OTCPK:DVLN

Stock Analysis Report

Executive Summary

DVL, Inc., together with its subsidiaries, operates as a commercial finance company.

Rewards

Trading at 95.8% below its fair value

Risk Analysis

Revenue has declined by -25.9% over the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Latest financial reports are more than 6 months old

Does not have a meaningful market cap ($14M)



Snowflake Analysis

Slightly overvalued with worrying balance sheet.

Share Price & News

How has DVL's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DVLN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

DVLN

-2.1%

US Mortgage

0.9%

US Market


1 Year Return

-15.2%

DVLN

6.8%

US Mortgage

20.0%

US Market

Return vs Industry: DVLN underperformed the US Mortgage industry which returned 7.3% over the past year.

Return vs Market: DVLN underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

DVLNIndustryMarket
7 Day0%-2.1%0.9%
30 Day0%-1.6%1.4%
90 Dayn/a-1.9%8.8%
1 Year-15.2%-15.2%9.3%6.8%22.5%20.0%
3 Year-51.9%-51.9%19.3%10.9%49.9%40.3%
5 Year-39.1%-39.1%60.9%43.1%73.2%54.1%

Price Volatility Vs. Market

How volatile is DVL's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DVLN ($2800) is trading below our estimate of fair value ($66626.19)

Significantly Below Fair Value: DVLN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate DVLN's PE Ratio to determine if it is good value compared to the Mortgage industry average.

PE vs Market: Insufficient data to calculate DVLN's PE Ratio to determine if it is good value compared to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DVLN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: Insufficient data to calculate DVLN's PB Ratio to determine if it is good value.


Next Steps

Future Growth

How is DVL forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.4%

Forecasted Banks 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 DVL 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.


Next Steps

  • Take a look at our analysis of DVLN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access DVL's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has DVL performed over the past 5 years?

-155.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: DVLN is currently unprofitable.

Growing Profit Margin: DVLN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if DVLN's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: DVLN is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage industry (11.1%).


Return on Equity

High ROE: DVLN has a negative Return on Equity (-10.62%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is DVL's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: DVLN has a low level of unsold assets or inventory.

Debt Coverage by Assets: DVLN's debt is covered by short term assets (assets are 3.3x debt).


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: Insufficient data to determine if DVLN has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if DVLN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Financial Institutions Analysis

Asset Level: DVLN's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if DVLN has a sufficient allowance for bad loans.

Low Risk Liabilities: DVLN reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if DVLN has an acceptable proportion of non-loan assets held.

Low Risk Deposits: DVLN has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if DVLN has an appropriate level of bad loans.


Next Steps

Dividend

What is DVL's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate DVLN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate DVLN'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 DVLN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DVLN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DVLN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

23.4yrs

Average management tenure


CEO

Alan Casnoff (75yo)

25.3yrs

Tenure

US$176,500

Compensation

Mr. Alan E. Casnoff has been the Chief Executive Officer and President of DVL Inc. since November 1994. Mr. Casnoff has also served as President of Kenbee since November 1994. Since 1977, Mr. Casnoff has a ...


Leadership Team

NamePositionTenureCompensationOwnership
Alan Casnoff
CEO, President & Director25.3yrsUS$176.50kno data
Henry Swain
Executive Vice President13.8yrsUS$154.00kno data
Charles Carames
Vice President of Real Estate and Secretary0yrsUS$171.00kno data
Keith Stein
Director of Special Purpose23.4yrsno datano data

23.4yrs

Average Tenure

63yo

Average Age

Experienced Management: DVLN's management team is seasoned and experienced (23.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alan Casnoff
CEO, President & Director25.3yrsUS$176.50kno data
Gary Flicker
Chairman13.3yrsUS$23.20kno data
Ira Akselrad
Director13.3yrsUS$21.20kno data

13.3yrs

Average Tenure

64yo

Average Age

Experienced Board: DVLN's board of directors are seasoned and experienced ( 13.3 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.


Top Shareholders

Company Information

DVL, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DVL, Inc.
  • Ticker: DVLN
  • Exchange: OTCPK
  • Founded: 1977
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$14.067m
  • Shares outstanding: 5.02k
  • Website: https://www.dvlninc.com

Location

  • DVL, Inc.
  • 70 East 55th Street
  • 7th Floor
  • New York
  • New York
  • 10022
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DVLNOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 1973

Biography

DVL, Inc., together with its subsidiaries, operates as a commercial finance company. The company is involved in the ownership of residual interests in securitized portfolios; ownership and development of real estate properties; ownership and servicing of a portfolio of secured commercial mortgage loans; and provision of real estate asset management and administrative services. New JerseyDVL, Inc. was incorporated in 1977 and is based in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 23:34
End of Day Share Price2019/12/12 00:00
Earnings2018/12/31
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.