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CJR.

Corus Entertainment TSX:CJR.B Stock Report

Last Price

CA$4.01

Market Cap

CA$800.9m

7D

5.5%

1Y

-33.8%

Updated

12 Aug, 2022

Data

Company Financials +
CJR.B fundamental analysis
Snowflake Score
Valuation6/6
Future Growth1/6
Past Performance2/6
Financial Health1/6
Dividends4/6

CJR.B Stock Overview

Corus Entertainment Inc., a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally.

Corus Entertainment Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Corus Entertainment
Historical stock prices
Current Share PriceCA$4.01
52 Week HighCA$6.34
52 Week LowCA$3.41
Beta1.78
1 Month Change12.33%
3 Month Change-0.74%
1 Year Change-33.83%
3 Year Change-18.99%
5 Year Change-70.82%
Change since IPO-58.34%

Recent News & Updates

Jul 14
Corus Entertainment (TSE:CJR.B) Has Affirmed Its Dividend Of CA$0.06

Corus Entertainment (TSE:CJR.B) Has Affirmed Its Dividend Of CA$0.06

Corus Entertainment Inc. ( TSE:CJR.B ) will pay a dividend of CA$0.06 on the 29th of September. This makes the dividend...

Jun 16
These 4 Measures Indicate That Corus Entertainment (TSE:CJR.B) Is Using Debt Extensively

These 4 Measures Indicate That Corus Entertainment (TSE:CJR.B) Is Using Debt Extensively

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

CJR.BCA MediaCA Market
7D5.5%0.1%2.5%
1Y-33.8%-12.0%-0.2%

Return vs Industry: CJR.B underperformed the Canadian Media industry which returned -12% over the past year.

Return vs Market: CJR.B underperformed the Canadian Market which returned -0.2% over the past year.

Price Volatility

Is CJR.B's price volatile compared to industry and market?
CJR.B volatility
CJR.B Average Weekly Movement5.6%
Media Industry Average Movement6.2%
Market Average Movement10.8%
10% most volatile stocks in CA Market19.3%
10% least volatile stocks in CA Market4.3%

Stable Share Price: CJR.B is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CJR.B's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19983,295Doug Murphyhttps://www.corusent.com

Corus Entertainment Inc., a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates in two segments, Television and Radio. The Television segment operates 33 specialty television networks and 15 conventional television stations.

Corus Entertainment Fundamentals Summary

How do Corus Entertainment's earnings and revenue compare to its market cap?
CJR.B fundamental statistics
Market CapCA$800.93m
Earnings (TTM)CA$141.93m
Revenue (TTM)CA$1.62b

5.7x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CJR.B income statement (TTM)
RevenueCA$1.62b
Cost of RevenueCA$1.13b
Gross ProfitCA$490.15m
Other ExpensesCA$348.23m
EarningsCA$141.93m

Last Reported Earnings

May 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.70
Gross Margin30.25%
Net Profit Margin8.76%
Debt/Equity Ratio97.8%

How did CJR.B perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

35%

Payout Ratio

Does CJR.B pay a reliable dividends?

See CJR.B dividend history and benchmarks
When do you need to buy CJR.B by to receive an upcoming dividend?
Corus Entertainment dividend dates
Ex Dividend DateSep 14 2022
Dividend Pay DateSep 29 2022
Days until Ex dividend32 days
Days until Dividend pay date47 days

Does CJR.B pay a reliable dividends?

See CJR.B dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is CJR.B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CJR.B?

Other financial metrics that can be useful for relative valuation.

CJR.B key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA4.8x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does CJR.B's PE Ratio compare to its peers?

CJR.B PE Ratio vs Peers
The above table shows the PE ratio for CJR.B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.5x
RAY.A Stingray Group
11.2x15.1%CA$429.5m
TVA.B TVA Group
7.3xn/aCA$108.9m
ZUM ZoomerMedia
7.6xn/aCA$33.1m
CGO Cogeco
7.6x2.2%CA$1.1b
CJR.B Corus Entertainment
5.7x6.6%CA$809.0m

Price-To-Earnings vs Peers: CJR.B is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (8.4x).


Price to Earnings Ratio vs Industry

How does CJR.B's PE Ratio compare vs other companies in the North American Media Industry?

