TSXV:JTR

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

GreenSpace Brands Inc. develops, markets, and sells organic and natural food products to consumers in Canada and the United States. More Details


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has GreenSpace Brands's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JTR is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 22% a week.

Volatility Over Time: JTR's weekly volatility (22%) has been stable over the past year, but is still higher than 75% of Canadian stocks.


Market Performance


7 Day Return

-17.6%

JTR

-1.0%

CA Food

1.0%

CA Market


1 Year Return

7.7%

JTR

29.5%

CA Food

29.0%

CA Market

Return vs Industry: JTR underperformed the Canadian Food industry which returned 18.3% over the past year.

Return vs Market: JTR underperformed the Canadian Market which returned 15.9% over the past year.


Shareholder returns

JTRIndustryMarket
7 Day-17.6%-1.0%1.0%
30 Day-33.3%-1.4%2.1%
90 Day40.0%1.6%7.0%
1 Year7.7%7.7%32.2%29.5%33.8%29.0%
3 Year-95.0%-95.0%-1.5%-6.7%25.2%13.4%
5 Year-91.5%-91.5%23.5%13.5%57.6%33.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is GreenSpace Brands undervalued compared to its fair value and its price relative to the market?

3.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate JTR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate JTR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: JTR is unprofitable, so we can't compare its PE Ratio to the CA Food industry average.

PE vs Market: JTR is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JTR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JTR's PB Ratio (3.2x) is in line with the CA Food industry average.


Next Steps

Future Growth

How is GreenSpace Brands forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.0%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GreenSpace Brands has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has GreenSpace Brands performed over the past 5 years?

-47.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JTR is currently unprofitable.

Growing Profit Margin: JTR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JTR is unprofitable, and losses have increased over the past 5 years at a rate of 47.9% per year.

Accelerating Growth: Unable to compare JTR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JTR is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (63.1%).


Return on Equity

High ROE: JTR has a negative Return on Equity (-403.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is GreenSpace Brands's financial position?


Financial Position Analysis

Short Term Liabilities: JTR's short term assets (CA$14.9M) do not cover its short term liabilities (CA$22.2M).

Long Term Liabilities: JTR's short term assets (CA$14.9M) exceed its long term liabilities (CA$2.5M).


Debt to Equity History and Analysis

Debt Level: JTR's debt to equity ratio (200%) is considered high.

Reducing Debt: JTR's debt to equity ratio has increased from 51.5% to 200% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: JTR has sufficient cash runway for 11 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: JTR is forecast to have sufficient cash runway for 9 months based on free cash flow estimates, but has since raised additional capital.


Next Steps

Dividend

What is GreenSpace Brands's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate JTR'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 JTR's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of JTR's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

Paul Henderson

0.67

Tenure

CA$30,247

Compensation

Mr. Paul K. Henderson serves as an Executive Chairman of GreenSpace Brands Inc. since February 26, 2020 and has been its Interim Chief Executive Officer since July 17, 2020. Mr. Henderson is an experienced...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD23.83K) is below average for companies of similar size in the Canadian market ($USD151.87K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Paul Henderson
Executive Chairman & Interim CEO0.67yrCA$30.25kno data
C. Riddle
President of Galaxy Nutritionals1.83yrsCA$243.00kno data
Jan Faryaszewski
Chief Financial Officer0.92yrno datano data
Chris Renner
President of Central Roast1.83yrsno datano data

1.4yrs

Average Tenure

Experienced Management: JTR's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Paul Henderson
Executive Chairman & Interim CEO0.67yrCA$30.25kno data
Michael LeClair
Independent Director1.5yrsCA$10.20kno data
Tracy Tidy
Director1.08yrsno datano data
Glenn Fagan
Independent Director0.67yrno datano data

1.1yrs

Average Tenure

Experienced Board: JTR's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


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 been substantially diluted in the past year, with total shares outstanding growing by 189.3%.


Top Shareholders

Company Information

GreenSpace Brands Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GreenSpace Brands Inc.
  • Ticker: JTR
  • Exchange: TSXV
  • Founded: NaN
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CA$27.705m
  • Shares outstanding: 395.79m
  • Website: https://www.greenspacebrands.ca

Number of Employees


Location

  • GreenSpace Brands Inc.
  • 176 St. George Street
  • Toronto
  • Ontario
  • M5R 2M7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JTRTSXV (TSX Venture Exchange)YesCommon SharesCACADMay 2015
4G7DB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2015

Biography

GreenSpace Brands Inc. develops, markets, and sells organic and natural food products to consumers in Canada and the United States. The company provides snack food products, such as raw and roasted nuts, s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 23:11
End of Day Share Price2021/03/08 00:00
Earnings2020/12/31
Annual Earnings2020/03/31


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.