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Assessing goeasy’s (TSX:GSY) Valuation as CEO Succession Plan Shifts Leadership to Patrick Ens

Simply Wall St · 1d ago

goeasy (TSX:GSY) is back in focus after announcing a planned CEO handoff, with Dan Rees stepping down for health reasons and easyfinancial President Patrick Ens set to take the reins on January 1, 2026.

See our latest analysis for goeasy.

The leadership announcement lands after a rough stretch for the stock, with the 30 day share price return at minus 23.79 percent and the 1 year total shareholder return at minus 23.97 percent. This suggests momentum has clearly cooled despite still positive three year total shareholder returns.

If this kind of leadership driven story has you rethinking where growth and risk might be better balanced, it could be worth exploring fast growing stocks with high insider ownership.

With earnings still growing briskly and the shares trading at a steep discount to analyst targets, investors now face a key question: Is goeasy quietly undervalued, or is the market already pricing in its next chapter of growth?

Most Popular Narrative Narrative: 39.4% Undervalued

With goeasy last closing at CA$123.28 against a narrative fair value of CA$203.40, the story points to a sizable upside if assumptions hold.

Expansion of secured lending, diversification into new verticals (e.g., auto, home equity, point of sale), and growth in ancillary product sales are increasing average loan size and attachment rates, benefiting revenue and supporting margin resilience despite regulatory rate caps.

Read the complete narrative.

Curious how rapid top line growth, thinner margins, and a lower future earnings multiple can still add up to such a rich fair value? The full narrative breaks down the aggressive revenue ramp, the step down in profitability, and the surprisingly conservative valuation multiple that still supports this upside case.

Result: Fair Value of $203.40 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this upside case could unravel if credit losses climb faster than expected, or if regulatory scrutiny further tightens limits on non prime lending.

Find out about the key risks to this goeasy narrative.

Build Your Own goeasy Narrative

If this story does not quite fit your view or you would rather test the numbers yourself, you can build a complete narrative in under three minutes: Do it your way.

A great starting point for your goeasy research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.