DIV (Diversified Royalty Corp) vs S&P TSX Composite Index (Canada) Comparison

DIV

S&P TSX Composite Index (Canada)

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DIV

S&P TSX Composite Index (Canada)

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DIV

S&P TSX Composite Index (Canada)

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Diversified Royalty Corp
Glance View

Market Cap

421.5m CAD

Industry

Retail

Diversified Royalty Corp. engages in the acquisition of well-managed royalties from multi-location businesses and franchisors. The company is headquartered in Vancouver, British Columbia and currently employs 38 full-time employees. The firm is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The Company’s objective is to acquire royalty streams from a diverse group of multi-location businesses and franchisors. The firm's Royalty Partners include Mr. Lube Canada Limited Partnership (Mr. Lube), LoyaltyOne Co. (LoyaltyOne), Mr. Mikes Restaurants Corporation (Mr. Mikes), Nurse Next Door Professional Homecare Services Inc. (Nurse Next Door) and Oxford Learning Centres, Inc. (Oxford). The Mr. Lube provides a variety of automotive maintenance services that include fluid changes, filter replacements, windshield chip repair and tire services. Mr. Mikes provides full-service casual dining restaurant from its signature steaks and Mikeburgers to home-branded wines and beers. Oxford provides franchise tutoring services. Nurse Next Door is a home care provider.

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DIV Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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DIV

vs

S&P TSX Composite Index (Canada)

Stocks Performance
DIV vs S&P TSX Composite Index (Canada)

Performance Gap
DIV vs S&P TSX Composite Index (Canada)

Performance By Year
DIV vs S&P TSX Composite Index (Canada)

Competitors Performance
Diversified Royalty Corp vs Peers

Diversified Royalty Corp
Glance View

Company

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DIV vs S&P TSX Composite Index (Canada)

Stocks Performance DIV vs S&P TSX Composite Index (Canada)

Performance Gap DIV vs S&P TSX Composite Index (Canada)

Performance By Year DIV vs S&P TSX Composite Index (Canada)

Competitors Performance Diversified Royalty Corp vs Peers

Diversified Royalty Corp Glance View

Company

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Tools

Stocks

DIV

vs

S&P TSX Composite Index (Canada)

Stocks Performance
DIV vs S&P TSX Composite Index (Canada)

Performance Gap
DIV vs S&P TSX Composite Index (Canada)

Performance By Year
DIV vs S&P TSX Composite Index (Canada)

Competitors Performance
Diversified Royalty Corp vs Peers

Diversified Royalty Corp
Glance View