New Risk • Apr 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 50% Last year net profit margin: 132% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$4.97m market cap, or US$3.63m). Minor Risks Profit margins are more than 30% lower than last year (50% net profit margin). Revenue is less than US$5m (CA$1.7m revenue, or US$1.2m). お知らせ • Mar 24
FP Newspapers Inc., Annual General Meeting, Jun 03, 2026 FP Newspapers Inc., Annual General Meeting, Jun 03, 2026. New Risk • Feb 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$5.04m market cap, or US$3.69m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (CA$1.7m revenue, or US$1.3m). Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Tom Bryk was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (32% accrual ratio). Revenue is less than US$1m (CA$1.3m revenue, or US$941k). Market cap is less than US$10m (CA$3.45m market cap, or US$2.49m). お知らせ • Mar 18
FP Newspapers Inc., Annual General Meeting, May 28, 2025 FP Newspapers Inc., Annual General Meeting, May 28, 2025. New Risk • Aug 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (23% accrual ratio). Revenue is less than US$1m (CA$1.1m revenue, or US$784k). Market cap is less than US$10m (CA$3.45m market cap, or US$2.55m). お知らせ • Apr 27
FP Newspapers Inc. Announces CEO Changes FP Newspapers Inc. announced the return of Mike Power to the helm as Chief Executive Officer effective May 21, 2024. A veteran in the media industry, Mike Power previously served as President and CEO of the company until November 2023, leaving a mark on its growth and direction. With a career that spans decades, Mike Power is known for his strategic and innovative thinking, and unwavering commitment to journalistic integrity. During his previous tenure, he spearheaded transformative initiatives solidifying FPI as the trusted source of news and information in Manitoba and beyond its borders. Darren Murphy will remain with FPI through a transition period. お知らせ • Mar 19
FP Newspapers Inc., Annual General Meeting, May 29, 2024 FP Newspapers Inc., Annual General Meeting, May 29, 2024. New Risk • Nov 25
New major risk - Revenue and earnings growth Earnings have declined by 8.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 8.7% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.49m market cap, or US$3.29m). お知らせ • Nov 24
FP Newspapers Inc Appoints Patrick Burns to the Board of Directors FP Newspapers Inc. announced that Patrick Burns has been appointed Secretary to the Board of Directors. お知らせ • Aug 24
FP Newspapers Inc. Announces Appointment of Tom Bryk as Director, Effective September 1, 2023 FP Newspapers Inc. announced that Tom Bryk was appointed as director and his duties will commence September 1, 2023. お知らせ • Nov 29
FP Newspapers Inc. Announces CFO Changes FP NEWSPAPERS INC. announced that Ryan Kolaski, Vice-President of Finance and Administration, has left the company effective immediately. The company will be conducting a search for a Chief Financial Officer. In the interim, Brent Leung, Director of Finance, will take on CFO responsibilities. お知らせ • Nov 24
FP Newspapers Inc. Appoints Daniel Friedman as Director FP Newspapers Inc. announced that Daniel Friedman was appointed as director effective November 23, 2022. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CA$1.01, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 7x in the Media industry in Canada. Total returns to shareholders of 216% over the past three years. お知らせ • Jul 30
FP Newspapers Inc. Announces Resignation of Phil De Montmollin as Director Effective July 31, 2022 FP NEWSPAPERS INC. announced that Phil de Montmollin has resigned as director effective July 31, 2022. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improved over the past week After last week's 18% share price gain to CA$1.50, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 12x in the Media industry in Canada. Total returns to shareholders of 1,400% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 20% share price gain to CA$1.39, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 11x in the Media industry in Canada. Total returns to shareholders of 1,444% over the past three years. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improved over the past week After last week's 16% share price gain to CA$1.35, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 12x in the Media industry in Canada. Total returns to shareholders of 1,250% over the past three years. お知らせ • Mar 19
FP Newspapers Inc., Annual General Meeting, May 26, 2021 FP Newspapers Inc., Annual General Meeting, May 26, 2021. Is New 90 Day High Low • Feb 27
New 90-day high: CA$0.77 The company is up 54% from its price of CA$0.50 on 27 November 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 5.0% over the same period. お知らせ • Oct 04
FP Newspapers Inc. Joins Ryan Kolaski as Chief Financial Officer FP Newspapers Inc. announced that Ryan Kolaski has joined the Company as Chief Financial Officer and Vice-President of Finance and Administration. Mr. Kolaski is a senior finance executive with 25 years of experience in corporate accounting and finance. Most recently he has been the Vice-President of Finance for Postmedia Network Inc. Mr. Kolaski has also held senior accounting and finance positions with a number of Canadian corporations, including Clearline Technologies, Kraus Canada LP and Canadian Advanced ESP Inc. お知らせ • Oct 02
FP Newspapers Inc. Appoints Ryan Kolaski as Vice-President of Finance and Administration, Effective from October 5, 2020 FP Newspapers Inc. announced that Ryan Kolaski has joined the Company as Vice-President of Finance and Administration. Mr. Kolaski is a senior finance executive with 25 years of experience in corporate accounting and finance. Most recently he has been the Vice-President of Finance for Postmedia Network Inc. Mr. Kolaski has also held senior accounting and finance positions with a number of Canadian corporations, including Clearline Technologies, Kraus Canada LP and Canadian Advanced ESP Inc. Kolaski will take up his position in Winnipeg on October 5, 2020.