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Corus Entertainment

DB:9CO
Snowflake Description

Undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9CO
DB
CA$1B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Corus Entertainment Inc., a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. The last earnings update was 28 days ago. More info.


Add to Portfolio Compare Print
  • Corus Entertainment has significant price volatility in the past 3 months.
9CO Share Price and Events
7 Day Returns
3.7%
DB:9CO
-2.3%
DE Media
-0.9%
DE Market
1 Year Returns
44.1%
DB:9CO
-19.5%
DE Media
-7.4%
DE Market
9CO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Corus Entertainment (9CO) 3.7% -9.7% -25.8% 44.1% -57.4% -77.5%
DE Media -2.3% -1.3% 0.3% -19.5% -31% -18.3%
DE Market -0.9% -0.4% -3.7% -7.4% 8.1% 12%
1 Year Return vs Industry and Market
  • 9CO outperformed the Media industry which returned -19.5% over the past year.
  • 9CO outperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
9CO
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Corus Entertainment undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Corus Entertainment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Corus Entertainment.

DB:9CO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:9CO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.762 (1 + (1- 26.5%) (152.74%))
1.413
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.413 * 5.96%)
8.65%

Discounted Cash Flow Calculation for DB:9CO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Corus Entertainment is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:9CO DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.65%)
2020 333.50 Analyst x7 306.95
2021 314.00 Analyst x1 266.00
2022 318.00 Analyst x1 247.94
2023 322.00 Analyst x1 231.07
2024 320.08 Est @ -0.6% 211.41
2025 318.97 Est @ -0.35% 193.90
2026 318.41 Est @ -0.18% 178.15
2027 318.24 Est @ -0.05% 163.88
2028 318.33 Est @ 0.03% 150.88
2029 318.62 Est @ 0.09% 138.99
Present value of next 10 years cash flows CA$2,089.16
DB:9CO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$318.62 × (1 + 0.23%) ÷ (8.65% – 0.23%)
CA$3,791.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$3,791.98 ÷ (1 + 8.65%)10
CA$1,654.19
DB:9CO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$2,089.16 + CA$1,654.19
CA$3,743.36
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$3,743.36 / 212.00
CA$17.66
DB:9CO Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:9CO represents 0.676x of TSX:CJR.B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.676x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 17.66 x 0.676
€11.94
Value per share (EUR) From above. €11.94
Current discount Discount to share price of €3.72
= -1 x (€3.72 - €11.94) / €11.94
68.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Corus Entertainment is available for.
Intrinsic value
>50%
Share price is €3.72 vs Future cash flow value of €11.94
Current Discount Checks
For Corus Entertainment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Corus Entertainment's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Corus Entertainment's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Corus Entertainment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Corus Entertainment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9CO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-31) in CAD CA$0.79
TSX:CJR.B Share Price ** TSX (2019-07-22) in CAD CA$5.5
Germany Media Industry PE Ratio Median Figure of 11 Publicly-Listed Media Companies 24.97x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.71x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Corus Entertainment.

DB:9CO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CJR.B Share Price ÷ EPS (both in CAD)

= 5.5 ÷ 0.79

6.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corus Entertainment is good value based on earnings compared to the DE Media industry average.
  • Corus Entertainment is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Corus Entertainment's expected growth come at a high price?
Raw Data
DB:9CO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
14.6%per year
Germany Media Industry PEG Ratio Median Figure of 8 Publicly-Listed Media Companies 2.32x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Corus Entertainment, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Corus Entertainment's assets?
Raw Data
DB:9CO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-31) in CAD CA$7.50
TSX:CJR.B Share Price * TSX (2019-07-22) in CAD CA$5.5
Germany Media Industry PB Ratio Median Figure of 13 Publicly-Listed Media Companies 2.67x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.72x
DB:9CO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CJR.B Share Price ÷ Book Value per Share (both in CAD)

= 5.5 ÷ 7.50

0.73x

* Primary Listing of Corus Entertainment.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corus Entertainment is good value based on assets compared to the DE Media industry average.
X
Value checks
We assess Corus Entertainment's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. Corus Entertainment has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Corus Entertainment expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

  • No analysts cover Corus Entertainment, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Corus Entertainment expected to grow at an attractive rate?
  • Corus Entertainment's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Corus Entertainment's earnings growth is expected to exceed the Germany market average.
  • Corus Entertainment's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:9CO Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:9CO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 14.6%
DB:9CO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -0.1%
Germany Media Industry Earnings Growth Rate Market Cap Weighted Average 8%
Germany Media Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:9CO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9CO Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-08-31
2022-08-31
2021-08-31 1,693 335 2
2020-08-31 1,682 335 9
2019-08-31 1,689 326 9
DB:9CO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-05-31 1,689 334 167
2019-02-28 1,672 330 -835
2018-11-30 1,657 331 -802
2018-08-31 1,647 371 -785
2018-05-31 1,649 354 -789
2018-02-28 1,670 346 213
2017-11-30 1,668 361 198
2017-08-31 1,679 298 192
2017-05-31 1,682 282 161
2017-02-28 1,581 261 78
2016-11-30 1,411 186 156
2016-08-31 1,171 200 126

