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Corus Entertaiment

Corus Entertaiment on Kanadalainen media talo, joka oli muutamia vuosia sitten vielä osa Kanadalaisen miljardöörin nimeltä Shaw imperiumia. Corus Entertaiment oli melkoinen osinkoyhtiö, ennen kuin velkojen koko alkoin painamaan yhtiötä.

Yhtiön nettisivut löytyvät täältä:

https://www.corusent.com/

Kun tutkii entisten työntekijöiden mielipiteitä yhtiöstä, saa vastaansa melkoisen ristiriitaisen näkemyksen. Jotkut pitävä yhtiötä kovana paikkana tehdä työtä, taas toiset kehuvat sitä. Itse uskon yhtiön tulevaisuuteen, koska lopulta sirkus on se mikä kannattaa. Sirkuksesta niin moni on valmis maksamaan.

Coruksen suurimmaksin ongelmaksi on nähty suuri velan määrä, jota alla olevissa kaavioissa ei näy. Velkaa on yli miljardi Kanadan dollaria, joka on melkoinen määrä Kanalaiselle media yritykselle. Velkaa on ollut yli kaksi miljardia, mutta velan poismaksuohjelma on toiminut viime vuosina ihan kohtalaisesti. Jokainen tajuaa, että oikeasti jos pystyy maksamaan näin suurta velkaa jatkuvasti pois, niin yrityksen kannattavuus ei voi olla kovin matalalla tasolla. Tietenkin velkaan liittyy riski konkurssista pitkällä aikavälillä.

Taloudellinen tila

Yhtiön kokonaistila.

