RE:DCM- Market/Competitor Comparison For some stocks, it's good to compare to the overall market + their competitors to get a good grasp of where the stock is currently sitting. I will do that for DCM using some popular Ratios compared against the S&P/TSX + DCM’s competitors.
Some very good work here. I don't know what the competitors are, but that's what makes this business tricky. P/B is still valid because there's some legacy printing in DCM that isn't there in, say EQ Inc (V.EQ) which is the same size and has no debt, so its slightly smaller business is more profitable. Other measures I'm less sanguine about.
A loooooong time ago I used to use St. Joseph Communciations as a model company that DCM would grow to. It was once three times the size and always more profitable despite having the same mix of business. No inference can be drawn now as it's totally private so you can't see any financial data, but it used to be in the range of P/E 10 and P/B 4 etc. Last I heard it was $4B in business so now 20 times the size of DCM, but it just goes to show the effects of debt on a business's future.
Those who are impatient should go away til after Christmas and find some aother things to do. Let the debt be paid off and the business build and then we'll see what's what. I've been in for a decade or more, so I've heard the same stories about "what DCM should be valued at" more times than I can count, and Knowledgeseekr has been in longer than me. It's a good deal at less than a buck but it'll take a year to release that value. Just because some posters think the debt will be paid off by May doesn't mean it actually will.