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Genesis Land Development

TSX:GDC
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GDC
TSX
CA$51M
Market Cap
  1. Home
  2. CA
  3. Real Estate
Company description

Genesis Land Development Corp. engages in the acquisition, development, and sale of land, residential lots, and homes primarily in the greater Calgary area, Canada. The last earnings update was 28 days ago. More info.


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GDC Share Price and Events
7 Day Returns
9.1%
TSX:GDC
-3.9%
CA Real Estate
-0.1%
CA Market
1 Year Returns
-52.8%
TSX:GDC
-11.8%
CA Real Estate
-24.6%
CA Market
GDC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Genesis Land Development (GDC) 9.1% -33% -47.1% -52.8% -60% -64.2%
CA Real Estate -3.9% -26% -22.4% -11.8% 1.5% 4.7%
CA Market -0.1% -21.2% -24.7% -24.6% -22.1% -16.5%
1 Year Return vs Industry and Market
  • GDC underperformed the Real Estate industry which returned -11.8% over the past year.
  • GDC underperformed the Market in Canada which returned -24.6% over the past year.
Price Volatility
GDC
Industry
5yr Volatility vs Market

Value

 Is Genesis Land Development undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Genesis Land Development to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Genesis Land Development.

TSX:GDC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:GDC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.98 (1 + (1- 26.5%) (102.45%))
1.481
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.481 * 5.44%)
9.5%

Discounted Cash Flow Calculation for TSX:GDC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Genesis Land Development is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:GDC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.5%)
2020 6.80 Est @ -27.47% 6.21
2021 5.52 Est @ -18.79% 4.60
2022 4.82 Est @ -12.72% 3.67
2023 4.41 Est @ -8.47% 3.07
2024 4.17 Est @ -5.5% 2.65
2025 4.02 Est @ -3.42% 2.33
2026 3.95 Est @ -1.96% 2.09
2027 3.91 Est @ -0.94% 1.89
2028 3.90 Est @ -0.23% 1.72
2029 3.91 Est @ 0.27% 1.58
Present value of next 10 years cash flows CA$29.00
TSX:GDC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$3.91 × (1 + 1.44%) ÷ (9.5% – 1.44%)
CA$49.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$49.23 ÷ (1 + 9.5%)10
CA$19.88
TSX:GDC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$29.00 + CA$19.88
CA$48.88
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$48.88 / 42.12
CA$1.16
TSX:GDC Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$1.16
Current discount Discount to share price of CA$1.20
= -1 x (CA$1.20 - CA$1.16) / CA$1.16
-3.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Genesis Land Development is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Genesis Land Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Genesis Land Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:GDC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$0.04
TSX:GDC Share Price ** TSX (2020-04-02) in CAD CA$1.2
Canada Real Estate Industry PE Ratio Median Figure of 20 Publicly-Listed Real Estate Companies 10.47x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Genesis Land Development.

TSX:GDC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:GDC Share Price ÷ EPS (both in CAD)

= 1.2 ÷ 0.04

29.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Genesis Land Development is overvalued based on earnings compared to the CA Real Estate industry average.
  • Genesis Land Development is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Genesis Land Development's expected growth come at a high price?
Raw Data
TSX:GDC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Real Estate Industry PEG Ratio Median Figure of 14 Publicly-Listed Real Estate Companies 0.58x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.67x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Genesis Land Development, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Genesis Land Development's assets?
Raw Data
TSX:GDC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$4.60
TSX:GDC Share Price * TSX (2020-04-02) in CAD CA$1.2
Canada Real Estate Industry PB Ratio Median Figure of 37 Publicly-Listed Real Estate Companies 0.62x
Canada Market PB Ratio Median Figure of 2,356 Publicly-Listed Companies 0.98x
TSX:GDC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:GDC Share Price ÷ Book Value per Share (both in CAD)

