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Genesis Land Development

OTCPK:GNLA.F
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GNLA.F
OTCPK
CA$116M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Genesis Land Development Corp. engages in the acquisition, development, and sale of land, residential lots, and homes primarily in the greater Calgary area, Canada. The last earnings update was 17 days ago. More info.


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GNLA.F Share Price and Events
7 Day Returns
0%
OTCPK:GNLA.F
2.3%
US Real Estate
1.4%
US Market
1 Year Returns
-
OTCPK:GNLA.F
-13.2%
US Real Estate
5.9%
US Market
GNLA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Genesis Land Development (GNLA.F) 0% 0% 0% - - -37.7%
US Real Estate 2.3% -2.6% 18.5% -13.2% 25.4% 7.7%
US Market 1.4% 1.1% 14.8% 5.9% 36.9% 43.6%
1 Year Return vs Industry and Market
  • No trading data on GNLA.F.
  • No trading data on GNLA.F.
Price Volatility
GNLA.F
Industry
5yr Volatility vs Market

Value

 Is Genesis Land Development undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Genesis Land Development to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Genesis Land Development.

OTCPK:GNLA.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:GNLA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.231 (1 + (1- 26.5%) (27.32%))
1.32
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.32
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.32 * 5.96%)
10.6%

Discounted Cash Flow Calculation for OTCPK:GNLA.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Genesis Land Development is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:GNLA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 10.6%)
2019 10.58 Est @ -27.61% 9.57
2020 8.62 Est @ -18.51% 7.05
2021 7.58 Est @ -12.13% 5.60
2022 7.00 Est @ -7.68% 4.68
2023 6.68 Est @ -4.55% 4.03
2024 6.52 Est @ -2.37% 3.56
2025 6.46 Est @ -0.84% 3.19
2026 6.48 Est @ 0.23% 2.89
2027 6.54 Est @ 0.98% 2.64
2028 6.64 Est @ 1.51% 2.42
Present value of next 10 years cash flows CA$45.64
OTCPK:GNLA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$6.64 × (1 + 2.73%) ÷ (10.6% – 2.73%)
CA$86.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$86.69 ÷ (1 + 10.6%)10
CA$31.66
OTCPK:GNLA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$45.64 + CA$31.66
CA$77.30
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$77.30 / 42.18
CA$1.83
OTCPK:GNLA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:GNLA.F represents 0.83855x of TSX:GDC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.83855x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 1.83 x 0.83855
$1.54
Value per share (USD) From above. $1.54
Current discount Discount to share price of $2.31
= -1 x ($2.31 - $1.54) / $1.54
-50.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Genesis Land Development is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Genesis Land Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Genesis Land Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:GNLA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$0.10
TSX:GDC Share Price ** TSX (2018-12-31) in CAD CA$2.75
United States of America Real Estate Industry PE Ratio Median Figure of 28 Publicly-Listed Real Estate Companies 16.79x
United States of America Market PE Ratio Median Figure of 3,069 Publicly-Listed Companies 17.66x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Genesis Land Development.

OTCPK:GNLA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:GDC Share Price ÷ EPS (both in CAD)

= 2.75 ÷ 0.10

28.73x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Genesis Land Development is overvalued based on earnings compared to the US Real Estate industry average.
  • Genesis Land Development is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Genesis Land Development's expected growth come at a high price?
Raw Data
OTCPK:GNLA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
28.1%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 1.02x
United States of America Market PEG Ratio Median Figure of 2,106 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Genesis Land Development, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Genesis Land Development's assets?
Raw Data
OTCPK:GNLA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$4.55
TSX:GDC Share Price * TSX (2018-12-31) in CAD CA$2.75
United States of America Real Estate Industry PB Ratio Median Figure of 56 Publicly-Listed Real Estate Companies 1.46x
United States of America Market PB Ratio Median Figure of 5,160 Publicly-Listed Companies 1.89x
OTCPK:GNLA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:GDC Share Price ÷ Book Value per Share (both in CAD)

