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Diversified Royalty Corp. (T:DIV)

Business Focus: Copyright Management

Sector:  Consumer Cyclicals Industry:  Entertainment Production
 
Company Contact
Address: Suite 330-609 Granville Street,
P.O. Box 10033
VANCOUVER BC V7Y 1A1
Tel: N/A
Website: N/A
IR: N/A
Key People
Sean Morrison
President, Chief Executive Officer
Greg Gutmanis
Chief Financial Officer, Vice President - Acquisitions, Corporate Secretary
 
Business Overview
Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The Company owns Mr. Lube, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademark. Mr. Lube is the quick lube service business in Canada, with locations across Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is North America's growing home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is a franchised supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is a quick-service Mexican restaurant chain.
Financial Overview
For the fiscal year ended 31 December 2023, Diversified Royalty Corp revenues increased 25% to C$56.5M. Net income increased from C$15.6M to C$31.7M. Revenues reflect Canada segment increase from C$1M to C$8.2M, United States segment increase of 9% to C$48.3M. Net income benefited from Acqusition of royalties segment income increase of 55% to C$50.8M. Dividend per share increased from C$0.22 to C$0.24.
Employees: 39 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $778.16M as of Dec 31, 2023
Annual revenue (TTM): $56.50M as of Dec 31, 2023
EBITDA (TTM): $50.83M as of Dec 31, 2023
Net annual income (TTM): $31.72M as of Dec 31, 2023
Free cash flow (TTM): -$71.75M as of Dec 31, 2023
Net Debt Last Fiscal Year: $301.13M as of Dec 31, 2023
Shares outstanding: 164,491,769 as of Mar 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization