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DHX Media

TSX:DHX
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DHX
TSX
CA$241M
Market Cap
  1. Home
  2. CA
  3. Media
Company description

DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The last earnings update was 6 days ago. More info.


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  • DHX Media has significant price volatility in the past 3 months.
DHX Share Price and Events
7 Day Returns
-5.8%
TSX:DHX
-2.3%
CA Entertainment
-0.2%
CA Market
1 Year Returns
-
TSX:DHX
-12.9%
CA Entertainment
-1.9%
CA Market
DHX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DHX Media (DHX) -5.8% -10.5% -20.1% - - -
CA Entertainment -2.3% 0.7% -3% -12.9% -47.6% -36.5%
CA Market -0.2% -1.6% 2.1% -1.9% 13.3% 4.3%
1 Year Return vs Industry and Market
  • No trading data on DHX.
  • No trading data on DHX.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is DHX Media undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of DHX Media to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for DHX Media.

TSX:DHX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:DHX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.164 (1 + (1- 26.5%) (276.21%))
2.692
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (2 * 5.96%)
13.87%

Discounted Cash Flow Calculation for TSX:DHX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for DHX Media is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:DHX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 13.87%)
2019 32.60 Analyst x5 28.63
2020 28.46 Analyst x6 21.95
2021 34.38 Est @ 20.8% 23.29
2022 39.58 Est @ 15.14% 23.55
2023 44.01 Est @ 11.18% 22.99
2024 47.71 Est @ 8.41% 21.89
2025 50.80 Est @ 6.47% 20.47
2026 53.40 Est @ 5.11% 18.90
2027 55.62 Est @ 4.16% 17.29
2028 57.57 Est @ 3.5% 15.71
Present value of next 10 years cash flows CA$214.66
TSX:DHX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$57.57 × (1 + 1.95%) ÷ (13.87% – 1.95%)
CA$492.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$492.37 ÷ (1 + 13.87%)10
CA$134.37
TSX:DHX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$214.66 + CA$134.37
CA$349.03
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$349.03 / 134.91
CA$2.59
TSX:DHX Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$2.59
Current discount Discount to share price of CA$1.79
= -1 x (CA$1.79 - CA$2.59) / CA$2.59
30.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price DHX Media is available for.
Intrinsic value
31%
Share price is CA$1.79 vs Future cash flow value of CA$2.59
Current Discount Checks
For DHX Media to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • DHX Media's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • DHX Media's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for DHX Media's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DHX Media's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:DHX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-0.45
TSX:DHX Share Price ** TSX (2019-05-17) in CAD CA$1.79
North America Entertainment Industry PE Ratio Median Figure of 21 Publicly-Listed Entertainment Companies 28.77x
Canada Market PE Ratio Median Figure of 545 Publicly-Listed Companies 14.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of DHX Media.

TSX:DHX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:DHX Share Price ÷ EPS (both in CAD)

= 1.79 ÷ -0.45

-4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DHX Media is loss making, we can't compare its value to the North America Entertainment industry average.
  • DHX Media is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does DHX Media's expected growth come at a high price?
Raw Data
TSX:DHX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
158.1%per year
North America Entertainment Industry PEG Ratio Median Figure of 17 Publicly-Listed Entertainment Companies 2.74x
Canada Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for DHX Media, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on DHX Media's assets?
Raw Data
TSX:DHX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$2.36
TSX:DHX Share Price * TSX (2019-05-17) in CAD CA$1.79
Canada Entertainment Industry PB Ratio Median Figure of 11 Publicly-Listed Entertainment Companies 1.19x
Canada Market PB Ratio Median Figure of 2,407 Publicly-Listed Companies 1.41x
TSX:DHX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:DHX Share Price ÷ Book Value per Share (both in CAD)

