OTCPK:DDEJ.F

Stock Analysis Report

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Executive Summary

Dundee Corporation is a publicly owned investment manager. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.


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

-0.4%

DDEJ.F

-0.3%

US Real Estate

-1.4%

US Market


1 Year Return

37.1%

DDEJ.F

-15.4%

US Real Estate

17.8%

US Market

Return vs Industry: DDEJ.F exceeded the US Real Estate industry which returned -14.1% over the past year.

Return vs Market: DDEJ.F exceeded the US Market which returned 18.5% over the past year.


Shareholder returns

DDEJ.FIndustryMarket
7 Day-0.4%-0.3%-1.4%
30 Day-3.0%22.8%4.7%
90 Day1.5%15.5%8.2%
1 Year37.1%37.1%-13.1%-15.4%20.5%17.8%
3 Year-58.8%-58.8%-12.3%-18.8%42.2%32.7%
5 Year-83.2%-83.2%-12.5%-21.9%83.4%62.7%

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?

0.42x

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 US 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 (0.4x) compared to the US Real Estate industry average (1x).


Next Steps

Future Growth

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

65.8%

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.


Next Steps

Past Performance

How has Dundee performed over the past 5 years?

34.7%

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 34.7% 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 (7.1%).


Return on Equity

High ROE: DDEJ.F has a negative Return on Equity (-36.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is Dundee's financial position?


Financial Position Analysis

Short Term Liabilities: DDEJ.F's short term assets (CA$186.7M) exceed its short term liabilities (CA$46.4M).

Long Term Liabilities: DDEJ.F's short term assets (CA$186.7M) exceed its long term liabilities (CA$58.3M).


Debt to Equity History and Analysis

Debt Level: DDEJ.F's debt to equity ratio (10%) is considered satisfactory.

Reducing Debt: DDEJ.F's debt to equity ratio has reduced from 20.7% to 10% 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: DDEJ.F has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: DDEJ.F has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 36.3% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Jonathan Goodman (58 yo)

2.33yrs

Tenure

CA$1,221,994

Compensation

Mr. Jonathan Carter Goodman, P. Eng., CFA, MBA, has been Chairman of Toachi Mining Inc. since January 31, 2018. Mr. Goodman serves as President of Dundee Corporation since October 16, 2020 and has been its ...


CEO Compensation Analysis

Compensation vs Market: Jonathan's total compensation ($USD930.50K) is above average for companies of similar size in the US market ($USD589.00K).

Compensation vs Earnings: Jonathan's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Goodman
CEO, President & Director2.33yrsCA$1.22m2.26%
CA$ 2.4m
Robert Sellars
Executive VP & CFO2.42yrsCA$1.19m0.041%
CA$ 43.0k
John Vincic
Head of Investor & Media Relationsno datano datano data
Carl Calandra
Vice President of Legal1.08yrsno datano data
Naomi Ruby
Human Resources Consultant7.75yrsno datano data
Mark Pereira
Corporate Secretary1.08yrsno datano data
Perina Montesano
Vice President of Internal Audit11.33yrsno datano data
Colin Jones
Executive of Dundee Resourcesno dataCA$1.30mno data

2.4yrs

Average Tenure

Experienced Management: DDEJ.F's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonathan Goodman
CEO, President & Director2.33yrsCA$1.22m2.26%
CA$ 2.4m
Steven Sharpe
Independent Director1.17yrsCA$29.45kno data
Harold Gordon
Vice-Chairman Emeritus3.33yrsCA$216.85kno data
Peter Nixon
Independent Chairmanno dataCA$119.25kno data
Alistair Sinclair
Independent Director8.75yrsCA$116.00k0.11%
CA$ 116.0k
Daniel Goodman
Chairman Emeritus3.33yrsCA$77.00kno data
Andrew Molson
Independent Director5.33yrsCA$116.75kno data
Isabel Meharry
Independent Director1.33yrsCA$49.48kno data
Lila A. Murphy
Independent Director2.17yrsCA$90.50kno data
Tanya Covassin
Independent Director1.33yrsCA$49.48kno data
Allen Palmiere
Independent Director1.33yrsCA$66.98kno data

2.5yrs

Average Tenure

66yo

Average Age

Experienced Board: DDEJ.F's board of directors are not considered experienced ( 2.5 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 and sold the same number of shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


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$137.113m
  • Listing Market Cap: CA$104.406m
  • 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 2CACADSep 2009
DNDE.FOTCPK (Pink Sheets LLC)PFD 5 YR SR 2USUSDSep 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 is a publicly owned investment manager. Through its operating subsidiaries, the firm is engaged in diverse business activities in the areas of investment advisory, corporate finance, en ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 23:37
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.