Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

goeasy

DB:1ES
Snowflake Description

Exceptional growth potential established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1ES
DB
CA$496M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

goeasy Ltd. provides loans and other financial services to consumers in Canada. The last earnings update was 58 days ago. More info.


Add to Portfolio Compare Print
  • goeasy has significant price volatility in the past 3 months.
1ES Share Price and Events
7 Day Returns
18.9%
DB:1ES
2.6%
Europe Consumer Finance
7.2%
DE Market
1 Year Returns
-16%
DB:1ES
-48.8%
Europe Consumer Finance
-14.3%
DE Market
1ES Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
goeasy (1ES) 18.9% -27.6% -49.6% -16% - -
Europe Consumer Finance 2.6% -26.7% -41.8% -48.8% -64.4% -64.9%
DE Market 7.2% -3.5% -22% -14.3% -19.9% -25.7%
1 Year Return vs Industry and Market
  • 1ES outperformed the Consumer Finance industry which returned -48.8% over the past year.
  • 1ES underperformed the Market in Germany which returned -14.3% over the past year.
Price Volatility
1ES
Industry
5yr Volatility vs Market

1ES Value

 Is goeasy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of goeasy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for goeasy.

DB:1ES Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$30.42 * 17.2%
CA$5.24
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. CA$30.42
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1ES
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.676 (1 + (1- 26.5%) (187.12%))
1.405
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.405 * 5.44%)
7.25%

Discounted Cash Flow Calculation for DB:1ES using Excess Returns Model Model

The calculations below outline how an intrinsic value for goeasy is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:1ES Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (17.2% – 7.25%) * CA$30.42)
CA$3.03
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$3.03 / (7.25% - -0.39%)
CA$39.68
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$30.42 + CA$39.68
CA$70.1
DB:1ES Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1ES represents 0.63158x of TSX:GSY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.63158x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 70.10 x 0.63158
€44.28
Value per share (EUR) From above. €44.28
Current discount Discount to share price of €25.20
= -1 x (€25.20 - €44.28) / €44.28
43.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price goeasy is available for.
Intrinsic value
43%
Share price is €25.2 vs Future cash flow value of €44.28
Current Discount Checks
For goeasy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • goeasy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • goeasy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for goeasy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are goeasy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1ES PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$4.40
TSX:GSY Share Price ** TSX (2020-04-09) in CAD CA$39.9
Europe Consumer Finance Industry PE Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 5.59x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 17.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of goeasy.

DB:1ES PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:GSY Share Price ÷ EPS (both in CAD)

= 39.9 ÷ 4.40

9.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • goeasy is overvalued based on earnings compared to the Europe Consumer Finance industry average.
  • goeasy is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does goeasy's expected growth come at a high price?
Raw Data
DB:1ES PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
32.9%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.48x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:1ES PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.07x ÷ 32.9%

0.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • goeasy is good value based on expected growth next year.
Price based on value of assets
What value do investors place on goeasy's assets?
Raw Data
DB:1ES PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$23.17
TSX:GSY Share Price * TSX (2020-04-09) in CAD CA$39.9
Europe Consumer Finance Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Finance Companies 0.77x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.5x
DB:1ES PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:GSY Share Price ÷ Book Value per Share (both in CAD)

= 39.9 ÷ 23.17

1.72x

* Primary Listing of goeasy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • goeasy is overvalued based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess goeasy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. goeasy has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1ES Future Performance

 How is goeasy expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
32.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is goeasy expected to grow at an attractive rate?
  • goeasy's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • goeasy's earnings growth is expected to exceed the Germany market average.
  • goeasy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1ES Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1ES Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 32.9%
DB:1ES Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 30.4%
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 8.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1ES Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1ES Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 755 -5 131 3
2020-12-31 691 -86 107 4
2020-04-10
DB:1ES Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 394 -156 64
2019-09-30 379 -166 74
2019-06-30 365 -146 68
2019-03-31 353 -174 60
2018-12-31 340 -212 53
2018-09-30 329 -186 43
2018-06-30 323 -185 40
2018-03-31 312 -128 37
2017-12-31 305 -89 36
2017-09-30 295 -96 39
2017-06-30 286 -66 32
2017-03-31 283 -39 34

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • goeasy's earnings are expected to grow significantly at over 20% yearly.
  • goeasy's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1ES Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from goeasy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1ES Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 8.35 8.35 8.34 2.00
2020-12-31 6.84 6.86 6.81 2.00
2020-04-10
DB:1ES Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 4.40
2019-09-30 5.01
2019-06-30 4.69
2019-03-31 4.22
2018-12-31 3.78
2018-09-30 3.10
2018-06-30 2.92
2018-03-31 2.72
2017-12-31 2.67
2017-09-30 2.90
2017-06-30 2.40
2017-03-31 2.52

