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CJR.

Corus Entertainment TSX:CJR.B Stock Report

Last Price

CA$2.36

Market Cap

CA$472.6m

7D

-6.7%

1Y

-58.9%

Updated

28 Sep, 2022

Data

Company Financials +
CJR.B fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
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$2.36
52 Week HighCA$5.99
52 Week LowCA$2.23
Beta1.77
1 Month Change-37.07%
3 Month Change-33.14%
1 Year Change-58.89%
3 Year Change-55.22%
5 Year Change-81.85%
Change since IPO-75.48%

Recent News & Updates

Sep 10
Why Corus Entertainment Inc. (TSE:CJR.B) Could Be Worth Watching

Why Corus Entertainment Inc. (TSE:CJR.B) Could Be Worth Watching

While Corus Entertainment Inc. ( TSE:CJR.B ) might not be the most widely known stock at the moment, it received a lot...

Shareholder Returns

CJR.BCA MediaCA Market
7D-6.7%-2.4%-2.9%
1Y-58.9%-18.6%-5.6%

Return vs Industry: CJR.B underperformed the Canadian Media industry which returned -18.3% over the past year.

Return vs Market: CJR.B underperformed the Canadian Market which returned -7.3% over the past year.

Price Volatility

Is CJR.B's price volatile compared to industry and market?
CJR.B volatility
CJR.B Average Weekly Movement6.3%
Media Industry Average Movement5.2%
Market Average Movement9.8%
10% most volatile stocks in CA Market18.2%
10% least volatile stocks in CA Market3.8%

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$472.58m
Earnings (TTM)CA$141.93m
Revenue (TTM)CA$1.62b

3.3x

P/E Ratio

0.3x

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

Oct 21, 2022

Earnings per share (EPS)0.71
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

10.2%

Current Dividend Yield

35%

Payout Ratio
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/Revenue1.2x
Enterprise Value/EBITDA4.2x
PEG Ratio-1.4x

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 Average7.3x
RAY.A Stingray Group
10x15.1%CA$384.2m
TVA.B TVA Group
6.2xn/aCA$91.6m
ZUM ZoomerMedia
6.9xn/aCA$29.8m
CGO Cogeco
6x2.2%CA$875.4m
CJR.B Corus Entertainment
3.3x-2.3%CA$472.6m

Price-To-Earnings vs Peers: CJR.B is good value based on its Price-To-Earnings Ratio (3.3x) compared to the peer average (7.3x).


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 (3.3x) compared to the North American Media industry average (9.6x)


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 Ratio3.3x
Fair PE Ratio9.7x

Price-To-Earnings vs Fair Ratio: CJR.B is good value based on its Price-To-Earnings Ratio (3.3x) compared to the estimated Fair Price-To-Earnings Ratio (9.7x).


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$2.36) is trading below our estimate of fair value (CA$22.54)

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

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-2.3%

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 (-2.3% per year).

Earnings vs Market: CJR.B's earnings are forecast to decline over the next 3 years (-2.3% 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 is expected to decline over the next 3 years (-1% per year).

High Growth Revenue: CJR.B's revenue is forecast to decline over the next 3 years (-1% 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 (10.3%).


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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 (-9%).


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


10.17%

Current Dividend Yield

Dividend Yield vs Market

Corus Entertainment Dividend Yield vs Market
How does Corus Entertainment dividend yield compare to the market?
SegmentDividend Yield
Company (Corus Entertainment)10.2%
Market Bottom 25% (CA)2.0%
Market Top 25% (CA)6.0%
Industry Average (Media)4.0%
Analyst forecast in 3 Years (Corus Entertainment)10.2%

Notable Dividend: CJR.B's dividend (10.17%) is higher than the bottom 25% of dividend payers in the Canadian market (2.06%).

High Dividend: CJR.B's dividend (10.17%) is in the top 25% of dividend payers in the Canadian market (6.13%)


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 (26.8%), CJR.B's dividend payments are well covered by cash flows.


