IMAX CORP (IMAX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IMAX - CA45245E1097 - Common Stock
36.02 USD
-0.94 (-2.54%)
36.02 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to IMAX. IMAX was compared to 80 industry peers in the Entertainment industry. IMAX has an average financial health and profitability rating. IMAX is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year IMAX was profitable.
IMAX had a positive operating cash flow in the past year.
In multiple years IMAX reported negative net income over the last 5 years.
Of the past 5 years IMAX 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of IMAX (4.45%) is better than 80.00% of its industry peers.
IMAX has a better Return On Equity (11.31%) than 80.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.73%, IMAX belongs to the top of the industry, outperforming 82.50% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for IMAX is below the industry average of 8.70%.
The 3 year average ROIC (4.23%) for IMAX is below the current ROIC(7.73%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.45% | ||
| ROE | 11.31% | ||
| ROIC | 7.73% |
ROA(3y)1.16%
ROA(5y)-2.69%
ROE(3y)3.11%
ROE(5y)-6.85%
ROIC(3y)4.23%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of IMAX (10.47%) is better than 83.75% of its industry peers.
IMAX's Profit Margin has declined in the last couple of years.
IMAX's Operating Margin of 19.91% is amongst the best of the industry. IMAX outperforms 91.25% of its industry peers.
In the last couple of years the Operating Margin of IMAX has declined.
IMAX's Gross Margin of 58.89% is fine compared to the rest of the industry. IMAX outperforms 66.25% of its industry peers.
IMAX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.91% | ||
| PM (TTM) | 10.47% | ||
| GM | 58.89% |
OM growth 3Y86.93%
OM growth 5Y-7.23%
PM growth 3YN/A
PM growth 5Y-8.99%
GM growth 3Y0.8%
GM growth 5Y-0.05%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), IMAX is destroying value.
IMAX has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, IMAX has less shares outstanding
The debt/assets ratio for IMAX is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.72 indicates that IMAX is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of IMAX (2.72) is better than 73.75% of its industry peers.
IMAX has a debt to FCF ratio of 2.85. This is a good value and a sign of high solvency as IMAX would need 2.85 years to pay back of all of its debts.
IMAX has a better Debt to FCF ratio (2.85) than 80.00% of its industry peers.
IMAX has a Debt/Equity ratio of 0.74. This is a neutral value indicating IMAX is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.74, IMAX is doing worse than 61.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 2.85 | ||
| Altman-Z | 2.72 |
ROIC/WACC0.9
WACC8.63%
2.3 Liquidity
A Current Ratio of 2.47 indicates that IMAX has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.47, IMAX is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
IMAX has a Quick Ratio of 2.12. This indicates that IMAX is financially healthy and has no problem in meeting its short term obligations.
IMAX has a better Quick ratio (2.12) than 77.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.47 | ||
| Quick Ratio | 2.12 |
3. Growth
3.1 Past
IMAX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.94%, which is quite impressive.
The Earnings Per Share has been decreasing by -2.17% on average over the past years.
IMAX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.30%.
The Revenue has been decreasing by -2.30% on average over the past years.
EPS 1Y (TTM)32.94%
EPS 3YN/A
EPS 5Y-2.17%
EPS Q2Q%34.29%
Revenue 1Y (TTM)9.3%
Revenue growth 3Y11.38%
Revenue growth 5Y-2.3%
Sales Q2Q%16.62%
3.2 Future
IMAX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.13% yearly.
IMAX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.43% yearly.
EPS Next Y43.51%
EPS Next 2Y30.28%
EPS Next 3Y24.06%
EPS Next 5Y20.13%
Revenue Next Year11.86%
Revenue Next 2Y10.2%
Revenue Next 3Y8.88%
Revenue Next 5Y6.43%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 31.88, which means the current valuation is very expensive for IMAX.
Compared to the rest of the industry, the Price/Earnings ratio of IMAX indicates a somewhat cheap valuation: IMAX is cheaper than 78.75% of the companies listed in the same industry.
IMAX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.60.
IMAX is valuated rather expensively with a Price/Forward Earnings ratio of 22.34.
Based on the Price/Forward Earnings ratio, IMAX is valued a bit cheaper than 80.00% of the companies in the same industry.
IMAX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.88 | ||
| Fwd PE | 22.34 |
4.2 Price Multiples
68.75% of the companies in the same industry are more expensive than IMAX, based on the Enterprise Value to EBITDA ratio.
80.00% of the companies in the same industry are more expensive than IMAX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.47 | ||
| EV/EBITDA | 15.12 |
4.3 Compensation for Growth
IMAX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of IMAX may justify a higher PE ratio.
