| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 4/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
GSY Overview
goeasy Ltd. provides loans and other financial services to consumers in Canada.
goeasy Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$186.22 |
| 52 Week High | CA$66.51 |
| 52 Week Low | CA$218.35 |
| Beta | 2.14 |
| 1 Month Change | -11.47% |
| 3 Month Change | 20.10% |
| 1 Year Change | 165.38% |
| 3 Year Change | 309.28% |
| 5 Year Change | 625.44% |
| Change since IPO | 15,418.33% |
Recent News & Updates
Here's Why I Think goeasy (TSE:GSY) Is An Interesting Stock
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Shareholder Returns
| GSY | CA Consumer Finance | CA Market | |
|---|---|---|---|
| 7D | -2.2% | 0.3% | 2.4% |
| 1Y | 165.4% | 123.2% | 31.3% |
Return vs Industry: GSY exceeded the Canadian Consumer Finance industry which returned 123.2% over the past year.
Return vs Market: GSY exceeded the Canadian Market which returned 31.3% over the past year.
Price Volatility
| GSY volatility | |
|---|---|
| GSY Beta | 2.14 |
| Industry Beta | 2.3 |
| Market Beta | 1 |
Stable Share Price: GSY is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: GSY's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1990 | 2,200 | Jason Mullins | https://www.goeasy.com |
goeasy Ltd. provides loans and other financial services to consumers in Canada. It also leases household products to consumers. The company operates through two segments, Easyfinancial and Easyhome.
goeasy Fundamentals Summary
| GSY fundamental statistics | |
|---|---|
| Market Cap | CA$3.07b |
| Earnings (TTM) | CA$213.43m |
| Revenue (TTM) | CA$507.32m |
14.4x
P/E Ratio6.1x
P/S RatioIs GSY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GSY income statement (TTM) | |
|---|---|
| Revenue | CA$507.32m |
| Cost of Revenue | CA$0 |
| Gross Profit | CA$507.32m |
| Expenses | CA$293.89m |
| Earnings | CA$213.43m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 12.94 |
| Gross Margin | 100.00% |
| Net Profit Margin | 42.07% |
| Debt/Equity Ratio | 201.5% |
How did GSY perform over the long term?
See historical performance and comparisonDividends
1.4%
Current Dividend Yield16%
Payout RatioValuation
Is goeasy undervalued compared to its fair value and its price relative to the market?
14.39x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GSY (CA$186.22) is trading above our estimate of fair value (CA$163.21)
Significantly Below Fair Value: GSY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GSY is poor value based on its PE Ratio (14.4x) compared to the North American Consumer Finance industry average (8.2x).
PE vs Market: GSY is poor value based on its PE Ratio (14.4x) compared to the Canadian market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: GSY is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: GSY is overvalued based on its PB Ratio (4.1x) compared to the CA Consumer Finance industry average (1.5x).
Future Growth
How is goeasy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
4.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GSY's forecast earnings growth (4% per year) is above the savings rate (1.6%).
Earnings vs Market: GSY's earnings (4% per year) are forecast to grow slower than the Canadian market (11.8% per year).
High Growth Earnings: GSY's earnings are forecast to grow, but not significantly.
Revenue vs Market: GSY's revenue (20.9% per year) is forecast to grow faster than the Canadian market (6.7% per year).
High Growth Revenue: GSY's revenue (20.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GSY's Return on Equity is forecast to be high in 3 years time (23.8%)
Past Performance
How has goeasy performed over the past 5 years?
40.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GSY has a large one-off gain of CA$91.8M impacting its June 30 2021 financial results.
Growing Profit Margin: GSY's current net profit margins (42.1%) are higher than last year (19.3%).
Past Earnings Growth Analysis
Earnings Trend: GSY's earnings have grown significantly by 40.8% per year over the past 5 years.
Accelerating Growth: GSY's earnings growth over the past year (163.4%) exceeds its 5-year average (40.8% per year).
Earnings vs Industry: GSY earnings growth over the past year (163.4%) exceeded the Consumer Finance industry 133.2%.
Return on Equity
High ROE: Whilst GSY's Return on Equity (28.5%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is goeasy's financial position?
Financial Position Analysis
Short Term Liabilities: GSY's short term assets (CA$2.0B) exceed its short term liabilities (CA$127.8M).
Long Term Liabilities: GSY's short term assets (CA$2.0B) exceed its long term liabilities (CA$1.6B).
Debt to Equity History and Analysis
Debt Level: GSY's debt to equity ratio (201.5%) is considered high.
Reducing Debt: GSY's debt to equity ratio has increased from 126.8% to 201.5% over the past 5 years.
Debt Coverage: GSY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if GSY's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is goeasy current dividend yield, its reliability and sustainability?
1.42%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GSY's dividend (1.42%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.59%).
High Dividend: GSY's dividend (1.42%) is low compared to the top 25% of dividend payers in the Canadian market (4.54%).
Stability and Growth of Payments
Stable Dividend: GSY's dividends per share have been stable in the past 10 years.
Growing Dividend: GSY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (16%), GSY's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GSY's dividends in 3 years are forecast to be well covered by earnings (24.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Jason Mullins (38 yo)
2.75yrs
Tenure
CA$2,032,245
Compensation
Mr. Jason Mullins serves as Director at goeasy Ltd. since March 15, 2021. Mr. Mullins serves as the President of goeasy Ltd.since April 2, 2018 and serves as its Chief Executive Officer since January 1, 2...
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD1.64M) is below average for companies of similar size in the Canadian market ($USD2.89M).
Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: GSY's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: GSY's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GSY insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11%.
Top Shareholders
Company Information
goeasy Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: goeasy Ltd.
- Ticker: GSY
- Exchange: TSX
- Founded: 1990
- Industry: Consumer Finance
- Sector: Diversified Financials
- Market Cap: CA$3.072b
- Shares outstanding: 16.50m
- Website: https://www.goeasy.com
Number of Employees
Location
- goeasy Ltd.
- 33 City Centre Drive
- Suite 510
- Mississauga
- Ontario
- L5B 2N5
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/16 22:15 |
| End of Day Share Price | 2021/10/15 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.