OTCPK:DIIB.F

Stock Analysis Report

Executive Summary

Dorel Industries Inc. designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide.

Snowflake

Fundamentals

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

OTCPK:DIIB.F

3.1%

US Consumer Durables

2.1%

US Market


1 Year Return

-64.0%

OTCPK:DIIB.F

8.8%

US Consumer Durables

-0.04%

US Market

DIIB.F underperformed the Consumer Durables industry which returned 7.1% over the past year.

DIIB.F underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

DIIB.FIndustryMarket
7 Day0.9%3.1%2.1%
30 Day0.8%3.5%-3.2%
90 Day-12.8%4.3%2.8%
1 Year-61.9%-64.0%10.2%8.8%2.2%-0.04%
3 Year-71.0%-75.3%36.6%32.6%41.5%32.3%
5 Year-73.0%-79.0%32.3%24.0%55.0%37.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Dorel Industries 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

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

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


Price Based on Earnings

Dorel Industries is loss making, we can't compare its value to the US Consumer Durables industry average.

Dorel Industries is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Dorel Industries, we can't assess if its growth is good value.


Price Based on Value of Assets

Dorel Industries is good value based on assets compared to the US Consumer Durables industry average.


Next Steps

Future Growth

How is Dorel Industries expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

167.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Dorel Industries's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).

Dorel Industries's earnings are expected to grow significantly at over 20% yearly.

Dorel Industries's revenue growth is positive but not above the United States of America market average.

Dorel Industries's earnings growth is expected to exceed the United States of America market average.

Dorel Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Dorel Industries performed over the past 5 years?

-72.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Dorel Industries does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Dorel Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Dorel Industries's 1-year growth to the US Consumer Durables industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Dorel Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Dorel Industries has efficiently used its assets last year compared to the US Consumer Durables industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Dorel Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Dorel Industries's financial position?


Financial Position Analysis

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

Dorel Industries's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Dorel Industries's level of debt (93.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (36.3% vs 93.7% today).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.4x 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.

Whilst loss making Dorel Industries has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Dorel Industries has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 62.1% per year.


Next Steps

Dividend

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

8.39%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Dorel Industries before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Dorel Industries's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Dorel Industries's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


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 Dorel Industries's salary, the management and board of directors tenure and is there insider trading?

16.6yrs

Average management tenure


CEO

Martin Schwartz (70yo)

27.6yrs

Tenure

US$2,404,767

Compensation

Mr. Martin Schwartz has been the Chief Executive Officer and President of Dorel Industries Inc, since 1992 and served as its Executive Vice President. Mr. Schwartz is the Co-founder of Ridgewood Industries ...


CEO Compensation Analysis

Martin's remuneration is higher than average for companies of similar size in United States of America.

Martin's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

16.6yrs

Average Tenure

67.5yo

Average Age

The average tenure for the Dorel Industries management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

15.6yrs

Average Tenure

69yo

Average Age

The average tenure for the Dorel Industries board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$39,86814 May 19
Frank Rana
EntityIndividual
Role
Senior Key Executive
Senior VP of Finance & Assistant Secretary
Shares5,000
Max PriceUS$7.97
SellUS$993,62302 Apr 19
Alan Schwartz
EntityIndividual
Role
Member of the Board of Directors
Executive VP of Operations & Director
Shares52,400
Max PriceUS$18.96
BuyUS$44,70626 Mar 19
Jeffrey Schwartz
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares5,000
Max PriceUS$8.94
BuyUS$44,84426 Mar 19
Martin Schwartz
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceUS$8.97
BuyUS$38,37520 Mar 19
Frank Rana
EntityIndividual
Role
Senior Key Executive
Senior VP of Finance & Assistant Secretary
Shares4,109
Max PriceUS$9.34
BuyUS$94,17019 Mar 19
Jeff Segel
EntityIndividual
Role
Member of the Board of Directors
Executive VP of Sales & Marketing and Director
Shares10,000
Max PriceUS$9.42
BuyUS$139,97119 Mar 19
Martin Schwartz
EntityIndividual
Role
Chief Executive Officer
President
Shares15,000
Max PriceUS$9.33
BuyUS$140,05419 Mar 19
Jeffrey Schwartz
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares15,000
Max PriceUS$9.34
BuyUS$8,38819 Mar 19
Frank Rana
EntityIndividual
Role
Senior Key Executive
Senior VP of Finance & Assistant Secretary
Shares900
Max PriceUS$9.32
BuyUS$111,39621 Dec 18
Jeff Segel
EntityIndividual
Role
Member of the Board of Directors
Executive VP of Sales & Marketing and Director
Shares10,000
Max PriceUS$11.14
BuyUS$112,50221 Dec 18
Jeffrey Schwartz
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares10,000
Max PriceUS$11.25
BuyUS$62,53510 Dec 18
Jeffrey Schwartz
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares5,000
Max PriceUS$12.51
BuyUS$57,35920 Nov 18
Jeffrey Schwartz
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares4,000
Max PriceUS$14.34
BuyUS$72,04219 Nov 18
Jeff Segel
EntityIndividual
Role
Member of the Board of Directors
Executive VP of Sales & Marketing and Director
Shares5,000
Max PriceUS$14.42
BuyUS$81,79815 Nov 18
Jeff Segel
EntityIndividual
Role
Member of the Board of Directors
Executive VP of Sales & Marketing and Director
Shares5,600
Max PriceUS$14.61
BuyUS$147,03714 Nov 18
Jeffrey Schwartz
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares10,000
Max PriceUS$14.70