Net Income -900000-900000-800000-800000-700000-700000-600000-600000-500000-500000-400000-400000-300000-300000-200000-200000-100000-10000000Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q120172852635.6955128205128244.37424452243195Q420197364583.932692307692333.37587309115054Q3201911720132.1698717948717748.470936166176614Q2201966776180.4070512820512735.0502854974865Q1201939860228.6442307692307541.61142748743242Q42018-928743276.8814102564102277.72161528976574Q3201845713325.118589743589740.184678933889785Q2201885007373.355769230769230.606230674381095Q1201835714421.592948717948742.622071516646116Q4201775690469.830128205128232.87737645831356Q3201731982518.067307692307743.531797401119235Q2201780703566.304487179487231.65538935786779Q12017Net IncomeNet Income Total Revenue 00100000100000200000200000300000300000400000400000Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q1201737747934.557051282051276304.7891977205518Q4201945841781.25576923076922262.0502296855247Q32019384115127.95448717948716301.28508603159923Q22019467471174.65320512820512257.2693033395669Q12019379084221.35192307692307303.9416842695619Q42018441410268.050641025641271.0307039914342Q32018369465314.7493589743589309.02095647209876Q22018457388361.4480769230769262.5935887765332Q12018381212408.1467948717948302.818002884075Q42017461628454.84551282051274260.3546747377811Q32017368187501.5442307692307309.6957989583075Q22017467981548.2429487179487257.0Q12017Total RevenueTotal Revenue Total Asset 00100000010000002000000200000030000003000000400000040000005000000500000060000006000000Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q12017467229935.197435897435895317.0902033039765Q42019479822982.76153846153846312.04941266053834Q320194869960130.325641025641309.17812739376734Q220194982389177.88974358974363304.6777617044867Q120194882954225.45384615384617308.6579968957063Q420184968929273.01794871794874305.21654548961084Q320185994090320.5820512820513264.18087506304255Q220186094329368.1461538461539260.1684569473624Q120186067844415.7102564102564261.2286121144509Q420176169540463.27435897435896257.1578724553142Q320176141014510.83846153846156258.2997258174576Q220176173484558.4025641025642257.0Q12017Total AssetTotal Asset Total liabilities 0040000040000080000080000012000001200000160000016000002000000200000024000002400000280000028000003200000320000036000003600000Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q12017293006233.20512820512821304.95716752032513Q42019306181278.07692307692308296.00203445410534Q320193159333122.94871794871793289.37346874821674Q220193243083167.82051282051282283.6809268560277Q120193206151212.69230769230768286.19121888184657Q420183319528257.56410256410254278.48491055813645Q320183366025302.43589743589746275.3244792702426Q220183473453347.3076923076923268.02252834016394Q120183468323392.1794871794872268.3712177718885Q420173584334437.05128205128204260.48587475750344Q320173589858481.92307692307696260.1104048898921Q220173635619526.7948717948717257.0Q12017Total liabilitiesTotal liabilit…Total liabilities Equity 00200000200000400000400000600000600000800000800000100000010000001200000120000014000001400000160000016000001800000180000020000002000000220000022000002400000240000026000002600000Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q12017174223737.687820512820515340.2938785467927Q42019173641788.6173076923077340.84112967584076Q320191710627139.54679487179487343.26614799511015Q220191739306190.47628205128206340.56947872879266Q120191676803241.40576923076924346.4465985430345Q420181649401292.3352564102564349.0231922609337Q320182628065343.2647435897436257.0Q220182620876394.1942307692308257.675977382599Q120182599521445.12371794871797259.68397529682926Q420172585206496.05320512820515261.0300062095994Q320172551156546.9826923076923264.23170740274105Q220172538650597.9121794871794265.4076391243689Q12017EquityEquity ROE(E/I) 00101020203030404050506060707080809090100100110110120120130130140140Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q1201761.0840.605128205128196395.9961314575502Q4201923.5895.47692307692306458.7200174943508Q32019145.96150.3487179487179254.02270620945322Q2201926.05205.2205128205128454.5886042007269Q1201942.07260.09230769230766427.79296008580565Q42018-1.78314.9641025641025501.13809082483783Q3201857.49369.83589743589744402.0008981474732Q2201830.83424.70769230769224446.593399527236Q1201872.79479.57948717948705376.4095526444586Q4201734.16534.451282051282441.02351844716816Q3201779.77589.3230769230768364.7345466568088Q2201731.46644.1948717948716445.5396382418178Q12017ROE(E/I)ROE ROE(I/E)% -50-50-40-40-30-30-20-20-10-1000Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q120171.6440.1070512820512837.79987931143998Q420194.2494.3057692307692327.188814076097287Q320190.69148.5044871794871441.676999301276766Q220193.84202.703205128205128.82128565076539Q120192.38256.90192307692334.779806898304Q42018-56.31311.100641025641274.30419869148193Q320181.74365.2993589743589437.391761417772955Q220183.24419.498076923076931.269993012767543Q120181.37473.696794871794838.901797624340986Q420172.93527.895512820512732.535158483135376Q320171.25582.094230769230839.39153909674138Q220173.18636.292948717948831.514863748967798Q12017ROE(I/E)%ROE% Dept/equity% 002020404060608080100100120120140140160160180180200200Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q12017168.1836.620512820512815297.6169975309397Q42019176.3386.1076923076923287.61008913078376Q32019184.69135.59487179487178277.34533401111463Q22019186.46185.08205128205125275.17205451807456Q12019191.21234.56923076923076269.3398072909898Q42018201.26284.05641025641023257.0Q32018128.08333.5435897435898346.8534425427499Q22018132.53383.03076923076935341.3895477721126Q12018133.42432.5179487179487340.29676881798514Q42017138.65482.00512820512824333.8751576605845Q32017140.71531.4923076923077331.3458041263119Q22017143.21580.9794871794871328.2762003225831Q12017Dept/equity%Dept/equity RNV/Equity% 0022446688101012121414161618182020222224242626Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q1201721.6736.976282051282055304.89699233058604Q4201926.486.94423076923077261.41277472527474Q3201922.45136.9121794871795297.72623340201466Q2201926.88186.88012820512822257.0Q1201922.61236.84807692307695296.2553084935897Q4201826.76286.8160256410257258.10319368131866Q3201814.06336.78397435897443374.8578582875458Q2201817.45386.75192307692316343.692636790293Q1201818436.71987179487184338.6363324175825Q4201714.24486.68782051282056373.20306776556777Q3201718.09536.6557692307692337.8089371565934Q2201715.02586.6237179487179366.0323088369963Q12017RNV/Equity%RNV/Equity% Equity ration 001010202030304040Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q1201737.2934.11005917159763293.9207520353734Q4201936.1978.99171597633135300.1211836749018Q3201935.13123.87337278106507306.0961450729927Q2201934.91168.7550295857988307.33623140089844Q1201934.34213.63668639053256310.54918234138125Q4201833258.51834319526625318.102435429534Q320180.9303.4499.04230418304326Q2201843.84348.28165680473364257.0Q1201843.01393.1633136094674261.678507509826Q4201742.84438.0449704142012262.6367560359349Q3201741.9482.92662721893487267.9353067097137Q2201741.54527.8082840236685269.96453888265023Q1201741.1572.6899408284023272.44471153846155Equity rationEquity ration Current Ration 000.10.10.20.20.30.30.40.40.50.50.60.60.70.70.80.80.90.911Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q120170.9535.12628205128205280.5347985347985Q420190.9782.59423076923076275.82783882783883Q320190.97130.06217948717946275.82783882783883Q220191.05177.53012820512822257.0Q120190.97224.99807692307692275.82783882783883Q420180.95272.4660256410256280.5347985347985Q320180.91319.93397435897435289.9487179487179Q220180.96367.4019230769231278.18131868131866Q120180.87414.86987179487176299.3626373626373Q420170.86462.3378205128205301.7161172161172Q320170.82509.8057692307693311.1300366300366Q220170.87557.2737179487178299.3626373626373Q12017Current RationCurrent Ration Working Capital TurnOver -28-28-24-24-20-20-16-16-12-12-8-8-4-40044881212Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q12017-13.7634.628205128205124253.78061718156056Q42019-29.4381.42307692307692340.7594598797429Q32019-25.15128.2179487179487317.00263494367266Q2201915.09175.0128205128205393.64407526435826Q12019-24.1221.80769230769232311.17444191029097Q42018-13.53268.60256410256414252.5039653742484Q32018-6.73315.3974358974359214.75947715806205Q22018-18.62362.19230769230774280.7568249360702Q12018-5.96408.9871794871795210.48546893358213Q42017-3.99455.78205128205127199.5506686709517Q32017-4.03502.5769230769231199.77269507222337Q22017-4.6549.3717948717947202.93657129034486Q12017Working Capital TurnOverWorking Capita…Working Capital TurnOver Long term dept 00200000200000400000400000600000600000800000800000100000010000001200000120000014000001400000160000016000001800000180000020000002000000Q42019Q32019Q22019Q12019Q42018Q32018Q22018Q12018Q42017Q32017Q22017Q12017165540633.70320512820513305.0015967879654Q42019169926279.24807692307692299.72655593456795Q320191789166124.7929487179487288.91281840985414Q220191832614170.33782051282054283.68685217949997Q120191877558215.8826923076923278.28094566465376Q420181903577261.4275641025641275.151355917195Q320181929126306.9724358974359272.0782982109872Q220181956087352.51730769230767268.8354038191492Q120181919080398.0621794871795273.28664052248917Q420171957083443.6070512820513268.71560400407293Q320172012462489.1519230769231262.05456589251924Q220172054485534.6967948717949257.0Q12017Long term deptLong term debt

