Added to YB: 2026-04-15
Pitch date: 2026-04-12
DBO.TO [bullish]
D-BOX Technologies Inc.
+3.75%
current return
Author Info
SpruceHill Capital is a value investor with a focus on illiquid small and micro cap stocks. Sign up for the newsletter.
Company Info
D-BOX Technologies Inc. designs, manufactures, and commercializes haptic motion systems intended for theatrical entertainment, sim racing and simulation, and training business in the United States, Canada, Europe, Asia, South America, Oceania, and Africa.
Market Cap
CAD 178.2M
Pitch Price
CAD 0.80
Price Target
4.00 (+382%)
Dividend
N/A
EV/EBITDA
12.49
P/E
11.33
EV/Sales
3.22
Sector
Household Durables
Category
turnaround
D-BOX Technologies: A Fast-Growing Royalty Business Valued at a Deep Discount
DBO.TO: Fast-growing haptic theater royalty biz; debt-free w/ $16.2M cash, 14x EV/FCF. Q4'25 added 86 screens (+8% QoQ), total 1,135; targeting 20% screen growth in 2026. Royalties 27% of rev, nearly pure margin. Box office +25% Q1'26 YoY; 2026 slate (Mario, Avengers) favors D-BOX. Cinemark 50% of screens; AMC/Regal deals would be transformative. FCF could double in 3yrs; at 20x = 6x return. 10% buyback, CEO buying at $0.65.
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