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Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. The company owns the Sutton, Mr. Lube + Tires, Loyalty Inc., Mr. Mikes, Nurse Next Door, Oxford, Stratus, Cheba Hut, Inc. and BarBurrito trademarks. The company was formerly known as BENEV Capital Inc. and changed its name to Diversified Royalty Corp. in September 2014. Diversified Royalty Corp. was incorporated in 1992 and is headquartered in Vancouver, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Diversified Royalty Corp acquires and manages royalty and license interests that generate recurring payments tied to partner sales; long-term growth may be supported by additional royalty acquisitions and organic revenue gains at underlying brands. Investors may find the company attractive for its contractual cash-flow model and portfolio diversification that can provide more predictable income than operating companies.
Key investment risks include concentration of cash flow among a limited number of royalty payors and sensitivity to partner performance, together with financing and execution risk when funding and integrating new royalty acquisitions.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 50.98M | 37.49M | 43.59M | 23.50M | 32.68M |
| Net income | 36.67M | 26.62M | 31.72M | 15.56M | 23.52M |
| Selling general administrative | 6.02M | 6.60M | 5.76M | 4.85M | 4.17M |
| Selling and marketing expenses | - | - | 0.10M | - | - |
| Gross profit | 70.69M | 64.89M | 56.40M | 45.18M | 37.28M |
| Reconciled depreciation | 0.10M | 0.10M | 0.10M | 0.10M | 0.09M |
| Ebit | 64.77M | 55.11M | 58.67M | 32.78M | 34.83M |
| Ebitda | 64.86M | 55.21M | 58.77M | 39.23M | 32.39M |
| Depreciation and amortization | 0.10M | 0.10M | 0.10M | 6.45M | -2.44M |
| Operating income | 64.77M | 50.19M | 50.82M | 32.78M | 34.83M |
| Other operating expenses | 6.02M | 14.80M | 5.67M | 4.85M | 4.17M |
| Interest expense | 18.29M | 18.43M | 15.26M | 10.83M | 8.38M |
| Tax provision | 14.31M | 10.87M | 11.87M | 7.94M | 9.17M |
| Interest income | 0.24M | 15.61M | 0.24M | 0.17M | 2.15M |
| Net interest income | -18.51M | -18.07M | -15.00M | -12.03M | -9.19M |
| Income tax expense | 14.31M | 10.87M | 11.87M | 7.94M | 9.17M |
| Total revenue | 70.79M | 64.99M | 56.49M | 45.18M | 37.28M |
| Total operating expenses | 5.92M | 14.80M | 5.67M | 4.85M | 4.17M |
| Cost of revenue | 0.10M | 0.10M | 0.10M | - | - |
| Total other income expense net | -13.79M | -12.70M | -7.23M | -9.28M | -2.15M |
| Net income from continuing ops | 36.67M | 26.62M | 31.72M | 15.56M | 23.52M |
| Net income applicable to common shares | - | 26.62M | 31.72M | 15.56M | 23.52M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 612.25M | 578.98M | 567.35M | 458.45M | 380.76M |
| Intangible assets | 558.92M | 510.13M | 511.49M | 398.59M | 320.60M |
| Other current assets | 0.22M | 0.11M | 2.62M | 2.51M | 0.30M |
| Total liab | 323.66M | 290.18M | 329.95M | 224.56M | 189.24M |
| Total stockholder equity | 288.59M | 288.80M | 237.40M | 233.89M | 191.53M |
| Other current liab | 7.63M | 0.15M | 1.56M | 1.49M | 3.10M |
| Common stock | 330.55M | - | 260.14M | 253.14M | 201.97M |
| Capital stock | 330.55M | 319.51M | 260.14M | 253.14M | 201.97M |
| Retained earnings | -89.53M | -81.70M | -67.99M | -65.32M | -52.84M |
| Other liab | - | - | - | 17.92M | 13.90M |
| Other assets | - | - | - | - | 0.65M |
| Cash | 4.61M | 19.69M | 4.03M | 7.41M | 8.94M |
| Cash and equivalents | - | - | - | - | 8.94M |
| Total current liabilities | 16.87M | 5.65M | 18.54M | 6.86M | 61.62M |
| Current deferred revenue | - | - | -1.56M | - | - |
| Net debt | 251.54M | 240.14M | 301.13M | 192.37M | 160.72M |
| Short term debt | 9.14M | - | 16.73M | - | 55.97M |
| Short long term debt | 9.14M | - | 16.73M | - | 55.97M |
| Short long term debt total | 256.15M | - | 305.16M | 199.78M | 169.66M |
| Other stockholder equity | 40.19M | - | 40.35M | 44.90M | 42.39M |
| Property plant equipment | - | - | - | 0.80M | 0.90M |
| Total current assets | 11.41M | 25.80M | 12.84M | 15.51M | 14.16M |
| Long term investments | 39.76M | 40.90M | 40.83M | 42.34M | 44.47M |
