Spin Master (TSX:TOY) - Share price, News & Analysis

TOY fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

TOY Stock Overview

Rewards

Trading at 37.2% below our estimate of its fair value

Earnings are forecast to grow 4.13% per year

Earnings grew by 219.6% over the past year

Risk Analysis

No risks detected for TOY from our risk checks.

Spin Master Competitors

Hasbro

NasdaqGS:HAS

US$12.7b

Mattel

NasdaqGS:MAT

US$8.7b

Vtech Holdings

SEHK:303

HK$13.5b

Nazara Technologies

BSE:543280

₹39.3b

Price History & Performance

Summary of all time highs, changes and price drops for Spin Master
Historical stock prices
Current Share Price	CA$44.82
52 Week High	CA$54.18
52 Week Low	CA$37.88
Beta	2.21
1 Month Change	-5.40%
3 Month Change	0.022%
1 Year Change	9.42%
3 Year Change	3.27%
5 Year Change	16.11%
Change since IPO	148.31%

Recent News & Updates

May 15

Be Wary Of Spin Master (TSE:TOY) And Its Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...

May 02

Spin Master Corp. (TSE:TOY) Shares Could Be 34% Below Their Intrinsic Value Estimate

How far off is Spin Master Corp. ( TSE:TOY ) from its intrinsic value? Using the most recent financial data, we'll take...

Shareholder Returns

	TOY	CA Leisure	CA Market
7D	6.3%	6.5%	2.7%
1Y	9.4%	-41.8%	4.6%

Return vs Industry: TOY exceeded the Canadian Leisure industry which returned -39.9% over the past year.

Return vs Market: TOY exceeded the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is TOY's price volatile compared to industry and market?
TOY volatility
TOY Average Weekly Movement	6.6%
Leisure Industry Average Movement	7.7%
Market Average Movement	9.8%
10% most volatile stocks in CA Market	16.8%
10% least volatile stocks in CA Market	4.3%

Stable Share Price: TOY is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TOY's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1994	2,000	Max Rangel	https://www.spinmaster.com

Spin Master Corp., a children’s entertainment company, creates, designs, manufactures, licenses, and markets various toys, entertainment franchises, and digital games in North America, Europe, and internationally. Its product categories include activities, games and puzzles, and plush; preschool, dolls, and interactive; wheels and action; and outdoor. The company offers its products under the PAW Patrol, Bakugan, Kinetic Sand, Air Hogs, Hatchimals, Rubik's Cube, GUND, Toca Boca, Sago Mini, Etch A Sketch, Meccano, and Orbeez brands.

Spin Master Fundamentals Summary

How do Spin Master's earnings and revenue compare to its market cap?
TOY fundamental statistics
Market Cap	US$3.68b
Earnings (TTM)	US$241.00m
Revenue (TTM)	US$2.15b

14.9x

P/E Ratio

1.7x

P/S Ratio

Is TOY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TOY income statement (TTM)
Revenue	US$2.15b
Cost of Revenue	US$1.01b
Gross Profit	US$1.14b
Other Expenses	US$895.50m
Earnings	US$241.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	2.34
Gross Margin	52.86%
Net Profit Margin	11.21%
Debt/Equity Ratio	0%

How did TOY perform over the long term?

See historical performance and comparison

Valuation

Is Spin Master undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

37.2%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: TOY (CA$44.82) is trading below our estimate of fair value (CA$71.38)

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

Price To Earnings Ratio

PE vs Industry: TOY is poor value based on its PE Ratio (14.9x) compared to the North American Leisure industry average (10.6x).

PE vs Market: TOY is poor value based on its PE Ratio (14.9x) compared to the Canadian market (11.6x).

Price to Earnings Growth Ratio

PEG Ratio: TOY is poor value based on its PEG Ratio (3.6x)

Price to Book Ratio

PB vs Industry: TOY is overvalued based on its PB Ratio (3.2x) compared to the XN Leisure industry average (2.6x).

Future Growth

How is Spin Master forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

4.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TOY's forecast earnings growth (4.1% per year) is above the savings rate (1.6%).

Earnings vs Market: TOY's earnings (4.1% per year) are forecast to grow slower than the Canadian market (7.4% per year).

High Growth Earnings: TOY's earnings are forecast to grow, but not significantly.

Revenue vs Market: TOY's revenue (5.5% per year) is forecast to grow slower than the Canadian market (6.4% per year).

High Growth Revenue: TOY's revenue (5.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TOY's Return on Equity is forecast to be low in 3 years time (16.5%).

Past Performance

How has Spin Master performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-0.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TOY has high quality earnings.

Growing Profit Margin: TOY's current net profit margins (11.2%) are higher than last year (4.5%).

Past Earnings Growth Analysis

Earnings Trend: TOY's earnings have declined by 0.3% per year over the past 5 years.

Accelerating Growth: TOY's earnings growth over the past year (219.6%) exceeds its 5-year average (-0.3% per year).

Earnings vs Industry: TOY earnings growth over the past year (219.6%) exceeded the Leisure industry 35.9%.

Return on Equity

High ROE: TOY's Return on Equity (21.8%) is considered high.

Financial Health

How is Spin Master's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: TOY's short term assets ($986.3M) exceed its short term liabilities ($369.1M).

Long Term Liabilities: TOY's short term assets ($986.3M) exceed its long term liabilities ($127.9M).

Debt to Equity History and Analysis

Debt Level: TOY is debt free.

Reducing Debt: TOY has no debt compared to 5 years ago when its debt to equity ratio was 42.4%.

Debt Coverage: TOY has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TOY has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Spin Master current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.57%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate TOY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TOY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TOY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TOY's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TOY has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure

CEO

Max Rangel (52 yo)

1.33yrs

Tenure

US$9,886,155

Compensation

Mr. Max Rangel is Director at Spin Master Corp. since May 6, 2021. He has been Chief Executive Officer and Global President at Spin Master Corp. since April 2021 and January 2021 respectively. Previously,...

CEO Compensation Analysis

Compensation vs Market: Max's total compensation ($USD9.89M) is above average for companies of similar size in the Canadian market ($USD3.42M).

Compensation vs Earnings: Insufficient data to compare Max's compensation with company performance.

Leadership Team

Experienced Management: TOY's management team is considered experienced (2.7 years average tenure).

Board Members

Experienced Board: TOY's board of directors are considered experienced (6.8 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/19 00:00
End of Day Share Price	2022/05/19 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31