Added to YB: 2025-10-28
Pitch date: 2025-10-25
TBRD.V [neutral]
Thunderbird Entertainment Group Inc.
+33.9%
current return
Author Info
P14 Capital is a former buy-side research analyst who uncovers undervalued opportunities in SMID-cap equities. Long-biased and generalist. Sign up for the newsletter.
Company Info
Thunderbird Entertainment Group Inc. develops, produces, and distributes film and television programs in Canada and internationally.
Market Cap
CAD 59.0M
Pitch Price
CAD 1.18
Price Target
1.90 (+20%)
Dividend
N/A
EV/EBITDA
1.35
P/E
9.84
EV/Sales
0.25
Sector
Entertainment
Category
value
LONG $TBRD - 4Q25 Earnings Update
TBRD.V (earnings update): Q4 rev $47M (-8% YoY) vs mgmt +20% FY25 guide; EBITDA $4.2M (-40%); tariff fears & buyer consolidation delayed greenlights ~$12.7M deferred rev. Kids content growing 25%, BeddyByes #2 on iPlayer, Disney global launch 2026. Trading 2x EBITDA, TSX uplisting catalyst pending. PT $1.90 (58% upside) on 3x FY26 EBITDA despite weaker growth outlook.
Read full article (11 min)