= 1.79 ÷ 2.36

0.76x

* Primary Listing of DHX Media.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • DHX Media is good value based on assets compared to the CA Entertainment industry average.
X
Value checks
We assess DHX Media's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
  5. DHX Media has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is DHX Media expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
158.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is DHX Media expected to grow at an attractive rate?
  • DHX Media's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • DHX Media's earnings growth is expected to exceed the Canada market average.
  • DHX Media's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:DHX Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:DHX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 158.1%
TSX:DHX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 4.8%
North America Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 15.1%
Canada Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:DHX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:DHX Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 511 1
2021-06-30 483 75 3
2020-06-30 454 69 6 11
2019-06-30 438 52 -19 11
TSX:DHX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 428 24 -60
2018-12-31 435 28 -50
2018-09-30 440 15 -25
2018-06-30 434 13 -14
2018-03-31 425 12 -11
2017-12-31 387 -11 5
2017-09-30 343 -13 3
2017-06-30 299 -7 -4
2017-03-31 286 -6 13
2016-12-31 292 3 16
2016-09-30 295 -14 22
2016-06-30 305 -21 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • DHX Media's earnings are expected to grow significantly at over 20% yearly.
  • DHX Media's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:DHX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from DHX Media Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:DHX Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30
2021-06-30
2020-06-30 -0.14 0.03 -0.31 2.00
2019-06-30 -0.34 -0.31 -0.37 2.00
TSX:DHX Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -0.45
2018-12-31 -0.37
2018-09-30 -0.18
2018-06-30 -0.10
2018-03-31 -0.08
2017-12-31 0.04
2017-09-30 0.02
2017-06-30 -0.03
2017-03-31 0.10
2016-12-31 0.12
2016-09-30 0.17
2016-06-30 0.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • DHX Media is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess DHX Media's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
DHX Media has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has DHX Media performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare DHX Media's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • DHX Media does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare DHX Media's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare DHX Media's 1-year growth to the North America Entertainment industry average as it is not currently profitable.
Earnings and Revenue History
DHX Media's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from DHX Media Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:DHX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 428.41 -60.34 81.87
2018-12-31 434.91 -49.91 84.13
2018-09-30 439.83 -24.56 85.56
2018-06-30 434.42 -14.06 86.20
2018-03-31 424.70 -10.76 81.07
2017-12-31 386.56 4.80 77.39
2017-09-30 343.50 3.14 76.32
2017-06-30 298.71 -3.63 74.13
2017-03-31 286.40 12.93 76.79
2016-12-31 292.15 15.60 77.28
2016-09-30 294.74 21.52 75.98
2016-06-30 304.82 27.67 75.61
2016-03-31 300.66 33.11 70.95
2015-12-31 302.14 40.92 68.01
2015-09-30 284.92 34.79 64.41
2015-06-30 264.04 19.53 59.09
2015-03-31 222.61 16.88 52.46
2014-12-31 166.06 0.65 44.37
2014-09-30 132.16 -2.08 38.18
2014-06-30 116.13 7.81 34.28
2014-03-31 112.55 7.51 32.67
2013-12-31 114.75 6.61 29.46
2013-09-30 110.75 4.09 30.63
2013-06-30 97.26 1.86 26.26
2013-03-31 85.51 1.47 22.64
2012-12-31 70.90 1.11 21.66
2012-09-30 69.22 2.66 16.09
2012-06-30 72.65 3.05 16.08

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if DHX Media has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if DHX Media has efficiently used its assets last year compared to the North America Entertainment industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if DHX Media improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess DHX Media's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
DHX Media has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is DHX Media's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up DHX Media's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DHX Media is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DHX Media's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of DHX Media's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from DHX Media Company Filings, last reported 1 month ago.

