# Spin Master Corp. (TOY.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price C$19.80, market value C$2.0 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Spin Master Corp. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.7×**. Each dollar of revenue is priced at 0.7×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 11.6×**. Enterprise value is 11.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 22.6%** (5-yr avg 8.2%). Free cash flow equals 22.6% of the market value, above its five-year average of 8.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 53.3%**. Spin Master Corp. keeps 53.3% of revenue after the direct cost of what it sells.
- **Operating margin: 9.9%**. 9.9% of revenue is left after running the business.
- **Net margin: -7.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -12.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 13.2%**. Return on all capital, debt included, is 13.2%.
- **Return on assets: -3.5%**. Each dollar of assets produces -3.5% of profit.

## Growth
- **Revenue growth (1 yr): -5.0%** (3-yr 2.1%/yr, 5-yr 6.5%/yr). Revenue fell 5.0% over the last year, against 6.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -293.5%**. Earnings per share fell 293.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 4.0%/yr**. Free cash flow has compounded at 4.0% a year over three years.

## Financial health
- **Debt to equity: 0.37**. Debt is 0.37 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 2.3×**. It would take 2.3 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 5.6×**. Operating profit covers interest 5.6× over, a safe margin.
- **Current ratio: 1.14** (quick 0.95). Current assets cover the next year's liabilities 1.14 times.
- **Altman Z-score: 2.93**. A Z-score of 2.93 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.42%** (C$0.48 per share, trailing). Spin Master Corp. yields 2.42%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Shareholder yield: 4.5%**. Dividends plus net buybacks return 4.5% of the market value a year.

## Price and momentum
- **Total return (1 yr): -10.2%** (YTD 5.3%, 3-mo 5.3%). The shares are down 10.2% over twelve months including dividends.
- **From 52-week high: -17.9%** (15.6% above the low). Trading 18% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): 0.76** (volatility 34%). Beta of 0.76 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TOY.TO · Page: https://foliofundamentals.com/stocks/toy.to

Not investment advice.