Market Cap
CA$1.9b
Last Updated
2021/04/10 23:06 UTC
Data Sources
Company Financials +
Executive Summary
goeasy Ltd. provides loans and other financial services to consumers in Canada. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with reasonable growth potential and pays a dividend.
Similar Companies
Share Price & News
How has goeasy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GSY is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: GSY's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-0.6%
GSY
-0.3%
CA Consumer Finance
1.0%
CA Market
1 Year Return
219.2%
GSY
184.8%
CA Consumer Finance
39.2%
CA Market
Return vs Industry: GSY exceeded the Canadian Consumer Finance industry which returned 184.8% over the past year.
Return vs Market: GSY exceeded the Canadian Market which returned 39.2% over the past year.
Shareholder returns
| GSY | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | -0.3% | 1.0% |
| 30 Day | -0.9% | -0.4% | 1.4% |
| 90 Day | 31.2% | 29.2% | 7.5% |
| 1 Year | 227.5%219.2% | 192.6%184.8% | 44.0%39.2% |
| 3 Year | 290.9%261.7% | 164.6%150.0% | 32.2%19.6% |
| 5 Year | 708.6%614.0% | 121.7%102.8% | 59.4%35.3% |
Long-Term Price Volatility Vs. Market
How volatile is goeasy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
goeasy (TSE:GSY) Has Rewarded Shareholders With An Exceptional 721% Total Return On Their Investment3 weeks ago | Simply Wall St
There's A Lot To Like About goeasy's (TSE:GSY) Upcoming CA$0.66 Dividend3 weeks ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In goeasy Ltd.'s (TSE:GSY) Shares?Valuation
Is goeasy undervalued compared to its fair value and its price relative to the market?
22.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GSY (CA$127.38) is trading below our estimate of fair value (CA$165.19)
Significantly Below Fair Value: GSY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GSY is poor value based on its PE Ratio (13.8x) compared to the XN Consumer Finance industry average (12.9x).
PE vs Market: GSY is good value based on its PE Ratio (13.8x) compared to the Canadian market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: GSY is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: GSY is overvalued based on its PB Ratio (4.3x) compared to the CA Consumer Finance industry average (1.2x).
Future Growth
How is goeasy forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
9.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GSY's forecast earnings growth (9% per year) is above the savings rate (1.5%).
Earnings vs Market: GSY's earnings (9% per year) are forecast to grow slower than the Canadian market (21.8% per year).
High Growth Earnings: GSY's earnings are forecast to grow, but not significantly.
Revenue vs Market: GSY's revenue (22.3% per year) is forecast to grow faster than the Canadian market (7.2% per year).
High Growth Revenue: GSY's revenue (22.3% 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 (24.4%)
Past Performance
How has goeasy performed over the past 5 years?
30.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GSY has high quality earnings.
Growing Profit Margin: GSY's current net profit margins (29.5%) are higher than last year (16.3%).
Past Earnings Growth Analysis
Earnings Trend: GSY's earnings have grown significantly by 30.1% per year over the past 5 years.
Accelerating Growth: GSY's earnings growth over the past year (112%) exceeds its 5-year average (30.1% per year).
Earnings vs Industry: GSY earnings growth over the past year (112%) exceeded the Consumer Finance industry -21.4%.
Return on Equity
High ROE: Whilst GSY's Return on Equity (30.78%) 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$1.3B) exceed its short term liabilities (CA$106.1M).
Long Term Liabilities: GSY's short term assets (CA$1.3B) exceed its long term liabilities (CA$952.3M).
Debt to Equity History and Analysis
Debt Level: GSY's debt to equity ratio (208.5%) is considered high.
Reducing Debt: GSY's debt to equity ratio has increased from 120.3% to 208.5% over the past 5 years.
Debt Coverage: GSY's debt is not well covered by operating cash flow (8%).
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?
1.41%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GSY's dividend (1.41%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.49%).
High Dividend: GSY's dividend (1.41%) is low compared to the top 25% of dividend payers in the Canadian market (4.81%).
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 (19.5%), 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 (26.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.6yrs
Average management tenure
CEO
Jason Mullins
2.25yrs
Tenure
CA$1,726,734
Compensation
Mr. Jason Mullins serves as Director at goeasy Ltd. since March 2021. Mr. Mullins serves as the President of goeasy Ltd. since April 2, 2018 and serves as its Chief Executive Officer since January 1, 2019 ...
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD1.37M) is below average for companies of similar size in the Canadian market ($USD2.07M).
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 (2.6 years average tenure).
Board Members
Experienced Board: GSY's board of directors are not considered experienced ( 2.3 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 only sold shares 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 4.1%.
Top Shareholders
Company Information
goeasy Ltd.'s company bio, 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$1.900b
- Shares outstanding: 14.92m
- Website: https://www.goeasy.com
Number of Employees
Location
- goeasy Ltd.
- 33 City Centre Drive
- Suite 510
- Mississauga
- Ontario
- L5B 2N5
- Canada
Listings
Biography
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. The Ea...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/10 23:06 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| 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.