= 1.2 ÷ 4.60

0.26x

* Primary Listing of Genesis Land Development.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Genesis Land Development is good value based on assets compared to the CA Real Estate industry average.
X
Value checks
We assess Genesis Land Development's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Genesis Land Development has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Genesis Land Development expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Genesis Land Development has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.8%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Genesis Land Development expected to grow at an attractive rate?
  • Unable to compare Genesis Land Development's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Genesis Land Development's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Genesis Land Development's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:GDC Future Growth Rates Data Sources
Data Point Source Value (per year)
North America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 21.8%
Canada Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:GDC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:GDC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 68 10 2
2019-09-30 63 7 2
2019-06-30 77 25 3
2019-03-31 80 18 4
2018-12-31 81 15 4
2018-09-30 126 35 10
2018-06-30 130 36 13
2018-03-31 150 50 17
2017-12-31 151 47 17
2017-09-30 113 26 7
2017-06-30 112 27 6
2017-03-31 99 29 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Genesis Land Development is high growth as no earnings estimate data is available.
  • Unable to determine if Genesis Land Development is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:GDC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Genesis Land Development Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GDC Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 0.04
2019-09-30 0.06
2019-06-30 0.06
2019-03-31 0.08
2018-12-31 0.10
2018-09-30 0.24
2018-06-30 0.31
2018-03-31 0.39
2017-12-31 0.39
2017-09-30 0.16
2017-06-30 0.13
2017-03-31 0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Genesis Land Development will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Genesis Land Development's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Genesis Land Development's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. Genesis Land Development's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Genesis Land Development's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Genesis Land Development has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Genesis Land Development performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Genesis Land Development's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Genesis Land Development's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Genesis Land Development's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Genesis Land Development's 1-year earnings growth is negative, it can't be compared to the CA Real Estate industry average.
Earnings and Revenue History
Genesis Land Development's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Genesis Land Development Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GDC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 68.10 1.70 15.45
2019-09-30 62.95 2.38 14.73
2019-06-30 77.34 2.61 14.80
2019-03-31 79.77 3.51 15.22
2018-12-31 81.44 4.12 14.86
2018-09-30 126.15 10.48 15.19
2018-06-30 130.10 13.31 15.03
2018-03-31 149.64 16.98 15.26
2017-12-31 150.93 17.00 15.89
2017-09-30 113.43 7.07 16.29
2017-06-30 111.55 5.88 15.93
2017-03-31 99.20 4.50 15.79
2016-12-31 115.96 5.91 16.23
2016-09-30 124.39 12.49 16.95
2016-06-30 130.07 14.56 18.36
2016-03-31 135.74 13.06 19.28
2015-12-31 119.09 11.01 18.93
2015-09-30 111.02 8.51 18.54
2015-06-30 109.09 8.62 18.58
2015-03-31 112.03 14.52 18.70
2014-12-31 134.25 17.40 18.72
2014-09-30 132.07 19.52 16.35
2014-06-30 118.82 10.51 18.44
2014-03-31 106.45 4.97 17.73
2013-12-31 96.08 5.71 17.40
2013-09-30 127.12 -6.39 18.94
2013-06-30 130.78 3.21 15.59

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Genesis Land Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Genesis Land Development used its assets less efficiently than the CA Real Estate industry average last year based on Return on Assets.
  • Genesis Land Development's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Genesis Land Development's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Genesis Land Development has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Genesis Land Development's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Genesis Land Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Genesis Land Development is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Genesis Land Development's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Genesis Land Development's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Genesis Land Development Company Filings, last reported 3 months ago.

TSX:GDC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 212.90 51.55 16.25
2019-09-30 210.64 36.76 8.97
2019-06-30 209.84 17.87 19.14
2019-03-31 210.30 18.84 15.35
2018-12-31 209.77 31.70 24.04
2018-09-30 210.24 26.61 14.70
2018-06-30 219.87 21.09 12.47
2018-03-31 220.31 21.77 15.95
2017-12-31 219.54 30.14 23.59
2017-09-30 209.42 35.38 12.96
2017-06-30 215.19 32.27 10.90
2017-03-31 211.07 36.62 3.96
2016-12-31 211.67 43.30 14.32
2016-09-30 224.78 38.56 15.94
2016-06-30 229.11 40.58 15.36
2016-03-31 226.68 48.11 9.71
2015-12-31 224.99 63.82 11.40
2015-09-30 227.43 47.07 6.51
2015-06-30 224.36 49.39 3.98
2015-03-31 230.94 51.16 8.40
2014-12-31 231.27 23.89 33.05
2014-09-30 229.02 16.52 16.69
2014-06-30 225.10 19.87 10.13
2014-03-31 220.52 32.97 20.17
2013-12-31 217.93 50.37 17.68
2013-09-30 217.28 48.91 11.51
2013-06-30 230.61 47.94 11.88
  • Genesis Land Development's level of debt (24.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (10.5% vs 24.2% today).
  • Debt is not well covered by operating cash flow (18.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 51.4x coverage).
X
Financial health checks
We assess Genesis Land Development's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Genesis Land Development has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Genesis Land Development's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Genesis Land Development dividends.
If you bought CA$2,000 of Genesis Land Development shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Genesis Land Development's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Genesis Land Development's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:GDC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.4%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:GDC Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-03-06 0.000 0.000
2019-11-06 0.000 0.000
2019-03-14 0.240 9.631
2018-08-15 0.490 14.974
2017-12-19 0.460 12.319
2017-11-09 0.210 5.488
2017-08-14 0.210 5.795
2016-11-15 0.250 8.128
2016-11-10 0.250 8.926
2015-12-16 0.120 4.544

