Consumer Portfolio Services, Inc. (CPSS)

[kmx_swing]

Earnings Q42016 data:
They have increased on y/y basis shareholders equity by 16% from 161,159,000 to 186,218,000. The same time they have decreased on y/y basis the number of diluted O/S from 30,948,000 to 28,386,000.
That means BV per share should be 5.21 at Dec 31, 2015 and 6.56 at Dec 31, 2016.
Earnings after tax per share 0.263
Current PPS : 4.93
Current annual P/E: 4.93/1.01= 4.88
Conclusion: very undervalued


I have no idea how to calculate this value from last conference call "good news is our book value as of today is now $7.54 a share that is versus $6 a year ago, give or take."
Maybe there will be some guidance in today´s conference call

got it, they calculate it from number of basic O/S, not diluted. In this metrics the BV is calculated at the end of Q4/2016 as $7.85