Ownership Breakdown


Management Team

  • Martin Schwartz (70yo)

    President

    • Tenure: 27.6yrs
    • Compensation: US$2.40m
  • Jeff Segel (68yo)

    Executive VP of Sales & Marketing and Director

    • Tenure: 32.6yrs
    • Compensation: US$2.40m
  • Alan Schwartz (67yo)

    Executive VP of Operations & Director

    • Tenure: 32.6yrs
    • Compensation: US$2.40m
  • Jeffrey Schwartz (56yo)

    Executive VP

    • Tenure: 32.6yrs
    • Compensation: US$2.40m
  • Frank Rana

    Senior VP of Finance & Assistant Secretary

    • Tenure: 3.2yrs
    • Compensation: US$1.01m
  • Ed Wyse

    Senior Vice-President of Global Procurement

    • Tenure: 3.2yrs
  • Leo Schwartz

    • Tenure: 57.6yrs
  • Norman Braunstein

    Group President & CEO of Dorel Home

    • Tenure: 11.6yrs
  • Rafael Camarano

    President of Dorel Juvenile Brazil

    • Tenure: 0.0yrs
  • Ian Farthing

    Chief Financial Officer of Juvenile Segment

    • Tenure: 0.0yrs

Board Members

  • Martin Schwartz (70yo)

    President

    • Tenure: 27.6yrs
    • Compensation: US$2.40m
  • Jeff Segel (68yo)

    Executive VP of Sales & Marketing and Director

    • Tenure: 32.6yrs
    • Compensation: US$2.40m
  • Alan Schwartz (67yo)

    Executive VP of Operations & Director

    • Tenure: 32.6yrs
    • Compensation: US$2.40m
  • Jeffrey Schwartz (56yo)

    Executive VP

    • Tenure: 32.6yrs
    • Compensation: US$2.40m
  • Maurice Tousson (70yo)

    Lead Director

    • Tenure: 0.0yrs
    • Compensation: US$210.00k
  • Dian Cohen (86yo)

    Independent Director

    • Tenure: 15.6yrs
    • Compensation: US$170.00k
  • Brad Johnson

    Independent Director

    • Tenure: 0.2yrs
  • Alain Benedetti (70yo)

    Independent Director

    • Tenure: 15.3yrs
    • Compensation: US$185.00k
  • Norman Steinberg (68yo)

    Director

    • Tenure: 1.1yrs
    • Compensation: US$80.00k
  • Sharon Ranson

    Independent Director

    • Tenure: 0.2yrs

Company Information

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


Key Information

  • Name: Dorel Industries Inc.
  • Ticker: DIIB.F
  • Exchange: OTCPK
  • Founded: 1962
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: CA$310.556m
  • Listing Market Cap: CA$233.440m
  • Shares outstanding: 32.44m
  • Website: https://www.dorel.com

Number of Employees


Location

  • Dorel Industries Inc.
  • 1255 Greene Avenue
  • Suite 300
  • Westmount
  • Quebec
  • H3Z 2A4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DII.BTSX (The Toronto Stock Exchange)YesClass B Subordinated SharesCACADOct 1991
DII.ATSX (The Toronto Stock Exchange)Class A Multiple Voting SharesCACADOct 1991
DIIB.FOTCPK (Pink Sheets LLC)YesClass B Subordinated SharesUSUSDOct 1991
DO4BDB (Deutsche Boerse AG)YesClass B Subordinated SharesDEEUROct 1991

Biography

Dorel Industries Inc. designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company’s Dorel Home segment engages in the design, manufacture, sou ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:00
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/30


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.