Diversified Royalty (TSX:DIV) - Stock Price, News & Analysis

DIV Stock Overview

A multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. More details

DIV fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	5/6
Financial Health	2/6
Dividends	4/6

Rewards

Trading at 53.4% below our estimate of its fair value

Earnings are forecast to grow 3.62% per year

Earnings grew by 74.9% over the past year

Analysts in good agreement that stock price will rise by 26.8%

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 8.39% is not well covered by earnings or free cash flows

Shareholders have been diluted in the past year

Diversified Royalty Corp. Competitors

BMTC Group

TSX:GBT

CA$442.5m

Pet Valu Holdings

TSX:PET

CA$1.9b

Leon's Furniture

TSX:LNF

CA$1.8b

Roots

TSX:ROOT

CA$91.0m

Price History & Performance

Summary of all time highs, changes and price drops for Diversified Royalty
Historical stock prices
Current Share Price	CA$2.98
52 Week High	CA$3.09
52 Week Low	CA$2.53
Beta	1.57
11 Month Change	-1.65%
3 Month Change	6.43%
1 Year Change	15.50%
33 Year Change	7.19%
5 Year Change	-5.40%
Change since IPO	98.67%

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.0208

Nov 08

Diversified Royalty (TSE:DIV) Has Affirmed Its Dividend Of CA$0.0208

Oct 07

Recent updates

We Think Shareholders May Consider Being More Generous With Diversified Royalty Corp.'s (TSE:DIV) CEO Compensation Package

Jun 13

Diversified Royalty (TSE:DIV) Is Due To Pay A Dividend Of CA$0.0208

Apr 07

Diversified Royalty's (TSE:DIV) Earnings Are Of Questionable Quality

Mar 29

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.0204

Dec 09

Diversified Royalty (TSE:DIV) Will Pay A Larger Dividend Than Last Year At CA$0.0204

Nov 09

Diversified Royalty (TSE:DIV) Is Paying Out A Dividend Of CA$0.02

Oct 10

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.02

Sep 10

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.02

Aug 08

Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02

Jul 08

Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02

May 05

Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02

Mar 07

Diversified Royalty (TSE:DIV) Has Affirmed Its Dividend Of CA$0.02

Feb 07

Diversified Royalty's (TSE:DIV) Dividend Will Be Increased To CA$0.02

Jan 08

Diversified Royalty (TSE:DIV) Has Re-Affirmed Its Dividend Of CA$0.018

Jul 09

Diversified Royalty (TSE:DIV) Has Re-Affirmed Its Dividend Of CA$0.018

Jun 07

Shareholder Returns

	DIV	CA Specialty Retail	CA Market
7D	-2.0%	1.0%	0.2%
1Y	15.5%	41.3%	21.0%

Return vs Industry: DIV underperformed the Canadian Specialty Retail industry which returned 40.9% over the past year.

Return vs Market: DIV underperformed the Canadian Market which returned 20.2% over the past year.

Price Volatility

Is DIV's price volatile compared to industry and market?
DIV volatility
DIV Average Weekly Movement	1.5%
Specialty Retail Industry Average Movement	4.6%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.5%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: DIV has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: DIV's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1960	39	Sean Morrison	www.diversifiedroyaltycorp.com

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks. The company was formerly known as BENEV Capital Inc. and changed its name to Diversified Royalty Corp. in September 2014.

Diversified Royalty Corp. Fundamentals Summary

How do Diversified Royalty's earnings and revenue compare to its market cap?
DIV fundamental statistics
Market cap	CA$494.50m
Earnings (TTM)	CA$31.70m
Revenue (TTM)	CA$64.35m

15.6x

P/E Ratio

7.7x

P/S Ratio

Is DIV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DIV income statement (TTM)
Revenue	CA$64.35m
Cost of Revenue	CA$2.97m
Gross Profit	CA$61.38m
Other Expenses	CA$29.69m
Earnings	CA$31.70m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.19
Gross Margin	95.39%
Net Profit Margin	49.25%
Debt/Equity Ratio	90.5%

How did DIV perform over the long term?

See historical performance and comparison

Dividends

8.4%

Current Dividend Yield

122%

Payout Ratio

Does DIV pay a reliable dividends?

See DIV dividend history and benchmarks

When do you need to buy DIV by to receive an upcoming dividend?
Diversified Royalty dividend dates
Ex Dividend Date	Nov 15 2024
Dividend Pay Date	Nov 29 2024
Days until Ex dividend	4 days
Days until Dividend pay date	10 days

Does DIV pay a reliable dividends?

