Genesis Land Development Corp. engages in the acquisition, development, and sale of land, residential lots, and homes primarily in the greater Calgary area, Canada.
Adequate balance sheet and overvalued.
Share Price & News
How has Genesis Land Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GDC has not had significant price volatility in the past 3 months.
7 Day Return
CA Real Estate
1 Year Return
CA Real Estate
Return vs Industry: GDC underperformed the Canadian Real Estate industry which returned 20.5% over the past year.
Return vs Market: GDC underperformed the Canadian Market which returned 0.5% over the past year.
Price Volatility Vs. Market
How volatile is Genesis Land Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StCould The Genesis Land Development Corp. (TSE:GDC) Ownership Structure Tell Us Something Useful?
2 months ago | Simply Wall StVolatility 101: Should Genesis Land Development (TSE:GDC) Shares Have Dropped 36%?
3 months ago | Simply Wall StHow Many Genesis Land Development Corp. (TSE:GDC) Shares Did Insiders Buy, In The Last Year?
Is Genesis Land Development undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GDC (CA$1.8) is trading above our estimate of fair value (CA$0.89)
Significantly Below Fair Value: GDC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GDC is poor value based on its PE Ratio (32.1x) compared to the Real Estate industry average (13.4x).
PE vs Market: GDC is poor value based on its PE Ratio (32.1x) compared to the Canadian market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GDC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GDC is good value based on its PB Ratio (0.4x) compared to the CA Real Estate industry average (0.9x).
How is Genesis Land Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Genesis Land Development has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Genesis Land Development's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Genesis Land Development competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Genesis Land Development performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GDC has high quality earnings.
Growing Profit Margin: GDC's current net profit margins (3.8%) are lower than last year (8.3%).
Past Earnings Growth Analysis
Earnings Trend: GDC's earnings have declined by -19.9% per year over the past 5 years.
Accelerating Growth: GDC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GDC had negative earnings growth (-77.3%) over the past year, making it difficult to compare to the Real Estate industry average (-22.9%).
Return on Equity
High ROE: GDC's Return on Equity (1%) is considered low.
Return on Assets
Return on Capital Employed
How is Genesis Land Development's financial position?
Financial Position Analysis
Short Term Liabilities: GDC's short term assets (CA$265.5M) exceed its short term liabilities (CA$24.5M).
Long Term Liabilities: GDC's short term assets (CA$265.5M) exceed its long term liabilities (CA$45.8M).
Debt to Equity History and Analysis
Debt Level: GDC's debt to equity ratio (17.5%) is considered satisfactory.
Reducing Debt: GDC's debt to equity ratio has increased from 7.2% to 17.5% over the past 5 years.
Debt Coverage: GDC's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: GDC earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: GDC has a high level of physical assets or inventory.
Debt Coverage by Assets: GDC's debt is covered by short term assets (assets are 7.2x debt).
What is Genesis Land Development's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate GDC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate GDC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GDC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GDC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GDC is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GDC's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Iain Stewart (58yo)
Mr. Iain Stewart, B.Comm., ICD.D, CPA., C.A. was Co-founded Parkbridge Lifestyle Communities, Inc. and served as its Co-Chief Executive Officer since February 28, 2006 and also served as its President of W ...
CEO Compensation Analysis
Compensation vs Market: Iain's total compensation ($USD850.76K) is above average for companies of similar size in the Canadian market ($USD155.12K).
Compensation vs Earnings: Iain's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive Chairman||6.5yrs||CA$769.10k||no data|
|Chief Financial Officer||2.8yrs||CA$250.84k||no data|
|President of Genesis Builders Group Inc. & VP of Home Building||0yrs||CA$252.10k||0.13% CA$97.6k|
|Corporate Secretary||0yrs||no data||no data|
Experienced Management: GDC's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|Executive Chairman||6.5yrs||CA$769.10k||no data|
|Independent Director||6.9yrs||CA$172.78k||3.02% CA$2.3m|
|Lead Director||4.3yrs||CA$219.71k||0.086% CA$65.3k|
|Independent Director||9.7yrs||CA$172.78k||12.5% CA$9.5m|
Experienced Board: GDC's board of directors are considered experienced (6.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Genesis Land Development Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Genesis Land Development Corp.
- Ticker: GDC
- Exchange: TSX
- Founded: 1991
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: CA$75.890m
- Shares outstanding: 42.16m
- Website: https://www.genesisland.com
Number of Employees
- Genesis Land Development Corp.
- 7315 – 8th Street NE
- T2E 8A2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GDC||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Aug 1998|
|GNLA.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Aug 1998|
Genesis Land Development Corp. engages in the acquisition, development, and sale of land, residential lots, and homes primarily in the greater Calgary area, Canada. It operates through two segments, Land Development and Home Building. The Land Development segment acquires, plans, rezones, subdivides, services, and sells residential lots, and commercial and industrial lands to third-party developers and builders. The Home Building segment designs, constructs, and sells single-family homes and townhouses. The company was formerly known as Genesis Capital Corp. and changed its name to Genesis Land Development Corp. in October 1998. Genesis Land Development Corp. was founded in 1991 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 00:53|
|End of Day Share Price||2020/02/26 00:00|
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.