Genesis Land Dev (GDC) AI Stock Analysis

• Market Cap: C$190.85M
• Dividend Yield: N/A
• Average Volume (3M): 3.01K
• Price to Earnings (P/E): 4.8
• Beta (1Y): 0.24
• Revenue Growth: 7.07%
• EPS Growth: -3.06%
• Country: CA
• Employees: 120
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.32
• Shares Outstanding: 56,298,510
• 10 Day Avg. Volume: 3,528
• 30 Day Avg. Volume: 3,012
• PEG Ratio: -3.33
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 0.49
• P/FCF Ratio: 11.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: C$4.00 ▲(13.96% Upside)
• Action: Upgraded Date: 03/07/26
• Date: Action: Upgraded 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.

Revenue scaling and recent margins

Sustained revenue scaling and healthy operating and net margins in 2024–2025 indicate the company is achieving greater scale and operational leverage. This supports mid-term cash generation capacity and the ability to fund development activity or maintain investment properties, reducing execution risk over a 2–6 month horizon.

Manageable leverage and equity growth

Moderate debt levels and meaningful equity growth since 2020 create a stronger capital base and lower refinancing risk. Improved balance-sheet capacity supports continued land servicing and community buildouts, and gives room to absorb timing lags in lot sales without forcing distressed asset disposals in the near term.

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.

Cyclical, timing-sensitive business

Revenue and profitability depend heavily on housing starts, builder demand and development approvals. These external timing factors can produce lumpy revenue recognition and margin swings; near-term shifts in builder activity or approval schedules could materially affect lot sales and profitability over a 2–6 month period.

Geographic concentration

High concentration in the Calgary market ties results to local economic cycles, housing demand and regional policy. Limited geographic diversification increases exposure to local downturns or regulatory changes, making cash flow and lot pricing more susceptible to local shocks within the medium-term planning horizon.

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 environments. The company engages in land acquisition, planning, and development, delivering a diverse portfolio of properties that cater to the evolving needs of communities. With a commitment to innovation and environmental stewardship, GDC integrates modern design principles and sustainable practices into its projects, enhancing both aesthetic value and functionality.

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 gains from land sales. The company also engages in joint ventures and partnerships with other developers and investors, which can provide additional capital and reduce risk. Strategic collaborations with local governments and community organizations may lead to incentives like tax breaks or grants, further enhancing profitability. By maintaining a focus on market trends and customer preferences, GDC is able to maximize its revenue potential through effective project planning and execution.

Genesis Land Dev Financial Statement Overview

Summary

Strong recent revenue scaling and healthy margins in 2024–2025 support the score, alongside generally manageable leverage and meaningful equity growth. The main drag is cash-flow volatility (negative/weak operating cash in prior years and a notable 2025 operating cash decline despite strong earnings), reflecting timing/working-capital cyclicality typical for development.

Income Statement

Revenue has scaled materially over the last several years (from 2022 through 2025), with 2025 showing solid growth versus 2024. Profitability is currently healthy with strong operating and net margins in 2024–2025, but margins have not been consistently upward (net margin dipped in 2025 vs 2024) and results have shown cycle sensitivity, including a loss in 2020.

Balance Sheet

Leverage looks manageable for the business: debt relative to equity is moderate in 2023–2025 and improved slightly in 2025 vs 2024. Equity has grown meaningfully since 2020, supporting a larger asset base. That said, leverage is higher than earlier years (notably 2020–2021), and returns on equity, while strong in 2024–2025, eased in 2025—suggesting profitability may be normalizing.

Cash Flow

Free cash flow is positive in 2024–2025 and largely tracks reported earnings, which is a good quality signal. However, operating cash generation is inconsistent across the period (negative in 2023 and very weak in 2021), and 2025 operating cash flow fell meaningfully from 2024 even as earnings stayed strong—highlighting working-capital/real estate timing volatility.

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

• Technical Analysis Sentiment: Positive
• Last Price: 3.51
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 3.33, and above the 200-day MA of 3.23, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 53.64 is Neutral, neither overbought nor oversold. The STOCH value of 84.06 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BTB.UN	78 Outperform	C$336.30M	16.24	4.52%	7.37%	0.92%	92.93%
GDC	76 Outperform	C$190.85M	4.76	13.95%	―	7.07%	-3.06%
MRD	72 Outperform	C$550.64M	7.93	4.65%	3.14%	29.55%	425.60%
FCD.UN	66 Neutral	C$222.29M	8.72	6.20%	8.65%	2.69%	-45.80%
WFC	66 Neutral	C$528.32M	10.56	17.19%	―	-4.02%	34.29%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
MRT.UN	49 Neutral	C$439.57M	-25.11	-1.91%	3.85%	-5.37%	13.86%

Genesis Land Dev Corporate Events

Genesis Land boosts revenue, ups dividend and secures new credit line in 2025

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 sold more lots and homes year over year, increased its annual dividend to $0.215 per share, and closed a partial sale of its Hazel Lands Limited Partnership stake for $19.1 million.

Fourth-quarter performance was particularly strong, with revenue rising to $134.6 million and net earnings climbing to $17.9 million, driven by a sharp increase in lot sales and solid home-building revenues. Genesis also entered a new $105 million secured revolving credit facility to support land acquisitions and servicing, bolstering financial flexibility and positioning the company for continued disciplined growth in the Calgary housing market.

The most recent analyst rating on (TSE:GDC) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Genesis Land Dev stock, see the TSE:GDC Stock Forecast page.

Genesis Land Secures $105 Million Revolving Credit Facility to Fund Growth

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 to lender approval, is structured as a revolving loan and letters of credit available for general corporate purposes, including land acquisitions, serviced lot purchases and land servicing activities.

The credit line is secured against certain Genesis assets, notably specified land holdings and related development assets, and carries customary financial and non-financial covenants. Management says the additional liquidity enhances the group’s financial flexibility and underpins its long-term growth strategy, underscoring lender confidence in its integrated land development and home building operations in the Calgary region.

The most recent analyst rating on (TSE:GDC) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Genesis Land Dev stock, see the TSE:GDC Stock Forecast page.

Genesis Land Sells 40% Stake in Calgary’s Hazel Development for $19.1M

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 projected to deliver approximately 1,200 homes upon completion. This move strengthens Genesis’ collaboration with local builders while facilitating timely residential lot development in a growing community, reflecting commitment to creating vibrant neighborhoods.

The most recent analyst rating on (TSE:GDC) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Genesis Land Dev stock, see the TSE:GDC Stock Forecast page.