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Management

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

6.5yrs

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

Doug Murphy's Compensation vs Corus Entertainment Earnings
How has Doug Murphy's remuneration changed compared to Corus Entertainment's earnings?
DateTotal Comp.SalaryCompany Earnings
May 31 2022n/an/a

CA$142m

Feb 28 2022n/an/a

CA$153m

Nov 30 2021n/an/a

CA$172m

Aug 31 2021CA$4mCA$900k

CA$173m

May 31 2021n/an/a

CA$183m

Feb 28 2021n/an/a

-CA$610m

Nov 30 2020n/an/a

-CA$627m

Aug 31 2020CA$4mCA$900k

-CA$625m

May 31 2020n/an/a

-CA$633m

Feb 29 2020n/an/a

CA$186m

Nov 30 2019n/an/a

CA$174m

Aug 31 2019CA$5mCA$900k

CA$156m

May 31 2019n/an/a

CA$167m

Feb 28 2019n/an/a

-CA$835m

Nov 30 2018n/an/a

-CA$802m

Aug 31 2018CA$4mCA$900k

-CA$785m

May 31 2018n/an/a

-CA$789m

Feb 28 2018n/an/a

CA$213m

Nov 30 2017n/an/a

CA$198m

Aug 31 2017CA$5mCA$900k

CA$192m

May 31 2017n/an/a

CA$161m

Feb 28 2017n/an/a

CA$78m

Nov 30 2016n/an/a

CA$156m

Aug 31 2016CA$4mCA$842k

CA$126m

Compensation vs Market: Doug's total compensation ($USD3.25M) is above average for companies of similar size in the Canadian market ($USD1.28M).

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 (6.5 years average tenure).


Board Members

Experienced Board: CJR.B's board of directors are considered experienced (6.9 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

TSX:CJR.B Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
31 May 22BuyCA$90,000Douglas MurphyIndividual20,000CA$4.50
19 Apr 22BuyCA$48,375Barry JamesIndividual10,750CA$4.50
18 Nov 21SellCA$39John GosslingIndividual7CA$5.61
27 Oct 21BuyCA$127,227Douglas MurphyIndividual22,652CA$5.70

Ownership Breakdown

What is the ownership structure of CJR.B?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders5,435,6262.7%
Private Companies5,474,5682.7%
Institutions41,719,43420.8%
General Public147,617,73073.7%

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


Top Shareholders

Top 25 shareholders own 25.48% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.39%
FMR LLC
16,799,054CA$39.6m0%no data
3.96%
Dimensional Fund Advisors LP
7,928,016CA$18.7m0.4%no data
1.72%
CI Global Asset Management
3,451,692CA$8.1m0.08%0.02%
1.63%
Heather Shaw
3,258,115CA$7.7m0%no data
1.44%
Jrs Ltd.
2,885,530CA$6.8m0%no data
0.97%
PenderFund Capital Management Ltd.
1,935,515CA$4.6m2.42%1.05%
0.95%
1832 Asset Management L.P.
1,898,320CA$4.5m18.95%0.01%
0.91%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
1,818,721CA$4.3m-4.31%no data
0.74%
Julie Shaw
1,485,252CA$3.5m0%no data
0.66%
NewGen Asset Management Limited
1,327,800CA$3.1m-7%1.26%
0.49%
Geode Capital Management, LLC
973,413CA$2.3m0%no data
0.47%
Charles Schwab Investment Management, Inc.
947,369CA$2.2m4.19%no data
0.47%
HAS Family Holdings Ltd
932,441CA$2.2m0%no data
0.47%
Desjardins Global Asset Management Inc.
932,200CA$2.2m0%0.02%
0.41%
Jupiter Fund Management Plc
813,862CA$1.9m3.93%no data
0.34%
Jms Family Holdings Ltd.
689,324CA$1.6m0%no data
0.31%
Bss Family Holdings Ltd.
622,583CA$1.5m0%no data
0.21%
Matco Financial Inc.
413,610CA$976.1k14.7%0.39%
0.17%
Timelo Investment Management Inc.
345,900CA$816.3k0%0.58%
0.17%
Cathton Investments Ltd.
343,332CA$810.3k0%no data
0.15%
Douglas Murphy
303,675CA$716.7k7.05%no data
0.15%
Invenomic Capital Management, LP
292,986CA$691.4k-9.38%0.08%
0.14%
Connor, Clark & Lunn Investment Management Ltd.
285,500CA$673.8k1.49%no data
0.091%
Cambria Investment Management, L.P.
182,700CA$431.2k3.28%0.03%
0.076%
Eaton Vance Management
151,400CA$357.3k0%no data

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$472.584m
  • Shares outstanding: 200.25m
  • Website: https://www.corusent.com

Number of Employees


Location

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


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CJR.BTSX (The Toronto Stock Exchange)YesClass B Non-Voting SharesCACADAug 1999
CJRE.FOTCPK (Pink Sheets LLC)YesClass B Non-Voting SharesUSUSDAug 1999
9CODB (Deutsche Boerse AG)YesClass B Non-Voting SharesDEEURAug 1999
0UR4LSE (London Stock Exchange)YesClass B Non-Voting SharesGBCADAug 1999

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 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.