Sectors > Top Reports > Ferratum Memo 260321

Ferratum Memo 260321

Ferratum. How Resilient Is The Credit Limit Product?
PUBLISHED: 26 March 2021
SUBMARKET: Ferratum, Top Reports, Top Reports,


Why Read?

  • Understand how resilient Ferratum’s Credit Limit product is against buy-now-pay-later and single payment loan competition
  • Understand Ferratum’s growth prospects in Mobile Bank / Primeloan and CapitalBox (SME)
  • Understand how Ferratum compares against its nearest multi-country competitors, 4finance and International Personal Finance (IPF), on key metrics, business model and competitive position
  • Understand how well covered Ferratum’s SUNs are in a hypothetical run-off scenario as well as in a base case

What’s New?

  • Financial projections and FCFE DCF valuation
  • Hypothetical run-off SUNs recovery

Questions Answered

  • What would Ferratum’s SUNs recover in a hypothetical run-off and how well covered are they in our base case?
  • What are Ferratum’s shares worth?
  • Which consumer unsecured subprime lender has the most resilient business model?
  • Does Ferratum generate positive “steady state” FCF (adjusting for the effects of customer loan book changes)?
  • How did each of Ferratum, 4finance and IPF trade through COVID and who is best positioned to benefit from an improved competitive environment?

Connect with us