D2L (DTOL) Stock Overview
Provides cloud-based learning software for higher education institutions, kindergarten to grade 12 schools and districts, and private sector enterprises in Canada, the United States, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
DTOL Community Fair Values
Create NarrativeSee what 9 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
D2L Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$9.35 |
| 52 Week High | CA$19.05 |
| 52 Week Low | CA$7.15 |
| Beta | 1.37 |
| 1 Month Change | -1.79% |
| 3 Month Change | 0.97% |
| 1 Year Change | -29.70% |
| 3 Year Change | 10.13% |
| 5 Year Change | n/a |
| Change since IPO | -44.18% |
Recent News & Updates
Narrative Update • Jun 04
DTOL: New Contracts And Buybacks Will Support Future Upside Potential
D2L's fair value estimate has increased slightly to CA$12.57 from CA$12.25, as analysts incorporate updated price targets that have generally moved lower while still supporting steady assumptions for growth, margins, and future P/E. Analyst Commentary Recent Street research has featured several price target revisions for D2L, with multiple firms updating their views while still assuming steady growth, margin progression, and future P/E levels in their models.Narrative Update • May 11
DTOL: Buybacks And New Contracts Will Support Future Upside Potential
Analysts have trimmed their CA$ price targets on D2L by amounts ranging from CA$3.25 to CA$9, reflecting updated views on the stock. Key valuation inputs such as fair value, revenue growth assumptions, profit margin and future P/E estimates remain essentially unchanged.Narrative Update • Apr 27
DTOL: Buybacks And Execution On New Contracts Will Drive Future Upside
Analyst price targets on D2L have been cut by up to CA$9 recently, and the updated fair value estimate has edged slightly lower as analysts factor in modest tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research updates have centered on resetting price targets for D2L, with reductions ranging from C$3.25 to C$9 and one target moved to C$15 from C$20.Recent updates
Narrative Update • Jun 04
DTOL: New Contracts And Buybacks Will Support Future Upside Potential
D2L's fair value estimate has increased slightly to CA$12.57 from CA$12.25, as analysts incorporate updated price targets that have generally moved lower while still supporting steady assumptions for growth, margins, and future P/E. Analyst Commentary Recent Street research has featured several price target revisions for D2L, with multiple firms updating their views while still assuming steady growth, margin progression, and future P/E levels in their models.Narrative Update • May 11
DTOL: Buybacks And New Contracts Will Support Future Upside Potential
Analysts have trimmed their CA$ price targets on D2L by amounts ranging from CA$3.25 to CA$9, reflecting updated views on the stock. Key valuation inputs such as fair value, revenue growth assumptions, profit margin and future P/E estimates remain essentially unchanged.Narrative Update • Apr 27
DTOL: Buybacks And Execution On New Contracts Will Drive Future Upside
Analyst price targets on D2L have been cut by up to CA$9 recently, and the updated fair value estimate has edged slightly lower as analysts factor in modest tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research updates have centered on resetting price targets for D2L, with reductions ranging from C$3.25 to C$9 and one target moved to C$15 from C$20.Narrative Update • Apr 12
DTOL: Lower P E Expectations And Buybacks Will Support Future Upside
Analysts have lowered the blended CA$ price target for D2L to reflect a reduced fair value estimate of about CA$12.35 from roughly CA$18.02, citing broad target cuts from firms including BMO Capital, Stifel, TD Securities, RBC Capital and CIBC, as well as updated assumptions for discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent Street research shows a cluster of target cuts and at least one rating downgrade for D2L, with several firms revising their models and fair value assumptions.Narrative Update • Mar 29
DTOL: Lower P E Expectations Will Support Upside As Execution Progresses
Narrative update D2L's analyst price target has been revised down by CA$0.70 to reflect lower Street targets and a reduced future P/E assumption, while analysts continue to hold relatively steady expectations for revenue growth and profit margins. Analyst Commentary Recent Street research on D2L reflects a more cautious stance on valuation, with price targets adjusted lower and at least one downgrade, even as expectations for revenue growth and margins remain generally intact.Narrative Update • Mar 13
DTOL: Reset Expectations And Cautious Rating Shifts Will Support Future Upside
Analysts have adjusted their outlook on D2L, with the consensus price target moving to CA$15 from CA$20 as recent research highlights a mix of cautious views, including a downgrade and a lowered target, while still reflecting expectations that align with the updated fair value and P/E assumptions. Analyst Commentary Recent research on D2L points to a more cautious stance on the shares, with the consensus price target now aligned around CA$15.
New Narrative • Feb 27
Cautious AI Adoption And Margin Pressure Will Eventually Support A More Resilient Learning Platform
Catalysts About D2L D2L provides a cloud based learning platform, including its Brightspace LMS and AI driven tools, for education institutions and corporate training providers. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 27
DTOL: Share Repurchases And Reset Expectations Will Support Future Upside
D2L's updated analyst price target has moved lower to CA$15 from CA$20, as analysts adjust their fair value and future P/E assumptions in light of recent rating changes and revised expectations for growth and margins. Analyst Commentary Recent Street research around D2L highlights a mix of optimism on the long term story and caution on nearer term execution, reflected in both the lower CA$15 target price and a rating downgrade from another firm.Narrative Update • Feb 13
DTOL: Share Repurchases And Higher Margin Outlook Will Support Future Upside
Analysts have trimmed their price target on D2L from about CA$21.58 to around CA$19.67. They point to updated assumptions for revenue growth, profit margins and a lower future P/E multiple as the key drivers of this change.
