Recent Insider Transactions • Jun 16
President & COO recently sold €417k worth of stock On the 12th of June, Gary Edelstein sold around 30k shares on-market at roughly €13.90 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €6.2m. Gary has been a net seller over the last 12 months, reducing personal holdings by €1.0m. Recent Insider Transactions • May 31
Independent Chair of the Board recently sold €6.2m worth of stock On the 26th of May, Michael Stein sold around 500k shares on-market at roughly €12.46 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €11m. Declared Dividend • May 11
First quarter dividend of CA$0.24 announced Shareholders will receive a dividend of CA$0.24. Ex-date: 15th May 2026 Payment date: 3rd June 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: US$0.53 (vs US$0.60 in 1Q 2025) First quarter 2026 results: EPS: US$0.53 (down from US$0.60 in 1Q 2025). Revenue: US$166.1m (up 20% from 1Q 2025). Net income: US$20.7m (down 12% from 1Q 2025). Profit margin: 13% (down from 17% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe. Announcement • May 06
Propel Holdings Inc. Approves Quarterly Dividend, Payable on June 3, 2026 Propel Holdings Inc. announced that its board of directors has approved an increase to its dividend that represents an increase from CAD 0.90 per common share to CAD 0.96 per common share on an annualized basis, effective second quarter of 2026. This represents an increase of 7% and the Company's eleventh consecutive quarterly dividend increase. The board declared a dividend of CAD 0.24 per common share, payable on June 3, 2026 to shareholders of record as of the close of business on May 15, 2026. The Company has designated this dividend as an eligible dividend within the meaning of the Income Tax Act (Canada). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €13.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Consumer Finance industry in Europe. Total loss to shareholders of 8.7% over the past year. Announcement • Apr 14
Propel Holdings Inc. to Report Q1, 2026 Results on May 04, 2026 Propel Holdings Inc. announced that they will report Q1, 2026 results After-Market on May 04, 2026 New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Significant insider selling over the past 3 months (€646k sold). Announcement • Mar 24
Propel Holdings Inc., Annual General Meeting, Jun 03, 2026 Propel Holdings Inc., Annual General Meeting, Jun 03, 2026. Recent Insider Transactions • Mar 14
Independent Chair of the Board recently sold €646k worth of stock On the 9th of March, Michael Stein sold around 50k shares on-market at roughly €12.91 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €5.1m. Announcement • Mar 10
Propel Holdings Launches Freshline Propel Holdings Inc. announced an additional commitment of up to USD 150 million alongside the official launch of FreshLine, the unsecured personal line-of-credit product developed in partnership with Column. This commitment from Propel's partners — the largest single commitment for any of Propel's programs to date — supports the national roll-out of FreshLine and positions the Company to drive accelerated growth across the United States throughout 2026 and beyond. The structure reinforces Propel's capital-efficient operating model and reflects continued confidence in the Company's AI-powered platform and ability to scale new credit programs. Reported Earnings • Mar 04
Full year 2025 earnings released: EPS: US$1.52 (vs US$1.32 in FY 2024) Full year 2025 results: EPS: US$1.52 (up from US$1.32 in FY 2024). Revenue: US$589.8m (up 31% from FY 2024). Net income: US$59.5m (up 28% from FY 2024). Profit margin: 10% (in line with FY 2024). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Finance industry in Europe. Announcement • Feb 25
Propel Holdings Inc. Announces Freshline Is A New Product Set to Launch in First Quarter Propel Holdings Inc. announced a USD 60 million forward flow purchase agreement with funds managed by Mesirow Alternative Credit . Under the Agreement, Mesirow will purchase receivables originated through Freshline. Freshline is a new product set to launch in First Quarter that will bring unsecured personal loans to a new customer segment of the underserved market and additional geographies not currently served by Propel. Freshline is provided by Column N.A. ("Column"). Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €12.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Consumer Finance industry in Europe. Total loss to shareholders of 34% over the past year. Declared Dividend • Feb 16
Third quarter dividend of CA$0.23 announced Shareholders will receive a dividend of CA$0.23. Ex-date: 20th February 2026 Payment date: 4th March 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Dec 26
Independent Chair of the Board recently sold €187k worth of stock On the 23rd of December, Michael Stein sold around 12k shares on-market at roughly €15.55 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.7m. Michael has been a net seller over the last 12 months, reducing personal holdings by €4.5m. Recent Insider Transactions • Dec 11
