OTCPK:DSNY

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Destiny Media Technologies

Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Destiny Media Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DSNY is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: DSNY's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-4.5%

DSNY

1.0%

US Interactive Media and Services

2.1%

US Market


1 Year Return

-22.5%

DSNY

36.9%

US Interactive Media and Services

19.8%

US Market

Return vs Industry: DSNY underperformed the US Interactive Media and Services industry which returned 36.8% over the past year.

Return vs Market: DSNY underperformed the US Market which returned 19.7% over the past year.


Shareholder returns

DSNYIndustryMarket
7 Day-4.5%1.0%2.1%
30 Day10.8%5.0%8.1%
90 Day20.0%4.0%6.0%
1 Year-22.5%-22.5%36.9%36.9%22.5%19.8%
3 Year-34.5%-34.5%56.7%56.6%46.5%36.8%
5 Year-37.4%-37.4%124.2%123.7%96.9%75.3%

Long-Term Price Volatility Vs. Market

How volatile is Destiny Media Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Destiny Media Technologies undervalued compared to its fair value and its price relative to the market?

45.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DSNY ($0.72) is trading above our estimate of fair value ($0.02)

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


Price To Earnings Ratio

PE vs Industry: DSNY is poor value based on its PE Ratio (45.1x) compared to the US Interactive Media and Services industry average (30.3x).

PE vs Market: DSNY is poor value based on its PE Ratio (45.1x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DSNY is good value based on its PB Ratio (2.6x) compared to the US Interactive Media and Services industry average (3.2x).


Next Steps

Future Growth

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

19.4%

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.


Next Steps

Past Performance

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

62.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DSNY has a large one-off loss of $103.1K impacting its August 31 2020 financial results.

Growing Profit Margin: DSNY's current net profit margins (4.4%) are lower than last year (16%).


Past Earnings Growth Analysis

Earnings Trend: DSNY has become profitable over the past 5 years, growing earnings by 62.9% per year.

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 (-72.2%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (5%).


Return on Equity

High ROE: DSNY's Return on Equity (5.9%) is considered low.


Next Steps

Financial Health

How is Destiny Media Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: DSNY's short term assets ($3.2M) exceed its short term liabilities ($730.5K).

Long Term Liabilities: DSNY's short term assets ($3.2M) exceed its long term liabilities ($219.1K).


Debt to Equity History and Analysis

Debt Level: DSNY is debt free.

Reducing Debt: DSNY had no debt 5 years ago.

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


Next Steps

Dividend

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


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.


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 DSNY's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

0.6yrs

Average management tenure


CEO

Fred Vandenberg (52 yo)

3.42yrs

Tenure

US$208,406

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 ($USD208.41K) is below average for companies of similar size in the US market ($USD561.41K).

Compensation vs Earnings: Fred's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Frederick Vandenberg
CEO, President3.42yrsUS$208.41k3.71%
$ 279.5k
Samuel Ritchie
CFO & Treasurer0.50yrUS$90.27k0.013%
$ 966.1
Alen Vitasovic
Director of Operations0.58yrno datano data
Glenn Mattern
Director of Business Development0.58yrno datano data

0.6yrs

Average Tenure

Experienced Management: DSNY's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Frederick Vandenberg
CEO, President3.42yrsUS$208.41k3.71%
$ 279.5k
Lawrence Langs
Member of Advisory Board5.83yrsUS$24.50kno data
Hyonmyong Cho
Independent Chairman of the Boardno datano data1.37%
$ 102.8k
Samuel Graber
Independent Director3.75yrsUS$12.50k1.44%
$ 108.7k
David Summers
Independent Director1.75yrsno data0.045%
$ 3.4k

3.3yrs

Average Tenure

52yo

Average Age

Experienced Board: DSNY's board of directors are considered experienced (3.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: DSNY 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

Destiny Media Technologies Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Destiny Media Technologies Inc.
  • Ticker: DSNY
  • Exchange: OTCPK
  • Founded: 1991
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: US$7.524m
  • Shares outstanding: 10.45m
  • Website: https://investors.dsny.com

Number of Employees


Location

  • Destiny Media Technologies Inc.
  • 885 West Georgia Street
  • Suite 1110
  • Vancouver
  • British Columbia
  • V6C 3E8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DSNYOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJul 1999
DME1DB (Deutsche Boerse AG)YesCommon StockDEEURJul 1999
DSYTSXV (TSX Venture Exchange)YesCommon StockCACADJul 1999

Biography

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 form...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 00:03
End of Day Share Price2020/11/25 00:00
Earnings2020/08/31
Annual Earnings2020/08/31


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.