Encore Capital Group, Inc.

Encore Capital Group, Inc.

Encore Capital Group, Inc.

Overview
Date Founded

1999

Headquarters

3111 Camino del Rio North,Suite 103,San Diego, CA 92108

Type of Company

Public

Employees (Worldwide)

7,300

Industries

Consumer Finance
Accounting & Financial Services

Company Description

Encore Capital Group is a leading provider of debt management and recovery solutions for consumers and property owners across a broad range of assets. Through its subsidiaries, the company purchases portfolios of consumer receivables from major banks, credit unions, and utility providers, and partners with individuals as they repay their obligations and work toward financial recovery. Through its Propel Financial Services subsidiary, the company assists property owners who are delinquent on their property taxes by structuring affordable monthly payment plans. Success in our business hinges on understanding, measuring, and predicting financially distressed consumer behavior, and we have invested heavily to build one of the industry’s strongest analytic platforms focused on this demographic segment. Encore’s success and future growth are driven by its sophisticated and widespread use of analytics, its broad investments in data and behavioral science, the significant cost advantages provided by its highly-efficient operating model and proven investment strategy, and the company’s demonstrated commitment to conducting business ethically and in ways that support its consumers’ financial recovery. Headquartered in San Diego, Encore is a publicly traded NASDAQ Global Select company (ticker symbol: ECPG) and a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500. Our Company’s operations include sites in San Diego, CA, Phoenix, AZ, St. Cloud, MN, San Antonio, TX, New Delhi, India, and San Jose, Costa Rica. We currently have over 2,400 employees worldwide, and possess a large third-party network of collection agencies and litigators throughout the United States. Our Propel Financial Services subsidiary focuses primarily on the property tax financing industry. Based in San Antonio, it is the largest property tax finance company in Texas. Propel’s customers appreciate its competitive rates, flexible terms, and ability to fund deals quickly

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Executives & Employees

President & Chief Executive Officer

Executive Vice President, Chief Financial Officer & Treasurer

Executive Vice President & Chief Financial Officer

Executive Vice President, General Counsel & Chief Administrative Officer

Chief Information Officer

Chief Human Resources Officer & Senior Vice President

Senior Vice President & Managing Director-Encore Advantage

Senior Vice President, Corporate & Government Affairs

Senior Vice President, Chief Global Strategist & Growth Officer

Chief Risk Officer & Managing Vice President

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Owners & Shareholders
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Broad Run primarily invests in domestic equity securities, using fundamental, company-focused research, a long-term investment temperament and a concentrated portfolio management approach. The firm invests primarily in high-quality, growth-oriented companies trading at a discount to their estimate of intrinsic worth. They conduct thorough fundamental analysis on investment prospects with an emphasis on understanding the quality of the business and its long-term cash generation capabilities. Broad Run provides a single portfolio management strategy, available through separate accounts and a mutual fund sub-advisory relationship.

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Stephens Investment Management Group We are pleased to announce that the Board of Trustees of Professionally Managed Portfolios has approved a plan of reorganization whereby the Stephens Small Cap Growth Fund and Stephens Mid Cap Growth Fund will reorganize into the American Beacon Family of Funds. The new fund names will be the American Beacon Stephens Small Cap Growth Fund and the American Beacon Stephens Mid Cap Growth Fund. The new Funds are designed to be substantially similar from an investment perspective as their predecessors. Stephens Investment Management Group, LLC (“SIMG”), will continue to manage the day-to-day portfolio as the sub-adviser to the American Beacon Funds. By engaging SIMG as a sub-adviser, American Beacon Advisers will be able to provide shareholders continuity of the portfolio management team that has been responsible for the Stephens Funds’ performance records since the inception of each of the Funds. The portfolio managers of SIMG who are primarily responsible for the day-to-day portfolio management of each of the Stephens Funds will remain the same

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BloombergSen is a value manager which aims to maximize absolute returns over the long-term while preserving principal. The firm invests only in companies that are selling for significantly less than their conservative estimate of their intrinsic value. They sell short companies that are selling far in excess of their estimate of intrinsic value. BloombergSen looks for companies with stable demand, limited competition, high barriers to entry and strong growth opportunities. They target companies with the potential to produce high returns on capital and generate strong free cash flow.

Recent Transactions
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Credit Corp. Group Ltd. purchases Baycorp Holdings Pty Ltd. from Encore Capital Group, Inc.