= 2.75 ÷ 4.55

0.6x

* Primary Listing of Genesis Land Development.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Genesis Land Development is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Genesis Land Development's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Genesis Land Development has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Genesis Land Development expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Genesis Land Development, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
28.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Genesis Land Development expected to grow at an attractive rate?
  • Genesis Land Development's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Genesis Land Development's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Genesis Land Development's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:GNLA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:GNLA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 28.1%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 8.7%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:GNLA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:GNLA.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 81 15 4
2018-09-30 126 35 10
2018-06-30 130 36 13
2018-03-31 150 50 17
2017-12-31 151 47 17
2017-09-30 113 26 7
2017-06-30 112 27 6
2017-03-31 99 29 5
2016-12-31 116 43 6
2016-09-30 124 30 12
2016-06-30 130 28 15
2016-03-31 136 13 13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Genesis Land Development's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Genesis Land Development is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:GNLA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Genesis Land Development Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GNLA.F Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 0.10
2018-09-30 0.24
2018-06-30 0.31
2018-03-31 0.39
2017-12-31 0.39
2017-09-30 0.16
2017-06-30 0.13
2017-03-31 0.10
2016-12-31 0.13
2016-09-30 0.28
2016-06-30 0.33
2016-03-31 0.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Genesis Land Development will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Genesis Land Development's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Genesis Land Development has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Genesis Land Development performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Genesis Land Development's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Genesis Land Development's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Genesis Land Development's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Genesis Land Development's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
Genesis Land Development's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Genesis Land Development Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:GNLA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 81.44 4.12 14.86
2018-09-30 126.15 10.48 15.19
2018-06-30 130.10 13.31 15.03
2018-03-31 149.64 16.98 15.26
2017-12-31 150.93 17.00 15.89
2017-09-30 113.43 7.07 16.29
2017-06-30 111.55 5.88 15.93
2017-03-31 99.20 4.50 15.79
2016-12-31 115.96 5.91 16.23
2016-09-30 124.39 12.49 16.95
2016-06-30 130.07 14.56 18.36
2016-03-31 135.74 13.06 19.28
2015-12-31 119.09 11.01 18.93
2015-09-30 111.02 8.51 18.54
2015-06-30 109.09 8.62 18.58
2015-03-31 112.03 14.52 18.70
2014-12-31 134.25 17.40 18.72
2014-09-30 132.07 19.52 12.69
2014-06-30 118.82 10.51 14.78
2014-03-31 106.45 4.97 14.07
2013-12-31 96.08 5.71 13.74
2013-09-30 127.12 -6.39 18.94
2013-06-30 130.78 3.21 15.59
2013-03-31 138.53 6.35 14.86
2012-12-31 129.46 8.86 13.58
2012-09-30 97.75 18.04 12.06
2012-06-30 96.08 14.96 12.65

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Genesis Land Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Genesis Land Development used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Genesis Land Development has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Genesis Land Development's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Genesis Land Development has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Genesis Land Development's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Genesis Land Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Genesis Land Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Genesis Land Development's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Genesis Land Development's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 8.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Genesis Land Development Company Filings, last reported 3 months ago.

OTCPK:GNLA.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 209.77 31.70 24.04
2018-09-30 210.24 26.61 14.70
2018-06-30 219.87 21.09 12.47
2018-03-31 220.31 21.77 15.95
2017-12-31 219.54 30.14 23.59
2017-09-30 209.42 35.38 12.96
2017-06-30 215.19 32.27 10.90
2017-03-31 211.07 36.62 3.96
2016-12-31 211.67 43.30 14.32
2016-09-30 224.78 38.56 15.94
2016-06-30 229.11 40.58 15.36
2016-03-31 226.68 48.11 9.71
2015-12-31 224.99 63.82 11.40
2015-09-30 227.43 47.07 6.51
2015-06-30 224.36 49.39 3.98
2015-03-31 230.94 51.16 8.40
2014-12-31 231.27 23.89 33.05
2014-09-30 229.02 16.52 16.69
2014-06-30 225.10 19.87 10.13
2014-03-31 220.52 32.97 20.17
2013-12-31 217.93 50.37 17.68
2013-09-30 217.28 48.91 11.51
2013-06-30 230.61 47.94 11.88
2013-03-31 229.77 50.13 11.80
2012-12-31 226.31 97.22 10.01
2012-09-30 249.18 77.24 2.55
2012-06-30 246.74 77.98 7.52
  • Genesis Land Development's level of debt (15.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (23% vs 15.1% today).
  • Debt is well covered by operating cash flow (46.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 292.4x coverage).
X
Financial health checks
We assess Genesis Land Development's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Genesis Land Development has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Genesis Land Development's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.73%
Current annual income from Genesis Land Development dividends.
If you bought $2,000 of Genesis Land Development shares you are expected to receive $175 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Genesis Land Development's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Genesis Land Development's dividend is above the markets top 25% of dividend payers in United States of America (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:GNLA.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:GNLA.F Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.240 8.469
2018-08-15 0.490 14.974
2017-12-19 0.460 12.319
2017-11-09 0.210 5.488
2017-08-14 0.210 5.795
2016-11-15 0.250 8.133
2016-11-10 0.250 8.926
2015-12-16 0.120 4.543

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Genesis Land Development has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Genesis Land Development only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Genesis Land Development's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Genesis Land Development has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Genesis Land Development's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Genesis Land Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Genesis Land Development has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Genesis Land Development's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Iain Stewart
COMPENSATION CA$119,011
AGE 56
TENURE AS CEO 0.4 years
CEO Bio

