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Thunderbird Entertainment Group (TSE:TBRD)
:TBRD
Top Page
Thunderbird Entertainment Group Inc
(TBRD)
69Neutral
Positive Factors
Financial Performance
Thunderbird Entertainment Group's Q3/24 results were notably stronger than analyst estimates, with revenues up 37.3% year-over-year.
Future Outlook
Management is guiding to 20% revenue growth in F2025 and over 10% adjusted EBITDA growth, indicating a positive outlook for the company.
Target Price Adjustment
The analyst has raised the target price for the stock to $3.50 per share from $3.00, reflecting confidence in the company's future performance.
Negative Factors
Thunderbird Entertainment Group Inc (TBRD) vs. S&P 500 (SPY)
Market Cap
C$72.20M
Dividend YieldN/A
Average Volume (3M)6.82K
Price to Earnings (P/E)17.6
Beta (1Y)0.20
Revenue Growth17.54%
EPS GrowthN/A
CountryCA
EmployeesN/A
SectorCommunication Services
Sector Strength82
IndustryTraditional Media
Share Statistics
EPS (TTM)0.10
Shares Outstanding42,470,062
10 Day Avg. Volume2,776
30 Day Avg. Volume6,820
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.59
Price to Cash Flow (P/CF)1.80
P/FCF Ratio1.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$3.50Price Target Upside97.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Thunderbird Entertainment Group Inc Business Overview & Revenue Model
Company DescriptionThunderbird Entertainment Group Inc (TBRD) is a Vancouver-based multi-platform media company that creates award-winning scripted, factual and animated content for the global market. The company operates through various divisions, including Kids & Family, Factual, and Scripted, producing content for major streaming platforms and broadcasters worldwide. Thunderbird Entertainment Group is known for its high-quality storytelling and has established a reputation for developing and producing premium television series, feature films, and digital content.
How the Company Makes MoneyThunderbird Entertainment Group Inc generates revenue primarily through the production and distribution of television programs and films. The company secures funding from broadcasters and streaming platforms for the development and production of content, often entering into pre-sale agreements. Additionally, Thunderbird earns money through licensing deals, syndication, and the sale of distribution rights to various media outlets globally. The company also benefits from government tax credits and incentives available for film and television production. Significant partnerships with major networks and streaming services, such as Netflix and Disney+, contribute to its revenue streams, enabling Thunderbird to reach a wide audience and secure long-term contracts.
Thunderbird Entertainment Group Inc Financial Statement Overview
Summary
Thunderbird Entertainment Group Inc is demonstrating a positive financial trajectory with strong revenue growth. Improved profitability and decreasing leverage enhance financial stability. The company shows robust cash generation, although there remains room for improvement in profitability margins.Income Statement
Thunderbird Entertainment Group Inc has shown solid revenue growth, with the TTM revenue of CAD 180.03 million, up from CAD 165.32 million in 2024. The Gross Profit Margin stands at 20.3% TTM, indicating stable cost management. The Net Profit Margin has improved to 2.68% TTM from 1.44% in 2024, showing enhanced profitability. EBIT Margin is at 2.38% TTM, reflecting operational efficiency improvements. However, these margins remain modest, highlighting room for further enhancement. The EBITDA Margin is strong at 16.48% TTM, indicating good cash operating efficiency.75
Positive
Balance Sheet
The company's Debt-to-Equity ratio has decreased, indicating a reduction in leverage and improved financial stability. The current Debt-to-Equity is 0.37 TTM, down from 0.57 in 2024. Return on Equity has improved to 6.68% TTM from 3.43% in 2024, reflecting better efficiency in generating profits from equity. The Equity Ratio is 38.3% TTM, suggesting a healthy balance between debt and equity financing. Overall, the balance sheet shows improving financial health with reduced leverage risks.70
Positive
Cash Flow
Thunderbird Entertainment Group Inc shows robust cash flow management. The Free Cash Flow Growth Rate is positive, reflecting strong cash generation capabilities. Operating Cash Flow is significantly higher than Net Income, with a ratio of 8.30 TTM, indicating strong cash generation from operations. The Free Cash Flow to Net Income ratio is impressive at 8.02 TTM, demonstrating effective conversion of earnings into free cash.80
Positive
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 180.03M | 165.32M | 166.73M | 149.00M | 111.52M | 81.29M | Gross Profit |
| 36.57M | 37.53M | 36.94M | 39.26M | 34.88M | 30.13M | EBIT |
| 4.29M | 5.29M | -5.01M | 7.49M | 9.51M | 7.47M | EBITDA |
| 29.67M | 35.54M | 36.00M | 35.49M | 37.45M | 31.34M | Net Income Common Stockholders |
| 4.82M | 2.38M | -5.01M | 3.60M | 5.74M | 4.13M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 33.16M | 25.22M | 25.36M | 30.18M | 22.42M | 12.82M | Total Assets |
| 188.48M | 172.60M | 215.85M | 223.72M | 160.14M | 155.18M | Total Debt |
| 26.86M | 39.83M | 74.49M | 85.27M | 57.87M | 69.28M | Net Debt |
| -6.30M | 14.62M | 49.13M | 55.09M | 35.45M | 56.46M | Total Liabilities |
| 116.33M | 103.30M | 149.18M | 153.90M | 96.21M | 101.52M | Stockholders Equity |
| 72.15M | 69.29M | 66.67M | 69.82M | 63.93M | 53.66M |
| Cash Flow | Free Cash Flow | ||||
| 38.64M | 37.22M | 11.37M | -9.69M | 21.36M | 12.23M | Operating Cash Flow |
| 40.00M | 37.67M | 13.18M | -5.56M | 22.79M | 15.54M | Investing Cash Flow |
| -982.00K | -440.00K | -1.74M | -4.12M | -1.43M | -3.31M | Financing Cash Flow |
| -26.64M | -37.83M | -16.46M | 16.87M | -11.34M | -12.99M |
Thunderbird Entertainment Group Inc Technical Analysis
Negative
1.77
Price Trends
1.78
Negative
1.76
Negative
1.83
Negative
Market Momentum
>-0.01
Positive
46.65
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TBRD, the sentiment is Negative. The current price of 1.77 is below the 20-day moving average (MA) of 1.79, below the 50-day MA of 1.78, and below the 200-day MA of 1.83, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.65 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TBRD.
