DREAM UNLIMITED-CL A SUB VOT (DRM.CA) Fundamental Analysis & Valuation
TSX:DRM • CA26153M5072
21.26 CAD
-0.44 (-2.03%)
Last: Mar 3, 2026, 07:00 PM
This DRM.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 3 out of 10 to DRM. DRM was compared to 30 industry peers in the Real Estate Management & Development industry. DRM has a bad profitability rating. Also its financial health evaluation is rather negative. DRM is valued correctly, but it does not seem to be growing.
1. DRM.CA Profitability Analysis
1.1 Basic Checks
- In the past year DRM was profitable.
- DRM had a negative operating cash flow in the past year.
- DRM had positive earnings in 4 of the past 5 years.
- DRM had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
- DRM has a Return On Assets (2.08%) which is comparable to the rest of the industry.
- The Return On Equity of DRM (5.57%) is better than 63.33% of its industry peers.
- The Return On Invested Capital of DRM (1.74%) is worse than 70.00% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for DRM is significantly below the industry average of 11.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 5.57% | ||
| ROIC | 1.74% |
ROA(3y)1.98%
ROA(5y)2.94%
ROE(3y)4.92%
ROE(5y)6.79%
ROIC(3y)1.83%
ROIC(5y)1.65%
1.3 Margins
- Looking at the Profit Margin, with a value of 19.08%, DRM is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
- In the last couple of years the Profit Margin of DRM has declined.
- DRM has a Operating Margin of 17.98%. This is comparable to the rest of the industry: DRM outperforms 50.00% of its industry peers.
- DRM's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 32.25%, DRM is doing worse than 70.00% of the companies in the same industry.
- DRM's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.98% | ||
| PM (TTM) | 19.08% | ||
| GM | 32.25% |
OM growth 3Y18.53%
OM growth 5Y-16%
PM growth 3Y-3.77%
PM growth 5Y-12.07%
GM growth 3Y4.93%
GM growth 5Y-12.44%
2. DRM.CA Health Analysis
2.1 Basic Checks
- DRM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- DRM has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, DRM has less shares outstanding
- DRM has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.93, we must say that DRM is in the distress zone and has some risk of bankruptcy.
- DRM's Altman-Z score of 0.93 is in line compared to the rest of the industry. DRM outperforms 50.00% of its industry peers.
- A Debt/Equity ratio of 1.32 is on the high side and indicates that DRM has dependencies on debt financing.
- DRM has a worse Debt to Equity ratio (1.32) than 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.93 |
ROIC/WACC0.23
WACC7.43%
2.3 Liquidity
- A Current Ratio of 1.46 indicates that DRM should not have too much problems paying its short term obligations.
- DRM's Current ratio of 1.46 is fine compared to the rest of the industry. DRM outperforms 63.33% of its industry peers.
- A Quick Ratio of 1.46 indicates that DRM should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.46, DRM is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.46 | ||
| Quick Ratio | 1.46 |
3. DRM.CA Growth Analysis
3.1 Past
- DRM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 394.52%, which is quite impressive.
- DRM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -11.62% yearly.
- DRM shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.89%.
- DRM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.48% yearly.
EPS 1Y (TTM)394.52%
EPS 3Y18.69%
EPS 5Y-11.62%
EPS Q2Q%2.78%
Revenue 1Y (TTM)-17.89%
Revenue growth 3Y24.21%
Revenue growth 5Y1.48%
Sales Q2Q%19.7%
3.2 Future
- The Earnings Per Share is expected to decrease by -29.22% on average over the next years. This is quite bad
- Based on estimates for the next years, DRM will show a decrease in Revenue. The Revenue will decrease by -2.39% on average per year.
EPS Next Y-92.66%
EPS Next 2Y-31.48%
EPS Next 3Y-29.22%
EPS Next 5YN/A
Revenue Next Year-20.97%
Revenue Next 2Y-1.42%
Revenue Next 3Y-2.39%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. DRM.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 9.89 indicates a reasonable valuation of DRM.
- 73.33% of the companies in the same industry are more expensive than DRM, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 26.83, DRM is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 10.96, the valuation of DRM can be described as reasonable.
- Based on the Price/Forward Earnings ratio, DRM is valued cheaper than 93.33% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.95. DRM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.89 | ||
| Fwd PE | 10.96 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DRM is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 32.97 |
4.3 Compensation for Growth
- A cheap valuation may be justified as DRM's earnings are expected to decrease with -29.22% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-31.48%
EPS Next 3Y-29.22%
5. DRM.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 12.46%, DRM is a good candidate for dividend investing.
- DRM's Dividend Yield is rather good when compared to the industry average which is at 2.86. DRM pays more dividend than 96.67% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, DRM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.46% |
5.2 History
- The dividend of DRM is nicely growing with an annual growth rate of 52.47%!
- DRM has been paying a dividend for over 5 years, so it has already some track record.
- The dividend of DRM decreased recently.
Dividend Growth(5Y)52.47%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- 84.43% of the earnings are spent on dividend by DRM. This is not a sustainable payout ratio.
