Doman Building Materials Group Ltd. (DBM.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+136.7%

CA$23.76

vs CA$10.04 price

Levered DCF

CA$11.63

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.52

Grey zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	10.17×	13.68×	9.53×	6.32×	6.12×	9.96×	24.36×	11.69×
P/B	1.29×	1.13×	1.24×	0.88×	1.3×	1.75×	1.27×	0.98×
P/S	0.26×	0.28×	0.29×	0.16×	0.26×	0.37×	0.31×	0.27×
EV / EBITDA	7.03×	9.87×	7.13×	6×	6.81×	6.81×	11.84×	9.53×
Gross margin	13.0%	16.0%	16.2%	13.5%	15.4%	15.9%	14.4%	14.9%
Operating margin	5.0%	4.4%	5.1%	4.5%	6.8%	6.1%	3.3%	4.1%
Net margin	2.6%	2.0%	3.0%	2.6%	4.2%	3.7%	1.3%	2.3%
Current ratio	3.22×	3.41×	1.56×	2.22×	2.92×	2.18×	2.8×	3.15×
Debt / equity	1.58×	1.78×	1.2×	1.24×	1.69×	1.08×	1.38×	0.89×
Interest coverage	2.09×	2.21×	3.17×	3.87×	6.86×	6.74×	2.24×	0×
Dividend yield	6.0%	6.6%	6.7%	9.7%	6.6%	7.0%	10.4%	12.3%
Payout ratio	61.0%	90.1%	64.3%	61.8%	40.0%	70.5%	252.8%	145.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	12.7%	8.3%	13.0%	13.9%	21.4%	17.5%	5.3%	8.3%
Return on invested capital	9.0%	5.6%	8.7%	8.4%	9.7%	9.8%	4.5%	5.5%
Return on assets	4.4%	2.7%	5.3%	5.4%	6.9%	6.9%	1.9%	3.7%
Free cash flow yield	19.0%	12.6%	16.8%	43.1%	6.5%	27.0%	14.5%	-4.0%
Earnings yield	9.8%	7.3%	10.5%	15.8%	16.4%	10.0%	4.1%	8.5%
Enterprise value	CA$1.8B	CA$1.9B	CA$1.4B	CA$1.2B	CA$1.5B	CA$961.9M	CA$990.8M	CA$675.8M
Net debt / EBITDA	3.86×	6.02×	3.4×	3.51×	3.84×	2.58×	6.86×	4.53×
Cash conversion cycle (days)	63	80	68	55	73	73	100	97