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Dye & Durham
(TSX:DND)
Dye & Durham (DND) vs. iShares MSCI Canada ETF (EWC)
Dye & Durham Business Overview & Revenue Model
Dye & Durham Earnings Call Summary
Dye & Durham Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 469.07M | 457.70M | 451.11M | 474.81M | 208.94M | 65.51M |
| Gross Profit | 396.85M | 312.90M | 304.78M | 417.25M | 181.02M | 58.68M |
| EBITDA | 130.78M | 104.83M | 79.05M | 232.35M | 34.94M | 34.52M |
| Net Income | -153.91M | -174.98M | -170.64M | 7.67M | -40.85M | -11.24M |
Balance Sheet | ||||||
| Total Assets | 2.25B | 2.24B | 2.12B | 2.25B | 1.56B | 166.96M |
| Cash, Cash Equivalents and Short-Term Investments | 37.05M | 80.32M | 36.27M | 223.62M | 429.33M | 2.57M |
| Total Debt | 1.67B | 1.55B | 1.35B | 1.17B | 599.94M | 195.56M |
| Total Liabilities | 1.95B | 1.85B | 1.70B | 1.49B | 807.45M | 2.00M |
| Stockholders Equity | 304.02M | 389.34M | 423.08M | 763.42M | 750.92M | -2.00M |
Cash Flow | ||||||
| Free Cash Flow | 123.10M | 141.92M | 108.30M | 161.63M | 69.83M | 30.14M |
| Operating Cash Flow | 152.81M | 180.87M | 141.40M | 185.44M | 79.35M | 33.17M |
| Investing Cash Flow | -276.47M | -40.28M | -158.27M | -923.58M | -790.67M | -11.17M |
| Financing Cash Flow | 60.03M | 90.16M | -164.87M | 535.30M | 1.14B | -22.98M |
Dye & Durham Technical Analysis
Dye & Durham Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | C$3.16B | 220.73 | 2.88% | ― | -9.05% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | C$9.80B | 3,603.62 | -0.05% | ― | 25.22% | -97.97% | |
56 Neutral | C$223.69M | -29.42 | -2.18% | ― | -4.34% | 31.52% | |
55 Neutral | C$268.69M | -1.74 | ― | 1.80% | 2.47% | 19.37% | |
54 Neutral | C$689.34M | -22.42 | -18.09% | ― | 12.20% | -8.46% | |
48 Neutral | C$135.91M | ― | ― | ― | ― | ― |
Dye & Durham Corporate Events
Dye & Durham has completed the sale of its UK-based subsidiary Credas Technologies to SmartSearch for approximately £77.8 million, with all net proceeds earmarked for repaying senior secured debt as part of a broader effort to deleverage and strengthen its balance sheet. Management says the divestiture marks a key step in simplifying the business and refocusing on core legal software platforms, while a new commercial agreement with Credas and SmartSearch is designed to ensure ongoing service continuity for Dye & Durham’s practice management and data insights customers in the UK.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has appointed veteran securities and corporate lawyer Norman Findlay to its board of directors, where he will serve as Plantro Ltd.’s nominee, replacing outgoing director David Danziger. Findlay, a retired partner from Bennett Jones and former partner at several major Canadian law firms with extensive experience in securities, M&A and corporate governance, will also be included on the company’s slate for election at its rescheduled annual and special meeting, bolstering board expertise as the legal-tech provider continues to navigate complex capital markets and regulatory environments.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has disclosed a further delay in filing its audited financial statements for fiscal 2025 and its first-quarter results to September 30, 2025, after its auditor requested additional time to review historical revenue recognition practices under prior management. While current management believes any cumulative adjustments from earlier periods would be immaterial, the auditor will not issue an opinion until its review is complete, leaving a cease-trade order from the Ontario Securities Commission in place and forcing the company to seek court approval to postpone its December 31 annual and special shareholders’ meeting and reset the record date, with new materials to be circulated once a revised timetable is established.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited said Canada’s Commissioner of Competition has discontinued a previously disclosed inquiry into alleged conduct by the company and confirmed that no further investigative steps are planned. The decision removes a regulatory overhang for the legal technology and payments infrastructure provider, potentially easing concerns among investors and customers about ongoing competition scrutiny and allowing management to focus more fully on executing its growth strategy across its international markets.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has obtained an order from the Ontario Superior Court of Justice exempting it from the legal requirement to send its audited fiscal 2025 financial statements to shareholders 21 days before its December 31 annual general and special meeting, giving the company flexibility to complete its year-end audit. The company expects to finalize and file the audited statements by December 23 and, if that timeline is met, will proceed with the meeting as scheduled; otherwise, it plans to return to court to seek further relief, underscoring the importance of the audit timetable for its corporate governance processes and shareholder communications.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham has formally initiated a strategic sale process to explore options for restructuring or selling the company and its Canadian Financial Services Division. The company also secured an essential amendment to its senior credit agreement, granting additional time to file outstanding financial statements and providing liquidity access. Furthermore, the unconditional clearance for the sale of Credas Technologies Ltd. has been received, reinforcing Dye & Durham’s strategic direction while ensuring continued operational stability during this transitional phase.