DREAM UNLIMITED-CL A SUB VOT (DRM.CA) Fundamental Analysis & Valuation
TSX:DRM • CA26153M5072
20.78 CAD
-0.1 (-0.48%)
Last: Mar 6, 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.
Overall DRM gets a fundamental rating of 3 out of 10. We evaluated DRM against 30 industry peers in the Real Estate Management & Development industry. Both the profitability and financial health of DRM have multiple concerns. DRM has a valuation in line with the averages, but it does not seem to be growing.
1. DRM.CA Profitability Analysis
1.1 Basic Checks
- DRM had positive earnings in the past year.
- DRM had a negative operating cash flow in the past year.
- DRM had positive earnings in 4 of the past 5 years.
- In the past 5 years DRM reported 4 times negative operating cash flow.
1.2 Ratios
- The Return On Assets of DRM (2.08%) is comparable to the rest of the industry.
- DRM's Return On Equity of 5.57% is fine compared to the rest of the industry. DRM outperforms 63.33% of its industry peers.
- DRM's Return On Invested Capital of 1.74% is on the low side compared to the rest of the industry. DRM is outperformed by 70.00% of its industry peers.
- DRM had an Average Return On Invested Capital over the past 3 years of 1.83%. This 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
- DRM has a better Profit Margin (19.08%) than 70.00% of its industry peers.
- In the last couple of years the Profit Margin of DRM has declined.
- Looking at the Operating Margin, with a value of 17.98%, DRM is in line with its industry, outperforming 50.00% of the companies in the same industry.
- DRM's Operating Margin has declined in the last couple of years.
- DRM's Gross Margin of 32.25% is on the low side compared to the rest of the industry. DRM is outperformed by 70.00% of its industry peers.
- In the last couple of years the Gross Margin of DRM has declined.
| 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so DRM is destroying value.
- DRM has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for DRM has been reduced compared to 5 years ago.
- The debt/assets ratio for DRM is higher compared to a year ago.
2.2 Solvency
- DRM has an Altman-Z score of 0.92. This is a bad value and indicates that DRM is not financially healthy and even has some risk of bankruptcy.
- DRM's Altman-Z score of 0.92 is in line compared to the rest of the industry. DRM outperforms 50.00% of its industry peers.
- DRM has a Debt/Equity ratio of 1.32. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.32, DRM is doing worse than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.92 |
ROIC/WACC0.23
WACC7.42%
2.3 Liquidity
- A Current Ratio of 1.46 indicates that DRM should not have too much problems paying its short term obligations.
- DRM has a Current ratio of 1.46. This is in the better half 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.
- DRM's Quick ratio of 1.46 is fine compared to the rest of the industry. DRM outperforms 63.33% of its industry peers.
| 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.
- Measured over the past years, DRM shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -11.62% on average per year.
- The Revenue for DRM has decreased by -17.89% in the past year. This is quite bad
- The Revenue has been growing slightly by 1.48% on average over the past years.
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
- Based on estimates for the next years, DRM will show a very negative growth in Earnings Per Share. The EPS will decrease by -29.22% on average per year.
- DRM is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.39% yearly.
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. DRM.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 9.67, the valuation of DRM can be described as very reasonable.
- DRM's Price/Earnings ratio is a bit cheaper when compared to the industry. DRM is cheaper than 73.33% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 26.29. DRM is valued rather cheaply when compared to this.
- A Price/Forward Earnings ratio of 10.72 indicates a reasonable valuation of DRM.
- Based on the Price/Forward Earnings ratio, DRM is valued cheaply inside the industry as 93.33% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 24.57. DRM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.67 | ||
| Fwd PE | 10.72 |
4.2 Price Multiples
- DRM's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 32.78 |
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.
- Compared to an average industry Dividend Yield of 2.86, DRM pays a better dividend. On top of this DRM pays more dividend than 96.67% of the companies listed in the same industry.
- DRM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| 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
- DRM pays out 84.43% of its income as dividend. This is not a sustainable payout ratio.
- DRM's earnings are declining while the Dividend Rate has been growing. 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 (3/6/2026, 7:00:00 PM)
20.78
-0.1 (-0.48%)
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 Cap840.14M
Revenue(TTM)443.46M
Net Income(TTM)81.03M
Analysts80
Price Target33.66 (61.98%)
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 | 9.67 | ||
| Fwd PE | 10.72 | ||
| P/S | 1.98 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.58 | ||
| P/tB | 0.58 | ||
| EV/EBITDA | 32.78 |
EPS(TTM)2.15
EY10.35%
EPS(NY)1.94
Fwd EY9.33%
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 | 0.92 |
F-Score4
WACC7.42%
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 9.67 and the Price/Book (PB) ratio is 0.58.
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.