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Decisive Dividend

TSXV:DE
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DE
TSXV
CA$44M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Decisive Dividend Corporation, an acquisition-oriented corporation, focusing on the manufacturing sector. The last earnings update was 27 days ago. More info.


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DE Share Price and Events
7 Day Returns
-1.2%
TSXV:DE
0.5%
CA Capital Markets
1%
CA Market
1 Year Returns
3.9%
TSXV:DE
-2.6%
CA Capital Markets
-1.6%
CA Market
DE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Decisive Dividend (DE) -1.2% -2.4% -4.3% 3.9% 28.6% 300%
CA Capital Markets 0.5% 1% 5.4% -2.6% 17.2% -12.6%
CA Market 1% -2% 1.9% -1.6% 12.9% 4.6%
1 Year Return vs Industry and Market
  • DE outperformed the Capital Markets industry which returned -2.6% over the past year.
  • DE outperformed the Market in Canada which returned -1.6% over the past year.
Price Volatility
DE
Industry
5yr Volatility vs Market

Value

 Is Decisive Dividend undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Decisive Dividend to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Decisive Dividend.

TSXV:DE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$1.39 * 6.3%
CA$0.09
Book Value of Equity per Share Median Book Value from the past 5 years. CA$1.39
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSXV:DE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.079 (1 + (1- 26.5%) (30.36%))
1.214
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.214 * 5.96%)
9.18%

Discounted Cash Flow Calculation for TSXV:DE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Decisive Dividend is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

TSXV:DE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.3% – 9.18%) * CA$1.39)
CA$-0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$-0.04 / (9.18% - 1.95%)
CA$-0.55
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$1.39 + CA$-0.55
CA$0.84
TSXV:DE Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.84
Current discount Discount to share price of CA$4.00
= -1 x (CA$4.00 - CA$0.84) / CA$0.84
-374.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Decisive Dividend is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Decisive Dividend's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Decisive Dividend's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:DE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$0.07
TSXV:DE Share Price ** TSXV (2019-05-21) in CAD CA$4
Canada Capital Markets Industry PE Ratio Median Figure of 20 Publicly-Listed Capital Markets Companies 11.82x
Canada Market PE Ratio Median Figure of 544 Publicly-Listed Companies 14.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Decisive Dividend.

TSXV:DE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:DE Share Price ÷ EPS (both in CAD)

= 4 ÷ 0.07

61.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Decisive Dividend is overvalued based on earnings compared to the CA Capital Markets industry average.
  • Decisive Dividend is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Decisive Dividend's expected growth come at a high price?
Raw Data
TSXV:DE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 61.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
26.1%per year
North America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 2.18x
Canada Market PEG Ratio Median Figure of 250 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Decisive Dividend, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Decisive Dividend's assets?
Raw Data
TSXV:DE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$2.15
TSXV:DE Share Price * TSXV (2019-05-21) in CAD CA$4
Canada Capital Markets Industry PB Ratio Median Figure of 139 Publicly-Listed Capital Markets Companies 1.14x
Canada Market PB Ratio Median Figure of 2,405 Publicly-Listed Companies 1.43x
TSXV:DE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:DE Share Price ÷ Book Value per Share (both in CAD)

