Using an unlevered Free Cash Flow to Firm (FCFF) model, we project Oportun Financial Corporation's cash flows over 5 years with line-by-line expense modeling. Revenue is projected revenue growing from 48.1% to 2.5% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 10, DPO 48, DIO 60). At a 5.7% WACC with mid-year discounting, the terminal value (92% of enterprise value) is derived from the Gordon Growth Model on Year 6 FCFF at a 4.0% perpetual rate. After subtracting net debt, the equity value implies a fair price of $275.85 per share, suggesting OPRT is undervalued by 5104.8% at the current price of $5.30.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | Terminal | |
|---|---|---|---|---|---|---|
| Profit Before Tax | 15 | 16 | 17 | 18 | 18 | 19 |
| (−) Net Interest | 266 | 278 | 301 | 309 | 316 | 329 |
| (+) D&A | 30 | 34 | 35 | 39 | 47 | 48 |
| EBITDA | 311 | 328 | 353 | 365 | 381 | 396 |
| (−) Tax | 5 | 5 | 6 | 6 | 6 | 6 |
| (−) CapEx | 48 | 50 | 54 | 56 | 57 | 59 |
| (−) ΔWC | 52 | 2 | 3 | 1 | 1 | 1 |
| Free Cash Flow (FCFF) | 206 | 271 | 290 | 303 | 317 | 329 |
| Terminal Value | 19,405 | |||||
| WACC / Discount Rate | 5.7% | |||||
| Long-term Growth Rate | 4.0% | |||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5 |
| Present Value of FCF | 200 | 249 | 252 | 249 | 247 | 14,709 |
| Enterprise Value | 15,907 | |||||
| Projection Period | 1,198 | 7.5% | ||||
| Terminal Value | 14,709 | 92.5% | ||||
| (−) Current Net Debt | 2,705 | |||||
| Equity Value | 13,202 | |||||
| (/) Outstanding Shares | 48 | |||||
| Fair Price | $275.85 | |||||
| WACC \ Terminal Growth Rate | 3.0% | 3.5% | 4.0% | 4.5% | 5.0% |
|---|---|---|---|---|---|
| 3.7% | $793 | $2884 | $85 | $85 | $85 |
| 4.7% | $291 | $426 | $754 | $2747 | $79 |
| 5.7% | $162 | $206 | $276 | $404 | $717 |
| 6.7% | $102 | $124 | $152 | $194 | $261 |
| 7.7% | $68 | $80 | $96 | $116 | $143 |
Current price: $5.30. Green = undervalued, Red = overvalued.
Using an unlevered Free Cash Flow to Firm (FCFF) model, we project Oportun Financial Corporation's cash flows over 10 years with analyst estimates for the first 3–5 years, fading toward long-term GDP growth for the remaining years with line-by-line expense modeling. Revenue is projected revenue growing from 48.1% to 2.9% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 10, DPO 48, DIO 60). At a 5.7% WACC with mid-year discounting, the terminal value (85% of enterprise value) is derived from the Gordon Growth Model on Year 11 FCFF at a 4.0% perpetual rate. After subtracting net debt, the equity value implies a fair price of $264.18 per share, suggesting OPRT is undervalued by 4884.5% at the current price of $5.30.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | Terminal | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit Before Tax | 15 | 16 | 17 | 18 | 18 | 18 | 19 | 19 | 20 | 21 | 21 |
| (−) Net Interest | 266 | 278 | 301 | 309 | 316 | 324 | 333 | 342 | 352 | 362 | 376 |
| (+) D&A | 30 | 34 | 35 | 39 | 47 | 53 | 55 | 57 | 59 | 60 | 63 |
| EBITDA | 311 | 328 | 353 | 365 | 381 | 396 | 407 | 419 | 430 | 443 | 460 |
| (−) Tax | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 |
| (−) CapEx | 48 | 50 | 54 | 56 | 57 | 59 | 60 | 62 | 64 | 65 | 68 |
| (−) ΔWC | 52 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Free Cash Flow (FCFF) | 206 | 271 | 290 | 303 | 317 | 330 | 339 | 349 | 359 | 369 | 384 |
| Terminal Value | 22,620 | ||||||||||
| WACC / Discount Rate | 5.7% | ||||||||||
| Long-term Growth Rate | 4.0% | ||||||||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5.5 | 6.5 | 7.5 | 8.5 | 9.5 | 5 |
| Present Value of FCF | 200 | 249 | 252 | 249 | 247 | 243 | 237 | 230 | 224 | 218 | 12,998 |
| Enterprise Value | 15,349 | ||||||||||
| Projection Period | 2,351 | 15.3% | |||||||||
| Terminal Value | 12,998 | 84.7% | |||||||||
| (−) Current Net Debt | 2,705 | ||||||||||
| Equity Value | 12,643 | ||||||||||
| (/) Outstanding Shares | 48 | ||||||||||
| Fair Price | $264.18 | ||||||||||
| WACC \ Terminal Growth Rate | 3.0% | 3.5% | 4.0% | 4.5% | 5.0% |
|---|---|---|---|---|---|
| 3.7% | $798 | $2831 | $109 | $109 | $109 |
| 4.7% | $294 | $418 | $722 | $2569 | $96 |
| 5.7% | $163 | $202 | $264 | $378 | $654 |
| 6.7% | $104 | $122 | $146 | $181 | $238 |
| 7.7% | $70 | $79 | $92 | $108 | $130 |
Current price: $5.30. Green = undervalued, Red = overvalued.
