Added to YB: 2026-05-15
Pitch date: 2026-05-13
GDL.TO [neutral]
Goodfellow Inc.
Author Info
Dismissed & Asset Backed has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Sign up for the newsletter.
Company Info
Goodfellow Inc. engages in the wholesale distribution of building materials and floor coverings in Canada, the United States, and the United Kingdom.
Market Cap
CAD 96.1M
Pitch Price
N/A
Price Target
20.27
Dividend
4.33%
EV/EBITDA
6.60
P/E
15.48
EV/Sales
0.29
Sector
Trading Companies and Distributors
Category
value
Goodfellow (GDL) – A 128-Year-Old Family-Controlled and Dividend-Paying Net-Net
GDL.TO (watchlist): 128-yr family-controlled (42%) Canadian lumber distributor trading 0.49x TB, 0.83x NCAV vs 0.95x 13y avg. FY25 sales $543M, EBIT margin 2.5% vs 3.3% 10y median. 20% net gearing, $21.5M pension surplus. Bull: margin/multiple normalization to 5.2% EBITDA/$19 PT (+72%, 20% CAGR by FY28), 5.1% div yield, NCIB active. Risk: cyclical, no LT contracts, Ontario weakness, tariffs, illiquid.
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