OTCPK:DRUN.F

Stock Analysis Report

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Executive Summary

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm.

Rewards


Snowflake Analysis

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DRUN.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.4%

DRUN.F

5.4%

US Real Estate

1.1%

US Market


1 Year Return

14.5%

DRUN.F

-23.6%

US Real Estate

4.6%

US Market

Return vs Industry: DRUN.F exceeded the US Real Estate industry which returned -27.6% over the past year.

Return vs Market: DRUN.F exceeded the US Market which returned 4.1% over the past year.


Shareholder returns

DRUN.FIndustryMarket
7 Day7.4%5.4%1.1%
30 Day-3.4%4.7%5.5%
90 Day-35.1%-31.2%-4.9%
1 Year15.7%14.5%-23.1%-23.6%7.0%4.6%
3 Year13.7%12.1%-21.5%-23.2%28.6%20.1%
5 Year-19.4%-20.6%-30.3%-32.4%52.5%35.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Dream Unlimited 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: DRUN.F ($6.2) is trading below our estimate of fair value ($48.52)

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


Price To Earnings Ratio

PE vs Industry: DRUN.F is good value based on its PE Ratio (1.6x) compared to the Real Estate industry average (14.4x).

PE vs Market: DRUN.F is good value based on its PE Ratio (1.6x) compared to the US market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: DRUN.F's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: DRUN.F is good value based on its PB Ratio (0.6x) compared to the US Real Estate industry average (1x).

Future Growth

How is Dream Unlimited forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-128.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DRUN.F's earnings are forecast to decline over the next 3 years (-128.1% per year).

Earnings vs Market: DRUN.F's earnings are forecast to decline over the next 3 years (-128.1% per year).

High Growth Earnings: DRUN.F's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DRUN.F's revenue is expected to decline over the next 3 years (-61.4% per year).

High Growth Revenue: DRUN.F's revenue is forecast to decline over the next 3 years (-61.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DRUN.F's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Dream Unlimited performed over the past 5 years?

26.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DRUN.F has a large one-off gain of CA$289.4M impacting its March 31 2020 financial results.

Growing Profit Margin: DRUN.F's current net profit margins (78.8%) are higher than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: DRUN.F's earnings have grown significantly by 26.2% per year over the past 5 years.

Accelerating Growth: DRUN.F's earnings growth over the past year (5167.5%) exceeds its 5-year average (26.2% per year).

Earnings vs Industry: DRUN.F earnings growth over the past year (5167.5%) exceeded the Real Estate industry -6.4%.


Return on Equity

High ROE: DRUN.F's Return on Equity (36.8%) is considered high.

Financial Health

How is Dream Unlimited's financial position?


Financial Position Analysis

Short Term Liabilities: DRUN.F's short term assets (CA$1.4B) exceed its short term liabilities (CA$414.4M).

Long Term Liabilities: DRUN.F's short term assets (CA$1.4B) exceed its long term liabilities (CA$993.7M).


Debt to Equity History and Analysis

Debt Level: DRUN.F's debt to equity ratio (53.5%) is considered high.

Reducing Debt: DRUN.F's debt to equity ratio has reduced from 69.9% to 53.5% over the past 5 years.

Debt Coverage: DRUN.F's debt is well covered by operating cash flow (21.4%).

Interest Coverage: DRUN.F's interest payments on its debt are well covered by EBIT (11.8x coverage).


Balance Sheet

Dividend

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

1.40%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: DRUN.F's dividend (1.4%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: DRUN.F's dividend (1.4%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether DRUN.F's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if DRUN.F's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (2%), DRUN.F's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

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

3.3yrs

Average management tenure


CEO

Michael Cooper (58yo)

no data

Tenure

CA$4,562,890

Compensation

Mr. Michael J. Cooper serves as Portfolio Manager of Dream Hard Asset Alternatives Trust. Mr. Cooper has been Chief Executive Officer of Dream Office Real Estate Investment Trust since January 1, 2018 and  ...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD3.31M) is above average for companies of similar size in the US market ($USD2.29M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Cooper
Presidentno dataCA$4.56mno data
Lindsay Brand
Chief Investment Officer1.92yrsCA$552.72kno data
Daniel Marinovic
Chief Development Officer6.67yrsCA$823.19k0.019% CA$111.9k
Meaghan Peloso
VP & Chief Accounting Officerno datano datano data
Kim Lefever
Director of Investor Relationsno datano datano data
Robert Hughes
Legal Counsel & Senior VPno datano datano data
Jason Lester
Vice Chair of Development3.33yrsCA$3.10m0.090% CA$516.6k
Bruce Traversy
Senior Vice Presidentno datano datano data
Brian Pauls
Senior Vice President of Industrialno datano datano data
Rahul Idnani
President of Dream Equity Partnersno datano datano data

3.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: DRUN.F's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Cooper
Presidentno dataCA$4.56mno data
Joanne Ferstman
Independent Chairman of the Board3yrsCA$237.00k0.022% CA$129.0k
Duncan Newton Jackman
Independent Director3yrsCA$100.00k0.050% CA$285.8k
Daniel Goodman
Co-Founder and Chairman Emeritus3yrsCA$178.57kno data
P. Gavan
President of Asset Management & Non-Independent Director6yrsCA$1.38m0.016% CA$89.3k
James Eaton
Independent Director2yrsCA$81.04kno data
Richard Gateman
Independent Director7yrsCA$117.00k0.0084% CA$48.4k
Jennifer Koss
Independent Director6yrsCA$117.00kno data
Vincenza Sera
Independent Director7yrsCA$128.00k0.016% CA$90.8k

6.0yrs

Average Tenure

58yo

Average Age

Experienced Board: DRUN.F's board of directors are considered experienced (6 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Dream Unlimited Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dream Unlimited Corp.
  • Ticker: DRUN.F
  • Exchange: OTCPK
  • Founded: 1996
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: CA$792.449m
  • Listing Market Cap: CA$574.010m
  • Shares outstanding: 94.79m
  • Website: https://www.dream.ca

Number of Employees


Location

  • Dream Unlimited Corp.
  • State Street Financial Centre
  • Suite 301
  • Toronto
  • Ontario
  • M5C 3H1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DRMTSX (The Toronto Stock Exchange)YesClass A Subordinate Voting SharesCACADMay 2013
DRUN.FOTCPK (Pink Sheets LLC)YesClass A Subordinate Voting SharesUSUSDMay 2013

Biography

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe. The firm also seeks to invest in renewable energy infrastructure and power projects with a focus on wind, hydro, and solar in North American. Dream Unlimited Corp. was founded in 1996 and is based in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/27 02:22
End of Day Share Price2020/05/26 00:00
Earnings2020/03/31
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.