Thunderbird Entertainment Group Inc. (CVE:TBRD), might not be a large cap stock, but it received a lot of attention from a substantial price movement on the TSXV over the last few months, increasing to CA$2.30 at one point, and dropping to the lows of CA$1.70. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Thunderbird Entertainment Group's current trading price of CA$1.75 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Thunderbird Entertainment Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

Check out our latest analysis for Thunderbird Entertainment Group

Is Thunderbird Entertainment Group Still Cheap?

According to our valuation model, Thunderbird Entertainment Group seems to be fairly priced at around 11% below our intrinsic value, which means if you buy Thunderbird Entertainment Group today, you’d be paying a fair price for it. And if you believe the company’s true value is CA$1.96, then there’s not much of an upside to gain from mispricing. Is there another opportunity to buy low in the future? Since Thunderbird Entertainment Group’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.

Can we expect growth from Thunderbird Entertainment Group?

Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. Thunderbird Entertainment Group's revenue growth are expected to be in the teens in the upcoming year, indicating a solid future ahead. Unless expenses grow at the same level, or higher, this top-line growth should lead to robust cash flows, feeding into a higher share value.

What This Means For You

Are you a shareholder? It seems like the market has already priced in TBRD’s positive outlook, with shares trading around its fair value. However, there are also other important factors which we haven’t considered today, such as the track record of its management team. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value?

Are you a potential investor? If you’ve been keeping an eye on TBRD, now may not be the most optimal time to buy, given it is trading around its fair value. However, the optimistic prospect is encouraging for the company, which means it’s worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.

If you'd like to know more about Thunderbird Entertainment Group as a business, it's important to be aware of any risks it's facing. Case in point: We've spotted 1 warning sign for Thunderbird Entertainment Group you should be aware of.

If you are no longer interested in Thunderbird Entertainment Group, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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