Therma Bright
Market Cap
CA$23.6m
Last Updated
2020/10/29 00:40 UTC
Data Sources
Company Financials
Executive Summary
Therma Bright Inc., a progressive medical device technology company, develops and markets thermal therapy technology that provides topical relief to skin irritations resulting from insect bites, stings, and prevention of cold sores. More Details
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Acceptable track record with worrying balance sheet.
Share Price & News
How has Therma Bright's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: THRM's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-15.4%
THRM
-3.6%
CA Medical Equipment
-4.5%
CA Market
1 Year Return
633.3%
THRM
39.9%
CA Medical Equipment
-8.8%
CA Market
Return vs Industry: THRM exceeded the Canadian Medical Equipment industry which returned 39.9% over the past year.
Return vs Market: THRM exceeded the Canadian Market which returned -8.8% over the past year.
Shareholder returns
| THRM | Industry | Market | |
|---|---|---|---|
| 7 Day | -15.4% | -3.6% | -4.5% |
| 30 Day | -21.4% | -3.1% | -3.8% |
| 90 Day | -40.5% | 0.6% | -3.3% |
| 1 Year | 633.3%633.3% | 39.9%39.9% | -5.5%-8.8% |
| 3 Year | 37.5%37.5% | -48.4%-48.4% | 0.5%-9.2% |
| 5 Year | 450.0%450.0% | -75.0%-75.0% | 28.7%8.9% |
Price Volatility Vs. Market
How volatile is Therma Bright's share price compared to the market and industry in the last 5 years?
Simply Wall St News
8 months ago | Simply Wall St
What Kind Of Shareholders Own Therma Bright Inc. (CVE:THRM)?11 months ago | Simply Wall St
The Therma Bright (CVE:THRM) Share Price Has Soared 400%, Delighting Many Shareholders1 year ago | Simply Wall St
Do Institutions Own Therma Bright Inc. (CVE:THRM) Shares?Valuation
Is Therma Bright undervalued compared to its fair value and its price relative to the market?
113.75x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate THRM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate THRM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: THRM is poor value based on its PE Ratio (113.8x) compared to the XN Medical Equipment industry average (54x).
PE vs Market: THRM is poor value based on its PE Ratio (113.8x) compared to the Canadian market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate THRM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: THRM has negative assets, so we can't compare its PB Ratio to the CA Medical Equipment industry average.
Next Steps
Future Growth
How is Therma Bright forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
25.5%
Forecasted Healthcare 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 Therma Bright 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
- Take a look at our analysis of THRM’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Therma Bright competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Healthcare industry.
Past Performance
How has Therma Bright performed over the past 5 years?
-19.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: THRM has high quality earnings.
Growing Profit Margin: THRM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: THRM has become profitable over the past 5 years, growing earnings by -19.3% per year.
Accelerating Growth: THRM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: THRM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Medical Equipment industry (1.8%).
Return on Equity
High ROE: THRM's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Next Steps
Financial Health
How is Therma Bright's financial position?
Financial Position Analysis
Short Term Liabilities: THRM has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: THRM has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: THRM has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: THRM's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: THRM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: THRM's interest payments on its debt are well covered by EBIT (13.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Therma Bright current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate THRM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate THRM'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 THRM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if THRM'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 THRM'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?
2.8yrs
Average board tenure
CEO
Rob Fia (50 yo)
4.42yrs
Tenure
CA$30,000
Compensation
Mr. Roberto Fia, also known as Rob, serves as the Chairman of Therma Bright Inc. (formerly, The Jenex Corporation) and has been its Chief Executive Officer since May 18, 2016. Mr. Fia has been the Chief Ex ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD171.75K).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 4.42yrs | CA$30.00k | 7.91% CA$ 1.9m | |
| Member of Advisory Board | 2.42yrs | no data | no data | |
| Member of Advisory Board | 2.58yrs | no data | no data | |
| Independent Director | 2.75yrs | no data | no data | |
| Independent Director | 2.33yrs | no data | no data | |
| Independent Director | 4.42yrs | no data | 0.25% CA$ 60.0k | |
| Member of Advisory Board | 2.75yrs | no data | no data | |
| Member of Advisory Board | 2.75yrs | no data | no data | |
| Member of Advisory Board | 2.75yrs | no data | no data | |
| Member of Advisory Board | 2.75yrs | no data | no data | |
| Member of Advisory Board | 2.42yrs | no data | no data | |
| Member of Advisory Board | 2.08yrs | no data | no data |
2.8yrs
Average Tenure
68yo
Average Age
Experienced Board: THRM's board of directors are not considered experienced ( 2.8 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: THRM 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 diluted in the past year, with total shares outstanding growing by 20.3%.
Top Shareholders
Company Information
Therma Bright Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Therma Bright Inc.
- Ticker: THRM
- Exchange: TSXV
- Founded: 2001
- Industry: Health Care Equipment
- Sector: Healthcare
- Market Cap: CA$23.631m
- Shares outstanding: 196.92m
- Website: https://thermabright.com
Location
- Therma Bright Inc.
- 1173 Dundas Street East
- Suite 132
- Toronto
- Ontario
- M4M 3P1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| THRM | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Jul 2001 |
| JNX | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jul 2001 |
| THRB.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jul 2001 |
Biography
Therma Bright Inc., a progressive medical device technology company, develops and markets thermal therapy technology that provides topical relief to skin irritations resulting from insect bites, stings, an ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/29 00:40 |
| End of Day Share Price | 2020/10/28 00:00 |
| Earnings | 2020/04/30 |
| Annual Earnings | 2019/07/31 |
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.