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Spin Master

TSX:TOY
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TOY
TSX
CA$4B
Market Cap
  1. Home
  2. CA
  3. Consumer Durables
Company description

Spin Master Corp., a children’s entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. The last earnings update was 49 days ago. More info.


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TOY Share Price and Events
7 Day Returns
-3.5%
TSX:TOY
-4.2%
CA Leisure
0.7%
CA Market
1 Year Returns
-33.8%
TSX:TOY
-15.3%
CA Leisure
-1.2%
CA Market
TOY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Spin Master (TOY) -3.5% -8.2% 2.2% -33.8% 46.9% -
CA Leisure -4.2% -8.8% 5.5% -15.3% -5.5% -10.6%
CA Market 0.7% 1.1% 0.9% -1.2% 14.1% 1.6%
1 Year Return vs Industry and Market
  • TOY underperformed the Leisure industry which returned -15.3% over the past year.
  • TOY underperformed the Market in Canada which returned -1.2% over the past year.
Price Volatility
TOY
Industry
5yr Volatility vs Market
Related Companies

TOY Value

 Is Spin Master undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Spin Master to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Spin Master.

TSX:TOY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:TOY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Leisure Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.939 (1 + (1- 26.5%) (2.72%))
0.972
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.972 * 5.96%)
7.74%

Discounted Cash Flow Calculation for TSX:TOY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Spin Master is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:TOY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.74%)
2019 125.38 Analyst x4 116.37
2020 163.83 Analyst x4 141.13
2021 161.22 Est @ -1.59% 128.91
2022 160.36 Est @ -0.53% 119.01
2023 160.70 Est @ 0.21% 110.69
2024 161.88 Est @ 0.73% 103.50
2025 163.65 Est @ 1.1% 97.11
2026 165.87 Est @ 1.35% 91.36
2027 168.41 Est @ 1.53% 86.09
2028 171.19 Est @ 1.66% 81.23
Present value of next 10 years cash flows $1,075.39
TSX:TOY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $171.19 × (1 + 1.95%) ÷ (7.74% – 1.95%)
$3,012.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,012.58 ÷ (1 + 7.74%)10
$1,429.41
TSX:TOY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,075.39 + $1,429.41
$2,504.81
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,504.81 / 102.16
$24.52
TSX:TOY Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:TOY)
1.317
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $24.52 x 1.317
CA$32.28
Value per share (CAD) From above. CA$32.28
Current discount Discount to share price of CA$38.49
= -1 x (CA$38.49 - CA$32.28) / CA$32.28
-19.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Spin Master is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Spin Master's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Spin Master's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:TOY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.23
TSX:TOY Share Price ** TSX (2019-06-25) in CAD CA$38.49
TSX:TOY Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.76 $29.23
North America Leisure Industry PE Ratio Median Figure of 16 Publicly-Listed Leisure Companies 19.66x
Canada Market PE Ratio Median Figure of 543 Publicly-Listed Companies 15.12x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Spin Master.

TSX:TOY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TOY Share Price ÷ EPS (both in USD)

= 29.23 ÷ 1.23

23.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Spin Master is overvalued based on earnings compared to the North America Leisure industry average.
  • Spin Master is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Spin Master's expected growth come at a high price?
Raw Data
TSX:TOY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
23.1%per year
North America Leisure Industry PEG Ratio Median Figure of 13 Publicly-Listed Leisure Companies 1.64x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

TSX:TOY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.74x ÷ 23.1%

1.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Spin Master is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Spin Master's assets?
Raw Data
TSX:TOY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $6.45
TSX:TOY Share Price * TSX (2019-06-25) in CAD CA$38.49
TSX:TOY Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.76 $29.23
Canada Leisure Industry PB Ratio Median Figure of 5 Publicly-Listed Leisure Companies 3.81x
Canada Market PB Ratio Median Figure of 2,426 Publicly-Listed Companies 1.45x
TSX:TOY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TOY Share Price ÷ Book Value per Share (both in USD)

= 29.23 ÷ 6.45

4.53x

* Primary Listing of Spin Master.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Spin Master is overvalued based on assets compared to the CA Leisure industry average.
X
Value checks
We assess Spin Master's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. Spin Master has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TOY Future Performance

