TSXV:DFS

Stock Analysis Report

Global Daily Fantasy Sports

Executive Summary

Global Daily Fantasy Sports Inc. operates in the daily fantasy sports (DFS) industry.

Risk Analysis

Earnings have declined by -64.34% per year over past 5 years

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (CA$93K)

Does not have a meaningful market cap (CA$11M)

+ 3 more risks


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Global Daily Fantasy Sports's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DFS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

DFS

0.06%

CA Interactive Media and Services

0.4%

CA Market


1 Year Return

52.6%

DFS

-33.2%

CA Interactive Media and Services

10.6%

CA Market

Return vs Industry: DFS exceeded the Canadian Interactive Media and Services industry which returned -33.2% over the past year.

Return vs Market: DFS exceeded the Canadian Market which returned 10.6% over the past year.


Shareholder returns

DFSIndustryMarket
7 Day0%0.06%0.4%
30 Day0%-7.9%0.01%
90 Day45.0%-19.0%0.7%
1 Year52.6%52.6%-31.8%-33.2%14.3%10.6%
3 Year-79.3%-79.3%-64.5%-66.3%15.9%5.4%
5 Yearn/a-53.4%-58.0%35.2%15.2%

Price Volatility Vs. Market

How volatile is Global Daily Fantasy Sports's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Global Daily Fantasy Sports undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Global Daily Fantasy Sports is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Global Daily Fantasy Sports has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of DFS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Global Daily Fantasy Sports regulatory filings.
  • Explore potentially undervalued companies in the Media industry.

Future Growth

How is Global Daily Fantasy Sports forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.8%

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 Global Daily Fantasy Sports 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 Global Daily Fantasy Sports performed over the past 5 years?

-64.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DFS is currently unprofitable.

Growing Profit Margin: DFS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DFS is unprofitable, and losses have increased over the past 5 years at a rate of -64.3% per year.

Accelerating Growth: Unable to compare DFS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DFS is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (11.6%).


Return on Equity

High ROE: DFS's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Global Daily Fantasy Sports's financial position?


Financial Position Analysis

Short Term Liabilities: DFS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: DFS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: DFS is debt free.

Reducing Debt: DFS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if DFS's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: DFS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: DFS has less than a year of cash runway if free cash flow continues to reduce at historical rates of -9.8% each year


Next Steps

Dividend

What is Global Daily Fantasy Sports's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.6%industryaverage0.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate DFS'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 DFS's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DFS'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 Global Daily Fantasy Sports's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Darcy Krogh (62yo)

3.8yrs

Tenure

CA$120,000

Compensation

Mr. Darcy Eldon Krogh, B.A. has been the Chief Executive Officer, President and Director of Global Daily Fantasy Sports Inc. since March 16, 2016. Mr. Krogh served as Vice President of Business Development ...


CEO Compensation Analysis

Compensation vs Market: Darcy's total compensation ($USD90.88K) is below average for companies of similar size in the Canadian market ($USD170.60K).

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


Management Age and Tenure

3.4yrs

Average Tenure

Experienced Management: DFS's management team is considered experienced (3.4 years average tenure).


Board Age and Tenure

2.8yrs

Average Tenure

62yo

Average Age

Experienced Board: DFS's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: DFS insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$8,50018 Sep 19
Michele Marrandino
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares100,000
Max PriceCA$0.085
BuyCA$150,00011 Apr 19
John Penturn & Son Limited
EntityCompany
Shares1,500,000
Max PriceCA$0.10
BuyCA$4,55021 Jan 19
Pacific West Mercantile Corp.
EntityCompany
Shares65,000
Max PriceCA$0.07

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.7%.


Management Team

  • Darcy Krogh (62yo)

    President

    • Tenure: 3.8yrs
    • Compensation: CA$120.00k
  • Justin Shulman

    Chief Operating Officer

    • Tenure: 3.6yrs
  • Slava Azienshtat

    Chief Technology Officer

    • Tenure: 3.3yrs
  • Paul Dever

    CFO & Corporate Secretary

    • Tenure: 2.1yrs
    • Compensation: CA$137.75k

Board Members

  • Darcy Krogh (62yo)

    President

    • Tenure: 3.8yrs
    • Compensation: CA$120.00k
  • Jason Meretsky (50yo)

    Director

    • Tenure: 0.8yrs
  • Mike Marrandino (62yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: CA$14.40k
  • William Scott

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: CA$8.40k
  • Jim Penturn

    Independent Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: CA$50.00k

Company Information

Global Daily Fantasy Sports Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Global Daily Fantasy Sports Inc.
  • Ticker: DFS
  • Exchange: TSXV
  • Founded: 1985
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: CA$10.784m
  • Shares outstanding: 74.37m
  • Website: https://gdfsi.com

Location

  • Global Daily Fantasy Sports Inc.
  • 1090 West Georgia Street
  • Suite 1305
  • Vancouver
  • British Columbia
  • V6E 3V7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DFSTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 2016
7CRDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2016

Biography

Global Daily Fantasy Sports Inc. operates in the daily fantasy sports (DFS) industry. It offers DFS software and network, which enables its licensed customers to offer a customized and branded DFS product  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/12 00:53
End of Day Share Price2019/11/08 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.