Decisive Dividend Corp (TSE:DE)
:DE
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Decisive Dividend
(DE)
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Rating:63Neutral
Price Target:
C$9.50
▲(3.60% Upside)
Action:ReiteratedDate: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
Multi-year revenue expansion
The company has scaled revenue materially over several years, demonstrating an ability to grow across economic cycles and expand its customer base. Durable multi-year growth supports operational leverage, reinvestment capacity, and a larger cash-flow base to fund dividends and acquisitions.
Negative Factors
Rising leverage
Leverage has increased materially, reducing financial flexibility and raising interest burden risk. Higher debt amplifies downside if earnings weaken, constrains room for opportunistic M&A or dividend maintenance, and makes the business more sensitive to macro or sector slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue expansion
The company has scaled revenue materially over several years, demonstrating an ability to grow across economic cycles and expand its customer base. Durable multi-year growth supports operational leverage, reinvestment capacity, and a larger cash-flow base to fund dividends and acquisitions.
Read all positive factors
Decisive Dividend (DE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$181.76M
Dividend Yield7.88%
Average Volume (3M)18.16K
Price to Earnings (P/E)27.1
Beta (1Y)0.64
Revenue Growth19.05%
EPS Growth156.32%
CountryCA
Employees545
SectorGeneral
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)0.07
Shares Outstanding20,151,257
10 Day Avg. Volume14,403
30 Day Avg. Volume18,156
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)2.55
Price to Sales (P/S)0.93
P/FCF Ratio13.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$10.25Price Target Upside11.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.37
Revenue Forecast (FY)C$160.71M
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 Manufactu...
How the Company Makes Money
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Decisive Dividend Earnings Call Summary
Earnings Call Date:Nov 05, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The earnings call highlighted significant sequential improvements in sales and EBITDA in Q3 2024 compared to earlier quarters, driven by strong order activity and new market developments. However, there were challenges compared to the record Q3 2023, and the free cash flow payout ratio remains high. Despite these challenges, the overall outlook is positive with expectations of continued improvement into Q4 2024 and 2025.Positive Updates
Sequential Improvement in Q3 2024
Consolidated sales in Q3 2024 were 12% higher than in Q2 2024, and 10% higher than Q1 2024, while overall adjusted EBITDA in Q3 2024 was 65% higher than in Q2 2024 and 42% higher than in Q1 2024.
Negative Updates
Decline from Record Q3 2023
Adjusted EBITDA in Q3 2024 was down 14% and 28% relative to the record Q3 2023.
Read all updates
Q3-2024 Updates
Positive
Negative
Sequential Improvement in Q3 2024
Consolidated sales in Q3 2024 were 12% higher than in Q2 2024, and 10% higher than Q1 2024, while overall adjusted EBITDA in Q3 2024 was 65% higher than in Q2 2024 and 42% higher than in Q1 2024.
Read all positive updates
Company Guidance
During the Decisive Dividend Corporation Q3 2024 earnings call, CEO Jeff Schellenberg detailed various metrics reflecting operational improvements and future guidance. Consolidated sales in Q3 2024 rose by 12% compared to Q2 2024 and 10% compared to Q1 2024, while adjusted EBITDA surged by 65% and 42%, respectively, over the same periods. Despite a 14% drop from the record Q3 2023 levels, the EBITDA margin percentage improved by over 5% from Q2 2024 and nearly 4% from Q1 2024. Non-variable operating expenses were reduced by over 2% from Q2 2024 and 3% from Q1 2024, contributing to enhanced free cash flow and a 163% and 106% increase relative to Q2 and Q1 2024, although still down 29% from Q3 2023 records. Looking forward, order activity in Q4 2024 is up more than 65% compared to Q4 2023, supporting expectations for continued sequential improvements in revenue and EBITDA into 2025.Decisive Dividend Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
| 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
Positive
9.17
Price Trends
8.02
Positive
7.48
Positive
7.39
Positive
Market Momentum
0.41
Negative
67.46
Neutral
66.92
Neutral
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 9.17 is above the 20-day moving average (MA) of 8.67, above the 50-day MA of 8.02, and above the 200-day MA of 7.39, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 67.46 is Neutral, neither overbought nor oversold. The STOCH value of 66.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DE.
Decisive Dividend Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | C$148.59M | 18.42 | 7.24% | ― | -15.95% | 374.56% | |
63 Neutral | C$181.76M | 27.15 | 9.25% | 7.88% | 19.05% | 156.32% | |
61 Neutral | C$86.92M | 10.49 | 11.26% | ― | 115.52% | -69.41% | |
60 Neutral | C$711.16M | 17.14 | 12.71% | 7.14% | 8.95% | 31.66% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
TSE:DE
Decisive Dividend
8.90
2.94
49.28%
TSE:CXI
Currency Exchange International
24.80
4.49
22.11%
TSE:DIV
Diversified Royalty Corp
4.19
1.51
56.52%
TSE:RICH
Raffles Financial Group
2.85
0.00
0.00%
TSE:PNP
Pinetree Capital
9.02
-8.68
-49.04%
TSE:WI
The Western Investment Company of Canada Ltd
0.93
0.38
69.09%
Decisive Dividend Corporate Events
Business Operations and StrategyDividends
Decisive Dividend Declares May Payout and Reaffirms Shareholder Return Focus
Positive
Apr 15, 2026
Decisive Dividend Corporation, an acquisition-oriented consolidator in the manufacturing sector, targets profitable, high-quality manufacturers with non-discretionary products, steady cash flows and experienced management. The company’s stra...
Business Operations and StrategyPrivate Placements and Financing
Decisive Dividend Raises $8 Million in Private Placement to Fund Acquisition Strategy
Positive
Apr 2, 2026
Decisive Dividend Corporation has closed an $8.0 million non-brokered private placement, issuing 1,065,000 common shares at $7.51 each to L6 Holdings Inc., a private family office that now holds about 12% of the company’s outstanding shares....
Dividends
Decisive Dividend Declares April 2026 Monthly Payout and Reinvestment Option
Positive
Mar 13, 2026
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 purpose...
Business Operations and StrategyDividendsFinancial Disclosures
Decisive Dividend Posts Record 2025 Results and Targets Dividend Growth on Acquisition-Led Expansion
Positive
Mar 12, 2026
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 millio...
Business Operations and StrategyFinancial Disclosures
Decisive Dividend Sets March 12 Call to Review 2025 Year-End Results
Neutral
Feb 25, 2026
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 compan...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.