Loading...

Therma Bright

TSXV:THRM
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
THRM
TSXV
CA$3M
Market Cap
  1. Home
  2. CA
  3. Healthcare
Company description

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. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • Therma Bright has significant price volatility in the past 3 months.
THRM Share Price and Events
7 Day Returns
0%
TSXV:THRM
-2.5%
CA Medical Equipment
-0.4%
CA Market
1 Year Returns
-33.3%
TSXV:THRM
-16.5%
CA Medical Equipment
-2.8%
CA Market
THRM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Therma Bright (THRM) 0% -33.3% -50% -33.3% 300% 300%
CA Medical Equipment -2.5% -5.2% -10.1% -16.5% -58.2% -84%
CA Market -0.4% 0.3% -2.4% -2.8% 7.7% 0.1%
1 Year Return vs Industry and Market
  • THRM underperformed the Medical Equipment industry which returned -16.5% over the past year.
  • THRM underperformed the Market in Canada which returned -2.8% over the past year.
Price Volatility
THRM
Industry
5yr Volatility vs Market

THRM Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

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. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Therma Bright. This is due to cash flow or dividend data being unavailable. The share price is CA$0.02.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Therma Bright's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Therma Bright's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:THRM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in CAD CA$-0.01
TSXV:THRM Share Price ** TSXV (2019-07-17) in CAD CA$0.02
North America Medical Equipment Industry PE Ratio Median Figure of 66 Publicly-Listed Medical Equipment Companies 41.17x
Canada Market PE Ratio Median Figure of 538 Publicly-Listed Companies 15.04x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Therma Bright.

TSXV:THRM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:THRM Share Price ÷ EPS (both in CAD)

= 0.02 ÷ -0.01

-2.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Therma Bright is loss making, we can't compare its value to the North America Medical Equipment industry average.
  • Therma Bright is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Therma Bright's expected growth come at a high price?
Raw Data
TSXV:THRM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Medical Equipment Industry PEG Ratio Median Figure of 56 Publicly-Listed Medical Equipment Companies 2.27x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Therma Bright, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Therma Bright's assets?
Raw Data
TSXV:THRM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in CAD CA$0.00
TSXV:THRM Share Price * TSXV (2019-07-17) in CAD CA$0.02
Canada Medical Equipment Industry PB Ratio Median Figure of 16 Publicly-Listed Medical Equipment Companies 5.31x
Canada Market PB Ratio Median Figure of 2,441 Publicly-Listed Companies 1.44x
TSXV:THRM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:THRM Share Price ÷ Book Value per Share (both in CAD)

= 0.02 ÷ 0.00

-6.1x

* Primary Listing of Therma Bright.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Therma Bright has negative assets, we can't compare the value of its assets to the CA Medical Equipment industry average.

Next steps:

  1. 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.
  2. 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's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Medical Equipment industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Therma Bright's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Medical Equipment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Medical Equipment industry average (and greater than 0)? (1 check)
  5. Therma Bright has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

THRM Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38.8%
Expected Medical Equipment industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Therma Bright expected to grow at an attractive rate?
  • Unable to compare Therma Bright's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Therma Bright's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Therma Bright's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:THRM Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Medical Equipment Industry Earnings Growth Rate Market Cap Weighted Average 38.8%
Canada Medical Equipment Industry Revenue Growth Rate Market Cap Weighted Average 33.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:THRM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:THRM Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-04-30 0 0 -1
2019-01-31 0 0 -1
2018-10-31 0 0 -1
2018-07-31 0 0 -1
2018-04-30 0 0 -1
2018-01-31 0 0 -1
2017-10-31 0 0 -1
2017-07-31 0 0 -1
2017-04-30 0 -1 0
2017-01-31 0 0 0
2016-10-31 0 0 0
2016-07-31 0 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Therma Bright is high growth as no earnings estimate data is available.
  • Unable to determine if Therma Bright is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:THRM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Therma Bright Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:THRM Past Financials Data
Date (Data in CAD Millions) EPS *
2019-04-30 -0.01
2019-01-31 -0.01
2018-10-31 -0.01
2018-07-31 -0.01
2018-04-30 -0.01
2018-01-31 -0.01
2017-10-31 -0.01
2017-07-31 -0.01
2017-04-30 0.00
2017-01-31 0.00
2016-10-31 0.00
2016-07-31 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Therma Bright will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. Therma Bright's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Healthcare companies here
  3. Therma Bright's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Therma Bright's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Therma Bright has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