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • goeasy is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess goeasy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
goeasy has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1ES Past Performance

  How has goeasy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare goeasy's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • goeasy has delivered over 20% year on year earnings growth in the past 5 years.
  • goeasy's 1-year earnings growth is less than its 5-year average (21.1% vs 25.6%)
  • goeasy's earnings growth has exceeded the Europe Consumer Finance industry average in the past year (21.1% vs 18.5%).
Earnings and Revenue History
goeasy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from goeasy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1ES Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 394.08 64.35 188.67
2019-09-30 379.20 73.55 187.22
2019-06-30 365.08 68.07 184.02
2019-03-31 352.65 60.32 184.87
2018-12-31 339.92 53.12 186.29
2018-09-30 329.16 42.60 189.57
2018-06-30 322.92 39.87 185.44
2018-03-31 311.69 36.94 177.65
2017-12-31 305.26 36.13 168.73
2017-09-30 295.25 39.11 153.44
2017-06-30 286.09 32.43 148.88
2017-03-31 282.97 34.07 144.91
2016-12-31 273.79 31.05 142.20
2016-09-30 268.93 30.24 139.26
2016-06-30 263.74 31.56 137.52
2016-03-31 252.90 26.06 133.58
2015-12-31 247.01 23.73 132.65
2015-09-30 242.59 23.31 131.62
2015-06-30 235.18 20.52 128.99
2015-03-31 230.74 20.04 126.15
2014-12-31 226.09 19.75 121.51
2014-09-30 217.64 16.97 115.74
2014-06-30 211.11 17.32 110.48
2014-03-31 204.89 15.90 106.61
2013-12-31 198.38 14.18 103.54
2013-09-30 193.90 13.61 102.40
2013-06-30 191.07 12.43 114.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • goeasy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • goeasy used its assets less efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if goeasy improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess goeasy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
goeasy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1ES Health

 How is goeasy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up goeasy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • goeasy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • goeasy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of goeasy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from goeasy Company Filings, last reported 3 months ago.

DB:1ES Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 332.42 875.56 80.64
2019-09-30 337.54 796.13 87.93
2019-06-30 319.32 686.08 39.65
2019-03-31 301.55 689.00 91.45
2018-12-31 301.53 691.06 135.28
2018-09-30 251.32 674.87 141.45
2018-06-30 231.43 518.39 23.56
2018-03-31 220.10 471.96 57.29
2017-12-31 228.24 460.32 109.37
2017-09-30 224.09 323.55 22.37
2017-06-30 211.86 322.24 44.83
2017-03-31 203.57 276.28 24.19
2016-12-31 196.03 263.29 24.93
2016-09-30 188.07 248.65 29.75
2016-06-30 186.17 235.92 20.49
2016-03-31 179.72 223.02 18.27
2015-12-31 176.06 211.72 11.39
2015-09-30 168.83 197.52 22.26
2015-06-30 164.31 155.22 4.79
2015-03-31 159.23 136.62 0.33
2014-12-31 153.97 121.60 1.17
2014-09-30 147.15 99.70 6.06
2014-06-30 143.79 74.04 0.29
2014-03-31 140.01 70.04 5.33
2013-12-31 135.63 61.37 2.33
2013-09-30 112.80 58.65 1.80
2013-06-30 109.78 54.16 4.73
  • goeasy's level of debt (263.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (79.1% vs 263.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on goeasy's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess goeasy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. goeasy has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1ES Dividends

 What is goeasy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.51%
Current annual income from goeasy dividends. Estimated to be 5.32% next year.
If you bought €2,000 of goeasy shares you are expected to receive €90 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • goeasy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.57%).
  • goeasy's dividend is below the markets top 25% of dividend payers in Germany (4.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1ES Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 6.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1ES Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.62 1.00
2021-12-31 2.27 2.00
2020-12-31 1.73 2.00
2020-04-10
DB:1ES Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-02-12 1.800 4.092
2019-11-04 1.240 1.804
2019-08-07 1.240 2.201
2019-05-07 1.240 2.362
2019-02-13 1.240 2.757
2018-11-07 0.900 2.345
2018-08-07 0.900 1.836
2018-05-01 0.900 2.186
2018-02-20 0.900 2.413
2017-11-06 0.720 2.011
2017-11-01 0.720 2.185
2017-08-01 0.720 2.512
2017-02-15 0.720 2.356
2016-11-03 0.500 1.981
2016-08-02 0.500 2.245
2016-05-02 0.500 2.750
2016-02-17 0.500 2.630
2015-11-03 0.400 2.118
2015-07-30 0.400 2.447
2015-05-04 0.400 2.063
2015-02-18 0.400 1.865
2014-08-05 0.340 1.580
2014-05-08 0.340 1.660
2014-05-07 0.340 1.780
2013-11-06 0.340 2.056
2013-08-08 0.340 2.439
2013-03-11 0.340 3.314
2012-08-14 0.340 4.260
2012-05-07 0.340 5.166
2012-03-05 0.340 4.644
2011-11-09 0.340 5.403
2011-08-03 0.340 4.821
2011-05-31 0.340 4.386
2011-03-29 0.340 3.944
2010-11-16 0.340 3.766
2010-08-05 0.340 3.239
2010-04-30 0.340 3.969
2010-03-09 0.340 4.276
2009-11-10 0.340 4.214
2009-08-11 0.340 3.728
2009-05-07 0.340 3.820

