Dominion Lending Centres Inc. (DLCG.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

-59.7%

CA$3.38

vs CA$8.40 price

Levered DCF

CA$5.52

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

3.91

Safe zone

Rating

Overall 3 / 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	32.1×	-3.04×	3,111.11×	12.8×	-31.25×	5.79×	-7.22×	-2.27×
P/B	5.76×	2.91×	5.26×	4.75×	5.5×	2.36×	0.67×	0.6×
P/S	7.54×	5.02×	2.16×	2.15×	2.22×	2.23×	1.11×	0.6×
EV / EBITDA	18.02×	9.97×	6.42×	5.74×	4.4×	4.16×	4.61×	5.69×
Gross margin	80.0%	85.9%	83.3%	84.9%	87.5%	87.4%	87.3%	82.4%
Operating margin	43.4%	38.5%	29.3%	37.3%	47.4%	34.8%	27.1%	15.7%
Net margin	23.9%	-165.2%	0.1%	17.1%	-7.0%	38.2%	-15.0%	-26.4%
Current ratio	1.55×	0.59×	0.68×	0.69×	0.63×	0.63×	0.65×	0.79×
Debt / equity	0.27×	0.24×	1.39×	1.07×	1.18×	0.73×	1.51×	1.11×
Interest coverage	30.18×	0.19×	1.4×	5.74×	1.18×	3.72×	1.26×	1.77×
Dividend yield	1.5%	3.4%	8.5%	9.9%	7.9%	0.0%	1.0%	4.0%
Payout ratio	47.6%	-10.3%	17864.1%	124.9%	-250.0%	0.0%	-7.1%	-9.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	18.2%	-95.9%	0.2%	37.7%	-17.4%	40.5%	-9.2%	-26.3%
Return on invested capital	14.8%	16.1%	0.2%	9.2%	-16.0%	8.3%	-1.9%	3.9%
Return on assets	10.9%	-57.9%	0.0%	5.4%	-2.2%	7.7%	-2.1%	-6.1%
Free cash flow yield	3.3%	7.9%	3.8%	5.7%	19.5%	20.9%	32.6%	3.8%
Earnings yield	3.2%	-32.9%	0.0%	7.9%	-3.2%	17.1%	-13.6%	-44.2%
Enterprise value	CA$809.9M	CA$412.5M	CA$165.3M	CA$176.9M	CA$191.3M	CA$142.7M	CA$155.2M	CA$131.1M
Net debt / EBITDA	0.76×	0.66×	1.17×	0.81×	0.38×	0.75×	3.13×	3.62×
Cash conversion cycle (days)	36	13	1	21	30	57	220	115