Therma Bright
Market Cap
CA$3.3m
Last Updated
2019/08/20 23:41 UTC
Data Sources
Company Financials
Executive Summary
Therma Bright Inc. develops and markets thermal therapy technology that provides topical relief to skin irritations resulting from insect bites, stings, and prevention of cold sores.
Snowflake
Fundamentals
Weak fundamentals or lack of information.
Risks
- Therma Bright has significant price volatility in the past 3 months.
- Therma Bright is not covered by any analysts.
Share Price & News
How has Therma Bright's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0%
TSXV:THRM
3.1%
CA Medical Equipment
-0.6%
CA Market
1 Year Return
-42.9%
TSXV:THRM
-5.6%
CA Medical Equipment
-4.9%
CA Market
THRM underperformed the Medical Equipment industry which returned -8.5% over the past year.
THRM underperformed the Market in Canada which returned -4.8% over the past year.
Share holder returns
| THRM | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 3.1% | -0.6% |
| 30 Day | -20.0% | -0.5% | -2.6% |
| 90 Day | -50.0% | -7.8% | -2.0% |
| 1 Year | -42.9%-42.9% | -5.6%-5.6% | -1.5%-4.9% |
| 3 Year | 100.0%100.0% | -53.4%-53.4% | 14.0%3.9% |
| 5 Year | 100.0%100.0% | -84.6%-84.6% | 12.3%-3.5% |
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
2 months ago | Simply Wall St
If You Had Bought Therma Bright (CVE:THRM) Stock Five Years Ago, You Could Pocket A 500% Gain Today4 months ago | Simply Wall St
How Many Therma Bright Inc. (CVE:THRM) Shares Did Insiders Buy, In The Last Year?8 months ago | Simply Wall St
Who Has Been Buying Therma Bright Inc. (CVE:THRM) Shares?Valuation
Is Therma Bright undervalued based on future cash flows and its price relative to the stock market?
In this section, we usually try to help investors determine whether Therma Bright is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Therma Bright has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
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.
- When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Therma Bright regulatory filings.
- Explore potentially undervalued companies in the Healthcare industry.
Future Growth
How is Therma Bright expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
51.3%
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?
-61.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Therma Bright does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
Unable to compare Therma Bright's 1-year earnings growth to the 5-year average as it is not currently profitable.
Unable to compare Therma Bright's 1-year growth to the North America Medical Equipment industry average as it is not currently profitable.
Return on Equity
It is difficult to establish if Therma Bright has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
Return on Assets
It is difficult to establish if Therma Bright has efficiently used its assets last year compared to the North America Medical Equipment industry average (Return on Assets) as it is loss-making.
Return on Capital Employed
It is difficult to establish if Therma Bright improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
Next Steps
Financial Health
How is Therma Bright's financial position?
Financial Position Analysis
Therma Bright's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Therma Bright's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
Therma Bright has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
Irrelevant to check if Therma Bright's debt level has increased considering it has negative shareholder equity.
Balance Sheet
Low level of unsold assets.
Therma Bright has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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.
Therma Bright has less than a year of cash runway based on current free cash flow.
Therma Bright has less than a year of cash runway if free cash flow continues to grow at historical rates of 119.6% each year.
Next Steps
Dividend
What is Therma Bright's current dividend yield, its reliability and sustainability?
Dividend Yield and Payments Analysis
Unable to evaluate Therma Bright's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Therma Bright's dividend against the top 25% market benchmark as the company has not reported any payouts.
Unable to perform a dividend volatility check as Therma Bright has not reported any payouts.
Unable to verify if Therma Bright's dividend has been increasing as the company has not reported any payouts.
Current Payout to Shareholders
Unable to calculate sustainability of dividends as Therma Bright 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.
Next Steps
Management
What is the CEO of Therma Bright's salary, the management and board of directors tenure and is there insider trading?
1.6yrs
Average board tenure
CEO
Rob Fia (49yo)
3.3yrs
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
Rob's remuneration is lower than average for companies of similar size in Canada.
Rob's compensation has been consistent with company performance over the past year, both up more than 20%.
Board Age and Tenure
1.6yrs
Average Tenure
67yo
Average Age
The average tenure for the Therma Bright board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer Chairman |
| Shares | 200,000 |
| Max Price | CA$0.035 |
Ownership Breakdown
Management Team
Michael Mayo
Director of Sales
- Tenure: 0.0yrs
Rob Fia (49yo)
Chairman
- Tenure: 3.3yrs
- Compensation: CA$30.00k
Vic Hugo (51yo)
Chief Financial Officer
- Tenure: 1.1yrs
Board Members
Bruno Maruzzo (67yo)
Member of Advisory Board
- Tenure: 1.3yrs
Gilbert Sharpe
Member of Advisory Board
- Tenure: 1.4yrs
Tim Peterson (71yo)
Director
- Tenure: 1.6yrs
Rob Fia (49yo)
Chairman
- Tenure: 3.3yrs
- Compensation: CA$30.00k
Joe Heng
Director
- Tenure: 3.3yrs
Stephen McNeill
Member of Advisory Board
- Tenure: 1.6yrs
Leo Notidis
Member of Advisory Board
- Tenure: 1.6yrs
Joseph Galli
Member of Advisory Board
- Tenure: 1.6yrs
Michael Bosman
Member of Advisory Board
- Tenure: 1.6yrs
Steven Bennett
Member of Advisory Board
- Tenure: 1.3yrs
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$3.275m
- Shares outstanding: 163.76m
- 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. develops and markets thermal therapy technology that provides topical relief to skin irritations resulting from insect bites, stings, and prevention of cold sores. It offers InterceptCS, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/20 23:41 |
| End of Day Share Price | 2019/08/15 00:00 |
| Earnings | 2019/04/30 |
| Annual Earnings | 2018/07/31 |
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.