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of goeasy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess goeasy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can goeasy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. goeasy has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1ES Management

 What is the CEO of goeasy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jason Mullins
COMPENSATION CA$1,566,576
TENURE AS CEO 1.3 years
CEO Bio

Mr. Jason Mullins serves as the President of goeasy Ltd. since April 2, 2018 and serves as its Chief Executive Officer since January 1, 2019 and served as Chief Operating Officer until December 31, 2018. Mr. Mullis served as an Executive Vice President at goeasy Ltd. from January 05, 2015 to April 2018. Mr. Mullins has 10 years of financial services experience. Mr. Mullis served as the Senior Vice President of Easyfinancial Services Operations at goeasy Ltd. since April 2011. Previously, Mr. Mullis served as the Vice President of Operations and New Business Development at goeasy Ltd. Mr. Mullins joined goeasy Ltd. in August 2010 from Mogo Financial, where he served as a Vice President of Sales and Operations and held previous management roles at CIBC as well as Allied International Credit. Mr. Mullins has an MBA from the Ivey School of Business at the University of Western Ontario.

CEO Compensation
  • Jason's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Jason's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the goeasy management team in years:

2
Average Tenure
  • The tenure for the goeasy management team is about average.
Management Team

David Ingram

TITLE
Executive Chairman
COMPENSATION
CA$2M
AGE
53

Jason Mullins

TITLE
President & CEO
COMPENSATION
CA$2M
TENURE
1.3 yrs

Andrea Fiederer

TITLE
Executive VP & Chief Marketing Officer
COMPENSATION
CA$785K
TENURE
5.3 yrs

Hal Khouri

TITLE
CFO & Executive VP
TENURE
0.7 yrs

Anzini Sabrina

TITLE
Senior Vice President of Legal & Corporate Affairs
TENURE
2 yrs

David Cooper

TITLE
Senior Vice President of Human Resources
TENURE
2 yrs

Jason Appel

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
CA$501K
TENURE
5.3 yrs

Shane Pennell

TITLE
Senior Vice President
TENURE
5.3 yrs

Steven Poole

TITLE
Senior Vice President
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the goeasy board of directors in years:

3.9
Average Tenure
54.5
Average Age
  • The tenure for the goeasy board of directors is about average.
Board of Directors

Don Johnson

TITLE
Chairman Emeritus & Lead Director
COMPENSATION
CA$204K
AGE
83
TENURE
1.3 yrs

