RE: RE: Analyst Recommendation Luminous, the thing missing to really understand HCG is that contrary to the other canadian banks, owner has to put more in down payment , which brings risk lower to HCG on top of higher margin du to better rates.
If you look at the orange line (the earnings per year), you'll see that even in the 2008 era earning still went their normal course while the stock price was in fear... great buying opportunity!
HCG is clearly undervalued.
| YEAR | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | | FAST FACTS Current: 05/10/2013 Price: 50.79 P/E: 7.9 Div Yld: 2.0% <== Color Coded Recessions Dividends Operating Earnings Growth Rate 24.8% Normal P/E Ratio 12.0 PEG x 24.8 Sub-industry Class
Thrifts & Mortgage Finance Market Cap.
1.757 Bil. 86% Debt/Cap TSX Canada CL B COM NPV SVTG | | HIGH | 2.35 | 3.23 | 5.67 | 8.00 | 17.09 | 32.85 | 41.40 | 43.00 | 42.49 | 42.05 | 43.97 | 52.91 | 60.00 | 59.88 | 61.50 | | | LOW | 1.60 | 1.55 | 2.92 | 5.35 | 7.00 | 16.38 | 27.55 | 25.00 | 30.00 | 14.30 | 15.32 | 38.02 | 39.54 | 42.00 | 55.69 | | | | | EPS | 0.28 | 0.35 | 0.49 | 0.62 | 0.88 | 1.33 | 1.80 | 1.99 | 2.62 | 3.15 | 4.19 | 5.15 | 5.48 | 6.40 | 6.40 E | | | Chg/Yr | 20% | 29% | 39% | 26% | 41% | 51% | 35% | 11% | 32% | 20% | 33% | 23% | 6% | 17% | 0% | | | DIV | 0.02 | 0.04 | 0.04 | 0.06 | 0.07 | 0.12 | 0.17 | 0.27 | 0.41 | 0.50 | 0.58 | 0.66 | 0.76 | 0.90 | 1.04 E | | |