Executive Summary
Dye & Durham Limited, through its subsidiary, Dye & Durham Corporation, provides cloud-based software and technology solutions for legal firms, financial service institutions, and government organizations in Canada and the United Kingdom. More Details
Rewards
Risk Analysis
No risks detected for DND from our risk checks.
Snowflake Analysis
High growth potential with mediocre balance sheet.
Share Price & News
How has Dye & Durham's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DND is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: DND's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
9.7%
DND
5.1%
CA Software
1.0%
CA Market
1 Year Return
n/a
DND
85.5%
CA Software
39.2%
CA Market
Return vs Industry: Insufficient data to determine how DND performed against the Canadian Software industry.
Return vs Market: Insufficient data to determine how DND performed against the Canadian Market.
Shareholder returns
| DND | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.7% | 5.1% | 1.0% |
| 30 Day | 2.9% | 5.3% | 1.4% |
| 90 Day | 4.4% | 9.9% | 7.5% |
| 1 Year | n/a | 94.4%85.5% | 44.0%39.2% |
| 3 Year | n/a | 102.0%90.7% | 32.2%19.6% |
| 5 Year | n/a | 206.4%186.5% | 59.4%35.3% |
Long-Term Price Volatility Vs. Market
How volatile is Dye & Durham's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Estimating The Fair Value Of Dye & Durham Limited (TSE:DND)3 months ago | Simply Wall St
Do Insiders Own Lots Of Shares In Dye & Durham Limited (TSE:DND)?5 months ago | Simply Wall St
Have Insiders Been Selling Dye & Durham Limited (TSE:DND) Shares This Year?Valuation
Is Dye & Durham undervalued compared to its fair value and its price relative to the market?
13.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DND (CA$44.72) is trading below our estimate of fair value (CA$51.46)
Significantly Below Fair Value: DND is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: DND is unprofitable, so we can't compare its PE Ratio to the CA Software industry average.
PE vs Market: DND 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 DND's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DND is good value based on its PB Ratio (5.1x) compared to the CA Software industry average (10.6x).
Future Growth
How is Dye & Durham forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
115.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DND is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: DND is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: DND's is expected to become profitable in the next 3 years.
Revenue vs Market: DND's revenue (53% per year) is forecast to grow faster than the Canadian market (7.2% per year).
High Growth Revenue: DND's revenue (53% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if DND's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Dye & Durham performed over the past 5 years?
-64.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DND is currently unprofitable.
Growing Profit Margin: DND is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DND is unprofitable, and losses have increased over the past 5 years at a rate of 64.4% per year.
Accelerating Growth: Unable to compare DND's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DND is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (38.8%).
Return on Equity
High ROE: DND has a negative Return on Equity (-7.46%), as it is currently unprofitable.
Financial Health
How is Dye & Durham's financial position?
Financial Position Analysis
Short Term Liabilities: DND's short term assets (CA$284.9M) exceed its short term liabilities (CA$74.4M).
Long Term Liabilities: DND's short term assets (CA$284.9M) do not cover its long term liabilities (CA$500.6M).
Debt to Equity History and Analysis
Debt Level: DND's debt to equity ratio (73.8%) is considered high.
Reducing Debt: Insufficient data to determine if DND's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DND has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DND is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 41% per year.
Dividend
What is Dye & Durham current dividend yield, its reliability and sustainability?
0.17%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DND's dividend (0.17%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.49%).
High Dividend: DND's dividend (0.17%) is low compared to the top 25% of dividend payers in the Canadian market (4.81%).
Stability and Growth of Payments
Stable Dividend: DND is not paying a notable dividend for the Canadian market, therefore no need to check if payments are stable.
Growing Dividend: DND is not paying a notable dividend for the Canadian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: DND is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DND's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Matthew Proud
7.08yrs
Tenure
Mr. Matthew Proud has been Chief Executive Officer of Dye & Durham Limited since March 2014 and has been Director since March 2013. Mr. Proud is an Entrepreneur, who independently manages and invests a lar...
Leadership Team
Experienced Management: DND's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: DND's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
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: DND only recently listed within the past 12 months.
Top Shareholders
Company Information
Dye & Durham Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dye & Durham Limited
- Ticker: DND
- Exchange: TSX
- Founded: 1874
- Industry: Application Software
- Sector: Software
- Market Cap: CA$3.042b
- Shares outstanding: 68.01m
- Website: https://www.dyedurham.com
Number of Employees
Location
- Dye & Durham Limited
- 199 Bay Street
- Suite 4610
- Toronto
- Ontario
- M5L 1E9
- Canada
Listings
Biography
Dye & Durham Limited, through its subsidiary, Dye & Durham Corporation, provides cloud-based software and technology solutions for legal firms, financial service institutions, and government organizations ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/10 23:08 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.