Data Communications Management Corp (Ontario) DCM

IndustrialsMedia & PublishingCanada

Last close 2.21 CAD on Nov 2, 2026, +40.4% year to date

Quant rating

Quant rating B Rank 9 of 53 in Industrials

Growth A 3 of 53
Valuation A 2 of 53
Quality D 38 of 53
Revisions B 20 of 53
Momentum B 21 of 53

Wall Street consensus Strong Buy (1.50)Average target 4.35 CAD +96.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 138M
Enterprise value: 375M
52-week range: 1.25 – 3.18
3-year range: 1.25 – 3.45
Dividend yield: 4.55%
Beta (5 years): 0.08
Shares outstanding: 62.6M
Next earnings: Nov 11, 2026

About the company

DATA Communications Management Corp. is a Canada-based tech-enabled provider of print and digital solutions that help simplify marketing communications and operations workflow. It delivers individualized services to clients that simplify communications, including customized printing, highly personalized marketing communications, campaign management, digital signage, and digital asset management. Its print and communications solutions are offered as bundled packages of products and services under multi-year, preferred partner or single-source agreements and solutions are also sold individually. The industries the company serves include financial services, retail, healthcare & wellness, not-for-profit, energy, hospitality, transportation, lottery, government, and telecom. The Company also provides intelligent document processing (IDP) and data management solutions that help organizations automate, optimize and govern their critical workflows.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	450	480	448	274	235	–
Revenue growth	−6.2%	7.2%	63.5%	16.3%	−9.2%	11.7%
EPS (basic, normalized)	0.18	0.20	0.25	–	0.17	–
EPS growth	−10.0%	−20.0%	–	–	–	–
Gross margin	25.9%	27.1%	26.6%	30.8%	29.5%	28.0%
Net margin	2.1%	0.7%	−3.5%	5.1%	0.7%	1.0%
ROE	23.9%	10.4%	−61.4%	90.4%	26.4%	17.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	2.7
Current ratio	1.51x
Long-term debt (mil)	215
Net debt (mil)	236
Total equity (mil)	44.8
Net debt / equity	5.27x
Net debt / EBITDA	3.92x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	450	−6.2%	0.8x	60.4	−4.2%	6.2x	0.18	−10.0%	12.3x
2026	456	+1.3%	0.8x	64.4	+6.6%	5.8x	0.13	−25.9%	16.6x
2027	479	+4.9%	0.8x	73.7	+14.6%	5.1x	0.27	+100.0%	8.3x
2028	517	+8.0%	0.7x	164	+122.9%	2.3x	0.36	+35.0%	6.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	456	0.0%	−0.5%	+0.4%	0.13	−11.1%	−11.1%	−25.9%
2027	479	0.0%	−0.8%	+2.2%	0.27	+13.5%	−19.2%	+13.5%
2028	517	0.0%	+4.0%	–	0.36	+28.6%	−20.0%	–

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	129	126	109	116	124	114	105	108	117	111
Sales mean (mil)	139	134	118	116	122	119	103	111	118	111
Surprise	−7.2%	−6.2%	−7.5%	+0.3%	+1.2%	−4.1%	+1.9%	−2.9%	−0.6%	−0.4%
EPS reported	–	0.07	0.00	0.04	0.09	0.07	0.00	0.01	0.10	0.03
EPS mean	–	0.10	0.04	0.04	0.07	0.03	−0.02	−0.01	0.07	0.03
Surprise	–	−30.0%	−100.0%	0.0%	+36.4%	+180.0%	−110.0%	−200.0%	+42.9%	0.0%

Peer comparison Media & Publishing

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
DCM Data Communications Management Corp (Ontario)	138M	3.92x	2.1%	2.77x	16.6x	8.3x	5.8x	5.1x
NCMI National Cinemedia Inc	212M	−0.80x	−4.4%	0.45x	−20.8x	32.2x	2.7x	2.2x
PCOA Pendrell Corp	204M	–	44.6%	–	–	–	–	–
LEE Lee Enterprises Inc	187M	–	−6.7%	−59.81x	–	–	–	–
BAMI Blue Ant Media Corporation	165M	–	6.6%	2.03x	−90.9x	7.7x	3.5x	2.6x
Y Yellow Pages Ltd	162M	−0.10x	9.1%	5.37x	10.3x	10.2x	4.6x	5.3x
Mean		1.01x	8.5%	−9.84x	−21.2x	14.6x	4.2x	3.8x
Median		−0.10x	4.3%	2.03x	−5.2x	9.3x	4.0x	3.8x

