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CIBT Education Group

TSX:MBA
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MBA
TSX
CA$34M
Market Cap
  1. Home
  2. CA
  3. Consumer Services
Company description

CIBT Education Group Inc., through its subsidiaries, operates as an education and student housing investment company. The last earnings update was 79 days ago. More info.


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MBA Share Price and Events
7 Day Returns
4.5%
TSX:MBA
-2.8%
CA Consumer Services
3.7%
CA Market
1 Year Returns
-29.2%
TSX:MBA
-7.1%
CA Consumer Services
-23.7%
CA Market
MBA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CIBT Education Group (MBA) 4.5% -20.7% -32.4% -29.2% -34.3% 91.7%
CA Consumer Services -2.8% -7.6% -9.6% -7.1% 35.1% 78.8%
CA Market 3.7% -19.7% -24.3% -23.7% -21.4% -15.5%
1 Year Return vs Industry and Market
  • MBA underperformed the Consumer Services industry which returned -7.1% over the past year.
  • MBA underperformed the Market in Canada which returned -23.7% over the past year.
Price Volatility
MBA
Industry
5yr Volatility vs Market

MBA Value

 Is CIBT Education Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for CIBT Education Group. This is due to cash flow or dividend data being unavailable. The share price is CA$0.46.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CIBT Education Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CIBT Education Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:MBA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-30) in CAD CA$0.02
TSX:MBA Share Price ** TSX (2020-03-31) in CAD CA$0.46
North America Consumer Services Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Services Companies 25.1x
Canada Market PE Ratio Median Figure of 499 Publicly-Listed Companies 10.37x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CIBT Education Group.

TSX:MBA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:MBA Share Price ÷ EPS (both in CAD)

= 0.46 ÷ 0.02

25.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CIBT Education Group is good value based on earnings compared to the North America Consumer Services industry average.
  • CIBT Education Group is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does CIBT Education Group's expected growth come at a high price?
Raw Data
TSX:MBA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
65.6%per year
North America Consumer Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Consumer Services Companies 1.1x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

TSX:MBA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.01x ÷ 65.6%

0.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CIBT Education Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CIBT Education Group's assets?
Raw Data
TSX:MBA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-30) in CAD CA$0.68
TSX:MBA Share Price * TSX (2020-03-31) in CAD CA$0.46
Canada Consumer Services Industry PB Ratio Median Figure of 8 Publicly-Listed Consumer Services Companies 0.81x
Canada Market PB Ratio Median Figure of 2,354 Publicly-Listed Companies 0.99x
TSX:MBA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:MBA Share Price ÷ Book Value per Share (both in CAD)

= 0.46 ÷ 0.68

0.67x

* Primary Listing of CIBT Education Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CIBT Education Group is good value based on assets compared to the CA Consumer Services industry average.
X
Value checks
We assess CIBT Education Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check)
  5. CIBT Education Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MBA Future Performance

 How is CIBT Education Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
65.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CIBT Education Group expected to grow at an attractive rate?
  • CIBT Education Group's earnings growth is expected to exceed the low risk savings rate of 1.4%.
Growth vs Market Checks
  • CIBT Education Group's earnings growth is expected to exceed the Canada market average.
  • CIBT Education Group's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:MBA Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:MBA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 65.6%
TSX:MBA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 6.7%
North America Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 41.5%
North America Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 18.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:MBA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:MBA Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-08-31 80 7 7 1
2020-08-31 75 4 6 1
2020-04-01
TSX:MBA Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-11-30 71 -8 1
2019-08-31 71 -10 3
2019-05-31 69 0 10
2019-02-28 76 10 18
2018-11-30 78 21 20
2018-08-31 75 20 20
2018-05-31 71 22 11
2018-02-28 61 13 0
2017-11-30 54 5 -2
2017-08-31 54 11 2
2017-05-31 46 7 2
2017-02-28 41 9 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CIBT Education Group's earnings are expected to grow significantly at over 20% yearly.
  • CIBT Education Group's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:MBA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from CIBT Education Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:MBA Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-08-31 0.10 0.10 0.10 1.00
2020-08-31 0.08 0.08 0.08 1.00
2020-04-01
TSX:MBA Past Financials Data
Date (Data in CAD Millions) EPS *
2019-11-30 0.02
2019-08-31 0.03
2019-05-31 0.13
2019-02-28 0.23
2018-11-30 0.26
2018-08-31 0.25
2018-05-31 0.14
2018-02-28 0.00
2017-11-30 -0.03
2017-08-31 0.03
2017-05-31 0.03
2017-02-28 0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CIBT Education Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CIBT Education Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CIBT Education Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MBA Past Performance