New Narrative • Feb 13
Long Term Upskilling And AI Adoption Will Support Stronger Prospects Here
Catalysts About D2L D2L provides a cloud based learning platform, Brightspace, along with tools such as Lumi that support education institutions and corporate learners. What are the underlying business or industry changes driving this perspective?Analysis Article • Jan 16
There's Been No Shortage Of Growth Recently For D2L's (TSE:DTOL) Returns On Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...Analysis Article • Dec 12
When Should You Buy D2L Inc. (TSE:DTOL)?
While D2L Inc. ( TSE:DTOL ) might not have the largest market cap around , it saw significant share price movement...Analysis Article • Oct 11
D2L Inc.'s (TSE:DTOL) Business Is Trailing The Industry But Its Shares Aren't
D2L Inc.'s ( TSE:DTOL ) price-to-sales (or "P/S") ratio of 3.2x may not look like an appealing investment opportunity...Narrative Update • Sep 13
AI-powered Platform Including Lumi Will Shape Markets Amid Uncertainties
Reflecting improvements in both future earnings expectations (Future P/E) and profitability (Net Profit Margin), D2L's consensus analyst price target has been notably raised from CA$19.10 to CA$21.58. What's in the News D2L completed its share buyback program, repurchasing 413,400 shares (0.76%) for $4.36 million.Analysis Article • Sep 12
Do D2L's (TSE:DTOL) Earnings Warrant Your Attention?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Jul 29
At CA$15.67, Is D2L Inc. (TSE:DTOL) Worth Looking At Closely?
While D2L Inc. ( TSE:DTOL ) might not have the largest market cap around , it led the TSX gainers with a relatively...Analysis Article • Jun 02
D2L (TSE:DTOL) Is Doing The Right Things To Multiply Its Share Price
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...Analysis Article • Apr 07
D2L Inc. (TSE:DTOL) Shares May Have Slumped 32% But Getting In Cheap Is Still Unlikely
The D2L Inc. ( TSE:DTOL ) share price has fared very poorly over the last month, falling by a substantial 32%. Looking...Analysis Article • Feb 22
Returns Are Gaining Momentum At D2L (TSE:DTOL)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
New Narrative • Feb 18
New AI Offerings Lumi And Creator+ Will Expand Global Market Reach
New product offerings and strategic AI integration are anticipated to enhance learning experiences, driving adoption and potential revenue growth.Analysis Article • Dec 06
Optimistic Investors Push D2L Inc. (TSE:DTOL) Shares Up 29% But Growth Is Lacking
Despite an already strong run, D2L Inc. ( TSE:DTOL ) shares have been powering on, with a gain of 29% in the last...Analysis Article • Jun 19
D2L Inc.'s (TSE:DTOL) Shares Climb 27% But Its Business Is Yet to Catch Up
D2L Inc. ( TSE:DTOL ) shareholders are no doubt pleased to see that the share price has bounced 27% in the last month...Analysis Article • Apr 26
Some Confidence Is Lacking In D2L Inc. (TSE:DTOL) As Shares Slide 26%
D2L Inc. ( TSE:DTOL ) shareholders that were waiting for something to happen have been dealt a blow with a 26% share...Analysis Article • Dec 08
There's Reason For Concern Over D2L Inc.'s (TSE:DTOL) Massive 45% Price Jump
D2L Inc. ( TSE:DTOL ) shareholders would be excited to see that the share price has had a great month, posting a 45...Shareholder Returns
| DTOL | CA Consumer Services | CA Market | |
|---|---|---|---|
| 7D | -7.4% | -6.4% | -0.6% |
| 1Y | -29.7% | -26.6% | 30.5% |
Return vs Industry: DTOL underperformed the Canadian Consumer Services industry which returned -26.6% over the past year.
Return vs Market: DTOL underperformed the Canadian Market which returned 30.5% over the past year.
Price Volatility
| DTOL volatility | |
|---|---|
| DTOL Average Weekly Movement | 9.1% |
| Consumer Services Industry Average Movement | 7.5% |
| Market Average Movement | 10.1% |
| 10% most volatile stocks in CA Market | 17.8% |
| 10% least volatile stocks in CA Market | 3.8% |
Stable Share Price: DTOL has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: DTOL's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1999 | 1,000 | John Baker | www.d2l.com |
D2L Inc. provides cloud-based learning software for higher education institutions, kindergarten to grade 12 schools and districts, and private sector enterprises in Canada, the United States, and internationally. The company provides personalized, flexible and modern learning experiences for people of all ages. It offers core cloud-based learning innovation platform, Brightspace, serves three distinct markets, such as kindergarten to grade 12 schools (K-12), higher education, and corporate markets.
D2L Inc. Fundamentals Summary
| DTOL fundamental statistics | |
|---|---|
| Market cap | CA$509.61m |
| Earnings (TTM) | CA$12.50m |
| Revenue (TTM) | CA$303.22m |
40.8x
P/E Ratio1.7x
P/S RatioIs DTOL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| DTOL income statement (TTM) | |
|---|---|
| Revenue | US$217.47m |
| Cost of Revenue | US$68.54m |
| Gross Profit | US$148.93m |
| Other Expenses | US$139.97m |
| Earnings | US$8.96m |
Last Reported Earnings
Jan 31, 2026
Next Earnings Date
Jun 09, 2026
| Earnings per share (EPS) | 0.16 |
| Gross Margin | 68.48% |
| Net Profit Margin | 4.12% |
| Debt/Equity Ratio | 0% |
How did DTOL perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/08 20:10 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/01/31 |
| Annual Earnings | 2026/01/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
D2L Inc. is covered by 13 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gavin Fairweather | ATB Cormark |
| Thanos Moschopoulos | BMO Capital Markets Equity Research |
| Douglas Taylor | Canaccord Genuity |