TSX:TWC

Stock Analysis Report

Executive Summary

TWC Enterprises Limited owns, operates, and manages golf clubs under the ClubLink One Membership More Golf trademark in Canada and the United States.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

Risks

  • TWC Enterprises is not covered by any analysts.

Share Price & News

How has TWC Enterprises's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.2%

TWC

-1.3%

CA Hospitality

1.3%

CA Market


1 Year Return

13.0%

TWC

-18.9%

CA Hospitality

-0.1%

CA Market

TWC outperformed the Hospitality industry which returned -18.9% over the past year.

TWC outperformed the Market in Canada which returned -0.1% over the past year.


Share holder returns

TWCIndustryMarket
7 Day5.2%-1.3%1.3%
30 Day5.5%5.7%4.2%
90 Day-4.6%-4.2%1.6%
1 Year13.6%13.0%-18.3%-18.9%3.4%-0.1%
3 Year38.7%36.0%20.2%17.0%19.1%8.4%
5 Year30.9%25.2%-2.1%-4.9%23.2%5.7%

Price Volatility Vs. Market

How volatile is TWC Enterprises's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

75.49x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

TWC Enterprises's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

TWC Enterprises's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

TWC Enterprises is overvalued based on earnings compared to the CA Hospitality industry average.

TWC Enterprises is overvalued based on earnings compared to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for TWC Enterprises, we can't assess if its growth is good value.


Price Based on Value of Assets

TWC Enterprises is good value based on assets compared to the CA Hospitality industry average.


Next Steps

Future Growth

How is TWC Enterprises expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

30.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if TWC Enterprises is high growth as no revenue estimate data is available.

TWC Enterprises's earnings are expected to grow significantly at over 20% yearly.

Unable to compare TWC Enterprises's revenue growth to the Canada market average as no estimate data is available.

TWC Enterprises's earnings growth is expected to exceed the Canada market average.

TWC Enterprises's earnings growth is expected to exceed the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if TWC Enterprises will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has TWC Enterprises performed over the past 5 years?

-30.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

TWC Enterprises's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

TWC Enterprises has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

TWC Enterprises has become profitable in the last year making it difficult to compare the CA Hospitality industry average.


Return on Equity

TWC Enterprises has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

TWC Enterprises used its assets less efficiently than the CA Hospitality industry average last year based on Return on Assets.


Return on Capital Employed

TWC Enterprises's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is TWC Enterprises's financial position?


Financial Position Analysis

TWC Enterprises is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

TWC Enterprises's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

TWC Enterprises's level of debt (31.3%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (184.2% vs 31.3% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.8x debt.


Next Steps

Dividend

What is TWC Enterprises's current dividend yield, its reliability and sustainability?

0.58%

Current Dividend Yield


Dividend Yield and Payments Analysis

TWC Enterprises's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (1.95%).

TWC Enterprises's dividend is below the markets top 25% of dividend payers in Canada (5.77%).

TWC Enterprises is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.

TWC Enterprises is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of TWC Enterprises's dividends as it is not paying a notable one for Canada.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

7.0yrs

Average management tenure


CEO

Rai Sahi (72yo)

21.9yrs

Tenure

CA$912,000

Compensation

Mr. Kuldip Rai Sahi, also known as Rai, FCPA, FCGA, has been the President and Chief Executive Officer of Morguard Real Estate Investment Trust and Trustee since November 10, 1998 and Chairman, President a ...


CEO Compensation Analysis

Rai's remuneration is about average for companies of similar size in Canada.

Rai's compensation has increased in line with TWC Enterprises recently becoming profitable.


Management Age and Tenure

7.0yrs

Average Tenure

The average tenure for the TWC Enterprises management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

10.3yrs

Average Tenure

70.5yo

Average Age

The average tenure for the TWC Enterprises board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellCA$1,63903 Apr 19
John Lokker
EntityIndividual
Role
Member of the Board of Directors
Director
Shares130
Max PriceCA$12.61
BuyCA$182,28021 Nov 18
Kuldip Sahi
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares14,700
Max PriceCA$12.40
BuyCA$657,37219 Nov 18
Kuldip Sahi
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares52,801
Max PriceCA$12.45
BuyCA$1,213,87513 Nov 18
Kuldip Sahi
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares97,500
Max PriceCA$12.45

Ownership Breakdown


Management Team

  • Eugene Hretzay

    Secretary

    • Tenure: 9.5yrs
    • Compensation: CA$73.00k
  • Rai Sahi (72yo)

    Chairman

    • Tenure: 21.9yrs
    • Compensation: CA$912.00k
  • Robert Visentin

    Senior Vice President of Investments

    • Tenure: 4.6yrs
    • Compensation: CA$377.23k
  • Stephen Taylor

    Executive Officer

    • Tenure: 0yrs
  • Beverley Flynn

    Executive Officer

    • Tenure: 0yrs
  • Andrew Tamlin

    Chief Financial Officer

    • Tenure: 4.6yrs
    • Compensation: CA$350.31k
  • John Finlayson

    COO of Canadian Golf Operations & VP of Florida Golf Operations

    • Tenure: 0yrs
    • Compensation: CA$402.82k
  • Jamie King

    Vice President of Sales - Canadian Gulf Operations

    • Tenure: 0yrs
    • Compensation: CA$227.96k

Board Members

  • Jack Winberg (67yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: CA$36.60k
  • Pat Brigham (74yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: CA$33.00k
  • Rai Sahi (72yo)

    Chairman

    • Tenure: 21.9yrs
    • Compensation: CA$912.00k
  • Sam Pollock (53yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: CA$37.60k
  • Fraser Berrill (70yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: CA$19.63k
  • Paul Campbell (71yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: CA$33.00k
  • Don Turple (66yo)

    Director

    • Tenure: 20.8yrs
    • Compensation: CA$41.20k
  • John Lokker (75yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: CA$34.00k
  • Angela Sahi

    Director

    • Tenure: 1.3yrs
    • Compensation: CA$20.63k

Company Information

TWC Enterprises Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TWC Enterprises Limited
  • Ticker: TWC
  • Exchange: TSX
  • Founded:
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: CA$370.299m
  • Shares outstanding: 26.76m
  • Website: https://www.twcenterprises.ca

Number of Employees


Location

  • TWC Enterprises Limited
  • 15675 Dufferin Street
  • King City
  • Ontario
  • L7B 1K5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TWCTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 1997
CLKX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 1997
4TWBST (Boerse-Stuttgart)YesCommon SharesDEEURDec 1997

Biography

TWC Enterprises Limited owns, operates, and manages golf clubs under the ClubLink One Membership More Golf trademark in Canada and the United States. It owns and operates golf clubs with 53 1/2, 18-hole eq ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 23:46
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.