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Shaw Communications TSX:SJR.B Stock Report

Last Price


Market Cap







27 Jun, 2022


Company Financials +
SJR.B fundamental analysis
Snowflake Score
Future Growth1/6
Past Performance5/6
Financial Health3/6

SJR.B Stock Overview

Shaw Communications Inc. operates as a connectivity company in North America.

Shaw Communications Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shaw Communications
Historical stock prices
Current Share PriceCA$37.99
52 Week HighCA$39.49
52 Week LowCA$33.42
1 Month Change5.59%
3 Month Change-2.39%
1 Year Change6.65%
3 Year Change42.18%
5 Year Change34.29%
Change since IPO2,727.16%

Recent News & Updates

Shareholder Returns

SJR.BCA MediaCA Market

Return vs Industry: SJR.B exceeded the Canadian Media industry which returned -5.1% over the past year.

Return vs Market: SJR.B exceeded the Canadian Market which returned -4% over the past year.

Price Volatility

Is SJR.B's price volatile compared to industry and market?
SJR.B volatility
SJR.B Average Weekly Movement3.8%
Media Industry Average Movement6.4%
Market Average Movement10.0%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market4.4%

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

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

About the Company

19669,400Brad Shaw

Shaw Communications Inc. operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The company’s Wireline segment provides cable telecommunications services, including video, Internet, WiFi, phone, satellite video, and data networking through a national fibre-optic backbone network to Canadian consumers, North American businesses, and public-sector entities.

Shaw Communications Fundamentals Summary

How do Shaw Communications's earnings and revenue compare to its market cap?
SJR.B fundamental statistics
Market CapCA$18.96b
Earnings (TTM)CA$995.00m
Revenue (TTM)CA$5.50b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SJR.B income statement (TTM)
Cost of RevenueCA$2.96b
Gross ProfitCA$2.53b
Other ExpensesCA$1.54b

Last Reported Earnings

Feb 28, 2022

Next Earnings Date


Earnings per share (EPS)1.99
Gross Margin46.08%
Net Profit Margin18.10%
Debt/Equity Ratio76.9%

How did SJR.B perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio

Does SJR.B pay a reliable dividends?

See SJR.B dividend history and benchmarks
When do you need to buy SJR.B by to receive an upcoming dividend?
Shaw Communications dividend dates
Ex Dividend DateJul 14 2022
Dividend Pay DateJul 28 2022
Days until Ex dividend16 days
Days until Dividend pay date30 days

Does SJR.B pay a reliable dividends?

See SJR.B dividend history and benchmarks
We’ve recently updated our valuation analysis.


Is SJR.B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SJR.B?

Other financial metrics that can be useful for relative valuation.

SJR.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/Revenue4.5x
Enterprise Value/EBITDA11.1x
PEG Ratio5.9x

Price to Earnings Ratio vs Peers

How does SJR.B's PE Ratio compare to its peers?

SJR.B PE Ratio vs Peers
The above table shows the PE ratio for SJR.B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.8x
QBR.A Quebecor
CCA Cogeco Communications
CGO Cogeco
LSXM.K Liberty SiriusXM Group
SJR.B Shaw Communications

Price-To-Earnings vs Peers: SJR.B is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the peer average (10.8x).

Price to Earnings Ratio vs Industry

How does SJR.B's PE Ratio compare vs other companies in the North American Media Industry?

Price-To-Earnings vs Industry: SJR.B is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the Canadian Media industry average (10.5x)

Price to Earnings Ratio vs Fair Ratio

What is SJR.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.

SJR.B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.1x
Fair PE Ratio15.1x

Price-To-Earnings vs Fair Ratio: SJR.B is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.1x).

Share Price vs Fair Value

What is the Fair Price of SJR.B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SJR.B (CA$38.25) is trading below our estimate of fair value (CA$66.77)

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

Price to Earnings Growth Ratio

PEG Ratio: SJR.B is poor value based on its PEG Ratio (6x)

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Future Growth

How is Shaw Communications forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score


Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SJR.B's forecast earnings growth (3.2% per year) is above the savings rate (1.6%).