Mr. Iain Stewart, B.Comm., ICD.D, CPA., C.A. was Co-founded Parkbridge Lifestyle Communities, Inc. and served as its Co-Chief Executive Officer since February 28, 2006 and also served as its President of Western Operations. He has been the President and Chief Executive Officer of Genesis Land Development Corp. since September 20, 2018 and also serves as its Director. Until January 1, 2005, Mr. Stewart served as the Chief Financial Officer of the Partnership of Parkbridge. He has over 25 years of experience in the real estate industry, providing strategic advice in financial and capital markets activities. He served as Vice President at Rosebridge Capital Corporation from 1996 to 1997. From 1985 to 1996, he held progressively more responsible positions culminating in Vice President of Financial Services, including involvement in a small team instrumental in the restructuring and subsequent sale of Trizec Corporation. He joined Rosebridge in 1995 and joined Parkbridge at the time of its formation in 1998. He serves as Director of DC Bank. He had served an Independent Director at Genesis Land Development Corp. from September 4, 2013 to September 20, 2018 and was its Vice Chair of the Board since May 12, 2017. He has completed a number of coaching and leadership programs in North America. Mr. Stewart currently serves as President of Capella Cove Capital Corp., a real estate advisory and investment company and is a director on the board of directors of Direct Cash Bank. His Areas of expertise real estate management, development and investment, corporate strategy, restructuring and finance. He has Bachelor of Commerce from the University of Alberta and holds a Chartered Accountant designation.

CEO Compensation
  • Iain's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Iain's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Genesis Land Development management team in years:

0.4
Average Tenure
57
Average Age
  • The average tenure for the Genesis Land Development management team is less than 2 years, this suggests a new team.
Management Team

Stephen Griggs

TITLE
Executive Chairman
COMPENSATION
CA$334K
AGE
58
TENURE
0.4 yrs

Iain Stewart

TITLE
President
COMPENSATION
CA$119K
AGE
56
TENURE
0.4 yrs

Wayne King

TITLE
Chief Financial Officer
COMPENSATION
CA$252K
TENURE
1.8 yrs

Don Edwards

TITLE
Corporate Secretary
AGE
57
Board of Directors Tenure

Average tenure and age of the Genesis Land Development board of directors in years:

6
Average Tenure
58
Average Age
  • The tenure for the Genesis Land Development board of directors is about average.
Board of Directors

Stephen Griggs

TITLE
Executive Chairman
COMPENSATION
CA$334K
AGE
58
TENURE
5.6 yrs

Iain Stewart

TITLE
President
COMPENSATION
CA$119K
AGE
56
TENURE
5.6 yrs

Yazdi Bharucha

TITLE
Independent Director
COMPENSATION
CA$60K
AGE
68
TENURE
8.3 yrs

Steve Glover

TITLE
Lead Director
COMPENSATION
CA$86K
AGE
64
TENURE
3.4 yrs

Mark Mitchell

TITLE
Independent Director
COMPENSATION
CA$45K
AGE
54
TENURE
8.7 yrs

Michael Brodsky

TITLE
Independent Director
COMPENSATION
CA$40K
AGE
50
TENURE
6.7 yrs

Louden Frank Owen

TITLE
Independent Director
COMPENSATION
CA$45K
AGE
61
TENURE
6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Jan 19 Buy Smoothwater Capital Corporation Company 14. Jan 19 14. Jan 19 2,700 $2.30 $6,204
08. Jan 19 Sell Milfam LLC Company 07. Jan 19 07. Jan 19 -3,600 $2.33 $-8,384
26. Dec 18 Sell Milfam LLC Company 21. Dec 18 21. Dec 18 -1,681,700 $2.34 $-3,941,905
26. Dec 18 Buy Milfam LLC Company 21. Dec 18 21. Dec 18 840,850 $2.34 $1,970,952
26. Sep 18 Buy Iain Stewart Individual 25. Sep 18 25. Sep 18 16,600 $2.69 $44,523
X
Management checks
We assess Genesis Land Development's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Genesis Land Development has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Genesis Land Development Corp. engages in the acquisition, development, and sale of land, residential lots, and homes primarily in the greater Calgary area, Canada. It operates through two segments, Land Development and Home Building. The Land Development segment plans, rezones, subdivides, services, and sells residential communities; and commercial and industrial lands to third parties. The Home Building segment designs, constructs, and sells single-family homes and townhouses. The company was formerly known as Genesis Capital Corp. and changed its name to Genesis Land Development Corp. in October 1998. Genesis Land Development Corp. was founded in 1991 and is headquartered in Calgary, Canada.

Details
Name: Genesis Land Development Corp.
GNLA.F
Exchange: OTCPK
Founded: 1991
CA$86,793,677
42,183,621
Website: http://www.genesisland.com
Address: Genesis Land Development Corp.
7315 – 8th Street NE,
Calgary,
Alberta, T2E 8A2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX GDC Common Shares The Toronto Stock Exchange CA CAD 12. Aug 1998
OTCPK GNLA.F Common Shares Pink Sheets LLC US USD 12. Aug 1998
Number of employees
Current staff
Staff numbers
58
Genesis Land Development employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/31 00:33
End of day share price update: 2018/12/31 00:00
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.