Added to YB: 2026-10-08
Pitch date: 2026-10-06
GSY.TO [neutral]
goeasy Ltd.
+3.56%
current return
Author Info
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Company Info
goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada.
Market Cap
CAD 690.6M
Pitch Price
CAD 42.43
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-2.05
EV/Sales
N/A
Sector
Consumer Finance
Category
turnaround
goeasy (TSX: GSY): The Short Seller Was Right. Now Comes the Harder Question.
GSY.TO (update): goeasy’s apparent 3x trailing P/E was a value trap: FY26 consensus EPS is now −C$1.06, making 0.87x book the more relevant anchor. The company confirmed that delinquencies and charge-offs had been understated, while direct-to-consumer charge-offs remain 17% annualized. Credit and costs are improving, but at C$43 the C$48 average target offers only ~11% upside and the securitization facility remains off.
Read full article (2 min)