BST:4TW

Stock Analysis Report

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Executive Summary

TWC Enterprises Limited owns, operates, and manages golf clubs under the ClubLink One Membership More Golf trademark in Canada and the United States.


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has TWC Enterprises's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 4TW's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.7%

4TW

-2.4%

DE Hospitality

-0.6%

DE Market


1 Year Return

-25.3%

4TW

-35.6%

DE Hospitality

3.0%

DE Market

Return vs Industry: 4TW exceeded the German Hospitality industry which returned -34.9% over the past year.

Return vs Market: 4TW underperformed the German Market which returned 2.5% over the past year.


Shareholder returns

4TWIndustryMarket
7 Day0.7%-2.4%-0.6%
30 Day0%-18.4%-0.1%
90 Day44.0%2.7%16.4%
1 Year-24.8%-25.3%-32.8%-35.6%5.2%3.0%
3 Yearn/a-50.4%-57.2%1.0%-6.9%
5 Yearn/a-50.4%-60.9%8.0%-6.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is TWC Enterprises undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 4TW (€7) is trading below our estimate of fair value (€14.6)

Significantly Below Fair Value: 4TW is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 4TW is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.

PE vs Market: 4TW is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 4TW's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 4TW is good value based on its PB Ratio (0.7x) compared to the DE Hospitality industry average (2x).


Next Steps

Future Growth

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

114.7%

Forecasted Consumer Services 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 TWC Enterprises 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 TWC Enterprises performed over the past 5 years?

-27.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 4TW is currently unprofitable.

Growing Profit Margin: 4TW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 4TW is unprofitable, and losses have increased over the past 5 years at a rate of -27.7% per year.

Accelerating Growth: Unable to compare 4TW's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 4TW is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-15.6%).


Return on Equity

High ROE: 4TW has a negative Return on Equity (-5.86%), as it is currently unprofitable.


Next Steps

Financial Health

How is TWC Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: 4TW's short term assets (CA$210.1M) exceed its short term liabilities (CA$97.8M).

Long Term Liabilities: 4TW's short term assets (CA$210.1M) exceed its long term liabilities (CA$188.6M).


Debt to Equity History and Analysis

Debt Level: 4TW's debt to equity ratio (36.8%) is considered satisfactory.

Reducing Debt: 4TW's debt to equity ratio has reduced from 163.6% to 36.8% over the past 5 years.

Debt Coverage: 4TW's debt is well covered by operating cash flow (33.6%).

Interest Coverage: 4TW is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is TWC Enterprises's current dividend yield, its reliability and sustainability?

0.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 4TW's dividend (0.72%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.25%).

High Dividend: 4TW's dividend (0.72%) is low compared to the top 25% of dividend payers in the German market (3.84%).


Stability and Growth of Payments

Stable Dividend: 4TW's dividend payments have been volatile in the past 10 years.

Growing Dividend: 4TW's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: 4TW is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

10.3yrs

Average management tenure


CEO

Kuldip Sahi (73yo)

22.75yrs

Tenure

CA$364,000

Compensation

Mr. Kuldip Rai Sahi, FCPA, FCGA, has been the President and Chief Executive Officer of Morguard Real Estate Investment Trust and Trustee since November 10, 1998 and Chairman, President and Chief Executive  ...


CEO Compensation Analysis

Compensation vs Market: Kuldip's total compensation ($USD268.13K) is below average for companies of similar size in the German market ($USD781.18K).

Compensation vs Earnings: Kuldip's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Kuldip Sahi
Chairman22.75yrsCA$364.00k71.7% CA$136.7m
Andrew Tamlin
Chief Financial Officer5.42yrsCA$94.44k0.019% CA$36.0k
John Finlayson
COO of Canadian Golf Operations & VP of Florida Golf Operationsno dataCA$299.66kno data
Jamie King
Vice President of Sales - Canadian Gulf Operationsno dataCA$223.09kno data
Eugene Hretzay
Secretary10.33yrsCA$73.00kno data
Beverley Flynn
Executive Officerno datano datano data
Stephen Taylor
Executive Officerno datano datano data

10.3yrs

Average Tenure

Experienced Management: 4TW's management team is seasoned and experienced (10.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kuldip Sahi
Chairman22.75yrsCA$364.00k71.7% CA$136.7m
Jack Winberg
Independent Director11.08yrsCA$36.60k2.16% CA$4.1m
Patrick Brigham
Independent Director11.08yrsCA$33.00k1.15% CA$2.2m
Samuel Pollock
Independent Director12.08yrsCA$36.60kno data
Fraser Berrill
Independent Director2.17yrsCA$31.00k0.058% CA$109.7k
Paul Campbell
Independent Director10.17yrsCA$32.00k0.044% CA$83.7k
Donald Turple
Independent Director21.67yrsCA$40.20k0.32% CA$615.2k
Angela Sahi
Non Independent Director2.17yrsCA$34.00kno data

11.1yrs

Average Tenure

71yo

Average Age

Experienced Board: 4TW's board of directors are seasoned and experienced ( 11.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 4TW insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

TWC Enterprises Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TWC Enterprises Limited
  • Ticker: 4TW
  • Exchange: BST
  • Founded:
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: CA$292.394m
  • Listing Market Cap: CA$190.616m
  • Shares outstanding: 26.46m
  • Website: https://www.twcenterprises.ca

Number of Employees


Location

  • TWC Enterprises Limited
  • 15675 Dufferin Street
  • King City
  • Ontario
  • L7B 1K5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TWCTSX (The Toronto Stock Exchange)YesCommon SharesCACADDec 1997
CLKX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 1997
4TWBST (Boerse-Stuttgart)YesCommon SharesDEEURDec 1997

Biography

TWC Enterprises Limited owns, operates, and manages golf clubs under the ClubLink One Membership More Golf trademark in Canada and the United States. It owns and operates golf clubs with 53 1/2, 18-hole equivalent championship courses; and 3 1/2, 18-hole equivalent academy courses at 41 locations primarily in Ontario, Quebec, and Florida. The company was formerly known as ClubLink Enterprises Limited and changed its name to TWC Enterprises Limited in May 2014. The company is based in King City, Canada. TWC Enterprises Limited is a subsidiary of Paros Enterprises Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 21:42
End of Day Share Price2020/07/09 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.