| Net tangible assets | - | - | - | -164.70M | -129.07M |
| Short term investments | - | - | 2.28M | - | - |
| Net receivables | 6.58M | 5.97M | 6.18M | 5.59M | 4.92M |
| Long term debt | 276.13M | 259.83M | 287.72M | 199.01M | 112.86M |
| Inventory | - | - | 0.00M | - | - |
| Accounts payable | 0.10M | 0.12M | 1.80M | 5.38M | 2.54M |
| Accumulated other comprehensive income | 7.39M | - | 4.90M | 1.17M | - |
| Non currrent assets other | 0.53M | - | 0.71M | 1.21M | 0.65M |
| Non current assets total | 600.84M | 553.18M | 554.51M | 442.94M | 366.61M |
| Capital lease obligations | 0.56M | 0.64M | 0.71M | 0.77M | 0.83M |
| Long term debt total | - | - | - | - | 113.69M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -0.01M | -77.22M | -79.31M | -16.96M |
| Change to liabilities | - | - | - | -1.49M | -0.63M |
| Total cashflows from investing activities | -49.51M | -0.01M | -77.22M | -79.31M | -16.96M |
| Net borrowings | 28.86M | -47.75M | 73.83M | 31.48M | 11.44M |
| Total cash from financing activities | -10.53M | -30.77M | 43.05M | 49.37M | -11.14M |
| Change to operating activities | - | - | - | -0.77M | -0.08M |
| Net income | 36.67M | 26.62M | 31.72M | 15.56M | 23.52M |
| Change in cash | -15.08M | 15.66M | -3.38M | -1.53M | -0.28M |
| Begin period cash flow | 19.69M | 4.03M | 7.41M | 8.94M | 9.22M |
| End period cash flow | 4.61M | 19.69M | 4.03M | 7.41M | 8.94M |
| Total cash from operating activities | 45.42M | 46.49M | 30.82M | 28.38M | 27.82M |
| Issuance of capital stock | 0.00M | 50.99M | 0.00M | 46.00M | 0.00M |
| Depreciation | 0.10M | 0.10M | 0.10M | 0.10M | 0.09M |
| Other cashflows from investing activities | - | - | -77.22M | - | - |
| Dividends paid | 38.70M | -34.82M | -30.09M | 24.50M | 22.11M |
| Change to account receivables | -0.58M | 0.27M | -0.30M | -0.67M | -0.61M |
| Sale purchase of stock | - | 52.61M | - | - | 0.00M |
| Other cashflows from financing activities | -0.80M | 0.81M | -0.69M | 129.10M | 10.98M |
| Change to netincome | - | - | - | 14.78M | 4.71M |
| Capital expenditures | 0.01M | 0.01M | 77.22M | 79.31M | 16.96M |
| Change in working capital | -3.78M | -0.30M | -3.58M | -2.92M | -1.33M |
| Stock based compensation | 1.61M | 2.15M | 1.38M | 1.18M | 1.03M |
| Other non cash items | 3.72M | 7.05M | -4.80M | 6.52M | -4.66M |
| Free cash flow | 45.41M | 46.48M | -46.41M | -50.93M | 10.86M |
Sector: Industrials Industry: Specialty Business Services
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| DIV Diversified Royalty Corp |
0.02 0.49% |
4.14 | 20.29 | 18.69 | 10.29 | 2.55 | 14.36 | 14.84 |
| TRI Thomson Reuters Corp |
-0.31 0.19% |
163.24 | 29.30 | 21.14 | 7.86 | 3.53 | 5.88 | 14.42 |
| RBA RB Global |
-1.73 1.30% |
131.18 | 50.85 | 23.64 | 5.75 | 3.45 | 5.12 | 17.13 |
| CGY Calian Technologies Ltd |
-4.13 4.71% |
83.58 | 31.41 | 16.50 | 1.02 | 2.54 | 1.21 | 10.99 |
| DXT Dexterra Group Inc |
-0.34 1.72% |
19.41 | 18.32 | 15.38 | 0.71 | 2.64 | 0.93 | 8.97 |
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. The company owns the Sutton, Mr. Lube + Tires, Loyalty Inc., Mr. Mikes, Nurse Next Door, Oxford, Stratus, Cheba Hut, Inc. and BarBurrito trademarks. The company was formerly known as BENEV Capital Inc. and changed its name to Diversified Royalty Corp. in September 2014. Diversified Royalty Corp. was incorporated in 1992 and is headquartered in Vancouver, Canada.
609 Granville Street, Vancouver, BC, Canada, V7Y 1A1
604 235 3146
44
| Name | Title | Year Born |
|---|---|---|
| Mr. Sean Morrison C.A., CPA, CA | Pres & CEO | 1970 |
| Mr. Greg Gutmanis | CFO, VP of Acquisitions & Corp. Sec. | NA |
| Ms. Abigail Meana | Corp. Controller | NA |
| Mr. Adrian Law | Corp. Controller | NA |
| Mr. Sean Morrison C.A., CPA | President & CEO | 1970 |
| Mr. Greg Gutmanis | CFO, VP of Acquisitions & Corporate Secretary | NA |
| Ms. Abigail Meana | Corporate Controller | NA |
| Mr. Adrian Law | Corporate Controller | NA |
| Mr. Sean Morrison C.A., CPA | CEO & Director | 1970 |
| Mr. Greg Gutmanis | President & CFO | NA |
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