GoEasy: Undervalued Growth Gem Despite Market Neglect
📊 GoEasy's earnings per share are projected to reach $20 in 2025, up significantly from $9 in 2021, yet the stock price hasn't reflected this fundamental improvement, lagging significantly below past highs.
📉 Currently trading at a low P/E ratio of 6-7x, GoEasy appears significantly undervalued compared to its historical average of ~15x and sector M&A multiples, presenting a potential rerating opportunity.
🛡️ The company demonstrated resilience by maintaining profits in 2008, and stress tests indicate only a modest (~10%) potential profit decline in a severe recession scenario, further mitigated by lower funding costs and active share buybacks.
