TSX:GDC

Stock Analysis Report

Genesis Land Development

Executive Summary

Genesis Land Development Corp. engages in the acquisition, development, and sale of land, residential lots, and homes primarily in the greater Calgary area, Canada.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Risks

  • Genesis Land Development is not covered by any analysts.

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


Market Performance


7 Day Return

-0.4%

TSX:GDC

-0.7%

CA Real Estate

1.2%

CA Market


1 Year Return

-36.2%

TSX:GDC

5.3%

CA Real Estate

-0.1%

CA Market

GDC underperformed the Real Estate industry which returned 5.2% over the past year.

GDC underperformed the Market in Canada which returned -0.2% over the past year.


Share holder returns

GDCIndustryMarket
7 Day-0.4%-0.7%1.2%
30 Day-3.5%1.0%4.0%
90 Day-11.6%1.0%1.4%
1 Year-36.2%-36.2%7.8%5.3%3.4%-0.1%
3 Year2.2%-22.6%50.3%40.6%19.3%8.6%
5 Year-36.7%-54.2%74.2%39.1%19.0%2.0%

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

Valuation

Is Genesis Land Development undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Genesis Land Development's share price is below the future cash flow value, and at a moderate discount (> 20%).

Genesis Land Development's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Genesis Land Development is overvalued based on earnings compared to the CA Real Estate industry average.

Genesis Land Development is overvalued based on earnings compared to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Genesis Land Development, we can't assess if its growth is good value.


Price Based on Value of Assets

Genesis Land Development is good value based on assets compared to the CA Real Estate industry average.


Next Steps

Future Growth

How is Genesis Land Development expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Genesis Land Development is high growth as no revenue estimate data is available.

Genesis Land Development's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Genesis Land Development's revenue growth to the Canada market average as no estimate data is available.

Genesis Land Development's earnings growth is expected to exceed the Canada market average.

Genesis Land Development's earnings growth is expected to exceed the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Genesis Land Development will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Genesis Land Development performed over the past 5 years?

-15.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Genesis Land Development's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Genesis Land Development's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Genesis Land Development's 1-year earnings growth is negative, it can't be compared to the CA Real Estate industry average.


Return on Equity

Genesis Land Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Genesis Land Development used its assets less efficiently than the CA Real Estate industry average last year based on Return on Assets.


Return on Capital Employed

Genesis Land Development's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Genesis Land Development's financial position?


Financial Position Analysis

Genesis Land Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Genesis Land Development's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Genesis Land Development's level of debt (8.5%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (8.8% vs 8.5% today).

Debt is well covered by operating cash flow (138.1%, greater than 20% of total debt).

Genesis Land Development earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 13.8x debt.


Next Steps

Dividend

What is Genesis Land Development's current dividend yield, its reliability and sustainability?

10.81%

Current Dividend Yield


Dividend Yield and Payments Analysis

Genesis Land Development's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2%).

Genesis Land Development's dividend is above the markets top 25% of dividend payers in Canada (5.78%).

Genesis Land Development has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Genesis Land Development only paid a dividend in the past 4 years.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Genesis Land Development has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Genesis Land Development's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

Iain Stewart (58yo)

1yrs

Tenure

CA$1,130,516

Compensation

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

Iain's remuneration is higher than average for companies of similar size in Canada.

Iain's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

1.0yrs

Average Tenure

58yo

Average Age

The average tenure for the Genesis Land Development management team is less than 2 years, this suggests a new team.


Board Age and Tenure

6.1yrs

Average Tenure

59yo

Average Age

The tenure for the Genesis Land Development board of directors is about average.


Insider Trading

More shares have been bought than sold by Genesis Land Development individual insiders in the past 3 months.


