Financials Corus Entertainment Inc.

Equities

CJR.B

CA2208741017

Broadcasting

Market Closed - Toronto S.E. Other stock markets 03:59:36 2024-12-04 pm EST			5-day change	1st Jan Change
0.1100 ^CAD	+4.76%		0.00%	-84.51%

Dec. 02	Quebecor Could Buy Corus, CIBC Says	MT
Oct. 28	BMO on Corus Entertainment's Q4	MT

Projected Income Statement: Corus Entertainment Inc.

income-statement-evolution-chart CORUS-ENTERTAINMENT-INC

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,511	1,543	1,599	1,511	1,271	1,140	1,075	1,093
Change	-	2.13%	3.57%	-5.46%	-15.92%	-10.27%	-5.7%	1.66%
EBITDA ¹	505.8	524.6	443.6	334	283.4	203.6	174.2	230.9
Change	-	3.71%	-15.44%	-24.71%	-15.14%	-28.15%	-14.47%	32.56%
EBIT ¹	347.3	372.4	286.7	176.4	172.4	141	134	128
Change	-	7.22%	-23%	-38.49%	-2.27%	-18.19%	-4.96%	-4.48%
Interest Paid ¹	-115.2	-104.1	-107.1	-135.4	-107.8	-102.8	-91	-81
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Net income	-625.4	-	-	-	-	-	-	-
Change	-	-100%	-	-	-	-	-	-
Announcement Date	10/22/20	10/22/21	10/21/22	10/27/23	10/25/24	-	-	-

¹CAD in Million

Estimates

Fiscal Period: August	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	467.9	376	349	318.4	420.4	358.9	403	361.3	463.9	361.7	433.5	339.6	431.2	343.9	397.3	338.8	369.9	299.5	331.8	269.4	330.1	271.1	299.6	243.7
Change	-	-19.64%	-7.19%	-8.76%	32.02%	-14.63%	12.3%	-10.36%	28.41%	-22.03%	19.85%	-21.65%	26.97%	-20.25%	15.55%	-14.72%	9.17%	-19.02%	10.77%	-18.82%	22.54%	-17.88%	10.51%	-18.64%
EBITDA ¹	184.1	115.9	111.3	94.5	178.6	112.6	130.7	102.7	177.2	86.56	123.7	56.19	131.7	59.14	96.9	46.27	120.8	52.74	67.54	42.3	91.97	43.27	56.77	28.53
Change	-	-37.05%	-3.97%	-15.1%	89%	-36.93%	16.01%	-21.41%	72.51%	-51.15%	42.95%	-54.59%	134.37%	-55.1%	63.87%	-52.25%	161.17%	-56.35%	28.04%	-37.37%	117.42%	-52.95%	31.2%	-49.74%
EBIT ¹	144.1	75.61	71.83	55.7	140.6	74.34	92.55	64.85	139.8	46.81	83.78	-	91.56	18.85	56.73	9.222	90.53	22.9	40.14	18.79	72.5	19.5	35	11
Change	-	-47.55%	-5%	-22.45%	152.44%	-47.13%	24.5%	-29.93%	115.56%	-66.51%	78.97%	-100%	-	-79.41%	200.89%	-83.74%	881.69%	-74.71%	75.31%	-53.19%	285.91%	-73.1%	79.49%	-68.57%
Charge d'intérêts ¹	-28.82	-29.78	-29.38	-27.2	-24.74	-24.35	-26.81	-26.66	-25.52	-25.76	-28.51	-27.31	-34.37	-34.75	-33.28	-33.01	-29.09	-28.07	-26	-24.66	-27	-26.5	-26	-25.5
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	35.3	40.67	19.92	76.16	16.22	29.62	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	15.2%	-51.02%	282.35%	-78.7%	82.61%	-100%	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	1/10/20	4/1/20	6/26/20	10/22/20	1/12/21	4/9/21	6/29/21	10/22/21	1/13/22	4/8/22	6/29/22	10/21/22	1/13/23	4/13/23	6/29/23	10/27/23	1/12/24	4/12/24	7/15/24	10/25/24	-	-	-	-

