9M

Q3 2024

Cash

$120.3M

Q3 2024

P/E

13.82

Dec 02, 2024 EST

Free Cash Flow

$258.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$551.4M	$507.2M	$428.4M	$373.9M	$355.7M	$306.7M	$272.5M	$240.5M	$217.3M	$204.7M	$170.6M	$135.7M	$105.3M	$86.80M	$72.80M	$66.70M	$56.60M
YoY Change	8.72%	18.4%	14.56%	5.11%	15.98%	12.57%	13.28%	10.68%	6.15%	19.98%	25.74%	28.82%	21.36%	19.23%	9.15%	17.84%	15.51%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$551.4M	$507.2M	$428.4M	$373.9M	$355.7M	$306.7M	$272.5M	$240.5M	$217.3M	$204.7M	$170.6M	$135.7M	$105.3M	$86.80M	$72.80M	$66.70M	$56.60M
Cost Of Revenue											$0.00	$1.500M	$1.000M	$1.200M	$1.300M	$1.600M	$2.000M
Gross Profit											$170.6M	$134.2M	$104.4M	$85.60M	$71.60M	$65.10M	$54.60M
Gross Profit Margin											99.98%	98.9%	99.11%	98.62%	98.35%	97.6%	96.47%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$197.7M	$237.9M	$158.4M	$186.7M	$165.2M	$148.0M	$138.1M	$125.5M	$122.6M	$103.1M	$75.02M	$44.90M	$34.30M	$33.30M	$29.10M	$27.90M	$23.00M
YoY Change	-16.91%	50.23%	-15.17%	13.01%	11.59%	7.2%	10.05%	2.33%	18.92%	37.44%	67.08%	30.9%	3.0%	14.43%	4.3%	21.3%	9.0%
% of Gross Profit											43.97%	33.46%	32.85%	38.9%	40.64%	42.86%	42.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$14.63M	$12.69M	$11.65M	$13.31M	$10.86M	$8.803M	$7.357M	$6.444M	$3.920M	$3.882M	$3.459M	$2.598M	$1.437M	$1.400M	$1.100M	$1.100M
YoY Change	15.33%	8.89%	-12.44%	22.59%	23.32%	19.65%	14.17%	64.39%	0.98%	12.23%	33.14%	80.79%	2.64%	27.27%	0.0%
% of Gross Profit											2.03%	1.94%	1.38%	1.64%	1.54%	1.69%
Operating Expenses	$463.2M	$237.9M	$300.5M	$186.7M	$165.2M	$148.0M	$138.1M	$125.5M	$122.6M	$103.1M	$75.02M	$83.30M	$58.70M	$50.00M	$48.50M	$45.30M	$36.60M
YoY Change	94.68%	-20.84%	60.99%	13.01%	11.59%	7.2%	10.05%	2.33%	18.92%	37.44%	-9.94%	41.91%	17.4%	3.09%	7.06%	23.77%	19.22%
Operating Profit											$95.58M	$50.90M	$45.70M	$35.60M	$23.10M	$19.80M	$18.00M
YoY Change											87.78%	11.38%	28.37%	54.11%	16.67%	10.0%	-1.64%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	-$67.46M	-$34.22M	$31.35M	$37.85M	$40.13M	$33.46M	$23.91M	$19.92M	$16.22M	$14.95M	$14.14M	$11.61M	$12.34M	-$10.00M	-$8.600M	-$11.10M	-$14.10M
YoY Change	97.13%	-209.17%	-17.18%	-5.66%	19.9%	39.97%	20.0%	22.83%	8.52%	5.68%	21.83%	-5.94%	-223.43%	16.28%	-22.52%	-21.28%	80.77%
% of Operating Profit											14.8%	22.81%	27.01%	-28.09%	-37.23%	-56.06%	-78.33%
Other Income/Expense, Net	$45.44M	$42.10M	$37.15M	$33.77M	$32.20M	$27.61M	$26.31M	$22.76M	$22.02M	$20.30M	$15.44M	$10.64M	$6.573M
YoY Change	7.95%	13.32%	10.01%	4.87%	16.64%	4.95%	15.59%	3.34%	8.46%	31.47%	45.09%	61.94%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$20.78M	$65.32M	$112.5M	$35.93M	$58.99M	$45.90M	$40.26M	$38.95M	$38.14M	$23.94M	$46.25M	$39.31M	$33.33M	$25.60M	$14.30M	$8.800M	$4.000M
YoY Change	-68.18%	-41.92%	213.05%	-39.1%	28.52%	14.02%	3.36%	2.12%	59.32%	-48.24%	17.66%	17.95%	30.2%	79.02%	62.5%	120.0%	-61.9%