Recent Insider Transactions

BuyCA$4,499,95318 Jul 19
Loudon Frank Owen
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,273,800
Max PriceCA$3.53
BuyCA$2,270,71217 Jul 19
Smoothwater Capital Corporation
EntityCompany
Shares908,285
Max PriceCA$2.50
BuyCA$1,74514 May 19
Mark Mitchell
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares700
Max PriceCA$2.51
SellCA$26,02425 Apr 19
Milfam LLC
EntityCompany
Shares10,200
Max PriceCA$2.55
SellCA$56,02423 Apr 19
Milfam LLC
EntityCompany
Shares21,300
Max PriceCA$2.63
SellCA$26,14222 Apr 19
Milfam LLC
EntityCompany
Shares13,700
Max PriceCA$1.98
BuyCA$75019 Apr 19
Steven Glover
EntityIndividual
Role
Lead Director
Lead Director
Shares300
Max PriceCA$2.50
SellCA$127,69517 Apr 19
Milfam LLC
EntityCompany
Shares50,800
Max PriceCA$2.51
BuyCA$2,671,68516 Apr 19
Alimco Financial Corp, Asset Management Arm
EntityCompany
Shares840,850
Max PriceCA$3.18
SellCA$125,27315 Apr 19
Milfam LLC
EntityCompany
Shares48,700
Max PriceCA$2.57
BuyCA$38,49215 Apr 19
Arnie Stefaniuk
EntityIndividual
Shares15,000
Max PriceCA$2.61
BuyCA$40,88612 Apr 19
Iain Stewart
EntityIndividual
Role
Chief Executive Officer
President
Shares16,000
Max PriceCA$2.56
BuyCA$59,33012 Apr 19
Parveshindera Sidhu
EntityIndividual
Role
Unit President
President of Genesis Builders Group Inc. & VP of Home Building
Shares23,000
Max PriceCA$2.61
BuyCA$1,50012 Apr 19
Steven Glover
EntityIndividual
Role
Lead Director
Lead Director
Shares600
Max PriceCA$2.50
SellCA$1,28211 Apr 19
Milfam LLC
EntityCompany
Shares500
Max PriceCA$2.56
BuyCA$549,22508 Apr 19
Smoothwater Capital Corporation
EntityCompany
Shares224,000
Max PriceCA$2.47
SellCA$568,54708 Apr 19
Milfam LLC
EntityCompany
Shares232,100
Max PriceCA$2.45
BuyCA$2,54008 Apr 19
Mark Mitchell
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceCA$2.54
BuyCA$45,65305 Apr 19
Iain Stewart
EntityIndividual
Role
Chief Executive Officer
President
Shares18,300
Max PriceCA$2.52
SellCA$180,17305 Apr 19
Milfam LLC
EntityCompany
Shares75,000
Max PriceCA$2.40
BuyCA$57,53105 Apr 19
Smoothwater Capital Corporation
EntityCompany
Shares22,600
Max PriceCA$2.55
BuyCA$8,23515 Jan 19
Smoothwater Capital Corporation
EntityCompany
Shares2,700
Max PriceCA$3.05
SellCA$11,15808 Jan 19
Milfam LLC
EntityCompany
Shares3,600
Max PriceCA$3.10
BuyCA$2,671,68526 Dec 18
Milfam LLC
EntityCompany
Shares840,850
Max PriceCA$3.18
SellCA$5,343,37026 Dec 18
Milfam LLC
EntityCompany
Shares1,681,700
Max PriceCA$3.18
BuyCA$57,60926 Sep 18
Iain Stewart
EntityIndividual
Role
Chief Executive Officer
President
Shares16,600
Max PriceCA$3.48

Ownership Breakdown


Management Team

  • Wayne King

    Chief Financial Officer

    • Tenure: 2.3yrs
    • Compensation: CA$250.84k
  • Don Edwards (58yo)

    Corporate Secretary

    • Tenure: 0yrs
  • Stephen Griggs (59yo)

    Executive Chairman

    • Tenure: 6.1yrs
    • Compensation: CA$769.10k
  • Iain Stewart (58yo)

    President

    • Tenure: 1yrs
    • Compensation: CA$1.13m
  • PS Sidhu

    President of Genesis Builders Group Inc. & VP of Home Building

    • Tenure: 0yrs
    • Compensation: CA$252.10k

Board Members

  • Loudon Frank Owen (62yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: CA$172.78k
  • Stephen Griggs (59yo)

    Executive Chairman

    • Tenure: 6.1yrs
    • Compensation: CA$769.10k
  • Iain Stewart (58yo)

    President

    • Tenure: 1yrs
    • Compensation: CA$1.13m
  • Steve Glover (66yo)

    Lead Director

    • Tenure: 3.9yrs
    • Compensation: CA$219.71k
  • Mark Mitchell (56yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: CA$172.78k

Company Information

Genesis Land Development Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Genesis Land Development Corp.
  • Ticker: GDC
  • Exchange: TSX
  • Founded: 1991
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CA$93.640m
  • Shares outstanding: 42.18m
  • Website: https://www.genesisland.com

Number of Employees


Location

  • Genesis Land Development Corp.
  • 7315 – 8th Street NE
  • Calgary
  • Alberta
  • T2E 8A2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GDCTSX (The Toronto Stock Exchange)YesCommon SharesCACADAug 1998
GNLA.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 1998

Biography

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 D ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/14 23:36
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.