OTCPK:DDEJ.F

Stock Analysis Report

Executive Summary

Dundee Corporation, an asset management company, provides wealth management, real estate, resources, and investment services in Canada and the United States.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

3.6%

DDEJ.F

1.0%

US Real Estate

1.5%

US Market


1 Year Return

-15.0%

DDEJ.F

10.3%

US Real Estate

20.1%

US Market

Return vs Industry: DDEJ.F underperformed the US Real Estate industry which returned 10.3% over the past year.

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


Shareholder returns

DDEJ.FIndustryMarket
7 Day3.6%1.0%1.5%
30 Day-9.5%2.7%1.4%
90 Day21.4%9.8%8.7%
1 Year-15.0%-15.0%11.2%10.3%22.7%20.1%
3 Year-77.6%-77.6%29.7%26.6%50.1%40.5%
5 Year-91.4%-91.4%16.4%12.6%73.1%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate DDEJ.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate DDEJ.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: DDEJ.F is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.

PE vs Market: DDEJ.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DDEJ.F is good value based on its PB Ratio (0.3x) compared to the US Real Estate industry average (1.4x).

Future Growth

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

18.0%

Forecasted Real Estate 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 Dundee 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.

Past Performance

How has Dundee performed over the past 5 years?

28.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DDEJ.F is currently unprofitable.

Growing Profit Margin: DDEJ.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DDEJ.F is unprofitable, but has reduced losses over the past 5 years at a rate of 28.5% per year.

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

Earnings vs Industry: DDEJ.F is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-31.1%).


Return on Equity

High ROE: DDEJ.F has a negative Return on Equity (-13.84%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed

Financial Health

How is Dundee's financial position?


Financial Position Analysis

Short Term Liabilities: DDEJ.F's short term assets (CA$99.7M) exceed its short term liabilities (CA$36.1M).

Long Term Liabilities: DDEJ.F's short term assets (CA$99.7M) exceed its long term liabilities (CA$65.1M).


Debt to Equity History and Analysis

Debt Level: DDEJ.F's debt to equity ratio (8.8%) is considered satisfactory.

Reducing Debt: DDEJ.F's debt to equity ratio has reduced from 15.3% to 8.8% over the past 5 years.


Balance Sheet

Inventory Level: DDEJ.F has a high level of physical assets or inventory.

Debt Coverage by Assets: DDEJ.F's debt is covered by short term assets (assets are 1.9x 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: DDEJ.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: DDEJ.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 40.3% each year.

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if DDEJ.F'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 DDEJ.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

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

2.2yrs

Average management tenure


CEO

Jonathan Goodman (57yo)

1.7yrs

Tenure

CA$507,497

Compensation

Mr. Jonathan Carter Goodman, P. Eng., CFA, MBA, has been Chairman of Toachi Mining Inc. since January 31, 2018. Mr. Goodman has been the Chairman at Dundee Corporation since January 10, 2018 and also has b ...


CEO Compensation Analysis

Compensation vs Market: Jonathan's total compensation ($USD382.96K) is about average for companies of similar size in the US market ($USD521.92K).

Compensation vs Earnings: Jonathan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Goodman
Chairman & CEO1.7yrsCA$507.50k0.75% CA$668.8k
Robert Sellars
Executive VP & CFO1.8yrsCA$780.43kno data
Richard McIntyre
Executive VP & COO2.7yrsCA$874.18k0.021% CA$18.6k
John Vincic
Head of Investor & Media Relations0yrsno datano data
Carl Calandra
Vice President of Legal0.4yrsno datano data
L. Morphy
Vice President of Corporate Development4.1yrsno datano data
Naomi Ruby
Human Resources Consultant7.1yrsno datano data
Mark Pereira
Corporate Secretary0.4yrsno datano data
Perina Montesano
Vice President of Internal Audit10.7yrsno datano data
Colin Jones
Executive of Dundee Resources0yrsCA$1.30mno data

2.2yrs

Average Tenure

Experienced Management: DDEJ.F's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonathan Goodman
Chairman & CEO1.7yrsCA$507.50k0.75% CA$668.8k
Garth A. MacRae
Independent Director28.3yrsCA$90.50k0.40% CA$350.7k
Harold Gordon
Vice-Chairman Emeritus2.7yrsCA$216.85kno data
Peter Nixon
Director1.5yrsCA$32.83kno data
Alistair Sinclair
Independent Director8.1yrsCA$124.52kno data
Daniel Goodman
Chairman Emeritus2.7yrsCA$77.00kno data
Andrew Molson
Independent Director4.7yrsCA$132.50kno data
Isabel Meharry
Director0.7yrsno datano data
Lila A. Murphy
Director1.5yrsCA$38.83kno data
Tanya Covassin
Director0.7yrsno datano data

2.4yrs

Average Tenure

73yo

Average Age

Experienced Board: DDEJ.F's board of directors are not considered experienced ( 2.4 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: DDEJ.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.8%.


Top Shareholders

Company Information

Dundee Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dundee Corporation
  • Ticker: DDEJ.F
  • Exchange: OTCPK
  • Founded: 1984
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: CA$117.525m
  • Listing Market Cap: CA$88.684m
  • Shares outstanding: 103.09m
  • Website: https://www.dundeecorp.com

Location

  • Dundee Corporation
  • One Adelaide Street, East
  • Suite 2000
  • Toronto
  • Ontario
  • M5C 2V9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DC.ATSX (The Toronto Stock Exchange)YesClass A Subordinate Voting SharesCACADOct 1991
DDEJ.FOTCPK (Pink Sheets LLC)YesClass A Subordinate Voting SharesUSUSDOct 1991
1DUABST (Boerse-Stuttgart)YesClass A Subordinate Voting SharesDEEUROct 1991
DC.PRBTSX (The Toronto Stock Exchange)PFD 5 YR SR 3CACADSep 2009
DNDE.FOTCPK (Pink Sheets LLC)PFD 5 YR SR 3USCADSep 2009
DC.PRDTSX (The Toronto Stock Exchange)PFD 5 YR SR 3CACADOct 2014
DNDP.FOTCPK (Pink Sheets LLC)PFD 5 YR SR 3USUSDOct 2014
DC.PRETSX (The Toronto Stock Exchange)1ST PRD SHS S5CACADFeb 2016

Biography

Dundee Corporation, an asset management company, provides wealth management, real estate, resources, and investment services in Canada and the United States. The company’s Wealth Management segment offers investment management, financial advisory, capital market, and various banking services. This segment also creates, manages, and administers investment products, as well as provides internal and third-party management, and advisory services to various investment products, including mutual funds, private clients, portfolio solutions, tax-assisted investment products, closed-end investment products, and alternative investment products. In addition, it offers investment banking, institutional sales, and trading and investment research. Its Real Estate segment involves in land, housing, and resort development activities, as well as provides asset management and advisory services, including sourcing, acquiring, managing, and developing commercial and residential real estate. The company’s Resources segment engages in the exploration and development of oil and gas properties in Spain and Tunisia, as well as in the acquisition, exploration, development, and mining of precious metals. Dundee Corporation was founded in 1984. It was formerly known as Dundee Bancorp, Inc. and changed its name to Dundee Corporation in 2004. Dundee Corporation is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:24
End of Day Share Price2020/02/14 00:00
Earnings2019/09/30
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.