  How has CIBT Education Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CIBT Education Group's growth in the last year to its industry (Consumer Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CIBT Education Group has delivered over 20% year on year earnings growth in the past 5 years.
  • CIBT Education Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CIBT Education Group's 1-year earnings growth is negative, it can't be compared to the North America Consumer Services industry average.
Earnings and Revenue History
CIBT Education Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CIBT Education Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:MBA Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-30 71.04 1.40 34.40
2019-08-31 71.00 2.61 36.19
2019-05-31 68.96 10.25 33.73
2019-02-28 75.66 17.72 34.00
2018-11-30 77.76 20.34 33.72
2018-08-31 74.90 19.94 32.75
2018-05-31 71.42 11.13 30.80
2018-02-28 60.95 0.36 29.34
2017-11-30 53.78 -2.04 27.31
2017-08-31 53.56 2.39 24.89
2017-05-31 45.66 2.00 22.25
2017-02-28 41.45 7.84 20.45
2016-11-30 40.73 8.60 19.98
2016-08-31 36.11 3.91 19.86
2016-05-31 36.06 5.95 20.11
2016-02-29 35.89 2.09 19.91
2015-11-30 34.42 2.26 19.72
2015-08-31 32.18 1.04 19.44
2015-05-31 28.92 -1.10 19.18
2015-02-28 31.10 0.47 19.30
2014-11-30 30.05 -1.47 19.21
2014-08-31 30.92 -1.87 19.93
2014-05-31 34.50 -1.38 21.50
2014-02-28 31.56 -2.69 21.06
2013-11-30 31.28 -2.63 20.60
2013-08-31 30.75 -2.15 20.04
2013-05-31 17.55 -2.62 13.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CIBT Education Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CIBT Education Group used its assets less efficiently than the North America Consumer Services industry average last year based on Return on Assets.
  • CIBT Education Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CIBT Education Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CIBT Education Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MBA Health

 How is CIBT Education Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CIBT Education Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CIBT Education Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CIBT Education Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CIBT Education Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CIBT Education Group Company Filings, last reported 4 months ago.

TSX:MBA Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-30 193.76 149.76 17.22
2019-08-31 194.15 144.38 15.21
2019-05-31 176.21 117.05 23.25
2019-02-28 173.20 109.11 20.75
2018-11-30 166.88 109.86 19.30
2018-08-31 171.65 116.85 33.25
2018-05-31 140.94 110.48 10.57
2018-02-28 100.66 71.24 14.08
2017-11-30 83.61 71.04 10.10
2017-08-31 76.97 59.76 6.88
2017-05-31 77.84 57.94 6.81
2017-02-28 75.90 54.49 6.96
2016-11-30 66.82 53.43 7.07
2016-08-31 54.94 29.67 4.34
2016-05-31 50.72 25.84 2.31
2016-02-29 36.96 25.75 2.24
2015-11-30 36.54 26.11 0.69
2015-08-31 36.12 24.46 2.29
2015-05-31 30.10 23.50 2.42
2015-02-28 30.85 23.47 1.80
2014-11-30 22.76 0.70 3.51
2014-08-31 23.55 0.45 4.82
2014-05-31 22.12 0.71 6.72
2014-02-28 20.35 0.86 6.11
2013-11-30 21.24 1.01 7.69
2013-08-31 14.71 2.93 3.56
2013-05-31 15.49 1.43 2.64
  • CIBT Education Group's level of debt (77.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.2% vs 77.3% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess CIBT Education Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CIBT Education Group has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MBA Dividends

