TSXV:THRM

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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


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

-3.4%

THRM

6.9%

CA Medical Equipment

0.6%

CA Market


1 Year Return

460.0%

THRM

11.8%

CA Medical Equipment

-7.5%

CA Market

Return vs Industry: THRM exceeded the Canadian Medical Equipment industry which returned 11.8% over the past year.

Return vs Market: THRM exceeded the Canadian Market which returned -7.5% over the past year.


Shareholder returns

THRMIndustryMarket
7 Day-3.4%6.9%0.6%
30 Day-26.3%3.3%-1.1%
90 Day600.0%7.9%6.6%
1 Year460.0%460.0%11.8%11.8%-4.2%-7.5%
3 Year16.7%16.7%-17.0%-17.0%10.0%-0.6%
5 Year1,300.0%1,300.0%-77.4%-77.4%42.3%20.3%

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

Valuation

Is Therma Bright undervalued compared to its fair value and its price relative to the market?

144.78x

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 (144.8x) compared to the XN Medical Equipment industry average (49.5x).

PE vs Market: THRM is poor value based on its PE Ratio (144.8x) compared to the Canadian market (16.6x).


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?

26.1%

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

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 (-0.4%).


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?

2.7yrs

Average board tenure


CEO

Rob Fia (50 yo)

4.33yrs

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 ($USD0.00) is below average for companies of similar size in the Canadian market ($USD178.23K).

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


Board Members

NamePositionTenureCompensationOwnership
Roberto Fia
Chairman4.33yrsCA$30.00k7.96%
CA$ 2.2m
Bruno Maruzzo
Member of Advisory Board2.33yrsno datano data
Gilbert Sharpe
Member of Advisory Board2.5yrsno datano data
Andrew Peterson
Independent Director2.67yrsno datano data
Sung Huh
Independent Director2.25yrsno datano data
Joseph Heng
Independent Director4.33yrsno data0.26%
CA$ 70.0k
Stephen McNeill
Member of Advisory Board2.67yrsno datano data
Leonidas Notidis
Member of Advisory Board2.67yrsno datano data
Joseph Galli
Member of Advisory Board2.67yrsno datano data
Michael Bosman
Member of Advisory Board2.67yrsno datano data
Steven Bennett
Member of Advisory Board2.33yrsno datano data
Too Min
Member of Advisory Board2yrsno datano data

2.7yrs

Average Tenure

68yo

Average Age

Experienced Board: THRM's board of directors are not considered experienced ( 2.7 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 19.4%.


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$27.380m
  • Shares outstanding: 195.57m
  • Website: https://thermabright.com

Location

  • Therma Bright Inc.
  • 1173 Dundas Street East
  • Suite 132
  • Toronto
  • Ontario
  • M4M 3P1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
THRMTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 2001
JNXDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2001
THRB.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 05:57
End of Day Share Price2020/09/18 00:00
Earnings2020/04/30
Annual Earnings2019/07/31


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.