Decisive Dividend (DE) AI Stock Analysis

• Market Cap: C$164.23M
• Dividend Yield: 7.88%
• Average Volume (3M): 18.16K
• Price to Earnings (P/E): 27.1
• Beta (1Y): 0.51
• Revenue Growth: 16.69%
• EPS Growth: 111.74%
• Country: CA
• Employees: 545
• Sector: General
• Sector Strength: N/A
• Industry: Conglomerates
• EPS (TTM): 0.07
• Shares Outstanding: 20,151,257
• 10 Day Avg. Volume: 14,403
• 30 Day Avg. Volume: 18,156
• PEG Ratio: 0.17
• Price to Book (P/B): 2.55
• Price to Sales (P/S): 0.93
• P/FCF Ratio: 13.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$11.42
• Price Target Upside: 40.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.45
• Revenue Forecast (FY): C$160.94M

• Rating: 63 Neutral
• Price Target: C$8.50 ▲(4.29% Upside)
• Action: Reiterated Date: 03/13/26
• Date: Action: Reiterated 03/13/26

The score is primarily held back by financial risk factors: rising leverage, volatile margins, and weaker free-cash-flow conversion/decline year-over-year. Offsetting these are supportive technical momentum (price above major moving averages with positive MACD) and a very high dividend yield, though the P/E remains relatively high.

Positive Factors

Holding-company model with dividend focus

A diversified holding structure that acquires established industrial businesses creates durable cash-flow predictability and operational diversification. The explicit dividend-oriented capital allocation prioritizes upstreaming subsidiary cash to shareholders, reinforcing long-term payout discipline and aligned capital deployment.

Multi-year revenue expansion

Sustained top-line scaling over multiple years signals product/market fit across subsidiaries and supports internal funding for operations and acquisitions. Even with recent inconsistency, historical revenue expansion provides a stronger base for earnings recovery and longer-term operational leverage.

Positive operating cash flow and positive free cash flow

Consistent positive operating cash flow and positive FCF provide enduring capacity to service debt, fund acquisitions, and maintain dividends. The absolute cash generation reduces insolvency risk and gives management structural flexibility even if profitability or margins fluctuate year-to-year.

Negative Factors

Rising leverage

Meaningfully higher leverage increases financial vulnerability and reduces strategic flexibility. With debt-to-equity elevated, the firm faces greater interest and covenant risk, limiting capacity to pursue opportunistic acquisitions or sustain payouts if operating results weaken over the medium term.

Volatile and compressed margins

Sharp swings in gross margin and low net margins impair earnings predictability and weaken the buffer against demand or cost shocks. Structural margin instability suggests operational or mix challenges across subsidiaries that could persist and constrain durable profitability.

Weaker free-cash-flow conversion

Declining FCF and lower conversion of earnings into cash reduces internal funding for dividends, debt reduction, and acquisitions. Persistent deterioration in cash conversion could force external financing or dividend cuts, stressing the company's capital allocation strategy over the medium term.

Decisive Dividend Business Overview & Revenue Model

Company Description

Decisive Dividend Corporation, through its subsidiaries, manufactures and sells wood and gas burning stoves, and fireplace inserts in Canada, the United States, and New Zealand. It operates in two segments, Finished Product and Component Manufacturing. The company also designs, manufactures, and markets air blast sprayers for use in agricultural industry under the Turbo Mist brand; and wastewater evaporator systems that are used in mining, oil and gas, and waste management industries. In addition, it produces and distributes wear parts and valves, including diverter valves, apron feeder pans, ball mill liners and grates, rotors, bull gears, pinion gears, hammers, blow bars, grizzly panels, wobbler bars, jaw plates, bowl liners and mantles, gyratory crusher parts, and various kiln parts and cooler grates for the mining, aggregate and cement industries. Further, the company offers professional manufacturing, machine work, assembly, and testing services for various industries. Additionally, the company offers truck and automotive components, fuel-hydraulic fluid tanks, j-brackets and straps, bumpers, truck chassis components, cab panels, architectural components, tool and battery boxes, and steel under-decking products for the commercial vehicle, forestry, agriculture, marine, environmental, mining, and oil and gas sectors; and distributes fast fuel filling valve systems. Decisive Dividend Corporation was incorporated in 2012 and is headquartered in Kelowna, Canada.

How the Company Makes Money

Decisive Dividend makes money primarily through operating income generated by its portfolio of wholly owned operating subsidiaries. Revenue is earned at the subsidiary level from the sale of products and/or services to their respective customer bases, and cash flows are then upstreamed to the parent company (e.g., via dividends or intercompany distributions) to fund corporate costs, debt service, acquisitions, and shareholder dividends. In addition to ongoing operating profits, overall earnings and cash generation can be influenced by acquisition activity (adding new subsidiary revenue and profit), cost and operational efficiency initiatives within subsidiaries, and the use of financing (including debt) that affects interest expense and net income. Specific breakdowns of revenue by subsidiary, the exact mix of products versus services, and any material third-party partnerships are null.

Decisive Dividend Financial Statement Overview

Summary

Solid multi-year revenue expansion and profitability, but recent results are uneven. Margins were volatile (gross margin fell sharply in 2025; net margin ~3.4%), free cash flow declined year-over-year, and leverage increased (debt-to-equity ~1.45), raising financial risk if earnings soften.

Income Statement

Revenue has scaled materially over the last several years (from 2020 to 2025 annual results), but the growth path has become less consistent recently (2024 slightly down, 2025 up). Profitability improved versus 2024, with net income rising to 5.2M in 2025, but margins have been volatile: gross margin fell sharply in 2025 versus 2024/2023, and net margin remains modest (about 3.4% in 2025). Overall, the business is profitable and growing over the long run, but margin stability is a key weakness.

Balance Sheet

The balance sheet shows meaningful leverage, with debt-to-equity rising to ~1.45 in 2025 (up from ~0.97 in 2023). Equity has stayed relatively stable while total debt has increased, which raises financial risk if earnings soften. Returns on equity improved to ~9.4% in 2025 from ~3.5% in 2024, but remain below the stronger 2023 level (~14.4%), indicating performance variability alongside a heavier debt load.

Cash Flow

Cash generation is positive, with operating cash flow of 16.6M and free cash flow of 10.7M in 2025, but free cash flow declined year-over-year (about -16%). Cash conversion looks mixed: free cash flow was only ~0.65x net income in 2025 (below 2023’s ~0.75x), suggesting less efficient translation of earnings into free cash. A positive offset is that operating cash flow has been consistently positive across the period shown, supporting ongoing operations despite year-to-year volatility.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	152.21M	127.85M	134.88M	98.59M	62.49M
Gross Profit	26.43M	47.87M	52.76M	32.85M	21.38M
EBITDA	22.48M	18.59M	23.44M	13.10M	8.69M
Net Income	5.20M	2.01M	8.33M	4.08M	2.28M
Balance Sheet
Total Assets	172.38M	165.23M	152.57M	98.43M	60.30M
Cash, Cash Equivalents and Short-Term Investments	3.54M	3.26M	4.05M	4.73M	2.14M
Total Debt	80.37M	73.43M	55.97M	39.01M	25.25M
Total Liabilities	116.90M	108.34M	94.82M	64.30M	38.08M
Stockholders Equity	55.48M	56.88M	57.75M	34.13M	22.22M
Cash Flow
Free Cash Flow	10.71M	6.02M	11.87M	6.29M	1.90M
Operating Cash Flow	16.61M	12.78M	15.79M	8.43M	3.75M
Investing Cash Flow	-7.01M	-14.55M	-33.82M	-17.20M	-1.75M
Financing Cash Flow	-9.30M	726.00K	17.25M	11.06M	-2.82M

Decisive Dividend Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DE, the sentiment is Positive. The current price of 8.15 is above the 20-day moving average (MA) of 7.69, above the 50-day MA of 7.32, and above the 200-day MA of 7.26, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 70.71 is Negative, neither overbought nor oversold. The STOCH value of 88.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DE.

Decisive Dividend Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CXI	74 Outperform	C$146.06M	18.42	7.24%	―	-4.76%	-40.05%
DIV	67 Neutral	C$677.62M	18.25	10.28%	7.14%	6.88%	-13.39%
DE	63 Neutral	C$164.23M	27.15	10.07%	7.88%	16.69%	111.74%
PNP	61 Neutral	C$87.30M	10.49	11.26%	―	294.30%	49.60%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

Decisive Dividend Corporate Events

Decisive Dividend Declares April 2026 Monthly Payout and Reinvestment Option

Decisive Dividend Corporation has declared a monthly cash dividend of $0.045 per common share for April 2026, payable on April 15 to shareholders of record as of March 31. The dividend is designated as an eligible dividend for Canadian tax purposes, potentially offering shareholders more favorable tax treatment under applicable legislation.

