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:65Neutral
Price Target:
C$9.00
▼(-9.00% Downside)
Action:Downgraded
Date:05/09/26
The score is primarily supported by strong recent financial performance (profitability, positive operating cash flow/free cash flow, and currently conservative leverage), but it is held back by historical earnings volatility and a very high P/E valuation. Technical signals are broadly neutral with mild positive longer-term trend support.
Positive Factors
Broker-distribution model
Dominion’s broker-centric franchise/network drives recurring commission streams and diversified service fees (branding, training, tech). That distribution scale and service mix create durable client acquisition and low asset intensity, supporting steady revenue generation over cycles.
Negative Factors
Earnings volatility across cycle
Historic swings—including large losses in 2024 and 2021—show underlying earnings sensitivity. Such volatility impairs predictability of cashflows and capital allocation, increasing execution risk for dividends, buybacks or strategic investments across multi-quarter horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Broker-distribution model
Dominion’s broker-centric franchise/network drives recurring commission streams and diversified service fees (branding, training, tech). That distribution scale and service mix create durable client acquisition and low asset intensity, supporting steady revenue generation over cycles.
Read all positive factors
Dominion Lending Centres, Inc. (Canada) Class A (DLCG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$691.58M
Dividend Yield1.51%
Average Volume (3M)87.95K
Price to Earnings (P/E)29.0
Beta (1Y)0.59
Revenue Growth9.56%
EPS GrowthN/A
CountryCA
Employees158
SectorFinancial
Sector Strength70
IndustryFinancial - Mortgages
Share Statistics
EPS (TTM)0.30
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$109.65M
Dominion Lending Centres, Inc. (Canada) Class A Business Overview & Revenue Model
Company Description
Operating within Canada, Dominion Lending Centres Inc. specializes in offering mortgage brokerage franchising and associated data connectivity solutions. The company's operations are divided into two main segments: Core Business Operations and Non...
How the Company Makes Money
Dominion Lending Centres, Inc. generates revenue primarily through mortgage brokerage-related commissions and fees tied to the origination and funding of mortgages arranged through its network. In a typical Canadian mortgage brokerage model, lende...
Dominion Lending Centres, Inc. (Canada) Class A Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 97.50M | 102.88M | 76.75M | 62.52M | 70.72M | 78.82M |
| Gross Profit | 83.85M | 82.35M | 65.93M | 52.09M | 60.02M | 68.97M |
| EBITDA | 42.41M | 44.95M | 41.36M | 25.75M | 30.84M | 43.44M |
| Net Income | 23.13M | 24.56M | -126.77M | 64.00K | 12.06M | -5.51M |
Balance Sheet | ||||||
| Total Assets | 224.13M | 226.04M | 218.89M | 218.11M | 223.94M | 253.93M |
| Cash, Cash Equivalents and Short-Term Investments | 1.54M | 2.01M | 4.73M | 5.61M | 9.21M | 20.89M |
| Total Debt | 48.41M | 36.21M | 32.19M | 35.76M | 34.27M | 37.53M |
| Total Liabilities | 88.06M | 90.72M | 85.19M | 192.16M | 191.75M | 220.10M |
| Stockholders Equity | 135.37M | 134.62M | 132.14M | 25.70M | 31.96M | 31.74M |
Cash Flow | ||||||
| Free Cash Flow | 18.53M | 25.39M | 30.40M | 5.18M | 8.63M | 34.03M |
| Operating Cash Flow | 29.34M | 32.04M | 37.20M | 16.99M | 15.87M | 39.06M |
| Investing Cash Flow | -23.12M | -9.53M | -4.20M | -11.41M | 9.10M | -4.76M |
| Financing Cash Flow | -8.85M | -25.23M | -33.89M | -9.18M | -36.64M | -23.75M |
Dominion Lending Centres, Inc. (Canada) Class A Technical Analysis
Negative
9.89
Price Trends
9.22
Negative
9.01
Negative
9.35
Negative
Market Momentum
-0.04
Negative
45.39
Neutral
32.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DLCG, the sentiment is Negative. The current price of 9.89 is above the 20-day moving average (MA) of 8.73, above the 50-day MA of 9.22, and above the 200-day MA of 9.35, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 45.39 is Neutral, neither overbought nor oversold. The STOCH value of 32.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | C$907.92M | 28.81 | 5.89% | 0.49% | 9.23% | -14.64% | |
72 Outperform | C$440.50M | 12.18 | 8.48% | 8.38% | -8.75% | -3.51% | |
70 Outperform | C$1.01B | 12.11 | 12.71% | 7.33% | 10.47% | 9.78% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | C$691.58M | 29.00 | 16.96% | 1.51% | 9.56% | ― | |
61 Neutral | C$568.08M | 11.52 | 9.35% | 7.95% | -11.74% | -1.31% | |
55 Neutral | C$545.34M | 18.09 | 4.48% | 10.00% | -10.08% | -35.26% |
* Financial Sector Average
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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...
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.