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goeasy (GSY-T)
TSE:GSY
168.86
1.73
(1.01%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 29 opinions in the last 12 months.
goeasy (GSY-T) is regarded as a notable player in the Canadian non-prime lending sector, showcasing strong operational performance with a consistent growth rate of around 20% annually. Despite recent challenges, including a CEO transition and concerns about the credit cycle, experts remain optimistic about the company's financial health, citing a robust balance sheet and effective risk management practices. The stock is perceived as significantly undervalued, trading at a low price-to-earnings ratio compared to its growth potential. Analysts express confidence in goeasy's expanding business model, particularly with its entry into the credit card market, which is expected to contribute positively to future earnings. Overall, the sentiment leans towards holding or buying the stock, anticipating further price appreciation.
$168.860
Owned
Recent results were quite strong. Overhangs include respected CEO retiring and concerns about economy. Some regulatory risk on maximum interest charged. Overall, great compounder. Don't focus on short-term stock moves.
Current valuation finally lets him present it as a Top Pick idea. Expanding into credit cards. Sold off last year on CEO stepping down, but former (and excellent) CEO is helping in the interim. Balance sheet in great shape. Grows 20% a year, year in and year out. Trades at 7x PE, almost a distressed multiple, great entry point. Yield is 2.7%.
(Analysts’ price target is $235.53)
Keep holding if you have it. It is performing at the operating level and should outperform in 2025. It has been going sideways and is ready to break out.
We do not really have a specific reason here. It has had no company news in more than a month. Investors may be shifting to other hotter sectors. Trump has made comments about capping interest rates. The last quarter was not a blow-out. It's been more than a year since the last dividend hike. There is a CEO transition. At less than 10X earnings, we are not particularly concerned here. The company has adapted and thrived in all sorts of challenges and economic backdrops. We think 'now' is attractive, and at $150 (close to its prior low) very attractive.
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Our PAST TOP PICK with GSY has triggered its stop at $165. To remain disciplined, we recommend covering the position at this time. Combined with our previous guidance, this will result in a net investment loss of 7%.
One of the best compounders in Canada. Tremendous management team, confident they'll find a capable CEO. Very strong operations. Organic growth rate has been good. Undemanding valuation. Well-developed risk management. Good hold for years to come.
Alternative lender. Headwind in Canada because of interest rate it's allowed to charge on loans, but those issues are mostly in the past. Instead, he's recently been buying PRL.
Following recently released earnings showing a 26% increase in operating earnings and a 16% increase in loan originations, we reiterate the leader in Canadian sub-prime loans as a TOP PICK. It currently trades at 11x earnings, 2.5x book value and supports a 25% ROE. We note that their debt is rising modestly, so we recommend trailing up the stop (from $150) to $165, looking to achieve $235 -- upside potential over 30%. Yield 2.5%
(Analysts’ price target is $235.56)The banks lending Canadian lending, but forces like immigration favour companies like this. But their CEO left suddenly. It's been a nice bet for 15 as rates declined, but now now. Wait and see. Don't sell, but it could be a buy. It will be choppy.
Management issues a concern, but company very strong. Credit lending very good. Earnings expected to grow. Price to growth very good. Would recommend buying.
Long time investor. Has owned for over 10 years. Recent share price weakness a good time to buy. Market has oversold some of the recent announcements. Expecting loan book to grow to $6 billion. $30/share earnings not out of the question. A 6x earnings multiple would imply a ~$180 share price.
It is a non-bank credit company. If you're looking for a specialty finance company there are a number of larger more mature ones out there. This one has too much volatility for him.
As one of Canada's leading non-prime lenders to consumers, we reiterate GSY as a TOP PICK. We like that cash reserves are growing, while debt is aggressively retired. It trades at 12x earnings, 2.6x book and supports a ROE of 25%. Recently reported Q2 earnings set a record for the company as credit applications rose 34%. It's dividend is backed by a payout ratio under 30% of cash flow. We recommend maintaining a stop at $150, looking to achieve $227 -- upside potential of 27%. Yield 2.4%
(Analysts’ price target is $227.14)Continues to be a super-strong company. In the face of uncertainty and adversity, continues to move higher. Earnings and dividend continue to grow. One concern is what happens if there's a significant slowdown, (as lots of their loans are unsecured)? Loan loss numbers just get better and better.
goeasy(GSY-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 14
Neutral - Hold Signals / Votes : 6
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 22
goeasy(GSY-T) Frequently Asked Questions
What is goeasy stock symbol?
goeasy is a Canadian stock, trading under the symbol GSY-T on the Toronto Stock Exchange (GSY-CT). It is usually referred to as TSX:GSY or GSY-T
Is goeasy a buy or a sell?
In the last year, 22 stock analysts published opinions about GSY-T. 14 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for goeasy.
Is goeasy a good investment or a top pick?
goeasy was recommended as a Top Pick by on . Read the latest stock experts ratings for goeasy.
Why is goeasy stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is goeasy worth watching?
22 stock analysts on Stockchase covered goeasy In the last year. It is a trending stock that is worth watching.
What is goeasy stock price?
On 2025-02-21, goeasy (GSY-T) stock closed at a price of $168.86.
One of the largest holdings in the portfolio. Unexpected resignation of the CEO has been hard on the business. Recent Q3 earnings were strong. New CEO search are expected to be announced soon. Cheap valuation at current price. Will continue to own.