ATLC - Atlanticus Holdings: Our Projections And Valuation Indicate Additional Upside Potential

• Despite the recent increase in the share price of Atlanticus Holdings, we believe that the market continues to undervalue the company.
• Part of the reason for this discount, in our opinion, is the lack of visibility on the company’s future earnings and cash flows.
• We have not seen any guidance from Atlanticus Holdings’ management or any estimates from sell-side analysts.
• As such, we are sharing our internal estimates for the company’s balance sheets, income statements, and cash flow statements for 4Q20, 2021, and 2022.
• While Atlanticus Holdings’ future results are likely to be materially different than our projections, our hope is that this information will help establish a framework to better understand its prospects.

For further details see: