Stock fact sheet · data as of
Atlanticus Holdings Corporation (ATLC): fair value, margin of safety and Wheel Score
Ticker symbol ATLC · Financial Services · Financial - Credit Services · United States · Blend
Is ATLC undervalued?
ATLC has a margin of safety of 80%: the stock closed at 99.75 on 5 Nov 2026 against a GLS average fair value of 502.10. 8 of the 8 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 8 models disagree widely: Graham Number gives 106.01 while 10 Cap gives 1,304.99. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for ATLC, so the nightly engine files it under Blend (value score 69, growth score 80, out of 100).
Nine valuation models for ATLC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 203.58 | +104% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 106.01 | +6% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 582.46 | +484% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 254.57 | +155% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 509.54 | +411% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1,304.99 | +1208% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 942.55 | +845% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 113.14 | +13% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -412.12 | -513% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 136.40 | +37% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health ATLC scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is 7.0 out of 10: a record that is solid on some of the four parts the score weighs (returns on capital, pricing power, lasting growth, balance sheet) and weaker on others.
Returns on capital are thin or negative - ROIC 1.7%, ROE 20.1%, ROA 1.6% - with debt at 10.75 times equity and a free-cash-flow yield of 61.9%. Debt of 10.75 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
Atlanticus Holdings Corporation pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Other Revenue 55%, Merchant Fees 45% (quarter Q1 FY2026).
Institutional ownership scores 4/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 1.7% |
|---|---|---|---|
| GLS Moat | 7.0 / 10 | ROE | 20.1% |
| Debt / equity | 10.75 | ROA | 1.6% |
| Free-cash-flow yield | 61.9% | Payout ratio | 6% |
| Institutions | 4 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 34: No options
ATLC has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (34 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 138k shares a day on a market cap of $1.5B, with a beta of 1.81 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 80% below fair value | |
| Premium | Weak | no option data | |
| Moat | Good | moat 7.0/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Weak | beta 1.81, $1.5B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Atlanticus Holdings Corporation reports earnings on 5 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Financial - Credit Services
The 12 companies below are the closest to Atlanticus Holdings Corporation by market cap within the Financial - Credit Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| ATLCL Atlanticus Holdings Corporation 6.125% Senior Notes due 2026 | 25.02 | 275.65 | +91% | 26No options | $1.5B |
| ATLCZ Atlanticus Holdings Corporation 9.25% Senior Notes due 2029 | 25.22 | 271.56 | +91% | 28No options | $1.5B |
| PRG PROG Holdings, Inc. | 39.89 | 140.44 | +72% | 48Weak | $1.6B |
| EZPW EZCORP, Inc. | 29.52 | 64.16 | +54% | 51Fair | $1.7B |
| ATLCP Atlanticus Holdings Corporation | 20.88 | 258.14 | +92% | 34No options | $1.3B |
| AGM Federal Agricultural Mortgage | 205.58 | 332.98 | +38% | 80Good | $1.9B |
| JCAP Jefferson Capital, Inc. Common Stock | 20.64 | 75.43 | +73% | 49Weak | $1.2B |
| TRNI Trinity Capital Inc. | 25.15 | 75.63 | +67% | 26No options | $1.1B |
| WU The Western Union Company | 6.59 | 20.66 | +68% | 53Fair | $2.1B |
| ECPG Encore Capital Group, Inc. | 99.93 | 169.79 | +41% | 50Fair | $2.1B |
| UPST Upstart Holdings, Inc. | 23.38 | 22.86 | -2% | 29Weak | $2.3B |
| RWAYI Runway Growth Finance Corp. 7.25% Notes due 2031 | 24.81 | 26.78 | +7% | 15No options | $903M |
⚖ Compare ATLC with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about ATLC
Is ATLC undervalued right now?
By the GLS models, yes: at 99.75 the stock is 80% below the average fair value of 502.10 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of ATLC and what does it mean?
ATLC has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for ATLC?
502.10 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Atlanticus Holdings Corporation report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does ATLC have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on ATLC, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.