Dominion Lending Centres, Inc. (Canada) Class A (TSE:DLCG)
TSX:DLCG
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Dominion Lending Centres, Inc. (Canada) Class A
(TSX:DLCG)
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Rating:71Outperform
Price Target:
C$11.50
â–²(16.28% Upside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by strong cash flow resilience and a strengthened balance sheet, which outweigh the risk from historically volatile earnings. Technicals are mixed (near-term support but weaker longer-term momentum), and valuation is only moderate given the P/E and modest dividend yield.
Positive Factors
Franchise-based mortgage network
A franchised mortgage-broker network creates recurring revenue from franchise fees and service provision while supplying brokers with lead-gen, tech and training. These network effects and recurring services support durable revenue and retention dynamics that persist over quarters and help scale margins as volumes grow.
Negative Factors
Earnings volatility and recent net loss
Earnings have swung materially across years, including a large 2024 net loss followed by a 2025 rebound. This volatility undermines predictability of distributable cash and ROE, complicates capital allocation and makes multi-quarter planning harder for investors and counterparties.
Read all positive and negative factors
Positive Factors
Negative Factors
Franchise-based mortgage network
A franchised mortgage-broker network creates recurring revenue from franchise fees and service provision while supplying brokers with lead-gen, tech and training. These network effects and recurring services support durable revenue and retention dynamics that persist over quarters and help scale margins as volumes grow.
Read all positive factors
Dominion Lending Centres, Inc. (Canada) Class A (DLCG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$760.94M
Dividend Yield1.51%
Average Volume (3M)87.95K
Price to Earnings (P/E)31.6
Beta (1Y)0.57
Revenue Growth18.31%
EPS GrowthN/A
CountryCA
Employees158
SectorFinancial
Sector Strength70
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)0.13
Shares Outstanding77,736,890
10 Day Avg. Volume26,802
30 Day Avg. Volume87,954
Financial Highlights & Ratios
PEG Ratio-0.28
Price to Book (P/B)5.76
Price to Sales (P/S)7.54
P/FCF Ratio30.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$11.50Price Target Upside16.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.49
Revenue Forecast (FY)C$111.65M
Dominion Lending Centres, Inc. (Canada) Class A Business Overview & Revenue Model
Company Description
Dominion Lending Centres Inc. provides mortgage brokerage franchising and data connectivity services in Canada. The company operates in two segments, Core Business Operations and Non-Core Business Asset Management. As of December 31, 2021, it oper...
How the Company Makes Money
DLCG primarily makes money by monetizing its mortgage-broker network and the volume of mortgages originated through that network. Key revenue streams typically include: (1) Franchise and network fees: recurring fees paid by franchisees/agents for ...
Dominion Lending Centres, Inc. (Canada) Class A Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
85
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 102.88M | 76.75M | 62.52M | 70.72M | 78.82M |
| Gross Profit | 82.35M | 65.93M | 52.09M | 60.02M | 68.97M |
| EBITDA | 44.95M | 41.36M | 25.75M | 30.84M | 43.44M |
| Net Income | 24.56M | -126.77M | 64.00K | 12.06M | -5.51M |
Balance Sheet | |||||
| Total Assets | 226.04M | 218.89M | 218.11M | 223.94M | 253.93M |
| Cash, Cash Equivalents and Short-Term Investments | 2.01M | 4.73M | 5.61M | 9.21M | 20.89M |
| Total Debt | 36.21M | 32.19M | 35.76M | 34.27M | 37.53M |
| Total Liabilities | 90.72M | 85.19M | 192.16M | 191.75M | 220.10M |
| Stockholders Equity | 134.62M | 132.14M | 25.70M | 31.96M | 31.74M |
Cash Flow | |||||
| Free Cash Flow | 25.39M | 30.40M | 5.18M | 8.63M | 34.03M |
| Operating Cash Flow | 32.04M | 37.20M | 16.99M | 15.87M | 39.06M |
| Investing Cash Flow | -9.53M | -4.20M | -11.41M | 9.10M | -4.76M |
| Financing Cash Flow | -25.23M | -33.89M | -9.18M | -36.64M | -23.75M |
Dominion Lending Centres, Inc. (Canada) Class A Technical Analysis
Positive
9.89
Price Trends
8.92
Positive
9.24
Positive
9.30
Positive
Market Momentum
0.34
Negative
61.76
Neutral
55.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DLCG, the sentiment is Positive. The current price of 9.89 is above the 20-day moving average (MA) of 9.32, above the 50-day MA of 8.92, and above the 200-day MA of 9.30, indicating a bullish trend. The MACD of 0.34 indicates Negative momentum. The RSI at 61.76 is Neutral, neither overbought nor oversold. The STOCH value of 55.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DLCG.
Dominion Lending Centres, Inc. (Canada) Class A Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$760.94M | 31.59 | 18.00% | 1.51% | 18.31% | ― | |
71 Outperform | C$581.52M | 11.42 | 9.36% | 7.95% | -12.49% | -3.14% | |
70 Outperform | C$801.74M | 15.26 | 5.89% | 0.49% | 4.86% | -24.62% | |
69 Neutral | C$994.33M | 11.86 | 11.93% | 7.33% | 6.90% | -8.82% | |
68 Neutral | C$451.16M | 11.49 | 8.81% | 8.38% | -2.78% | 2.44% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | C$566.86M | 16.44 | 5.09% | 10.00% | -9.22% | -25.22% |
* Financial Sector Average
TSE:DLCG
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Dominion Lending Centres, Inc. (Canada) Class A Corporate Events
Business Operations and StrategyFinancial Disclosures
Dominion Lending Centres Sets Date for Q1 2026 Results and Investor Call
Neutral
Apr 9, 2026
Dominion Lending Centres Inc., a major Canadian franchisor of mortgage professionals and owner of Newton Connectivity Systems, operates a national network of more than 9,000 brokers and over 500 franchises through several subsidiaries. Headquarter...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Dominion Lending Centres Posts Record 2025 Volumes, Lifts Dividend as Profit Rebounds
Positive
Mar 24, 2026
Dominion Lending Centres reported a record $84.5 billion in funded mortgage volumes for 2025, a 25% year-over-year increase, alongside 25% revenue growth to $96.3 million and a 36% rise in adjusted EBITDA to $48.8 million, with margins expanding t...
Business Operations and StrategyPrivate Placements and Financing
Dominion Lending Centres Expands and Extends Credit Facilities to Support Growth Strategy
Positive
Feb 27, 2026
Dominion Lending Centres Inc., one of Canada’s largest mortgage brokerage networks and owner of Newton Connectivity Systems, has expanded its nationwide platform through a franchise model that links over 9,000 mortgage professionals and more...
Business Operations and StrategyFinancial Disclosures
Dominion Lending Centres Sets March Date for 2025 Results Release and Investor Call
Neutral
Feb 25, 2026
Dominion Lending Centres Inc., one of Canada’s largest networks of mortgage professionals and related technology services, operates nationwide through several subsidiaries and an extensive franchise network of more than 9,000 brokers. Headqu...
Dividends
Dominion Lending Centres Declares Quarterly Dividend of $0.04 per Share
Positive
Feb 16, 2026
Dominion Lending Centres Inc., Canada’s leading mortgage brokerage network, supports more than 9,000 agents and over 500 locations nationwide through several specialized subsidiaries. Founded in 2006 and headquartered in British Columbia, th...
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.