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Propel Holdings (PRL-T)
TSE:PRL
35.67
0.11
(0.31%) 1d
Financials
Technical Analysis
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Propel Holdings (PRL-T) is a direct lender to individuals with a strong online lending business that provides small loans to consumers. The company has seen significant growth in earnings and revenues, with a high return on equity and a stable and increasing dividend. It has been recommended as a top pick by multiple experts, with a focus on solid management, strong growth prospects, and a reasonable valuation. Overall, it is seen as a high-performing company with positive momentum in the alternative lending space.
$32.990
Owned
On the back of record earnings recently reported, we reiterate PRL as a TOP PICK. Demand from consumers for credit is soaring, leading to a 40% increase in originations. Management is operating prudently as cash reserves continue to grow, while debt is reduced. It trades at 20x earnings and supports a 36% ROE. The dividend was recently increased, but is still comfortably covered with cash flow. We recommend trailing up the stop (from $20) to $24, looking to achieve $33 -- upside potential of 20%. Yield 1.2%
(Analysts’ price target is $32.95)We again reiterate this direct lender to individuals, as a TOP PICK. It trades at 20x earnings and supports a 33% ROE. The company is prudently using some cash reserves to retire debt. Recently reported earnings showed a 77% increase in net income and a record level loans that had grown by 39%. We continue to recommend a tight stop at $20, looking to achieve $32 -- upside potential over 26%. Yield 2.2%
(Analysts’ price target is $31.88)One of the largest holdings in the fund. One of the best small cap growth stocks in Canada. Doubling of profits every single year. Expecting ~20% growth going forward. ~30% ROE, with minimum leverage. Lending in the US market with small base (able to grow). Highly aligned management that is top notch. Non-prime lender - but accounting for this with higher rates. Ability to underwrite without a human - tech very strong. 2% dividend yield is safe.
We reiterate PRL, a direct lender to individuals, as a TOP PICK. It trades at 19x earnings and under 2x book, while supporting a 33% ROE. Recently reported earnings showed a 77% increase in net income and a record level loans that had grown by 39%. We continue to recommend a tight stop at $20, looking to achieve $31 -- upside potential over 30%. Yield 2.2%
(Analysts’ price target is $31.08)PRL's dividend has increased by 30% compared to the same quarter for the previous year, and much of this increase is in relation to its rising stock price. From 2021 to the end of 2023, its quarterly dividend payment was between $0.095 and $0.105, and its yield was between 5% and 6%. In late 2023 when its share price began to appreciate rapidly, its dividend yield dropped as a result, and to maintain an attractive yield PRL has been raising its dividend payment. Its yield now stands at 2.3% and has been fairly stable since early this year.
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We reiterate this lender to consumers as a TOP PICK. Recently reported earnings showed a 47% increase in revenues and 77% increase in net income. Management reported a record quarter for new loan originations. The company is prudently using some cash reserves to aggressively retire debt. It trades at 19x earnings and supports a 33% ROE. We recommend trailing up the stop (from $16) to $20, looking to achieve $31 -- upside potential of 30%. Yield 1.3%
(Analysts’ price target is $31.25)Consistently profitable, raising dividend. No bricks and mortar, works with credit unions. Uses AI to follow your tracks to get a more enhanced credit score, so it's a better predictor of a borrower's credit worthiness. We'll need to get data from a credit cycle, but so far credit quality seems to be really strong. Yield is 2.3%.
(Analysts’ price target is $31.10)Excellent business within alternative lending space. Online business very strong. Trading at low multiple - good entry place for investors. Expecting loan book to expand. Good name at reasonable valuation.
He likes and knows it really well. Management is doing an excellent job. It has doubled its profits every year for the last 3 years. It is hard to keep up this pace but it should be able to continue to have healthy growth and profits. Has a high ROC, good dividend, single digit multiples. Management and insiders own lots.
After recently reporting earnings per share growth of 65% with a 54% increase in revenues, we select PRL as a TOP PICK. We like that quarterly cash reserves are growing, while debt is repaid. The company provided loans and lines of credit to 164,000 customers last year using its AI based online platform. It trades at 15x earnings and supports a 30% ROE. We recommend setting a stop-loss at $12, looking to achieve $22 — upside potential of 48%. Yield 1.9%
(Analysts’ price target is $22.38)Done well and will continue to. Strong management, but he doesn't invest in small companies. A great company from a speculative standpoint.
Propel Holdings(PRL-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 11
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 12
Propel Holdings(PRL-T) Frequently Asked Questions
What is Propel Holdings stock symbol?
Propel Holdings is a Canadian stock, trading under the symbol PRL-T on the Toronto Stock Exchange (PRL-CT). It is usually referred to as TSX:PRL or PRL-T
Is Propel Holdings a buy or a sell?
In the last year, 12 stock analysts published opinions about PRL-T. 11 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Propel Holdings.
Is Propel Holdings a good investment or a top pick?
Propel Holdings was recommended as a Top Pick by on . Read the latest stock experts ratings for Propel Holdings.
Why is Propel Holdings 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 Propel Holdings worth watching?
12 stock analysts on Stockchase covered Propel Holdings In the last year. It is a trending stock that is worth watching.
What is Propel Holdings stock price?
On 2024-11-15, Propel Holdings (PRL-T) stock closed at a price of $35.67.
Great business. Largest position in fund. One of the best financial stocks in Canada. Online lending business (small loans to consumers). Return on equity ~30%. Trading around 10x earnings. Expecting further growth in company. Reasonable valuation with good dividend and growth prospects. Would recommend buying and holding.