TSXV:THRM

Stock Analysis Report

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.

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

33.3%

THRM

-2.5%

CA Medical Equipment

0.3%

CA Market


1 Year Return

-42.9%

THRM

-15.9%

CA Medical Equipment

0.1%

CA Market

Return vs Industry: THRM underperformed the Canadian Medical Equipment industry which returned -15.9% over the past year.

Return vs Market: THRM underperformed the Canadian Market which returned 0.1% over the past year.


Shareholder returns

THRMIndustryMarket
7 Day33.3%-2.5%0.3%
30 Day11.1%-14.4%-2.5%
90 Day0%-15.4%-1.4%
1 Year-42.9%-42.9%-15.9%-15.9%3.6%0.1%
3 Year100.0%100.0%-50.3%-50.3%14.3%4.1%
5 Year300.0%300.0%-86.7%-86.7%25.0%6.9%

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

Valuation

Is Therma Bright undervalued compared to its fair value and its price relative to the 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 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

56.0%

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?

-61.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: THRM is unprofitable, and losses have increased over the past 5 years at a rate of -61.3% per year.

Accelerating Growth: Unable to compare THRM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: THRM is unprofitable, making it difficult to compare its past year earnings growth to the Medical Equipment industry (27.4%).


Return on Equity

High ROE: THRM's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: THRM is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: THRM is currently unprofitable, so its Return on Capital Employed is negative.


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.


Balance Sheet

Inventory Level: THRM has a low level of unsold assets or inventory.

Debt Coverage by Assets: THRM 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.

Stable Cash Runway: THRM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: THRM has less than a year of cash runway if free cash flow continues to reduce 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 vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate THRM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate THRM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

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

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

1.8yrs

Average board tenure


CEO

Rob Fia (49yo)

3.4yrs

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 ($USD22.72K) is too low to compare against companies of similar size in the Canadian market ($USD121.56K).

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


Board Age and Tenure

1.8yrs

Average Tenure

67yo

Average Age

Experienced Board: THRM's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: THRM insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$9,22004 Oct 19
Roberto Fia
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares461,000
Max PriceCA$0.02
BuyCA$60023 Sep 19
Roberto Fia
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares24,000
Max PriceCA$0.025
BuyCA$7,00001 May 19
Roberto Fia
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares200,000
Max PriceCA$0.035

Ownership Breakdown


Management Team

  • Michael Mayo

    Director of Sales

    • Tenure: 0yrs
  • Rob Fia (49yo)

    Chairman

    • Tenure: 3.4yrs
    • Compensation: CA$30.00k
  • Vic Hugo (51yo)

    Chief Financial Officer

    • Tenure: 1.3yrs

Board Members

  • Bruno Maruzzo (67yo)

    Member of Advisory Board

    • Tenure: 1.4yrs
  • Gilbert Sharpe

    Member of Advisory Board

    • Tenure: 1.6yrs
  • Tim Peterson (71yo)

    Director

    • Tenure: 1.8yrs
  • Rob Fia (49yo)

    Chairman

    • Tenure: 3.4yrs
    • Compensation: CA$30.00k
  • Joe Heng

    Director

    • Tenure: 3.4yrs
  • Stephen McNeill

    Member of Advisory Board

    • Tenure: 1.8yrs
  • Leo Notidis

    Member of Advisory Board

    • Tenure: 1.8yrs
  • Joseph Galli

    Member of Advisory Board

    • Tenure: 1.8yrs
  • Michael Bosman

    Member of Advisory Board

    • Tenure: 1.8yrs
  • Steven Bennett

    Member of Advisory Board

    • Tenure: 1.4yrs

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

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. 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 23:38
End of Day Share Price2019/10/15 00:00
Earnings2019/04/30
Annual Earnings2018/07/31


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.