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited announced that the Ontario Securities Commission has issued a failure-to-file cease trade order due to the company’s inability to file its required financial statements and related documents. This order prohibits trading of the company’s securities in Canada until the filings are completed, impacting the company’s operations and potentially affecting stakeholders’ confidence.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited announced the adjournment of a court hearing regarding its application for relief from the requirement to send audited financial statements to shareholders before the annual meeting. The delay allows a shareholder’s counsel to prepare opposition materials, potentially impacting the company’s compliance timeline and shareholder relations.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has announced an update regarding its management cease trade order (MCTO) due to delayed financial filings. The company has been granted an extension by the Ontario Securities Commission to file its required financial documents, but it faces potential default under its senior credit agreement if the filings are not completed by specified deadlines. The company is also seeking court relief to delay sending financial statements to shareholders ahead of its annual meeting, highlighting ongoing challenges in meeting regulatory and contractual obligations.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has announced the filing of its management information circular for the upcoming annual general and special meeting of shareholders scheduled for December 31, 2025. The company is currently unable to meet the delivery requirement for its annual financial statements due to ongoing audit processes, and has applied to the Ontario Superior Court of Justice for relief to extend the deadline or potentially delay the meeting. This situation may impact the company’s compliance with corporate and securities laws and could affect shareholder engagement.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has announced significant changes to its Board of Directors following a Settlement Agreement with OneMove Capital Ltd. These changes include the addition of new directors and a refreshed leadership team aimed at advancing the company’s strategic transformation. The agreement with OneMove, which includes voting support for the company’s slate at the upcoming AGM, is seen as a constructive step forward, positioning the company for better execution and sustained value creation for shareholders.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has responded to media reports regarding a legal action involving Plantro Ltd. and Matthew Proud. The company is enforcing compliance with a Cooperation Agreement, which includes standstill restrictions during its strategic review process. Dye & Durham disagrees with the allegations in the counterclaim and will address them through the court. The ongoing legal proceedings are part of the company’s efforts to maintain strategic focus and uphold shareholder interests.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has announced updates on its financial filing status and regulatory compliance. The Ontario Securities Commission has completed its issue-oriented review of the company, and Dye & Durham is working to address delays in filing its annual and quarterly financial statements. The company has obtained a temporary waiver under its senior credit agreement to prevent default and has secured an extension of the management cease trade order until December 13, 2025. This extension allows the company more time to complete the necessary filings, with implications for its financial stability and regulatory adherence. The management cease trade order restricts trading by the CEO and CFO but does not affect other shareholders.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has appointed Alan R. Hibben as the Independent Chair of its Board of Directors, with George Tsivin, the company’s CEO, also joining the Board. This strategic move aims to enhance governance and align the company’s strategic direction with its operational execution, as it continues its transformation strategy. The appointments come as the company prepares for its Annual General Meeting, with the new leadership expected to engage with key shareholders and drive long-term shareholder value.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has appointed Alan R. Hibben as the Independent Chair of its Board of Directors, with George Tsivin, the company’s CEO, also joining the Board. This strategic move aims to enhance governance and align operational execution with strategic priorities, as the company continues its transformation strategy. The appointments are expected to strengthen the Board’s leadership ahead of the upcoming Annual General Meeting, with a focus on engaging key shareholders and exploring opportunities for further board refreshment.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has updated its Investor FAQ section to provide clarity on its preliminary unaudited Fiscal 2025 and Q1 Fiscal 2026 results. The company reported a 3.7% decline in revenue due to macroeconomic challenges, customer contract renewals, and reduced acquisition activity, but remains compliant with its financial covenants. Additionally, the company is seeking a waiver for not delivering quarterly financial statements on time, and has secured a temporary injunction in its court action against Matthew Proud and Plantro Ltd.