Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.099 per share at 3.0% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 30 March 2023. Payout ratio and cash payout ratio are on the higher end at 80% and 89% respectively. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.8%). Duyuru • Feb 18
Shaw Communications Inc. Declares Monthly Dividend for the Month of 2023, Payable on March 30, 2023 Shaw’s Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on March 30, 2023 to holders of record at the close of business on March 15, 2023. These dividends are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any similar provincial legislation. Upcoming Dividend • Feb 07
Upcoming dividend of CA$0.099 per share at 3.0% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 27 February 2023. Payout ratio and cash payout ratio are on the higher end at 80% and 89% respectively. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.9%). Duyuru • Jan 31
Shaw Communications Inc. Declares Monthly Dividends of Class B Non-Voting Participating Share and Class A Participating Share, Payable on February 27, 2023 Shaw Communications Inc. announced that its Board of Directors has declared monthly dividends of $0.09875 per Class B Non-Voting Participating Share and $0.098542 per Class A Participating Share, payable on February 27, 2023 to holders of record at the close of business on February 15, 2023. Reported Earnings • Jan 13
First quarter 2023 earnings released: EPS: CA$0.34 (vs CA$0.39 in 1Q 2022) First quarter 2023 results: EPS: CA$0.34 (down from CA$0.39 in 1Q 2022). Revenue: CA$1.37b (down 1.2% from 1Q 2022). Net income: CA$168.0m (down 14% from 1Q 2022). Profit margin: 12% (down from 14% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Jan 05
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 12 January 2023. Payment date: 30 January 2023. Payout ratio and cash payout ratio are on the higher end at 77% and 81% respectively. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (7.8%). Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 29 December 2022. Payout ratio and cash payout ratio are on the higher end at 77% and 81% respectively. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (7.9%). Reported Earnings • Nov 30
Full year 2022 earnings released Full year 2022 results: Revenue: CA$5.45b (down 1.1% from FY 2021). Net income: CA$764.0m (down 22% from FY 2021). Profit margin: 14% (down from 18% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Nov 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (9.1%). Upcoming Dividend • Oct 06
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 13 October 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (5.4%). Lower than average of industry peers (9.6%). Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.7%). Upcoming Dividend • Aug 05
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 12 August 2022. Payment date: 30 August 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (8.1%). Upcoming Dividend • Jul 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 July 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (8.3%). Reported Earnings • Jul 03
Third quarter 2022 earnings released: EPS: CA$0.41 (vs CA$0.70 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.41 (down from CA$0.70 in 3Q 2021). Revenue: CA$1.35b (down 2.1% from 3Q 2021). Net income: CA$203.0m (down 42% from 3Q 2021). Profit margin: 15% (down from 26% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 1.3%, compared to a 9.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (6.8%). Upcoming Dividend • May 05
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 30 May 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (6.6%). Reported Earnings • Apr 14
Second quarter 2022 earnings released: EPS: CA$0.39 (vs CA$0.43 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.39 (down from CA$0.43 in 2Q 2021). Revenue: CA$1.36b (down 2.0% from 2Q 2021). Net income: CA$196.0m (down 8.8% from 2Q 2021). Profit margin: 14% (down from 16% in 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 17% per year. Upcoming Dividend • Apr 06
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.8%). Lower than average of industry peers (5.9%). Upcoming Dividend • Mar 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 30 March 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (5.1%). Upcoming Dividend • Feb 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 February 2022. Payment date: 25 February 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.1%). Reported Earnings • Jan 13
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: CA$0.39 (up from CA$0.31 in 1Q 2021). Revenue: CA$1.39b (up 1.2% from 1Q 2021). Net income: CA$196.0m (up 22% from 1Q 2021). Profit margin: 14% (up from 12% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 1.6%, compared to a 6.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 06
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 13 January 2022. Payment date: 28 January 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.1%). Upcoming Dividend • Dec 08
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 30 December 2021. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (4.2%). Upcoming Dividend • Nov 05
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 12 November 2021. Payment date: 29 November 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.0%). Reported Earnings • Oct 30