Thunderbird Entertainment Group Inc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Performance Comparison
TSE:TBRD
Thunderbird Entertainment Group Inc
1.74
-0.36
-17.14%
TSE:CGX
Cineplex
9.64
1.94
25.19%
Thunderbird Entertainment Group Inc Earnings Call Summary
Earnings Call Date: Feb 20, 2025 | % Change Since: -4.32% | Next Earnings Date: May 22, 2025
Earnings Call Sentiment Positive
The earnings call showcased Thunderbird's consistent revenue growth, positive earnings, and strong industry partnerships, especially in production services. However, the company faced challenges with a significant decrease in licensing and distribution revenue and a decline in gross margin.Highlights
Revenue Growth
Thunderbird reported a 6% increase in Q2 revenue, totaling $47.2 million compared to $44.5 million last year. Year-to-date revenue increased by 19% to $92.8 million.
Production Services Growth
Production service engagements experienced 42% growth with revenues totaling $44.3 million, driven by a 16% increase from the Animation division and significant contributions from Scripted and Unscripted production services.
Positive Earnings
Thunderbird recorded a fifth straight quarter of positive earnings with net income of $0.8 million, up from $0.6 million in the same period last year.
Adjusted EBITDA Increase
Q2 adjusted EBITDA increased to $4.2 million from $3.9 million last year. Year-to-date adjusted EBITDA rose 30% to $8.3 million.
Strong Partnerships
Thunderbird maintains over 250 partnerships with major streamers and broadcasters, including Netflix, Apple, Disney, and NBCUniversal.
Content Success
Sidelined: The QB and Me became the number one movie in Canada and the USA on Tubi and landed at number five on Variety's Streaming Originals Chart.
Milestone Achievement
Highway Thru Hell is set to celebrate its 200th episode, joining an exclusive club of long-running series.
Lowlights
Licensing and Distribution Revenue Decrease
Licensing and distribution revenue decreased by $10.5 million, representing a 79% drop due to the timing of airing several unscripted shows.
Gross Margin Decline
Gross margin for Q2 decreased to 21.3% from 23.2% last year due to an increase in scripted and unscripted production services.
Company Guidance
During the Thunderbird Entertainment Group's Fiscal 2025 Q2 earnings call, the company provided guidance reaffirming its target of 20% revenue growth and over 10% growth in adjusted EBITDA for the fiscal year. The revenue for Q2 reached $47.2 million, marking a 6% increase from the previous year, while the year-to-date revenue was $92.8 million, a 19% increase. The company's adjusted EBITDA for the quarter rose to $4.2 million, compared to $3.9 million in the same period last year, with the six-month adjusted EBITDA increasing by 30% to $8.3 million. Despite a 79% decrease in licensing and distribution revenue, primarily attributed to the timing of releases, Thunderbird remains optimistic about its growth strategy, supported by ongoing production service contracts and commitments for future series. Additionally, the company highlighted its strong balance sheet, carrying no corporate debt, allowing financial flexibility to pursue new growth opportunities.Thunderbird Entertainment Group Inc Corporate Events
Business Operations and Strategy
Highway Thru Hell Reaches 200th Episode Milestone
Positive
Mar 12, 2025
Great Pacific Media, a subsidiary of Thunderbird Entertainment Group, announced that its popular Canadian docuseries, Highway Thru Hell, will air its 200th episode on March 4th on USA Network. This milestone places the series among a select group of long-running factual shows, highlighting its success in capturing the dramatic and challenging work of recovery operators on treacherous highways. The episode will provide an insider look at the ‘Snow Protocol’ during a severe storm, showcasing the critical and heroic efforts of the rescue teams.
Business Operations and StrategyFinancial Disclosures
Thunderbird Entertainment Reports Strong Fiscal Q2 2025 Results
Positive
Feb 20, 2025
Thunderbird Entertainment Group Inc. reported strong financial results for Q2 fiscal 2025, with increased revenue, adjusted EBITDA, and free cash flow. The growth in these metrics is attributed to increased production service engagements and a reduction in general and administrative costs, indicating a positive impact on the company’s operational efficiency and financial health.
Business Operations and StrategyFinancial Disclosures
Thunderbird Entertainment Schedules Fiscal Q2 2025 Results Release and Conference Call
Neutral
Feb 6, 2025
Thunderbird Entertainment Group announced it will release its fiscal Q2 2025 results on February 19, 2025, followed by a conference call and webcast on February 20, 2025. During the webcast, CEO Jennifer Twiner McCarron and CFO Simon Bodymore will discuss business operations and financial statements, respectively, with a Q&A session to follow. This announcement provides stakeholders with an opportunity to gain insights into the company’s operational and financial health.
Thunderbird Entertainment Announces AGM Results and Incentive Plan
Dec 16, 2024
Thunderbird Entertainment Group announced the approval of all proposals at their annual general meeting, including the reappointment of its board members and the adoption of a new Omnibus Equity Incentive Plan. The plan allows for up to 10% of shares to be allocated as stock options and other incentives. Additionally, 179,476 restricted share units were granted to non-executive directors, highlighting the company’s commitment to aligning leadership interests with shareholder value.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.