Encore Capital Group Inc (OQ:ECPG)

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
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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: $4,168M 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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