TSX:CJR.B

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Corus Entertainment

Market Cap

CA$1.2b

Last Updated

2021/07/31 23:00 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Undervalued with acceptable track record.


Similar Companies

Share Price & News

How has Corus Entertainment's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CJR.B is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CJR.B's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.2%

CJR.B

-0.7%

CA Media

1.4%

CA Market


1 Year Return

141.3%

CJR.B

32.4%

CA Media

29.1%

CA Market

Return vs Industry: CJR.B exceeded the Canadian Media industry which returned 32.4% over the past year.

Return vs Market: CJR.B exceeded the Canadian Market which returned 29.1% over the past year.


Shareholder returns

CJR.BIndustryMarket
7 Day1.2%-0.7%1.4%
30 Day-9.0%-0.2%-0.2%
90 Day-1.5%0.9%3.9%
1 Year154.5%141.3%37.1%32.4%33.0%29.1%
3 Year61.5%36.6%47.6%33.2%31.5%18.7%
5 Year-32.8%-54.7%63.9%35.9%51.8%29.4%

Long-Term Price Volatility Vs. Market

How volatile is Corus Entertainment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Corus Entertainment undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CJR.B (CA$5.79) is trading below our estimate of fair value (CA$17.9)

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


Price To Earnings Ratio

PE vs Industry: CJR.B is good value based on its PE Ratio (6.6x) compared to the Canadian Media industry average (10.1x).

PE vs Market: CJR.B is good value based on its PE Ratio (6.6x) compared to the Canadian market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: CJR.B's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CJR.B is good value based on its PB Ratio (1.1x) compared to the CA Media industry average (1.7x).


Future Growth

How is Corus Entertainment forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CJR.B's earnings are forecast to decline over the next 3 years (-1.5% per year).

Earnings vs Market: CJR.B's earnings are forecast to decline over the next 3 years (-1.5% per year).

High Growth Earnings: CJR.B's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CJR.B's revenue (3% per year) is forecast to grow slower than the Canadian market (5.4% per year).

High Growth Revenue: CJR.B's revenue (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 (13.5%).


Past Performance

How has Corus Entertainment performed over the past 5 years?

-28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CJR.B has high quality earnings.

Growing Profit Margin: CJR.B became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CJR.B has become profitable over the past 5 years, growing earnings by -28.7% per year.

Accelerating Growth: CJR.B has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CJR.B has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (19.7%).


Return on Equity

High ROE: CJR.B's Return on Equity (16.9%) is considered low.


Financial Health

How is Corus Entertainment's financial position?


Financial Position Analysis

Short Term Liabilities: CJR.B's short term assets (CA$484.0M) do not cover its short term liabilities (CA$600.7M).

Long Term Liabilities: CJR.B's short term assets (CA$484.0M) do not cover its long term liabilities (CA$2.2B).


Debt to Equity History and Analysis

Debt Level: CJR.B's debt to equity ratio (115.3%) is considered high.

Reducing Debt: CJR.B's debt to equity ratio has increased from 88.2% to 115.3% over the past 5 years.

Debt Coverage: CJR.B's debt is well covered by operating cash flow (22.9%).

Interest Coverage: CJR.B's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Dividend

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

4.15%

Current Dividend Yield


Upcoming Dividend Payment

TodayAug 01 2021Ex Dividend DateSep 14 2021Dividend Pay DateSep 30 202116 days from Ex DividendBuy in the next 44 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CJR.B's dividend (4.15%) is higher than the bottom 25% of dividend payers in the Canadian market (1.58%).

High Dividend: CJR.B's dividend (4.15%) is low compared to the top 25% of dividend payers in the Canadian market (4.57%).


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.3%), CJR.B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CJR.B's dividends in 3 years are forecast to be well covered by earnings (30.2% payout ratio).


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Doug Murphy (58 yo)

6.33yrs

Tenure

CA$4,038,241

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. Mr. Murphy served as the Chief Operating Officer and...


CEO Compensation Analysis

Compensation vs Market: Doug's total compensation ($USD3.24M) is above average for companies of similar size in the Canadian market ($USD1.19M).

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 (5.3 years average tenure).


Board Members

Experienced Board: CJR.B's board of directors are considered experienced (5.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Corus Entertainment Inc.
  • Ticker: CJR.B
  • Exchange: TSX
  • Founded: 1998
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: CA$1.206b
  • Shares outstanding: 208.37m
  • Website: https://www.corusent.com

Number of Employees


Location

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

Listings


Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 23:00
End of Day Share Price2021/07/30 00:00
Earnings2021/05/31
Annual Earnings2020/08/31


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.