Genesis Land Dev (TSE:GDC)
TSX:GDC
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Genesis Land Dev
(TSX:GDC)
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Rating:76Outperform
Price Target:
C$4.00
▲(13.96% Upside)
Action:Reiterated
Date:05/15/26
The score is driven by improved profitability with moderate leverage, supported by constructive trend indicators. The strongest positive is the very low P/E valuation, while the main constraint is cash-flow variability and a modest TTM revenue pullback typical of a cyclical development business.
Positive Factors
Improved Profitability
Net margins near 10% reflect materially improved operational profitability after recent scaling. Sustained mid‑to‑high single‑digit margins provide durable cash cushion through project cycles, enabling reinvestment into entitlements and lowering break‑even on new lot sales over time.
Negative Factors
Cash-Flow Volatility
Operating and free cash flow volatility, including negative flows in 2023, signals timing and working‑capital sensitivity. In development, concentrated lot closings or permit delays can produce large intra‑year swings that stress liquidity and raise execution risk during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
Net margins near 10% reflect materially improved operational profitability after recent scaling. Sustained mid‑to‑high single‑digit margins provide durable cash cushion through project cycles, enabling reinvestment into entitlements and lowering break‑even on new lot sales over time.
Read all positive factors
Genesis Land Dev (GDC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$194.78M
Dividend YieldN/A
Average Volume (3M)3.01K
Price to Earnings (P/E)56.5
Beta (1Y)0.27
Revenue Growth6.68%
EPS Growth-11.83%
CountryCA
Employees120
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.60
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
GDC makes money primarily by creating value in land and realizing that value through sales. Key revenue streams typically include: (1) Sale of developed lots/serviced parcels: after obtaining zoning/approvals (entitlements) and installing infrastr...
Genesis Land Dev Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 374.40M | 381.16M | 361.06M | 203.31M | 140.36M | 109.76M |
| Gross Profit | 94.82M | 100.99M | 96.52M | 46.53M | 27.16M | 31.84M |
| EBITDA | 55.39M | 63.36M | 60.13M | 19.50M | 7.29M | 15.33M |
| Net Income | 34.03M | 39.24M | 39.60M | 14.51M | 4.52M | 10.88M |
Balance Sheet | ||||||
| Total Assets | 621.50M | 629.91M | 577.72M | 440.08M | 364.14M | 324.93M |
| Cash, Cash Equivalents and Short-Term Investments | 22.52M | 17.51M | 21.41M | 37.55M | 36.60M | 63.98M |
| Total Debt | 140.86M | 137.18M | 134.45M | 104.30M | 65.90M | 33.51M |
| Total Liabilities | 297.77M | 302.55M | 290.52M | 198.94M | 136.80M | 88.99M |
| Stockholders Equity | 298.15M | 298.49M | 266.48M | 231.14M | 224.63M | 228.62M |
Cash Flow | ||||||
| Free Cash Flow | 25.70M | 16.16M | 26.07M | -8.46M | 3.91M | -358.00K |
| Operating Cash Flow | 27.25M | 17.74M | 27.55M | -7.80M | 4.52M | 517.00K |
| Investing Cash Flow | -447.00K | -1.58M | -14.06M | 1.34M | -2.10M | -885.00K |
| Financing Cash Flow | -28.39M | -20.06M | -29.63M | 7.41M | 18.48M | 32.73M |
Genesis Land Dev Technical Analysis
Positive
3.51
Price Trends
3.39
Positive
3.35
Positive
3.31
Positive
Market Momentum
0.02
Negative
55.09
Neutral
73.33
Neutral
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 3.37, above the 50-day MA of 3.39, and above the 200-day MA of 3.31, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 55.09 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 is Neutral, 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$194.78M | 56.48 | 13.95% | ― | 6.68% | -11.83% | |
76 Outperform | C$539.22M | 5.90 | 4.65% | 3.14% | 15.60% | 198.76% | |
71 Outperform | C$258.11M | 13.58 | 8.24% | 8.65% | 0.44% | -10.34% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | C$520.77M | 41.84 | 17.19% | ― | -12.68% | 22.30% | |
59 Neutral | C$324.83M | 10.11 | 4.68% | 7.37% | -3.12% | -41.32% | |
54 Neutral | C$437.38M | 18.25 | -1.91% | 3.85% | -6.31% | ― |
* Real Estate Sector Average
TSE:GDC
Genesis Land Dev
3.46
0.50
16.89%
TSE:BTB.UN
BTB REIT
3.65
0.39
12.10%
TSE:FCD.UN
Firm Capital Property
6.68
1.04
18.50%
TSE:MRT.UN
Morguard Real Estate ate
6.50
0.78
13.68%
TSE:WFC
Wall Financial
16.90
3.43
25.45%
TSE:MRD
Melcor Developments
17.49
5.10
41.21%
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...
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.