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First Acceptance Corp.FF

First Acceptance Corp.

3.71USDD
−0.03−0.80%
At close at Mar 27, 20:11 GMT
USD
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Overview
Financials
News Discussions Technicals Seasonals

FACO fundamentals

Key facts

Market capitalization‪141.54 M‬USD
Dividend yield (indicated)—
Price to earnings Ratio (TTM)5.54
Basic EPS (TTM)0.69USD
Founded1969
Employees (FY)—
CEOKenneth D. Russell
Websiteacceptanceinsurance.com
About

First Acceptance Corp. is a holding company, which engages in the selling, servicing, and underwriting of non-standard personal automobile insurance and related products. The firm markets its services through the Acceptance Insurance, Yale Insurance, and Insurance Plus brands. Its products include bad credit automobile insurance, motorcycle insurance, military motorcycle insurance, roadside assistance, renters insurance, pet insurance, and life insurance. The company was founded in April 1969 and is headquartered in Nashville, TN.

Ownership
‪‪38.15 M‬‬
Closely held shares
‪‪25.30 M‬‬ (66.31%)
Free Float shares
‪‪12.85 M‬‬ (33.69%)
Closely held shares
‪‪25.30 M‬‬ (66.31%)
Free Float shares
‪‪12.85 M‬‬ (33.69%)
Capital structure
Market cap
‪‪141.54 M‬‬
Debt
‪‪45.40 M‬‬
Enterprise value
‪‪186.94 M‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪141.54 M‬‬
Price to earning ratio (P/E)
5.54x
Price to sales ratio (P/S)
0.26x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
5.54x
Price to sales ratio (P/S)
0.26x
Valuation ratios
‪0.00‬
‪0.07‬
‪0.14‬
‪0.21‬
‪0.28‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪0.50‬
‪1.00‬
‪1.50‬
‪2.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪3.5%‬
‪14.5%‬
‪25.5%‬
‪36.5%‬
‪47.5%‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪40.00 M‬‬
‪‪80.00 M‬‬
‪‪120.00 M‬‬
‪‪160.00 M‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
Total operating expenses
Op income
Non-operating income
Pretax income
Taxes & Other
Net income
‪0.00‬
‪‪35.00 M‬‬
‪‪70.00 M‬‬
‪‪105.00 M‬‬
‪‪140.00 M‬‬
Revenue
Total operating expenses
Op income
Expenses & adjustments
Net income
‪0.00‬
‪‪35.00 M‬‬
‪‪70.00 M‬‬
‪‪105.00 M‬‬
‪‪140.00 M‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2024
Automobile Insurance and Related Products
By country
Period: 2024
United States

Dividends

Dividend yield, history and sustainability

Dividend summary
0.00%
Payout ratio (TTM)
Dividend yield TTM
0.00%
Last payment
—
Last ex-date
—
Dividend history
‪0%‬
2020
2021
2022
2023
2024
‪0.00‬
Dividends per share (FY)
Dividend yield (FY) %

Financial health

Financial position and solvency of the company

Insurance reserves, claims and premiums
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪60.00 M‬‬
‪‪120.00 M‬‬
‪‪180.00 M‬‬
‪‪240.00 M‬‬
Insurance reserves
Policy claims
Premium earned
Capital allocation analysis
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪35.00‬
‪70.00‬
‪105.00‬
‪140.00‬
Reserve to total capital
Unearned premium to total capital