TSX:DHX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 576.66 667.04 42.16
2018-12-31 605.47 678.47 45.54
2018-09-30 596.04 648.73 46.29
2018-06-30 400.79 866.60 46.55
2018-03-31 423.88 856.51 48.32
2017-12-31 422.65 839.52 43.87
2017-09-30 422.34 832.22 52.02
2017-06-30 415.85 1,084.56 62.14
2017-03-31 344.85 395.50 49.90
2016-12-31 343.69 385.35 58.21
2016-09-30 338.69 384.01 71.36
2016-06-30 336.84 384.08 80.45
2016-03-31 278.95 413.20 48.74
2015-12-31 277.22 420.47 60.56
2015-09-30 265.02 349.63 25.51
2015-06-30 261.95 350.56 42.91
2015-03-31 255.24 341.13 32.54
2014-12-31 241.44 335.08 27.36
2014-09-30 211.98 275.64 23.86
2014-06-30 223.35 111.33 26.68
2014-03-31 207.76 106.37 30.28
2013-12-31 206.62 103.04 35.99
2013-09-30 166.33 109.98 7.10
2013-06-30 162.88 92.12 12.64
2013-03-31 164.70 94.22 20.28
2012-12-31 164.81 93.01 14.96
2012-09-30 78.90 30.94 20.10
2012-06-30 78.90 29.64 22.49
  • DHX Media's level of debt (115.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (51.2% vs 115.7% today).
  • Debt is not well covered by operating cash flow (3.6%, less than 20% of total debt).
  • DHX Media is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess DHX Media's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. DHX Media has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is DHX Media's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from DHX Media dividends. Estimated to be 0% next year.
If you bought CA$2,000 of DHX Media shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate DHX Media's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate DHX Media's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:DHX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
North America Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:DHX Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30
2021-06-30 0.00 1.00
2020-06-30 0.00 1.00
2019-06-30 0.00 1.00
TSX:DHX Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2018-09-25 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as DHX Media has not reported any payouts.
  • Unable to verify if DHX Media's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of DHX Media's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as DHX Media has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of DHX Media's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess DHX Media's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can DHX Media afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DHX Media has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Donovan
COMPENSATION CA$1,077,276
AGE 65
TENURE AS CEO 1.3 years
CEO Bio

Mr. Michael Patrick Donovan has been the Executive Chairman of DHX Media Ltd. since July 31, 2014 and its CEO since February 26, 2018. Mr. Donovan served as the Chief Executive Officer of DHX Media Ltd. (alternate name: The Halifax Film Company Ltd.) from 2006 to July 31, 2014. Mr. Donovan served as the Chief Executive Officer of Salter Street Films Ltd.(Canada). He co-founded Salter Street Films in 1983. He serves as the Chairman of NSCAD. He served as Chairman at Salter Street Films Ltd.(Canada). He has been a Director of DHX Media Ltd. since February 12, 2004. He served as a Director of SimplyCast Inc. since December 2009. He served as a Director of Knightscove Media Corp. and Queen Street Entertainment Capital Inc. since July 2004. He served as a Director of BroadShift, Inc. He is a Non-practicing Member of the Barristers Society of Nova Scotia. He was a Member of the Board of the Academy of Canadian Cinema and Television. He has been recognized with numerous awards for his work in the television and film industry, including an Academy Award for the feature documentary Bowling for Columbine. Mr. Donovan is a member of the National Advisory Council of the Academy of Canadian Cinema and Television, and is the former Chair of the Board of Trustees of the Nova Scotia College of Art and Design (NSCAD). Mr. Donovan is one of the creators of This Hour Has 22 Minutes, one of Canada’s longest-running television comedy series; and he was producer and one of the creators of the multiple award-winning feature film, Shake Hands With the Devil. Mr. Donavan holds BA, LLB and LLD (Hon) degrees from Dalhousie University in 1974, 1977 and 2004 respectively.

CEO Compensation
  • Michael's compensation has increased whilst company is loss making.
  • Michael's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the DHX Media management team in years:

1.2
Average Tenure
53.5
Average Age
  • The average tenure for the DHX Media management team is less than 2 years, this suggests a new team.
Management Team

Michael Donovan

TITLE
Executive Chairman & CEO
COMPENSATION
CA$1M
AGE
65
TENURE
1.3 yrs

Doug Lamb

TITLE
Chief Financial Officer
COMPENSATION
CA$454K
AGE
56
TENURE
1.3 yrs

Aaron Ames

TITLE
Chief Operating Officer
COMPENSATION
CA$921K
AGE
49
TENURE
1.1 yrs

Roz Nowicki

TITLE
Executive Vice President of Peanuts Worldwide
COMPENSATION
CA$1M
TENURE
0.6 yrs

Josh Scherba

TITLE
President
COMPENSATION
CA$883K
TENURE
1.1 yrs

Steven DeNure

TITLE
Co-Founder
COMPENSATION
CA$3M
AGE
59

Nancy Chan-Palmateer

TITLE
Director of Investor Relations

Mark Gosine

TITLE
Executive VP of Legal Affairs
AGE
51

Shaun Smith

TITLE
Director of Corporate & Trade Communications

David Regan

TITLE
Executive Vice President of Strategy & Corporate Development
COMPENSATION
CA$345K
AGE
49
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the DHX Media board of directors in years:

3.4
Average Tenure
63
Average Age
  • The tenure for the DHX Media board of directors is about average.
Board of Directors

Michael Donovan

TITLE
Executive Chairman & CEO
COMPENSATION
CA$1M
AGE
65
TENURE
4.8 yrs

Don Wright

TITLE
Vice Chairman & Lead Director
COMPENSATION
CA$359K
AGE
70

D. Machum

TITLE
Non-Executive Director
COMPENSATION
CA$289K
AGE
58
TENURE
5 yrs

Elizabeth Beale

TITLE
Non-Executive Independent Director
COMPENSATION
CA$283K
AGE
67
TENURE
4.4 yrs

David Colville

TITLE
Non-Executive Independent Director
COMPENSATION
CA$155K
AGE
73
TENURE
5 yrs

Deborah Drisdell

TITLE
Non-Executive Director
COMPENSATION
CA$157K
AGE
55
TENURE
3.4 yrs

Alan Hibben

TITLE
Non-Executive Independent Director
COMPENSATION
CA$56K
AGE
65
TENURE
1.2 yrs

Jonathan Whitcher

TITLE
Non-Executive Director
COMPENSATION
CA$31K
AGE
39
TENURE
0.9 yrs

Amanda Cupples

TITLE
Non-Executive Independent Director
AGE
37
TENURE
0.4 yrs

Eric Ellenbogen

TITLE
Non-Executive Independent Director
AGE
61
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by DHX Media insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
12. Apr 19 Buy Jonathan Whitcher Individual 08. Apr 19 10. Apr 19 35,000 CA$1.95 CA$67,201
05. Apr 19 Buy Jonathan Whitcher Individual 02. Apr 19 05. Apr 19 71,290 CA$2.20 CA$145,820
29. Mar 19 Buy Jonathan Whitcher Individual 26. Mar 19 29. Mar 19 15,000 CA$1.64 CA$24,428
22. Feb 19 Buy Jonathan Whitcher Individual 15. Feb 19 22. Feb 19 47,000 CA$2.21 CA$102,470
08. Feb 19 Buy EastBay Asset Management LLC Company 20. Dec 18 09. Jan 19 663,500 CA$2.43 CA$1,553,210
17. Jan 19 Buy Jonathan Whitcher Individual 07. Jan 19 11. Jan 19 26,500 CA$2.44 CA$63,556
15. Jan 19 Buy Eric Ellenbogen Individual 11. Jan 19 11. Jan 19 50,000 CA$1.82 CA$90,980
04. Jan 19 Buy Jonathan Whitcher Individual 03. Jan 19 03. Jan 19 7,250 CA$2.24 CA$16,240
25. Dec 18 Buy Jonathan Whitcher Individual 21. Dec 18 24. Dec 18 17,500 CA$2.51 CA$42,327
01. Jan 19 Buy Jonathan Whitcher Individual 27. Dec 18 27. Dec 18 10,000 CA$2.18 CA$21,835
14. Dec 18 Buy Fine Capital Partners, L.P. Company 10. Dec 18 14. Dec 18 562,070 CA$3.32 CA$1,765,786
07. Dec 18 Buy Fine Capital Partners, L.P. Company 04. Dec 18 07. Dec 18 475,000 CA$3.53 CA$1,634,868
27. Nov 18 Buy Fine Capital Partners, L.P. Company 22. Nov 18 27. Nov 18 1,192,900 CA$3.32 CA$3,891,513
03. Oct 18 Buy Jonathan Whitcher Individual 28. Sep 18 03. Oct 18 480,240 CA$2.07 CA$965,113
03. Dec 18 Buy Fine Capital Partners, L.P. Company 28. Nov 18 03. Dec 18 1,647,800 CA$3.61 CA$5,750,398
29. Nov 18 Buy Fine Capital Partners, L.P. Company 21. Nov 18 29. Nov 18 2,026,300 CA$3.47 CA$6,635,170
21. Nov 18 Buy Fine Capital Partners, L.P. Company 16. Nov 18 21. Nov 18 1,352,600 CA$3.11 CA$4,115,562
20. Nov 18 Buy Fine Capital Partners, L.P. Company 16. Nov 18 20. Nov 18 1,026,600 CA$2.99 CA$3,038,920
12. Oct 18 Buy Jonathan Whitcher Individual 09. Oct 18 12. Oct 18 95,300 CA$2.32 CA$205,224
09. Oct 18 Buy Jonathan Whitcher Individual 04. Oct 18 05. Oct 18 90,408 CA$2.11 CA$186,905
09. Oct 18 Buy Fine Capital Partners, L.P. Company 05. Oct 18 05. Oct 18 75,000 CA$2.10 CA$157,309
02. Oct 18 Buy Fine Capital Partners, L.P. Company 27. Sep 18 27. Sep 18 1,260,000 CA$2.03 CA$2,505,493
27. Sep 18 Buy Dc Communications Consulting Ltd. Company 27. Sep 18 27. Sep 18 10,000 CA$1.81 CA$18,100
27. Sep 18 Buy Deborah Drisdell Individual 27. Sep 18 27. Sep 18 13,200 CA$1.90 CA$25,076
X
Management checks
We assess DHX Media's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. DHX Media has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Have Insiders Been Buying DHX Media Ltd. (TSE:DHX) Shares?

So we'll take a look at whether insiders have been buying or selling shares in DHX Media Ltd. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for DHX Media The Last 12 Months Of Insider Transactions At DHX Media Over the last year, we can see that the biggest insider purchase was by Non-Executive Director Jonathan Whitcher for CA$965k worth of shares, at about CA$2.07 per share. … When combined with notable insider ownership, these factors suggest DHX Media insiders are well aligned, and that they may think the share price is too low.

Simply Wall St -

Is DHX Media Ltd.'s (TSE:DHX) Balance Sheet Strong Enough To Weather A Storm?

(TSE:DHX) is a small-cap stock with a market capitalization of CA$397m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

Could The DHX Media Ltd (TSE:DHX) Ownership Structure Tell Us Something Useful?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Taking a look at the our data on the ownership groups (below), it's seems that. … institutions own shares in the company

Simply Wall St -

An Intrinsic Calculation For DHX Media Ltd (TSE:DHX) Shows It's 45.09% Undervalued

How far off is DHX Media Ltd (TSE:DHX) from its intrinsic value? … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

DHX Media Ltd (TSE:DHX): A Look At Return On Capital

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently DHX Media is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

How Financially Strong Is DHX Media Ltd (TSE:DHX)?

Investors are always looking for growth in small-cap stocks like DHX Media Ltd (TSE:DHX), with a market cap of CA$416.17m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Company Info

Description

DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented. It focuses on children’s, youth, and family productions; offers animation programs; and provides production services. The company also sells initial broadcast rights; the packages of programs; and reuse rights to existing series to individual broadcasters and other content exhibitors, as well as pre-sells series in development. In addition, the company holds broadcast licenses for Family Channel, Family Jr., Télémagino, and Family CHRGD television channels; and exploits the company’s own and third party brands in toys, games, apparel, publishing, and other categories. Further, it licenses its brands, such as Peanuts, Strawberry Shortcake, Teletubbies, Yo Gabba Gabba!, Caillou, Johnny Test, In the Night Garden, and Twirlywoos, as well as music publishing and retransmission rights, and live tours. The company was formerly known as The Halifax Film Company Limited and changed its name to DHX Media Ltd. in March 2006. DHX Media Ltd. was incorporated in 2004 and is headquartered in Halifax, Canada.

Details
Name: DHX Media Ltd.
DHX
Exchange: TSX
Founded: 2004
CA$241,494,658
134,913,217
Website: http://www.dhxmedia.com
Address: DHX Media Ltd.
1478 Queen Street,
Halifax,
Nova Scotia, B3J 2H7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX DHX Common Variable Voting Shares The Toronto Stock Exchange CA CAD 31. May 2018
NasdaqGS DHXM Common Variable Voting Shares Nasdaq Global Select US USD 31. May 2018
TSX DHX.B Common Voting Shares The Toronto Stock Exchange CA CAD 19. May 2006
DB D6XV Variable Voting Shares Deutsche Boerse AG DE EUR 09. Oct 2014
Number of employees
Current staff
Staff numbers
505
DHX Media employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 03:31
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.