Independent Chair of the Board recently sold €1.5m worth of stock On the 8th of December, Michael Stein sold around 92k shares on-market at roughly €16.10 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €2.6m. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €15.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Consumer Finance industry in Europe. Board Change • Nov 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Pete Anderson was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 06
Propel Holdings Inc. announces Quarterly dividend, payable on December 04, 2025 Propel Holdings Inc. announced Quarterly dividend of CAD 0.2100 per share payable on December 04, 2025, ex-date on November 14, 2025 and record date on November 14, 2025. Announcement • Oct 14
Propel Holdings Inc. to Report Q3, 2025 Results on Nov 04, 2025 Propel Holdings Inc. announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Announcement • Aug 08
Propel Holdings Inc. Increases Quarterly Dividend, Payable on September 4, 2025 Propel announced that its board of directors has approved a further increase to its dividend from CAD 0.72 per common share to CAD 0.78 per common share on an annualized basis. This represents an increase of 8% and the Company's eighth consecutive dividend increase. The board declared a dividend of CAD 0.195 per common share, payable on September 4, 2025 to shareholders of record as of the close of business on August 27, 2025. Announcement • Jul 16
Propel Holdings Inc. to Report Q2, 2025 Results on Aug 06, 2025 Propel Holdings Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Board Change • Jul 14
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Pete Anderson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 04
Insider recently sold €124k worth of stock On the 30th of May, Bradley Sherk sold around 6k shares on-market at roughly €20.41 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.0m. Insiders have been net sellers, collectively disposing of €20m more than they bought in the last 12 months. Recent Insider Transactions • May 18
President & COO recently sold €219k worth of stock On the 14th of May, Gary Edelstein sold around 10k shares on-market at roughly €21.86 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gary has been a net seller over the last 12 months, reducing personal holdings by €2.4m. Declared Dividend • May 12
First quarter dividend of CA$0.18 announced Shareholders will receive a dividend of CA$0.18. Ex-date: 15th May 2025 Payment date: 4th June 2025 Dividend yield will be 2.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 113% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 07
First quarter 2025 earnings released: EPS: US$0.60 (vs US$0.38 in 1Q 2024) First quarter 2025 results: EPS: US$0.60 (up from US$0.38 in 1Q 2024). Revenue: US$138.9m (up 44% from 1Q 2024). Net income: US$23.5m (up 79% from 1Q 2024). Profit margin: 17% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Consumer Finance industry in Europe. Announcement • May 07
Propel Holdings Inc. Approves Quarterly Dividend, Payable on June 4, 2025 Propel Holdings Inc. announced that its board of directors has approved an increase to its dividend that represents an increase from CAD 0.66 per common share to CAD 0.72 per common share on an annualized basis. This 9% increase is the company's eighth dividend increase since the beginning of 2023. The board declared a dividend of CAD 0.18 per common share, payable on June 4, 2025 to shareholders of record as of the close of business on May 15, 2025. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €17.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €30.68 per share. Announcement • Apr 15
Propel Holdings Inc. to Report Q1, 2025 Results on May 06, 2025 Propel Holdings Inc. announced that they will report Q1, 2025 results After-Market on May 06, 2025 Announcement • Mar 25
Propel Holdings Inc., Annual General Meeting, Jun 05, 2025 Propel Holdings Inc., Annual General Meeting, Jun 05, 2025. Recent Insider Transactions • Mar 20
Co-Founder & Chief Risk Officer recently bought €90k worth of stock On the 18th of March, Jonathan Goler bought around 6k shares on-market at roughly €14.99 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Jonathan has been a net seller over the last 12 months, reducing personal holdings by €44k. Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: US$1.32 (vs US$0.81 in FY 2023) Full year 2024 results: EPS: US$1.32 (up from US$0.81 in FY 2023). Revenue: US$227.2m (down 28% from FY 2023). Net income: US$46.4m (up 67% from FY 2023). Profit margin: 20% (up from 8.8% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Finance industry in Europe. Buy Or Sell Opportunity • Feb 28
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €18.50. The fair value is estimated to be €23.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 63%. For the next 3 years, revenue is forecast to grow by 25% per annum. Earnings are also forecast to grow by 38% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €19.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €23.83 per share. Announcement • Feb 19