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Corus Entertainment's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
  • Corus Entertainment's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:9CO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Corus Entertainment Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9CO Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-08-31
2022-08-31
2021-08-31
2020-08-31
2019-08-31
DB:9CO Past Financials Data
Date (Data in CAD Millions) EPS *
2019-05-31 0.79
2019-02-28 -3.96
2018-11-30 -3.82
2018-08-31 -3.77
2018-05-31 -3.82
2018-02-28 1.04
2017-11-30 0.97
2017-08-31 0.95
2017-05-31 0.81
2017-02-28 0.42
2016-11-30 0.98
2016-08-31 0.96

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Corus Entertainment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Corus Entertainment's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Corus Entertainment has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Corus Entertainment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Corus Entertainment's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Corus Entertainment's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Corus Entertainment has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Corus Entertainment has become profitable in the last year making it difficult to compare the DE Media industry average.
Earnings and Revenue History
Corus Entertainment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Corus Entertainment Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9CO Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-31 1,689.09 166.81 31.73
2019-02-28 1,672.08 -835.47 31.73
2018-11-30 1,657.43 -801.77 31.73
2018-08-31 1,647.35 -784.51 31.73
2018-05-31 1,649.48 -789.27 31.86
2018-02-28 1,669.69 213.35 31.86
2017-11-30 1,668.42 198.19 31.86
2017-08-31 1,679.01 191.67 31.86
2017-05-31 1,682.26 160.89 29.88
2017-02-28 1,581.46 78.41 29.88
2016-11-30 1,410.98 155.76 29.88
2016-08-31 1,171.31 125.93 29.88
2016-05-31 980.45 145.62 21.34
2016-02-29 822.74 153.28 21.34
2015-11-30 816.52 -35.74 21.34
2015-08-31 815.32 -25.15 21.34
2015-05-31 823.27 -19.26 21.42
2015-02-28 834.19 -41.48 21.42
2014-11-30 834.12 51.42 21.42
2014-08-31 833.02 150.41 21.42
2014-05-31 813.36 138.56 21.24
2014-02-28 786.39 258.80 21.24
2013-11-30 767.60 258.63 21.24
2013-08-31 751.54 159.90 21.24
2013-05-31 765.26 171.36 20.55
2013-02-28 782.27 124.67 20.55
2012-11-30 815.33 150.29 20.55
2012-08-31 842.28 148.68 20.55

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Corus Entertainment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Corus Entertainment used its assets more efficiently than the DE Media industry average last year based on Return on Assets.
  • Corus Entertainment has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Corus Entertainment's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Corus Entertainment has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Corus Entertainment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Corus Entertainment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Corus Entertainment's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Corus Entertainment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Corus Entertainment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Corus Entertainment Company Filings, last reported 1 month ago.

DB:9CO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-31 1,736.42 1,790.60 69.22
2019-02-28 1,710.63 1,868.63 67.65
2018-11-30 1,739.31 1,928.08 70.67
2018-08-31 1,676.80 1,983.93 94.80
2018-05-31 1,649.40 2,009.95 85.70
2018-02-28 2,628.07 2,035.50 80.42
2017-11-30 2,620.88 2,062.46 83.47
2017-08-31 2,599.52 2,091.58 93.70
2017-05-31 2,585.21 2,115.21 78.01
2017-02-28 2,551.16 2,141.84 55.78
2016-11-30 2,537.87 2,169.49 17.01
2016-08-31 2,476.35 2,210.40 71.36
2016-05-31 2,515.42 2,222.48 67.64
2016-02-29 1,321.54 613.04 55.45
2015-11-30 1,237.89 781.52 42.17
2015-08-31 1,219.91 801.44 37.42
2015-05-31 1,219.16 830.33 43.85
2015-02-28 1,245.51 864.72 38.21
2014-11-30 1,344.03 894.68 27.84
2014-08-31 1,310.13 874.32 11.59
2014-05-31 1,300.83 873.59 38.24
2014-02-28 1,345.26 913.65 42.29
2013-11-30 1,354.41 539.47 109.04
2013-08-31 1,220.83 538.97 81.27
2013-05-31 1,221.40 538.46 78.28
2013-02-28 1,165.76 1,056.08 573.78
2012-11-30 1,171.29 528.90 50.48
2012-08-31 1,136.09 518.26 24.59
  • Corus Entertainment's level of debt (103.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (67.2% vs 103.1% today).
  • Debt is not well covered by operating cash flow (18.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess Corus Entertainment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Corus Entertainment has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.36%
Current annual income from Corus Entertainment dividends. Estimated to be 4.36% next year.
If you bought €2,000 of Corus Entertainment shares you are expected to receive €87 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Corus Entertainment's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Corus Entertainment's dividend is above the markets top 25% of dividend payers in Germany (3.9%).
Upcoming dividend payment