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited announced its preliminary unaudited financial results for fiscal year 2025 and the first quarter of fiscal 2026, highlighting a revenue of approximately $440.6 million and a net loss of around $82.7 million. The company is undergoing a transformation strategy, with plans to stabilize and return to growth by early fiscal 2027, supported by a cost optimization program and the sale of Credas to improve liquidity and operational flexibility.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$8.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has launched its Tax Certificates Online (TCOL) service in the City of Hamilton, enhancing the efficiency and transparency of property tax transactions. This digital platform replaces manual processes, allowing faster access to property tax certificates and streamlining real estate transactions, thereby benefiting legal and finance professionals as well as residents. The service is part of a broader initiative to modernize property tax services across Ontario municipalities, reinforcing Dye & Durham’s commitment to providing reliable technology solutions that improve operational efficiency and user experience.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$8.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has announced a bi-weekly update regarding a management cease trade order (MCTO) issued by the Ontario Securities Commission due to delayed filing of its annual financial statements. The MCTO restricts trading activities of the company’s CEO and CFO but does not affect other investors. The delay is linked to an ongoing review process with the OSC, and the company is actively working to resolve the issue and complete its filings.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$8.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has affirmed its financial flexibility, maintaining sufficient liquidity to meet its debt obligations and operational needs. The company is progressing with the sale of Credas Technologies Limited, expected to close by January 2026, which will generate approximately C$146 million in gross proceeds. These funds will be used primarily for debt reduction, aiming to lower the company’s net leverage ratio by approximately 0.5x. Additionally, the company has C$185 million in escrow for the settlement of convertible debentures due in 2026. During this period, Dye & Durham is limiting investor engagement until its financial reporting is complete.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$8.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has announced an update on its strategic review process, which includes the potential sale of the company or its assets, recapitalizations, or mergers. The process has faced challenges, including the withdrawal of Plantro’s proposal and misleading statements affecting the company’s financial leverage and future prospects. Despite these challenges, the company is committed to maximizing shareholder value and is seeking a new financial advisor after CIBC Capital Markets decided not to proceed in this role.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$8.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has issued a statement to correct inaccuracies in a press release by Plantro Ltd. The company is engaged in a comprehensive strategic review process with the assistance of CIBC, its financial advisor, and has addressed concerns regarding its financial position and debt agreements. Dye & Durham plans to use proceeds from the sale of Credas to repay part of its revolving credit facility, ensuring compliance with its debt covenants by the end of March 2026. This announcement aims to clarify the company’s financial strategy and reassure stakeholders of its commitment to maintaining financial stability.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$8.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has initiated legal action against Plantro Ltd. and Matthew Proud to enforce the terms of a Cooperation Agreement, which they claim has been repudiated. The company is seeking a court declaration to affirm the agreement’s validity and prevent breaches, as part of its strategic review process. The Strategic Committee, with advisors CIBC Capital Markets and Osler, Hoskin & Harcourt LLP, is evaluating strategic alternatives and preparing for a sales process, with a deadline for initial proposals set for December 29, 2025.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$8.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.
Dye & Durham Limited has announced a bi-weekly default status report following a temporary management cease trade order (MCTO) issued by the Ontario Securities Commission due to delayed filing of its annual financial statements. The MCTO restricts trading by the company’s CEO and CFO but does not affect other shareholders. The company is actively working with advisors and auditors to complete the review process and file the necessary documents promptly, ensuring compliance with alternative information guidelines.
The most recent analyst rating on (TSE:DND) stock is a Hold with a C$8.50 price target. To see the full list of analyst forecasts on Dye & Durham stock, see the TSE:DND Stock Forecast page.