Dividend Select 15 Corp (DS) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Dividend Select 15 Corp C$8.93, price C$7.97, upside +12.1%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range C$4.32 – C$8.35 · fair‑value band C$7.29 – C$12.32 · the C$7.97 price screens below the C$8.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Dividend Select 15 Corp. is a closed ended equity mutual fund launched and managed by Quadravest Capital Management Inc. The fund invests in public equity markets of Canada. It invests in stocks of companies engaged in the financial services sector. Dividend Select 15 Corp. was formed on August 26, 2010 and is domiciled in Canada.
Stock analysis
Dividend Select 15 Corp (DS) currently trades at C$7.97, while our model-based Fair Value estimate is C$8.93, implying the stock looks roughly 10.8% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of C$36.92 per share, and 9 of the 12 models we run sit above the C$7.97 price.
Bear case: the Growth DCF group reads lowest at C$3.78, and 3 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: C$7.29 (bear) to C$12.32 (bull), the price of C$7.97 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Dividend Select 15 Corp reported revenue of C$5.3M in FY2025 versus C$11.7M in FY2021, a compound −18.0%/yr. Reported net income was C$7.2M in FY2025, compounding −11.0%/yr from FY2021.
Key figures
Market cap C$51.3M (≈ $36.2M) · P/E ratio 4.1 · P/S ratio 5.48 · EPS (TTM) C$1.96 · Dividend yield 8.9% · Net margin 135% · Return on assets (EBIT) 11.6% · Free cash flow C$1.2M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 12%, DS screens cheaper than that median.
Fair Value models
Bear C$7.29Fair Value C$8.93Bull C$12.32
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$1.63 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.20/100
Revenue growth is weak, negative or inconsistent.
Revenue growth 1 year
−54.4%
Revenue growth 13 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−5.3%
’12
’13
’14
’16
’17
’19
’21
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’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+2.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.4%
Dividend (yield on the price)8.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−6.4% vs 0.2%, slowing
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.96% → 135%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 3.6%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+21.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +19.4% a year for the price.
Compare Dividend Select 15 Corp with another stock
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Peer Groupⓘ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.Asset Management · 661 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+12.0% · Below median
Profitability
Return on assets0.0% · Below median
Net margin (TTM)134.8% · Top 25%
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth0.0% · Below median
Dividend yield (TTM)8.9% · Top 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Dividend Select 15 Corp (DS) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of C$8.93 versus a price of C$7.97, about +12% upside (undervalued).
What is the fair value of DS?
Our model-based fair value for Dividend Select 15 Corp is C$8.93 (as of Sep 27, 2026), built from audited fundamentals. The current price: C$7.97.
What is the quality score of DS?
Dividend Select 15 Corp has a Quality Score of 71/100. 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 price target for Dividend Select 15 Corp (DS)?
Our model-based price target is the fair value of C$8.93 (as of Sep 27, 2026) from 12 valuation models. Cautious scenario C$7.29, optimistic scenario C$12.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Dividend Select 15 Corp stock forecast for 2026?
Our models put fair value at C$8.93, about +12% upside versus a price of C$7.97 (undervalued). Cautious scenario C$7.29, optimistic scenario C$12.32. The calculation is refreshed regularly with new filings.
Does Dividend Select 15 Corp pay a dividend?
Dividend Select 15 Corp currently shows a dividend yield of about 8.86% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Dividend Select 15 Corp (DS)?
For today's price to be fair in a discounted-cash-flow model, Dividend Select 15 Corp would have to grow free cash flow by +21.9 % per year for five years (discount rate 9.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 6 years revenue grew -7.5 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of DS use?
Our models discount Dividend Select 15 Corp at 9.5 %: a base by market capitalisation (nano), country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Dividend Select 15 Corp that is +21.9 % per year a year over ten years, using the same discount rate (9.5 %) and the same formula as our fair value.
How much growth has Dividend Select 15 Corp (DS) delivered so far?
Over the past 6 years revenue at Dividend Select 15 Corp grew -7.5 % a year. The price currently implies +21.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Dividend Select 15 Corp (DS) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Dividend Select 15 Corp (+21.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dividend Select 15 Corp (DS)?
The free-cash-flow yield on the price is 2.24 %: that much free cash flow Dividend Select 15 Corp produces per unit of market value. When it exceeds the discount rate of our models (9.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dividend Select 15 Corp (DS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dividend Select 15 Corp it is C$8.93 per share (as of Sep 27, 2026), against a price of C$7.97. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Dividend Select 15 Corp stock overvalued or undervalued in 2026?
As of Sep 27, 2026, DS trades below its calculated fair value: price C$7.97, fair value C$8.93, a gap of about +12% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DS?
No. The price is what the market pays today (C$7.97); the fair value is what the company's own numbers justify (C$8.93). For Dividend Select 15 Corp the two are C$0.9600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dividend Select 15 Corp worth?
The market values Dividend Select 15 Corp at about C$51.3M (market capitalisation, as of Sep 27, 2026). Per share that is C$7.97; our models calculate a fair value of C$8.93 per share.
What do the bullish and bearish scenarios say about DS?
Our models span a range for Dividend Select 15 Corp: cautious scenario C$7.29, base C$8.93, optimistic C$12.32 per share (as of Sep 27, 2026, price C$7.97). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DS?
Dividend Select 15 Corp trades at a price-to-earnings ratio of 4.1 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$8.93 is built from several models across several years. Other multiples: P/B 0.7, EV/EBITDA 4.5.
How far is DS from its 52-week high?
Dividend Select 15 Corp trades at C$7.97, about 5% below its 52-week high of C$8.35 and 25% above the low of C$6.39 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of C$8.93 is for.
Which stocks are comparable to Dividend Select 15 Corp?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dividend Select 15 Corp stock attractive at the current price?
The data as of Sep 27, 2026: price C$7.97, calculated fair value C$8.93 (+12%), Quality Score 71/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DS calculated?
We run Dividend Select 15 Corp through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$8.93, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.9 % above its aggregate fair value. Dividend Select 15 Corp currently trades 11 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dividend Select 15 Corp (DS)?
The closing price on Sep 28, 2026 was C$7.97. Our model-based fair value is C$8.93, about +12% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dividend Select 15 Corp right now?
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Dividend Select 15 Corp
How large is the market capitalisation of Dividend Select 15 Corp (DS)?
The market capitalisation of Dividend Select 15 Corp is C$51.3M (≈ $36.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dividend Select 15 Corp (DS)?
The price-to-sales ratio of Dividend Select 15 Corp is 5.48 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dividend Select 15 Corp (DS)?
Earnings per share at Dividend Select 15 Corp are C$1.96 (price ÷ EPS = P/E 4.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dividend Select 15 Corp (DS)?
The dividend yield of Dividend Select 15 Corp is 8.9% (payout 36.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Dividend Select 15 Corp (DS)?
The net margin of Dividend Select 15 Corp is 135% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Dividend Select 15 Corp (DS)?
On an EBIT basis the return on assets of Dividend Select 15 Corp is 11.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much net cash does Dividend Select 15 Corp (DS) hold?
Dividend Select 15 Corp holds more cash than debt, C$5.6M net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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