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Genesis Land Development has not reported any payouts.
  • Unable to verify if Genesis Land Development's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Genesis Land Development's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Genesis Land Development has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Genesis Land Development's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Genesis Land Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Genesis Land Development has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Genesis Land Development's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Iain Stewart
COMPENSATION CA$1,130,516
AGE 58
TENURE AS CEO 1.6 years
CEO Bio

Mr. Iain Stewart, B.Comm., ICD.D, CPA., C.A. was Co-founded Parkbridge Lifestyle Communities, Inc. and served as its Co-Chief Executive Officer since February 28, 2006 and also served as its President of Western Operations. He has been the President and Chief Executive Officer of Genesis Land Development Corp. since September 20, 2018 and also serves as its Director. Until January 1, 2005, Mr. Stewart served as the Chief Financial Officer of the Partnership of Parkbridge. He has over 25 years of experience in the real estate industry, providing strategic advice in financial and capital markets activities. He served as Vice President at Rosebridge Capital Corporation from 1996 to 1997. From 1985 to 1996, he held progressively more responsible positions culminating in Vice President of Financial Services, including involvement in a small team instrumental in the restructuring and subsequent sale of Trizec Corporation. He joined Rosebridge in 1995 and joined Parkbridge at the time of its formation in 1998. He serves as Director of DC Bank. He had served an Independent Director at Genesis Land Development Corp. from September 4, 2013 to September 20, 2018 and was its Vice Chair of the Board since May 12, 2017. He has completed a number of coaching and leadership programs in North America. Mr. Stewart currently serves as President of Capella Cove Capital Corp., a real estate advisory and investment company and is a director on the board of directors of Direct Cash Bank. His Areas of expertise real estate management, development and investment, corporate strategy, restructuring and finance. He has Bachelor of Commerce from the University of Alberta and holds a Chartered Accountant designation.

CEO Compensation
  • Iain's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Iain's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Genesis Land Development management team in years:

1.6
Average Tenure
58
Average Age
  • The average tenure for the Genesis Land Development management team is less than 2 years, this suggests a new team.
Management Team

Stephen Griggs

TITLE
Executive Chairman
COMPENSATION
CA$769K
AGE
59
TENURE
1.6 yrs

Iain Stewart

TITLE
President
COMPENSATION
CA$1M
AGE
58
TENURE
1.6 yrs

Wayne King

TITLE
Chief Financial Officer
COMPENSATION
CA$251K
TENURE
2.9 yrs

PS Sidhu

TITLE
President of Genesis Builders Group Inc. & VP of Home Building
COMPENSATION
CA$252K

Don Edwards

TITLE
Corporate Secretary
AGE
58
Board of Directors Tenure

Average tenure and age of the Genesis Land Development board of directors in years:

6.7
Average Tenure
59
Average Age
  • The tenure for the Genesis Land Development board of directors is about average.
Board of Directors

