Decisive Dividend Corporation (DE.V) 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

+398.5%

CA$38.63

vs CA$7.75 price

Levered DCF

CA$44.65

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.95

Grey zone

Rating

C+

Overall 2 / 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	27.31×	59.3×	16.6×	16.19×	21.26×	-34.96×	54.33×	65.37×
P/B	2.55×	2.02×	2.39×	1.92×	2.17×	1.21×	1.89×	1.54×
P/S	0.93×	0.9×	1.02×	0.66×	0.77×	0.53×	0.87×	0.95×
EV / EBITDA	8.89×	9.96×	8.11×	7.61×	8.21×	7.91×	12.79×	16.3×
Gross margin	17.4%	37.4%	39.1%	33.3%	34.2%	38.0%	37.1%	34.8%
Operating margin	7.4%	1.8%	12.2%	7.7%	8.0%	7.7%	5.9%	1.0%
Net margin	3.4%	1.6%	6.2%	4.1%	3.7%	-1.5%	1.6%	1.4%
Current ratio	2.12×	2.18×	1.7×	1.87×	2.15×	2.14×	2.5×	2.45×
Debt / equity	1.45×	1.29×	0.97×	1.14×	1.14×	1.14×	1.27×	0.57×
Interest coverage	2.13×	0.4×	4.35×	3×	2.41×	1.71×	1.94×	0.56×
Dividend yield	6.6%	7.3%	3.8%	5.5%	3.9%	4.6%	9.3%	8.6%
Payout ratio	178.1%	416.5%	62.6%	88.2%	82.9%	-161.8%	505.3%	560.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.4%	3.5%	14.4%	12.0%	10.3%	-3.5%	3.5%	2.3%
Return on invested capital	5.0%	1.0%	9.5%	6.9%	7.7%	7.7%	4.0%	0.8%
Return on assets	3.0%	1.2%	5.5%	4.1%	3.8%	-1.3%	1.3%	1.2%
Free cash flow yield	7.6%	5.2%	8.6%	9.6%	4.0%	38.8%	8.3%	1.7%
Earnings yield	3.7%	1.7%	6.0%	6.2%	4.7%	-2.9%	1.8%	1.5%
Enterprise value	CA$218M	CA$185.2M	CA$190M	CA$99.7M	CA$71.3M	CA$46.9M	CA$68.5M	CA$47.4M
Net debt / EBITDA	3.13×	3.77×	2.21×	2.62×	2.66×	3.57×	5.09×	3.94×
Cash conversion cycle (days)	113	157	136	98	123	109	135	140