WildBrain Ltd. WILD

Communication ServicesMedia & PublishingCanada

Last close 1.35 CAD on Nov 2, 2026, −23.7% year to date

Quant rating

Quant rating C Rank 8 of 12 in Communication Services

Growth C 6 of 12
Valuation B 2 of 12
Quality C 7 of 12
Revisions C 6 of 12
Momentum D 9 of 12

Wall Street consensus Hold (3.00)Average target 1.86 CAD +38.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 287M
Enterprise value: 257M
52-week range: 1.06 – 2.23
3-year range: 0.94 – 2.23
Dividend yield: –
Beta (5 years): 0.31
Shares outstanding: 212M
Next earnings: Nov 12, 2026

About the company

WildBrain Ltd. is a kids' and family entertainment company. The Company segments include Content Creation and Audience Engagement and Global Licensing. Content Creation and Audience Engagement involves producing proprietary content for streaming platforms, offering animation and live-action services to third parties, and licensing content from a library to digital platforms. Global Licensing manages brands like Peanuts, Strawberry Shortcake, and Teletubbies across merchandising, publishing, music, live events, games, and apps. It includes strategic brand partnerships with SEGA and Mattel for consumer products. Additionally, the Company operates WildBrain CPLG, an agency that licenses owned and third-party brands to lifestyle companies, film studios, and independent IP owners, earning commissions as agents. Its other activities include creating short-form content, managing advertising campaigns, and executing direct ad sales on advertising-based video-on-demand (AVOD) platforms.

Growth and profitability

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	246	274	462	533	507	–
Revenue growth	−10.3%	−40.7%	−13.3%	5.1%	12.1%	−11.5%
EPS (basic, normalized)	−2.08	−0.42	−0.51	−0.26	0.03	–
EPS growth	–	–	–	–	–	–
Gross margin	39.0%	28.8%	42.9%	44.1%	43.4%	39.7%
Net margin	−30.5%	−44.4%	−22.9%	−8.5%	1.1%	−21.0%
ROE	−84.5%	–	−324.6%	−58.6%	7.6%	−115.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	89.2
Current ratio	1.84x
Long-term debt (mil)	2.9
Net debt (mil)	−29.7
Total equity (mil)	266
Net debt / equity	−0.11x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	246	−10.3%	1.0x	–	–	–	−2.08	−395.2%	−0.6x
2027	279	+13.7%	0.9x	28.7	–	8.9x	0.02	+100.8%	81.0x
2028	310	+10.9%	0.8x	37.7	+31.3%	6.8x	0.07	+349.9%	18.0x
2029	333	+7.4%	0.8x	46.8	+24.3%	5.5x	0.09	+13.3%	15.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	279	0.0%	−2.7%	−5.0%	0.02	+349.9%	−63.0%	−75.0%
2028	310	−0.6%	+7.5%	+0.2%	0.07	−10.0%	−37.5%	−25.0%
2029	333	0.0%	–	–	0.09	0.0%	–	–

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	100	130	111	133	140	165	126	72.4	61.2	129
Sales mean (mil)	129	137	113	129	113	147	126	128	77.0	70.0
Surprise	−22.5%	−5.1%	−2.1%	+3.1%	+23.7%	+12.9%	−0.6%	−43.5%	−20.5%	+84.2%
EPS reported	−0.07	−0.39	−0.05	−0.35	−0.06	0.04	−0.15	−0.09	−0.09	−0.02
EPS mean	0.02	0.02	−0.03	−0.01	0.00	0.01	−0.02	0.01	−0.06	−0.04
Surprise	−411.1%	−1,771.7%	−87.5%	−2,700.0%	−2,300.0%	+433.3%	−650.0%	−700.0%	−50.0%	+42.9%

Peer comparison Media & Publishing

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
WILD WildBrain Ltd.	287M	–	−30.5%	1.08x	81.0x	18.0x	8.9x	6.8x
IMAX IMAX Corporation	3.8B	1.17x	8.5%	7.67x	22.4x	22.3x	12.5x	12.2x
RAY Stingray Group Inc.	890M	3.56x	−6.2%	5.43x	8.2x	7.2x	6.4x	5.9x
ANGX Angel Studios, Inc.	904M	−0.19x	−53.0%	−22.14x	−9.3x	−15.3x	−27.5x	538.2x
RSVR Reservoir Media Inc	893M	6.10x	4.7%	1.69x	77.4x	64.5x	14.0x	12.9x
BAMI Blue Ant Media Corporation	165M	–	6.6%	2.03x	−90.9x	7.7x	3.5x	2.6x
Mean		2.66x	−11.7%	−0.71x	14.8x	17.4x	3.0x	96.5x
Median		2.37x	−0.8%	1.86x	15.3x	12.8x	7.7x	9.5x