 What is CIBT Education Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from CIBT Education Group dividends.
If you bought CA$2,000 of CIBT Education Group shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate CIBT Education Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CIBT Education Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:MBA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
North America Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.4%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:MBA Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-08-31
2020-08-31
2020-04-01

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as CIBT Education Group has not reported any payouts.
  • Unable to verify if CIBT Education Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CIBT Education Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CIBT Education Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess CIBT Education Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CIBT Education Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CIBT Education Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MBA Management

 What is the CEO of CIBT Education Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Toby Chu
COMPENSATION CA$812,722
AGE 58
TENURE AS CEO 25.9 years
CEO Bio

Mr. Yam-Chung Chu, also known as Toby, has been the Chief Executive Officer and President of CIBT Education Group Inc. since May 11, 1994. Mr. Chu Founded CIBT School of Business & Technology Corp., a subsidiary of CAG. in 1994 and has been its Chief Executive Officer and President since May 11, 1994. Mr. Chu served as the Chief Executive Officer and President of Asia Interactive Media Inc. from January 26, 2007 to July 23, 2007. He served as the President and Chief Executive Officer of CIBT Education Group Inc. since 1986. He served as an Executive Officer at NextMart Inc. He served as the Chief Executive Officer and President of SE Global Equities Corp. since 1999. He served as an Executive Officer of Sun New Media, Inc. Mr. Chu has 25 years of extensive experience in business management and administration particularly in the areas of Initial Public Offering, Reverse Take Over, Merger & Acquisitions, Corporate Finance and Venture Capital and an extensive network of close business relationships in South East Asia, the Middle East, Europe and North America. Prior to CIBT Education Group, he served as an Operations Manager of a major food distribution company. He founded, merged or acquired over twenty companies in a wide range of industry sectors includes information technology, Internet personnel services, academic and career education, marketing media, securities and investments. These companies have a business presence in Canada, United States, Thailand, Hong Kong, China and the Middle East. He served as Chairman of SE Global Equities Corp. He has been the Chairman of the CIBT Education Group Inc., since July 29, 2016. He served as Vice Chairman of CIBT Education Group Inc. He has been a Director of CIBT Canadian Institute of Business & Technology Corp., since 1986. He serves as a Director of CIBT School of Business & Technology Corp. He served as Director of Evermount Ventures Inc from April 16, 2012 to January 7, 2016. He has been a Director of CIBT Education Group Inc. since May 11, 1994. He serves on the Board of Directors for 9 other privately and publicly held companies in Canada, United States, Hong Kong, China and Switzerland. He served as Director of SE Global Equities Corp. since 1999. He served as a Director of Capital Alliance Group Inc., since May 11, 1994 and previously since 1986. Mr. Chu served as a Director of Asia Interactive Media Inc. from January 26, 2007 to August 31, 2008. He was nominated for the Ernst & Young Chartered Accountants and Montreal Trust sponsored Entrepreneur of the Year Award and made the short-list as one of the top 30 finalists among 300 nominees across Canada. In 1993, he was awarded the honor of "Top 40 Business People Under the Age of 40' by the Business in Vancouver newspaper. He guided one of Capital Alliance Group's former subsidiaries, ANO Office Automation, to become the "33rd Fastest Growing Company out of 100 Companies in Canada" (PROFIT magazine - 1993), and guided Capital Alliance Group to become one of the "Top 100 Public Companies in Vancouver" ranked by Business in Vancouver Newspaper in 1994. In 1997, he was selected by the Asia Pacific Foundation of Canada to participate in the published case study, 'Succeeding Profiles of Chinese Canadian Entrepreneurs'. Mr. Chu holds a Diploma in Business Administration from Vancouver Community College in Vancouver, Canada.

