Spin Master Corp.

TSX:TOY Stock Report

Market Cap: CA$3.5b

Spin Master Valuation

Is TOY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TOY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TOY (CA$33.77) is trading below our estimate of fair value (CA$58.81)

Significantly Below Fair Value: TOY is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TOY?

Key metric: As TOY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TOY. This is calculated by dividing TOY's market cap by their current earnings.
What is TOY's PE Ratio?
PE Ratio78.5x
EarningsUS$30.70m
Market CapUS$2.41b

Price to Earnings Ratio vs Peers

How does TOY's PE Ratio compare to its peers?

The above table shows the PE ratio for TOY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average54.6x
DOO BRP
23.7x30.4%CA$5.3b
GOOS Canada Goose Holdings
21.8x-4.5%CA$1.4b
GIL Gildan Activewear
17x10.8%CA$10.4b
002292 Alpha Group
155.9xn/aCN¥13.0b
TOY Spin Master
78.1x22.8%CA$3.5b

Price-To-Earnings vs Peers: TOY is expensive based on its Price-To-Earnings Ratio (78.1x) compared to the peer average (54.6x).

Price to Earnings Ratio vs Industry

How does TOY's PE Ratio compare vs other companies in the Global Leisure Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TOY 78.5xIndustry Avg. 18.5xNo. of Companies14PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TOY is expensive based on its Price-To-Earnings Ratio (78.1x) compared to the Global Leisure industry average (18.5x).

Price to Earnings Ratio vs Fair Ratio

What is TOY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TOY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio78.5x
Fair PE Ratio24.2x

Price-To-Earnings vs Fair Ratio: TOY is expensive based on its Price-To-Earnings Ratio (78.1x) compared to the estimated Fair Price-To-Earnings Ratio (24.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TOY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$33.87
CA$42.82
+26.4%
9.1%CA$46.71CA$35.38n/a8
Dec ’25CA$32.62
CA$42.65
+30.7%
9.1%CA$46.43CA$35.17n/a8
Nov ’25CA$30.74
CA$42.32
+37.7%
8.9%CA$46.07CA$35.05n/a8
Oct ’25CA$31.00
CA$41.40
+33.5%
10.3%CA$46.08CA$34.19n/a8
Sep ’25CA$32.29
CA$41.93
+29.9%
10.4%CA$46.78CA$34.83n/a8
Aug ’25CA$32.00
CA$42.35
+32.3%
10.4%CA$47.20CA$35.15n/a8
Jul ’25CA$28.19
CA$41.95
+48.8%
10.9%CA$45.90CA$34.92n/a9
Jun ’25CA$29.06
CA$41.92
+44.3%
10.9%CA$45.86CA$34.90n/a9
May ’25CA$30.34
CA$45.61
+50.3%
9.1%CA$50.72CA$39.78n/a9
Apr ’25CA$34.57
CA$45.79
+32.5%
8.9%CA$51.15CA$40.11n/a9
Mar ’25CA$32.46
CA$46.08
+42.0%
9.3%CA$50.95CA$39.96n/a9
Feb ’25CA$35.41
CA$48.11
+35.9%
7.6%CA$53.17CA$41.42n/a9
Jan ’25CA$34.86
CA$48.87
+40.2%
6.1%CA$52.71CA$42.39CA$33.878
Dec ’24CA$33.67
CA$49.50
+47.0%
6.0%CA$53.48CA$43.02CA$32.628
Nov ’24CA$32.98
CA$52.12
+58.0%
8.2%CA$61.51CA$46.11CA$30.748
Oct ’24CA$34.15
CA$49.64
+45.4%
5.5%CA$55.16CA$44.07CA$31.009
Sep ’24CA$36.86
CA$49.83
+35.2%
5.1%CA$55.00CA$44.86CA$32.299
Aug ’24CA$34.96
CA$48.29
+38.1%
4.7%CA$52.63CA$44.19CA$32.009
Jul ’24CA$35.05
CA$47.65
+35.9%
5.2%CA$52.67CA$42.92CA$28.199
Jun ’24CA$34.00
CA$49.01
+44.1%
6.0%CA$54.16CA$43.63CA$29.0610
May ’24CA$38.92
CA$47.89
+23.0%
8.0%CA$54.05CA$41.84CA$30.3410
Apr ’24CA$37.57
CA$47.35
+26.0%
8.5%CA$53.97CA$41.23CA$34.5710
Mar ’24CA$36.61
CA$48.29
+31.9%
11.1%CA$59.83CA$41.60CA$32.4610
Feb ’24CA$34.91
CA$47.11
+34.9%
11.2%CA$58.37CA$39.82CA$35.4110
Jan ’24CA$33.32
CA$48.14
+44.5%
11.7%CA$59.60CA$40.65CA$34.8610

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 20:30
End of Day Share Price 2024/12/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

Spin Master Corp. is covered by 17 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gerrick JohnsonBMO Capital Markets Equity Research
Luke HannanCanaccord Genuity
John ZamparoCIBC Capital Markets