December 14, 2018

Corus (CJR.B)

 

Corus (CJR.B) is an entertainment company that was originally part of the telecommunications giant Shaw Communications (SJR.B).  It was founded by the same JR Shaw that has led that company to the notoriety it enjoys today.  In 1999 Corus was officially spun off of Shaw to become its own publicly traded company.  Since that time is has seen extensive growth through targeted acquisitions and is now one of the bigger picture and voice media companies in Canada.  It is probably most well known for offering a variety of speciality programming channels that include such diverse offerings as the Teletoon cartoon network and the famous HBO channel.  Corus (CJR.B) also owns 37 of the most popular radio stations across Canada.

 

CorusCorus has been successful by providing a very wide array of entertainment options.  Its programming brands span every type of demographic and interest on the spectrum.  Brands that you might be familiar with include kids channels YTV, Treehouse, Nickelodeon, and Teletoon, and women specific brands like, W Network, Cosmopolitan TV, OWN: Oprah Winfrey Network (in Canada), and W Movies.  Other high profile options include Country Music Television (CMT), Sundance Channel, Movie Central, and nine other movie channels, as well as HBO Canada.

 

Corus’ radio stations offer a similarly diverse package.  Operating out of Canada’s biggest cities the company owns leading news-radio stations that purport to be the best in Canada as well as classic, rock, country, and contemporary music.  It’s main competitor in this sector, as well as in its television programming is Astral Media (ACM.A) which is an extremely similar company.

 

Corus (CJR.B) has made an extensive effort to give back to communities across Canada.  Each year they work with various different charities and non-profit organizations to donate millions of dollars worth of air-time to help local-fundraising efforts.  Corus’ vision is, “To be globally recognized as Canada’s most influential entertainment company.”  They site values such as, “Accountability, Initiative, Innovation, Knowledge and Teamwork,” as some of the chief reasons for their success in the industry.

 

With the financial and strategic support of the famous Shaw family to back up the Corus (CJR.B) brand there is little doubt that the company will be a force on the Canadian scene for a long time to come.  The communications assets behind the Shaw empire are no doubt a huge advantage to Shaw as it continues forward.  It offers up a very competitive 3% dividend that has seen increases of over 47% over the last 5 years, and the sales increases to back up that return of investment to shareholders.  It is now trading at a fairly attractive Price-to-Earnings ratio of about 12.5.  My advice would be compare the company to Astral Media (ACM.A) and if you firmly believe in one of the other it makes your decision easier, but you may just decide that this is a great time to buy undervalued entertainment/media stocks and want to own them both to take advantage of future growth opportunities.

 

Corus (CJR.B)Dividend Stock Graph:

TSE CJR

 

Corus (CJR.B) Dividend Metrics

TickerNamePriceDividend YieldPayout RatioINDUSTRY_SUBGROUPDEBT_TO_MKT_CAPDividend Growth 5 yearsDividend Growth 1 years
CJR/BCorus Entertainment Inc20.223.7138.23Multimedia0.4447.0514.58

Trackbacks

  1. […] Canada, the media market is controlled by a few large conglomerates.  Corus Entertainment Inc (CJR/B) and Astral Media Inc (ACM/A) join the mega-telecommunications giants when it comes to delivering […]

  2. […] and the company employs about 2,800 people.  Its main competitors would be Corus Entertainment (CJR.B), and increasingly the four main telecommunications giants: Shaw Communications (SJR.B), Rogers […]

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