DB:32GA

Stock Analysis Report

Thunderbird Entertainment Group

Executive Summary

Thunderbird Entertainment Group Inc. operates as a multi-platform media production, distribution, and rights management company in Canada and internationally.


Snowflake Analysis

Reasonable growth potential with acceptable track record.


Similar Companies

Share Price & News

How has Thunderbird Entertainment Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 32GA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.3%

32GA

8.0%

DE Entertainment

2.2%

DE Market


1 Year Return

-57.5%

32GA

-8.2%

DE Entertainment

-17.2%

DE Market

Return vs Industry: 32GA underperformed the German Entertainment industry which returned -9.9% over the past year.

Return vs Market: 32GA underperformed the German Market which returned -17.5% over the past year.


Shareholder returns

32GAIndustryMarket
7 Day5.3%8.0%2.2%
30 Day-34.3%-14.9%-15.7%
90 Day-51.9%-25.4%-24.0%
1 Year-57.5%-57.5%-7.0%-8.2%-14.9%-17.2%
3 Yearn/a-3.0%-7.2%-16.4%-23.3%
5 Yearn/a40.9%30.2%-16.5%-27.8%

Price Volatility Vs. Market

How volatile is Thunderbird Entertainment Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Thunderbird Entertainment Group undervalued compared to its fair value and its price relative to the market?

104.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 32GA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 32GA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 32GA is poor value based on its PE Ratio (104.4x) compared to the Entertainment industry average (29.3x).

PE vs Market: 32GA is poor value based on its PE Ratio (104.4x) compared to the German market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: 32GA is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: 32GA is good value based on its PB Ratio (0.7x) compared to the DE Entertainment industry average (1x).


Next Steps

Future Growth

How is Thunderbird Entertainment Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

110.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 32GA's forecast earnings growth (110.8% per year) is above the savings rate (-0.4%).

Earnings vs Market: 32GA's earnings (110.8% per year) are forecast to grow faster than the German market (14.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 32GA's revenue (18.3% per year) is forecast to grow faster than the German market (4.1% per year).

High Growth Revenue: 32GA's revenue (18.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 32GA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Thunderbird Entertainment Group performed over the past 5 years?

35.2%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: 32GA has high quality earnings.

Growing Profit Margin: 32GA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 32GA has become profitable over the past 5 years, growing earnings by 0% per year.

Accelerating Growth: 32GA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 32GA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Entertainment industry (-50.4%).


Return on Equity

High ROE: 32GA's Return on Equity (0.7%) is considered low.


Next Steps

Financial Health

How is Thunderbird Entertainment Group's financial position?


Financial Position Analysis

Short Term Liabilities: 32GA's short term assets (CA$77.9M) do not cover its short term liabilities (CA$83.8M).

Long Term Liabilities: 32GA's short term assets (CA$77.9M) exceed its long term liabilities (CA$25.4M).


Debt to Equity History and Analysis

Debt Level: 32GA's debt to equity ratio (105.6%) is considered high.

Reducing Debt: Insufficient data to determine if 32GA's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: 32GA has a low level of unsold assets or inventory.

Debt Coverage by Assets: 32GA's debt is covered by short term assets (assets are 1.5x debt).


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: 32GA is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: 32GA is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Thunderbird Entertainment Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 32GA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 32GA'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 32GA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 32GA'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 32GA's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

0.9yrs

Average management tenure


CEO

Jenn McCarron

2.17s

Tenure

Ms. Jennifer Twiner McCarron, also known as Jenn, has been Chief Executive Officer of Thunderbird Entertainment Group Inc. and serves as its Director. Ms. McCarron served as Co-President of Thunderbird Ent ...


Leadership Team

NamePositionTenureCompensationOwnership
Jennifer McCarron
CEO & Director2.17yrsno data0.086% CA$19.7k
Mark Miller
Presidentno datano data4.29% CA$987.2k
Barb Harwood
Chief Financial Officerno datano data0.18% CA$40.7k
William White
Chief Operating Officer and Director & Corporate Secretaryno datano data2.98% CA$685.6k
Sarah Nathanson
Vice President of General Counsel1.17yrsno datano data
Ivan Fecan
Producer0.50yrno datano data
Matthew Berkowitz
Chief Creative Officer of Thunderbird Entertainment and Atomic Cartoons1yrno datano data
Ed Sayer
Executive Vice President of Intellectual Property Division0.75yrno datano data
Lindsay MacAdam
Head of Scripted Development0.67yrno datano data
Kimberly Ticne
Assistant Controllerno datano datano data

0.9yrs

Average Tenure

Experienced Management: 32GA's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jennifer McCarron
CEO & Director2.17yrsno data0.086% CA$19.7k
Mark Miller
Presidentno datano data4.29% CA$987.2k
Frank Giustra
Directorno datano data0.63% CA$145.9k
Marjorie Wieshofer
Lead Independent Director0.25yrno datano data
Frank Holmes
Directorno datano datano data
Timothy Gamble
Vice Chair2.5yrsno data2.87% CA$660.9k
Paul Sparkes
Directorno datano data0.095% CA$21.8k
Azim Jamal
Independent Director2.83yrsno datano data
Brian Paes-Braga
Chairman of the Board0.50yrno data7.33% CA$1.7m

1.5yrs

Average Tenure

58.5yo

Average Age

Experienced Board: 32GA's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: 32GA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 54.9%.


Top Shareholders

Company Information

Thunderbird Entertainment Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Thunderbird Entertainment Group Inc.
  • Ticker: 32GA
  • Exchange: DB
  • Founded:
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: CA$35.937m
  • Listing Market Cap: CA$23.037m
  • Shares outstanding: 46.67m
  • Website: https://thunderbird.tv

Number of Employees


Location

  • Thunderbird Entertainment Group Inc.
  • 2233 Columbia Street
  • Suite 400
  • Vancouver
  • British Columbia
  • V5Y 0M6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TBRDTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2018
32GADB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2018
THBR.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2018

Biography

Thunderbird Entertainment Group Inc. operates as a multi-platform media production, distribution, and rights management company in Canada and internationally. The company creates, produces, and finances animation for television series, commercials, and music videos for distribution across various channels; develops, produces, co-produces, and finances factual, documentary, game show, and reality television programs; and creates scripted programming in film and television with genres ranging from sci-fi, drama, and comedy. It also acquires, licenses, and merchandises distribution rights of films and television content. The company 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 Analysis2020/03/30 23:49
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.