Dorel Industries
Market Cap
CA$168.3m
Last Updated
2019/12/09 23:33 UTC
Data Sources
Company Financials +
Executive Summary
Dorel Industries Inc. designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has Dorel Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DII.B's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-10.5%
DII.B
1.3%
CA Consumer Durables
-0.08%
CA Market
1 Year Return
-69.6%
DII.B
36.8%
CA Consumer Durables
10.8%
CA Market
Return vs Industry: DII.B underperformed the Canadian Consumer Durables industry which returned 36.8% over the past year.
Return vs Market: DII.B underperformed the Canadian Market which returned 10.8% over the past year.
Shareholder returns
| DII.B | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.5% | 1.3% | -0.08% |
| 30 Day | -1.6% | 1.6% | 0.01% |
| 90 Day | -43.8% | 9.0% | 1.2% |
| 1 Year | -67.8%-69.6% | 38.9%36.8% | 14.4%10.8% |
| 3 Year | -85.0%-87.4% | 28.2%22.3% | 15.0%4.6% |
| 5 Year | -83.0%-87.0% | 41.8%32.3% | 40.1%19.4% |
Price Volatility Vs. Market
How volatile is Dorel Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
23 hours ago | Simply Wall St
Here's Why Dorel Industries (TSE:DII.B) Is Weighed Down By Its Debt Load3 weeks ago | Simply Wall St
Insider Buying: The Dorel Industries Inc. (TSE:DII.B) Executive VP Just Bought US$179k Worth Of Shares1 month ago | Simply Wall St
What Kind Of Shareholders Own Dorel Industries Inc. (TSE:DII.B)?Valuation
Is Dorel Industries undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DII.B (CA$5.05) is trading below our estimate of fair value (CA$24.63)
Significantly Below Fair Value: DII.B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DII.B is unprofitable, so we can't compare its PE Ratio to the Consumer Durables industry average.
PE vs Market: DII.B is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DII.B's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DII.B is good value based on its PB Ratio (0.2x) compared to the XN Consumer Durables industry average (1.4x).
Next Steps
Future Growth
How is Dorel Industries forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
173.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DII.B is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).
Earnings vs Market: DII.B is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: DII.B's is expected to become profitable in the next 3 years.
Revenue vs Market: DII.B's revenue (2% per year) is forecast to grow slower than the Canadian market (4.9% per year).
High Growth Revenue: DII.B's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if DII.B's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Dorel Industries performed over the past 5 years?
-72.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DII.B is currently unprofitable.
Growing Profit Margin: DII.B is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DII.B is unprofitable, and losses have increased over the past 5 years at a rate of -72.1% per year.
Accelerating Growth: Unable to compare DII.B's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DII.B is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (1.2%).
Return on Equity
High ROE: DII.B has a negative Return on Equity (-86.45%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Dorel Industries's financial position?
Financial Position Analysis
Short Term Liabilities: DII.B's short term assets ($1.2B) exceed its short term liabilities ($800.9M).
Long Term Liabilities: DII.B's short term assets ($1.2B) exceed its long term liabilities ($601.6M).
Debt to Equity History and Analysis
Debt Level: DII.B's debt to equity ratio (93.9%) is considered high.
Reducing Debt: DII.B's debt to equity ratio has increased from 32.9% to 93.9% over the past 5 years.
Balance Sheet
Inventory Level: DII.B has a high level of physical assets or inventory.
Debt Coverage by Assets: DII.B's debt is covered by short term assets (assets are 2.4x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DII.B has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DII.B is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -54.3% per year.
Next Steps
Dividend
What is Dorel Industries's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate DII.B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate DII.B's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DII.B's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DII.B's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: DII.B is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DII.B's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
What is the CEO of Dorel Industries's salary, the management and board of directors tenure and is there insider trading?
16.9yrs
Average management tenure
CEO
Martin Schwartz (70yo)
27.9yrs
Tenure
US$2,404,767
Compensation
Mr. Martin Schwartz has been the Chief Executive Officer and President of Dorel Industries Inc, since 1992 and served as its Executive Vice President. Mr. Schwartz is the Co-founder of Ridgewood Industries ...
CEO Compensation Analysis
Compensation vs Market: Martin's total compensation ($USD1.82M) is above average for companies of similar size in the Canadian market ($USD136.07K).
Compensation vs Earnings: Martin's compensation has been consistent with company performance over the past year.
Management Age and Tenure
16.9yrs
Average Tenure
67.5yo
Average Age
Experienced Management: DII.B's management team is seasoned and experienced (16.9 years average tenure).
Board Age and Tenure
15.9yrs
Average Tenure
69yo
Average Age
Experienced Board: DII.B's board of directors are seasoned and experienced ( 15.9 years average tenure).
