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Last update at 2024-11-21T19:32:00Z
DLC Releases Q3-2023 Results; YTD Funded Volumes of $42.3 Billion; Management Change
Tue 07 Nov 23, 10:00 PMDLC Releases Q2-2023 Results; YTD Funded Volumes of $24.6 Billion
Wed 09 Aug 23, 09:00 PMNewton Obtains Data Security Standard Audit
Tue 01 Aug 23, 02:33 PMDominion Lending Centres Renews Normal Course Issuer Bid and Automatic Share Purchase Plan
Thu 25 May 23, 12:00 PMDominion Lending Centres Inc. Announces Quarterly Dividend
Thu 18 May 23, 12:00 PMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | 18.99M | 4.84M | 13.06M | 6.99M | -8.34600M |
Minority interest | -0.22500M | -1.56500M | -5.52200M | -2.33600M | -0.68500M |
Net income | 12.06M | -3.94300M | 20.04M | 2.47M | -20.37700M |
Selling general administrative | 27.12M | 26.02M | 21.09M | 37.20M | 57.59M |
Selling and marketing expenses | 2.52M | 1.43M | 2.14M | 3.64M | 3.09M |
Gross profit | 60.02M | 68.97M | 45.80M | 73.95M | 91.72M |
Reconciled depreciation | 7.25M | 6.85M | 16.36M | 19.64M | 17.27M |
Ebit | 26.39M | 37.39M | 18.25M | 19.18M | 10.01M |
Ebitda | 35.09M | 43.19M | 34.27M | 37.09M | 27.28M |
Depreciation and amortization | 8.71M | 5.80M | 16.02M | 17.91M | 17.27M |
Non operating income net other | - | - | - | - | - |
Operating income | 26.39M | 37.39M | 18.25M | 19.18M | 10.01M |
Other operating expenses | 44.33M | 41.43M | 34.05M | 71.14M | 119.77M |
Interest expense | 4.60M | 31.74M | 4.91M | 12.24M | 7.54M |
Tax provision | 6.71M | 8.79M | -10.80900M | 4.36M | 11.80M |
Interest income | 1.01M | 6.66M | 5.08M | 8.71M | 12.60M |
Net interest income | -4.75200M | -33.35100M | -5.70000M | -13.69000M | -8.57100M |
Extraordinary items | - | 0.00000M | 1.69M | -3.00100M | -7.25700M |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | 6.71M | 8.79M | -10.80900M | 4.52M | 12.03M |
Total revenue | 70.72M | 78.82M | 52.41M | 90.32M | 133.54M |
Total operating expenses | 33.63M | 31.58M | 27.44M | 54.77M | 77.95M |
Cost of revenue | 10.70M | 9.85M | 6.62M | 16.38M | 41.82M |
Total other income expense net | -7.39300M | -32.54200M | -5.18600M | -12.18900M | -18.35500M |
Discontinued operations | - | - | 1.69M | -3.00100M | - |
Net income from continuing ops | 12.29M | -3.94300M | 23.87M | 2.47M | -20.37700M |
Net income applicable to common shares | 12.06M | -5.50800M | 20.04M | -6.74700M | -21.06200M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 227.78M | 223.94M | 253.93M | 260.19M | 321.82M |
Intangible assets | 126.91M | 125.31M | 121.43M | 123.09M | 138.40M |
Earning assets | - | - | - | - | - |
Other current assets | -20.61300M | - | 1.56M | - | 2.09M |
Total liab | 201.83M | 191.75M | 220.10M | 209.30M | 163.98M |
Total stockholder equity | 25.70M | 31.96M | 31.74M | 49.47M | 73.71M |
Deferred long term liab | - | - | - | - | - |
Other current liab | 16.67M | 31.24M | 60.32M | 32.49M | 14.86M |
Common stock | 135.71M | 136.02M | 118.02M | 130.22M | 115.39M |
Capital stock | 135.71M | 136.02M | 118.02M | 130.22M | 115.39M |
Retained earnings | -122.38800M | -116.63800M | -101.83000M | -96.32200M | -56.75200M |
Other liab | - | - | 14.87M | 35.10M | 35.17M |
Good will | 60.44M | 60.44M | 60.44M | 60.44M | 88.92M |
Other assets | 9.68M | 1.41M | 0.30M | 16.65M | 0.56M |
Cash | 5.61M | 9.21M | 20.89M | 10.32M | 5.46M |
Cash and equivalents | - | 9.21M | 20.89M | 10.32M | 5.46M |
Total current liabilities | 33.23M | 38.41M | 64.59M | 42.02M | 42.42M |
Current deferred revenue | 0.62M | 0.48M | 1.13M | 0.90M | 0.67M |
Net debt | 150.49M | 29.71M | 17.88M | 33.17M | 105.57M |
Short term debt | 13.46M | 5.17M | 1.67M | 7.83M | 24.65M |
Short long term debt | - | - | - | - | 22.20M |
Short long term debt total | 156.10M | 38.93M | 38.76M | 43.49M | 111.03M |
Other stockholder equity | 134.17M | 11.78M | 15.57M | 15.57M | 15.30M |
Property plant equipment | - | 6.24M | 2.21M | 2.50M | 64.37M |
Total current assets | 22.62M | 26.56M | 40.78M | 26.48M | 27.79M |
Long term investments | 5.65M | 8.03M | 28.76M | 30.03M | 1.79M |
Net tangible assets | - | -153.78500M | -150.12600M | -134.05800M | -153.60600M |
Short term investments | - | - | - | - | - |
Net receivables | 15.00M | 14.17M | 18.33M | 14.51M | 16.68M |
Long term debt | 34.01M | 32.01M | 138.78M | 129.89M | 38.97M |
Inventory | 0.00000M | - | - | 0.00000M | 3.56M |
Accounts payable | 2.48M | 1.52M | 1.47M | 0.80M | 2.24M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | 0.59M | 0.79M | -0.02100M | - | -0.22300M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | - | - | - | - |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | - | - | - | - |
Treasury stock | - | - | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | -8.90200M | 1.41M | 0.30M | 2.02M | 0.56M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 195.49M | 197.38M | 213.14M | 233.72M | 294.03M |
Capital lease obligations | 1.75M | 2.26M | 2.30M | 2.71M | 49.86M |
Long term debt total | - | 137.73M | 140.65M | 132.19M | 86.38M |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Investments | 9.10M | -4.75900M | -13.77700M | -6.74200M | -21.51200M |
Change to liabilities | -9.60900M | 11.94M | 10.88M | 0.07M | - |
Total cashflows from investing activities | 9.10M | -4.75900M | -13.77700M | -6.74200M | -21.51200M |
Net borrowings | - | -6.63200M | -15.92900M | -19.88900M | - |
Total cash from financing activities | -36.64000M | -23.74500M | -14.46000M | -20.36600M | 2.35M |
Change to operating activities | -1.37400M | 0.28M | -0.37300M | 0.28M | - |
Net income | 12.29M | -3.94300M | 25.56M | -4.41100M | -20.37700M |
Change in cash | -11.67200M | 10.57M | 4.86M | 0.36M | -4.45500M |
Begin period cash flow | 20.89M | 10.32M | 5.46M | 5.09M | 9.55M |
End period cash flow | 9.21M | 20.89M | 10.32M | 5.46M | 5.09M |
Total cash from operating activities | 15.87M | 39.06M | 33.19M | 27.48M | 14.65M |
Issuance of capital stock | - | 0.00000M | 7.50M | - | - |
Depreciation | 7.25M | 6.85M | 16.36M | 19.64M | 17.27M |
Other cashflows from investing activities | 16.34M | 0.27M | -5.04200M | 4.57M | -8.68600M |
Dividends paid | 15.06M | 13.77M | 13.77M | 0.48M | 1.91M |
Change to inventory | - | 0.00000M | 0.80M | 0.43M | - |
Change to account receivables | 3.93M | -4.01300M | -1.11700M | 2.21M | - |
Sale purchase of stock | -7.35000M | -0.94800M | - | 0.00000M | 0.11M |
Other cashflows from financing activities | 17.80M | 39.90M | -4.48100M | 5.75M | 9.77M |
Change to netincome | 3.46M | 27.91M | -14.19800M | 8.67M | - |
Capital expenditures | 7.24M | 5.03M | 8.73M | 11.31M | 12.83M |
Change receivables | - | - | - | - | - |
Cash flows other operating | - | - | - | - | - |
Exchange rate changes | - | - | - | - | - |
Cash and cash equivalents changes | - | - | - | - | - |
Change in working capital | -7.05600M | 8.20M | 10.20M | 2.99M | -5.53500M |
Stock based compensation | -0.10400M | 1.11M | 1.66M | 0.38M | 0.41M |
Other non cash items | 0.94M | 24.68M | -2.74000M | 10.91M | 16.93M |
Free cash flow | 8.63M | 34.03M | 24.45M | 16.17M | 1.82M |
Sector: Financial Services Industry: Mortgage Finance
Company | 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) |
---|---|---|---|---|---|---|---|---|
DLCG Dominion Lending Centres Inc |
0.28 4.50% | 6.50 | 28.52 | 16.64 | 4.24 | 8.92 | 4.43 | 9.07 |
FN First National Financial Corp |
0.56 1.27% | 44.60 | 14.36 | 10.43 | 4.05 | 3.97 | 83.61 | |
FN-PA First National Financial Corp Pref A |
- -% | 11.90 | 3.70 | - | 2.31 | - | ||
ECN ECN Capital Corp |
-0.03 1.05% | 2.83 | - | 14.06 | 6.36 | 7.72 | 8.13 | 31.09 |
ECN-PC ECN Capital Corp |
0.27 1.55% | 17.67 | 3.39 | - | 7.61 | - |
Dominion Lending Centres Inc. provides mortgage brokerage franchising and mortgage broker data connectivity services in Canada. It also provides end-to-end services to automate the mortgage application, approval, underwriting, and funding process; and additional services providing management of daily operations and data resources access. The company provides its software and services through various lender and broker facing products under Velocity, Link, and Isaac brand names. The company was formerly known as Founders Advantage Capital Corp. Dominion Lending Centres Inc. was incorporated in 1998 and is headquartered in Port Coquitlam, Canada.
2215 Coquitlam Avenue, Port Coquitlam, BC, Canada, V3B 1J6
Name | Title | Year Born |
---|---|---|
Mr. Gary Brian Mauris | Co-Founder, CEO & Exec. Chairman | 1969 |
Mr. Chris Kayat | Co-Founder & Exec. Vice-Chairman | 1966 |
Mr. James Geral M. Bell L.L.B. | Co-Pres, Corp. Sec. & Director | 1975 |
Mr. Edward Cocciollo | Co-Pres | NA |
Ms. Robin C. Burpee | Co-Chief Financial Officer | NA |
Mr. Geoffrey Henry Hague | Co-Chief Financial Officer | NA |
Mr. Dong Lee | Chief Operating Officer | 1973 |
Slawomir Kownacki | Chief Technology Officer | NA |
Mr. Amardeep S. Leekha M.B.A., MBA | Sr. VP of Capital Markets | NA |
Mr. Dave Teixeira | Exec. VP of DLC Group | NA |
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