TSX:GVC

Stock Analysis Report

Glacier Media

Executive Summary

Glacier Media Inc. operates as an information and marketing solutions company in Canada and the United States.

Rewards

PE ratio (1.7x) is below the Canadian market (15.8x)

Became profitable this year

Risk Analysis

High level of non-cash earnings

Shareholders have been diluted in the past year

Does not have a meaningful market cap (CA$69M)



Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has Glacier Media's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GVC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

GVC

-1.4%

CA Media

1.6%

CA Market


1 Year Return

1.9%

GVC

8.9%

CA Media

10.0%

CA Market

Return vs Industry: GVC underperformed the Canadian Media industry which returned 9.7% over the past year.

Return vs Market: GVC underperformed the Canadian Market which returned 10.4% over the past year.


Shareholder returns

GVCIndustryMarket
7 Day0%-1.4%1.6%
30 Day7.8%-1.4%2.7%
90 Day-17.9%2.3%6.4%
1 Year1.9%1.9%12.9%8.9%13.5%10.0%
3 Year-28.6%-28.6%23.0%8.8%17.5%6.8%
5 Year-62.4%-63.6%21.2%-2.9%36.6%16.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Glacier Media undervalued compared to its fair value and its price relative to the market?

1.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GVC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GVC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: GVC is good value based on its PE Ratio (1.7x) compared to the Media industry average (14.6x).

PE vs Market: GVC is good value based on its PE Ratio (1.7x) compared to the Canadian market (15.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GVC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GVC is good value based on its PB Ratio (0.4x) compared to the CA Media industry average (0.7x).


Next Steps

Future Growth

How is Glacier Media forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.1%

Forecasted Media industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Glacier Media has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Glacier Media performed over the past 5 years?

45.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GVC has a high level of non-cash earnings.

Growing Profit Margin: GVC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GVC has become profitable over the past 5 years, growing earnings by 45.3% per year.

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

Earnings vs Industry: GVC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (5.3%).


Return on Equity

High ROE: GVC's Return on Equity (19.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Glacier Media's financial position?


Financial Position Analysis

Short Term Liabilities: GVC's short term assets (CA$45.7M) exceed its short term liabilities (CA$40.9M).

Long Term Liabilities: GVC's short term assets (CA$45.7M) exceed its long term liabilities (CA$33.4M).


Debt to Equity History and Analysis

Debt Level: GVC's debt to equity ratio (9.8%) is considered satisfactory.

Reducing Debt: GVC's debt to equity ratio has reduced from 25.6% to 9.8% over the past 5 years.

Debt Coverage: GVC's debt is not well covered by operating cash flow (10.3%).

Interest Coverage: Insufficient data to determine if GVC's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: GVC has a low level of unsold assets or inventory.

Debt Coverage by Assets: GVC's debt is covered by short term assets (assets are 2.4x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.9%markettop25%5.4%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate GVC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GVC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GVC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GVC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GVC is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GVC's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

6.8yrs

Average management tenure


CEO

Jonathon James Kennedy 0

22yrs

Tenure

CA$751,791

Compensation

Mr. Jonathon James Leslie Kennedy has been the Chief Executive Officer and President of GVIC Communications Corp. since March 23, 2006. Mr. Kennedy has been the Chief Executive Officer and President of Gla ...


CEO Compensation Analysis

Compensation vs Market: Jonathon James's total compensation ($USD575.42K) is above average for companies of similar size in the Canadian market ($USD165.67K).

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


Management Age and Tenure

6.8yrs

Average Tenure

Experienced Management: GVC's management team is seasoned and experienced (6.8 years average tenure).


