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goeasy
(TSX:GSY)
goeasy (GSY) vs. iShares MSCI Canada ETF (EWC)
goeasy Business Overview & Revenue Model
goeasy Earnings Call Summary
goeasy Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.60B | 1.52B | 1.25B | 1.02B | 826.72M | 652.92M |
| Gross Profit | 1.10B | 1.05B | 851.59M | 708.26M | 561.49M | 429.68M |
| EBITDA | 961.69M | 918.96M | 740.46M | 603.86M | 472.32M | 364.99M |
| Net Income | 284.71M | 283.11M | 247.90M | 140.16M | 244.94M | 136.50M |
Balance Sheet | ||||||
| Total Assets | 5.63B | 5.19B | 4.16B | 3.30B | 2.60B | 1.50B |
| Cash, Cash Equivalents and Short-Term Investments | 195.59M | 251.38M | 120.38M | 32.45M | 82.88M | 62.95M |
| Total Debt | 4.14B | 3.69B | 2.89B | 2.45B | 1.91B | 941.65M |
| Total Liabilities | 4.41B | 3.99B | 3.11B | 2.43B | 1.81B | 1.06B |
| Stockholders Equity | 1.21B | 1.20B | 1.05B | 869.69M | 789.91M | 443.51M |
Cash Flow | ||||||
| Free Cash Flow | -605.15M | -479.45M | -490.58M | -533.77M | -106.32M | 45.74M |
| Operating Cash Flow | -584.34M | -469.45M | -473.22M | -505.88M | -78.88M | 74.41M |
| Investing Cash Flow | 1.87M | 3.52M | -11.75M | -42.49M | -210.63M | -28.67M |
| Financing Cash Flow | 701.04M | 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | C$996.45M | 11.22 | 34.20% | 3.65% | 38.93% | 38.14% | |
68 Neutral | C$526.75M | 10.44 | 9.72% | 8.39% | -13.69% | -1.60% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $1.92B | 8.62 | 18.88% | 4.64% | 13.69% | -16.06% | |
60 Neutral | C$2.88B | 15.67 | 27.73% | 6.40% | 24.34% | 13.13% | |
59 Neutral | C$779.72M | -3,462.50 | 5.73% | 1.32% | 27.37% | ― | |
44 Neutral | C$25.68M | -5.30 | -8.15% | ― | -19.88% | 26.76% |
goeasy Corporate Events
Goeasy Ltd., a prominent Canadian consumer lender, specializes in offering financial services to individuals with near to non-prime credit scores through its brands like easyfinancial and easyhome. The company operates across various sectors including unsecured lending, home equity lending, and automotive financing.
The recent earnings call for Goeasy (OTC) highlighted a balanced sentiment, characterized by robust financial achievements tempered by certain economic challenges. The company celebrated record revenue and successful financing endeavors, yet faced hurdles such as a decline in earnings per share (EPS) and macroeconomic headwinds.
goeasy Ltd. reported strong third-quarter results with a 13% increase in loan originations to $946 million and a 24% growth in its loan portfolio to $5.44 billion. Despite a challenging economic climate, the company achieved a record revenue of $440 million, up 15% from the previous year. However, net income decreased by 61% due to a non-cash fair value change on prepayment options related to notes payable. The company remains optimistic about its long-term potential, supported by increased provisions and a focus on cash collections amid persistent macroeconomic challenges.
The most recent analyst rating on (TSE:GSY) stock is a Buy with a C$225.00 price target. To see the full list of analyst forecasts on goeasy stock, see the TSE:GSY Stock Forecast page.
goeasy Ltd. announced the renewal of its revolving securitization warehouse facility, maintaining its capacity at $1.4 billion with similar terms. The facility, backed by consumer loans, involves a lending syndicate of three large Canadian banks and has a new maturity date set for October 30, 2026. The renewal ensures goeasy’s continued ability to support its financial services offerings, reinforcing its position in the consumer lending market and providing stability for its stakeholders.
The most recent analyst rating on (TSE:GSY) stock is a Hold with a C$194.00 price target. To see the full list of analyst forecasts on goeasy stock, see the TSE:GSY Stock Forecast page.
goeasy Ltd. announced it will release its third quarter 2025 financial results on November 5, 2025, followed by a conference call for analysts and investors on November 6, 2025. This announcement is part of goeasy’s ongoing efforts to maintain transparency with stakeholders and could potentially impact its market positioning by providing insights into its financial performance and strategic direction.
The most recent analyst rating on (TSE:GSY) stock is a Hold with a C$194.00 price target. To see the full list of analyst forecasts on goeasy stock, see the TSE:GSY Stock Forecast page.
goeasy Ltd. has appointed Felix Wu as the Interim Chief Financial Officer, following the announcement of current CFO Hal Khouri’s upcoming departure. Wu brings over 20 years of financial and operational experience, particularly in non-prime lending, and will oversee year-end reporting and the first quarter of 2026. This transition aims to ensure continuity in goeasy’s financial leadership as the company conducts a comprehensive search for a permanent CFO. Wu’s appointment is expected to support goeasy’s ongoing progress and stability, reinforcing its position in the consumer lending industry.
The most recent analyst rating on (TSE:GSY) stock is a Hold with a C$196.00 price target. To see the full list of analyst forecasts on goeasy stock, see the TSE:GSY Stock Forecast page.
goeasy Ltd. has responded to a misleading short seller report by Jehoshaphat Research, which has taken a short position in goeasy’s shares. The company refutes the report’s claims, emphasizing its confidence in the quality of its consumer loan portfolio and its commitment to transparency and disciplined risk management. goeasy highlights its financial strength, with a provision for future loan losses of over $400 million and significant revenues and net principal payments in the first half of the year. The company reaffirms its guidance and cautions shareholders against making decisions based on the short seller report.
The most recent analyst rating on (TSE:GSY) stock is a Hold with a C$196.00 price target. To see the full list of analyst forecasts on goeasy stock, see the TSE:GSY Stock Forecast page.
goeasy Ltd. announced the departure of its Chief Financial Officer, Hal Khouri, who will leave after the third quarter reporting in November 2025 to pursue a new opportunity outside Canada. Khouri has been pivotal in shaping the company’s financial strategy and enhancing shareholder value since joining in 2019. The company has initiated a search for a permanent successor and is making progress in appointing an interim CFO to ensure a smooth transition. This leadership change is expected to maintain goeasy’s strategic direction and continued growth.
The most recent analyst rating on (TSE:GSY) stock is a Buy with a C$231.00 price target. To see the full list of analyst forecasts on goeasy stock, see the TSE:GSY Stock Forecast page.
goeasy Ltd. has successfully closed an upsized offering of US$450 million and C$175 million in senior unsecured notes, reflecting strong market demand and confidence in the company’s business. The proceeds will be used to partially repay existing debt and support general corporate purposes, raising the company’s total funding capacity to C$2.3 billion. This financial maneuver is expected to bolster goeasy’s growth plans and enhance its market positioning in the consumer lending sector.
The most recent analyst rating on (TSE:GSY) stock is a Buy with a C$231.00 price target. To see the full list of analyst forecasts on goeasy stock, see the TSE:GSY Stock Forecast page.
The recent earnings call for goeasy Limited painted a picture of robust financial health and growth, despite some challenges. The company reported record growth in loan origination and revenue, alongside improved yield and operational efficiency. However, there were concerns regarding increased credit loss allowances and higher late-stage delinquencies. Overall, the sentiment was positive, highlighting a strong quarter for goeasy Limited.
goeasy Ltd. announced the pricing and upsizing of its senior unsecured notes, increasing the USD Notes to US$450 million and the CAD Notes to C$175 million. The proceeds, estimated at C$785.4 million, will be used to partially repay indebtedness and for general corporate purposes. The offering is expected to close on August 20, 2025, and includes a currency swap agreement to reduce the effective cost of borrowing. This strategic move aims to strengthen goeasy’s financial position and support its growth initiatives.
The most recent analyst rating on (TSE:GSY) stock is a Buy with a C$210.00 price target. To see the full list of analyst forecasts on goeasy stock, see the TSE:GSY Stock Forecast page.
goeasy Ltd. has announced its intention to offer US$400 million and C$100 million in senior unsecured notes, subject to market conditions. The proceeds from these notes will be used to partially repay existing indebtedness and for general corporate purposes. The notes are expected to be guaranteed by certain subsidiaries of the company. This move is part of goeasy’s strategy to strengthen its financial position and support its growth initiatives in the consumer lending market.
The most recent analyst rating on (TSE:GSY) stock is a Buy with a C$210.00 price target. To see the full list of analyst forecasts on goeasy stock, see the TSE:GSY Stock Forecast page.
Goeasy Ltd., a prominent Canadian consumer lender, specializes in providing financial services to individuals with near to non-prime credit scores through its easyhome, easyfinancial, and LendCare brands. The company operates across various sectors, including unsecured lending, automotive financing, and point-of-sale financing, supported by a robust omni-channel model.