Genesis Land Development Corp. (GDC.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

+112.1%

CA$7.15

vs CA$3.37 price

Levered DCF

-CA$0.15

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

1.8

Distress zone

Rating

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	4.77×	4.67×	8.77×	25.53×	9.63×	-454.35×	33.28×	38.58×
P/B	0.63×	0.7×	0.56×	0.51×	0.45×	0.49×	0.52×	0.83×
P/S	0.49×	0.51×	0.64×	0.82×	0.94×	0.89×	1.48×	1.95×
EV / EBITDA	4.83×	4.97×	8.74×	19.13×	4.68×	38.84×	18.45×	24.19×
Gross margin	26.5%	26.7%	22.9%	19.3%	29.0%	15.1%	31.5%	25.1%
Operating margin	15.8%	17.2%	10.4%	5.1%	13.9%	0.8%	8.8%	6.8%
Net margin	10.3%	11.0%	7.1%	3.2%	9.9%	-0.2%	4.5%	5.1%
Current ratio	1.73×	0.68×	4.18×	1.42×	2.24×	2.14×	4.53×	4×
Debt / equity	0.46×	0.5×	0.45×	0.29×	0.15×	0.12×	0.27×	0.17×
Interest coverage	7.22×	8.31×	5.28×	5.6×	15.69×	0.37×	4.2×	4.08×
Dividend yield	6.5%	6.0%	7.5%	10.0%	6.9%	0.3%	0.5%	6.5%
Payout ratio	31.1%	28.0%	66.6%	254.8%	65.1%	-154.6%	17.1%	250.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.1%	14.9%	6.3%	2.0%	4.8%	-0.1%	1.6%	2.1%
Return on invested capital	7.4%	10.6%	2.3%	1.7%	4.0%	0.3%	1.0%	1.4%
Return on assets	6.2%	6.9%	3.3%	1.2%	3.3%	-0.1%	1.0%	1.5%
Free cash flow yield	8.7%	14.0%	-6.5%	3.4%	-0.3%	49.4%	8.1%	8.6%
Earnings yield	21.0%	21.3%	11.2%	3.9%	10.5%	-0.2%	3.0%	2.6%
Enterprise value	CA$306.3M	CA$298.7M	CA$196.4M	CA$144.7M	CA$72.7M	CA$85.3M	CA$136.5M	CA$166.8M
Net debt / EBITDA	1.89×	1.88×	2.97×	3.87×	-1.96×	-3.41×	4.8×	1.11×
Cash conversion cycle (days)	-36	-57	731	-40	-64	20	1,710	1,202