Purchase Corus Entertainment before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:9CO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Media Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 5.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:9CO Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-08-31
2022-08-31
2021-08-31 0.24 1.00
2020-08-31 0.24 3.00
2019-08-31 0.24 3.00
DB:9CO Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-04-05 0.240 3.589
2019-01-11 0.240 4.084
2018-10-19 0.240 4.872
2018-04-05 1.140 23.058
2018-01-10 1.140 14.824
2017-10-18 1.140 9.809
2017-06-27 1.140 8.431
2017-04-06 1.140 8.683
2017-01-11 1.140 8.782
2016-10-19 1.140 9.581
2016-07-13 1.140 9.212
2016-04-13 1.140 8.997
2016-01-13 1.140 10.852
2015-10-22 1.140 10.391
2015-07-15 1.140 8.306
2015-04-09 1.140 6.582
2015-01-13 1.140 5.371
2014-10-23 1.090 4.982
2014-07-10 1.090 4.441
2014-04-10 1.090 4.367
2014-01-14 1.090 4.438
2013-10-24 1.020 4.137
2013-07-11 1.020 4.099
2013-04-11 1.020 4.208
2013-01-14 1.020 4.051
2012-10-25 0.960 4.116
2012-07-12 0.960 4.212
2012-04-12 0.960 4.096
2012-01-10 0.960 4.357
2011-10-26 0.870 4.459
2011-07-14 0.870 4.340
2011-04-14 0.750 3.711
2011-01-11 0.750 3.416
2010-10-27 0.750 3.457
2010-07-14 0.600 2.960
2010-04-14 0.600 3.074
2009-10-22 0.600 3.219
2009-07-15 0.600 3.837
2009-04-08 0.600 3.858
2009-01-14 0.600 4.439
2008-10-23 0.600 4.582

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Corus Entertainment's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4x coverage).
X
Income/ dividend checks
We assess Corus Entertainment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Corus Entertainment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Corus Entertainment has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Doug Murphy
COMPENSATION CA$4,061,945
AGE 56
TENURE AS CEO 4.3 years
CEO Bio

Mr. Douglas D. Murphy, also known as Doug, HBA, MBA has been the Chief Executive Officer and President of Corus Entertainment Inc. since March 30, 2015. Mr. Murphy served as the Chief Operating Officer and Executive Vice President of Corus Entertainment Inc. from September 1, 2013 to March 2015 and from August 5, 2008 to March 2015 respectively. He served as the President of Corus Television at Corus Entertainment Inc since May 2010 until September 1, 2013. He served as President of Nelvana Enterprises of Corus Entertainment Inc. and its General Manager of Corus Kids since August 5, 2008. He oversees all of Corus' kids business globally, including YTV, Treehouse, Discovery Kids, Nelvana, KidsCo, qubo and Kids Can Press. He serves as Executive Vice President of Business Development for Nelvana Limited, a division of Corus Entertainment, where he oversees all sales, marketing and merchandising activities. He joined Corus Entertainment Inc. in December 2002. He served as Executive Vice President of Corus Kids. In that role, he was responsible for overseeing Corus' global kids business, including the specialty networks Treehouse, YTV and Nickelodeon (Canada), as well as Nelvana, Kids Can Press, KidsCo and qubo. From 1991 to 2001, He was employed by The Walt Disney Company where he served as Senior Vice-President of Business Development, Theme Parks and Resorts since 2001 and Senior Vice-President and General Manager of The Disney Store, North America from 1999 to 2001. He has been a Director at Woodbine Entertainment Group, Inc. and Corus Entertainment Inc. since March 2015. He served as an Independent Director of Danier Leather Inc. from January 19, 2004 to November 9, 2015. Mr. Murphy holds an MBA from the Harvard Business School and an HBA from the Richard Ivey School of Business at the University of Western Ontario.