Income Tax	$4.825M	$14.10M	$23.79M	$9.198M	$14.26M	$10.56M	$10.29M	$14.92M	$14.77M	$9.137M	$17.46M	$14.56M	$12.29M	$9.200M	$4.500M	$2.300M	$900.0K
% Of Pretax Income	23.22%	21.58%	21.15%	25.6%	24.17%	23.0%	25.57%	38.3%	38.74%	38.17%	37.75%	37.04%	36.87%	35.94%	31.47%	26.14%	22.5%
Net Earnings	$15.96M	$51.22M	$88.69M	$26.73M	$44.73M	$35.35M	$29.96M	$24.03M	$23.37M	$14.80M	$28.79M	$24.75M	$21.04M	$16.40M	$9.900M	$6.500M	$3.100M
YoY Change	-68.85%	-42.24%	231.79%	-40.24%	26.56%	17.96%	24.68%	2.85%	57.85%	-48.59%	16.33%	17.64%	28.29%	65.66%	52.31%	109.68%	-55.71%
Net Earnings / Revenue	2.89%	10.1%	20.7%	7.15%	12.58%	11.52%	11.0%	9.99%	10.75%	7.23%	16.88%	18.24%	19.97%	18.89%	13.6%	9.75%	5.48%
Basic Earnings Per Share	$1.70	$5.51	$8.84	$2.45	$3.92	$3.03	$2.59	$2.03	$1.82	$1.17	$2.29	$2.12	$2.25
Diluted Earnings Per Share	$1.66	$5.30	$8.33	$2.40	$3.80	$2.93	$2.54	$1.99	$1.79	$1.14	$2.23	$2.07	$2.19	$1.691M	$804.9K	$528.5K	$252.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$4.509M	$3.873M	$10.51M	$8.100M	$2.300M	$3.700M	$5.200M	$4.400M	$7.700M	$4.000M	$4.100M	$3.300M	$4.800M	$900.0K	$3.000M
YoY Change	16.42%	-63.14%	29.72%	252.17%	-37.84%	-28.85%	18.18%	-42.86%	92.5%	-2.44%	24.24%	-31.25%	433.33%	-70.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables													$368.2M	$301.0M	$254.0M
Other Receivables													$0.00	$0.00	$0.00
Total Short-Term Assets	$4.509M	$3.873M	$16.14M	$14.50M	$6.200M	$7.000M	$8.200M	$5.600M	$7.700M	$4.900M	$4.100M	$3.300M	$373.0M	$301.9M	$257.0M
YoY Change	16.42%	-76.0%	11.31%	133.87%	-11.43%	-14.63%	46.43%	-27.27%	57.14%	19.51%	24.24%	-99.12%	23.55%	17.47%
Property, Plant & Equipment	$48.09M	$49.05M	$41.66M	$41.60M	$41.70M	$13.90M	$12.30M	$11.70M	$8.900M	$8.900M	$7.100M	$5.100M	$4.400M	$3.100M	$2.800M
YoY Change	-1.95%	17.73%	0.14%	-0.24%	200.0%	13.01%	5.13%	31.46%	0.0%	25.35%	39.22%	15.91%	41.94%	10.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$22.74M	$20.42M	$6.586M								$0.00	$0.00	$0.00	$300.0K	$1.100M
YoY Change	11.38%	209.99%											-100.0%	-72.73%
Other Assets	$137.8M	$141.7M	$157.1M	$77.90M	$54.80M	$46.50M	$16.80M	$8.300M	$12.50M	$4.400M	$3.000M	$2.000M	$1.800M	$5.300M	$8.200M
YoY Change	-2.77%	-9.78%	101.67%	42.15%	17.85%	176.79%	102.41%	-33.6%	184.09%	46.67%	50.0%	11.11%	-66.04%	-35.37%
Total Long-Term Assets	$1.790B	$1.721B	$1.444B	$1.089B	$1.152B	$949.4M	$821.3M	$706.6M	$618.7M	$525.4M	$529.8M	$431.2M	-$68.80M	-$60.50M	-$42.60M
YoY Change	4.0%	19.23%	32.51%	-5.46%	21.37%	15.6%	16.23%	14.21%	17.76%	-0.83%	22.87%	-726.74%	13.72%	42.02%
Total Assets	$1.795B	$1.725B	$1.460B	$1.104B	$1.159B	$956.4M	$829.5M	$712.2M	$626.4M	$530.3M	$533.9M	$434.5M	$304.2M	$241.4M	$214.4M
YoY Change
Accounts Payable	$40.44M	$33.80M	$49.28M	$40.30M	$28.70M	$25.10M	$18.60M	$15.20M	$12.70M	$10.50M	$7.300M	$7.000M	$7.400M	$8.000M	$5.200M
YoY Change	19.67%	-31.43%	22.29%	40.42%	14.34%	34.95%	22.37%	19.69%	20.95%	43.84%	4.29%	-5.41%	-7.5%	53.85%
Accrued Expenses	$36.58M	$36.71M	$30.70M	$29.20M	$28.50M
