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TDb Split
(TSX:XTD)
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Rating:56Neutral
Price Target:
C$9.00
â–¼(-5.96% Downside)
Action:Reiterated
Date:08/24/26
The score is held back primarily by volatile fundamentals (sharp revenue decline, uneven earnings quality, and negative 2025 operating/free cash flow) and weak technical momentum (below key short-term averages with negative MACD). These risks are partially offset by strong value/income metrics (P/E ~1.0 and ~6.47% yield) and a supportive corporate event (continued regular dividends).
Positive Factors
Balance-sheet repair
Debt-to-equity fell to about 1.44x in 2025 from 8.83x in 2024 and 4.86x in 2023, showing meaningful balance-sheet repair. Lower leverage can improve resilience and financial flexibility over the next several quarters, even though historical leverage remains a concern.
Negative Factors
Sharp revenue contraction
A 61.5% revenue decline in the latest annual period signals significant instability in the reported top line and weakens confidence in near-term business momentum. Sustained revenue pressure could reduce operating leverage, limit reinvestment capacity, and make future earnings less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet repair
Debt-to-equity fell to about 1.44x in 2025 from 8.83x in 2024 and 4.86x in 2023, showing meaningful balance-sheet repair. Lower leverage can improve resilience and financial flexibility over the next several quarters, even though historical leverage remains a concern.
Read all positive factors
TDb Split (XTD) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$42.61M
Dividend Yield6.94%
Average Volume (3M)12.12K
Price to Earnings (P/E)1.0
Beta (1Y)1.55
Revenue Growth70.04%
EPS Growth413.46%
CountryCA
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)8.18
Shares Outstanding5,393,239
10 Day Avg. Volume5,472
30 Day Avg. Volume12,119
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.67
Price to Sales (P/S)8.05
P/FCF Ratio-15.39
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...
TDb Split Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
42
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.61M | 2.79M | -2.81M | 6.85M | 4.70M | 2.00M |
| Gross Profit | 4.04M | 2.31M | -2.81M | 6.21M | 4.02M | 1.34M |
| EBITDA | 41.95M | 26.36M | -33.12K | -5.30M | 1.65M | 18.14M |
| Net Income | 38.70M | 23.67M | -3.18M | -9.52M | -1.86M | 14.79M |
Balance Sheet | ||||||
| Total Assets | 103.14M | 82.59M | 88.26M | 88.69M | 89.75M | 87.06M |
| Cash, Cash Equivalents and Short-Term Investments | 103.14M | 82.59M | 88.25M | 88.69M | 89.74M | 87.06M |
| Total Debt | 47.22M | 48.41M | 78.88M | 72.18M | 64.76M | 59.42M |
| Total Liabilities | 48.05M | 49.09M | 79.32M | 73.84M | 65.63M | 60.16M |
| Stockholders Equity | 55.09M | 33.50M | 8.93M | 14.84M | 24.11M | 26.91M |
Cash Flow | ||||||
| Free Cash Flow | -1.45M | -1.46M | 32.56M | 18.98M | 5.84M | -19.99M |
| Operating Cash Flow | -1.45M | -1.46M | 32.56M | 18.98M | 5.84M | -19.99M |
| Investing Cash Flow | 3.49M | -34.37M | 29.30M | 16.09M | 3.56M | -21.82M |
| Financing Cash Flow | -2.69M | -29.08M | 4.00M | 3.43M | 1.05M | 8.60M |
TDb Split Technical Analysis
Negative
9.57
Price Trends
8.81
Negative
8.71
Negative
7.25
Positive
Market Momentum
-0.13
Positive
34.18
Neutral
7.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:XTD, the sentiment is Negative. The current price of 9.57 is above the 20-day moving average (MA) of 8.81, above the 50-day MA of 8.81, and above the 200-day MA of 7.25, indicating a neutral trend. The MACD of -0.13 indicates Positive momentum. The RSI at 34.18 is Neutral, neither overbought nor oversold. The STOCH value of 7.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | C$3.19M | 7.45 | 128.21% | 13.92% | -0.12% | -7.56% | |
75 Outperform | C$54.34M | 3.25 | 27.77% | 10.80% | 233.57% | 28.65% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | C$26.28M | 1.41 | 59.22% | 8.67% | 288.09% | 138.83% | |
62 Neutral | C$7.26M | 2.12 | 47.78% | 9.33% | -3.86% | 84.88% | |
56 Neutral | C$42.61M | 1.02 | 87.37% | 6.94% | 70.04% | 413.46% | |
56 Neutral | C$106.41M | 4.76 | 17.87% | 18.64% | 95.81% | 37.32% |
* Financial Sector Average
TSE:XTD
TDb Split
7.90
3.77
91.24%
TSE:MKZ.UN
MacKenzie Master
0.51
-0.04
-7.27%
TSE:PDV
Prime Dividend Cl A
13.54
4.64
52.10%
TSE:RS
Real Estate & E-Commerce Split Corp. Class A
8.37
-0.13
-1.58%
TSE:BNK
Big Banc Split
13.61
2.98
28.05%
TSE:PWI
Sustainable Power & Infrastructure Split
10.69
1.40
15.11%
TDb Split Corporate Events
Dividends
TDb Split Corp. Announces Regular Monthly Distributions on Class A and Priority Equity Shares
Positive
Sep 18, 2026
TDb Split Corp. has declared a regular monthly distribution of $0.05000 per Class A share, equivalent to $0.60 on an annualized basis, and $0.05833 per Priority Equity share, or $0.700 annually. The distributions will be paid on October 9, 2026 to...
Dividends
TDb Split Corp. Declares Regular Monthly Dividends for Class A and Priority Equity Shares
Positive
Aug 19, 2026
TDb Split Corp. has declared regular monthly cash distributions of $0.05000 per Class A share, equivalent to $0.60 on an annualized basis, and $0.05833 per Priority Equity share, or $0.700 annually. The dividends will be paid on September 10, 2026...
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.