David Ingram

TITLE
Executive Chairman
COMPENSATION
CA$2M
AGE
53
TENURE
1.3 yrs

David Appel

TITLE
Independent Director
COMPENSATION
CA$170K
AGE
77
TENURE
9.7 yrs

Karen Basian

TITLE
Independent Director
COMPENSATION
CA$136K
AGE
56
TENURE
5.4 yrs

Sean Morrison

TITLE
Independent Director
COMPENSATION
CA$121K
AGE
49
TENURE
8.3 yrs

Susan Doniz

TITLE
Independent Director
COMPENSATION
CA$119K
AGE
49
TENURE
3.9 yrs

James Moore

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • goeasy individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Mar 20 Buy Andrea Fiederer Individual 17. Mar 20 17. Mar 20 500 €24.27 €12,135
17. Mar 20 Buy Sean Morrison Individual 09. Mar 20 09. Mar 20 500 €35.34 €17,670
16. Mar 20 Buy Jason Appel Individual 16. Mar 20 16. Mar 20 1,500 €27.26 €40,890
16. Mar 20 Buy Jason Mullins Individual 16. Mar 20 16. Mar 20 600 €27.37 €16,421
13. Mar 20 Buy David Cooper Individual 12. Mar 20 12. Mar 20 197 €32.09 €6,321
12. Mar 20 Buy Steven Poole Individual 12. Mar 20 12. Mar 20 1,000 €31.40 €31,403
12. Mar 20 Buy Jason Appel Individual 12. Mar 20 12. Mar 20 100 €32.09 €3,209
11. Mar 20 Buy Hal Khouri Individual 11. Mar 20 11. Mar 20 3,450 €36.08 €123,798
11. Mar 20 Sell David Cooper Individual 11. Mar 20 11. Mar 20 -1,086 €47.05 €-51,092
11. Mar 20 Sell Steven Poole Individual 11. Mar 20 11. Mar 20 -2,463 €47.05 €-115,875
11. Mar 20 Sell Shane Pennell Individual 11. Mar 20 11. Mar 20 -4,323 €47.05 €-203,380
11. Mar 20 Sell Jason Appel Individual 11. Mar 20 11. Mar 20 -4,741 €47.05 €-223,046
11. Mar 20 Sell Andrea Fiederer Individual 11. Mar 20 11. Mar 20 -9,940 €47.05 €-467,638
11. Mar 20 Buy Andrea Fiederer Individual 09. Mar 20 09. Mar 20 500 €36.54 €18,268
11. Mar 20 Sell Jason Mullins Individual 11. Mar 20 11. Mar 20 -11,738 €47.05 €-552,227
11. Mar 20 Buy Jason Mullins Individual 10. Mar 20 10. Mar 20 400 €38.13 €15,252
11. Mar 20 Sell David Ingram Individual 11. Mar 20 11. Mar 20 -49,886 €47.05 €-2,346,942
10. Mar 20 Buy David Ingram Individual 10. Mar 20 10. Mar 20 1,000 €38.42 €38,425
21. Feb 20 Buy Jason Appel Individual 21. Feb 20 21. Feb 20 200 €51.21 €10,242
23. Dec 19 Sell David Ingram Individual 16. Dec 19 16. Dec 19 -5,000 €46.45 €-232,265
09. Dec 19 Buy Hal Khouri Individual 05. Dec 19 05. Dec 19 4,000 €47.15 €188,360
26. Aug 19 Buy Steven Poole Individual 26. Aug 19 26. Aug 19 1,500 €36.40 €54,483
03. Dec 19 Sell David Ingram Individual 27. Nov 19 27. Nov 19 -20,000 €46.48 €-929,573
25. Nov 19 Sell Jason Mullins Individual 25. Nov 19 25. Nov 19 -750 €44.98 €-33,736
21. Nov 19 Buy Hal Khouri Individual 21. Nov 19 21. Nov 19 3,275 €43.86 €143,647
14. Nov 19 Buy Hal Khouri Individual 13. Nov 19 14. Nov 19 7,295 €44.36 €319,182
14. Nov 19 Sell David Cooper Individual 14. Nov 19 14. Nov 19 -230 €44.41 €-10,215
08. Nov 19 Buy Jason Appel Individual 08. Nov 19 08. Nov 19 500 €43.11 €21,553
16. Aug 19 Buy Jason Appel Individual 15. Aug 19 15. Aug 19 150 €35.14 €5,222
14. Aug 19 Buy Jason Appel Individual 14. Aug 19 14. Aug 19 400 €36.33 €14,086
12. Aug 19 Buy Jason Appel Individual 12. Aug 19 12. Aug 19 200 €37.00 €7,401
17. Jun 19 Sell Jason Mullins Individual 14. Jun 19 14. Jun 19 -3,350 €34.30 €-114,913
10. Jun 19 Sell David Ingram Individual 05. Jun 19 07. Jun 19 -30,000 €33.26 €-992,926
X
Management checks
We assess goeasy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. goeasy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1ES News

Simply Wall St News

1ES Company Info

Description

goeasy Ltd. provides loans and other financial services to consumers in Canada. It also leases household products to consumers. The company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans, and secured saving loans; loan protection plans; and an optional home and auto benefits products, which offers road side assistance and a suite of other support services, as well as credit monitoring services. The Easyhome segment leases furniture, appliances, electronics, and computers. As of December 31, 2019, it operated 256 easyfinancial locations that include 33 kiosks, as well as 163 easyhome stores that include 35 franchises. The company was formerly known as easyhome Ltd. and changed its name to goeasy Ltd. in September 2015. goeasy Ltd. was founded in 1990 and is headquartered in Mississauga, Canada.

Details
Name: goeasy Ltd.
1ES
Exchange: DB
Founded: 1990
CA$325,797,436
14,327,532
Website: http://www.goeasy.com
Address: goeasy Ltd.
33 City Centre Drive,
Suite 510,
Mississauga,
Ontario, L5B 2N5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX GSY Common Shares The Toronto Stock Exchange CA CAD 12. Nov 1993
OTCPK EHME.F Common Shares Pink Sheets LLC US USD 12. Nov 1993
DB 1ES Common Shares Deutsche Boerse AG DE EUR 12. Nov 1993
Number of employees
Current staff
Staff numbers
2,006
goeasy employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/10 00:01
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/02/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.