See DIV dividend history and benchmarks

DIV Stock Overview

Rewards

Risk Analysis

Diversified Royalty Corp. Competitors

TSX:GBT

CA$442.5m

TSX:PET

CA$1.9b

TSX:LNF

CA$1.8b

TSX:ROOT

CA$91.0m

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.0208

Dividend of CA$0.021 announced

Diversified Royalty Corp. Announces November 2024 Cash Dividend, Payable on November 29, 2024

Diversified Royalty (TSE:DIV) Has Affirmed Its Dividend Of CA$0.0208

Dividend of CA$0.021 announced

Recent updates

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.0208

Dividend of CA$0.021 announced

Diversified Royalty Corp. Announces November 2024 Cash Dividend, Payable on November 29, 2024

Diversified Royalty (TSE:DIV) Has Affirmed Its Dividend Of CA$0.0208

Dividend of CA$0.021 announced

Diversified Royalty Corp. to Report Q3, 2024 Results on Nov 06, 2024

Dividend of CA$0.021 announced

Diversified Royalty Corp. Approves Cash Dividend for the Period of September 1, 2024 to September 30, 2024, Payable on September 27, 2024

Second quarter 2024 earnings released: EPS: CA$0.05 (vs CA$0.064 in 2Q 2023)

Diversified Royalty (TSE:DIV) Has Announced A Dividend Of CA$0.0208

Dividend of CA$0.021 announced

Diversified Royalty Corp. to Report First Half, 2024 Results on Aug 09, 2024

Diversified Royalty (TSE:DIV) Has Affirmed Its Dividend Of CA$0.0208

Dividend of CA$0.021 announced

Diversified Royalty Corp. Announces July 2024 Cash Dividend, Payable on July 31, 2024

Diversified Royalty Corp. Elects Sherry McNeil as Director

We Think Shareholders May Consider Being More Generous With Diversified Royalty Corp.'s (TSE:DIV) CEO Compensation Package

Dividend of CA$0.021 announced

Diversified Royalty Corp. Approves a Cash Dividend for the Period of June 1, 2024 to June 30, 2024, Payable on June 28, 2024

Independent Director exercised options to buy CA$88k worth of stock.

First quarter 2024 earnings released: EPS: CA$0.049 (vs CA$0.047 in 1Q 2023)

Dividend of CA$0.021 announced

Diversified Royalty Corp. Declares Cash Dividend for the Month of May 2024, Payable on May 31, 2024

Diversified Royalty Corp., Annual General Meeting, Jun 20, 2024

Diversified Royalty (TSE:DIV) Is Due To Pay A Dividend Of CA$0.0208

Dividend of CA$0.021 announced

Diversified Royalty Corp. Announces April 2024 Cash Dividend, Payable on April 30, 2024

Diversified Royalty's (TSE:DIV) Earnings Are Of Questionable Quality

Full year 2023 earnings released: EPS: CA$0.22 (vs CA$0.12 in FY 2022)

Dividend of CA$0.021 announced

Diversified Royalty Corp. Announces March 2024 Cash Dividend, Payable on March 28, 2024

Director recently bought CA$266k worth of stock

New minor risk - Shareholder dilution

Diversified Royalty Corp. has completed a Follow-on Equity Offering in the amount of CAD 54.05253 million.

Diversified Royalty Corp. has filed a Follow-on Equity Offering in the amount of CAD 40.166 million.

Dividend of CA$0.02 announced

Diversified Royalty Corp. Announces February 2024 Cash Dividend, Payable on February 29, 2024

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.0204

Diversified Royalty Corp. Announces December 2023 Cash Dividend, Payable on December 29, 2023

Diversified Royalty (TSE:DIV) Will Pay A Larger Dividend Than Last Year At CA$0.0204

Diversified Royalty Corp. to Report Q3, 2023 Results on Nov 08, 2023

Diversified Royalty Corp. Announces Cash Dividend for the month ending November 30, 2023, Payable on November 30, 2023

Diversified Royalty (TSE:DIV) Is Paying Out A Dividend Of CA$0.02

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.02

Diversified Royalty Corp. Announces September 2023 Cash Dividend, Payable on September 29, 2023

Second quarter 2023 earnings released: EPS: CA$0.064 (vs CA$0.058 in 2Q 2022)

Diversified Royalty's (TSE:DIV) Dividend Will Be CA$0.02

Diversified Royalty Corp. to Report Q2, 2023 Results on Aug 14, 2023

Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02

Diversified Royalty Corp. Approves Cash Dividend for the Period of July 1, 2023 to July 31, 2023, Payable on July 31, 2023

Diversified Royalty Corp. Approves Cash Dividend for the Period of June 1, 2023 to June 30, 2023, Payable on June 30, 2023

Independent Director exercised options to buy CA$64k worth of stock.

First quarter 2023 earnings released: EPS: CA$0.047 (vs CA$0.051 in 1Q 2022)

Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02

Full year 2022 earnings released: EPS: CA$0.12 (vs CA$0.19 in FY 2021)

Diversified Royalty (TSE:DIV) Will Pay A Dividend Of CA$0.02

Diversified Royalty (TSE:DIV) Has Affirmed Its Dividend Of CA$0.02

Diversified Royalty Corp. Approves Cash Dividend for the Period of February 1, 2023 to February 28, 2023, Payable on February 28, 2023