Stephen Griggs

TITLE
Executive Chairman
COMPENSATION
CA$769K
AGE
59
TENURE
6.7 yrs

Iain Stewart

TITLE
President
COMPENSATION
CA$1M
AGE
58
TENURE
6.6 yrs

Steve Glover

TITLE
Lead Director
COMPENSATION
CA$220K
AGE
65
TENURE
4.5 yrs

Mark Mitchell

TITLE
Independent Director
COMPENSATION
CA$173K
AGE
55
TENURE
9.8 yrs

Loudon Frank Owen

TITLE
Independent Director
COMPENSATION
CA$173K
AGE
62
TENURE
7.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Genesis Land Development individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
01. Apr 20 Buy Iain Stewart Individual 27. Mar 20 01. Apr 20 7,000 CA$1.20 CA$8,288
20. Mar 20 Buy Smoothwater Capital Corporation Company 17. Mar 20 17. Mar 20 1,600 CA$1.63 CA$2,608
16. Mar 20 Buy Smoothwater Capital Corporation Company 11. Mar 20 11. Mar 20 4,600 CA$1.65 CA$7,590
20. Jan 20 Buy Smoothwater Capital Corporation Company 17. Jan 20 17. Jan 20 1,800 CA$2.20 CA$3,960
13. Dec 19 Buy Smoothwater Capital Corporation Company 10. Dec 19 10. Dec 19 9,600 CA$2.15 CA$20,640
09. Dec 19 Buy Smoothwater Capital Corporation Company 06. Dec 19 06. Dec 19 73,900 CA$2.35 CA$173,665
15. Nov 19 Buy Smoothwater Capital Corporation Company 11. Nov 19 11. Nov 19 15,000 CA$2.15 CA$32,250
27. Sep 19 Buy Smoothwater Capital Corporation Company 25. Sep 19 26. Sep 19 2,000 CA$2.30 CA$4,599
18. Jul 19 Buy Loudon Frank Owen Individual 17. Jul 19 17. Jul 19 1,273,800 CA$3.53 CA$4,499,953
17. Jul 19 Buy Smoothwater Capital Corporation Company 16. Jul 19 16. Jul 19 908,285 CA$2.50 CA$2,270,712
14. May 19 Buy Mark Mitchell Individual 13. May 19 13. May 19 700 CA$2.51 CA$1,745
25. Apr 19 Sell Milfam LLC Company 24. Apr 19 24. Apr 19 -10,200 CA$2.55 CA$-26,024
23. Apr 19 Sell Milfam LLC Company 22. Apr 19 22. Apr 19 -21,300 CA$2.63 CA$-56,024
22. Apr 19 Sell Milfam LLC Company 17. Apr 19 18. Apr 19 -13,700 CA$1.98 CA$-26,142
19. Apr 19 Buy Steven Glover Individual 17. Apr 19 17. Apr 19 300 CA$2.50 CA$750
17. Apr 19 Sell Milfam LLC Company 16. Apr 19 16. Apr 19 -50,800 CA$2.51 CA$-127,695
15. Apr 19 Sell Milfam LLC Company 11. Apr 19 12. Apr 19 -48,700 CA$2.57 CA$-125,273
15. Apr 19 Buy Arnie Stefaniuk Individual 11. Apr 19 11. Apr 19 15,000 CA$2.61 CA$38,492
12. Apr 19 Buy Iain Stewart Individual 11. Apr 19 12. Apr 19 16,000 CA$2.56 CA$40,886
12. Apr 19 Buy Parveshindera Sidhu Individual 12. Apr 19 12. Apr 19 23,000 CA$2.61 CA$59,330
12. Apr 19 Buy Steven Glover Individual 11. Apr 19 11. Apr 19 600 CA$2.50 CA$1,500
11. Apr 19 Sell Milfam LLC Company 10. Apr 19 10. Apr 19 -500 CA$2.56 CA$-1,282
08. Apr 19 Buy Smoothwater Capital Corporation Company 05. Apr 19 05. Apr 19 224,000 CA$2.47 CA$549,225
08. Apr 19 Buy Mark Mitchell Individual 05. Apr 19 05. Apr 19 1,000 CA$2.54 CA$2,540
08. Apr 19 Sell Milfam LLC Company 05. Apr 19 05. Apr 19 -232,100 CA$2.45 CA$-568,547
05. Apr 19 Buy Smoothwater Capital Corporation Company 04. Apr 19 04. Apr 19 22,600 CA$2.55 CA$57,531
05. Apr 19 Sell Milfam LLC Company 04. Apr 19 04. Apr 19 -75,000 CA$2.40 CA$-180,173
05. Apr 19 Buy Iain Stewart Individual 04. Apr 19 04. Apr 19 18,300 CA$2.52 CA$45,653
X
Management checks
We assess Genesis Land Development's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Genesis Land Development has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Have Insiders Been Buying Genesis Land Development Corp. (TSE:GDC) Shares?

