TSXV:JTR

Stock Analysis Report

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Executive Summary

GreenSpace Brands Inc. develops, markets, and sells organic and natural food products to consumers in Canada.


Snowflake Analysis

Imperfect balance sheet and overvalued.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.9%

JTR

1.0%

CA Food

2.4%

CA Market


1 Year Return

-75.0%

JTR

-15.5%

CA Food

-12.4%

CA Market

Return vs Industry: JTR underperformed the Canadian Food industry which returned -15.5% over the past year.

Return vs Market: JTR underperformed the Canadian Market which returned -12.4% over the past year.


Shareholder returns

JTRIndustryMarket
7 Day-5.9%1.0%2.4%
30 Day-30.4%-1.5%-1.0%
90 Day60.0%3.7%17.4%
1 Year-75.0%-75.0%-13.8%-15.5%-9.4%-12.4%
3 Year-94.8%-94.8%-17.4%-21.8%4.2%-5.7%
5 Year-93.8%-93.8%21.3%11.2%22.1%3.8%

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?

0.24x

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 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 is good value based on its PB Ratio (0.2x) compared to the CA Food industry average (1.8x).


Next Steps

Future Growth

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

22.5%

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?

-42.2%

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 -42.2% 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 (-8.9%).


Return on Equity

High ROE: JTR has a negative Return on Equity (-45.48%), 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$15.3M) do not cover its short term liabilities (CA$26.4M).

Long Term Liabilities: JTR's short term assets (CA$15.3M) exceed its long term liabilities (CA$4.8M).


Debt to Equity History and Analysis

Debt Level: JTR's debt to equity ratio (76.8%) is considered high.

Reducing Debt: JTR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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: Insufficient data to determine if JTR has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if JTR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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?

0.8yrs

Average management tenure


CEO

Matt von Teichman Logischen

no data

Tenure

CA$275,000

Compensation

Mr. Matthew Andrew von Teichman Logischen, also known as Matt, serves as the Chief Executive Officer and President at GreenSpace Brands Inc. since March 2020. Mr. von Teichman Logischen served as Chairman  ...


CEO Compensation Analysis

Compensation vs Market: Matt's total compensation ($USD202.61K) is about average for companies of similar size in the Canadian market ($USD173.28K).

Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Matthew von Teichman Logischen
President & CEOno dataCA$275.00k2.68% CA$464.9k
Paul Henderson
Executive Chairman0.33yrno datano data
Jan Faryaszewski
Chief Financial Officer0.25yrno datano data
Chris Renner
President of Central Roast1.17yrsno datano data
C. Riddle
President of Galaxy Nutritionals1.17yrsno datano data

0.8yrs

Average Tenure

Experienced Management: JTR's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Paul Henderson
Executive Chairman0.33yrno datano data
John Edmison
Director0.33yrno data0.67% CA$115.4k
Tracy Tidy
Director0.33yrno datano data
Mike LeClair
Director0.33yrno datano data

0.3yrs

Average Tenure

Experienced Board: JTR's board of directors are not considered experienced ( 0.3 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 206.3%.


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:
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: CA$17.350m
  • Shares outstanding: 231.33m
  • 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. The company provides beef and pork products under Life Choices brand; grass fed dairy, such as milk, yogurt, butter, and kefir under the Rolling Meadow brand; Kiwi Pure, a grass-fed butter; snacks under the Central Roast brand; and organic juices and iced tea under the Kiju brand. It also offers food products for infants, toddlers, and small children under the Love Child Organics brand name; CEDAR cold press juices; cheese-free products under the GO VEGGIE brand name; and plant-based cheeses, butters, and spreads under the Riot Eats brand name. GreenSpace Brands Inc. is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 00:29
End of Day Share Price2020/07/03 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.