DB:1ES

Stock Analysis Report

Executive Summary

goeasy Ltd. provides loans and other financial services to consumers in Canada.

Snowflake

Fundamentals

High growth potential established dividend payer.


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


Market Performance


7 Day Return

5.6%

DB:1ES

3.8%

DE Consumer Finance

3.2%

DE Market


1 Year Return

4.7%

DB:1ES

-25.1%

DE Consumer Finance

-9.7%

DE Market

1ES outperformed the Consumer Finance industry which returned -24.8% over the past year.

1ES outperformed the Market in Germany which returned -9.6% over the past year.


Share holder returns

1ESIndustryMarket
7 Day5.6%3.8%3.2%
30 Day0.5%-4.6%-4.4%
90 Day10.7%-5.9%-2.0%
1 Year6.9%4.7%-22.1%-25.1%-6.9%-9.7%
3 Yearn/a-33.1%-46.5%11.8%2.2%
5 Yearn/a-13.2%-38.6%26.9%9.5%

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

No news available

Valuation

Is goeasy undervalued based on future cash flows and its price relative to the stock market?

49%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

goeasy's share price is below the future cash flow value, and at a moderate discount (> 20%).

goeasy's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

goeasy is overvalued based on earnings compared to the Europe Consumer Finance industry average.

goeasy is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

goeasy is good value based on expected growth next year.


Price Based on Value of Assets

goeasy is overvalued based on assets compared to the Europe Consumer Finance industry average.


Next Steps

Future Growth

How is goeasy expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

23.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

goeasy's revenue is expected to grow by 18.4% yearly, however this is not considered high growth (20% yearly).

goeasy's earnings are expected to grow significantly at over 20% yearly.

goeasy's revenue growth is expected to exceed the Germany market average.

goeasy's earnings growth is expected to exceed the Germany market average.

goeasy's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

goeasy is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has goeasy performed over the past 5 years?

24.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

goeasy has delivered over 20% year on year earnings growth in the past 5 years.

goeasy's 1-year earnings growth exceeds its 5-year average (70.7% vs 24.8%)

goeasy's earnings growth has exceeded the Europe Consumer Finance industry average in the past year (70.7% vs 7.2%).


Return on Equity

Whilst goeasy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

goeasy used its assets more efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if goeasy improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is goeasy's financial position?


Financial Position Analysis

goeasy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

goeasy's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

goeasy's level of debt (214.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (51.7% vs 214.9% today).

Operating cash flow is negative therefore debt is not well covered.

Unable to confirm if the interest payments on goeasy's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.4x debt.


Next Steps

Dividend

What is goeasy's current dividend yield, its reliability and sustainability?

2.81%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase goeasy before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

goeasy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.51%).

goeasy's dividend is below the markets top 25% of dividend payers in Germany (4.17%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).


Next Steps

Management

What is the CEO of goeasy's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average management tenure


CEO

Jason Mullins 0

0.6yrs

Tenure

CA$1,566,576

Compensation

Mr. Jason Mullins serves as the President of goeasy Ltd. since April 2, 2018 and serves as its Chief Executive Officer since January 1, 2019 and served as Chief Operating Officer until December 31, 2018. M ...


CEO Compensation Analysis

Jason's remuneration is higher than average for companies of similar size in Germany.

Jason's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.1yrs

Average Tenure

The tenure for the goeasy management team is about average.


Board Age and Tenure

4.8yrs

Average Tenure

56yo

Average Age

The tenure for the goeasy board of directors is about average.


