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Employees: 44
Size Diversified Royalty (DIV.TO) is a Canada Industrials company (Miscellaneous Commercial Services) with a market value of $507M, the 338th largest of 420 Canada companies the cockpit tracks. Shares closed at C$4.07 on 6 Nov 2026.
Performance Over six months the shares fell 5.8%, against -3.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 14.8% over the last twelve months (peer median +4.8%); the operating margin is 85.5% (peer median 7.8%).
Valuation It trades at 17.7× forward earnings against a peer median of 14.6× (6th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points below its cost of capital (6.5% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$76.5M | C$70.8M | C$65.0M | C$56.5M | C$45.2M |
| Revenue growth | — | +9% | +15% | +25% | — |
| Gross profit | C$76.0M | C$70.7M | C$64.9M | C$56.4M | n/a |
| EBITDA | C$65.9M | C$64.9M | C$58.5M | C$50.8M | C$40.4M |
| Net income | C$30.4M | C$36.7M | C$26.6M | C$31.7M | C$15.6M |
| Free cash flow | C$38.9M | C$45.4M | C$46.5M | C$30.8M | C$28.4M |
| Capital expenditure | C$10.1M | C$49.5M | C$8,000 | C$77.2M | C$79.3M |
| Total debt | C$640M | C$256M | C$260M | C$305M | C$200M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DIV.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.7% | -3.5% | 9th highest of 21 |
| 6-month return | -5.8% | -3.8% | 10th lowest of 21 |
| Distance from 52-week high | -18.3% | -28.1% | 7th highest of 21 |
| Revenue growth (TTM) | +14.8% | +4.8% | 3rd highest of 21 |
| Operating margin | 85.5% | 7.8% | highest of 21 |
| Forward P/E | 17.7× | 14.6× | 6th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 13.0% | -3.9% | 4th most demanding of 15 |
| Growth delivered (Del g) | +18.3% | +11.6% | 6th highest of 15 |
| Hurdle (Req g minus delivered) | -5.3 pp | -8.8 pp | 7th most demanding of 15 |
| ROIC minus cost of capital | -1.6 pp | +3.1 pp | 7th lowest of 20 |
| EV / EBITDA | 20.8× | 7.8× | 3rd most expensive of 12 |
| Net debt / EBITDA | 9.5× | -0.4× | most indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Diversified Royalty DIV.TO | Canada | $507M | -6% | +15% | 86% | 17.7× | 13.0% | +18.3% |
| Italian Exhibition IEG.MI | Italy | $505M | +14% | +4% | 18% | 13.2× | -4.8% | +28.4% |
| MHA MHA.L | United Kingdom | $504M | -4% | +12% | 15% | 11.7× | -15.0% | +30.6% |
| Shanghai Model Organisms Center 688265.SS | China | $503M | +7% | +14% | -1% | n/a | n/a | n/a |
| Pony Testing 300887.SZ | China | $513M | -35% | -2% | -12% | 31.4× | n/a | n/a |
| Western Regions Tourism Development 300859.SZ | China | $513M | -30% | -13% | 15% | 25.4× | 38.8% | +44.7% |
| adesso ADN1.DE | Germany | $513M | +31% | +13% | 4% | 16.8× | 2.1% | +22.9% |
| Hunan Airbluer Environmental Protection Technology 301259.SZ | China | $498M | -47% | -43% | -17% | n/a | n/a | n/a |
| Prestige International 4290.T | Japan | $518M | -4% | +10% | 13% | 13.4× | -12.4% | +11.8% |
| Ocumension Therapeutics 1477.HK | Hong Kong | $525M | -29% | +78% | -13% | n/a | n/a | n/a |
| Mitsubishi Research Institute 3636.T | Japan | $489M | +8% | +4% | 7% | 11.2× | -9.9% | +4.1% |
| BTS BTS-B.ST | Sweden | $527M | +76% | -4% | 8% | 25.6× | 10.7% | +13.0% |
| Nippon Parking Development 2353.T | Japan | $527M | +8% | +11% | 21% | 13.8× | -7.8% | +11.3% |
| Jianerkang Medical 603205.SS | China | $487M | -19% | -2% | 14% | n/a | -2.9% | -8.8% |
| GPI GPI.MI | Italy | $487M | -3% | +2% | 6% | 15.4× | n/a | n/a |
| Posti POSTI.HE | Finland | $529M | +31% | 0% | 5% | 13.2× | -5.4% | -1.4% |
| C.E. Info Systems MAPMYINDIA.NS | India | $486M | -13% | +3% | 31% | 25.5× | 31.1% | +25.5% |
| Academy of Environmental Planning & Design Co., Ltd. Nanjing University 300864.SZ | China | $531M | 0% | +5% | 18% | n/a | 9.3% | +10.6% |
| Sporton International 6146.TWO | Taiwan | $531M | -24% | +8% | 30% | 13.6× | -6.6% | +5.0% |
| LINE Pay Taiwan 7722.TW | Taiwan | $484M | -16% | +20% | 6% | 18.3× | n/a | n/a |
| Shenzhen Water Planning & Design Institute 301038.SZ | China | $484M | -26% | +6% | 8% | n/a | 20.2% | -1.9% |