Destiny Media Technologies (OTCPK:DSNY) - Share price, News & Analysis

DSNY fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

DSNY Stock Overview

Risk Analysis

Earnings have declined by 4.7% per year over past 5 years

Does not have a meaningful market cap ($7M)

Volatile share price over the past 3 months

Large one-off items impacting financial results

+ 2 more risks

Destiny Media Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Destiny Media Technologies
Historical stock prices
Current Share Price	US$0.74
52 Week High	US$1.63
52 Week Low	US$0.70
Beta	1.45
1 Month Change	-12.92%
3 Month Change	-22.11%
1 Year Change	-40.80%
3 Year Change	-35.40%
5 Year Change	-26.00%
Change since IPO	4,340.44%

Shareholder Returns

	DSNY	US Interactive Media and Services	US Market
7D	1.3%	3.5%	4.0%
1Y	-40.8%	-47.0%	-20.5%

Return vs Industry: DSNY exceeded the US Interactive Media and Services industry which returned -47.3% over the past year.

Return vs Market: DSNY underperformed the US Market which returned -20.8% over the past year.

Price Volatility

Is DSNY's price volatile compared to industry and market?
DSNY volatility
DSNY Average Weekly Movement	12.3%
Interactive Media and Services Industry Average Movement	11.3%
Market Average Movement	7.9%
10% most volatile stocks in US Market	16.5%
10% least volatile stocks in US Market	3.1%

Stable Share Price: DSNY is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: DSNY's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
1991	34	Fred Vandenberg	https://www.dsny.com

Destiny Media Technologies Inc., through its subsidiary, Destiny Software Productions Inc., develops technologies that enable the distribution of digital media files in a streaming or digital download format over the Internet. It offers Play MPE, a two-sided B2B marketplace that enables music labels and artists to create and distribute promotional content and musical assets, as well as music broadcasting professionals, music curators, and music reviewers to discover, download, broadcast, and review the music; Play MPE Caster, a full-service distribution management system, including a set of operational functions that provides software tools to enable labels to manage marketing campaigns; and Play MPE Player for music curators to review and download content through web-based player or mobile player apps. The company also provides Clipstream, an online video platform for encoding, hosting, and reporting on video playback that can be embedded in third party websites or emails; and playback through its JavaScript codec engine.

Destiny Media Technologies Fundamentals Summary

How do Destiny Media Technologies's earnings and revenue compare to its market cap?
DSNY fundamental statistics
Market Cap	US$7.49m
Earnings (TTM)	US$124.28k
Revenue (TTM)	US$4.15m

60.3x

P/E Ratio

1.8x

P/S Ratio

Is DSNY overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DSNY income statement (TTM)
Revenue	US$4.15m
Cost of Revenue	US$480.59k
Gross Profit	US$3.67m
Other Expenses	US$3.54m
Earnings	US$124.28k

Last Reported Earnings

Feb 28, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.012
Gross Margin	88.41%
Net Profit Margin	3.00%
Debt/Equity Ratio	0.0%

How did DSNY perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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 DSNY?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for DSNY. This is calculated by dividing DSNY's market cap by their current preferred multiple.
What is DSNY's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$7.49m

DSNY 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/Revenue	1.2x
Enterprise Value/EBITDA	16.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does DSNY's PE Ratio compare to its peers?

DSNY PE Ratio vs Peers

The above table shows the PE ratio for DSNY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	154.6x

Forward PE

Price-To-Earnings vs Peers: DSNY is good value based on its Price-To-Earnings Ratio (60.3x) compared to the peer average (154.6x).

Price to Earnings Ratio vs Industry

How does DSNY's PE Ratio compare vs other companies in the U.S. Interactive Media and Services Industry?

Price-To-Earnings vs Industry: DSNY is expensive based on its Price-To-Earnings Ratio (60.3x) compared to the US Interactive Media and Services industry average (41.4x)

Price to Earnings Ratio vs Fair Ratio

What is DSNY'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.

DSNY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	60.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DSNY's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: DSNY ($0.74) is trading above our estimate of fair value ($0.13)

Significantly Below Fair Value: DSNY is trading above our estimate of fair value.

Price to Earnings Growth Ratio

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

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Future Growth

How is Destiny Media Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

27.9%

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 Destiny Media Technologies 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.

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Examine Destiny Media Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Destiny Media Technologies's filings and announcements here.

Past Performance

How has Destiny Media Technologies performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-4.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DSNY has a large one-off loss of $81.1K impacting its February 28 2022 financial results.

Growing Profit Margin: DSNY's current net profit margins (3%) are lower than last year (10.8%).

Past Earnings Growth Analysis

Earnings Trend: DSNY's earnings have declined by 4.7% per year over the past 5 years.

Accelerating Growth: DSNY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DSNY had negative earnings growth (-71.4%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (-37.6%).

Return on Equity

High ROE: DSNY's Return on Equity (4.2%) is considered low.

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Financial Health

How is Destiny Media Technologies's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: DSNY's short term assets ($3.0M) exceed its short term liabilities ($452.0K).

Long Term Liabilities: DSNY has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: DSNY is debt free.

Reducing Debt: DSNY currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: DSNY has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DSNY has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is Destiny Media Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate DSNY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DSNY's dividends per share have been stable in the past.

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DSNY has not reported any payouts.

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Management

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

0.3yrs

Average management tenure

CEO

Fred Vandenberg (53 yo)

14.92yrs

Tenure

US$213,776

Compensation

Mr. Frederick Vandenberg, also known as Fred, B.Comm, MBA, CPA, CA, has been President and Chief Executive Officer of Destiny Media Technologies Inc. since June 28, 2017 and served as its Interim Chief Fin...

CEO Compensation Analysis

Compensation vs Market: Fred's total compensation ($USD213.78K) is below average for companies of similar size in the US market ($USD767.74K).

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

Leadership Team

Experienced Management: DSNY's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.

Board Members

Experienced Board: DSNY's board of directors are considered experienced (4.8 years average tenure).

Ownership

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.

Recent Insider Transactions

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/06/23 00:00
End of Day Share Price	2022/06/23 00:00
Earnings	2022/02/28
Annual Earnings	2021/08/31