IMAX CORP (IMAX) Stock Fundamental Analysis
USA - NYSE:IMAX - CA45245E1097 - Common Stock
32.75 USD
+0.39 (+1.21%)
32.75 USD
0 (0%)
Taking everything into account, IMAX scores 5 out of 10 in our fundamental rating. IMAX was compared to 80 industry peers in the Entertainment industry. IMAX has an average financial health and profitability rating. IMAX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
IMAX had positive earnings in the past year.
In the past year IMAX had a positive cash flow from operations.
In multiple years IMAX reported negative net income over the last 5 years.
IMAX had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.77%, IMAX is in the better half of the industry, outperforming 78.75% of the companies in the same industry.
IMAX has a Return On Equity of 10.23%. This is in the better half of the industry: IMAX outperforms 77.50% of its industry peers.
With a decent Return On Invested Capital value of 6.88%, IMAX is doing good in the industry, outperforming 78.75% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for IMAX is significantly below the industry average of 9.25%.
The 3 year average ROIC (4.23%) for IMAX is below the current ROIC(6.88%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 10.23% | ||
| ROIC | 6.88% |
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 (9.04%) is better than 85.00% of its industry peers.
In the last couple of years the Profit Margin of IMAX has declined.
IMAX has a better Operating Margin (18.00%) than 91.25% of its industry peers.
In the last couple of years the Operating Margin of IMAX has declined.
The Gross Margin of IMAX (56.88%) is better than 66.25% of its industry peers.
In the last couple of years the Gross Margin of IMAX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18% | ||
| PM (TTM) | 9.04% | ||
| GM | 56.88% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IMAX is destroying value.
IMAX has less shares outstanding than it did 1 year ago.
The number of shares outstanding for IMAX has been reduced compared to 5 years ago.
Compared to 1 year ago, IMAX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.39 indicates that IMAX is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.39, IMAX is doing good in the industry, outperforming 68.75% of the companies in the same industry.
The Debt to FCF ratio of IMAX is 4.75, which is a neutral value as it means it would take IMAX, 4.75 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of IMAX (4.75) is better than 66.25% of its industry peers.
IMAX has a Debt/Equity ratio of 0.87. This is a neutral value indicating IMAX is somewhat dependend on debt financing.
The Debt to Equity ratio of IMAX (0.87) is worse than 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 4.75 | ||
| Altman-Z | 2.39 |
ROIC/WACC0.94
WACC7.3%
2.3 Liquidity
IMAX has a Current Ratio of 2.33. This indicates that IMAX is financially healthy and has no problem in meeting its short term obligations.
IMAX has a Current ratio of 2.33. This is in the better half of the industry: IMAX outperforms 76.25% of its industry peers.
IMAX has a Quick Ratio of 2.02. This indicates that IMAX is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 2.02, IMAX is doing good in the industry, outperforming 72.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.33 | ||
| Quick Ratio | 2.02 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.82% over the past year.
Measured over the past years, IMAX shows a decrease in Earnings Per Share. The EPS has been decreasing by -2.17% on average per year.
IMAX shows a small growth in Revenue. In the last year, the Revenue has grown by 1.25%.
Measured over the past years, IMAX shows a decrease in Revenue. The Revenue has been decreasing by -2.30% on average per year.
EPS 1Y (TTM)18.82%
EPS 3YN/A
EPS 5Y-2.17%
EPS Q2Q%44.44%
Revenue 1Y (TTM)1.25%
Revenue growth 3Y11.38%
Revenue growth 5Y-2.3%
Sales Q2Q%3.06%
3.2 Future
Based on estimates for the next years, IMAX will show a very strong growth in Earnings Per Share. The EPS will grow by 24.18% on average per year.
The Revenue is expected to grow by 6.72% on average over the next years.
EPS Next Y32.98%
EPS Next 2Y26.22%
EPS Next 3Y18.66%
EPS Next 5Y24.18%
Revenue Next Year11.3%
Revenue Next 2Y8.43%
Revenue Next 3Y6.72%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 32.43 indicates a quite expensive valuation of IMAX.
Based on the Price/Earnings ratio, IMAX is valued a bit cheaper than 78.75% of the companies in the same industry.
IMAX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.27, which is the current average of the S&P500 Index.
IMAX is valuated rather expensively with a Price/Forward Earnings ratio of 21.64.
Based on the Price/Forward Earnings ratio, IMAX is valued cheaply inside the industry as 82.50% of the companies are valued more expensively.
