Genesis Land Dev (TSE:GDC)
TSX:GDC
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Genesis Land Dev
(TSX:GDC)
Select Model
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Rating:76Outperform
Price Target:
C$4.00
▲(13.96% Upside)
Action:UpgradedDate:03/07/26
The score is led by attractive valuation (very low P/E) and solid recent profitability with manageable leverage. These positives are partially offset by uneven cash generation and real-estate timing volatility, while technicals are constructive but somewhat extended short-term (high stochastic).
Positive Factors
Dual revenue streams
A mixed business model combining lumpy land/lot sales with recurring rental income provides stability and optionality. Recurring cash flow from investment properties cushions development cyclicality, improving liquidity flexibility and allowing management to pace lot disposals over the next several months to optimize pricing.
Negative Factors
Operating cash volatility
Inconsistent operating cash generation highlights pronounced working-capital and timing risk inherent in land development. Even with positive free cash flow in 2024–2025, a material drop in 2025 operating cash versus earnings shows cash timing can undermine liquidity and constrain project funding or margins over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Dual revenue streams
A mixed business model combining lumpy land/lot sales with recurring rental income provides stability and optionality. Recurring cash flow from investment properties cushions development cyclicality, improving liquidity flexibility and allowing management to pace lot disposals over the next several months to optimize pricing.
Read all positive factors
Genesis Land Dev (GDC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$193.09M
Dividend YieldN/A
Average Volume (3M)3.01K
Price to Earnings (P/E)4.8
Beta (1Y)0.27
Revenue Growth7.07%
EPS Growth-3.06%
CountryCA
Employees120
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.32
Shares Outstanding56,294,353
10 Day Avg. Volume3,528
30 Day Avg. Volume3,012
Financial Highlights & Ratios
PEG Ratio-3.33
Price to Book (P/B)0.63
Price to Sales (P/S)0.49
P/FCF Ratio11.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Genesis Land Dev Business Overview & Revenue Model
Company Description
Genesis Land Dev (GDC) is a prominent real estate development company specializing in residential and commercial properties. Operating primarily in urban and suburban markets, GDC focuses on creating high-quality, sustainable living and working en...
How the Company Makes Money
Genesis Land Dev generates revenue through multiple streams primarily centered around real estate development. Key revenue sources include the sale of developed residential and commercial properties, leasing income from rental properties, and gain...
Genesis Land Dev Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 381.16M | 361.06M | 203.31M | 140.36M | 109.76M |
| Gross Profit | 100.99M | 96.52M | 46.53M | 27.16M | 31.84M |
| EBITDA | 63.36M | 60.13M | 19.50M | 7.29M | 15.33M |
| Net Income | 39.24M | 39.60M | 14.51M | 4.52M | 10.88M |
Balance Sheet | |||||
| Total Assets | 629.91M | 577.72M | 440.08M | 364.14M | 324.93M |
| Cash, Cash Equivalents and Short-Term Investments | 17.51M | 21.41M | 37.55M | 36.60M | 63.98M |
| Total Debt | 137.18M | 134.45M | 104.30M | 65.90M | 33.51M |
| Total Liabilities | 302.55M | 290.52M | 198.94M | 136.80M | 88.99M |
| Stockholders Equity | 298.49M | 266.48M | 231.14M | 224.63M | 228.62M |
Cash Flow | |||||
| Free Cash Flow | 16.16M | 26.07M | -8.46M | 3.91M | -358.00K |
| Operating Cash Flow | 17.74M | 27.55M | -7.80M | 4.52M | 517.00K |
| Investing Cash Flow | -1.58M | -14.06M | 1.34M | -2.10M | -885.00K |
| Financing Cash Flow | -20.06M | -29.63M | 7.41M | 18.48M | 32.73M |
Genesis Land Dev Technical Analysis
Positive
3.51
Price Trends
3.35
Positive
3.29
Positive
3.25
Positive
Market Momentum
<0.01
Positive
49.06
Neutral
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GDC, the sentiment is Positive. The current price of 3.51 is above the 20-day moving average (MA) of 3.40, above the 50-day MA of 3.35, and above the 200-day MA of 3.25, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.06 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GDC.
Genesis Land Dev Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$193.09M | 4.76 | 13.95% | ― | 7.07% | -3.06% | |
72 Outperform | C$549.74M | 7.93 | 4.65% | 3.14% | 29.55% | 425.60% | |
70 Outperform | C$336.30M | 16.24 | 4.52% | 7.37% | 0.92% | 92.93% | |
66 Neutral | C$228.20M | 8.72 | 6.20% | 8.65% | 2.69% | -45.80% | |
66 Neutral | C$510.44M | 10.56 | 17.19% | ― | -4.02% | 34.29% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
49 Neutral | C$438.24M | -25.11 | -1.91% | 3.85% | -5.37% | 13.86% |
* Real Estate Sector Average
TSE:GDC
Genesis Land Dev
3.43
0.42
13.95%
TSE:BTB.UN
BTB REIT
3.81
0.63
19.92%
TSE:FCD.UN
Firm Capital Property
6.18
0.90
16.98%
TSE:MRT.UN
Morguard Real Estate ate
6.58
1.25
23.50%
TSE:WFC
Wall Financial
15.99
5.81
57.01%
TSE:MRD
Melcor Developments
18.28
6.58
56.21%
Genesis Land Dev Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
Genesis Land boosts revenue, ups dividend and secures new credit line in 2025
Positive
Mar 6, 2026
Genesis Land Development Corp., a Calgary-focused land developer and home builder, reported higher full-year 2025 revenue of $381.2 million, up from $361.1 million in 2024, while net earnings were essentially flat at $39.2 million. The company sol...
Business Operations and StrategyPrivate Placements and Financing
Genesis Land Secures $105 Million Revolving Credit Facility to Fund Growth
Positive
Feb 12, 2026
Genesis Land Development Corp. has secured a new $105 million secured revolving credit facility with a syndicate of Canadian financial institutions for an initial three-year term. The facility, which can be extended in one-year increments subject ...
Business Operations and StrategyM&A Transactions
Genesis Land Sells 40% Stake in Calgary’s Hazel Development for $19.1M
Positive
Dec 18, 2025
Genesis Land Development Corp. has finalized an agreement to sell a combined 40% ownership stake in its Hazel residential project in Calgary to two Alberta-based home builders for $19.1 million. The Hazel development spans 160 acres and is project...
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.