goeasy Ltd. (T:GSY)
Business Focus: Personal & Car Loans
| Sector: Financials | Industry: Consumer Lending |
| Company Contact | |
| Address: | 33 City Centre Dr, 5th floor, MISSISSAUGA ON L5B 2N5 |
| Tel: | 1-905-2722788 |
| Website: | www.goeasy.com |
| IR: | See website |
| Key People | ||
| David Ingram Executive Chairman of the Board | Sabrina Anzini Senior Vice President, Chief Legal Officer | Jason Mullins President, Chief Executive Officer, Director |
| Hal Khouri Chief Financial Officer, Executive Vice President | Ali Sahap Metel President - LendCare | Jackie Foo Executive Vice President, Chief Operating Officer |
| Andrea Fiederer Executive Vice President, Chief Marketing Officer | Jason Appel Executive Vice President, Chief Risk Officer | Michael Eubanks Senior Vice President, Chief Information Officer | Farhan Ali Khan Senior Vice President, Chief Corporate Development Officer |
| Business Overview |
| goeasy Ltd. is a Canada-based company, which 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, goeasy Ltd revenues increased 23% to C$1.25B. Net income increased 77% to C$247.9M. Revenues reflect EasyFinancial segment increase of 26% to C$1.1B, EasyHome segment increase of 2% to C$153.3M. Net income benefited from EasyFinancial segment income increase of 36% to C$534.5M, EasyHome segment income increase of 7% to C$36.9M, Corporate segment loss decrease of 1% to C$94.9M. |
| Employees: | 2,463 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5,681M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,250M as of Dec 31, 2023 |
| EBITDA (TTM): | $562.85M as of Dec 31, 2023 |
| Net annual income (TTM): | $247.90M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$551.52M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,746M as of Dec 31, 2023 |
| Shares outstanding: | 16,730,164 as of Mar 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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