¹CAD in Million

Estimates

Forecast Balance Sheet: Corus Entertainment Inc.

balance-sheet-analysis-chart CORUS-ENTERTAINMENT-INC

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,609	1,449	1,341	1,162	1,087	1,030	969	777
Change	-	-9.94%	-7.45%	-13.35%	-6.45%	-5.27%	-5.92%	-19.81%
Announcement Date	10/22/20	10/22/21	10/21/22	10/27/23	10/25/24	-	-	-

¹CAD in Million

Estimates

Cash Flow Forecast: Corus Entertainment Inc.

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	19.32	29.84	17.81	13.3	17.78	13.4	11.67	14
Change	-	54.47%	-40.32%	-25.31%	33.7%	-24.66%	-12.94%	20%
Free Cash Flow (FCF) ¹	297.9	251.9	239.6	109.4	112.9	76.25	61.17	-
Change	-	-15.42%	-4.91%	-54.35%	3.21%	-32.45%	-19.78%	-100%
Announcement Date	10/22/20	10/22/21	10/21/22	10/27/23	10/25/24	-	-	-

¹CAD in Million

Estimates

Forecast Financial Ratios: Corus Entertainment Inc.

Fiscal Period: August	2019	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	33.47%	33.99%	27.75%	22.1%	22.31%	17.86%	16.2%	21.13%
EBIT Margin (%)	-	22.98%	24.12%	17.93%	11.67%	13.56%	12.37%	12.46%	11.71%
EBT Margin (%)	-	-	-	-	-	-	-	-	-
Net margin (%)	-	-41.38%	-	-	-	-	-	-	-
FCF margin (%)	-	19.71%	16.32%	14.99%	7.24%	8.88%	6.69%	5.69%	-
FCF / Net Income (%)	-	-47.63%	-	-	-	-	-	-	-
Profitability
ROA	6.62%	5.02%	5.95%	4.87%	3.53%	5.09%	-	-	-
ROE	10.57%	-43.55%	17.15%	-21.86%	-62.05%	-1,307.63%	-	-	-
Financial Health
Leverage (Debt/EBITDA)	-	3.18x	2.76x	3.02x	3.48x	3.84x	5.06x	5.56x	3.37x
Debt / Free cash flow	-	5.4x	5.75x	5.6x	10.63x	9.63x	13.5x	15.84x	-
Capital Intensity
CAPEX / Current Assets (%)	-	1.28%	1.93%	1.11%	0.88%	1.4%	1.18%	1.09%	1.28%
CAPEX / EBITDA (%)	-	3.82%	5.69%	4.01%	3.98%	6.27%	6.58%	6.7%	6.06%
CAPEX / FCF (%)	-	6.49%	11.84%	7.43%	12.16%	15.76%	17.57%	19.07%	-
Items per share
Cash flow per share ¹	-	1.493	1.326	1.053	0.6148	0.6551	0.79	0.76	0.75
Change	-	-	-11.23%	-20.57%	-41.61%	6.55%	20.59%	-3.8%	-1.32%
Dividend per Share ¹	-	0.24	0.24	0.24	0.15	-	-	-	-
Change	-	-	0%	0%	-37.5%	-	-	-	-
Book Value Per Share ¹	-	4.318	5.123	-	1.593	-2.334	-2.13	-1.96	-1.81
Change	-	-	18.64%	-	-	-246.46%	-8.72%	-7.98%	-7.65%
EPS ¹	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-
Nbr of stocks (in thousands)	-	208,367	208,367	200,720	199,444	199,440	199,440	199,440	199,440
Announcement Date	-	10/22/20	10/22/21	10/21/22	10/27/23	10/25/24	-	-	-