First Advantage Corporation (FA)
NEUTRALFundamental
56
Price
$20.53
Market Cap
$3.64B
Part 1 · What the company is worth
Overview
First Advantage Corporation provides employment background screening, digital identity, and verification solutions internationally. It offers pre-onboarding products and solutions, such as criminal background checks, drug/health screening, extended workforce screening, FBI channeling, identity checks and biometric fraud mitigation tools, education/work history verification, driver records and compliance, healthcare credentials, executive screening, and other screening products. The company also provides post-onboarding solutions, including criminal records monitoring, I-9 verification, healthcare sanctions, motor vehicle records, social media screening, and global sanctions and licenses; and adjacent products comprising fleet/vehicle compliance, hiring tax credits and incentives, and investigative research. Its products and solutions are used by executive management, human resources, talent acquisition, risk, compliance, vendor management, safety, global enterprises, mid-sized, and small companies. The company was formerly known as Fastball Intermediate, Inc. and changed its name to First Advantage Corporation in March 2021. First Advantage Corporation was founded in 2002 and is based in Atlanta, Georgia.
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Direct competitors
Who this company fights with for the same customers
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Balance Sheet & Liquidity
Revenue
$1.66B
Trailing 12 months (through 6/30/2026)
Net Income
$25M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$188M
Total Equity
$1.31B
Total Liabilities
$2.52B
Current Ratio
2.53
Interest Coverage
1.28
Debt/EBITDA
8.36
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$18.32
Current Price
$20.53
Margin of Safety
-12.1%
Fair Value Range
$11.91 - $24.73
Estimation Methods
Valuation Metrics
P/E Ratio
137.93
ROE
-2.7%
P/B Ratio
2.75
P/FCF
14.27
Gross Margin
-
ROIC
4.0%
Profitability Radar
Value Creation (Economic Moat)
ROIC
4.0%
WACC
9.2%
ROIC − WACC
-5.2 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (14)
- P/FCF 14.27
- P/B Ratio 2.75
- Debt/Equity ratio
- Operating Margin 10.7%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Return on Tangible Assets
- Revenue Growth 5Y 25.3%
- Analyst Consensus 67% Buy
- Earnings Surprise avg 13.9%
- Earnings Quality (OCF/NI) 10.39
- Net Margin Trend 1.5% vs -12.0%
- Piotroski F-Score 6/9
Failed (10)
- EPS shows upward trend
- Price CAGR 1.88%
- ROIC 4.0%
- Interest Coverage
- Debt/EBITDA
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- ROE 1.9%
- Share Dilution 16.8%
Unavailable (3)
- Gross Margin NaN%
- Dividend Payout NaN%
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Issuing new shares, diluting ownership
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Scott D Staples | CEO & Director | 60 |
| Ms. Joelle M. Smith | President | 49 |
| Mr. Steven Marks | Executive VP & CFO | 38 |
| Mr. Douglas Nairne | Global Chief Operating Officer | 58 |
| Mr. Bret T. Jardine ESQ. | Chief Legal Officer & Secretary | 58 |
| Jon Black | SVP of IT Operations | - |
| Mr. Brad Doctor | Chief Information Security Officer | - |
| Ms. Joy Henry | Chief Revenue Officer of Americas | - |
Audit Risk
2
Board Risk
10
Compensation Risk
6
Shareholder Rights Risk
7
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Latest News
Recent headlines for FA, sourced from Markets Gazette.