Encore Capital Group Inc (OQ:ECPG)
Business Focus: Corporate Financial Services
| Sector: Financials | Industry: Corporate Financial Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Suite 1300, 3111 Camino Del Rio North SAN DIEGO CA 92108 |
| Tel: | 1-858-3096442 |
| Website: | https://www.encorecapital.com |
| IR: | See website |
| Key People | ||
| Ashish Masih President, Chief Executive Officer, Director | Jonathan C. Clark Chief Financial Officer, Executive Vice President, Treasurer | Ryan B. Bell President - Midland Credit Management |
| John Yung President - International and Cabot Credit Management | Steve Carmichael Senior Vice President, Chief Risk and Compliance Officer | Andrew Asch Senior Vice President, General Counsel, Company Secretary |
| Business Overview |
| Encore Capital Group, Inc. is an international specialty finance company. The Company provides debt recovery solutions and other related services for consumers across a range of financial assets. Through its subsidiaries, the Company purchases portfolios of consumer receivables from banks, credit unions, and utility providers. It primarily purchases portfolios of defaulted consumer receivables at deep discounts to face value and manage them by working with individuals as they repay their obligations and work toward financial recovery. The Company also provide debt servicing and other portfolio management services to credit originators for non-performing loans in Europe. The Company's debt servicing operations include early-stage collections, business process outsourcing and contingent collections for credit originators. The Company mainly provides debt servicing for consumer accounts, but also provides services for business-to-business accounts. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Encore Capital Group Inc revenues remained flat at $1.31B. Net loss totaled $206.5M vs. income of $194.6M. Revenues reflect United Kingdom segment increase of 8% to $295.6M, Other European countries segment increase of 4% to $134.3M, also reflect United States segment decrease of 20% to $792.4M. Net loss reflects Changes in expected current and future r increase from $93.1M (income) to $82.5M (expense). |
| Employees: | 7,400 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,140M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,305M as of Dec 31, 2023 |
| EBITDA (TTM): | $405.13M as of Dec 31, 2023 |
| Net annual income (TTM): | -$206.49M as of Dec 31, 2023 |
| Free cash flow (TTM): | $128.18M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,160M as of Dec 31, 2023 |
| Shares outstanding: | 23,545,102 as of Feb 15, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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