CEO Compensation
  • Toby's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Toby's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the CIBT Education Group management team in years:

9.8
Average Tenure
58
Average Age
  • The average tenure for the CIBT Education Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Toby Chu

TITLE
Chairman
COMPENSATION
CA$813K
AGE
58
TENURE
25.9 yrs

Dan Huang

TITLE
CFO, Executive VP & Corporate Secretary
COMPENSATION
CA$240K
AGE
57
TENURE
9.8 yrs

Victor Tesan

TITLE
President of Sprott Shaw College
COMPENSATION
CA$492K
TENURE
3.3 yrs

Tim Leong

TITLE
Vice President of Finance & Accounting
COMPENSATION
CA$96K
AGE
56
TENURE
9.8 yrs

Maggie Harvie

TITLE
Executive Vice President of Sprott Shaw College

Alvin Chu

TITLE
CEO & President of IRIX
COMPENSATION
CA$121K
TENURE
25.5 yrs

Steve Sohn

TITLE
President of Sprott Shaw Language College
COMPENSATION
CA$102K
AGE
58
TENURE
3.3 yrs

Patrick Dang

TITLE
President of Sprott Shaw College International
COMPENSATION
CA$151K
AGE
59
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the CIBT Education Group board of directors in years:

10
Average Tenure
59
Average Age
  • The average tenure for the CIBT Education Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Troy Rice

