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DRM

Dream UnlimitedTSX:DRM Stock Report

Market Cap

CA$1.3b

7D

2.4%

1Y

61.9%

Updated

26 Oct, 2021

Data

Company Financials +
DRM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance0/6
Financial Health3/6
Dividends0/6

DRM Overview

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm.

Price History & Performance

Summary of all time highs, changes and price drops for Dream Unlimited
Historical stock prices
Current Share PriceCA$30.59
52 Week HighCA$17.60
52 Week LowCA$30.95
Beta0.82
1 Month Change11.56%
3 Month Change15.96%
1 Year Change61.94%
3 Year Change112.43%
5 Year Change126.26%
Change since IPO11.24%

Recent News & Updates

Aug 19
News Flash: Analysts Just Made A Sizeable Upgrade To Their Dream Unlimited Corp. (TSE:DRM) Forecasts

News Flash: Analysts Just Made A Sizeable Upgrade To Their Dream Unlimited Corp. (TSE:DRM) Forecasts

Celebrations may be in order for Dream Unlimited Corp. ( TSE:DRM ) shareholders, with the covering analyst delivering a...

Shareholder Returns

DRMCA Real EstateCA Market
7D2.4%2.0%1.7%
1Y61.9%48.8%36.5%

Return vs Industry: DRM exceeded the Canadian Real Estate industry which returned 48.8% over the past year.

Return vs Market: DRM exceeded the Canadian Market which returned 36.5% over the past year.

Price Volatility

Is DRM's price volatile compared to industry and market?
DRM volatility
DRM Beta0.82
Industry Beta1.12
Market Beta1

Stable Share Price: DRM is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: DRM's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996500Michael Cooperhttps://www.dream.ca

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.

Dream Unlimited Fundamentals Summary

How do Dream Unlimited's earnings and revenue compare to its market cap?
DRM fundamental statistics
Market CapCA$1.33b
Earnings (TTM)-CA$42.00m
Revenue (TTM)CA$238.86m

5.6x

P/S Ratio

-31.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DRM income statement (TTM)
RevenueCA$238.86m
Cost of RevenueCA$177.54m
Gross ProfitCA$61.31m
ExpensesCA$103.32m
Earnings-CA$42.00m

Dividends

0.9%

Current Dividend Yield

-21%

Payout Ratio

Valuation

Is Dream Unlimited undervalued compared to its fair value and its price relative to the market?

0.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DRM (CA$30.59) is trading above our estimate of fair value (CA$4.65)

Significantly Below Fair Value: DRM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DRM is unprofitable, so we can't compare its PE Ratio to the Canadian Real Estate industry average.

PE vs Market: DRM 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 DRM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DRM's PB Ratio (1x) is in line with the CA Real Estate industry average.


Future Growth

How is Dream Unlimited forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

12.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if DRM's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if DRM's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DRM's revenue (12% per year) is forecast to grow faster than the Canadian market (6.7% per year).

High Growth Revenue: DRM's revenue (12% 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 DRM's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Dream Unlimited performed over the past 5 years?

24.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DRM is currently unprofitable.

Growing Profit Margin: DRM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DRM is unprofitable, but has reduced losses over the past 5 years at a rate of 24.4% per year.

Accelerating Growth: Unable to compare DRM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DRM is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (38.2%).


Return on Equity

High ROE: DRM has a negative Return on Equity (-3.07%), as it is currently unprofitable.


Financial Health

How is Dream Unlimited's financial position?


Financial Position Analysis

Short Term Liabilities: DRM's short term assets (CA$1.2B) exceed its short term liabilities (CA$558.5M).

Long Term Liabilities: DRM's short term assets (CA$1.2B) exceed its long term liabilities (CA$968.0M).


Debt to Equity History and Analysis

Debt Level: DRM's debt to equity ratio (60.4%) is considered high.

Reducing Debt: DRM's debt to equity ratio has reduced from 66.5% to 60.4% over the past 5 years.

Debt Coverage: DRM's debt is not well covered by operating cash flow (7.3%).

Interest Coverage: DRM's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Dividend

What is Dream Unlimited current dividend yield, its reliability and sustainability?

0.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DRM's dividend (0.92%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.56%).

High Dividend: DRM's dividend (0.92%) is low compared to the top 25% of dividend payers in the Canadian market (4.49%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, DRM has been paying a dividend for less than 10 years.

Growing Dividend: DRM's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: DRM is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Michael Cooper (60 yo)

no data

Tenure

CA$3,987,776

Compensation

Mr. Michael J. Cooper serves as Portfolio Manager of Dream Impact Trust. Mr. Cooper has been Chief Executive Officer of Dream Office Real Estate Investment Trust since January 1, 2018 and previously served...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD3.22M) is above average for companies of similar size in the Canadian market ($USD1.11M).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: DRM's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: DRM's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Dream Unlimited Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Dream Unlimited Corp.
  • Ticker: DRM
  • Exchange: TSX
  • Founded: 1996
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CA$1.331b
  • Shares outstanding: 43.52m
  • Website: https://www.dream.ca

Number of Employees


Location

  • Dream Unlimited Corp.
  • State Street Financial Centre
  • Suite 301
  • Toronto
  • Ontario
  • M5C 3H1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 22:41
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.