Technical analysis

1M+6.3%
3M0.0%
1Y−10.0%
3Y0.0%

Financial statements in millions of CAD

Income statement in millions of CAD, fiscal years

Income statement, WildBrain Ltd., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	246	274	462	533	507	453
Cost of revenue	150	195	264	298	287	265
Gross profit	95.9	78.9	198	235	220	187
Selling, general & administrative expenses	94.8	88.4	106	119	112	92.0
Research & development	8.8	6.2	10.9	8.0	7.0	5.2
Depreciation/amortization	14.5	23.0	33.7	34.3	34.2	34.0
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	24.0	33.7	72.6	44.3	−1.1	−7.0
Other operating expenses	0	0	0	0	0	0
Operating income	−46.2	−72.3	−25.1	29.1	68.7	63.2
Net interest income (expense)	−51.6	−69.3	−70.1	−39.3	−38.5	−43.4
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	−97.8	−142	−95.2	−10.2	30.2	19.8
Provision for taxes	−22.4	−17.2	−14.9	7.4	−1.6	−3.3
Minority interest	0.4	2.9	−25.6	−28.0	−26.1	−30.2
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−74.9	−122	−106	−45.6	5.6	−7.1
Extraordinary items	445	31.8	–	–	–	–
Net income	370	−89.8	−106	−45.6	5.6	−7.1
EBIT, normalized	−22.3	−38.7	47.5	73.4	68.0	56.2
EBITDA, normalized	−7.7	−15.7	81.2	108	102	90.2
Basic EPS, normalized	−2.08	−0.42	−0.51	−0.26	0.03	–

Balance sheet in millions of CAD, fiscal years

Balance sheet, WildBrain Ltd., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	89.2	68.9	49.7	80.3	59.9	78.4
Receivables	211	248	278	294	250	195
Total inventory	49.0	98.0	160	176	164	148
Prepaid expenses	10.7	12.6	10.6	7.6	8.6	6.2
Other current assets	0	0	0	9.4	8.8	13.6
Total current assets	360	427	498	567	491	441
Property, plant & equipment	12.7	20.9	26.3	34.2	39.3	47.2
Goodwill	6.3	28.5	28.5	21.4	54.0	53.2
Intangibles	26.2	428	466	533	542	534
Long-term investments	–	–	–	–	–	–
Note receivable	8.5	9.4	23.2	57.7	84.8	52.0
Other long-term assets	49.7	22.9	10.9	0.3	8.8	0
Total assets	464	937	1,053	1,214	1,219	1,128
Liabilities
Accounts payable	32.4	31.8	35.6	–	–	–
Payable/accrued	–	–	–	171	162	130
Accrued expenses	79.2	114	97.7	–	–	–
Short-term debt	51.7	67.4	72.9	93.9	93.3	65.4
Current portion of long-term debt	7.0	79.7	151	12.9	36.5	13.0
Other current liabilities	25.7	49.7	60.4	75.5	77.2	42.0
Total current liabilities	196	343	418	354	369	251
Long-term debt	2.9	427	384	513	504	513
Minority interest	−2.1	254	257	249	236	234
Other liabilities	0.9	2.6	5.3	21.7	31.0	61.1
Total liabilities	198	1,026	1,064	1,138	1,140	1,059
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	422	423	416	406	369	367
Additional paid-in capital	51.0	48.8	45.8	42.5	44.0	39.0
Retained earnings (accumulated deficit)	−182	−552	−462	−356	−311	−316
Treasury stock	–	–	–	–	–	–
Other equity	−24.4	−8.7	−10.0	−15.8	−22.5	−21.4
Total equity	266	−88.7	−10.7	76.0	79.4	68.6
Total liabilities & shareholders' equity	464	937	1,053	1,214	1,219	1,128

Cash flow statement in millions of CAD, fiscal years

Cash flow statement, WildBrain Ltd., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	413	–	−80.3	−17.5	31.8	23.1
Depreciation, depletion & amortization	16.8	–	33.7	34.3	34.2	34.0
Deferred taxes	−11.4	–	−14.5	1.8	−1.9	−6.3
Non-cash items	−334	–	155	71.3	17.4	40.0
Changes in working capital	−26.6	–	−20.2	4.4	−48.4	14.9
Cash from operations	57.9	–	73.6	94.2	33.1	106
Investing activities
Capital expenditures	−4.7	–	−2.6	−8.4	−10.8	−15.2
Other investing cash flows	594	–	−3.5	0	0	0
Cash from investing	589	–	−6.1	−8.4	−10.8	−15.2
Financing activities
Financing cash flow items	−82.1	–	−65.0	−57.2	−59.8	−74.9
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−546	–	−33.1	−16.1	13.7	−4.3
Cash from financing	−628	–	−98.1	−73.3	−46.1	−79.2
Foreign exchange effects	1.0	–	0	−0.9	0.5	−3.7
Net change in cash	20.3	–	−30.6	11.6	−23.3	7.5
Free cash flow	53.2	–	71.0	85.8	22.3	90.5

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.