Dominion Lending Centres Inc. (T:DLCG)
Business Focus: Investment Management & Fund Operators (NEC)
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | 2215 Coquitlam Avenue PORT COQUITLAM BC V3B 1J6 |
| Tel: | N/A |
| Website: | https://dlcg.ca/about |
| IR: | See website |
| Key People | ||
| Gary Brian Mauris Executive Chairman of the Board, Chief Executive Officer | Slawomir Kownacki Chief Technology Officer | Christopher Mark Kayat Executive Vice Chairman of the Board |
| Geoff Hague Chief Financial Officer | Kate Brady President of Dominion Media Corp. | Eddy Cocciollo President of DLC Group |
| Rich Spence President of Mortgage Centre Canada | Geoff Willis President of Newton Connectivity Systems Inc. | Dustin Woodhouse President of MA Mortgage Architects Inc | James Bell Executive Vice President, Corporate and Chief Legal Officer |
| Business Overview |
| Dominion Lending Centres Inc. (DLCG) is a Canadian mortgage brokerage and data connectivity provider with operations across Canada. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc (Newton). The Company's network includes approximately 8,000 agents and 520 locations. The franchise model provides secure long-term relationships with mortgage professionals, and the Corporation provides training, technology, marketing, recruitment and operational support to its franchises and brokers. Mortgage professionals provide services related to property purchases, mortgage refinancing and renewals, credit lines, and other borrowing needs. Mortgage professionals originate mortgages but do not themselves lend money. Newton is a financial technology company, which provides an all-in-one operating platform in Canada named Velocity. |
| Financial Overview |
| For the three months ended 31 March 2024, Dominion Lending Centres Inc revenues increased 17% to C$13.6M. Net income totaled C$2.6M vs. loss of C$47K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Interest Exp-Net of Capitalized Interest increase from C$890K (expense) to C$154K (income). |
| Employees: | 151 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $308.33M as of Mar 31, 2024 |
| Annual revenue (TTM): | $64.52M as of Mar 31, 2024 |
| EBITDA (TTM): | $28.42M as of Mar 31, 2024 |
| Net annual income (TTM): | $2.74M as of Mar 31, 2024 |
| Free cash flow (TTM): | $8.84M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $150.72M as of Mar 31, 2024 |
| Shares outstanding: | 48,227,238 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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