Price-To-Earnings vs Industry: CJR.B is good value based on its Price-To-Earnings Ratio (5.7x) compared to the Canadian Media industry average (9.2x)


Price to Earnings Ratio vs Fair Ratio

What is CJR.B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CJR.B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.7x
Fair PE Ratio11.8x

Price-To-Earnings vs Fair Ratio: CJR.B is good value based on its Price-To-Earnings Ratio (5.7x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).


Share Price vs Fair Value

What is the Fair Price of CJR.B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CJR.B (CA$4.01) is trading below our estimate of fair value (CA$35.4)

Significantly Below Fair Value: CJR.B is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Corus Entertainment forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CJR.B's forecast earnings growth (6.6% per year) is above the savings rate (1.6%).

Earnings vs Market: CJR.B's earnings (6.6% per year) are forecast to grow slower than the Canadian market (8% per year).

High Growth Earnings: CJR.B's earnings are forecast to grow, but not significantly.

Revenue vs Market: CJR.B's revenue (0.3% per year) is forecast to grow slower than the Canadian market (6.4% per year).

High Growth Revenue: CJR.B's revenue (0.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CJR.B's Return on Equity is forecast to be low in 3 years time (12.3%).


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Past Performance

How has Corus Entertainment performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CJR.B has high quality earnings.

Growing Profit Margin: CJR.B's current net profit margins (8.8%) are lower than last year (12.2%).


Past Earnings Growth Analysis

Earnings Trend: CJR.B has become profitable over the past 5 years, growing earnings by 7.4% per year.

Accelerating Growth: CJR.B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CJR.B had negative earnings growth (-22.4%) over the past year, making it difficult to compare to the Media industry average (-7.5%).


Return on Equity

High ROE: CJR.B's Return on Equity (12.2%) is considered low.


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Financial Health

How is Corus Entertainment's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CJR.B's short term assets (CA$486.6M) do not cover its short term liabilities (CA$630.7M).

Long Term Liabilities: CJR.B's short term assets (CA$486.6M) do not cover its long term liabilities (CA$2.1B).


Debt to Equity History and Analysis

Debt Level: CJR.B's net debt to equity ratio (93.8%) is considered high.

Reducing Debt: CJR.B's debt to equity ratio has increased from 81.7% to 97.8% over the past 5 years.

Debt Coverage: CJR.B's debt is not well covered by operating cash flow (16.6%).

Interest Coverage: CJR.B's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


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Dividend

What is Corus Entertainment current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.99%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 13 2022Ex Dividend DateSep 14 2022Dividend Pay DateSep 29 202215 days from Ex DividendBuy in the next 32 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CJR.B's dividend (5.99%) is higher than the bottom 25% of dividend payers in the Canadian market (1.82%).

High Dividend: CJR.B's dividend (5.99%) is in the top 25% of dividend payers in the Canadian market (5.32%)


Stability and Growth of Payments

Stable Dividend: CJR.B's dividend payments have been volatile in the past 10 years.

Growing Dividend: CJR.B's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.1%), CJR.B's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27%), CJR.B's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Doug Murphy (59 yo)

7.42yrs

Tenure

CA$4,444,073

Compensation

Mr. Douglas D. Murphy, also known as Doug, HBA, MBA has been the Chief Executive Officer and President of Corus Entertainment Inc. since March 30, 2015. He joined Corus in 2003 as Executive Vice President....


CEO Compensation Analysis

Compensation vs Market: Doug's total compensation ($USD3.47M) is above average for companies of similar size in the Canadian market ($USD1.60M).

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


Leadership Team

Experienced Management: CJR.B's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: CJR.B's board of directors are considered experienced (6.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Corus Entertainment Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Corus Entertainment Inc.
  • Ticker: CJR.B
  • Exchange: TSX
  • Founded: 1998
  • Industry: Broadcasting
  • Sector: Media
  • Implied Market Cap: CA$800.928m
  • Shares outstanding: 201.75m
  • Website: https://www.corusent.com

Number of Employees


Location

  • Corus Entertainment Inc.
  • Corus Quay
  • 25 Dockside Drive
  • Toronto
  • Ontario
  • M5A 0B5
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/05/31
Annual Earnings2021/08/31


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.