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TDb Split
(TSX:XTD)
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Rating:58Neutral
Price Target:
C$11.50
▲(121.15% Upside)
Action:Reiterated
Date:05/28/26
The score is held back primarily by volatile financial performance and weak recent cash conversion despite improved leverage. This is partly offset by strong-looking valuation metrics (very low P/E and high dividend yield) and a constructive technical uptrend, though momentum indicators are overextended.
Positive Factors
Improving Leverage
A materially lower debt-to-equity in 2025 represents meaningful balance-sheet repair versus prior years. Lower leverage improves financial flexibility, reduces refinancing and covenant risks, and gives management more room to fund operations or strategic initiatives over the next several months.
Negative Factors
Sharp Revenue Decline
A steep revenue drop undermines the sustainability of the core business and reduces visibility into future fee generation. Such a pronounced decline materially weakens earnings durability, making it harder to rely on historical margins or cash generation until revenue trends meaningfully recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Leverage
A materially lower debt-to-equity in 2025 represents meaningful balance-sheet repair versus prior years. Lower leverage improves financial flexibility, reduces refinancing and covenant risks, and gives management more room to fund operations or strategic initiatives over the next several months.
Read all positive factors
TDb Split (XTD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$54.17M
Dividend Yield7.78%
Average Volume (3M)17.21K
Price to Earnings (P/E)2.8
Beta (1Y)1.48
Revenue Growth-41.22%
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)4.17
Shares Outstanding4,689,773
10 Day Avg. Volume24,459
30 Day Avg. Volume17,213
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.77
Price to Sales (P/S)9.26
P/FCF Ratio-17.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TDb Split Business Overview & Revenue Model
Company Description
Managed by Quadravest Capital Management Inc., TDb Split Corp. operates as a Canadian-domiciled, closed-end equity mutual fund established on May 24, 2007. The fund's investment strategy focuses on public equity markets within Canada, specifically...
How the Company Makes Money
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TDb Split Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
42
Neutral
Cash Flow
35
Negative
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.79M | -2.81M | 6.85M | 4.70M | 2.00M |
| Gross Profit | 2.31M | -2.81M | 6.21M | 4.02M | 1.34M |
| EBITDA | 26.36M | -3.18M | 42.41K | 1.65M | 18.14M |
| Net Income | 23.67M | -3.18M | -9.52M | -1.86M | 14.79M |
Balance Sheet | |||||
| Total Assets | 82.59M | 88.26M | 88.69M | 89.75M | 87.06M |
| Cash, Cash Equivalents and Short-Term Investments | 82.59M | 88.25M | 88.69M | 89.74M | 87.06M |
| Total Debt | 48.41M | 78.88M | 72.18M | 64.76M | 59.42M |
| Total Liabilities | 49.09M | 79.32M | 73.84M | 65.63M | 60.16M |
| Stockholders Equity | 33.50M | 8.93M | 14.84M | 24.11M | 26.91M |
Cash Flow | |||||
| Free Cash Flow | -1.46M | 32.56M | 18.98M | 5.84M | -19.99M |
| Operating Cash Flow | -1.46M | 32.56M | 18.98M | 5.84M | -19.99M |
| Investing Cash Flow | -34.37M | 29.30M | 16.09M | 3.56M | -21.82M |
| Financing Cash Flow | -29.08M | 4.00M | 3.43M | 1.05M | 8.60M |
TDb Split Technical Analysis
Positive
5.20
Price Trends
9.61
Positive
8.20
Positive
7.03
Positive
Market Momentum
0.44
Negative
72.82
Negative
95.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:XTD, the sentiment is Positive. The current price of 5.2 is below the 20-day moving average (MA) of 10.66, below the 50-day MA of 9.61, and below the 200-day MA of 7.03, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 72.82 is Negative, neither overbought nor oversold. The STOCH value of 95.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:XTD.
TDb Split Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$3.07M | 7.19 | 193.99% | 13.17% | -4.69% | -9.80% | |
70 Outperform | C$8.64M | 4.89 | 42.23% | 7.52% | -51.64% | -29.34% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | C$124.29M | ― | 9.94% | 17.81% | 109.66% | ― | |
58 Neutral | C$54.17M | 2.77 | 72.37% | 7.78% | -41.22% | ― | |
| ― | C$30.60M | 3.13 | 31.87% | 8.54% | 226.71% | 115.90% | |
63 Neutral | C$64.06M | ― | 26.15% | 10.21% | 184.08% | -45.01% |
* Financial Sector Average
TSE:XTD
TDb Split
11.55
7.44
181.23%
TSE:MKZ.UN
MacKenzie Master
0.51
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15.91%
TSE:PDV
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15.71
7.94
102.19%
TSE:RS
Real Estate & E-Commerce Split Corp. Class A
10.80
2.06
23.50%
TSE:BNK
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19.35
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TSE:PWI
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.