IMAX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.43 | ||
| Fwd PE | 21.64 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IMAX is valued a bit cheaper than 70.00% of the companies in the same industry.
IMAX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. IMAX is cheaper than 78.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.07 | ||
| EV/EBITDA | 15.43 |
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.
IMAX has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as IMAX's earnings are expected to grow with 18.66% in the coming years.
PEG (NY)0.98
PEG (5Y)N/A
EPS Next 2Y26.22%
EPS Next 3Y18.66%
5. Dividend
5.1 Amount
No dividends for IMAX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
32.75
+0.39 (+1.21%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)
Earnings (Next)
Inst Owners91.41%
Inst Owner Change0.92%
Ins Owners19.45%
Ins Owner Change-0.43%
Market Cap1.76B
Analysts80
Price Target34.49 (5.31%)
Short Float %13.14%
Short Ratio5.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)16.07%
Min EPS beat(2)11.91%
Max EPS beat(2)20.24%
EPS beat(4)3
Avg EPS beat(4)19.46%
Min EPS beat(4)-6.42%
Max EPS beat(4)52.13%
EPS beat(8)7
Avg EPS beat(8)69.57%
EPS beat(12)9
Avg EPS beat(12)28.75%
EPS beat(16)11
Avg EPS beat(16)16.57%
Revenue beat(2)1
Avg Revenue beat(2)-0.21%
Min Revenue beat(2)-1.46%
Max Revenue beat(2)1.04%
Revenue beat(4)1
Avg Revenue beat(4)-4.03%
Min Revenue beat(4)-11.37%
Max Revenue beat(4)1.04%
Revenue beat(8)3
Avg Revenue beat(8)-0.35%
Revenue beat(12)6
Avg Revenue beat(12)1.29%
Revenue beat(16)7
Avg Revenue beat(16)2.04%
PT rev (1m)0.81%
PT rev (3m)8.77%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.55%
EPS NY rev (1m)8.34%
EPS NY rev (3m)9.26%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)-2.56%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)-0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.43 | ||
| Fwd PE | 21.64 | ||
| P/S | 4.86 | ||
| P/FCF | 30.07 | ||
| P/OCF | 22.89 | ||
| P/B | 5.5 | ||
| P/tB | 7.9 | ||
| EV/EBITDA | 15.43 |
EPS(TTM)1.01
EY3.08%
EPS(NY)1.51
Fwd EY4.62%
FCF(TTM)1.09
FCFY3.33%
OCF(TTM)1.43
OCFY4.37%
SpS6.74
BVpS5.96
TBVpS4.15
PEG (NY)0.98
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 10.23% | ||
| ROCE | 8.68% | ||
| ROIC | 6.88% | ||
| ROICexc | 8.05% | ||
| ROICexgc | 11.79% | ||
| OM | 18% | ||
| PM (TTM) | 9.04% | ||
| GM | 56.88% | ||
| FCFM | 16.16% |
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
ROICexcg growth 3Y113.18%
ROICexcg 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-Score7
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 4.75 | ||
| Debt/EBITDA | 2.22 | ||
| Cap/Depr | 30.7% | ||
| Cap/Sales | 5.07% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 61.51% | ||
| Profit Quality | 178.66% | ||
| Current Ratio | 2.33 | ||
| Quick Ratio | 2.02 | ||
| Altman-Z | 2.39 |
F-Score7
WACC7.3%
ROIC/WACC0.94
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)18.82%
EPS 3YN/A
EPS 5Y-2.17%
EPS Q2Q%44.44%
EPS Next Y32.98%
EPS Next 2Y26.22%
EPS Next 3Y18.66%
EPS Next 5Y24.18%
Revenue 1Y (TTM)1.25%
Revenue growth 3Y11.38%
Revenue growth 5Y-2.3%
Sales Q2Q%3.06%
Revenue Next Year11.3%
Revenue Next 2Y8.43%
Revenue Next 3Y6.72%
Revenue Next 5YN/A
EBIT growth 1Y52.22%
EBIT growth 3Y108.21%
EBIT growth 5Y-9.36%
EBIT Next Year234.78%
EBIT Next 3Y52.46%
EBIT Next 5Y33.94%
FCF growth 1Y63.61%
FCF growth 3YN/A
FCF growth 5Y-7.57%
OCF growth 1Y58.66%
OCF growth 3Y126.45%
OCF growth 5Y-4.76%