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Dorel Industries

DII-B.TO
19
Furnishings, Fixtures & Appliances · Consumer Cyclical
Price
C$1.60
-0.03 (-1.84%)
Market Cap
C$55.4M
Exchange
Toronto Stock Exchange
Winston Score
19
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Data not available
Valuation
Data not available
Dividends
Exceptional

Winston Score History

The full picture

Dorel Industries is a Canadian consumer products company that makes and sells juvenile products, bicycles, and home furnishings. Its juvenile segment includes car seats, strollers, and baby gear sold under brands like Safety 1st, Maxi-Cosi, and Quinny. Its cycling segment sells bikes under brands like Cannondale, Schwinn, and GT to retailers and consumers worldwide.

Dorel earns money by selling physical products through mass-market retailers, specialty stores, and e-commerce channels. It operates globally, with significant sales in North America and Europe, and generates roughly $1 billion in annual revenue. The company's brand portfolio gives it some shelf-space leverage with large retailers, but thin gross margins and persistent operating losses highlight a serious cost and competitive pressure problem. The main risk is that Dorel has struggled to return to consistent profitability, and with a small market cap and negative returns on capital, the business faces ongoing pressure to restructure or divest underperforming segments.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-16.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+13.0% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$15M/ year

Declining (-35% vs prior year)

1.3% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

13.8%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$39M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Dorel Industries's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.2% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 32.5M (2021) → 32.6M (2025)

Score breakdown

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Quality

Profit per sale
Gross Margin
13.5%
Thin — 13.5% gross margin
Profit after running costs
Operating Margin
-9.1%
Losing money on operations — -9.1%
Return on the money invested
ROCE
-8.7%
Weak — -8.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-15.9%
Shrinking sales (-15.9% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-8.5%
Burning cash (-8.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
37.50%
Healthy income — 37.50% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+1214.2%
Dividend growing fast (1214.2% YoY)

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