THRM Past Performance

  How has Therma Bright performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Therma Bright's growth in the last year to its industry (Medical Equipment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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.
Earnings and Revenue History
Therma Bright's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Therma Bright Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:THRM Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 0.01 -1.29 1.11 0.15
2019-01-31 0.01 -1.43 1.26 0.15
2018-10-31 0.01 -1.22 1.07 0.14
2018-07-31 0.01 -1.24 1.16 0.09
2018-04-30 0.02 -1.32 1.25 0.10
2018-01-31 0.03 -1.23 1.16 0.10
2017-10-31 0.04 -1.18 1.12 0.10
2017-07-31 0.03 -0.97 0.90 0.10
2017-04-30 0.02 -0.34 0.36
2017-01-31 0.01 -0.14 0.15
2016-10-31 0.00 -0.13 0.13
2016-07-31 0.00 -0.21 0.21
2016-04-30 0.01 -0.27 0.27
2016-01-31 0.00 -0.32 0.32
2015-10-31 0.00 -0.21 0.39
2015-07-31 0.00 -0.36 0.35
2015-04-30 0.00 0.49 0.50
2015-01-31 0.00 0.34 0.50
2014-10-31 0.03 0.45
2014-07-31 0.07 0.44
2014-04-30 0.72 0.38
2014-01-31 0.75 0.35
2013-10-31 0.81 0.34
2013-07-31 0.86 0.32
2013-04-30 -1.10 0.33
2013-01-31 -0.98 0.30
2012-10-31 -0.87 0.28
2012-07-31 -0.78 0.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • 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.
  • 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.
  • 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.
X
Past performance checks
We assess Therma Bright's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Medical Equipment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Therma Bright has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

THRM Health

 How is Therma Bright's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Therma Bright's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Therma Bright's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Therma Bright has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Therma Bright Company Filings, last reported 2 months ago.

TSXV:THRM Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 -0.54 0.09 0.01
2019-01-31 -0.34 0.09 0.03
2018-10-31 -0.10 0.09 0.11
2018-07-31 -0.07 0.20 0.22
2018-04-30 0.03 0.22 0.49
2018-01-31 -0.21 0.03 0.00
2017-10-31 -0.93 0.28 0.00
2017-07-31 -0.89 0.27 0.07
2017-04-30 -1.05 0.40 0.00
2017-01-31 -1.73 0.80 0.00
2016-10-31 -1.67 0.78 0.01
2016-07-31 -1.63 0.77 0.00
2016-04-30 -1.63 0.77 0.00
2016-01-31 -1.59 0.77 0.00
2015-10-31 -1.54 0.75 0.00
2015-07-31 -1.42 0.73 0.00
2015-04-30 -1.36 0.73 0.00
2015-01-31 -1.27 0.73 0.00
2014-10-31 -5.78 4.89 0.00
2014-07-31 -5.52 4.70 0.02
2014-04-30 -6.33 4.51 0.00
2014-01-31 -6.09 4.35 0.00
2013-10-31 -5.85 4.16 0.01
2013-07-31 -5.62 4.01 0.05
2013-04-30 -7.19 3.86 0.00
2013-01-31 -6.98 3.72 0.00
2012-10-31 -6.79 3.59 0.00
2012-07-31 -6.61 3.45 0.00
  • 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.
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.
X
Financial health checks
We assess Therma Bright's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Therma Bright has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

THRM Dividends

 What is Therma Bright's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Therma Bright dividends.
If you bought CA$2,000 of Therma Bright shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:THRM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Medical Equipment Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Therma Bright's earnings are paid to the shareholders as a dividend.
  • 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.
X
Income/ dividend checks
We assess Therma Bright's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Therma Bright afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Therma Bright has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

THRM Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Fia
COMPENSATION CA$30,000
AGE 49
TENURE AS CEO 3.2 years
CEO Bio

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 Executive Officer of Icon Exploration Inc. since November 10, 2014. Mr. Fia has been the Co-Head Corporate Finance at Kingsdale Capital Market Inc. since 2004. He served as Interim Chief Executive Officer of Therma Bright Inc. since May 18, 2016. He served as the Chief Executive Officer and President of MCM Capital One Inc. Mr. Fia has over 14 years of experience in the investment business, including both equity research and corporate finance. In his career, he has focused on working with promising young companies, such as Therma Bright, advising corporate executives on business matters dealing with corporate finance, strategy, expansion, mergers and acquisitions, concept creation, private equity, corporate development and corporate governance. He serves as a senior-level investment banker, involved in several multi-million dollar financing and advisory transactions in mining, oil and gas, technology and healthcare. From 1999 to 2002, he served as a Technology Hardware Analyst at Harris Partners and from 2002 to 2004 and he managed Ensign Capital Inc. He serves as a Director of Enerdynamic Hybrid Technologies Inc. He has been a Director of Cordillera Gold Ltd. since October 2010. Mr. Fia has been a Director of Therma Bright Inc. since September 15, 2009 and Icon Exploration Inc. since November 10, 2014. He served as an Independent Director of Enerdynamic Hybrid Technologies Corp. from June 2010 to September 23, 2016. He served as a Director of MCM Capital One Inc. since June 16, 2010. He is a Chartered Financial Analyst granted to him by the CFA Institute in Virginia, United States. Mr. Fia holds a B.Comm from the Asper School of Business.