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Encore Capital Group, Inc. purchases Cabot Credit Management Ltd. from J.C. Flowers & Co. LLC

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Encore Capital Group, Inc. purchases Baycorp Holdings Pty Ltd. from Oceania Capital Partners

Insider Transactions
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Advisors & Consultants
Advisor

Former Executive Vice President, Chief Financial Officer & Treasurer at Encore Capital Group, Inc.

Key Stats and Financials As of 2019
Market Capitalization
$1.21B
Total Enterprise Value
$4.53B
Earnings Per Share
$5.33
Revenue
$1.4B
Net Profit
$168M
EBITDA
$493M
EBITDAMargin
35.3%
Total Debt
$3.61B
Total Equity
$1.03B
Enterprise Value / Sales
3.25x
Enterprise Value EBITDAOperating
9.01x
TEVNet Income
26.99x
Debt TEV
0.8x
Three Year Compounded Annual Growth Rate Of Revenue
10.68%
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$1,000
2014
$1,000
2014
Investments
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Grove Capital Management Ltd. engages in investment activities. It is a distressed asset investment group focused on consumer receivables in the United Kingdom and Europe. The firm operates through its offices located in London and Madrid. The company was founded in 2010 by Ross Spencer Latham Cox and Kevin Alexander Fuller and is headquartered in London, the United Kingdom.

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Baycorp Holdings Pty Ltd. engages in the provision of debt purchasing and debt collection operator services. The company was founded in June 20, 2006 and is headquartered in Parramatta, Australia.

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Refinancia SA is a holding company engaged in the provision of debt servicing solutions. It offers non-performing loan purchasing, merchant guarantee payment plans, bank guarantee payment plans, and credit card programs. The company was founded by Kenneth Mendiwelson Valcarcel in 2005 and is headquartered in Bogota, Colombia.

Suppliers
GB Group Plc Internet Software & Services | Chester, United Kingdom

GB Group Plc engages in the provision of identity intelligence solutions. It operates through the Identity, Fraud and Location segments. The firm offers electronic ID Verification services, ID Registration, ID Engage and ID Trace and Investigate software and services. It also supports customers in traditional banking, government, utilities, retail and transport as well as newly emerging industries such as eCommerce, online gaming, cryptocurrency and mobile payments. The company was founded on August 21, 1989 and is headquartered in Chester, the United Kingdom.

IREIT Global Holding Companies | Singapore, Singapore

IREIT Global operates as a real estate investment trust. It invests directly and indirectly in a portfolio of income-producing real estate in Europe. The company was founded on November 1, 2013 and is headquartered in Singapore.

Be Shaping the Future SpA Human Resources & Personnel Services | Rome, Ita

Be Shaping the Future SpA engages in information and communications technology (ICT) consulting in the financial services sector. It operates through the Business Consulting and ICT Solutions business segments. The Business Consulting segment supports the financial services industry in the implementation of strategies and programs for improvement. The ICT Solutions includes management for life and non-life insurance companies, solutions, and systems for utility companies; integration of payment systems and card processing; and software for document management. The company was founded in 1987 and is headquartered in Rome, Italy.

Competitors
PRA Group, Inc. Accounting & Financial Services - Norfolk, VA

PRA Group, Inc. engages in the purchase, collection and management of portfolios of defaulted consumer receivables. It focuses on the acquisition, collection, and processing of both unpaid and normal course accounts receivable originally owed to credit grantors, governments, retailers and others. The company was founded by Steve Fredrickson and Kevin Stevenson on March 20, 1996 and is headquartered in Norfolk, VA.

Arrow Global Group Plc Retail & Commercial Banking - Manchester, United Kingdom

Arrow Global Group Plc engages in the provision of credit management services. It operates through the following segments: Investment Business; Asset Management and Servicing Business; and Group Functions. The Investment Business segment includes all portfolio investments. The Asset Management and Servicing Business segment focuses on income and cost associated with managing debt portfolios and external services. The Group functions segment includes overall activities of the company. The company was founded by Zachary Jason Lewy on August 14, 2013 and is headquartered in Manchester, the United Kingdom.

KRUK SA Accounting & Financial Services - Wroclaw, Pol

KRUK SA engages in the provision of debt collection services, and in the purchase of debt portfolios and credit management. It operates through the following segments: Purchased Debt Portfolios, Commissioned Portfolios, and Other Products. The Purchased Debt Portfolios segment comprises of the debt collection of acquired debt. The Commissioned Portfolios segment offers outsourced debt collecting services. The Other segment includes financial advisory, lending activities, and economic information data research. The company was founded by Piotr Krupa and Wojciech Kuznicki in 1998 and is headquartered in Wroclaw, Poland.

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