Board Age and Tenure

19.7yrs

Average Tenure

Experienced Board: GVC's board of directors are seasoned and experienced ( 19.7 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$90,72324 Dec 19
Burgundy Asset Management Ltd.
EntityCompany
Shares164,951
Max PriceCA$0.55
BuyCA$16,50023 Dec 19
Burgundy Asset Management Ltd.
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Shares30,000
Max PriceCA$0.55
BuyCA$1,42520 Dec 19
Burgundy Asset Management Ltd.
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Shares2,500
Max PriceCA$0.57
SellCA$498,15513 Dec 19
Osmium Partners, LLC
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Shares846,300
Max PriceCA$0.60
BuyCA$189,00010 Dec 19
Burgundy Asset Management Ltd.
EntityCompany
Shares315,000
Max PriceCA$0.60
SellCA$129,39521 Oct 19
Osmium Partners, LLC
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Shares219,500
Max PriceCA$0.59
BuyCA$34006 Sep 19
Osmium Partners, LLC
EntityCompany
Shares500
Max PriceCA$0.68
BuyCA$4,149,50422 Jul 19
Madison Venture Corporation
EntityCompany
Shares6,383,846
Max PriceCA$0.65
BuyCA$13,00018 Jun 19
Orest Smysnuik
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares20,000
Max PriceCA$0.65
BuyCA$773,63731 May 19
Osmium Partners, LLC
EntityCompany
Shares1,216,000
Max PriceCA$0.65
BuyCA$6,500,00423 May 19
Madison Venture Corporation
EntityCompany
Shares10,000,000
Max PriceCA$0.65

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.8%.


Management Team

  • Jonathon James Kennedy

    CEO, President & Director

    • Tenure: 22yrs
    • Compensation: CA$751.79k
  • Bruce Aunger

    Secretary & Director

    • Tenure: 19.8yrs
    • Compensation: CA$29.00k
  • Mark Melville (49yo)

    President of Glacier Business Information

    • Compensation: CA$683.58k
  • Orest Smysnuik

    Chief Financial Officer

    • Tenure: 16yrs
    • Compensation: CA$404.49k
  • Bill Whitelaw

    EVP of Business Information

    • Alvin Brouwer

      President of Lower Mainland Publishing Ltd & Community Digital Media

      • Tenure: 6.8yrs
    • Peter Kvarnstrom

      President of Community Media

      • Bob Willcox

        President of Glacier FarmMedia

        • Tenure: 3.3yrs
      • Janny Vincent

        CEO & President of Fundata

        • Martin Robert

          President of Inceptus Media

          • Tenure: 3.3yrs

        Board Members

        • Andy Robertson (74yo)

          Executive Chairman of InfoMine and Chief Executive Officer of InfoMine

          • Tenure: 3.3yrs
        • Geoffrey Scott

          Independent Director

          • Tenure: 19.8yrs
          • Compensation: CA$28.00k
        • Jonathon James Kennedy

          CEO, President & Director

          • Tenure: 22yrs
          • Compensation: CA$751.79k
        • Sam Grippo

          Chairman of the Board

          • Compensation: CA$25.00k
        • Bruce Aunger

          Secretary & Director

          • Tenure: 19.8yrs
          • Compensation: CA$29.00k
        • Chris Heming

          Director

          • Tenure: 19.7yrs
          • Compensation: CA$43.10k
        • Hugh McKinnon (60yo)

          Director

          • Tenure: 0.2yrs

        Company Information

        Glacier Media Inc.'s company bio, employee growth, exchange listings and data sources


        Key Information

        • Name: Glacier Media Inc.
        • Ticker: GVC
        • Exchange: TSX
        • Founded: 1988
        • Industry: Publishing
        • Sector: Media
        • Market Cap: CA$68.867m
        • Shares outstanding: 125.21m
        • Website: https://www.glaciermedia.ca

        Number of Employees


        Location

        • Glacier Media Inc.
        • 2188 Yukon Street
        • Vancouver
        • British Columbia
        • V5Y 3P1
        • Canada

        Listings

        TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
        GVCTSX (The Toronto Stock Exchange)YesCommon SharesCACADMar 1989
        GLMF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 1989

        Biography

        Glacier Media Inc. operates as an information and marketing solutions company in Canada and the United States. It operates through three segments: Environmental, Property and Financial Information; Commodities Information; and Community Media. The company publishes local daily and weekly newspapers, and related publications, as well as develops Websites and digital products in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec, and the United States. It also provides crucial data, news, and analysis, such as dissect complex markets, news and context, invest with confidence, mitigate risk, benchmark financials, and build sales pipeline solutions; and digital and print advertising, audience delivery, storytelling, and events services. In addition, the company offers research and advisory services; and operates an online real estate portal. It serves clients in various sectors, such as agriculture, energy, mining, real estate, regional business, environmental risk, regulatory compliance, financial data, community media, and weather. The company was formerly known as Glacier Ventures International Corp. and changed its name to Glacier Media Inc. in July 2008. Glacier Media Inc. was founded in 1988 and is headquartered in Vancouver, Canada. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/19 00:05
        End of Day Share Price2020/01/08 00:00
        Earnings2019/09/30
        Annual Earnings2018/12/31


        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.