YoY Change	-0.37%	19.58%	5.14%	2.46%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$400.0K	$200.0K
YoY Change													-100.0%	100.0%
Long-Term Debt Due	$441.3M
YoY Change
Total Short-Term Liabilities	$77.02M	$70.51M	$79.98M	$69.50M	$57.20M	$25.10M	$18.60M	$15.20M	$12.70M	$10.50M	$7.300M	$7.000M	$7.400M	$8.400M	$5.400M
YoY Change	9.23%	-11.85%	15.08%	21.5%	127.89%	34.95%	22.37%	19.69%	20.95%	43.84%	4.29%	-5.41%	-11.9%	55.56%
Long-Term Debt	$1.395B	$1.346B	$1.097B	$762.2M	$798.6M	$651.3M	$571.5M	$489.5M	$408.5M	$341.4M	$362.8M	$292.4M	$231.8M	$189.6M	$182.4M
YoY Change	3.67%	22.69%	43.92%	-4.56%	22.62%	13.96%	16.75%	19.83%	19.65%	-5.9%	24.08%	26.14%	22.26%	3.95%
Other Long-Term Liabilities							-$5.000M
YoY Change
Total Long-Term Liabilities	$1.395B	$1.346B	$1.097B	$762.2M	$798.6M	$651.3M	$566.5M	$489.5M	$408.5M	$341.4M	$362.8M	$292.4M	$231.8M	$189.6M	$182.4M
YoY Change	3.67%	22.69%	43.92%	-4.56%	22.62%	14.97%	15.73%	19.83%	19.65%	-5.9%	24.08%	26.14%	22.26%	3.95%
Total Liabilities	$1.472B	$1.416B	$1.177B	$831.7M	$855.8M	$677.2M	$590.1M	$504.7M	$421.1M	$351.9M	$372.7M	$305.3M	$239.3M	$197.9M	$187.8M
YoY Change	3.95%	20.34%	41.51%	-2.82%	26.37%	14.76%	16.92%	19.85%	19.66%	-5.58%	22.08%	27.58%	20.92%	5.38%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	9.398M	9.296M	10.03M	10.93M	11.40M	11.66M	11.55M	11.82M shares	12.85M shares	12.70M shares	12.57M shares	11.69M shares	9.337M shares
Diluted Shares Outstanding	9.593M	9.656M	10.64M	11.15M	11.77M	12.08M	11.78M	12.09M shares	13.07M shares	12.95M shares	12.89M shares	11.98M shares	9.621M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $327.97 Million

About Regional Management Corp.

Regional Management Corp. engages in the provision of consumer financial services. The company is headquartered in Greer, South Carolina and currently employs 2,081 full-time employees. The company went IPO on 2012-03-28. The firm provides installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Its products include small and large installment loans. The company provides its customers optional payment and collateral protection insurance. The company offers small installment loans with cash proceeds to customers ranging from $500 to $2,500, with terms of up to 48 months. The company offers large installment loans with cash proceeds to customers ranging from $2,501 to $25,000, with terms between 18 and 60 months. The company offers its customers optional payment and collateral protection insurance relating to its loan products, including credit life insurance, accident and health insurance, involuntary unemployment insurance, and personal property insurance. The firm also offers indirect retail installment loans of up to $7,500. The company operates under the name Regional Finance.

Industry: Personal Credit Institutions Peers: AMERICAN EXPRESS CO Atlanticus Holdings Corp CONSUMER PORTFOLIO SERVICES, INC. CURO Group Holdings Corp. EZCORP INC OppFi Inc. MONEYLION INC. LendingTree, Inc. Sunlight Financial Holdings Inc. WORLD ACCEPTANCE CORP