TSX:TOY - Post Discussion
Post by
retiredcf on Aug 09, 2022 9:44am
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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