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Genesis Land Development Corp.

Real Estate CA GDC

3.39CAD
-0.12(3.42%)

Last update at 2024-05-16T19:37:00Z

Day Range

3.393.51
LowHigh

52 Week Range

1.812.41
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

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
Income before tax 6.02M 14.36M -0.25200M 5.85M 5.54M
Minority interest 0.13M -0.10300M 12.08M 18.94M 17.80M
Net income 4.52M 10.88M -0.20500M 3.04M 4.12M
Selling general administrative 14.79M 12.03M 10.41M 11.22M 10.41M
Selling and marketing expenses 5.82M 5.14M 4.46M 4.23M 4.45M
Gross profit 27.16M 31.84M 15.71M 21.42M 20.41M
Reconciled depreciation - - - - -
Ebit 7.12M 15.24M 0.84M 5.97M 5.54M
Ebitda 6.73M 14.76M 2.01M 7.27M 6.06M
Depreciation and amortization -0.38800M -0.47300M 1.16M 1.30M -
Non operating income net other - - - - -
Operating income 7.12M 15.24M 0.84M 5.97M 5.55M
Other operating expenses 133.80M 95.09M 103.09M 62.13M 75.88M
Interest expense 1.27M 0.97M 2.26M 1.42M 0.18M
Tax provision 1.63M 3.38M -0.04700M 2.81M 1.76M
Interest income 0.76M 0.63M 0.76M 0.07M 0.15M
Net interest income -1.10000M -0.88200M -1.09600M -0.11600M -0.01900M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 1.63M 3.38M -0.04700M 2.81M 1.76M
Total revenue 140.36M 109.76M 103.93M 68.10M 81.44M
Total operating expenses 20.60M 17.17M 14.87M 15.45M 14.86M
Cost of revenue 113.20M 77.92M 88.22M 46.68M 61.02M
Total other income expense net -1.10000M -0.88200M -1.09600M -0.11600M -0.01900M
Discontinued operations - - - - -
Net income from continuing ops 4.39M 10.98M -0.20500M 3.04M 3.78M
Net income applicable to common shares 4.52M 10.88M 0.20M 1.70M 4.12M
Preferred stock and other adjustments - - - - -
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
Total assets 364.14M 324.93M 266.49M 296.27M 278.16M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 7.97M 6.58M 13.31M 14.43M 1.34M
Total liab 136.80M 88.99M 66.73M 83.37M 68.39M
Total stockholder equity 224.63M 228.62M 187.68M 193.96M 191.97M
Deferred long term liab - - - - -
Other current liab 0.70M 2.09M 6.28M - -
Common stock 82.38M 82.38M 52.49M 52.87M 52.90M
Capital stock 82.38M 82.38M 52.49M 52.87M 52.90M
Retained earnings 141.19M 145.20M 134.32M 140.49M 138.81M
Other liab 55.70M 36.11M 24.10M 23.69M 24.01M
Good will - - - - -
Other assets 16.10M 13.07M 13.70M 14.47M 9.40M
Cash 36.60M 63.98M 29.74M 16.25M 24.04M
Cash and equivalents 36.60M 63.98M 29.74M 16.25M 24.04M
Total current liabilities 46.87M 37.50M 24.26M 12.49M 12.68M
Current deferred revenue 15.75M 9.00M 3.89M 4.59M -
Net debt 29.30M -30.46500M -7.48300M 35.53M 7.65M
Short term debt 0.00000M 0.00000M 0.00000M 12.46M 9.50M
Short long term debt - - - 12.46M 9.50M
Short long term debt total 65.90M 33.51M 22.26M 51.78M 31.70M
Other stockholder equity 1.06M 1.04M 0.87M 0.60M 0.26M
Property plant equipment 2.15M 2.14M 1.67M 0.64M 0.43M
Total current assets 66.73M 84.19M 51.86M 56.53M 63.18M
Long term investments 10.32M 6.17M 5.61M 5.61M -
Net tangible assets 224.63M 228.62M 187.68M 193.96M 191.97M
Short term investments - - - - -
Net receivables 22.16M 13.63M 14.28M 27.83M 37.80M
Long term debt 65.06M 32.67M 21.47M 51.55M 31.70M
Inventory 265.68M 218.85M 193.31M 222.27M 202.50M
Accounts payable 30.41M 26.41M 14.09M 7.90M 12.68M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - - -
Additional paid in capital - - - - -
Common stock total equity - - 52.49M 52.87M 52.90M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 265.68M 218.85M 193.31M 224.63M 205.15M
Deferred long term asset charges - - - - -
Non current assets total 297.41M 240.74M 214.64M 239.74M 214.97M
Capital lease obligations 0.84M 0.84M 0.79M 0.23M -
Long term debt total 65.90M 33.51M 22.26M 51.78M 31.70M
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 -2.10300M -0.26000M -1.07100M -16.21400M -0.26900M
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Total cashflows from investing activities -2.10300M -0.88500M -1.07100M -16.21400M -0.26900M
Net borrowings 32.45M 11.79M -31.29800M 0.55M 0.54M
Total cash from financing activities 18.48M 32.73M -33.41700M -1.11700M -14.02100M
Change to operating activities - - - - -
Net income 4.52M 10.88M 0.20M 1.70M 4.12M
Change in cash -27.37700M 34.23M 13.49M -7.79400M 0.46M
Begin period cash flow 63.98M 29.74M 16.25M 24.04M 23.59M
End period cash flow 36.60M 63.98M 29.74M 16.25M 24.04M
Total cash from operating activities 4.52M 2.39M 47.98M 9.54M 14.75M
Issuance of capital stock 0.00000M 29.89M - - -
Depreciation 0.28M 0.21M 0.19M 0.13M 0.13M
Other cashflows from investing activities -1.49600M 0.25M -0.25600M -10.36400M -10.36400M
Dividends paid 8.53M 6.28M 0.32M 0.52M 10.31M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock 0.00000M 29.89M -0.46500M -0.05800M -3.50100M
Other cashflows from financing activities 78.71M 58.84M 15.59M 38.24M 33.23M
Change to netincome -48.55400M -8.69500M 47.60M 7.84M 10.62M
Capital expenditures 0.61M 0.88M 0.81M 0.24M 0.27M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 16.81M 9.70M 34.48M 2.90M 1.74M
Stock based compensation - - - - -
Other non cash items -4.52000M -10.87700M - - -4.12400M
Free cash flow 3.91M -0.87500M -0.81500M -0.24200M 14.47M

