Stock fact sheet · data as of
Atlanticus Holdings Corporation 9.25% Senior Notes due 2029 (ATLCZ): fair value, margin of safety and Wheel Score
Financial Services · Financial - Credit Services · United States · High Growth
Is ATLCZ undervalued?
ATLCZ has a margin of safety of 91%: the stock closed at 25.11 on 16 Oct 2026 against a GLS average fair value of 271.22. 8 of the 8 valuation models that produced a number sit above the price. Our screens 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: EPV gives 30.37 while 10 Cap gives 1,256.41. 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.
The nightly engine files ATLCZ under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for ATLCZ
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 | 161.80 | +544% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 106.01 | +322% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 156.36 | +523% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 68.34 | +172% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 137.20 | +446% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1,256.41 | +4904% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 253.27 | +909% | 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 | 30.37 | +21% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -112.53 | -548% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - ATLCZ passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 5.1 out of 10: a ten-year record that is consistent in some of the metrics the score tracks (revenue, earnings, margins, cash flow, returns on capital) and patchy in 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 66.0%. 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 9.25% Senior Notes due 2029 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 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 1.7% |
|---|---|---|---|
| GLS Moat | 5.1 / 10 | ROE | 20.1% |
| Debt / equity | 10.75 | ROA | 1.6% |
| Free-cash-flow yield | 66.0% | Payout ratio | 6% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 39: No options
ATLCZ has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 22k shares a day on a market cap of $1.4B, with a beta of 0.13 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 9 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 91% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 8 / 15 | moat 5.1/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 9 / 20 | 22k shares/day, $1.4B cap, beta 0.13 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 5 Nov 2026 (after the close), 20 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
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 9.25% Senior Notes due 2029 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 | 25.00 | 275.79 | +91% | 39No options | $1.4B |
| ATLCP Atlanticus Holdings Corporation | 22.89 | 263.89 | +91% | 39No options | $1.4B |
| ATLC Atlanticus Holdings Corporation | 93.54 | 497.20 | +81% | 39No options | $1.4B |
| JCAP Jefferson Capital, Inc. Common Stock | 20.74 | 75.70 | +73% | 79Good | $1.2B |
| PRG PROG Holdings, Inc. | 29.82 | 113.07 | +74% | 76Good | $1.2B |
| WU The Western Union Company | 6.05 | 23.53 | +74% | 82Prime | $1.9B |
| AGM Federal Agricultural Mortgage | 206.22 | 325.02 | +37% | 77Good | $1.9B |
| EZPW EZCORP, Inc. | 33.13 | 63.77 | +48% | 81Prime | $1.9B |
| RWAYI Runway Growth Finance Corp. 7.25% Notes due 2031 | 24.68 | 7.84 | -215% | 8No options | $898M |
| NAVI Navient Corporation | 9.56 | 40.08 | +76% | 45Weak | $897M |
| ECPG Encore Capital Group, Inc. | 102.60 | 155.51 | +34% | 76Good | $2.2B |
| UPST Upstart Holdings, Inc. | 22.74 | 21.46 | -6% | 52Fair | $2.2B |
⚖ Compare ATLCZ with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about ATLCZ
Is ATLCZ undervalued right now?
By the GLS models, yes: at 25.11 the stock is 91% below the average fair value of 271.22 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of ATLCZ and what does it mean?
ATLCZ has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for ATLCZ?
271.22 per share as of 16 Oct 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 9.25% Senior Notes due 2029 report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 20 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does ATLCZ have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on ATLCZ, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.