FCFS
FirstCash Inc
NASDAQ: FCFS · FINANCIAL SERVICES · CREDIT SERVICES
$233.00
+1.35% today
Updated 2026-06-05
Market cap
$9.86B
P/E ratio
28.18
P/S ratio
2.54x
EPS (TTM)
$7.98
Dividend yield
0.75%
52W range
$118 – $236
Volume
0.4M
FirstCash Inc (FCFS) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed FCFS price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$233.00
Today
Analyst consensus
$241.40
+3.61% · 12M
2030 Base
$156.14
-32.99% future
NPV today
$112.35
@ 7% WACC
6 analysts:
3 Buy1 Hold0 Sell
Management guidance
FirstCash raised FY2026 revenue guidance to $4.36B (19.0% YoY growth) following strong Q1 2026 results with $1.05B revenue (+25.7% YoY). Management has not issued explicit 2027-2030 targets, but Q1 beat and guidance raise signal confidence in mid-to-high teens growth sustainability. Company operates ~3,300 pawn locations globally with active acquisition strategy and same-store sales growth.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
FCFS · FirstCash Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$156.14
NPV today: $112.35
Base case (2030)
$156.14
NPV today: $112.35
Bull case (2030)
$456.44
NPV today: $328.44
WallStSmart.com
FCFS financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $3.7B | $4.4B | $5.0B | $5.6B | $6.1B | $6.6B |
| Revenue growth | 8.0% | 19.0% | 14.1% | 12.4% | 9.4% | 8.1% |
| Net margin | — | 11.1% | 11.3% | 11.5% | 11.5% | 11.5% |
| EPS | $8.76 | $10.98 | $12.85 | $14.60 | $15.95 | $17.20 |
| Diluted shares | — | 44M | 44M | 44M | 44M | 44M |
| Net debt | — | $2.23B | $1.69B | $1.10B | $442.85M | $-264.07M |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $48.62 | $74.68 | $102.30 | $128.99 | $156.14 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $6.6B | $6.6B | $6.6B |
| P/S multiple | 1.0x | 1.0x | 3.0x |
| Diluted shares | 44M | 44M | 44M |
| Net debt | $-264.07M | $-264.07M | $-264.07M |
| Implied P/E † | 9x | 9x | 27x |
| 2030 Price | $156.14 | $156.14 | $456.44 |
| NPV @ 7% | $112.35 | $112.35 | $328.44 |
† Implied P/E: Multiples remain elevated across all three scenarios because FCFS is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $156.14 base case
FCFS catalysts and risks
Growth catalysts
+ Pawn loan receivable growth acceleration (Q1 2026 showed strong demand in non-prime consumer segment)
+ Geographic expansion: 28 new locations added in Q4 2025; UK acquisition driving incremental revenue and cross-selling opportunities
+ Same-store sales growth: consistent low-to-mid single-digit comps in pawn + retail POS payment solutions driving organic growth
+ M&A strategy: company signaling continued acquisition pipeline with $750M debt raise (May 2026) providing acquisition capacity
+ Economic resilience: pawn business demonstrates counter-cyclical demand; 2024-2026 showed growth even with mixed macro backdrop
Key risks
- Economic slowdown: non-prime consumer credit deterioration would suppress pawn loan demand and retail spending
- Debt leverage: company raised $750M senior notes (6.125% due 2034); total debt ~$2.8B; elevated leverage could constrain growth capex if rates remain elevated
- Insider selling: multiple insider sales in May 2026 (COO $2.28M, CFO $679K, director $326K) following 78% 1-year stock surge signals potential valuation concerns at C-suite
- Competitive pressure: consolidation in pawn/specialty finance could cap market share gains; peer OMF, EZPW competition
- Regulatory risk: prior CFPB enforcement (Military Lending Act violations) suggests regulatory scrutiny; compliance costs could pressure margins
Methodology · FirstCash Inc 2030 stock forecast model
FirstCash Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 6 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for FCFS by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-264.07M by 2030) |
| 3. Time value | NPV calculated using 7% WACC (CAPM: beta 0.527) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 3.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
FCFS price target FAQ
What is the FCFS price target for 2030?
WallStSmart's FirstCash Inc 2030 base case is $156.14 per share, with a bull case of $456.44 and bear case of $156.14. The NPV of the base case discounted to today at 7% WACC is $112.35.
How is the FirstCash Inc 2030 stock forecast calculated?
The FCFS 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the FCFS price target account for dilution?
FirstCash Inc is projected to grow diluted share count from 44M to 44M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on FCFS stock?
6 analysts cover FCFS with an average 12-month price target of $241.40. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.