Companies ›Information Technology ›DSG.TO

DSG.TO — Toronto Stock Exchange Software

Dsg.To

C$103,00

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Mcap

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P/E

—

EV / Rev

—

Div yield

—

Op margin

28,8 %

ROE

10,1 %

Net margin

22,5 %

Debt / equity

0,00

Beta

—

52w range

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Volume

—

Day range

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Prev close

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Open

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Next earnings

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Ex-dividend

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TR 1Y

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About

DSG.TO provides software solutions, primarily generating revenue through product sales and service offerings.

Business. DSG.TO provides software solutions, primarily generating revenue through product sales and service offerings.

Classification92 %

SectorTechnology

Business sectorSoftware & IT Services

IndustrySoftware

Generated · model-assisted

Sell-side consensus

BUY5 analysts

4 buy1 hold0 sell

Avg 12m price target—

Analyst recommendations

5 analysts · consensus Buy

Buy4

Hold1

Sell0

12-month price target

—

Consensus of sell-side coverage.

Upcoming events

— missing data

See all catalysts →

At a glance

Score→

composite score

Valuation

—

valuation pending

Analysts→

Buy

5 analysts · indicative

Ownership→

T. Rowe Price Investment Management, Inc.

largest disclosed fund holder

quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning DSG.

Sector rotation

Sector1D1Mvs mkt

Materials+2,2 %+1,6 %+2,4 %

Energy+1,2 %+5,3 %+1,4 %

Real Estate+0,7 %+4,1 %+0,8 %

Health Care+0,7 %−0,5 %+0,8 %

Consumer Discretionary+0,3 %+8,7 %+0,5 %

Information Technology · THIS SECTOR−0,3 %+6,6 %−0,1 %

Financials−0,3 %−4,5 %−0,1 %

Consumer Staples−1,0 %+3,0 %−0,8 %

Utilities−1,5 %−21,2 %−1,3 %

Industrials−1,7 %−2,3 %−1,6 %

Communication Services———

Developing storylines

No tracked sagas currently linked to DSG.TO. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-07-07 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Peers
EarningsQ2 2026 earnings (expected)2026-07-28 · estimated · ServiceNow (NOW)
EarningsQ2 2026 earnings (expected)2026-08-28 · estimated · Salesforce (CRM)
Macro
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Composite score65 / 100

Composite score 0-100 · Data quality 0,60

Data quality0,60 / 1.00

Synthesis

Business

DSG.TO provides software solutions, primarily generating revenue through product sales and service offerings.

Classification92 %

SectorTechnology

Business sectorSoftware & IT Services

IndustrySoftware

AI synthesis

GENERATED

DSG.TO maintains a strong liquidity position, with a current ratio of 2.16, indicating the company can easily cover its short-term liabilities with its current assets. The company has no long-term debt, and its total liabilities are significantly lower than its total equity, suggesting a conservative capital structure. The free cash flow of $245.17 million reflects the company's ability to generate cash after capital expenditures, supporting its operational flexibility.

In terms of profitability, DSG.TO reports a return on equity (ROE) of 10.12% and a return on assets (ROA) of 8.64%, both of which are strong indicators of efficient capital use and asset management. The company's operating margin, calculated as operating income divided by revenue, stands at 28.83%, which is a key metric for assessing operational efficiency in the software industry. These figures suggest that DSG.TO is performing well relative to its peers in terms of profitability and returns.

DSG.TO's revenue is not segmented by geographic regions or product lines in the provided data, making it difficult to assess the geographic or segment concentration of its revenue. However, the absence of disclosed revenue concentration suggests a potentially diversified revenue base, which is a positive sign for risk mitigation.

The company's growth trajectory is supported by its strong cash flow generation and profitability. Analysts have a positive outlook, with four "Buy" ratings and one "Hold" rating, but no "Sell" or "Strong Sell" ratings. The mean EPS estimate for the upcoming period is $2.38, compared to the last actual EPS of $1.87, indicating a potential for earnings growth. This suggests that the company is expected to maintain or improve its financial performance in the near term.

DSG.TO's risk profile is characterized by low liquidity and dilution risks, with no immediate filing-based flags detected. The company's capital structure is free of long-term debt, and its equity base is substantial, reducing the likelihood of dilution through new share issuance. The absence of dilution risk is a positive factor for shareholders, as it preserves ownership concentration and voting power.

Recent events and filings do not indicate any significant changes in the company's operations or financial strategy. The company's capital expenditures are minimal, with a negative value of $5.73 million, suggesting that the company is not investing heavily in new physical assets. This could indicate a focus on software development and digital infrastructure rather than physical expansion.

Key takeaways

DSG.TO has a strong liquidity position with a current ratio of 2.16 and no long-term debt.
The company's profitability is robust, with an ROE of 10.12% and an ROA of 8.64%.
Analysts have a positive outlook, with four "Buy" ratings and one "Hold" rating.
DSG.TO's risk profile is favorable, with low liquidity and dilution risks.
The company's capital expenditures are minimal, indicating a focus on software development.

Bull / Bear case

analysis pipeline

— missing data

In focus — financials by report

Valuation

Market price

C$103,00

Market cap

—

Enterprise valueⓘ

—

P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

C$1.62B

Net cashⓘ

—

Current ratioⓘ

2.2

Debt / equityⓘ

0.0

ROAⓘ

8.6%

ROEⓘ

10.1%

Cash conversionⓘ

163.0%

CapEx / revenueⓘ

-0.8%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Next quarternear-term

Earnings · next quarterconf 57 %

EPS

Consensus EPS

2,38

Predicted surprise

+0,02

Beat probability

57 %

Analysts

Other metrics

Revenue

—

no estimate

Segment revenue

—

no estimate

Margin

—

no estimate

Segment margin

—

no estimate

as of 2026-05-06 · Earnings Surprise V1

Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.

