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goeasy Ltd T.GSY

Alternate Symbol(s):  EHMEF

Financial Services Credit Services
goeasy Ltd. is a Canadian company that provides non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands. The Company's segments include easyfinancial and easyhome. The easyfinancial segment lends out capital in the form of unsecured and secured consumer loans to non-prime borrowers. easyfinancial's product offering consists of unsecured and real estate secured instalment loans. The LendCare operating segment specializes in financing consumer purchases in the powersports, automotive, retail, healthcare, and home improvement categories. The easyhome segment provides leasing services for household furniture, appliances and electronics and unsecured lending products to retail consumers. Its customers can transact seamlessly through an omnichannel model that includes online and mobile platforms, over 400 locations across Canada, and point-of-sale financing offered in the retail, powersports, automotive, home improvement, and healthcare verticals.


TSX:GSY - Post by User

goeasy Ltd > Jordan Zinberg - BNN - TOP PICK
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Post by Possibleidiot01on Jan 15, 2025 2:28pm
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Post# 36405553

Jordan Zinberg - BNN - TOP PICK

Jordan Zinberg - BNN - TOP PICK
TOP PICK

goeasy(GSY-T)

15/01/2025
goeasy
 

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)
Financial Services
 
N/A
Owned

Goeasy (GSY TSX)

Goeasy is a Canadian specialty lender that continues to demonstrate substantial growth in its loan book through expansion of its product offering. The company is now launching a credit card product, a major segment of the Canadian non-prime market that they did not operate in previously. The balance sheet is in great shape, and with a consistent track record of generating at least 20 per cent returns on equity, the current valuation at seven times 2026 earnings represents a great entry point for investors.



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