CEO Compensation
  • Rob's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rob's remuneration is lower than average for companies of similar size in Canada.
Management Team

Rob Fia

TITLE
Chairman
COMPENSATION
CA$30K
AGE
49
TENURE
3.2 yrs

Vic Hugo

TITLE
Chief Financial Officer
AGE
51
TENURE
1 yrs

Michael Mayo

TITLE
Director of Sales
Board of Directors Tenure

Average tenure and age of the Therma Bright board of directors in years:

1.5
Average Tenure
67
Average Age
  • The average tenure for the Therma Bright board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rob Fia

TITLE
Chairman
COMPENSATION
CA$30K
AGE
49

Joe Heng

TITLE
Director
TENURE
3.2 yrs

Tim Peterson

TITLE
Director
AGE
71
TENURE
1.5 yrs

Leo Notidis

TITLE
Member of Advisory Board
TENURE
1.5 yrs

Joseph Galli

TITLE
Member of Advisory Board
TENURE
1.5 yrs

Stephen McNeill

TITLE
Member of Advisory Board
TENURE
1.5 yrs

Michael Bosman

TITLE
Member of Advisory Board
TENURE
1.5 yrs

Gilbert Sharpe

TITLE
Member of Advisory Board
TENURE
1.3 yrs

Steven Bennett

TITLE
Member of Advisory Board
TENURE
1.2 yrs

Bruno Maruzzo

TITLE
Member of Advisory Board
AGE
67
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Therma Bright individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
01. May 19 Buy Roberto Fia Individual 01. May 19 01. May 19 200,000 CA$0.04 CA$7,000
27. Jul 18 Buy Roberto Fia Individual 26. Apr 18 25. Jul 18 4,159,000 CA$0.05 CA$206,939
X
Management checks
We assess Therma Bright's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Therma Bright has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

THRM News

Simply Wall St News

If You Had Bought Therma Bright (CVE:THRM) Stock Five Years Ago, You Could Pocket A 500% Gain Today

Investors will be hoping that Therma Bright can make progress and gain better traction for the business, before it runs low on cash. … On the bright side, long term shareholders have made money, with a gain of 43% per year over half a decade. … Therma Bright is not the only stock that insiders are buying.

Simply Wall St -

How Many Therma Bright Inc. (CVE:THRM) Shares Did Insiders Buy, In The Last Year?

So we'll take a look at whether insiders have been buying or selling shares in Therma Bright Inc. … That means that an insider was happy to buy shares at above the current price of CA$0.045. … It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels

Simply Wall St -

Who Has Been Buying Therma Bright Inc. (CVE:THRM) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Therma Bright Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Therma Bright.

Simply Wall St -

Should You Buy Therma Bright Inc (CVE:THRM) For This Reason?

A crucial question to bear in mind when you’re an investor of an unprofitable business, is whether the company will have to raise more capital in the near future. … Cash is crucial to run a business, and if a company burns through its reserves fast, it will need to come back to market for additional capital raising. … Therma Bright may need to come to market again, but the question is, when?

Simply Wall St -

Is Therma Bright Inc's (CVE:THRM) CEO Pay Fair?

Over the last year THRM released negative earnings of -CA$1.23M , which is a further decline from prior year's loss of -CA$136.75K. … Furthermore, on average, THRM has been loss-making in the past, with a 5-year average EPS of -CA$0.0023. … During times of negative earnings, the company may be going through a period of reinvestment and growth, or it can be a signal of some headwind.

Simply Wall St -

Who Are The Largest Shareholders In Therma Bright Inc (CVE:THRM)?

THRM hardly has any institutional ownership, leaving investors little to think about sharp price volatility in the stock that could take place due to institutional trading. … Insider Ownership Another important group of shareholders are company insiders. … General Public Ownership The general public holds a substantial 71.18% stake in THRM, making it a highly popular stock among retail investors.

Simply Wall St -

What Are The Drivers Of Therma Bright Inc's (CVE:THRM) Risks?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … THRM, with its market capitalisation of CA$10.77M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … However, this is the opposite to what THRM’s actual beta value suggests, which is higher stock volatility relative to the market.

Simply Wall St -

THRM Company Info

Description

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, a cold sore prevention system, which provides controlled topical heat without the risk of burning the skin; and TherOZap, a thermal therapy insect device that reduces the inflammatory response, as well as relieves the symptoms of pain, itching, and inflammation associated with insect bites and stings. The company was formerly known as The Jenex Corporation and changed its name to Therma Bright Inc. in February 2018. Therma Bright Inc. was incorporated in 2001 and is based in Toronto, Canada.

Details
Name: Therma Bright Inc.
THRM
Exchange: TSXV
Founded: 2001
CA$3,275,112
163,755,622
Website: http://thermabright.com
Address: Therma Bright Inc.
1173 Dundas Street East,
Suite 132,
Toronto,
Ontario, M4M 3P1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV THRM Common Shares TSX Venture Exchange CA CAD 11. Jul 2001
OTCPK THRB.F Common Shares Pink Sheets LLC US USD 11. Jul 2001
DB JNX Common Shares Deutsche Boerse AG DE EUR 11. Jul 2001
Number of employees
Current staff
Staff numbers
0
Therma Bright employees.
Industry
Health Care Equipment
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 23:42
End of day share price update: 2019/07/17 00:00
Last earnings filing: 2019/06/28
Last earnings reported: 2019/04/30
Last annual earnings reported: 2018/07/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.