Full fiscal year~1 year ahead

Full fiscal year · our forecast vs guidance vs consensus

Metric	Our forecast	Guidance	Consensus
EPS	—no estimate	—no estimate	2,38
Revenue	—no estimate	—no estimate	807,9M USD
Operating income	—no estimate	—no estimate	270,9M USD

Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.

Corporate eventM&A horizon

M&A probabilityconf 5 %

Probability

5 %

Base rate

3 %

Band

—

180-day horizon · target 2027-01-03 · 1,8× base rate

No acquirer candidates identified by the signal model.

Probabilistic model output — not investment advice. · generated 2026-07-07

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Consensus distribution

sell-side coverage

Recommendation distribution5 analysts

Strong buy0

Buy4

Hold1

Sell0

Strong sell0

Operating income · consensus270,9M USD

EPS surprise

−21,4 %

reported vs consensus · miss

Revenue surprise

−9,8 %

reported vs consensus · miss

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskLow

Filing-based flags

No immediate filing-based liquidity or dilution flags were detected.

Benchmarks vs cohort

Op Margin28,8 %Above P75

Net Margin22,5 %Above P75

ROE10,1 %Above median

Capex / Rev-0,8 %Above median

D/E0,00Above median

Cash Conv1,63Above median

Corporate actions / M&A

M&A probabilityconf —

Probability

5 %

Base rate

3 %

Band

Moderate

180-day horizon · target 2027-01-02 · 1,8× base rate

No acquirer candidates identified by the signal model.

Corporate actionsNo corporate-action source connected yet — splits, dividends and buyback events are not tracked for this company. Honest-dim (no data fabricated).

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Capex To Revenue
capital_expenditure / revenue
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income
Return On Assets
net_income / total_assets

Source documents

DSG.TO Market data — financials · 2026-05-27
Descartes Systems Group Inc Market data — analyst estimates · 2026-05-27

Ownership & reference

Top holders

T. Rowe Price Investment Management, Inc.Investment Managers · as of 2026-03-310,11 %$0M
JANUS HENDERSON GROUP PLCInstitutional Investor · as of 2026-03-310,09 %$184M
T. Rowe Price Associates, Inc.Investment Managers · as of 2026-03-310,05 %$0M
Arrowstreet Capital, Limited PartnershipInvestment Managers · as of 2026-03-310,05 %$90M
Principal Global Investors (Equity)Investment Managers · as of 2026-03-310,02 %$33M
American Century Investment Management, Inc.Investment Managers · as of 2026-03-310,02 %$34M
AQR Capital Management, LLCInvestment Managers · as of 2026-03-310,02 %$37M
Franklin Advisers, Inc.Investment Managers · as of 2026-03-310,01 %$43M
Nuveen LLCInvestment Managers · as of 2024-12-310,01 %$26M
Goldman Sachs Asset Management, L.P.Investment Managers · as of 2026-03-310,01 %$55M
Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,01 %$107M
Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,01 %$20M
MASSACHUSETTS FINANCIAL SERVICES CO /MA/Institutional Investor · as of 2026-03-310,01 %$16M
Dimensional Fund Advisors, L.P.Investment Managers · as of 2026-03-310,00 %$24M
Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$78M
Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,00 %$316M
UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$25M
FMR LLCInstitutional Investor · as of 2026-03-310,00 %$74M
Wellington Management Company, LLPInvestment Managers · as of 2026-03-310,00 %$13M
AMERIPRISE FINANCIAL INCInstitutional Investor · as of 2026-03-310,00 %$10M
Charles Schwab Investment Management, Inc.Investment Managers · as of 2026-03-310,00 %$14M
LPL Financial LLCInvestment Managers · as of 2026-03-310,00 %$8M
BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,00 %$55M
Bank of New York Mellon CorpInstitutional Investor · as of 2026-03-310,00 %$6M
First Trust Advisors L.P.Investment Managers · as of 2026-03-310,00 %$1M
Invesco QQQ TrustFunds · as of 2026-03-310,00 %$3M
AllianceBernstein L.P.Investment Managers · as of 2026-03-310,00 %$1M
Northern Trust Investments, Inc.Investment Managers · as of 2026-03-310,00 %$3M
PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M
Wells Fargo AdvisorsBrokerage Firms · as of 2026-03-310,00 %$1M
JONES FINANCIAL COMPANIES LLLPInstitutional Investor · as of 2026-03-310,00 %$0M
PNC Investments LLCInvestment Managers · as of 2026-03-310,00 %$0M
State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$0M

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

DSG.TOCanonical

Toronto Stock Exchange · CAD

Intel & risk

PredictorBeat prob57 %Surprise+0,02M&A prob5 %Full forecast →

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskLow

No immediate filing-based liquidity or dilution flags were detected.

Relationship graph

This companyPeerSector

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)

2026-06-30 03:38 UTCEARNINGSUpcomingForecast: ma_probability (180d)

2026-06-25 03:10 UTCHOLDERInstitutional holding changed

2026-06-25 03:10 UTCHOLDER1 institutional position change flagged (1 major)

2026-06-21 02:57 UTCHOLDERInstitutional holding changed

2026-06-21 02:57 UTCHOLDER30 institutional position changes flagged (1 major)

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-07 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

Analyst recommendations

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Consensus distribution

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Top holders

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread