LendingClub: Hidden Value [Seeking Alpha]
LendingClub Corporation (LC)
Last lendingclub corporation earnings: 2/18 04:06 pm
Check Earnings Report
US:NYSE Investor Relations:
ir.lendingclub.com
Company Research
Source: Seeking Alpha
Summary LendingClub trades near the yearly lows despite generating substantial EBITDA improvements. The company has moved 48% of the direct and indirect workforce outside of San Francisco to substantially reduce costs. The stock trades at ~3x EV/EBITDA estimates for 2019. LC investment thesis Cost Reductions My biggest frustration with the fintech is that the leadership isn't very dynamic. The company hasn't driven the platform to its ultimate potential and visibility in the marketplace. While not fully satisfied with the 10%+ revenue growth rate of the online lending platform, the management team has made some very wise decisions regarding costs. As investors look at these key metrics from Q3, one can see the impressive improvements of EBITDA growring 43% YoY to $40.0 million on only 11% revenue growth. In addition, LendingClub improved the bottom line by an incredible $15.3 million. Nearly all of the additional $20.3 million in revenues fell to the bottom line while the company has
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LC
News
- Passive Income: How To Multiply Your Money With Minimal Effort [Forbes]Forbes
- LendingClub First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- 10 Best Ways To Make Passive Income in the Summer of 2024 [Yahoo! Finance]Yahoo! Finance
- How To Generate Passive Income With Just $1,000 [Yahoo! Finance]Yahoo! Finance
- Why LendingClub Stock Popped Today [Yahoo! Finance]Yahoo! Finance
LC
Earnings
- 4/30/24 - Beat
LC
Sec Filings
- 5/10/24 - Form 4
- 5/2/24 - Form DEFA14A
- 5/1/24 - Form 10-Q
- LC's page on the SEC website