TITLE
Independent Director
COMPENSATION
CA$44K
AGE
55
TENURE
14.5 yrs

Toby Chu

TITLE
Chairman
COMPENSATION
CA$813K
AGE
58
TENURE
3.8 yrs

Shane Weir

TITLE
Independent Director
COMPENSATION
CA$42K
AGE
64
TENURE
11.3 yrs

May Hsu

TITLE
Independent Director & Member of Advisory Board
COMPENSATION
CA$39K

Prithep Sosothikul

TITLE
Member of Advisory Board
AGE
60
TENURE
11.3 yrs

Tony David

TITLE
Independent Director
COMPENSATION
CA$39K
AGE
78
TENURE
21.8 yrs

Derek Yiyi Feng

TITLE
Independent Director
COMPENSATION
CA$39K
AGE
53
TENURE
8.8 yrs

Guo Yiqing

TITLE
Member of Advisory Board
TENURE
4.7 yrs

Morris Chen

TITLE
Independent Director
COMPENSATION
CA$13K
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by CIBT Education Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
26. Mar 20 Buy Toby Chu Individual 23. Mar 20 26. Mar 20 15,000 CA$0.41 CA$6,112
24. Mar 20 Buy Concordia Financial Management Corp. Company 19. Mar 20 24. Mar 20 27,000 CA$0.44 CA$11,646
18. Mar 20 Buy Toby Chu Individual 17. Mar 20 17. Mar 20 15,000 CA$0.49 CA$7,150
13. Mar 20 Buy Toby Chu Individual 12. Mar 20 12. Mar 20 40,000 CA$0.44 CA$17,500
16. Mar 20 Buy Toby Chu Individual 12. Mar 20 16. Mar 20 42,000 CA$0.47 CA$18,751
12. Mar 20 Buy Toby Chu Individual 11. Mar 20 12. Mar 20 29,000 CA$0.52 CA$14,144
09. Mar 20 Buy Toby Chu Individual 09. Mar 20 09. Mar 20 10,000 CA$0.53 CA$5,150
05. Mar 20 Buy Toby Chu Individual 04. Mar 20 04. Mar 20 20,000 CA$0.58 CA$11,000
04. Mar 20 Buy Concordia Financial Management Corp. Company 02. Mar 20 02. Mar 20 16,000 CA$0.58 CA$9,350
02. Mar 20 Buy Toby Chu Individual 28. Feb 20 28. Feb 20 4,000 CA$0.60 CA$2,400
28. Feb 20 Buy Shane Weir Individual 27. Feb 20 27. Feb 20 25,000 CA$0.60 CA$15,000
28. Feb 20 Buy Toby Chu Individual 27. Feb 20 27. Feb 20 25,000 CA$0.63 CA$15,650
27. Feb 20 Buy Shane Weir Individual 26. Feb 20 26. Feb 20 20,000 CA$0.62 CA$12,400
26. Feb 20 Buy Shane Weir Individual 25. Feb 20 25. Feb 20 4,000 CA$0.63 CA$2,520
25. Feb 20 Buy Shane Weir Individual 24. Feb 20 24. Feb 20 23,000 CA$0.63 CA$14,490
25. Feb 20 Buy Toby Chu Individual 20. Feb 20 20. Feb 20 2,000 CA$0.64 CA$1,280
21. Feb 20 Buy Shane Weir Individual 20. Feb 20 20. Feb 20 3,000 CA$0.63 CA$1,890
14. Feb 20 Buy Toby Chu Individual 13. Feb 20 14. Feb 20 38,000 CA$0.67 CA$25,210
04. Feb 20 Buy Toby Chu Individual 31. Jan 20 31. Jan 20 11,000 CA$0.71 CA$7,810
30. Jan 20 Buy Toby Chu Individual 28. Jan 20 28. Jan 20 4,500 CA$0.70 CA$3,150
02. Jan 20 Buy Toby Chu Individual 30. Dec 19 30. Dec 19 3,000 CA$0.68 CA$2,040
20. Dec 19 Sell Shane Weir Individual 10. Dec 19 10. Dec 19 -38,000 CA$0.68 CA$-25,840
06. Dec 19 Sell Shane Weir Individual 05. Dec 19 05. Dec 19 -500 CA$0.68 CA$-340
06. Dec 19 Buy Toby Chu Individual 06. Dec 19 06. Dec 19 5,000 CA$0.68 CA$3,400
04. Dec 19 Buy Toby Chu Individual 25. Nov 19 25. Nov 19 5,000 CA$0.62 CA$3,100
26. Nov 19 Buy Shane Weir Individual 22. Nov 19 25. Nov 19 4,500 CA$0.62 CA$2,773
26. Nov 19 Buy Toby Chu Individual 22. Nov 19 22. Nov 19 5,000 CA$0.63 CA$3,150
22. Nov 19 Buy Shane Weir Individual 20. Nov 19 21. Nov 19 8,500 CA$0.62 CA$5,262
22. Nov 19 Buy Toby Chu Individual 20. Nov 19 20. Nov 19 500 CA$0.62 CA$310
19. Nov 19 Buy Toby Chu Individual 14. Nov 19 14. Nov 19 4,500 CA$0.62 CA$2,790
01. Nov 19 Sell Shane Weir Individual 30. Oct 19 30. Oct 19 -4,500 CA$0.68 CA$-3,060
14. Nov 19 Buy Shane Weir Individual 13. Nov 19 13. Nov 19 2,000 CA$0.63 CA$1,260
12. Nov 19 Buy Toby Chu Individual 04. Nov 19 04. Nov 19 10,000 CA$0.63 CA$6,250
08. Nov 19 Buy Shane Weir Individual 07. Nov 19 07. Nov 19 8,000 CA$0.63 CA$5,040
04. Oct 19 Sell Shane Weir Individual 02. Oct 19 02. Oct 19 -30,000 CA$0.69 CA$-20,700
27. Sep 19 Buy Toby Chu Individual 25. Sep 19 25. Sep 19 7,000 CA$0.67 CA$4,700
24. Sep 19 Buy Toby Chu Individual 20. Sep 19 20. Sep 19 10,000 CA$0.65 CA$6,450
20. Sep 19 Buy Toby Chu Individual 19. Sep 19 19. Sep 19 10,000 CA$0.65 CA$6,500
10. Sep 19 Buy Toby Chu Individual 05. Sep 19 05. Sep 19 5,000 CA$0.64 CA$3,200
29. Aug 19 Buy Toby Chu Individual 27. Aug 19 27. Aug 19 36,500 CA$0.61 CA$22,291
27. Aug 19 Buy Shane Weir Individual 26. Aug 19 26. Aug 19 10,000 CA$0.61 CA$6,100
27. Aug 19 Buy Toby Chu Individual 26. Aug 19 26. Aug 19 30,000 CA$0.60 CA$18,099
09. Aug 19 Buy Toby Chu Individual 06. Aug 19 06. Aug 19 5,000 CA$0.62 CA$3,100
06. Aug 19 Buy Toby Chu Individual 01. Aug 19 06. Aug 19 15,000 CA$0.65 CA$9,658
19. Jul 19 Buy Toby Chu Individual 18. Jul 19 18. Jul 19 15,500 CA$0.63 CA$9,765
17. Jul 19 Buy Toby Chu Individual 16. Jul 19 16. Jul 19 10,000 CA$0.68 CA$6,800
09. Jul 19 Buy Concordia Financial Management Corp. Company 08. Jul 19 08. Jul 19 6,000 CA$0.72 CA$4,320
26. Jun 19 Buy Toby Chu Individual 24. Jun 19 25. Jun 19 24,500 CA$0.66 CA$14,324
24. Jun 19 Buy Toby Chu Individual 24. Jun 19 24. Jun 19 20,000 CA$0.55 CA$10,880
17. Jun 19 Buy Toby Chu Individual 13. Jun 19 14. Jun 19 50,000 CA$0.51 CA$25,222
13. Jun 19 Buy Toby Chu Individual 11. Jun 19 11. Jun 19 20,000 CA$0.51 CA$10,200
11. Jun 19 Buy Toby Chu Individual 06. Jun 19 07. Jun 19 50,000 CA$0.52 CA$25,954
07. Jun 19 Buy Toby Chu Individual 04. Jun 19 04. Jun 19 5,000 CA$0.56 CA$2,800
04. Jun 19 Buy Shane Weir Individual 22. May 19 03. Jun 19 9,000 CA$0.62 CA$5,434
04. Jun 19 Buy Toby Chu Individual 31. May 19 04. Jun 19 45,000 CA$0.57 CA$25,181
31. May 19 Buy Toby Chu Individual 30. May 19 31. May 19 23,000 CA$0.59 CA$13,479
28. May 19 Buy Toby Chu Individual 24. May 19 24. May 19 100,000 CA$0.62 CA$62,000
24. May 19 Buy Toby Chu Individual 22. May 19 23. May 19 55,500 CA$0.62 CA$34,423
21. May 19 Buy Shane Weir Individual 17. May 19 17. May 19 4,500 CA$0.62 CA$2,790
21. May 19 Buy Toby Chu Individual 21. May 19 21. May 19 4,500 CA$0.62 CA$2,790
15. May 19 Buy Toby Chu Individual 13. May 19 14. May 19 70,000 CA$0.67 CA$46,098
10. May 19 Buy Toby Chu Individual 08. May 19 09. May 19 40,000 CA$0.70 CA$27,851
07. May 19 Buy Toby Chu Individual 06. May 19 07. May 19 45,000 CA$0.71 CA$31,667
03. May 19 Buy Toby Chu Individual 02. May 19 02. May 19 20,000 CA$0.69 CA$13,800
30. Apr 19 Buy Toby Chu Individual 26. Apr 19 26. Apr 19 8,000 CA$0.69 CA$5,320
26. Apr 19 Buy Toby Chu Individual 22. Apr 19 24. Apr 19 55,000 CA$0.64 CA$34,356
22. Apr 19 Buy Toby Chu Individual 18. Apr 19 18. Apr 19 16,000 CA$0.62 CA$9,920
16. Apr 19 Buy Toby Chu Individual 12. Apr 19 12. Apr 19 15,000 CA$0.63 CA$9,450
09. Apr 19 Buy Toby Chu Individual 04. Apr 19 08. Apr 19 9,500 CA$0.64 CA$6,074
X
Management checks
We assess CIBT Education Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CIBT Education Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MBA News