= 4 ÷ 2.15

1.86x

* Primary Listing of Decisive Dividend.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Decisive Dividend is overvalued based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Decisive Dividend's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Decisive Dividend has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Decisive Dividend expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Decisive Dividend, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Decisive Dividend expected to grow at an attractive rate?
  • Decisive Dividend's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Decisive Dividend's earnings growth is expected to exceed the Canada market average.
  • Unable to compare Decisive Dividend's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:DE Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:DE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 26.1%
Canada Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
Canada Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:DE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:DE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 38 1 1
2018-09-30 32 -1 1
2018-06-30 24 1 1
2018-03-31 24 2 1
2017-12-31 23 3 1
2017-09-30 24 4 1
2017-06-30 23 4 1
2017-03-31 20 4 -1
2016-12-31 18 3 0
2016-09-30 14 0 -1
2016-06-30 14 0 -1
2016-03-31 15 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Decisive Dividend's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Decisive Dividend is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:DE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Decisive Dividend Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:DE Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 0.07
2018-09-30 0.17
2018-06-30 0.13
2018-03-31 0.16
2017-12-31 0.09
2017-09-30 0.15
2017-06-30 0.15
2017-03-31 -0.10
2016-12-31 -0.10
2016-09-30 -0.30
2016-06-30 -0.20
2016-03-31 0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Decisive Dividend will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Decisive Dividend's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Decisive Dividend has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Decisive Dividend performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Decisive Dividend's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Decisive Dividend has delivered over 20% year on year earnings growth in the past 5 years.
  • Decisive Dividend's 1-year earnings growth is less than its 5-year average (8.1% vs 45.9%)
  • Decisive Dividend's earnings growth has not exceeded the CA Capital Markets industry average in the past year (8.1% vs 26.4%).
Earnings and Revenue History
Decisive Dividend's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Decisive Dividend Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:DE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 37.99 0.55 10.95
2018-09-30 31.92 1.23 9.34
2018-06-30 24.25 0.77 8.41
2018-03-31 23.85 0.97 8.20
2017-12-31 23.45 0.51 7.82
2017-09-30 23.70 0.97 7.47
2017-06-30 22.88 0.88 7.08
2017-03-31 20.23 -0.51 7.46
2016-12-31 17.76 -0.46 6.78
2016-09-30 14.32 -1.11 5.86
2016-06-30 14.03 -0.75 5.45
2016-03-31 14.65 0.38 4.59
2015-12-31 13.30 0.39 4.00
2015-09-30 8.95 -0.19 3.33
2015-06-30 4.11 -0.70 2.07
2015-03-31 1.24 -0.40 0.67
2014-12-31 -0.30 0.17
2014-09-30 -0.12 0.12
2014-06-30 -0.22 0.21
2014-03-31 -0.21 0.17
2013-12-31 -0.19 0.16
2012-12-31 -0.06 0.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Decisive Dividend has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Decisive Dividend used its assets less efficiently than the CA Capital Markets industry average last year based on Return on Assets.
  • Decisive Dividend's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Decisive Dividend's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Decisive Dividend has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Decisive Dividend's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Decisive Dividend's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Decisive Dividend is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Decisive Dividend's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Decisive Dividend's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Decisive Dividend Company Filings, last reported 4 months ago.

TSXV:DE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 23.42 13.28 1.82
2018-09-30 24.06 13.73
2018-06-30 21.94 14.05
2018-03-31 7.40 8.21 1.06
2017-12-31 7.36 8.40 1.18
2017-09-30 7.63 8.82
2017-06-30 8.03 8.84 1.32
2017-03-31 8.61 8.37 2.16
2016-12-31 8.82 8.63 1.45
2016-09-30 7.99 9.24
2016-06-30 8.58 9.17
2016-03-31 3.85 3.27
2015-12-31 4.33 3.34 0.29
2015-09-30 4.14 3.97
2015-06-30 3.74 3.61
2015-03-31 3.53 3.50 0.75
2014-12-31 1.24 0.00 1.35
2014-09-30 1.45 0.00 1.46
2014-06-30 1.48 0.00 1.50
2014-03-31 1.52 0.00 1.53
2013-12-31 1.54 0.00 1.56
2012-12-31 0.28 0.00 0.27
  • Decisive Dividend's level of debt (56.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 56.7% today).
  • Debt is not well covered by operating cash flow (7.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.2x coverage).
X
Financial health checks
We assess Decisive Dividend's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Decisive Dividend has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Decisive Dividend's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
9%
Current annual income from Decisive Dividend dividends.
If you bought CA$2,000 of Decisive Dividend shares you are expected to receive CA$180 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Decisive Dividend's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.04%).
  • Decisive Dividend's dividend is above the markets top 25% of dividend payers in Canada (5.7%).
Upcoming dividend payment

Purchase Decisive Dividend before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:DE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSXV:DE Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-15 0.360 8.917
2019-04-15 0.360 8.834
2019-03-15 0.360 8.785
2019-02-15 0.360 8.547
2019-01-15 0.360 8.792
2018-12-14 0.360 9.327
2018-11-15 0.360 8.619
2018-10-15 0.360 8.313
2018-09-14 0.360 8.356
2018-08-15 0.360 8.507
2018-07-13 0.360 8.712
2018-06-15 0.360 8.805
2018-05-15 0.360 9.135
2018-04-13 0.360 9.120
2018-03-15 0.360 8.630
2018-02-15 0.360 8.643
2018-01-15 0.360 8.695
2017-12-18 0.360 8.662
2017-11-15 0.360 8.623
2017-10-13 0.360 8.309
2017-09-15 0.360 8.423
2017-08-16 0.360 8.287
2017-07-17 0.360 8.466
2017-06-16 0.360 8.397
2017-05-15 0.360 8.405
2017-04-17 0.360 8.906
2017-03-15 0.360 9.186
2017-02-16 0.300 8.302
2017-01-13 0.300 9.184
2016-12-20 0.300 9.267
2016-11-15 0.300 9.241
2016-10-17 0.300 8.829
2016-09-15 0.300 8.670
2016-08-16 0.300 9.372
2016-07-18 0.300 9.310
2016-06-15 0.300 9.214
2016-05-18 0.300 9.625
2016-04-15 0.300 9.734
2016-03-14 0.300 9.583
2016-02-16 0.300 8.977
2016-01-15 0.300 8.646
2015-12-15 0.300 8.668
2015-11-16 0.300 8.491
2015-10-15 0.300 8.652
2015-09-17 0.300 9.152
2015-08-18 0.240 9.067
2015-07-16 0.240 9.327
2015-05-12 0.240 10.421