Propel Holdings Inc. to Report Q4, 2024 Results on Mar 12, 2025 Propel Holdings Inc. announced that they will report Q4, 2024 results After-Market on Mar 12, 2025 Announcement • Feb 12
Propel Holdings Inc. Declares Dividend for the First Quarter of 2025 , Payable on March 5, 2025 Propel Holdings Inc. announced that its Board of Directors has approved an increase to its dividend from CAD 0.60 to CAD 0.66 per common share on an annualized basis, and declared a first quarter 2025 dividend of CAD 0.165 per common share. This dividend represents an increase of 10% and the Company's seventh dividend increase since the beginning of 2023. The dividend will be payable on March 5, 2025 to shareholders of record as of the close of business on February 19, 2025. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €28.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 7x in the Consumer Finance industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €25.43 per share. Recent Insider Transactions • Dec 28
Co-Founder recently sold €1.6m worth of stock On the 24th of December, Noah Buchman sold around 65k shares on-market at roughly €24.70 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Noah has been a net seller over the last 12 months, reducing personal holdings by €2.0m. Board Change • Dec 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Pete Anderson was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 16
Propel Holdings Inc. (TSX:PRL) completed the acquisition of Stagemount Limited. Propel Holdings Inc. (TSX:PRL) entered into a definitive agreement to acquire Stagemount Limited for $71 million on September 26, 2024. The consideration for the acquisition is comprised of $71 million of cash payable at closing. The purchase price implies a multiple of approximately 7.4x QuidMarket’s net income for the twelve months ended June 30, 2024, calculated under UK GAAP. The Company intends to fund the purchase price for the acquisition with the net proceeds from the concurrent offering of subscription receipts. The existing management team at Stagemount (QuidMarket) will continue to operate the business on a go forward basis. The transaction is subject to the satisfaction of customary closing conditions, including the receipt of applicable regulatory approvals, including the approval of the Financial Conduct Authority (“FCA”). For the twelve months ended June 30, 2024, Stagemount (QuidMarket) generated revenue of $27.7 million and a net income of approximately $9.6 million. The acquisition is expected to close in either in the fourth quarter of 2024 or in the early first quarter of 2025.
Canaccord Genuity Group Inc. acted as exclusive financial advisor to Propel Holdings Inc. Stikeman Elliott LLP acted as legal advisor to Propel Holdings Inc. Allen Overy Shearman Sterling LLP acted as legal advisor to Propel Holdings Inc. Nelson Mullins Riley & Scarborough LLP acted as legal advisor to Stagemount Limited. Fogler, Rubinoff LLP acted as legal advisor to Stagemount Limited. Walker Morris LLP acted as legal advisor to Stagemount Limited.
Propel Holdings Inc. (TSX:PRL) completed the acquisition of Stagemount Limited on November 15, 2024. Announcement • Sep 27
Propel Holdings Inc. (TSX:PRL) entered into a definitive agreement to acquire Stagemount Limited for $71 million. Propel Holdings Inc. (TSX:PRL) entered into a definitive agreement to acquire Stagemount Limited for $71 million on September 26, 2024. The consideration for the acquisition is comprised of $71 million of cash payable at closing. The purchase price implies a multiple of approximately 7.4x QuidMarket’s net income for the twelve months
ended June 30, 2024, calculated under UK GAAP. The Company intends to fund the purchase price for the acquisition with the net proceeds from the concurrent offering of subscription receipts. The existing management team at Stagemount (QuidMarket) will continue to operate the business on a go forward basis. The transaction is subject to the satisfaction of customary closing conditions, including the receipt of applicable regulatory approvals, including the approval of the Financial Conduct Authority (“FCA”). For the twelve months ended June 30, 2024, Stagemount (QuidMarket) generated revenue of $27.7 million and a net income of approximately $9.6 million. The acquisition is expected to close in either in the fourth quarter of 2024 or in the early first quarter of 2025.
Canaccord Genuity Group Inc. acted as exclusive financial advisor to Propel Holdings Inc. Stikeman Elliott LLP acted as legal advisor to Propel Holdings Inc. Allen Overy Shearman Sterling LLP acted as legal advisor to Propel Holdings Inc. Nelson Mullins Riley & Scarborough LLP acted as legal advisor to Stagemount Limited. Fogler, Rubinoff LLP acted as legal advisor to Stagemount Limited. Walker Morris LLP acted as legal advisor to Stagemount Limited. 
