Added to YB: 2026-08-10
Pitch date: 2026-08-07
PRL.TO [neutral]
Propel Holdings Inc.
Author Info
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Company Info
Propel Holdings Inc., together with its subsidiaries, operates as a financial technology company. The company’s lending platform facilitates to credit products, such as installment loans and lines of credit under the MoneyKey, CreditFresh, Fora Credit, and QuidMarket brands to American consumers.
Market Cap
CAD 750.3M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.51
P/E
13.91
EV/Sales
1.61
Sector
Consumer Finance
Category
growth
Propel Holdings (TSX: PRL) - Q2 Earnings Review
PRL.TO (earnings): Q2 rev +26% to $179.6M, adj net income +29% to $24.8M, 35% adj ROE, record originations. Charge-offs improved 3rd straight qtr to 12%, yield 117%, provision flat despite 34% new-customer growth. LaaS +150%, MoneyKey BSP +75%. IFRS9 timing masks GAAP (7% vs 29% adj). Guidance implies 33-100%+ H2 growth. FY26 adj EPS ~$1.88-2.35. 12th straight dividend hike (3.5% yield). Stock +65% to C$28.72 in 5mo. Risk: DIDMCA rate-exportation litigation (Aug 18 en banc). Insider trims minor.
Read full article (11 min)