Simply Wall St News

CIBT Education Group Inc. (TSE:MBA) Delivered A Better ROE Than Its Industry

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for CIBT Education Group: 20% = CA$10m ÷ CA$176m (Based on the trailing twelve months to May 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does CIBT Education Group Have A Good Return On Equity? … CIBT Education Group's Debt And Its 20% ROE While CIBT Education Group does have some debt, with debt to equity of just 0.66, we wouldn't say debt is excessive.

Simply Wall St -

Does CIBT Education Group Inc.'s (TSE:MBA) CEO Pay Reflect Performance?

Check out our latest analysis for CIBT Education Group How Does Toby Chu's Compensation Compare With Similar Sized Companies? … We looked at a group of companies with market capitalizations under CA$266m, and the median CEO total compensation was CA$138k. … With a total shareholder return of 25% over three years, CIBT Education Group Inc.

Simply Wall St -

CIBT Education Group Inc. (TSE:MBA) Insiders Increased Their Holdings

So we'll take a look at whether insiders have been buying or selling shares in CIBT Education Group Inc. … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for CIBT Education Group The Last 12 Months Of Insider Transactions At CIBT Education Group In the last twelve months, the biggest single sale by an insider was when the Director, Morris Chen, sold CA$107k worth of shares at a price of CA$0.77 per share. … In the last twelve months there was more buying than selling by CIBT Education Group insiders.

Simply Wall St -

CIBT Education Group Inc.'s (TSE:MBA) Earnings Dropped -7.9%, Did Its Industry Show Weakness Too?

Examining CIBT Education Group Inc.'s (TSE:MBA) past track record of performance is a useful exercise for investors. … See our latest analysis for CIBT Education Group Was MBA's weak performance lately a part of a long-term decline? … Furthermore, its return on assets (ROA) of 4.1% is below the CA Consumer Services industry of 5.1%, indicating CIBT Education Group's are utilized less efficiently.

Simply Wall St -

A Look At The Intrinsic Value Of CIBT Education Group Inc. (TSE:MBA)

I will use the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model? … Check out our latest analysis for CIBT Education Group.

Simply Wall St -

What Type Of Shareholder Owns CIBT Education Group Inc.'s (TSE:MBA)?

A look at the shareholders of CIBT Education Group Inc. … With a market capitalization of CA$50m, CIBT Education Group is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for CIBT Education Group

Simply Wall St -

Are CIBT Education Group Inc.’s (TSE:MBA) Returns Worth Your While?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Is CIBT Education Group Inc.'s (TSE:MBA) Balance Sheet A Threat To Its Future?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Should You Worry About CIBT Education Group Inc.'s (TSE:MBA) CEO Pay?

Toby Chu has been the CEO of CIBT Education Group Inc. … View our latest analysis for CIBT Education Group … How Does Toby Chu's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Need To Know: CIBT Education Group Inc. (TSE:MBA) Insiders Have Been Buying Shares

So shareholders might well want to know whether insiders have been buying or selling shares in CIBT Education Group Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … CIBT Education Group Insider Transactions Over The Last Year.

Simply Wall St -

MBA Company Info

Description

CIBT Education Group Inc., through its subsidiaries, operates as an education and student housing investment company. The company engages in education, media communications, and real estate development businesses. It offers accredited programs, which include general English, college pathway, business English, medical English, English teacher training, summer camp, automotive technical training, English teacher preparation, accounting, and IELTS test preparation programs, as well as junior and high school preparation programs for overseas study, and other career/vocational training. The company also provides private career and technical training diplomas and certificates in health care, tourism, hospitality, business, administrative, technical trades, and international studies. In addition, it recruits international students and on-ground concierge services for various kindergarten, primary and secondary schools, universities, and colleges in North America; and offers Web design and advertising services to the real estate industry. Further, it invests in and manages education related real estate projects, such as student hotels, serviced apartments, and education super centers in Canada. The company was formerly known as Capital Alliance Group Inc. and changed its name to CIBT Education Group Inc. in November 2007. CIBT Education Group Inc. was founded in 1986 and is headquartered in Vancouver, Canada.

Details
Name: CIBT Education Group Inc.
MBA
Exchange: TSX
Founded: 1986
CA$34,290,028
74,543,540
Website: http://www.cibt.net
Address: CIBT Education Group Inc.
777 West Broadway,
Suite 1200,
Vancouver,
British Columbia, V5Z 4J7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX MBA Common Shares The Toronto Stock Exchange CA CAD 25. Oct 1988
OTCPK MBAI.F Common Shares Pink Sheets LLC US USD 25. Oct 1988
Number of employees
Current staff
Staff numbers
468
CIBT Education Group employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 03:29
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/05
Last earnings filing: 2020/01/13
Last earnings reported: 2019/11/30
Last annual earnings reported: 2019/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.