Raymond James Raises FY2023 Earnings Per Share Estimates for Doman Building Materials Group Ltd.
May 24, 2023
Trending News ☀️
Doman Building Materials ($TSX:DBM) Group Ltd. (DBMG) is a leading industrial construction materials manufacturer and supplier. This is great news for DBMG shareholders, as it shows a strong outlook for the company’s future performance. The new estimates suggest that DBMG will have higher than expected earnings per share for the fiscal year 2023, which is very encouraging news for those who are invested in the company. DBMG’s products are used in a variety of industrial construction projects around the world, and their increasing earnings suggest that demand for their products is continuing to rise.
In addition, the company has implemented several cost-saving measures over the past few years that have helped to improve their financial position. The increased forecast from Raymond James further validates DBMG’s business model and suggests that the company is well-positioned for continued success in the years to come. With the addition of new products and services, DBMG has diversified its offerings and expanded its customer base, which should lead to further growth in the future. Investors should be encouraged by this news as it shows that DBMG is on a solid path forward.
Earnings
The company earned 609.12M CAD in total revenue and 14.91M CAD in net income, representing a 28.4% decrease in total revenue and a 64.5% decrease in net income compared to the previous year. Despite the decrease in overall earnings, the company has seen an increase in total revenue over the last three years, going from 519.93M CAD to 609.12M CAD. This demonstrates the potential for increased earnings and a likely growth trajectory for the company going forward.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for DBM. More…
| Total Revenues | Net Income | Net Margin |
| 2.8k | 51.62 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DBM. More…
| Operations | Investing | Financing |
| 270.9 | -3.36 | -255.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for DBM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.56k | 990.15 | 6.56 |
Key Ratios Snapshot
Some of the financial key ratios for DBM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.6% | 30.5% | 3.6% |
| FCF Margin | ROE | ROA |
| 9.5% | 11.0% | 4.0% |
Share Price
On Friday, DBM stock opened at CA$6.7 and closed at CA$6.6, representing a decline of 1.0% from its last closing price of CA$6.7. The positive outlook on the company’s performance in the coming fiscal year was based on the firm’s policy initiatives, which have resulted in an improved outlook for the building materials sector. Despite the stock price dip, Raymond James remained confident in DBM’s long-term prospects and was optimistic about its future growth potential. Investors will be watching closely to see how the company performs in the FY2023 and beyond. Live Quote…
Analysis
At GoodWhale, we have conducted an analysis of DOMAN BUILDING MATERIALS’s wellbeing. The results indicate that DOMAN BUILDING MATERIALS is a medium risk investment from both a financial and business perspective. Our team of experts has identified two risk warnings in the income sheet and balance sheet. To learn more about these warnings and to get an accurate assessment of DOMAN BUILDING MATERIALS’s risk level, we invite you to register with us. More…
Peers
The Doman Building Materials Group Ltd is in competition with China Railway Prefabricated Construction Co Ltd, Boise Cascade Co, H+H International A/S. All these companies are striving to be the top company in the industry by providing innovative and high quality products.
– China Railway Prefabricated Construction Co Ltd ($SZSE:300374)
China Railway Prefabricated Construction Co Ltd is a construction company that primarily focuses on railway construction. As of 2022, the company has a market capitalization of 2.69 billion and a return on equity of -19.59%. The company has been facing financial difficulties in recent years, which has led to its negative equity position.
– Boise Cascade Co ($NYSE:BCC)
Boise Cascade Company is a publicly traded timberland investment management organization and forest products manufacturer headquartered in Boise, Idaho. As of 2022, the company had a market capitalization of $2.55 billion and a return on equity of 38.93%. Boise Cascade Company owns and manages approximately 2.4 million acres of timberland in the United States and Canada, and manufactures a range of engineered wood products, plywood, and lumber.
– H+H International A/S ($LTS:0M6J)
H+H International A/S is a Danish company that manufactures and sells building materials. The company has a market cap of 1.92B and a ROE of 16.4%. H+H International A/S manufactures and sells a variety of building materials, including bricks, blocks, and roof tiles. The company also provides engineering and construction services.
Summary
Investors of Doman Building Materials Group Ltd. have much to be optimistic about as Raymond James has raised their forecast for fiscal year 2023 earnings per share. With careful analysis and review, analysts have found that this company could be a great option for investors who are looking for a long-term gain. The potential returns of investing in Doman Building Materials Group Ltd. are high, with an overall positive outlook for the company’s future.
Investors should take the time to research the company and its products to make sure it is a viable investment. With a solid track record of success and a bright future, Doman Building Materials Group Ltd. could be a great addition to any portfolio.
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