Propel Holdings Inc PRLPF

Primary Symbol: T.PRL

Propel Holdings Inc. is a Canada-based financial technology (fintech) company. The Company’s operating brands include Fora Credit, CreditFresh and MoneyKey, and its lending-as-a-service product line facilitates access to credit for consumers underserved by traditional financial institutions. Through its innovative artificial intelligence (AI)-driven platform, the Company evaluates customers in a more comprehensive way than traditional credit scores can. The Company enables access to credit through two types of credit products on its platform, such as Installment Loans and Lines of Credit. It is engaged in providing lending related services to borrowers, banks, and other institutions in the United States (US) and Canada. The Company, through its MoneyKey brand, offers either installment loans or lines of credit to customers in several US states. The Company, through its CreditFresh brand, operates as a bank servicer which provides marketing, technology, and loan services.

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Propel Holdings Inc

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Post by Torontojayon Aug 19, 2024 10:03am

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Post# 36185733

Adjusted diluted eps and forward P/E

Here are the adjusted diluted eps results for the last 4 fiscal quarters:

Q2 2024 - $0.57
Q1 2024 - $0.56
Q4 2023 - $0.4
Q3 2023 - $ 0.31

The current P/E ratio using adjusted figures is 14.1. If we annualize the latest quarter we get a conservative forward P/E ratio of 11.39. Given the growth characteristics and a reasonable P/E ratio, I believe there is plenty of upside ahead for this company.

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