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Decisive Dividend has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Decisive Dividend only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Decisive Dividend's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Decisive Dividend's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Decisive Dividend afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Decisive Dividend has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Decisive Dividend's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
James Paterson
COMPENSATION CA$0
CEO Bio

Mr. James Andrew Paterson serves as the Chairman and Chief Executive Officer of Decisive Dividend Corporation and has been its Director since October 02, 2012. Mr. Paterson has served as Partner, Barrister & Solicitor with Pushor Mitchell LLP, a law firm, since January 2003.

CEO Compensation
  • Insufficient data for James to compare compensation growth.
  • James's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Decisive Dividend management team in years:

0.7
Average Tenure
  • The average tenure for the Decisive Dividend management team is less than 2 years, this suggests a new team.
Management Team

James Paterson

TITLE
Chairman & CEO

Terry Edwards

TITLE
COO, Secretary & Director
TENURE
6.4 yrs

David Redekop

TITLE
Chief Corporate Development Officer & Director
COMPENSATION
CA$160K
AGE
46
TENURE
0.7 yrs

Gerry L'Esperance

TITLE
President of Unicast Inc
COMPENSATION
CA$270K

Rick Torriero

TITLE
Chief Financial Officer
AGE
39
TENURE
0.7 yrs

Cooper Harrison

TITLE
Corporate Controller
Board of Directors Tenure

Average tenure of the Decisive Dividend board of directors in years:

6.4
Average Tenure
  • The tenure for the Decisive Dividend board of directors is about average.
Board of Directors

Terry Edwards

TITLE
COO, Secretary & Director
TENURE
6.4 yrs

David Redekop

TITLE
Chief Corporate Development Officer & Director
COMPENSATION
CA$160K
AGE
46
TENURE
6.4 yrs

Tim Pirie

TITLE
Lead Independent Director

James Paterson

TITLE
Chairman & CEO

Michael Conway

TITLE
Director
TENURE
6.4 yrs

Peter Jeffrey

TITLE
Director
TENURE
5.5 yrs

Robert Louie

TITLE
Director
TENURE
6.1 yrs

Warren Matheos

TITLE
Director
TENURE
5.4 yrs

Michael Campbell

TITLE
Director
AGE
47
TENURE
6.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
10. Jan 19 Buy Gerald Edwards Individual 10. Jan 19 10. Jan 19 3,000 CA$3.75 CA$11,250
18. Dec 18 Buy David Redekop Individual 17. Dec 18 17. Dec 18 2,000 CA$3.86 CA$7,720
14. Dec 18 Buy Richard Torriero Individual 12. Dec 18 12. Dec 18 5,000 CA$3.95 CA$19,750
10. Dec 18 Buy David Redekop Individual 10. Dec 18 10. Dec 18 1,500 CA$3.98 CA$5,970
05. Oct 18 Sell Daniel Healey Individual 01. Oct 18 01. Oct 18 -926 CA$4.30 CA$-3,982
25. Sep 18 Sell Daniel Healey Individual 24. Sep 18 24. Sep 18 -1,750 CA$4.30 CA$-7,525
29. Jun 18 Buy Warren Matheos Individual 28. Jun 18 28. Jun 18 2,000 CA$4.00 CA$8,000
29. Jun 18 Buy Timothy Pirie Individual 28. Jun 18 28. Jun 18 2,250 CA$4.00 CA$9,000
29. Jun 18 Buy Robert Louie Individual 28. Jun 18 28. Jun 18 1,250 CA$4.00 CA$5,000
29. Jun 18 Buy Gerald Edwards Individual 28. Jun 18 28. Jun 18 6,000 CA$4.00 CA$24,000
29. Jun 18 Buy James Paterson Individual 28. Jun 18 28. Jun 18 12,500 CA$4.00 CA$50,000
29. Jun 18 Buy M. Colabella Individual 28. Jun 18 28. Jun 18 6,250 CA$4.00 CA$25,000
29. Jun 18 Buy Michael Conway Individual 28. Jun 18 28. Jun 18 6,250 CA$4.00 CA$25,000
28. Jun 18 Buy Michael Campbell Individual 28. Jun 18 28. Jun 18 1,250 CA$4.00 CA$5,000
28. Jun 18 Buy Peter Jeffrey Individual 28. Jun 18 28. Jun 18 5,000 CA$4.00 CA$20,000
X
Management checks
We assess Decisive Dividend's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Decisive Dividend has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Kind Of Shareholders Own Decisive Dividend Corporation (CVE:DE)?