 How is Spin Master expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Spin Master expected to grow at an attractive rate?
  • Spin Master's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Spin Master's earnings growth is expected to exceed the Canada market average.
  • Spin Master's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:TOY Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:TOY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 23.1%
TSX:TOY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 5.9%
North America Leisure Industry Earnings Growth Rate Market Cap Weighted Average 28.6%
North America Leisure Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:TOY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:TOY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1,908 1
2020-12-31 1,752 233 188 9
2019-12-31 1,662 170 151 10
TSX:TOY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,585 176 125
2018-12-31 1,632 193 155
2018-09-30 1,658 231 164
2018-06-30 1,644 238 164
2018-03-31 1,609 254 160
2017-12-31 1,551 267 161
2017-09-30 1,449 220 144
2017-06-30 1,318 135 118
2017-03-31 1,220 94 100
2016-12-31 1,154 73 100
2016-09-30 1,074 76 84
2016-06-30 986 102 49

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Spin Master's earnings are expected to grow significantly at over 20% yearly.
  • Spin Master's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:TOY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Spin Master Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TOY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1.83 1.90 1.75 2.00
2019-12-31 1.47 1.51 1.42 2.00
TSX:TOY Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.23
2018-12-31 1.52
2018-09-30 1.61
2018-06-30 1.62
2018-03-31 1.57
2017-12-31 1.58
2017-09-30 1.41
2017-06-30 1.16
2017-03-31 0.98
2016-12-31 0.99
2016-09-30 0.83
2016-06-30 0.50

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Spin Master will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Spin Master's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Spin Master has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TOY Past Performance

  How has Spin Master performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Spin Master's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Spin Master has delivered over 20% year on year earnings growth in the past 5 years.
  • Spin Master's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Spin Master's 1-year earnings growth is negative, it can't be compared to the North America Leisure industry average.
Earnings and Revenue History
Spin Master's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Spin Master Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TOY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,584.86 125.30 612.61
2018-12-31 1,631.54 154.90 605.12
2018-09-30 1,658.06 163.54 604.72
2018-06-30 1,644.18 164.48 607.80
2018-03-31 1,609.28 159.68 589.04
2017-12-31 1,551.32 161.07 566.73
2017-09-30 1,448.84 143.75 531.39
2017-06-30 1,317.76 118.18 495.11
2017-03-31 1,220.46 99.67 464.45
2016-12-31 1,154.45 99.52 441.32
2016-09-30 1,074.49 83.53 416.15
2016-06-30 986.30 49.06 423.98
2016-03-31 934.64 51.77 397.31
2015-12-31 879.41 43.21 376.17
2015-09-30 858.60 61.16 345.00
2015-06-30 765.58 58.45 282.07
2015-03-31 744.42 54.12 275.98
2014-12-31 715.65 51.90 263.99
2013-12-31 507.51 15.87 215.36
2012-12-31 417.69 -32.79 234.28

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Spin Master has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Spin Master used its assets more efficiently than the North America Leisure industry average last year based on Return on Assets.
  • Spin Master's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Spin Master's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Spin Master has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TOY Health

 How is Spin Master's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Spin Master's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Spin Master is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Spin Master's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Spin Master's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Spin Master has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Spin Master Company Filings, last reported 2 months ago.

TSX:TOY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 656.99 0.00 113.84
2018-12-31 662.47 0.00 143.52
2018-09-30 672.88 0.00 95.38
2018-06-30 533.42 33.63 35.67
2018-03-31 510.22 28.41 132.91
2017-12-31 500.08 0.53 117.26
2017-09-30 476.20 44.32 49.91
2017-06-30 363.23 113.82 56.90
2017-03-31 337.81 143.71 94.97
2016-12-31 325.68 158.15 99.42
2016-09-30 320.63 163.49 49.53
2016-06-30 233.96 93.24 53.66
2016-03-31 175.40 76.79 54.94
2015-12-31 156.32 50.31 45.71
2015-09-30 163.76 55.18 55.58
2015-06-30 -47.87 244.24 22.92
2015-03-31 -52.28 256.15 49.67
2014-12-31 -66.23 258.62 101.29
2013-12-31 -144.75 304.73 26.46
2012-12-31 -177.54 342.87 17.58
  • Spin Master has no debt.
  • Spin Master currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Spin Master has no debt, it does not need to be covered by operating cash flow.
  • Spin Master has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Spin Master's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Spin Master has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TOY Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Spin Master dividends.
If you bought CA$2,000 of Spin Master shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Spin Master's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Spin Master's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:TOY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
North America Leisure Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:TOY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Spin Master has not reported any payouts.
  • Unable to verify if Spin Master's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Spin Master's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Spin Master has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Spin Master's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Spin Master afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Spin Master has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TOY Management