Insider Trading
Insider Buying: DII.B insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Executive VP of Sales & Marketing and Director |
| Shares | 25,000 |
| Max Price | US$4.99 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive VP |
| Shares | 35,000 |
| Max Price | US$5.11 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 25,000 |
| Max Price | US$5.09 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive VP of Sales & Marketing and Director |
| Shares | 25,000 |
| Max Price | US$5.11 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP of Finance & Assistant Secretary |
| Shares | 5,000 |
| Max Price | US$10.74 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 5,000 |
| Max Price | US$12.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive VP |
| Shares | 5,000 |
| Max Price | US$11.97 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP of Finance & Assistant Secretary |
| Shares | 4,109 |
| Max Price | US$12.45 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP of Finance & Assistant Secretary |
| Shares | 900 |
| Max Price | US$12.40 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive VP |
| Shares | 15,000 |
| Max Price | US$12.46 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive VP of Sales & Marketing and Director |
| Shares | 10,000 |
| Max Price | US$12.57 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 15,000 |
| Max Price | US$12.45 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive VP |
| Shares | 10,000 |
| Max Price | US$15.25 |
| Entity | Individual |
| Role | Member of the Board of Directors Executive VP of Sales & Marketing and Director |
| Shares | 10,000 |
| Max Price | US$15.10 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Martin Schwartz (70yo)
President
- Tenure: 27.9yrs
- Compensation: US$2.40m
Jeff Segel (68yo)
Executive VP of Sales & Marketing and Director
- Tenure: 32.9yrs
- Compensation: US$2.40m
Alan Schwartz (67yo)
Executive VP of Operations & Director
- Tenure: 32.9yrs
- Compensation: US$2.40m
Jeffrey Schwartz (56yo)
Executive VP
- Tenure: 32.9yrs
- Compensation: US$2.40m
Frank Rana
Senior VP of Finance & Assistant Secretary
- Tenure: 3.5yrs
- Compensation: US$1.01m
Ed Wyse
Senior Vice-President of Global Procurement
- Tenure: 3.5yrs
Leo Schwartz
- Tenure: 57.9yrs
Norman Braunstein
Group President & CEO of Dorel Home
- Tenure: 11.9yrs
Rafael Camarano
President of Dorel Juvenile Brazil
- Tenure: 0yrs
Ian Farthing
Chief Financial Officer of Juvenile Segment
- Tenure: 0yrs
Board Members
Martin Schwartz (70yo)
President
- Tenure: 27.9yrs
- Compensation: US$2.40m
Jeff Segel (68yo)
Executive VP of Sales & Marketing and Director
- Tenure: 32.9yrs
- Compensation: US$2.40m
Alan Schwartz (67yo)
Executive VP of Operations & Director
- Tenure: 32.9yrs
- Compensation: US$2.40m
Jeffrey Schwartz (56yo)
Executive VP
- Tenure: 32.9yrs
- Compensation: US$2.40m
Maurice Tousson (70yo)
Lead Director
- Tenure: 0yrs
- Compensation: US$210.00k
Dian Cohen (86yo)
Independent Director
- Tenure: 15.9yrs
- Compensation: US$170.00k
Brad Johnson
Independent Director
- Tenure: 0.5yrs
Alain Benedetti (70yo)
Independent Director
- Tenure: 15.6yrs
- Compensation: US$185.00k
Norman Steinberg (68yo)
Independent Director
- Tenure: 1.4yrs
- Compensation: US$80.00k
Sharon Ranson
Independent Director
- Tenure: 0.5yrs
Company Information
Dorel Industries Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dorel Industries Inc.
- Ticker: DII.B
- Exchange: TSX
- Founded: 1962
- Industry: Home Furnishings
- Sector: Consumer Durables
- Market Cap: CA$168.299m
- Shares outstanding: 32.46m
- Website: https://www.dorel.com
Number of Employees
Location
- Dorel Industries Inc.
- 1255 Greene Avenue
- Suite 300
- Westmount
- Quebec
- H3Z 2A4
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DII.B | TSX (The Toronto Stock Exchange) | Yes | Class B Subordinated Shares | CA | CAD | Oct 1991 |
| DII.A | TSX (The Toronto Stock Exchange) | Class A Multiple Voting Shares | CA | CAD | Oct 1991 | |
| DIIB.F | OTCPK (Pink Sheets LLC) | Yes | Class B Subordinated Shares | US | USD | Oct 1991 |
| DO4B | DB (Deutsche Boerse AG) | Yes | Class B Subordinated Shares | DE | EUR | Oct 1991 |
Biography
Dorel Industries Inc. designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company’s Dorel Home segment engages in the design, manufacture, sou ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/09 23:33 |
| End of Day Share Price | 2019/12/09 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.