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goeasy
(TSX:GSY)
goeasy (GSY) vs. S&P 500 (SPY)
goeasy Business Overview & Revenue Model
goeasy Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 1.52B | 1.25B | 1.02B | 826.72M | 652.92M | Gross Profit |
| 1.05B | 851.59M | 795.88M | 622.03M | 472.24M | EBIT |
| 609.66M | 476.52M | 583.07M | 450.26M | 343.34M | EBITDA |
| 918.96M | 591.65M | 664.38M | 529.15M | 408.06M | Net Income Common Stockholders |
| 283.11M | 247.90M | 140.16M | 244.94M | 136.50M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 251.38M | 144.58M | 32.45M | 82.88M | 62.95M | Total Assets |
| 5.19B | 4.16B | 3.30B | 2.60B | 1.50B | Total Debt |
| 3.69B | 2.89B | 2.30B | 1.62B | 941.65M | Net Debt |
| 3.44B | 2.77B | 2.27B | 1.54B | 878.70M | Total Liabilities |
| 3.99B | 3.11B | 2.43B | 1.81B | 1.06B | Stockholders Equity |
| 1.20B | 1.05B | 869.69M | 789.91M | 443.51M |
| Cash Flow | Free Cash Flow | |||
| -488.61M | -490.58M | -533.77M | -106.32M | 45.74M | Operating Cash Flow |
| -469.45M | -473.22M | -505.88M | -78.88M | 74.41M | Investing Cash Flow |
| 3.52M | -11.75M | -42.49M | -210.63M | -28.67M | Financing Cash Flow |
| 572.73M | 566.89M | 508.55M | 298.94M | 973.00K |
goeasy Technical Analysis
goeasy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$1.15B | 16.69 | 32.69% | 1.82% | 44.34% | 65.62% | |
75 Outperform | $2.33B | 9.22 | 23.56% | 3.44% | 18.04% | 2.48% | |
68 Neutral | C$514.88M | 10.15 | 9.58% | 8.33% | -1.56% | -9.70% | |
65 Neutral | C$790.01M | ― | 6.65% | 1.32% | 54.95% | ― | |
64 Neutral | $12.60B | 9.73 | 7.92% | 16985.68% | 12.21% | -5.61% | |
57 Neutral | C$2.23B | 12.77 | 24.01% | 6.53% | 13.85% | -33.76% | |
48 Neutral | C$26.96M | ― | -3.81% | ― | 4.20% | 78.55% |
goeasy Earnings Call Summary
goeasy Corporate Events
goeasy Ltd. announced the election of its board of directors during the Annual General and Special Meeting of Shareholders. All nominated directors were successfully elected, reflecting strong shareholder support. This election is a significant step in reinforcing goeasy’s leadership and strategic direction as it continues to focus on providing financial services to non-prime Canadians. The company is well-positioned in the industry with a stable credit rating and a commitment to community support, having raised over $6.5 million for charitable causes.
Spark’s Take on TSE:GSY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GSY is a Outperform.
goeasy Ltd. is well-positioned for growth with a strong financial performance, marked by impressive revenue and profitability metrics. The stock is attractively valued, offering a reasonable P/E ratio and substantial dividend yield. Positive earnings call sentiment and strategic corporate developments such as leadership changes and financing efforts further enhance the growth outlook. However, high leverage and cash flow challenges remain key risks that investors should monitor.
To see Spark’s full report on TSE:GSY stock, click here.
goeasy Ltd. reported its first-quarter results, showcasing a 24% increase in its loan portfolio to $4.79 billion and a 10% rise in revenue to $392 million. Despite a slight decline in loan originations and a decrease in net income, the company maintained stable credit performance and improved its funding capacity to support future growth. The results reflect the resilience of goeasy’s business model amid macroeconomic uncertainties, with strategic moves to optimize product, pricing, and collections.
Spark’s Take on TSE:GSY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GSY is a Outperform.
goeasy’s overall stock score reflects strong financial performance with notable growth in revenue and profitability. While the company faces risks from high leverage and cash flow challenges, its attractive valuation and positive earnings call outlook bolster the score. The appointment of a new CEO and successful debt financing further support strategic growth initiatives.
To see Spark’s full report on TSE:GSY stock, click here.
goeasy Ltd. announced it will release its first quarter 2025 financial results on May 7, 2025, followed by a conference call for analysts and investors on May 8, 2025. This announcement is part of goeasy’s ongoing efforts to maintain transparency and engagement with stakeholders, reflecting its stable financial outlook and commitment to growth in the non-prime lending market.
Spark’s Take on TSE:GSY Stock
According to Spark, TipRanks’ AI Analyst, TSE:GSY is a Outperform.
goeasy demonstrates strong financial and operational performance, with robust revenue and profit growth. The company faces challenges with high leverage and cash flow issues but shows potential for undervaluation given its P/E ratio and dividend yield. Recent earnings call highlights, including growth in loan originations and strategic initiatives, enhance its outlook.
To see Spark’s full report on TSE:GSY stock, click here.
goeasy Ltd. has been recognized on the 2025 Best Workplaces in Canada list for the second consecutive year, highlighting its commitment to an employee-centric and inclusive culture. This recognition, based on direct employee feedback, underscores goeasy’s investment in creating a supportive environment where employees can thrive, as evidenced by a record-high engagement score and additional accolades for being a top workplace for women and having trusted executive teams. The acknowledgment reinforces goeasy’s strategy of investing in its workforce to drive customer satisfaction and business success.
goeasy Ltd. has successfully closed a US$400 million offering of senior unsecured notes due in 2030, with a currency swap agreement reducing the borrowing cost to 6.03% annually. The proceeds will be used to partially repay secured facilities and support the company’s organic growth plans, increasing its total funding capacity to $2.2 billion, thereby strengthening its financial position and capacity for expansion.
goeasy Ltd. has announced the pricing of US$400 million in senior unsecured notes due in 2030, with an interest rate of 7.375%. The proceeds, estimated to be approximately C$566.4 million, will be used to partially repay existing debt and for general corporate purposes. The offering is expected to close on April 1, 2025, and includes a currency swap to manage exchange rate risks. This financial move is part of goeasy’s strategy to optimize its capital structure and strengthen its market position in the non-prime lending sector.
goeasy Ltd. announced its intention to offer US$400 million in senior unsecured notes, subject to market conditions, to partially repay its secured facilities and for general corporate purposes. The company plans to enter a currency swap agreement to fix the foreign exchange rate for the proceeds, with the notes expected to be guaranteed by certain subsidiaries. This move is part of goeasy’s strategy to strengthen its financial position and maintain its growth trajectory in the consumer lending industry.
goeasy Ltd. has appointed Dan Rees as its new Chief Executive Officer, marking the first time in 25 years that an external candidate has been chosen for this role. Rees, who has a 25-year career at Scotiabank, brings extensive experience in business transformation and growth, which aligns with goeasy’s ambitions to expand its loan portfolio significantly by 2027. His leadership is expected to drive goeasy’s strategic initiatives, including product expansion and operational efficiency, ultimately enhancing shareholder value.
goeasy Ltd. reported record financial results for the fourth quarter and full year ending December 31, 2024, highlighting significant growth in loan originations and revenue. The company’s loan portfolio grew by 26% to $4.60 billion, driven by a notable increase in credit applications. Revenue for the quarter reached a record $405 million, marking a 20% increase from the previous year. Despite a slight increase in the net charge-off rate, the company maintained stable credit performance and increased its dividend per share by 25%, indicating strong financial health and positive future prospects.