Goeasy Stock Cash Per Share

GSY Stock  CAD 171.70  0.83  0.49%   
goeasy fundamentals help investors to digest information that contributes to Goeasy's financial success or failures. It also enables traders to predict the movement of Goeasy Stock. The fundamental analysis module provides a way to measure Goeasy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Goeasy stock.
Last ReportedProjected for Next Year
Cash Per Share 8.57  9.00 
As of the 4th of December 2024, Cash Per Share is likely to grow to 9.00.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

goeasy Company Cash Per Share Analysis

Goeasy's Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.

Cash Per Share

 = 

Total Cash

Average Shares

More About Cash Per Share | All Equity Analysis

Current Goeasy Cash Per Share

    
  10.07 X  
Most of Goeasy's fundamental indicators, such as Cash Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, goeasy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Goeasy Cash Per Share Driver Correlations

Understanding the fundamental principles of building solid financial models for Goeasy is extremely important. It helps to project a fair market value of Goeasy Stock properly, considering its historical fundamentals such as Cash Per Share. Since Goeasy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Goeasy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Goeasy's interrelated accounts and indicators.
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
Competition

Goeasy Common Stock Shares Outstanding

Common Stock Shares Outstanding

11.19 Million

At this time, Goeasy's Common Stock Shares Outstanding is very stable compared to the past year.
In accordance with the recently published financial statements, goeasy has a Cash Per Share of 10.07 times. This is 71.97% lower than that of the Consumer Finance sector and 11.74% lower than that of the Financials industry. The cash per share for all Canada stocks is 101.0% lower than that of the firm.

Goeasy Cash Per Share Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Goeasy's direct or indirect competition against its Cash Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Goeasy could also be used in its relative valuation, which is a method of valuing Goeasy by comparing valuation metrics of similar companies.
Goeasy is currently under evaluation in cash per share category among its peers.

Goeasy Fundamentals

About Goeasy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze goeasy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Goeasy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of goeasy based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Goeasy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Goeasy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Goeasy will appreciate offsetting losses from the drop in the long position's value.

Moving against Goeasy Stock

  0.58FFH-PD Fairfax FinancialPairCorr
  0.54FFH-PF Fairfax FinancialPairCorr
  0.53FFH-PH Fairfax FinancialPairCorr
  0.53FFH-PE Fairfax FinancialPairCorr
  0.53FFH-PI Fairfax FinancialPairCorr
The ability to find closely correlated positions to Goeasy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goeasy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Goeasy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling goeasy to buy it.
The correlation of Goeasy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Goeasy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if goeasy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Goeasy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Goeasy Stock

Goeasy financial ratios help investors to determine whether Goeasy Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Goeasy with respect to the benefits of owning Goeasy security.