TSX:GDC Recent Insider Trading, May 24th 2019 Genesis Land Development is not the only stock insiders are buying. … Genesis Land Development Insiders Bought Stock Recently Over the last quarter, Genesis Land Development insiders have spent a meaningful amount on shares. … When combined with notable insider ownership, these factors suggest Genesis Land Development insiders are well aligned, and that they may think the share price is too low.

Simply Wall St -

Does Market Volatility Impact Genesis Land Development Corp.'s (TSE:GDC) Share Price?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Kind Of Shareholder Appears On The Genesis Land Development Corp.'s (TSE:GDC) Shareholder Register?

Every investor in Genesis Land Development Corp. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Genesis Land Development is a smaller company with a market capitalization of CA$127m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Is Genesis Land Development Corp.'s (TSE:GDC) Balance Sheet A Threat To Its Future?

Help shape the future of investing tools and you could win a $250 gift card! … Investors are always looking for growth in small-cap stocks like Genesis Land Development Corp. … since poor capital management may bring about bankruptcies,

Simply Wall St -

Do You Like Genesis Land Development Corp. (TSE:GDC) At This P/E Ratio?

To keep it practical, we'll show how Genesis Land Development Corp.'s (TSE:GDC) P/E ratio could help you assess the value on offer. … Genesis Land Development has a P/E ratio of 12.68, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Who Has Been Buying Genesis Land Development Corp. (TSE:GDC) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Genesis Land Development Corp. … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.'. … Genesis Land Development Insider Transactions Over The Last Year

Simply Wall St -

Can We See Significant Insider Ownership On The Genesis Land Development Corp (TSE:GDC) Share Register?

Every investor in Genesis Land Development Corp (TSE:GDC) should be aware of the most powerful shareholder groups. … With a market capitalization of CA$142m, Genesis Land Development is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Genesis Land Development

Simply Wall St -

How Does Genesis Land Development Corp's (TSE:GDC) Earnings Growth Stack Up Against Industry Performance?

Analyzing Genesis Land Development Corp's (TSE:GDC) track record of past performance is a valuable exercise for investors. … Today I will assess GDC's recent performance announced on 30 September 2018 and compare these figures to its long-term trend and industry movements. … View our latest analysis for Genesis Land Development?

Simply Wall St -

Is Genesis Land Development Corp (TSE:GDC) Attractive At This PE Ratio?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … Genesis Land Development Corp (TSE:GDC) is trading with a trailing P/E of 11.1, which is lower than the industry average of 16. … Check out our latest analysis for Genesis Land Development

Simply Wall St -

Why Genesis Land Development Corp's (TSE:GDC) Investor Composition Impacts Your Returns

Today, I will be analyzing Genesis Land Development Corp’s (TSE:GDC) recent ownership structure, an important but not-so-popular subject among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … TSX:GDC Ownership Summary August 17th 18

Simply Wall St -

Company Info

Description

Genesis Land Development Corp. engages in the acquisition, development, and sale of land, residential lots, and homes primarily in the greater Calgary area, Canada. It operates through two segments, Land Development and Home Building. The Land Development segment acquires, plans, rezones, subdivides, services, and sells residential lots, and commercial and industrial lands to third-party developers and builders. The Home Building segment designs, constructs, and sells single-family homes and townhouses. The company was formerly known as Genesis Capital Corp. and changed its name to Genesis Land Development Corp. in October 1998. Genesis Land Development Corp. was founded in 1991 and is headquartered in Calgary, Canada.

Details
Name: Genesis Land Development Corp.
GDC
Exchange: TSX
Founded: 1991
CA$50,539,767
42,116,473
Website: http://www.genesisland.com
Address: Genesis Land Development Corp.
7315 – 8th Street NE,
Calgary,
Alberta, T2E 8A2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX GDC Common Shares The Toronto Stock Exchange CA CAD 12. Aug 1998
OTCPK GNLA.F Common Shares Pink Sheets LLC US USD 12. Aug 1998
Number of employees
Current staff
Staff numbers
56
Genesis Land Development employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 05:49
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/03/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.