Corus Entertainment Inc., a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally.
Undervalued average dividend payer.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CJR.B underperformed the Canadian Media industry which returned -13.1% over the past year.
Return vs Market: CJR.B underperformed the Canadian Market which returned -19.7% over the past year.
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
5 days ago | Simply Wall StOne Thing To Remember About The Corus Entertainment Inc. (TSE:CJR.B) Share Price
2 weeks ago | Simply Wall StIntroducing Corus Entertainment (TSE:CJR.B), The Stock That Tanked 89%
1 month ago | Simply Wall StInterested In Corus Entertainment Inc. (TSE:CJR.B)’s Upcoming 1.4% Dividend? You Have 4 Days Left
Is Corus Entertainment undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CJR.B (CA$2.82) is trading below our estimate of fair value (CA$11.54)
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 (3.2x) compared to the Media industry average (7x).
PE vs Market: CJR.B is good value based on its PE Ratio (3.2x) compared to the Canadian market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CJR.B's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CJR.B is good value based on its PB Ratio (0.4x) compared to the CA Media industry average (0.6x).
How is Corus Entertainment forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if CJR.B's forecast earnings growth is above the savings rate (1.4%).
Earnings vs Market: Insufficient data to determine if CJR.B's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CJR.B's revenue is expected to decline over the next 3 years (-1.6% per year).
High Growth Revenue: CJR.B's revenue is forecast to decline over the next 3 years (-1.6% 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 (8.5%).
How has Corus Entertainment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CJR.B has a large one-off loss of CA$139.0M impacting its February 29 2020 financial results.
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 -20% 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 (81.7%).
Return on Equity
High ROE: CJR.B's Return on Equity (11.6%) is considered low.
How is Corus Entertainment's financial position?
Financial Position Analysis
Short Term Liabilities: CJR.B's short term assets (CA$489.4M) do not cover its short term liabilities (CA$611.1M).
Long Term Liabilities: CJR.B's short term assets (CA$489.4M) do not cover its long term liabilities (CA$2.6B).
Debt to Equity History and Analysis
Debt Level: CJR.B's debt to equity ratio (92.5%) is considered high.
Reducing Debt: CJR.B's debt to equity ratio has increased from 68.9% to 92.5% over the past 5 years.
Debt Coverage: CJR.B's debt is well covered by operating cash flow (20.2%).
Interest Coverage: CJR.B's interest payments on its debt are well covered by EBIT (4.8x coverage).
What is Corus Entertainment's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CJR.B's dividend (8.51%) is higher than the bottom 25% of dividend payers in the Canadian market (2.4%).
High Dividend: CJR.B's dividend (8.51%) is in the top 25% of dividend payers in the Canadian market (7.78%)
Stability and Growth of Payments
Stable Dividend: CJR.B's dividend payments have been volatile in the past 10 years.
Growing Dividend: CJR.B's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.3%), CJR.B's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CJR.B's dividends in 3 years are forecast to be well covered by earnings (33.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Doug Murphy (56yo)
Mr. Douglas D. Murphy, also known as Doug, HBA, MBA has been the Chief Executive Officer and President of Corus Entertainment Inc. since March 30, 2015. Mr. Murphy served as the Chief Operating Officer and ...
CEO Compensation Analysis
Compensation vs Market: Doug's total compensation ($USD3.42M) is above average for companies of similar size in the Canadian market ($USD1.20M).
Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.
|Executive Chairman of the Board||20.58yrs||CA$1.42m||1.14% CA$6.7m|
|Executive VP & CFO||3.75yrs||CA$2.51m||0.0072% CA$42.3k|
|Executive Vice President of Broadcast Networks||no data||CA$1.25m||0.0078% CA$46.0k|
|Executive VP & Chief Revenue Officer||4.08yrs||CA$1.95m||0.0099% CA$58.0k|
|Executive Vice President of Technology||4.08yrs||no data||0.0064% CA$37.3k|
|Vice President of Facilities & Administration||no data||no data||no data|
|Director of Investor Relations||no data||no data||no data|
|Executive VP & General Counsel||no data||no data||0.0039% CA$23.1k|
|Executive Vice President of People & Communications||4.08yrs||no data||0.0062% CA$36.4k|
Experienced Management: CJR.B's management team is considered experienced (4.1 years average tenure).
|Executive Chairman of the Board||20.58yrs||CA$1.42m||1.14% CA$6.7m|
|Independent Director||4yrs||CA$83.13k||0.034% CA$197.4k|
|Independent Director||1.25yrs||CA$69.38k||0.00050% CA$2.9k|
|Independent Director||8.83yrs||CA$102.50k||no data|
|Vice Chairman of the Board||12yrs||CA$95.63k||0.71% CA$4.2m|
|Independent Lead Director||4.25yrs||CA$90.00k||0.0068% CA$40.1k|
|Independent Director||5.75yrs||CA$117.55k||0.016% CA$93.7k|
|Independent Director||0.083yr||no data||no data|
|Independent Director||6.25yrs||CA$90.00k||0.0080% CA$46.7k|
Experienced Board: CJR.B's board of directors are considered experienced (5.4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Corus Entertainment Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Corus Entertainment Inc.
- Ticker: CJR.B
- Exchange: TSX
- Founded: 1998
- Industry: Broadcasting
- Sector: Media
- Market Cap: CA$586.890m
- Shares outstanding: 208.12m
- Website: https://www.corusent.com
Number of Employees
- Corus Entertainment Inc.
- Corus Quay
- 25 Dockside Drive
- M5A 0B5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CJR.B||TSX (The Toronto Stock Exchange)||Yes||Class B Non-Voting Shares||CA||CAD||Aug 1999|
|CJRE.F||OTCPK (Pink Sheets LLC)||Yes||Class B Non-Voting Shares||US||USD||Aug 1999|
|9CO||DB (Deutsche Boerse AG)||Yes||Class B Non-Voting Shares||DE||EUR||Aug 1999|
|0UR4||LSE (London Stock Exchange)||Yes||Class B Non-Voting Shares||GB||CAD||Aug 1999|
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 35 specialty television networks and 15 conventional television stations. It is also involved in the production and distribution of films and television programs; production and distribution of animation software; and merchandise licensing and book publishing activities. In addition, this segment provides social digital agency and social influencer network, as well as media and technology services. Its primary brands include Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, History, Showcase, Adult Swim, National Geographic, Disney Channel Canada, YTV, and Nickelodeon Canada. The Radio segment operates 39 radio stations that include a network of news-talk radio stations, as well as classic rock, country, new rock, and contemporary music formats. The company also provides children’s animated content and related consumer products; and digital content and animation creation software. Corus Entertainment Inc. was founded in 1998 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/10 05:08|
|End of Day Share Price||2020/04/09 00:00|
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.