Latest Ratios: P/E Ratio -0.0x · EV/EBITDA 4.7x · ROE -0.6%. (2006–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2461 | $37M | $40M | $21M | $55M | $54M | $45M | $13M | $20M | $32M | $31M |
| Enterprise Value | $153M | $190M | $151M | $112M | $106M | $91M | $74M | $37M | $34M | $36M | $37M |
| P/E Ratio → | -0.00 | — | — | 2.10 | 65.46 | — | — | — | — | — | — |
| P/S Ratio | 0.00 | 0.26 | 0.34 | 0.18 | 0.44 | 0.53 | 0.50 | 0.16 | 0.30 | 0.67 | 1.51 |
| P/B Ratio | 0.00 | 1.11 | 1.37 | 0.67 | 3.38 | 4.84 | 4.49 | 0.41 | 1.00 | 1.65 | 5.07 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.36 | 1.29 | 0.99 | 0.85 | 0.90 | 0.83 | 0.44 | 0.51 | 0.77 | 1.77 |
| EV / EBITDA | 4.72 | 5.86 | 9.10 | — | 10.38 | 1.30 | 0.79 | 0.57 | 0.49 | 0.74 | 19.98 |
| EV / EBIT | 6.71 | 8.33 | 11.04 | — | 10.81 | 14.12 | 14.43 | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 97.6% | 97.6% | 89.3% | 97.0% | 36.9% | 34.6% | 32.2% | 50.4% | 51.6% | 50.8% | 46.5% |
| Operating Margin | 16.3% | 16.3% | 11.7% | -5.6% | 5.9% | 4.5% | 5.7% | -6.1% | -9.2% | -21.7% | -41.1% |
| Net Profit Margin | -0.1% | -0.1% | -3.6% | 12.1% | 2.6% | -0.3% | 0.7% | -11.2% | -12.4% | -25.8% | -42.5% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.6% | -0.6% | -14.0% | 57.8% | 24.0% | -3.2% | 2.7% | -36.0% | -42.3% | -96.3% | -140.7% |
| ROA | -0.1% | -0.1% | -2.8% | 11.7% | 4.3% | -0.6% | 1.1% | -22.9% | -26.4% | -52.6% | -67.7% |
| ROIC | 10.5% | 10.5% | 7.8% | -5.0% | 9.5% | 7.9% | 8.0% | -8.6% | -15.9% | -43.6% | -79.6% |
| ROCE | 13.8% | 13.8% | 9.8% | -6.1% | 11.9% | 9.7% | 15.2% | -30.9% | -34.5% | -52.1% | -79.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.93 | 4.93 | 3.95 | 3.15 | 3.52 | 4.12 | 3.59 | 0.93 | 0.93 | 0.53 | 1.42 |
| Debt / EBITDA | 5.04 | 5.04 | 6.96 | — | 5.55 | 0.65 | 0.38 | 0.46 | 0.27 | 0.21 | 4.79 |
| Net Debt / Equity | — | 4.61 | 3.80 | 2.95 | 3.20 | 3.36 | 2.90 | 0.74 | 0.69 | 0.25 | 0.87 |
| Net Debt / EBITDA | 4.72 | 4.72 | 6.69 | — | 5.05 | 0.53 | 0.31 | 0.36 | 0.20 | 0.10 | 2.94 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.03 | 1.03 | 0.72 | -0.39 | 1.15 | 1.50 | 1.18 | — | — | — | -8.05 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.10 | 7.10 | 9.68 | 8.97 | 6.11 | 3.65 | 6.21 | 1.73 | 1.35 | 5.93 | 6.18 |
| Quick Ratio | 7.10 | 7.10 | 7.28 | 6.39 | 2.86 | 1.14 | 2.09 | 0.49 | 0.42 | 1.78 | 1.74 |
| Cash Ratio | 0.43 | 0.43 | 0.36 | 0.49 | 0.40 | 0.50 | 0.91 | 0.24 | 0.22 | 1.21 | 1.35 |
| Asset Turnover | — | 0.67 | 0.75 | 0.76 | 1.48 | 1.50 | 1.70 | 1.74 | 1.97 | 1.63 | 1.18 |
| Inventory Turnover | — | — | 0.43 | 0.11 | 1.93 | 1.56 | 1.94 | 1.30 | 1.52 | 1.26 | 0.99 |
| Days Sales Outstanding | — | 188.48 | 251.47 | 221.06 | 74.13 | 35.87 | 34.01 | 27.47 | 23.19 | 16.74 | 13.28 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 47.6% | 1.5% | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 100.0% | 1.1% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 100.0% | 1.1% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $22M | $24M | $22M | $23M | $21M | $18M | $18M | $5M | $5M | $5M |
Subprime credit default volatility
According to recent financial disclosures, FlexShopper's gross margins have exhibited extreme volatility, swinging from 58.3% in 2024Q3 to a mere 2.4% in 2024Q4, which suggests that the company's core profitability is highly sensitive to lease-related asset depreciation and the unpredictable nature of subprime credit loss provisions.
