Spin Master Corp T.TOY

Alternate Symbol(s): SNMSF

Consumer Cyclical Leisure

Spin Master Corp., a children’s entertainment company, engages in the creation, design, manufacture, licensing, and marketing of various toys, entertainment products, and digital games in North America, Europe, and internationally. The company’s Toys segment’s product categories include activities, games and puzzles, and plush; wheels and action; outdoor; and preschool, dolls, and interactive products. Its Entertainment segment engages in the creation and production of multi-platform content, stories, and characters in original shows, short-form series, and films. The company’s Digital Games segment is involved in the development of digital games distributed via third-party platform providers. Spin Master Corp. was founded in 1994 and is headquartered in Toronto, Canada.

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Spin Master Corp

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Post by retiredcfon Aug 09, 2022 9:44am

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Post# 34881171

Another Assessment

Found this from last week. GLTA

Could you comment on the latest earnings from Spin Master. They look good (supported by analysts from TD and RBC) and in addition, they also introduced a quarterly dividend (something that you always like to see). Very surprised that the SP dropped but would appreciate your views.

The share price dropped, but it is still a strong relative outperformer this year. EPS of 68c beat estimates by 39%. Sales of $506M beat estimates by 3.7%. EBITDA of $113.7M beat by 23%. The dividend yield is only 0.50%, but yes we do like to see first dividends. The balance sheet remains flush, with about $480M net cash. There has been a bit of insider buying. It is hard for us to see fault here. At 15X earnings, considering growth and the balance sheet, we think it remains attractive. (5iResearch)

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