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Dominion Lending Centres Inc (DLCG) Fair Value & Analysis

Financial Services · CA · Market cap C$689M

DL Dominion Lending Centres Inc DLCG · TO
PriceC$9.12
Fair ValueC$3.52
Upside-61.4%
Quality57/100
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Mixed Growth
Highly profitable · 23.7% net margin
Low debt · generates free cash flow
1.79% dividend yield
Trails peers (5/14)
Wide moat 80/100
Evidence: High Range C$2.64 – C$4.63 Share as image

Fair value as of: Jul 17, 2026

From 13 valuation models · updated 24 days ago

Share price +2.1% over the past month.

A solid business, but screening 61% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (C$4.63). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

C$10.84 C$1.65 Fair Value C$3.52 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range C$1.65 – C$10.84 · fair‑value band C$2.64 – C$4.63 · the C$9.12 price screens above the C$3.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

Dominion Lending Centres Inc (DLCG) currently trades at C$9.12, while our model-based Fair Value estimate is C$3.52, implying the stock looks roughly 61.4% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Dominion Lending Centres Inc generated revenue of C$97.5M at a net margin of 23.7%. Revenue grew 6.5% year over year. It earns a return on equity of 17.1%. Net debt stands at C$34.2M. Fundamentals as of Jul 17, 2026

Our scenario range runs from C$2.64 (bear case) to C$4.63 (bull case); at C$9.12, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 17% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -25% fair-value upside, at -61%, DLCG screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF C$3.97 C$7.03 C$11.84 80
Residual Income C$1.81 C$2.33 C$5.79 76
Rev-Margin DCF C$2.86 C$4.90 C$9.20 74
All 13 models by family
DCF Models
Owner Earnings C$4.29 C$9.14 C$18.15 31
5Y P/E Exit C$3.35 C$7.23 C$12.43 38
10Y P/E Exit C$3.67 C$7.60 C$13.84 35
Earnings-Based
Graham-Dodd C$2.17 C$15.12 C$21.21 54
Lynch FV C$7.81 C$11.16 C$14.50 50
Dividend Discount
Gordon GGM C$1.18 C$2.13 C$2.93 70
DDM Multi-Stage C$1.18 C$1.94 C$2.27 61
Multiples
P/E Multiple C$3.11 C$4.14 C$5.18 63
P/B Multiple C$1.83 C$2.45 C$3.06 55
Asset-Based
NCAV (Graham) C$0.8700 C$1.17 C$1.75 50
Growth DCF
Growth DCF C$3.97 C$7.03 C$11.84 80
Rev-Margin DCF C$2.86 C$4.90 C$9.20 74
Economic Profit
Residual Income C$1.81 C$2.33 C$5.79 76

Widest divergence: Earnings-Based (C$11.16) versus Asset-Based (C$1.17). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) C$97.5M
Revenue growth (YoY) +6.5%
Net margin 23.7%
Return on equity 17.1%
Free cash flow C$25.4M FY2025
P/E ratio 31.4
More key figures
Operating margin 35.8%
EPS (TTM) C$0.2900
Dividend yield 1.7%
EPS growth (YoY) -24.5%
Net debt C$34.2M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 55 · Market factors (momentum, volatility) 43

Profitability 65
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Dominion Lending Centres Inc. provides mortgage brokerage franchising and mortgage broker data connectivity services in Canada. The company provides end-to-end services to automate the mortgage application, approval, underwriting, and funding process; and additional services providing management of daily operations and data resources access.

Full company description

Dominion Lending Centres Inc. provides mortgage brokerage franchising and mortgage broker data connectivity services in Canada. The company provides end-to-end services to automate the mortgage application, approval, underwriting, and funding process; and additional services providing management of daily operations and data resources access. It offers its software and services through various lender and broker facing products under Velocity, Link, LinkLender, and Connect brand names, as well as Dominion Lending Centres, Mortgage Architects, and The Mortgage Centre brands. The company was formerly known as Founders Advantage Capital Corp. Dominion Lending Centres Inc. was incorporated in 1998 and is headquartered in Port Coquitlam, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dominion Lending Centres Inc reported revenue of C$103M in FY2025 versus C$78.8M in FY2021, a compound +6.9%/yr. Reported net income was C$24.6M in FY2025.

Growth Quality 92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$103M
Latest YoY
+34.0%
Avg. growth/yr (3Y)
+13.3%
Avg. growth/yr (5Y)
+14.4%
Avg. growth/yr (18Y)
+4.5%
Revenue +6.9%/yr
FY21 C$78.8M
FY22 C$70.7M
FY23 C$62.5M
FY24 C$76.8M
FY25 C$103M
Net income
FY21 −C$5.5M
FY22 C$12.1M
FY23 C$64.0K
FY24 −C$127M
FY25 C$24.6M

DLCG screens 61% overvalued. Compare with Federal Home Loan Mortgage Corporation →

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Cite: Fair Value Calculator (2026). "Dominion Lending Centres Inc Fair Value". https://www.fairvalue-calculator.com/stock/DLCG

Peer Group

Mortgage Finance · 90 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Above median
Fair Value upside −61% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 24% · Below median
Operating margin (TTM) 36% · Below median
Revenue growth 7% · Below median
Dividend yield (TTM) 1.8% · Below median
Debt / equity 0.15× · Lower than 75% of peers

Valuation Multiples vs Mortgage Finance median · lower = cheaper

P/E (TTM) 30.8× · Pricier than median
P/B 3.67× · Pricier than 75% of peers
P/S (TTM) 5.07× · Pricier than 75% of peers
P/FCF 19.5× · Pricier than 75% of peers
EV/EBITDA 9.7× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 33 · sector 79
PAST 68 · sector 55
HEALTH 93 · sector 0
DIVIDEND 36 · sector 80

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more Mortgage Finance stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

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Frequently asked questions

Is Dominion Lending Centres Inc (DLCG) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of C$3.52 versus a price of C$9.12, about −61% (overvalued).
What is the fair value of DLCG?
Our model-based fair value for Dominion Lending Centres Inc is C$3.52 (as of Jul 17, 2026), built from audited fundamentals. The current price is C$9.12.
What is the quality score of DLCG?
Dominion Lending Centres Inc has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Dominion Lending Centres Inc (DLCG)?
Dominion Lending Centres Inc reported trailing-twelve-month revenue of about C$97.5M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of DLCG?
The net profit margin of Dominion Lending Centres Inc is about 23.7%, meaning it keeps roughly 23.7% of revenue as net income. Based on the latest reported figures.
Does Dominion Lending Centres Inc pay a dividend?
Dominion Lending Centres Inc currently shows a dividend yield of about 1.71% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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