Technical analysis

1M−3.1%
3M−22.4%
1Y+71.7%
3Y+7.6%

Financial statements in millions of CAD

Income statement in millions of CAD, fiscal years

Income statement, Data Communications Management Corp (Ontario), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	450	480	448	274	235	259
Cost of revenue	334	350	329	190	166	186
Gross profit	117	130	119	84.2	69.5	72.9
Selling, general & administrative expenses	79.8	87.6	87.2	57.1	56.0	56.5
Research & development	4.6	4.8	–	–	–	–
Interest expense (income), operating	0	−0.3	7.1	–	–	–
Unusual expense (income)	0.2	13.2	31.2	1.9	5.6	−7.2
Other operating expenses	0	−2.5	0	0	0	0
Operating income	32.2	27.3	−6.7	25.2	8.0	23.6
Net interest income (expense)	−20.3	−21.5	−15.3	−5.0	−5.8	−6.1
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−0.5	−0.6	−0.5	−0.3	0.5	−0.6
Net income before taxes	11.4	5.2	−22.4	19.9	2.6	17.0
Provision for taxes	2.2	1.7	−6.6	5.9	1.1	3.7
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	9.3	3.6	−15.9	14.0	1.6	13.3
Extraordinary items	–	–	–	–	–	–
Net income	9.3	3.6	−15.9	14.0	1.6	13.3
EBIT, normalized	32.3	40.2	31.7	27.1	13.6	16.5
EBITDA, normalized	60.4	66.4	53.4	38.3	28.7	32.7
Basic EPS, normalized	0.18	0.20	0.25	–	0.17	–

Balance sheet in millions of CAD, fiscal years

Balance sheet, Data Communications Management Corp (Ontario), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	1.9	6.8	17.7	4.2	0.9	0.6
Receivables	96.0	107	121	54.6	52.4	65.3
Total inventory	19.3	23.8	28.8	20.2	12.1	8.5
Prepaid expenses	4.9	6.0	5.3	3.0	2.6	1.5
Other current assets	0	0	8.6	0	0	0
Total current assets	122	143	181	82.1	68.0	75.9
Property, plant & equipment	190	197	190	40.3	41.9	52.1
Goodwill	22.7	22.7	22.3	17.0	17.0	17.0
Intangibles	7.1	8.3	10.6	2.5	4.0	6.2
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	15.5	20.5	14.7	7.7	9.1	6.5
Total assets	358	392	419	149	140	158
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	43.8	59.9	75.8	44.1	37.6	40.0
Accrued expenses	–	–	–	–	–	–
Short-term debt	0	0.9	1.6	0	0	0
Current portion of long-term debt	24.1	25.7	16.7	18.5	17.9	15.4
Other current liabilities	6.3	14.2	22.5	6.9	7.4	5.6
Total current liabilities	74.2	101	117	69.5	62.8	60.9
Long-term debt	229	227	239	48.4	57.5	80.9
Minority interest	–	–	–	–	–	–
Other liabilities	16.9	24.5	34.5	8.8	11.7	12.1
Total liabilities	321	352	390	127	132	154
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	284	285	284	256	256	256
Additional paid-in capital	2.8	3.1	3.1	3.1	2.8	2.4
Retained earnings (accumulated deficit)	−250	−248	−258	−237	−251	−255
Treasury stock	–	–	–	–	–	–
Other equity	0.2	0.3	0.2	0.2	0.2	0.2
Total equity	37.4	40.0	28.8	22.8	8.0	3.8
Total liabilities & shareholders' equity	358	392	419	149	140	158

Cash flow statement in millions of CAD, fiscal years

Cash flow statement, Data Communications Management Corp (Ontario), fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	9.3	3.6	−15.9	14.0	1.6	11.5
Depreciation, depletion & amortization	28.0	26.2	21.7	11.2	15.2	16.2
Deferred taxes	–	–	–	–	–	–
Non-cash items	−2.9	−3.8	19.7	8.9	8.3	4.9
Changes in working capital	−9.3	−1.3	0.2	−8.7	1.9	15.0
Cash from operations	25.1	24.7	25.8	25.4	26.9	47.6
Investing activities
Capital expenditures	−4.4	−12.7	−4.3	−1.5	−3.2	−0.8
Other investing cash flows	6.6	2.6	−100	0.1	0	0
Cash from investing	2.2	−10.1	−104	−1.5	−3.2	−0.8
Financing activities
Financing cash flow items	−0.4	0	−1.8	0.5	−0.5	−0.6
Cash dividends paid	−16.6	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−15.0	−25.6	94.0	−18.4	−22.9	−44.6
Cash from financing	−32.0	−25.6	92.2	−17.9	−23.4	−45.1
Foreign exchange effects	−0.1	0.1	0	0	0	0
Net change in cash	−4.8	−10.9	13.4	6.0	0.3	1.7
Free cash flow	20.7	12.1	21.4	23.8	23.7	46.8

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.