# Dividend Growth Split Corp. (DGS.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services / Capital Markets. Price C$8.10, market value C$482 million.

## Valuation
- **P/E (trailing): 3.3×** (5-yr avg 2.7×, 3-yr avg 3.3×). Dividend Growth Split Corp. trades at 3.3× trailing earnings, close to its own five-year average of 2.7×. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 2.0×**. Each dollar of revenue is priced at 2.0×.
- **Price / book: 1.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 0.2×**. Enterprise value is 0.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -8.1%** (5-yr avg -26.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 30.6%**. The inverse of the P/E: 30.6% of the price is earned each year.

## Profitability
- **Gross margin: 98.8%**. Dividend Growth Split Corp. keeps 98.8% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 114.4%**. 114.4% of revenue is left after running the business, an exceptional level.
- **Net margin: 249.8%**. 249.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 27.4%**. 27.4% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 23.2%**. Each dollar of assets produces 23.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -48.1%** (3-yr 12.7%/yr, 5-yr 31.1%/yr). Revenue fell 48.1% over the last year, against 31.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -9.3%**. Earnings per share fell 9.3%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: C$981 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 14.65%** (C$1.20 per share, trailing). Dividend Growth Split Corp. yields 14.65%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 51%**. 51% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 43.1%/yr** (1-yr 0.0%). The dividend has compounded at 43.1% a year over five years, doubling roughly every 2 years at that pace.
- **Shareholder yield: -7.2%**. Dividends plus net buybacks return -7.2% of the market value a year.

## Price and momentum
- **Total return (1 yr): 24.4%** (YTD 11.7%, 3-mo -4.1%). The shares are up 24.4% over twelve months including dividends.
- **From 52-week high: -9.3%** (16.4% above the low). Trading 9% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 0.55** (volatility 18%). Beta of 0.55 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=DGS.TO · Page: https://foliofundamentals.com/stocks/dgs.to

Not investment advice.