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Dye & Durham Ltd
TSX:DND

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Dye & Durham Ltd Logo
Dye & Durham Ltd
TSX:DND
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Price: 15.72 CAD -1.57% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Dye & Durham Ltd. engages in the development of software solutions for business law and real estate conveyancing. [ Read More ]

The intrinsic value of one DND stock under the Base Case scenario is 22.58 CAD. Compared to the current market price of 15.72 CAD, Dye & Durham Ltd is Undervalued by 30%.

Key Points:
DND Intrinsic Value
Base Case
22.58 CAD
Undervaluation 30%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Dye & Durham Ltd

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Fundamental Analysis

Revenue and EBITDA Growth with Debt Reduction Focus
2024-Q2 Earnings Call

Revenue and EBITDA Growth with Debt Reduction Focus

In a recent quarter, the company achieved 17% YoY revenue growth, reaching $110 million, albeit 3% growth when factoring in the TM Group sale. Adjusted EBITDA rose by 9% to $60 million, with margins a healthy 54.5%. Operating costs are projected to be 40-50% of revenues, indicating efficiency gains. Debt reduction is a priority, with net debt at $1.05 billion, and actions are in place to bring the net debt to adjusted EBITDA ratio below 4x. Meanwhile, annual contracted revenue (ACR) grew by 49%. The company is committed to growing ARR by 15% over the next 2.5 years, and has set ACR to outpace ARR.

Financials

Balance Sheet Decomposition
Dye & Durham Ltd

Current Assets 127.1m
Cash & Short-Term Investments 20.5m
Receivables 94.6m
Other Current Assets 12m
Non-Current Assets 1.9B
PP&E 17.7m
Intangibles 1.9B
Other Non-Current Assets 15.1m
Current Liabilities 150.7m
Accounts Payable 112.5m
Other Current Liabilities 38.2m
Non-Current Liabilities 1.5B
Long-Term Debt 1.3B
Other Non-Current Liabilities 204.3m
Efficiency

Earnings Waterfall
Dye & Durham Ltd

Revenue
451.1m CAD
Cost of Revenue
-47.2m CAD
Gross Profit
403.9m CAD
Operating Expenses
-335.9m CAD
Operating Income
68m CAD
Other Expenses
-240.7m CAD
Net Income
-172.7m CAD

Free Cash Flow Analysis
Dye & Durham Ltd

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Fundamental Scores

DND Profitability Score
Profitability Due Diligence

Dye & Durham Ltd's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

Exceptional 3-Years Revenue Growth
Positive Free Cash Flow
Positive Gross Profit
Positive Operating Income
50/100
Profitability
Score

Dye & Durham Ltd's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

DND Solvency Score
Solvency Due Diligence

Dye & Durham Ltd's solvency score is 18/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
High D/E
Positive Net Debt
18/100
Solvency
Score

Dye & Durham Ltd's solvency score is 18/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

DND Price Targets Summary
Dye & Durham Ltd

Wall Street analysts forecast DND stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for DND is 21.59 CAD with a low forecast of 16.16 CAD and a high forecast of 26.25 CAD.

Lowest
Price Target
16.16 CAD
3% Upside
Average
Price Target
21.59 CAD
37% Upside
Highest
Price Target
26.25 CAD
67% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

DND Price
Dye & Durham Ltd

1M 1M
+19%
6M 6M
+18%
1Y 1Y
-14%
3Y 3Y
-59%
5Y 5Y
+7%
10Y 10Y
+7%
Annual Price Range
15.72
52w Low
7.74
52w High
21.08
Price Metrics
Average Annual Return 51.32%
Standard Deviation of Annual Returns 152.1%
Max Drawdown -85%
Shares Statistics
Market Capitalization 1.1B CAD
Shares Outstanding 66 864 700
Percentage of Shares Shorted 2.17%

DND Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Dye & Durham Ltd Logo
Dye & Durham Ltd

Country

Canada

Industry

Technology

Market Cap

1.1B CAD

Dividend Yield

0.47%

Description

Dye & Durham Ltd. engages in the development of software solutions for business law and real estate conveyancing. The company is headquartered in Toronto, Ontario and currently employs 1,501 full-time employees. The company went IPO on 2020-07-17. The firm provides critical workflow software and information services, which clients use to manage their process information and regulatory requirements. Its legal software automates workflow and streamlines access to public records to support end-to-end legal transactions-solutions range from due diligence searches on an acquisition or financing to corporate registrations and the automation of all documents required to complete a real estate purchase, sale and mortgage. The company provides government agencies with searches on corporations and individuals to facilitate investigations and compliance reviews. The company offers financial institutions a range of technology-enabled risk mitigation solutions focused on challenges related to anti-money launderings/know-your-customer and lien management. The company serves over 50,000 legal firms, financial service institutions and government organizations.

Contact

ONTARIO
TORONTO
199 Bay Street, Suite 4610
+14166407100.0

IPO

2020-07-17

Employees

1 501

Officers

CEO & Director
Mr. Matthew Proud
Global Chief Financial Officer
Mr. Frank Di Liso
Global Chief Operating Officer
Ms. Martha Vallance
Executive VP & Chief Legal Officer
Mr. Charlie MacCready
Chief Accounting Officer
Mr. Amit Kakar
Chief People & Communications Officer
Mr. Wojtek Dabrowski
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Chief Executive Officer of Canadian Financial Services Infrastructure Business
Mr. John Robinson
Chief Product Officer
Mr. David Nash
Chief Revenue Officer
Mr. Aaron Eichenlaub
Show Less

See Also

Discover More
What is the Intrinsic Value of one DND stock?

The intrinsic value of one DND stock under the Base Case scenario is 22.58 CAD.

Is DND stock undervalued or overvalued?

Compared to the current market price of 15.72 CAD, Dye & Durham Ltd is Undervalued by 30%.