- The Dividend Rate of DRM has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP84.43%
EPS Next 2Y-31.48%
EPS Next 3Y-29.22%
DRM.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:DRM (3/3/2026, 7:00:00 PM)
21.26
-0.44 (-2.03%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)02-24 2026-02-24
Earnings (Next)05-11 2026-05-11
Inst Owners21.77%
Inst Owner ChangeN/A
Ins Owners40.86%
Ins Owner ChangeN/A
Market Cap859.54M
Revenue(TTM)443.46M
Net Income(TTM)81.03M
Analysts80
Price Target33.66 (58.33%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.46% |
Yearly Dividend1.6
Dividend Growth(5Y)52.47%
DP84.43%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-531.59%
Min EPS beat(2)-840.59%
Max EPS beat(2)-222.58%
EPS beat(4)0
Avg EPS beat(4)-326.74%
Min EPS beat(4)-840.59%
Max EPS beat(4)-6.68%
EPS beat(8)1
Avg EPS beat(8)-349.8%
EPS beat(12)3
Avg EPS beat(12)-221.54%
EPS beat(16)7
Avg EPS beat(16)-115.27%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)1.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)100%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.89 | ||
| Fwd PE | 10.96 | ||
| P/S | 2.02 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.59 | ||
| P/tB | 0.6 | ||
| EV/EBITDA | 32.97 |
EPS(TTM)2.15
EY10.11%
EPS(NY)1.94
Fwd EY9.12%
FCF(TTM)-2.38
FCFYN/A
OCF(TTM)-2.25
OCFYN/A
SpS10.5
BVpS35.96
TBVpS35.67
PEG (NY)N/A
PEG (5Y)N/A
Graham Number41.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 5.57% | ||
| ROCE | 2.09% | ||
| ROIC | 1.74% | ||
| ROICexc | 1.78% | ||
| ROICexgc | 2.35% | ||
| OM | 17.98% | ||
| PM (TTM) | 19.08% | ||
| GM | 32.25% | ||
| FCFM | N/A |
ROA(3y)1.98%
ROA(5y)2.94%
ROE(3y)4.92%
ROE(5y)6.79%
ROIC(3y)1.83%
ROIC(5y)1.65%
ROICexc(3y)1.86%
ROICexc(5y)1.7%
ROICexgc(3y)2.47%
ROICexgc(5y)2.32%
ROCE(3y)2.19%
ROCE(5y)1.98%
ROICexgc growth 3Y39.33%
ROICexgc growth 5Y-25.54%
ROICexc growth 3Y40.89%
ROICexc growth 5Y-22.13%
OM growth 3Y18.53%
OM growth 5Y-16%
PM growth 3Y-3.77%
PM growth 5Y-12.07%
GM growth 3Y4.93%
GM growth 5Y-12.44%
F-Score4
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 23.41 | ||
| Cap/Depr | 91.69% | ||
| Cap/Sales | 1.23% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.46 | ||
| Quick Ratio | 1.46 | ||
| Altman-Z | 0.93 |
F-Score4
WACC7.43%
ROIC/WACC0.23
Cap/Depr(3y)189.38%
Cap/Depr(5y)392.14%
Cap/Sales(3y)3.04%
Cap/Sales(5y)7.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)394.52%
EPS 3Y18.69%
EPS 5Y-11.62%
EPS Q2Q%2.78%
EPS Next Y-92.66%
EPS Next 2Y-31.48%
EPS Next 3Y-29.22%
EPS Next 5YN/A
Revenue 1Y (TTM)-17.89%
Revenue growth 3Y24.21%
Revenue growth 5Y1.48%
Sales Q2Q%19.7%
Revenue Next Year-20.97%
Revenue Next 2Y-1.42%
Revenue Next 3Y-2.39%
Revenue Next 5YN/A
EBIT growth 1Y-26.05%
EBIT growth 3Y47.22%
EBIT growth 5Y-14.76%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-133.73%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-3685.08%
OCF growth 3YN/A
OCF growth 5YN/A
DREAM UNLIMITED-CL A SUB VOT / DRM.CA FAQ
What is the ChartMill fundamental rating of DREAM UNLIMITED-CL A SUB VOT (DRM.CA) stock?
ChartMill assigns a fundamental rating of 3 / 10 to DRM.CA.
Can you provide the valuation status for DREAM UNLIMITED-CL A SUB VOT?
ChartMill assigns a valuation rating of 4 / 10 to DREAM UNLIMITED-CL A SUB VOT (DRM.CA). This can be considered as Fairly Valued.
What is the profitability of DRM stock?
DREAM UNLIMITED-CL A SUB VOT (DRM.CA) has a profitability rating of 2 / 10.
Can you provide the PE and PB ratios for DRM stock?
The Price/Earnings (PE) ratio for DREAM UNLIMITED-CL A SUB VOT (DRM.CA) is 9.89 and the Price/Book (PB) ratio is 0.59.
What is the expected EPS growth for DREAM UNLIMITED-CL A SUB VOT (DRM.CA) stock?
The Earnings per Share (EPS) of DREAM UNLIMITED-CL A SUB VOT (DRM.CA) is expected to decline by -92.66% in the next year.