TSX:MOGO

Stock Analysis Report

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Executive Summary

Mogo Inc. operates as a financial technology company in Canada. More Details


Snowflake Analysis

Slightly overvalued with limited growth.


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Share Price & News

How has Mogo's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MOGO is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: MOGO's weekly volatility (23%) has been stable over the past year, but is still higher than 75% of Canadian stocks.


Market Performance


7 Day Return

-23.2%

MOGO

0.08%

CA Consumer Finance

0.4%

CA Market


1 Year Return

203.8%

MOGO

77.4%

CA Consumer Finance

11.1%

CA Market

Return vs Industry: MOGO exceeded the Canadian Consumer Finance industry which returned 76.6% over the past year.

Return vs Market: MOGO exceeded the Canadian Market which returned 10.1% over the past year.


Shareholder returns

MOGOIndustryMarket
7 Day-23.2%0.08%0.4%
30 Day90.6%27.0%3.2%
90 Day224.0%38.0%7.3%
1 Year203.8%203.8%83.4%77.4%15.2%11.1%
3 Yearn/a151.8%137.5%24.7%12.9%
5 Yearn/a109.9%92.2%60.1%35.9%

Long-Term Price Volatility Vs. Market

How volatile is Mogo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mogo undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MOGO (CA$9.72) is trading below our estimate of fair value (CA$69.01)

Significantly Below Fair Value: MOGO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MOGO is unprofitable, so we can't compare its PE Ratio to the XN Consumer Finance industry average.

PE vs Market: MOGO is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MOGO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MOGO has negative assets, so we can't compare its PB Ratio to the CA Consumer Finance industry average.


Next Steps

Future Growth

How is Mogo forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-0.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MOGO is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MOGO is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MOGO is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MOGO's revenue (26.3% per year) is forecast to grow faster than the Canadian market (8.3% per year).

High Growth Revenue: MOGO's revenue (26.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MOGO's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Mogo performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOGO is currently unprofitable.

Growing Profit Margin: MOGO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MOGO is unprofitable, but has reduced losses over the past 5 years at a rate of 4.7% per year.

Accelerating Growth: Unable to compare MOGO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MOGO is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Finance industry (-14.5%).


Return on Equity

High ROE: MOGO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

  • Explore strong past performing companies in the Diversified Financials industry.

Financial Health

How is Mogo's financial position?


Financial Position Analysis

Short Term Liabilities: MOGO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MOGO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MOGO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MOGO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable MOGO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MOGO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23.8% per year.


Next Steps

Dividend

What is Mogo current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MOGO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MOGO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MOGO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MOGO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MOGO's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Dave Feller (52 yo)

7.83yrs

Tenure

CA$473,718

Compensation

Mr. David Marshall Feller, also known as Dave, Founded Mogo Inc. in 2003 and has been its Chief Executive Officer since April 12, 2013. Mr. Feller is a Co-Founder and Partner of Bluestone.vc. Mr. Feller is...


CEO Compensation Analysis

Compensation vs Market: Dave's total compensation ($USD378.53K) is below average for companies of similar size in the Canadian market ($USD740.53K).

Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
David Feller
Founder7.83yrsCA$473.72k4.4%
CA$ 25.1m
Gregory Feller
President5.83yrsCA$561.00k3.15%
CA$ 17.9m
Macully Clayton
Vice President of Productno dataCA$246.10kno data
Christopher Day
Vice President of Marketing0.083yrno datano data
Justin Carter
Vice President of Growthno dataCA$274.10kno data

5.8yrs

Average Tenure

Experienced Management: MOGO's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Feller
Founder7.83yrsCA$473.72k4.4%
CA$ 25.1m
Gregory Feller
President5.83yrsCA$561.00k3.15%
CA$ 17.9m
Minhas Mohamed
Independent Director5.83yrsCA$62.00k0.23%
CA$ 1.3m
Michael Wekerle
Independent Director1.67yrsCA$14.17k11.37%
CA$ 64.8m
Kees Van Winters
Lead Independent Directorno dataCA$32.44k0.66%
CA$ 3.8m
Christopher Payne
Director0.083yrno datano data

4.5yrs

Average Tenure

58yo

Average Age

Experienced Board: MOGO's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MOGO 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 substantially diluted in the past year, with total shares outstanding growing by 95.1%.


Top Shareholders

Company Information

Mogo Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mogo Inc.
  • Ticker: MOGO
  • Exchange: TSX
  • Founded: 2003
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: CA$569.901m
  • Shares outstanding: 53.76m
  • Website: https://www.mogo.ca

Number of Employees


Location

  • Mogo Inc.
  • 2100-401 West Georgia Street
  • Vancouver
  • British Columbia
  • V6B 5A1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SGCDDB (Deutsche Boerse AG)YesNew Common SharesDEEURJun 2019
MOGOTSX (The Toronto Stock Exchange)YesNew Common SharesCACADJun 2019
MOGONasdaqCM (Nasdaq Capital Market)YesNew Common SharesUSUSDJun 2019

Biography

Mogo Inc. operates as a financial technology company in Canada. The company provides finance app that empowers consumers with solutions to help them get in control of their financial wellness. It offers us...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 00:19
End of Day Share Price2021/02/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.