Using an unlevered Free Cash Flow to Firm (FCFF) model, we project Oportun Financial Corporation's cash flows over 5 years with line-by-line expense modeling. Revenue is projected revenue growing from 48.1% to 2.5% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 10, DPO 48, DIO 60). At a 5.7% WACC with mid-year discounting, the terminal value (71% of enterprise value) is derived by applying the industry peer median EV/EBITDA multiple of 9.9x to Year 6 EBITDA. After subtracting net debt, the equity value implies a fair price of $29.73 per share, suggesting OPRT is undervalued by 460.9% at the current price of $5.30.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | Terminal | |
|---|---|---|---|---|---|---|
| Profit Before Tax | 15 | 16 | 17 | 18 | 18 | 18 |
| (−) Net Interest | 266 | 278 | 301 | 309 | 316 | 324 |
| (+) D&A | 30 | 34 | 35 | 39 | 47 | 48 |
| EBITDA | 311 | 328 | 353 | 365 | 381 | 390 |
| (−) Tax | 5 | 5 | 6 | 6 | 6 | — |
| (−) CapEx | 48 | 50 | 54 | 56 | 57 | — |
| (−) ΔWC | 52 | 2 | 3 | 1 | 1 | — |
| Free Cash Flow (FCF) | 206 | 271 | 290 | 303 | 317 | — |
| Peers' EBITDA Multiple | 9.9x | |||||
| Terminal Value | 3,864 | |||||
| WACC / Discount Rate | 5.70% | |||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5 |
| Present Value of FCF | 200 | 249 | 252 | 249 | 247 | 2,929 |
| Enterprise Value | 4,127 | |||||
| Projection Period | 1,198 | 29.0% | ||||
| Terminal Value | 2,929 | 71.0% | ||||
| (−) Current Net Debt | 2,705 | |||||
| Equity Value | 1,422 | |||||
| (÷) Outstanding Shares | 48M | |||||
| Fair Price | $30 | +460.5% | ||||
| WACC \ EV/EBITDA Exit Multiple | 5.9x | 7.9x | 9.9x | 11.9x | 13.9x |
|---|---|---|---|---|---|
| 3.7% | $10 | $24 | $37 | $51 | $64 |
| 4.7% | $7 | $20 | $33 | $46 | $59 |
| 5.7% | $5 | $17 | $30 | $42 | $54 |
| 6.7% | $3 | $15 | $26 | $38 | $50 |
| 7.7% | $1 | $12 | $23 | $34 | $46 |
Current price: $5.30. Green = undervalued, Red = overvalued.
Based on default parameters
Using an unlevered Free Cash Flow to Firm (FCFF) model, we project Oportun Financial Corporation's cash flows over 10 years with analyst estimates for the first 3–5 years, fading toward long-term GDP growth for the remaining years with line-by-line expense modeling. Revenue is projected revenue growing from 48.1% to 2.9% annually, with expenses (COGS, SG&A, R&D) held at historical ratios. Depreciation is computed from a vintage matrix based on a 5-year useful life. Working capital is modeled using historical turnover days (DSO 10, DPO 48, DIO 60). At a 5.7% WACC with mid-year discounting, the terminal value (52% of enterprise value) is derived by applying the industry peer median EV/EBITDA multiple of 9.9x to Year 11 EBITDA. After subtracting net debt, the equity value implies a fair price of $46.54 per share, suggesting OPRT is undervalued by 778.2% at the current price of $5.30.
Adjust parameters to explore scenarios. Changes are for exploration only and do not affect saved valuations.