The wide variance in gross margins indicates that the company's reported profitability is not yet stabilized, likely due to the accounting treatment of lease assets and the timing of credit loss recognition. Investors should monitor whether these fluctuations represent structural shifts in the cost of goods or merely accounting noise, as the current negative net margin of -5.4% in 2024Q4 suggests the business model is struggling to achieve consistent profitability at its current scale.
Based on reported figures, FlexShopper's ROIC has fluctuated significantly, reaching a peak of 4.3% in 2024Q3 before declining to 2.4% in 2024Q4, which indicates that the company is failing to consistently compound capital in a manner that would justify its current asset-heavy, lease-to-own business model.
The inability to maintain a stable, positive return on invested capital suggests that the company's growth is not creating incremental value for shareholders. This trend warrants further investigation into whether the capital being deployed into new lease assets is being priced appropriately for the underlying credit risk, as the current returns remain well below typical industry benchmarks.
As reported in recent financial statements, FlexShopper's cash conversion cycle remains extended, with DSO figures reaching as high as 266 days in 2024Q2, highlighting a structural inefficiency in collecting lease payments from its subprime customer base compared to more established industry peers.
The prolonged collection period suggests that the company is effectively financing its customers for extended durations, which places a significant strain on its working capital. This inefficiency forces the company to rely on external debt to fund operations, as the cash generated from lease payments is not being recycled quickly enough to support ongoing growth.
According to the latest quarterly data, FlexShopper's debt-to-equity ratio has climbed to 4.93, a level that appears increasingly precarious given the company's inconsistent net income and the inherent volatility of its subprime-focused lease portfolio, as reported in recent regulatory filings.
The high leverage ratio suggests that the company is operating with a thin margin of safety, leaving it vulnerable to any tightening in credit markets or a spike in default rates. Investors should monitor the interest coverage ratio, which has shown signs of deterioration, as it may indicate an increasing difficulty in servicing existing debt obligations.
As noted in financial analysis, the Price-to-Earnings ratio is frequently misapplied to FlexShopper, as the company's persistent net losses and volatile credit loss provisions render traditional earnings-based valuation metrics largely meaningless for assessing the true underlying value of its lease-to-own business model.
Analysts should instead focus on cash-on-cash returns of the lease portfolio or EV/Revenue multiples to better capture the company's growth and asset-generation capabilities. Relying on P/E ratios in this context obscures the reality that the company is currently prioritizing top-line expansion over bottom-line profitability, which is a common trap for fintech-integrated leasing firms.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying FPAY stock.
FlexShopper, Inc.'s current P/E ratio is -0.0x. The historical average is 40.6x.
FlexShopper, Inc.'s current EV/EBITDA is 4.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.1x.
FlexShopper, Inc.'s return on equity (ROE) is -0.6%. The historical average is -23.0%.
Based on historical data, FlexShopper, Inc. is trading at a P/E of -0.0x. Compare with industry peers and growth rates for a complete picture.
FlexShopper, Inc. has 97.6% gross margin and 16.3% operating margin. Operating margin between 10-20% is typical for established companies.
FlexShopper, Inc.'s Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.