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: CA$5.51b (up 1.9% from FY 2020). Net income: CA$986.0m (up 45% from FY 2020). Profit margin: 18% (up from 13% in FY 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 October 2021. Payment date: 28 October 2021. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.9%). Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 29 September 2021. Trailing yield: 3.2%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.8%). Upcoming Dividend • Aug 05
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 30 August 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.1%). Upcoming Dividend • Jul 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 July 2021. Payment date: 29 July 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.9%). Reported Earnings • Jul 04
Third quarter 2021 earnings released: EPS CA$0.70 (vs CA$0.35 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$1.38b (up 4.8% from 3Q 2020). Net income: CA$352.0m (up 95% from 3Q 2020). Profit margin: 26% (up from 14% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 June 2021. Payment date: 29 June 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.9%). Upcoming Dividend • May 06
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 28 May 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.8%). Reported Earnings • Apr 16
Second quarter 2021 earnings released: EPS CA$0.43 (vs CA$0.32 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$1.39b (up 1.8% from 2Q 2020). Net income: CA$215.0m (up 30% from 2Q 2020). Profit margin: 16% (up from 12% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 07
Upcoming dividend of CA$0.099 per share Eligible shareholders must have bought the stock before 14 April 2021. Payment date: 29 April 2021. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (3.8%). Recent Insider Transactions • Mar 23
Independent Lead Director recently bought €139k worth of stock On the 16th of March, Paul Pew bought around 6k shares on-market at roughly €23.10 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €23m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 43% share price gain to CA$22.58, the stock trades at a trailing P/E ratio of 25.6x, up from the previous P/E ratio of 17.8x. Average P/E is 20x in the Media industry in Germany. Total returns to shareholders over the past three years are 69%. Is New 90 Day High Low • Mar 06
New 90-day high: €15.67 The company is up 5.0% from its price of €14.90 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.96 per share. Upcoming Dividend • Feb 04
Upcoming Dividend of CA$0.099 Per Share Will be paid on the 25th of February to those who are registered shareholders by the 11th of February. The trailing yield of 5.3% is in the top quartile of German dividend payers (3.5%), and it is higher than industry peers (3.2%). Analyst Estimate Surprise Post Earnings • Jan 18
Revenue misses expectations Revenue missed analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 2.3%, compared to a 2.8% growth forecast for the Media industry in Germany. Reported Earnings • Jan 16
First quarter 2021 earnings released: EPS CA$0.31 The company reported a mediocre first quarter result with flat earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$1.37b (flat on 1Q 2020). Net income: CA$161.0m (flat on 1Q 2020). Profit margin: 12% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Jan 16
Revenue misses expectations Revenue missed analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 2.3%, compared to a 2.8% growth forecast for the Media industry in Germany. Analyst Estimate Surprise Post Earnings • Jan 14
Revenue misses expectations Revenue missed analyst estimates by 0.8%. Over the next year, revenue is forecast to grow 2.6%, compared to a 2.9% growth forecast for the Media industry in Germany. Reported Earnings • Jan 14
First quarter 2021 earnings released: EPS CA$0.31 The company reported a decent first quarter result with improved earnings, although revenues and profit margins were flat. First quarter 2021 results: Revenue: CA$1.37b (flat on 1Q 2020). Net income: CA$163.0m (up 1.9% from 1Q 2020). Profit margin: 12% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jan 07
Upcoming Dividend of CA$0.099 Per Share Will be paid on the 28th of January to those who are registered shareholders by the 14th of January. The trailing yield of 5.2% is in the top quartile of German dividend payers (3.5%), and it is higher than industry peers (3.2%). Upcoming Dividend • Dec 07
Upcoming Dividend of CA$0.099 Per Share Will be paid on the 30th of December to those who are registered shareholders by the 14th of December. The trailing yield of 5.1% is in the top quartile of German dividend payers (3.6%), and it is higher than industry peers (3.3%). Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 1.8% while the growth in Media industry in Germany is expected to stay flat. Reported Earnings • Nov 05
Full year 2020 earnings released: EPS CA$1.32 The company reported a soft full year result with weaker earnings and profit margins, although revenues were improved. Full year 2020 results: Revenue: CA$5.41b (up 1.3% from FY 2019). Net income: CA$679.0m (down 6.0% from FY 2019). Profit margin: 13% (down from 14% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 05
Upcoming Dividend of CA$0.099 Per Share Will be paid on the 27th of November to those who are registered shareholders by the 12th of November. The trailing yield of 5.4% is in the top quartile of German dividend payers (3.9%), and it is higher than industry peers (3.9%). Is New 90 Day High Low • Oct 15
New 90-day low: €14.77 The company is down 6.0% from its price of €15.69 on 17 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.93 per share.