 What is the CEO of Spin Master's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ronnen Harary
COMPENSATION $1,072,098
AGE 47
CEO Bio

Mr. Ronnen Harary is a Co-Founder, Chairman & Co-Chief Executive Officer of Spin Master Corp. Mr. Harary co-founded Spin Master Ltd., in 1994 and serves as its Chairman of the Board and Co-Chief Executive Officer. Mr. Harary served as Chief Executive Officer of Spin Master Ltd. Since its inception, He has played a key role in the companies operations and product development. He was instrumental in establishing Spin Master's operations in Asia, building an office of over 180 people and establishing manufacturing and R&D facilities in China. He continues to play a key role in product development and is actively involved in product selection, working with a number of inventors and designers all over the world to create and source product ideas. Mr. Harary was responsible for establishing Spin Master as a world class licensing partner. While he is no longer involved in the day to day aspects of this area of the business, he continues to manage and build key relationship with licensing partners all over the world. He has been a Director at Spin Master Corp since 2015. Mr. Harary has built a solid business from the ground up. His passion, discipline and success have led him and Spin Master to be recognized amongst Canada's 50 Best Managed Companies, Report on Business Top 40 under 40 and a recipient of Ernst & Young's Entrepreneur of the Year awards in 1999. He has been affiliated with the University of Toronto's Rotman School of Business for which he regularly participates in entrepreneurial forums and seminars. Mr. Harary is on the board of directors for Futurpreneur Canada (formerly Canadian Youth Business Foundation), a national non-profit organization that provides financing, mentoring and support tools to aspiring business owners, a member of the Young President Organization, a global peer network of chief executives and business leaders and a member of the Milken Institute Young Leaders Circle, a non-profit, nonpartisan think tank. Mr. Harary earned a BA in Political Science from the University of Western Ontario in 1994.

CEO Compensation
  • Ronnen's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ronnen's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Spin Master management team in years:

6.4
Average Tenure
49.5
Average Age
  • The average tenure for the Spin Master management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ronnen Harary

TITLE
Co-Founder
COMPENSATION
$1M
AGE
47

Anton Rabie

TITLE
Co-Founder
COMPENSATION
$1M
AGE
47

Ben Gadbois

TITLE
Global President
COMPENSATION
$3M
AGE
47
TENURE
6.8 yrs

Mark Segal

TITLE
CFO & Executive VP
COMPENSATION
$907K
AGE
54
TENURE
4.3 yrs

Bill Hess

TITLE
Chief Information Officer & Executive VP of Operations
COMPENSATION
$917K
AGE
51
TENURE
6 yrs

Ben Varadi

TITLE
Chief Creative Officer
COMPENSATION
$2M
AGE
48

Christopher Harrs

TITLE
Executive VP
AGE
56
TENURE
15.4 yrs

Tara Tucker

TITLE
Vice President of Global Marketing Communications

Chris Beardall

TITLE
Executive Vice President of Global Sales
AGE
57
TENURE
10.4 yrs

Laura Henderson

TITLE
Executive Vice President of Marketing & Ecommerce
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Spin Master board of directors in years:

4.4
Average Tenure
51.5
Average Age
  • The tenure for the Spin Master board of directors is about average.
Board of Directors

Ronnen Harary

TITLE
Co-Founder
COMPENSATION
$1M
AGE
47

Anton Rabie

TITLE
Co-Founder
COMPENSATION
$1M
AGE
47
TENURE
4.4 yrs

Ben Gadbois

TITLE
Global President
COMPENSATION
$3M
AGE
47
TENURE
4.4 yrs

Ben Varadi

TITLE
Chief Creative Officer
COMPENSATION
$2M
AGE
48
TENURE
4.4 yrs

Dina Howell

TITLE
Independent Director
COMPENSATION
$135K
AGE
55
TENURE
3.9 yrs

Todd Tappin

TITLE
Director
COMPENSATION
$140K
AGE
56
TENURE
4.4 yrs

Chuck Winograd

TITLE
Lead Director
COMPENSATION
$154K
AGE
70
TENURE
1.1 yrs

Jeffrey Cohen

TITLE
Director
COMPENSATION
$63K
AGE
59
TENURE
4.4 yrs
Who owns this company?
Recent Insider Trading
  • Spin Master individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
10. Apr 19 Sell Nancy Zwiers Individual 05. Apr 19 05. Apr 19 -7,596 CA$37.75 CA$-286,749
10. Apr 19 Sell Chi Wah Yuen Individual 05. Apr 19 05. Apr 19 -4,875 CA$37.75 CA$-184,031
10. Apr 19 Sell Adam Beder Individual 05. Apr 19 05. Apr 19 -2,612 CA$37.75 CA$-98,603
10. Apr 19 Sell William Hess Individual 05. Apr 19 05. Apr 19 -31,284 CA$37.75 CA$-1,180,971
10. Apr 19 Sell Christopher Harrs Individual 05. Apr 19 05. Apr 19 -5,127 CA$37.75 CA$-193,544
10. Apr 19 Sell Ben Varadi Individual 05. Apr 19 05. Apr 19 -13,058 CA$37.75 CA$-492,940
10. Apr 19 Sell Benoit Gadbois Individual 05. Apr 19 05. Apr 19 -20,519 CA$37.75 CA$-774,592
10. Apr 19 Sell Christopher Beardall Individual 05. Apr 19 05. Apr 19 -3,482 CA$37.75 CA$-131,446
10. Apr 19 Sell Mark Segal Individual 05. Apr 19 05. Apr 19 -9,054 CA$37.75 CA$-341,789
10. Apr 19 Sell Ronnen Harary Individual 05. Apr 19 05. Apr 19 -13,058 CA$37.75 CA$-492,940
10. Apr 19 Sell Anton Rabie Individual 05. Apr 19 05. Apr 19 -13,058 CA$37.75 CA$-492,940
01. Oct 18 Sell Christopher Harrs Individual 28. Sep 18 28. Sep 18 -21,900 CA$53.40 CA$-1,169,543
15. Aug 18 Sell Chi Wah Yuen Individual 15. Aug 18 15. Aug 18 -55,403 CA$53.40 CA$-2,958,520
15. Aug 18 Sell Adam Beder Individual 15. Aug 18 15. Aug 18 -50,000 CA$53.40 CA$-2,670,000
15. Aug 18 Sell William Hess Individual 15. Aug 18 15. Aug 18 -45,459 CA$53.40 CA$-2,427,511
15. Aug 18 Sell Benoit Gadbois Individual 15. Aug 18 15. Aug 18 -282,774 CA$53.40 CA$-15,100,131
15. Aug 18 Sell Christopher Beardall Individual 15. Aug 18 15. Aug 18 -78,132 CA$53.40 CA$-4,172,249
15. Aug 18 Sell Mark Segal Individual 15. Aug 18 15. Aug 18 -51,141 CA$53.40 CA$-2,730,929
11. Jul 18 Sell Chi Wah Yuen Individual 29. Jun 18 29. Jun 18 -12,000 CA$58.40 CA$-700,765
03. Jul 18 Sell Adam Beder Individual 29. Jun 18 29. Jun 18 -25,000 CA$58.51 CA$-1,462,775
X
Management checks
We assess Spin Master's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Spin Master has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TOY News

Simply Wall St News

Is Now The Time To Look At Buying Spin Master Corp. (TSE:TOY)?

Let’s take a look at Spin Master’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … What does the future of Spin Master look like? … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

Estimating The Intrinsic Value Of Spin Master Corp. (TSE:TOY)

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $126.28 $155.60 $176.90 $192.90 $201.10 $208.14 $214.45 $220.26 $225.72 $230.96 Growth Rate Estimate Source Analyst x4 Analyst x4 Analyst x1 Analyst x1 Analyst x1 Est @ 3.5% Est @ 3.03% Est @ 2.71% Est @ 2.48% Est @ 2.32% Present Value ($, Millions) Discounted @ 7.71% $117.23 $134.11 $141.55 $143.30 $138.69 $133.27 $127.48 $121.55 $115.65 $109.86 Present Value of 10-year Cash Flow (PVCF)= $1.28b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.7%. … TSX:TOY Intrinsic value, June 10th 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

It's Time To Buy Spin Master Corp. (TSE:TOY)

Looking at its size, financial health and track record, I believe there's an opportunity with Spin Master during these volatile times. … This continuous market outperformance demonstrates a strong track record of delivering robust returns over many years, raising my confidence in Spin Master as a long-term hold. … Spin Master tick the boxes in terms of its scale, financial health and proven track record, but there are a few other things I have yet to consider.

Simply Wall St -

Should You Be Worried About Insider Transactions At Spin Master Corp. (TSE:TOY)?

So shareholders might well want to know whether insiders have been buying or selling shares in Spin Master Corp. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … In the last twelve months, the biggest single sale by an insider was when the Global President, Benoit Gadbois, sold CA$15m worth of shares at a price of CA$53.40 per share

Simply Wall St -

Why Spin Master Corp. (TSE:TOY) Is A Buy When Markets Go Down

Longstanding stocks such as Spin Master Corp. … Check out our latest analysis for Spin Master. … Spin Master Corp., a children’s entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally

Simply Wall St -

Is Spin Master Corp. (TSE:TOY) As Strong As Its Balance Sheet Indicates?

This article will examine TOY’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further. … View our latest analysis for Spin Master

Simply Wall St -

Is Spin Master Corp.'s (TSE:TOY) CEO Paid At A Competitive Rate?

How Does Ronnen Harary's Compensation Compare With Similar Sized Companies. … has a market cap of CA$3.8b, and is paying total annual CEO compensation of US$1.2m. … We looked at a group of companies with market capitalizations from US$2.0b to US$6.4b, and the median CEO total compensation was US$2.9m.

Simply Wall St -

The Spin Master (TSE:TOY) Share Price Has Gained 71% And Shareholders Are Hoping For More

In fact, the company's share price bested the return of its market index in that time, posting a gain of 71%. … During three years of share price growth, Spin Master achieved compound earnings per share growth of 47% per year. … This EPS growth is higher than the 20% average annual increase in the share price.

Simply Wall St -

Spin Master Corp. (TSE:TOY) Earns Among The Best Returns In Its Industry

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Could Spin Master Corp.'s (TSE:TOY) Investor Composition Influence The Stock Price?

Generally speaking, as a company grows, institutions will increase their ownership. … Our analysis of the ownership of the company, below, shows that. … View our latest analysis for Spin Master

Simply Wall St -

TOY Company Info

Description

Spin Master Corp., a children’s entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. The company sells toys and related products to retail customers and distributors, as well as online. The company was formerly known as SML Investments Inc. Spin Master Corp. was founded in 1994 and is headquartered in Toronto, Canada.

Details
Name: Spin Master Corp.
TOY
Exchange: TSX
Founded: 1994
CA$3,932,256,448
102,163,067
Website: http://www.spinmaster.com
Address: Spin Master Corp.
225 King Street West,
Suite 200,
Toronto,
Ontario, M5V 3M2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TOY Subordinate Voting Shares The Toronto Stock Exchange CA CAD 30. Jul 2015
OTCPK SNMS.F Subordinate Voting Shares Pink Sheets LLC US USD 30. Jul 2015
DB SP9 Subordinate Voting Shares Deutsche Boerse AG DE EUR 30. Jul 2015
Number of employees
Current staff
Staff numbers
1,881
Spin Master employees.
Industry
Leisure Products
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 01:14
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/06/11
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.