IMAX's earnings are expected to grow with 24.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.73
PEG (5Y)N/A
EPS Next 2Y30.28%
EPS Next 3Y24.06%
5. Dividend
5.1 Amount
No dividends for IMAX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
36.02
-0.94 (-2.54%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)
Earnings (Next)
Inst Owners93%
Inst Owner Change0%
Ins Owners19.21%
Ins Owner Change-0.66%
Market Cap1.94B
Revenue(TTM)377.68M
Net Income(TTM)39.55M
Analysts81.11
Price Target43.78 (21.54%)
Short Float %9.77%
Short Ratio2.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.48%
Min EPS beat(2)20.24%
Max EPS beat(2)20.72%
EPS beat(4)3
Avg EPS beat(4)11.61%
Min EPS beat(4)-6.42%
Max EPS beat(4)20.72%
EPS beat(8)7
Avg EPS beat(8)65.63%
EPS beat(12)10
Avg EPS beat(12)54.13%
EPS beat(16)11
Avg EPS beat(16)15.31%
Revenue beat(2)0
Avg Revenue beat(2)-1.01%
Min Revenue beat(2)-1.46%
Max Revenue beat(2)-0.56%
Revenue beat(4)1
Avg Revenue beat(4)-3.09%
Min Revenue beat(4)-11.37%
Max Revenue beat(4)1.04%
Revenue beat(8)2
Avg Revenue beat(8)-0.56%
Revenue beat(12)6
Avg Revenue beat(12)1.35%
Revenue beat(16)7
Avg Revenue beat(16)2.11%
PT rev (1m)13.94%
PT rev (3m)23.91%
EPS NQ rev (1m)0.66%
EPS NQ rev (3m)-8.89%
EPS NY rev (1m)-0.19%
EPS NY rev (3m)7.92%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)-4.58%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.88 | ||
| Fwd PE | 22.34 | ||
| P/S | 5.13 | ||
| P/FCF | 21.47 | ||
| P/OCF | 17.75 | ||
| P/B | 5.54 | ||
| P/tB | 7.71 | ||
| EV/EBITDA | 15.12 |
EPS(TTM)1.13
EY3.14%
EPS(NY)1.61
Fwd EY4.48%
FCF(TTM)1.68
FCFY4.66%
OCF(TTM)2.03
OCFY5.63%
SpS7.02
BVpS6.5
TBVpS4.67
PEG (NY)0.73
PEG (5Y)N/A
Graham Number12.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.45% | ||
| ROE | 11.31% | ||
| ROCE | 9.75% | ||
| ROIC | 7.73% | ||
| ROICexc | 9.49% | ||
| ROICexgc | 14.13% | ||
| OM | 19.91% | ||
| PM (TTM) | 10.47% | ||
| GM | 58.89% | ||
| FCFM | 23.9% |
ROA(3y)1.16%
ROA(5y)-2.69%
ROE(3y)3.11%
ROE(5y)-6.85%
ROIC(3y)4.23%
ROIC(5y)N/A
ROICexc(3y)4.84%
ROICexc(5y)N/A
ROICexgc(3y)7.01%
ROICexgc(5y)N/A
ROCE(3y)5.33%
ROCE(5y)N/A
ROICexgc growth 3Y113.18%
ROICexgc growth 5Y-5.75%
ROICexc growth 3Y103.14%
ROICexc growth 5Y-8.28%
OM growth 3Y86.93%
OM growth 5Y-7.23%
PM growth 3YN/A
PM growth 5Y-8.99%
GM growth 3Y0.8%
GM growth 5Y-0.05%
F-Score8
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 2.85 | ||
| Debt/EBITDA | 1.9 | ||
| Cap/Depr | 31.29% | ||
| Cap/Sales | 5.01% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.47% | ||
| Profit Quality | 228.24% | ||
| Current Ratio | 2.47 | ||
| Quick Ratio | 2.12 | ||
| Altman-Z | 2.72 |
F-Score8
WACC8.63%
ROIC/WACC0.9
Cap/Depr(3y)25.16%
Cap/Depr(5y)18.94%
Cap/Sales(3y)4.33%
Cap/Sales(5y)3.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.94%
EPS 3YN/A
EPS 5Y-2.17%
EPS Q2Q%34.29%
EPS Next Y43.51%
EPS Next 2Y30.28%
EPS Next 3Y24.06%
EPS Next 5Y20.13%
Revenue 1Y (TTM)9.3%
Revenue growth 3Y11.38%
Revenue growth 5Y-2.3%
Sales Q2Q%16.62%
Revenue Next Year11.86%
Revenue Next 2Y10.2%
Revenue Next 3Y8.88%
Revenue Next 5Y6.43%
EBIT growth 1Y94.17%
EBIT growth 3Y108.21%
EBIT growth 5Y-9.36%
EBIT Next Year258.35%
EBIT Next 3Y63.05%
EBIT Next 5Y34.08%
FCF growth 1Y52.72%
FCF growth 3YN/A
FCF growth 5Y-7.57%
OCF growth 1Y52.91%
OCF growth 3Y126.45%
OCF growth 5Y-4.76%
IMAX CORP / IMAX FAQ
Can you provide the ChartMill fundamental rating for IMAX CORP?
ChartMill assigns a fundamental rating of 5 / 10 to IMAX.
Can you provide the valuation status for IMAX CORP?
ChartMill assigns a valuation rating of 5 / 10 to IMAX CORP (IMAX). This can be considered as Fairly Valued.
What is the profitability of IMAX stock?
IMAX CORP (IMAX) has a profitability rating of 6 / 10.
What is the earnings growth outlook for IMAX CORP?
The Earnings per Share (EPS) of IMAX CORP (IMAX) is expected to grow by 43.51% in the next year.