| 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | Terminal | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit Before Tax | 15 | 16 | 17 | 18 | 18 | 18 | 19 | 19 | 20 | 21 | 21 |
| (−) Net Interest | 266 | 278 | 301 | 309 | 316 | 324 | 333 | 342 | 352 | 362 | 371 |
| (+) D&A | 30 | 34 | 35 | 39 | 47 | 53 | 55 | 57 | 59 | 60 | 62 |
| EBITDA | 311 | 328 | 353 | 365 | 381 | 396 | 407 | 419 | 430 | 443 | 454 |
| (−) Tax | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | — |
| (−) CapEx | 48 | 50 | 54 | 56 | 57 | 59 | 60 | 62 | 64 | 65 | — |
| (−) ΔWC | 52 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | — |
| Free Cash Flow (FCF) | 206 | 271 | 290 | 303 | 317 | 330 | 339 | 349 | 359 | 369 | — |
| Peers' EBITDA Multiple | 9.9x | ||||||||||
| Terminal Value | 4,492 | ||||||||||
| WACC / Discount Rate | 5.70% | ||||||||||
| Timing of FCF (mid year) | 0.5 | 1.5 | 2.5 | 3.5 | 4.5 | 5.5 | 6.5 | 7.5 | 8.5 | 9.5 | 5 |
| Present Value of FCF | 200 | 249 | 252 | 249 | 247 | 243 | 237 | 230 | 224 | 218 | 2,581 |
| Enterprise Value | 4,932 | ||||||||||
| Projection Period | 2,351 | 47.7% | |||||||||
| Terminal Value | 2,581 | 52.3% | |||||||||
| (−) Current Net Debt | 2,705 | ||||||||||
| Equity Value | 2,227 | ||||||||||
| (÷) Outstanding Shares | 48M | ||||||||||
| Fair Price | $47 | +777.8% | |||||||||
| WACC \ EV/EBITDA Exit Multiple | 5.9x | 7.9x | 9.9x | 11.9x | 13.9x |
|---|---|---|---|---|---|
| 3.7% | $36 | $50 | $63 | $76 | $89 |
| 4.7% | $30 | $42 | $54 | $66 | $78 |
| 5.7% | $25 | $36 | $47 | $57 | $68 |
| 6.7% | $20 | $30 | $39 | $49 | $59 |
| 7.7% | $15 | $24 | $33 | $42 | $51 |
Current price: $5.30. Green = undervalued, Red = overvalued.
Based on default parameters
Using the industry peer median P/E Multiples multiple (trailing + forward), Oportun Financial Corporation (OPRT) has a fair value of $3.77 based on 7 comparable companies in the Financial - Credit Services industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Oportun Financial CorporationOPRT | 254 | 10.0x | 18.3x |
| James River Group Holdings, Ltd. | 284 | 7.8x | — |
| Investar Holding Corporation | 273 | 13.4x | 18.0x |
| Medallion Financial Corp. | 202 | 4.8x | 3.9x |
| CPI Card Group Inc. | 190 | 13.2x | 10.4x |
| Finance Of America Companies Inc. | 184 | 4.8x | 6.7x |
| Consumer Portfolio Services, Inc. | 171 | 9.7x | 9.3x |
| Antalpha Platform Holding Company | 160 | 9.0x | 9.9x |
| Industry Median | 9.0x | 9.6x | |
| (*) Profit after tax | 25 | 14 | |
| Equity Value | 228 | 133 | |
| (/) Outstanding shares | 48 | 48 | |
| Fair Price | $5 | $3 | |
Using the industry peer median EV/Revenue multiple (trailing + forward), Oportun Financial Corporation (OPRT) has a fair value of $6.89 based on 8 comparable companies in the Financial - Credit Services industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Oportun Financial CorporationOPRT | 254 | 4.6x | 3.0x |
| James River Group Holdings, Ltd. | 284 | 0.5x | 0.6x |
| Investar Holding Corporation | 273 | 2.6x | 5.0x |
| Medallion Financial Corp. | 202 | 0.9x | 1.1x |
| CPI Card Group Inc. | 190 | 0.9x | 1.1x |
| Finance Of America Companies Inc. | 184 | 15.4x | 83.7x |
| Consumer Portfolio Services, Inc. | 171 | 8.6x | 13.3x |
| Antalpha Platform Holding Company | 160 | 14.8x | 15.2x |
| Open Lending Corporation | 145 | 0.6x | 0.5x |
| Industry Median | 1.8x | 3.1x | |
| (*) Revenue | 637 | 999 | |
| = Enterprise Value | 1,125 | 4,945 | |
| (-) Net Debt | 2,705 | 2,705 | |
| Equity Value | -1,580 | 2,239 | |
| (/) Outstanding shares | 48 | 48 | |
| Fair Price | $-33 | $47 | |
Using the PEG framework with analyst consensus forward EPS growth of 25.0%, the company has a fair value of $38.65 based on NTM EPS (FY2026) of $1.55. The current PEG ratio is 0.03.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
Growth above 25% is capped — hypergrowth may not be sustainable long-term.
| EPS Growth RateForward | 89.9% |
| Adjusted Growth (clamped 8–25%)Clamped | 25.0% |
| Fair P/E | 25.0x |
| NTM EPS (FY2026) | $1.55 |
| Fair Value | $38.65 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $0.53 | — | — |
| FY2026E | $1.55 | +191.7% | 5 |
| FY2027E | $1.91 | +23.7% | 5 |
2Y Forward EPS CAGR: 89.9%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $47.4M | $1.56 | — |
| FY2022 | $-77.7M | $-2.37 | -251.9% |
| FY2023 | $-180.0M | $-4.88 | — |
| FY2024 | $-78.7M | $-1.95 | — |
| FY2025 | $25.2M | $0.53 | — |
4Y Historical EPS CAGR: -23.7%
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.