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This Toy Stock is Dirt-Cheap Right Now

Spin Master (TSX:TOY) is a Toronto-based children’s entertainment company that is engaged in the creation, design, manufacturing, licensing, and marketing of various toys, entertainment franchises, and digital games in North America and around the world. Shares of this TSX stock have plunged 18% month-over-month as of close on November 28. That has pushed the stock down 29% year over year.

This company released its third quarter fiscal 2022 results on November 2. Spin Master delivered total revenues of $624 million – down 12% from the previous year. Meanwhile, adjusted operating income fell to $151 million compared to $175 million in the third quarter of fiscal 2021. Moreover, free cash flow jumped to $175 million in comparison to $65.8 million in the prior year.

In the first nine months of fiscal 2022, Spin Master posted revenue growth of 9.3% to $1.55 billion and constant currency revenue posted 11% growth. This company has been powered by Toy revenue growth of 12% in the year-to-date period, Digital Games revenue of 1.0%, and a drop in Entertainment revenue of 18%. Adjusted EBITDA increased to $377 million in the year-to-date period – up from $335 million in the first nine months of fiscal 2021.

Shares of this TSX stock possess a very favourable price-to-earnings ratio of 8.9. This stock has spent most of November in technically oversold territory. Moreover, it offers a quarterly dividend of $0.06 per share. That represents a modest 0.7% yield.