Insider Trading

goeasy individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyCA$5,22216 Aug 19
Jason Appel
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Risk Officer
Shares150
Max PriceCA$35.14
BuyCA$14,08614 Aug 19
Jason Appel
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Risk Officer
Shares400
Max PriceCA$36.33
BuyCA$7,40112 Aug 19
Jason Appel
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Risk Officer
Shares200
Max PriceCA$37.00
SellCA$114,91317 Jun 19
Jason Mullins
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares3,350
Max PriceCA$34.30
SellCA$992,92610 Jun 19
David Ingram
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares30,000
Max PriceCA$33.26
SellCA$1,182,88418 Mar 19
David Ingram
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares40,650
Max PriceCA$29.27
SellCA$396,82515 Mar 19
David Ingram
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares13,500
Max PriceCA$29.39
SellCA$2,258,56608 Mar 19
David Ingram
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares75,562
Max PriceCA$29.89
SellCA$111,87908 Mar 19
Steven Poole
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Operations & Merchandising
Shares3,743
Max PriceCA$29.89
SellCA$237,71708 Mar 19
Shane Pennell
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Operations & Shared Services
Shares7,953
Max PriceCA$29.89
SellCA$260,34408 Mar 19
Jason Appel
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Risk Officer
Shares8,710
Max PriceCA$29.89
SellCA$462,67108 Mar 19
Andrea Fiederer
EntityIndividual
Role
Head of Marketing
Executive VP & Chief Marketing Officer
Shares15,479
Max PriceCA$29.89
SellCA$763,48608 Mar 19
Jason Mullins
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares25,543
Max PriceCA$29.89
SellCA$240,58608 Mar 19
David Yeilding
EntityIndividual
Shares8,049
Max PriceCA$29.89
SellCA$90,50808 Mar 19
David Cooper
EntityIndividual
Role
Head of Human Resources
Senior Vice President of Human Resources
Shares3,028
Max PriceCA$29.89
BuyCA$18,91210 Dec 18
Shadi Khatib
EntityIndividual
Role
Chief Information Officer
Senior VP & Chief Information Officer
Shares750
Max PriceCA$25.22
BuyCA$549,84110 Dec 18
James' First Co Assets Ltd
EntityCompany
Shares21,629
Max PriceCA$26.36
BuyCA$74,19310 Dec 18
David Appel Investment Consultants Ltd
EntityCompany
Shares3,000
Max PriceCA$25.19
BuyCA$51,31410 Dec 18
David Appel
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,030
Max PriceCA$26.36
BuyCA$77,95230 Nov 18
David Appel
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,017
Max PriceCA$26.05
BuyCA$508,62030 Nov 18
James' First Co Assets Ltd
EntityCompany
Shares19,603
Max PriceCA$26.05
BuyCA$3,84423 Nov 18
David Appel
EntityIndividual
Role
Member of the Board of Directors
Director
Shares150
Max PriceCA$25.63
BuyCA$51,68023 Nov 18
David Appel Investment Consultants Ltd
EntityCompany
Shares2,000
Max PriceCA$25.84
BuyCA$73,03923 Nov 18
James' First Co Assets Ltd
EntityCompany
Shares2,850
Max PriceCA$25.63
BuyCA$21,59221 Nov 18
David Appel
EntityIndividual
Role
Member of the Board of Directors
Director
Shares850
Max PriceCA$25.40
BuyCA$410,23921 Nov 18
James' First Co Assets Ltd
EntityCompany
Shares16,150
Max PriceCA$25.40
BuyCA$75,84421 Nov 18
David Appel Investment Consultants Ltd
EntityCompany
Shares3,000
Max PriceCA$25.30
BuyCA$1,220,46518 Nov 18
David Appel
EntityIndividual
Role
Member of the Board of Directors
Director
Shares45,107
Max PriceCA$27.71
BuyCA$12,87318 Nov 18
David Yeilding
EntityIndividual
Shares500
Max PriceCA$25.75
BuyCA$1,170,65318 Nov 18
James' First Co Assets Ltd
EntityCompany
Shares43,563
Max PriceCA$27.32
BuyCA$325,31718 Nov 18
David Appel Investment Consultants Ltd
EntityCompany
Shares11,755
Max PriceCA$27.76
BuyCA$728,50815 Nov 18
Donald Johnson
EntityIndividual
Role
Chairman Emeritus
Chairman Emeritus & Lead Director
Shares27,391
Max PriceCA$26.62
BuyCA$10,88315 Nov 18
David Ingram
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares400
Max PriceCA$27.21
BuyCA$51,44715 Nov 18
Susan Doniz
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,900
Max PriceCA$27.66
BuyCA$27,41714 Nov 18
Karen Basian
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceCA$27.42
BuyCA$41,04813 Nov 18
Steven Poole
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Operations & Merchandising
Shares1,500
Max PriceCA$27.37
BuyCA$43,53412 Nov 18
David Ingram
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares1,600
Max PriceCA$27.21
BuyCA$27,41012 Nov 18
Shane Pennell
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Operations & Shared Services
Shares1,000
Max PriceCA$27.41
BuyCA$13,74912 Nov 18
Jason Appel
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Risk Officer
Shares500
Max PriceCA$27.50
BuyCA$20,42212 Nov 18
Andrea Fiederer
EntityIndividual
Role
Head of Marketing
Executive VP & Chief Marketing Officer
Shares750
Max PriceCA$27.23
BuyCA$54,82112 Nov 18
Jason Mullins
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares2,000
Max PriceCA$27.41
BuyCA$6,77612 Sep 18
Jason Appel
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Risk Officer
Shares200
Max PriceCA$33.88