Earnings vs Market: SJR.B's earnings (3.2% per year) are forecast to grow slower than the Canadian market (8.2% per year).

High Growth Earnings: SJR.B's earnings are forecast to grow, but not significantly.

Revenue vs Market: SJR.B's revenue (2.6% per year) is forecast to grow slower than the Canadian market (7% per year).

High Growth Revenue: SJR.B's revenue (2.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SJR.B's Return on Equity is forecast to be low in 3 years time (13.9%).

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Past Performance

How has Shaw Communications performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SJR.B has high quality earnings.

Growing Profit Margin: SJR.B's current net profit margins (18.1%) are higher than last year (13.5%).

Past Earnings Growth Analysis

Earnings Trend: SJR.B's earnings have grown significantly by 22.9% per year over the past 5 years.

Accelerating Growth: SJR.B's earnings growth over the past year (36.3%) exceeds its 5-year average (22.9% per year).

Earnings vs Industry: SJR.B earnings growth over the past year (36.3%) exceeded the Media industry 2.4%.

Return on Equity

High ROE: SJR.B's Return on Equity (16.2%) is considered low.

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Financial Health

How is Shaw Communications's financial position?

Financial Health Score


Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SJR.B's short term assets (CA$1.2B) do not cover its short term liabilities (CA$1.4B).

Long Term Liabilities: SJR.B's short term assets (CA$1.2B) do not cover its long term liabilities (CA$8.1B).

Debt to Equity History and Analysis

Debt Level: SJR.B's net debt to equity ratio (71.2%) is considered high.

Reducing Debt: SJR.B's debt to equity ratio has reduced from 102.4% to 76.9% over the past 5 years.

Debt Coverage: SJR.B's debt is well covered by operating cash flow (42.1%).

Interest Coverage: SJR.B's interest payments on its debt are well covered by EBIT (5.7x coverage).

Balance Sheet

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What is Shaw Communications's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Upcoming Dividend Payment

TodayJun 27 2022Ex Dividend DateJul 14 2022Dividend Pay DateJul 28 202214 days from Ex DividendBuy in the next 16 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SJR.B's dividend (3.1%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).

High Dividend: SJR.B's dividend (3.1%) is low compared to the top 25% of dividend payers in the Canadian market (5.33%).

Stability and Growth of Payments

Stable Dividend: SJR.B's dividends per share have been stable in the past 10 years.

Growing Dividend: SJR.B's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (59.4%), SJR.B's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (60.7%), SJR.B's dividend payments are covered by cash flows.

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


Average management tenure


Brad Shaw (57 yo)





Mr. Bradley S. Shaw, also known as Brad, serves as Executive Chairman at Shaw Communications Inc. since March 23, 2020, and has been its Chief Executive Officer since November 17, 2010. Mr. Shaw served as...

CEO Compensation Analysis

Compensation vs Market: Brad's total compensation ($USD9.25M) is about average for companies of similar size in the Canadian market ($USD8.63M).

Compensation vs Earnings: Brad's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: SJR.B's management team is considered experienced (4.1 years average tenure).

Board Members

Experienced Board: SJR.B's board of directors are seasoned and experienced ( 14.9 years average tenure).


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.

Ownership Breakdown

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

Top Shareholders

Company Information

Shaw Communications Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: Shaw Communications Inc.
  • Ticker: SJR.B
  • Exchange: TSX
  • Founded: 1966
  • Industry: Cable and Satellite
  • Sector: Media
  • Implied Market Cap: CA$18.956b
  • Shares outstanding: 499.23m
  • Website:

Number of Employees


  • Shaw Communications Inc.
  • 630–3rd Avenue SW
  • Suite 900
  • Calgary
  • Alberta
  • T2P 4L4
  • Canada


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
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.