Fundamentals

  • Previous Close 3.51
  • Market Cap129.62M
  • Volume8131
  • P/E Ratio14.25
  • Dividend Yield-%
  • Revenue TTM185.87M
  • Revenue Per Share TTM3.27
  • Gross Profit TTM 27.16M
  • Diluted EPS TTM0.16

Peer Comparison

Sector: Real Estate Industry: Real Estate - Development

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)
GDC
Genesis Land Development Corp.
-0.12 3.42% 3.39 14.25 - 0.70 0.57 0.87 10.44
DRM
Dream Unlimited Corp
0.92 4.80% 20.07 - 12.87 2.23 0.66 6.11 -113.8431
WFC
Wall Financial Corporation
-0.06 0.30% 19.80 32.95 - 5.08 4.91 8.44 19.05
MRD
Melcor Developments Ltd.
0.08 0.69% 11.75 4.00 4.92 1.31 0.29 3.69 6.96

Reports Covered

Stock Research & News

Profile

Genesis Land Development Corp., an integrated land developer and residential home builder, owns and develops a portfolio of residential lands and serviced lots in the Calgary Metropolitan Area, Canada. It operates through two segments, Land Development and Home Building. The Land Development segment acquires, plans, rezones, subdivides, services, and sells residential lots, and commercial and industrial lands to third-party developers and builders. The Home Building segment designs, constructs, and sells single-family and semi-detached homes and townhomes, as well as single-family lots, multi-family, and commercial parcels. 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.

Genesis Land Development Corp.

6240, 333-96 Ave. NE, Calgary, AB, Canada, T3K 0S3

Key Executives

Name Title Year Born
Mr. Stephen J. Griggs B.A., J.D. Exec. Chairman 1960
Mr. Iain Stewart B.Com., B.Comm., C.A., CPA Pres, CEO & Director 1961
Mr. Wayne King C.A., CPA Chief Financial Officer NA
Mr. Parveshindera Sidhu M.B.A., MBA Sr. VP of Home Building NA
Mr. Brian Whitwell B. Comm, B.Com. Sr. Vice-Pres of Asset Management NA
Mr. Arnie Stefaniuk P.Eng., P. Eng. Vice-Pres of Land Devel. NA
Erica Frey Sec. of the Board NA

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