Ownership Breakdown


Management Team

  • David Ingram (53yo)

    Executive Chairman

    • Tenure: 0.6yrs
    • Compensation: CA$2.44m
  • Jason Mullins

    President & CEO

    • Tenure: 0.6yrs
    • Compensation: CA$1.57m
  • Andrea Fiederer

    Executive VP & Chief Marketing Officer

    • Tenure: 4.6yrs
    • Compensation: CA$784.52k
  • Jason Appel

    Executive VP & Chief Risk Officer

    • Tenure: 4.6yrs
    • Compensation: CA$500.91k
  • Shane Pennell

    Senior Vice President of Operations & Shared Services

    • Tenure: 4.6yrs
  • Shadi Khatib

    Senior VP & Chief Information Officer

    • Tenure: 3.6yrs
    • Compensation: CA$551.14k
  • Anzini Sabrina

    Senior Vice President - Legal & Corporate Affairs

    • Tenure: 0.0yrs
  • Steven Poole

    Senior Vice President of Operations & Merchandising

    • Tenure: 1.6yrs
  • David Cooper

    Senior Vice President of Human Resources

    • Tenure: 0.0yrs
  • Hal Khouri

    CFO & Executive VP

    • Tenure: 0.0yrs

Board Members

  • Karen Basian (56yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: CA$135.60k
  • David Ingram (53yo)

    Executive Chairman

    • Tenure: 0.6yrs
    • Compensation: CA$2.44m
  • Don Johnson (83yo)

    Chairman Emeritus & Lead Director

    • Tenure: 0.6yrs
    • Compensation: CA$204.47k
  • David Thomson (79yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: CA$147.75k
  • Sean Morrison (49yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: CA$120.65k
  • Susan Doniz (49yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: CA$118.53k
  • David Appel (77yo)

    Director

    • Tenure: 9.0yrs
    • Compensation: CA$169.94k

Company Information

goeasy Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: goeasy Ltd.
  • Ticker: 1ES
  • Exchange: DB
  • Founded: 1990
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: CA$777.014m
  • Listing Market Cap: CA$526.770m
  • Shares outstanding: 14.42m
  • Website: https://www.goeasy.com

Number of Employees


Location

  • goeasy Ltd.
  • 33 City Centre Drive
  • Suite 510
  • Mississauga
  • Ontario
  • L5B 2N5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSYTSX (The Toronto Stock Exchange)YesCommon SharesCACADNov 1993
EHME.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 1993
1ESDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1993

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 22:26
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.