OTCPK:TORS.F

Stock Analysis Report

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Executive Summary

Torstar Corporation operates as a media company in Canada, the United States, and internationally.


Snowflake Analysis

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TORS.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.3%

TORS.F

0.09%

US Media

-0.04%

US Market


1 Year Return

-13.1%

TORS.F

5.6%

US Media

17.1%

US Market

Return vs Industry: TORS.F underperformed the US Media industry which returned 6.2% over the past year.

Return vs Market: TORS.F underperformed the US Market which returned 16.2% over the past year.


Shareholder returns

TORS.FIndustryMarket
7 Day1.3%0.09%-0.04%
30 Day20.3%8.5%5.1%
90 Dayn/a21.4%19.5%
1 Year-10.8%-13.1%7.2%5.6%19.6%17.1%
3 Year-31.1%-43.7%6.6%2.3%42.5%33.3%
5 Year-75.0%-83.3%44.0%34.0%75.1%56.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

0.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: TORS.F ($0.56) is trading above our estimate of fair value ($0.37)

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


Price To Earnings Ratio

PE vs Industry: TORS.F is unprofitable, so we can't compare its PE Ratio to the US Media industry average.

PE vs Market: TORS.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TORS.F is good value based on its PB Ratio (0.4x) compared to the US Media industry average (1.5x).


Next Steps

Future Growth

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

69.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TORS.F is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TORS.F is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TORS.F is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TORS.F's revenue is expected to decline over the next 3 years (-10.2% per year).

High Growth Revenue: TORS.F's revenue is forecast to decline over the next 3 years (-10.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TORS.F is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Torstar performed over the past 5 years?

40.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TORS.F is currently unprofitable.

Growing Profit Margin: TORS.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TORS.F is unprofitable, but has reduced losses over the past 5 years at a rate of 40.1% per year.

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

Earnings vs Industry: TORS.F is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (3.3%).


Return on Equity

High ROE: TORS.F has a negative Return on Equity (-40.07%), as it is currently unprofitable.


Next Steps

Financial Health

How is Torstar's financial position?


Financial Position Analysis

Short Term Liabilities: TORS.F's short term assets (CA$182.4M) exceed its short term liabilities (CA$89.0M).

Long Term Liabilities: TORS.F's short term assets (CA$182.4M) exceed its long term liabilities (CA$69.0M).


Debt to Equity History and Analysis

Debt Level: TORS.F is debt free.

Reducing Debt: TORS.F had no debt 5 years ago.


Balance Sheet


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: TORS.F has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TORS.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Torstar current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: TORS.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TORS.F'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?

7.8yrs

Average management tenure


CEO

John Boynton (56 yo)

3.42yrs

Tenure

CA$1,877,041

Compensation

Mr. John Boynton has been the Chief Executive Officer and President at Torstar Corporation since March 31, 2017. Mr. Boynton is a Publisher of the Toronto Star. He served as the Chief Marketing Officer for ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD1.41M) is above average for companies of similar size in the US market ($USD606.98K).

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


Leadership Team

NamePositionTenureCompensationOwnership
John Honderich
Chairman of the Boardno dataCA$275.00k6.03%
CA$ 2.7m
John Boynton
CEO, President & Director3.42yrsCA$1.88m0.055%
CA$ 24.8k
Lorenzo DeMarchi
Executive VP & CFO10.75yrsCA$1.04m0.0081%
CA$ 3.6k
Marie Beyette
Senior VPno dataCA$310.16k0.0014%
CA$ 609.3
Ian Oliver
Executive VP & President of Community Brands and Operations13.92yrsCA$939.15kno data
Neil Oliver
Executive VP & President of Daily News Brands2.83yrsCA$584.51k0.013%
CA$ 6.0k
Jennifer Barber
Senior VP of Finance and CFO of Community & Daily News Brands7.83yrsno datano data
Angus Frame
Senior Vice President of Digital Products & Digital Product Developmentno datano datano data
Wayne Parrish
Senior Vice President of Editorialno datano datano data

7.8yrs

Average Tenure

Experienced Management: TORS.F's management team is seasoned and experienced (7.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Honderich
Chairman of the Boardno dataCA$275.00k6.03%
CA$ 2.7m
John Boynton
CEO, President & Director3.42yrsCA$1.88m0.055%
CA$ 24.8k
Daniel Jauernig
Independent Director11.58yrsCA$80.25kno data
Campbell Harvey
Independent Director28.25yrsCA$74.43k2.35%
CA$ 1.1m
Martin Thall
Independent Director18.25yrsCA$80.75k0.0017%
CA$ 770.6
Elaine Berger
Independent Director14.25yrsCA$70.25k0.00049%
CA$ 219.5
Alnasir Samji
Independent Director11.42yrsCA$88.50kno data
Linda Hughes
Independent Lead Directorno dataCA$99.75kno data
Dorothy Strachan
Independent Director7.25yrsCA$72.75kno data
Daryl Aitken
Independent Director5.08yrsCA$76.25kno data

11.5yrs

Average Tenure

66.5yo

Average Age

Experienced Board: TORS.F's board of directors are seasoned and experienced ( 11.5 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Torstar Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Torstar Corporation
  • Ticker: TORS.F
  • Exchange: OTCPK
  • Founded: 1892
  • Industry: Publishing
  • Sector: Media
  • Market Cap: CA$59.843m
  • Listing Market Cap: CA$44.801m
  • Shares outstanding: 81.42m
  • Website: https://www.torstar.com

Number of Employees


Location

  • Torstar Corporation
  • One Yonge Street
  • Toronto
  • Ontario
  • M5E 1E6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TS.BTSX (The Toronto Stock Exchange)YesClass B SharesCACADJan 1976
TORS.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDJan 1976

Biography

Torstar Corporation operates as a media company in Canada, the United States, and internationally. It operates through three segments: Community Brands, Daily Brands, and Digital Ventures. The company publ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 23:41
End of Day Share Price2020/07/30 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.