Segmenttivertailu

Prosentuaaliset tuotot 2019 q4 93.4353.49726085399766385.0629266891555.9308.9027391460023148.937073310845Prosentuaaliset tuotot 2019 q4TelevisioRadio osuuksien kehitys 00101020203030404050506060707080809090201920182017201690.954.692307692307686260.21974442495616201992.1206.6153846153846257.0201889.6358.5384615384616263.70780088532536201786.1510.4615384615385273.098722124780820165.4121.53846153846153489.626534703081920196.8273.46153846153845485.870166207299820186.3425.3846153846154487.2117263843648520177.7577.3076923076923483.45535788858262016osuuksien kehitysTelevisionRadio

Historiallisia merkintöjä.

9.11.2019

Corus julkisti vuoden mittaisen omien osakkeiden osto-ohjelman. joka alkaa 12 marraskuuta 2019 ja päättyy 12 marraskuuta 2020. Pelkkä ohjelman julkistaminen nosti yhtiön osakkeen kurssia. Keväällä 2019 oli myös voimakas Coruksen kurssi nousu, joka päättyi siihen että Shaw myi markkinakurssia halvemmalla suuren joukon Coruksen B- osakkeita. Kurssit romahtivat voimakkaasti. Tämä omien osakkeiden osto saattaa nostaa osakkeen kursseja voimakkaasti. Asia selviää ajan kuluessa.

1.11.2019

Coruksen menneen vuoden korkomenot olivat syyskuun lopussa 117.7 miljoonaa CADia. Korkomenot olivat 156 miljoonaa eli tämän vuoden korkomenot olivat 25.6% pienemmät kuin viime vuotiset. Pankin korko on vuoden aikana laskenut sekä Corus on tehnyt joitakin finssioperaatioita, jotka ovat vaikuttaneet myös korkomenoihin. Itse lainan määräkin on hieman laskenut. Pankin efektiivinen korko on tällä hetkellä Corukselle 4.5%.