CEO Compensation
  • Doug's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Doug's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Corus Entertainment management team in years:

3.3
Average Tenure
56
Average Age
  • The tenure for the Corus Entertainment management team is about average.
Management Team

Heather Shaw

TITLE
Executive Chairman
COMPENSATION
CA$2M
AGE
59

Doug Murphy

TITLE
President
COMPENSATION
CA$4M
AGE
56
TENURE
4.3 yrs

John Gossling

TITLE
Executive VP & CFO
COMPENSATION
CA$2M
AGE
53
TENURE
3 yrs

Greg McLelland

TITLE
Chief Revenue Officer & Executive VP
COMPENSATION
CA$1M
TENURE
3.3 yrs

Shawn Kelly

TITLE
Executive Vice President of Technology
TENURE
3.3 yrs

Julie Edwards

TITLE
Vice President of Facilities & Administration

Heidi Kucher

TITLE
Director of Investor Relations

Dale Hancocks

TITLE
Executive VP & General Counsel

Cheryl Fullerton

TITLE
Executive Vice President of People & Communications
TENURE
3.3 yrs

Colin Bohm

TITLE
Executive Vice President of Content & Corporate Strategy
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Corus Entertainment board of directors in years:

5
Average Tenure
60
Average Age
  • The tenure for the Corus Entertainment board of directors is about average.
Board of Directors

Doug Murphy

TITLE
President
COMPENSATION
CA$4M
AGE
56
TENURE
4.3 yrs

Julie Shaw

TITLE
Vice Chairman
COMPENSATION
CA$96K
AGE
58
TENURE
11.3 yrs

Heather Shaw

TITLE
Executive Chairman
COMPENSATION
CA$2M
AGE
59
TENURE
19.8 yrs

Cathy Roozen

TITLE
Independent Director
COMPENSATION
CA$103K
AGE
63
TENURE
8.1 yrs

Barry James

TITLE
Independent Director
COMPENSATION
CA$90K
AGE
61
TENURE
5.5 yrs

Mark Hollinger

TITLE
Independent Director
COMPENSATION
CA$112K
AGE
60
TENURE
5 yrs

Fernand Bélisle

TITLE
Independent Lead Director
COMPENSATION
CA$90K
AGE
74

John Frascotti

TITLE
Independent Director
COMPENSATION
CA$120K
AGE
58
TENURE
3.5 yrs

Michael D'Avella

TITLE
Independent Director
COMPENSATION
CA$89K
AGE
60
TENURE
3.3 yrs

Michael Boychuk

TITLE
Director
AGE
63
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
31. May 19 Sell Shaw Communications Inc. Company 31. May 19 31. May 19 -80,630,383 €4.51 €-363,904,497
28. May 19 Buy The Shaw Family Foundation, Endowment Arm Company 27. May 19 27. May 19 20,000 €4.12 €82,433
24. May 19 Buy G3 Capital Partners LLC Company 24. May 19 24. May 19 100,000 €4.18 €417,536
26. Nov 18 Buy Douglas Murphy Individual 26. Nov 18 26. Nov 18 40,000 €3.10 €123,376
26. Nov 18 Buy Douglas Murphy Individual 21. Nov 18 21. Nov 18 10,000 €3.15 €31,454
26. Nov 18 Buy Judy Adam Individual 20. Nov 18 20. Nov 18 3,000 €3.18 €9,539
X
Management checks
We assess Corus Entertainment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Corus Entertainment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Corus Entertainment Inc., a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations. It is also involved in the production and distribution of films and television programs; production and distribution of animation software; and merchandise licensing and book publishing activities. In addition, this segment provides technology and media services. Its primary brands include Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, History, Showcase, National Geographic, Disney Channel Canada, YTV, and Nickelodeon Canada. The Radio segment operates 39 radio stations that include a network of news-talk radio stations, as well as classic rock, country, new rock, and contemporary music formats. The company also provides children’s animated content and related consumer products; and digital content and animation creation software. Corus Entertainment Inc. was founded in 1998 and is headquartered in Toronto, Canada.

Details
Name: Corus Entertainment Inc.
9CO
Exchange: DB
Founded: 1998
CA$799,629,377
211,997,058
Website: http://www.corusent.com
Address: Corus Entertainment Inc.
Corus Quay,
25 Dockside Drive,
Toronto,
Ontario, M5A 0B5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CJR.B Class B Non-Voting Shares The Toronto Stock Exchange CA CAD 31. Aug 1999
OTCPK CJRE.F Class B Non-Voting Shares Pink Sheets LLC US USD 31. Aug 1999
DB 9CO Class B Non-Voting Shares Deutsche Boerse AG DE EUR 31. Aug 1999
LSE 0UR4 Class B Non-Voting Shares London Stock Exchange GB CAD 31. Aug 1999
Number of employees
Current staff
Staff numbers
3,200
Corus Entertainment employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 00:18
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/06/26
Last earnings reported: 2019/05/31
Last annual earnings reported: 2018/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.