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Dye & Durham Limited (DND) Fair Value & Analysis

Technology · CA · Market cap C$82.6M

DD Dye & Durham Limited DND · TO
PriceC$0.8000
Fair ValueC$1.16
Upside+44.5%
Quality42/100
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Mixed Growth
Loss-making · -5.7% net margin
High debt · generates free cash flow
Mixed vs. peers (7/12)
Narrow moat 37/100
Evidence: High Range C$0.7840 – C$1.15 Share as image

Fair value as of: Aug 13, 2026

From 12 valuation models · updated yesterday

Share price −38.0% over the past month.

Below-average quality, screening 45% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • Our model range runs from C$0.7840 (bear) to C$1.15 (bull), base C$1.16. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 42/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

C$49.18 C$0.8000 Fair Value C$1.16 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range C$0.8000 – C$49.18 · fair‑value band C$0.7840 – C$1.15 · the C$0.8000 price screens below the C$1.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Dye & Durham Limited (DND) currently trades at C$0.8000, while our model-based Fair Value estimate is C$1.16, implying the stock looks roughly 44.5% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Dye & Durham Limited generated revenue of C$412M at a net margin of -5.7%. Revenue declined 11.8% year over year. It earns a return on equity of -8.2%. Net debt stands at C$1.6B. Fundamentals as of Aug 13, 2026

Our scenario range runs from C$0.7840 (bear case) to C$1.15 (bull case); at C$0.8000, the current price sits within 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. For context, the median of 10 Technology peers we cover trades at -40% fair-value upside, at 45%, DND screens cheaper 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Rev-Margin DCF C$10.82 C$39.58 74
Gordon GGM C$0.5200 C$0.8700 C$1.13 70
DDM Multi-Stage C$0.5200 C$0.8300 C$0.9400 61
All 12 models by family
DCF Models
Owner Earnings C$2.28 C$19.41 31
5Y Revenue Exit C$7.27 C$32.13 39
5Y EBITDA Exit C$19.76 C$56.28 C$128.14 41
10Y Revenue Exit C$7.62 C$18.82 36
10Y EBITDA Exit C$7.70 C$52.19 C$133.89 37
Dividend Discount
Gordon GGM C$0.5200 C$0.8700 C$1.13 70
DDM Multi-Stage C$0.5200 C$0.8300 C$0.9400 61
Multiples
EV/EBIT C$14.47 C$25.20 C$35.93 53
EV/EBITDA C$37.31 C$55.65 C$73.99 54
EV/Revenue C$5.53 C$12.50 43
Asset-Based
NCAV (Graham) C$1.90 C$2.54 C$3.79 50
Growth DCF
Rev-Margin DCF C$10.82 C$39.58 74

Widest divergence: Multiples (C$25.20) versus Dividend Discount (C$0.8300). Highest evidence: Rev-Margin DCF (74).

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Key figures & financial health

Revenue (TTM) C$412M
Revenue growth (YoY) -11.8%
Net margin -5.7%
Return on equity -8.2%
Free cash flow C$30.7M FY2025
Operating margin 46.2%
More key figures
EPS (TTM) C$-0.3500
Net debt C$1.6B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 37 · Market factors (momentum, volatility) 5

Profitability 4
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 55
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 19
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 50
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

Dye & Durham Limited, together with its subsidiaries, provides cloud-based platforms in Canada, the United Kingdom, Ireland, Australia, and South Africa.

Full company description

Dye & Durham Limited, together with its subsidiaries, provides cloud-based platforms in Canada, the United Kingdom, Ireland, Australia, and South Africa. The company offers Legal Practice Management, a practice management software that enables legal professionals to execute every transaction with reliability, security, and ease; Data Insights and Due Diligence, a software that connects a network of professionals with critical information through a mix of public records and proprietary data to create legal due diligence reports; Legal Accounting Software for managing finances, including billing, reporting, and timekeeping; and Entity Management Software, a cloud-based corporate records management system designed for law firms. It also provides infrastructure technology that facilitates bill and tax payments, and enables digital mortgage processing, as well as integrated information search and managed banking services. The company serves law firms, financial service institutions, and government organizations, as well as sole-practitioner law firms and small businesses. Dye & Durham Limited was founded in 1874 and is headquartered in Toronto, Canada.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dye & Durham Limited reported revenue of C$441M in FY2025 versus C$209M in FY2021, a compound +20.5%/yr. Reported net income was −C$88.0M in FY2025.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$441M
Latest YoY
−3.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+46.4%
Avg. growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+54.5%
Revenue +20.5%/yr
FY21 C$209M
FY22 C$475M
FY23 C$451M
FY24 C$458M
FY25 C$441M
Net income
FY21 −C$40.8M
FY22 C$7.7M
FY23 −C$171M
FY24 −C$175M
FY25 −C$88.0M

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Cite: Fair Value Calculator (2026). "Dye & Durham Limited Fair Value". https://www.fairvalue-calculator.com/stock/DND

Peer Group

Software - Application · 714 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 42 · Bottom 25%
Fair Value upside +45% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) -6% · Below median
Operating margin (TTM) 46% · Top 25%
Revenue growth -12% · Bottom 25%
Debt / equity 4.84× · Higher than 75% of peers

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 0.23× · Cheaper than 75% of peers
P/S (TTM) 0.15× · Cheaper than 75% of peers
P/FCF 1.9× · Cheaper than median
EV/EBITDA 9.4× · 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 93 · sector 1
FUTURE 0 · sector 38
PAST 0 · sector 13
HEALTH 0 · sector 98
DIVIDEND 0 · sector 27

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.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Salesforce, Inc CRM $193.32 $249.28 +29%
ServiceNow, Inc NOW $124.94 $43.73 -65%
Cadence Design Systems, Inc CDNS $323.13 $112.57 -65%
Beijing Kingsoft Office Software, Inc 688111 ¥254.50 ¥81.23 -68%
Tata Elxsi Limited TATAELXSI ₹3,712 ₹2,519 -32%
Douzone Bizon Co 012510 120,000 KRW 92,181 KRW -23%
KFin Technologies Limited KFINTECH ₹922.00 ₹556.85 -40%

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Frequently asked questions

Is Dye & Durham Limited (DND) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of C$1.16 versus a price of C$0.8000, about +45% (undervalued).
What is the fair value of DND?
Our model-based fair value for Dye & Durham Limited is C$1.16 (as of Aug 13, 2026), built from audited fundamentals. The current price is C$0.8000.
What is the quality score of DND?
Dye & Durham Limited has a Quality Score of 42/100. 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 Dye & Durham Limited (DND)?
Dye & Durham Limited reported trailing-twelve-month revenue of about C$412M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of DND?
The net profit margin of Dye & Durham Limited is about -5.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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