Check out our latest analysis for Decisive Dividend TSXV:DE Ownership Summary, May 16th 2019 What Does The Institutional Ownership Tell Us About Decisive Dividend? … We can see that Decisive Dividend does have institutional investors; and they hold 5.3% of the stock. … Insider Ownership Of Decisive Dividend The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Decisive Dividend (CVE:DE) Shareholders Have Enjoyed A Whopping 305% Share Price Gain

To wit, the Decisive Dividend Corporation (CVE:DE) share price has soared 305% over five years. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During the five years of share price growth, Decisive Dividend moved from a loss to profitability.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Decisive Dividend Corporation (CVE:DE)?

So before you buy or sell Decisive Dividend Corporation (CVE:DE), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Decisive Dividend. … In total, Decisive Dividend insiders bought more than they sold over the last year

Simply Wall St -

What Does Decisive Dividend Corporation's (CVE:DE) P/E Ratio Tell You?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll show how you can use Decisive Dividend Corporation's (CVE:DE) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Kind Of Investor Owns Most Of Decisive Dividend Corporation (CVE:DE)?

The big shareholder groups in Decisive Dividend Corporation (CVE:DE) have power over the company. … Decisive Dividend is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Why Decisive Dividend Corporation's (CVE:DE) High P/E Ratio Isn't Necessarily A Bad Thing

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Decisive Dividend Corporation's (CVE:DE) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Does Decisive Dividend Corporation's (CVE:DE) PE Ratio Signal A Selling Opportunity?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Decisive Dividend Corporation (CVE:DE)’s fundamentals and stock market performance. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind

Simply Wall St -

Decisive Dividend Corporation (CVE:DE): What You Have To Know Before Buying For The Upcoming Dividend

Below, I will explain how holding Decisive Dividend can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … See our latest analysis for Decisive Dividend 5 questions I ask before picking a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is their annual yield among the top 25% of dividend payers? … Relative to peers, Decisive Dividend generates a yield of 9.35%, which is high for Capital Markets stocks.

Simply Wall St -

Decisive Dividend Corporation (CVE:DE): Dividend Is Coming In 3 Days, Should You Buy?

Important news for shareholders and potential investors in Decisive Dividend Corporation (TSXV:DE): The dividend payment of CA$0.03 per share will be distributed into shareholder on 15 May 2018, and the stock will begin trading ex-dividend at an earlier date, 27 April 2018. … Check out our latest analysis for Decisive Dividend Here's how I find good dividend stocks When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Does it pay an annual yield higher than 75% of dividend payers? … Compared to its peers, Decisive Dividend has a yield of 9.18%, which is high for Capital Markets stocks.

Simply Wall St -

Does Decisive Dividend Corporation's (TSXV:DE) PE Ratio Warrant A Sell?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for DE Price per share = 4.26 Earnings per share = 0.166 ∴ Price-Earnings Ratio = 4.26 ÷ 0.166 = 25.6x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Since DE's P/E of 25.6x is higher than its industry peers (14.2x), it means that investors are paying more than they should for each dollar of DE's earnings. … For example, if you accidentally compared lower growth firms with DE, then DE’s P/E would naturally be higher since investors would reward DE’s higher growth with a higher price.

Simply Wall St -

Company Info

Description

Decisive Dividend Corporation, an acquisition-oriented corporation, focusing on the manufacturing sector. It manufactures and sells wood burning stoves in Canada and the United States. The company also designs and distributes wear parts, including diverter valves, apron feeder pans, grinding mill liners, hammers and blow bars, grizzly panels, and cooler grates for the cement, mining, aggregate, and coal industries worldwide. The company was incorporated in 2012 and is headquartered in Kelowna, Canada.

Details
Name: Decisive Dividend Corporation
DE
Exchange: TSXV
Founded: 2012
CA$43,732,204
10,933,051
Website: http://www.decisivedividend.com
Address: Decisive Dividend Corporation
1674 Bertram Street,
Suite 201,
Kelowna,
British Columbia, V1Y 9G4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV DE Common Shares TSX Venture Exchange CA CAD 23. Sep 2013
Number of employees
Current staff
Staff numbers
0
Decisive Dividend employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 06:42
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2019/04/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.