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Dominion Lending Centres, Inc. (Canada) Class A
(TSX:DLCG)
Dominion Lending Centres, Inc. (Canada) Class A (DLCG) vs. S&P 500 (SPY)
Dominion Lending Centres, Inc. (Canada) Class A Business Overview & Revenue Model
Dominion Lending Centres, Inc. (Canada) Class A Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 76.75M | 62.52M | 70.72M | 78.82M | 52.41M | Gross Profit |
| 65.93M | 52.09M | 60.02M | 68.97M | 45.80M | EBIT |
| 29.52M | 18.31M | 26.39M | 37.39M | 18.25M | EBITDA |
| 41.36M | 26.97M | 30.84M | 43.44M | 34.33M | Net Income Common Stockholders |
| -126.77M | 64.00K | 12.06M | -3.94M | 20.04M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.73M | 5.61M | 9.21M | 20.89M | 10.32M | Total Assets |
| 218.89M | 218.11M | 223.94M | 253.93M | 260.19M | Total Debt |
| 32.19M | 156.10M | 38.93M | 38.76M | 43.49M | Net Debt |
| 27.46M | 150.49M | 29.71M | 17.88M | 33.17M | Total Liabilities |
| 85.19M | 192.16M | 191.75M | 220.10M | 209.30M | Stockholders Equity |
| 132.14M | 25.70M | 31.96M | 31.74M | 49.47M |
| Cash Flow | Free Cash Flow | |||
| 30.40M | 5.60M | 8.63M | 34.03M | 24.45M | Operating Cash Flow |
| 37.20M | 17.09M | 15.87M | 39.06M | 33.19M | Investing Cash Flow |
| -4.20M | -11.41M | 9.10M | -4.76M | -13.78M | Financing Cash Flow |
| -33.89M | -9.27M | -36.64M | -23.75M | -14.46M |
Dominion Lending Centres, Inc. (Canada) Class A Technical Analysis
Dominion Lending Centres, Inc. (Canada) Class A Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $83.56B | 13.25 | 8.34% | 6.57% | 3.72% | -17.99% | |
63 Neutral | $14.39B | 9.81 | 8.95% | 4.37% | 16.38% | -11.64% | |
58 Neutral | C$616.04M | 37.65 | -161.09% | 1.53% | 29.59% | -297875.00% | |
56 Neutral | C$2.33B | 11.68 | 27.56% | 6.36% | 16.99% | -19.87% | |
53 Neutral | C$1.18B | ― | -0.24% | 7.27% | -3.68% | -111.41% |
Dominion Lending Centres, Inc. (Canada) Class A Corporate Events
Dominion Lending Centres Inc. reported a significant increase in its annual funded volumes, reaching $67.4 billion, a 19% rise from the previous year, which contributed to a 23% increase in revenues and a 47% boost in adjusted EBITDA. Despite these gains, the company faced a net loss primarily due to non-cash finance expenses related to the acquisition of preferred shares. The adoption of the ‘Velocity’ platform and the ‘Gold Rush’ campaign were key drivers of success, positioning the company well for future opportunities amid potential interest rate declines and upcoming mortgage renewals.
Dominion Lending Centres Inc. announced it will release its annual financial results for the year ended December 31, 2024, on March 27, 2025, after market close. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and future prospects, potentially impacting its market positioning and investor confidence.
Dominion Lending Centres Inc. announced the closing of a $59.15 million secondary private placement offering of Class A common shares. The sale was conducted by Mauris Family Investments Inc. and 603908 B.C. Ltd., reducing their ownership stakes in the company. The transaction did not provide proceeds to Dominion Lending Centres but was significant for the selling shareholders, who have agreed to a 180-day lock-up period, indicating stability in the company’s shareholder structure.
Dominion Lending Centres Inc. has entered into a marketing partnership with RE/MAX Canada, making it the exclusive mortgage brokerage partner promoted at RE/MAX franchise events across Canada. This partnership is expected to enhance collaboration between mortgage brokers and real estate agents, supporting each other’s roles in the real estate purchase process, and may strengthen DLC’s market presence and operational reach.
Dominion Lending Centres Inc. has announced an amendment and extension of its credit facilities with The Toronto-Dominion Bank, extending the maturity date to February 18, 2030. The revolving credit facility has been increased by $10 million, enhancing the company’s financial flexibility which is anticipated to support future operational needs and strategic initiatives.
Dominion Lending Centres Inc. has announced a quarterly cash dividend of $0.03 per class ‘A’ common share, payable on March 14, 2025, to shareholders of record as of February 28, 2025. This decision is expected to reinforce the company’s financial stability and appeal to investors, enhancing DLCG’s reputation in the mortgage industry.
Dominion Lending Centres Inc. announced a $59.15 million secondary private placement of Class A common shares. The offering, involving Mauris Family Investments Inc. and 603908 BC Ltd., will not result in proceeds for DLCG but aims to make room for new institutional shareholders. After the offering, the selling shareholders, MaurisCo and KayatCo, will retain significant ownership, holding more than 50% of the outstanding shares collectively. This strategic move is part of the company’s efforts to welcome new partners and strengthen its market position.
Dominion Lending Centres Inc. has announced a platform licensing agreement with Pinch Financial, integrating DLC’s mortgage broker network into Pinch’s AI-driven technology platform, which is used by real estate portals like REALTOR.ca to facilitate online mortgage applications. This strategic move is expected to enhance DLC’s reach and accessibility in the mortgage industry by allowing homebuyers to apply for mortgages more conveniently online, potentially strengthening its market position and providing an edge in the competitive Canadian real estate market.