The company is maintaining its established monthly dividend policy, signaling continued confidence in its cash flow profile and balance sheet. Eligible investors may also reinvest their distributions through Decisive Dividend’s dividend reinvestment and cash purchase plan, providing a mechanism to compound holdings and reinforcing the firm’s income-and-growth appeal to long-term shareholders.

The most recent analyst rating on (TSE:DE) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Decisive Dividend stock, see the TSE:DE Stock Forecast page.

Decisive Dividend Posts Record 2025 Results and Targets Dividend Growth on Acquisition-Led Expansion

Decisive Dividend reported record quarterly and annual sales for 2025, with consolidated revenue up 14% in the fourth quarter to $42.8 million and 19% for the year to $152.2 million, while Adjusted EBITDA for 2025 rose 25% to a record $25.4 million. Free cash flow less maintenance capital increased 25% for the year to $13.5 million, helping reduce the trailing twelve-month dividend payout ratio to 79%, even as the company absorbed softer demand from certain commercial vehicle and oil and gas customers amid U.S. trade-policy uncertainty.

Management highlighted broad-based growth across all operating verticals and the completion of three strategically aligned acquisitions in 2025, while continuing to invest in product development, capacity and shared services to support long-term expansion. Looking to 2026, the company expects higher energy, metal and mineral prices and increased infrastructure spending to support further improvement in results and per-share metrics, underpinning its goal of dividend growth and progression toward dividend aristocrat status, alongside an anticipated pickup in acquisition activity within its existing verticals.

The most recent analyst rating on (TSE:DE) stock is a Buy with a C$10.75 price target. To see the full list of analyst forecasts on Decisive Dividend stock, see the TSE:DE Stock Forecast page.

Decisive Dividend Sets March 12 Call to Review 2025 Year-End Results

Decisive Dividend Corporation will release its fourth quarter and full-year 2025 financial results after markets close on March 11, 2026, and will hold a conference call the following morning to discuss the performance. The call, led by the company’s top executives, signals continued efforts to engage investors and other stakeholders on its financial trajectory as it executes its acquisition-driven manufacturing strategy.

Details of the call, including timing and international dial-in options, are being provided in advance to facilitate broad participation across North America and overseas. A replay will be available for a week after the event, underscoring the company’s emphasis on transparency and accessibility as it reports on progress in its portfolio of manufacturing businesses.

The most recent analyst rating on (TSE:DE) stock is a Buy with a C$10.75 price target. To see the full list of analyst forecasts on Decisive Dividend stock, see the TSE:DE Stock Forecast page.

Decisive Dividend Declares February Payout and Grants New Equity Incentive Awards

Decisive Dividend Corporation has declared a monthly cash dividend of $0.045 per common share for February 2026, payable on February 13 to shareholders of record as of January 30, with the distribution designated as an eligible dividend under Canadian tax rules and available for reinvestment through the company’s dividend reinvestment and cash purchase plan. The company also issued a series of equity incentive awards, granting deferred share units to directors and restricted and performance share units to officers and employees at a fair market value of $7.02 per unit, with multi-year vesting schedules tied in part to performance criteria, underscoring its use of equity-based compensation to align management and board interests with long-term shareholder value.

The most recent analyst rating on (TSE:DE) stock is a Buy with a C$10.75 price target. To see the full list of analyst forecasts on Decisive Dividend stock, see the TSE:DE Stock Forecast page.

Decisive Dividend Corporation Declares January 2026 Dividend

Decisive Dividend Corporation has declared a dividend of $0.045 per common share for January 2026, payable to shareholders of record as of December 31, 2025. This announcement aligns with the company’s monthly dividend policy and offers shareholders the option to reinvest dividends through its dividend reinvestment and cash purchase plan. This move reinforces Decisive Dividend’s commitment to providing sustainable and growing returns to its shareholders, while maintaining its focus on acquiring high-quality manufacturing companies.

The most recent analyst rating on (TSE:DE) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Decisive Dividend stock, see the TSE:DE Stock Forecast page.