IMAX CORP (IMAX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IMAX - CA45245E1097 - Common Stock
36.23 USD
+2.82 (+8.44%)
36.45 USD
+0.22 (+0.61%)
Overall IMAX gets a fundamental rating of 6 out of 10. We evaluated IMAX against 80 industry peers in the Entertainment industry. IMAX has an excellent financial health rating, but there are some minor concerns on its profitability. IMAX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year IMAX was profitable.
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.
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 78.75% of its industry peers.
IMAX has a Return On Equity of 11.31%. This is in the better half of the industry: IMAX outperforms 80.00% of its industry peers.
IMAX has a better Return On Invested Capital (7.73%) than 80.00% of its industry peers.
IMAX had an Average Return On Invested Capital over the past 3 years of 4.23%. This is significantly below the industry average of 9.33%.
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
IMAX has a better Profit Margin (10.47%) than 83.75% of its industry peers.
In the last couple of years the Profit Margin of IMAX has declined.
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 67.50% 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 | 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
IMAX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for IMAX has been reduced compared to 1 year ago.
Compared to 5 years ago, IMAX has less shares outstanding
IMAX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.73 indicates that IMAX is not a great score, but indicates only limited risk for bankruptcy at the moment.
IMAX's Altman-Z score of 2.73 is fine compared to the rest of the industry. IMAX outperforms 72.50% of its industry peers.
The Debt to FCF ratio of IMAX is 2.85, which is a good value as it means it would take IMAX, 2.85 years of fcf income to pay off all of its debts.
IMAX has a better Debt to FCF ratio (2.85) than 77.50% of its industry peers.
A Debt/Equity ratio of 0.74 indicates that IMAX is somewhat dependend on debt financing.
IMAX has a worse Debt to Equity ratio (0.74) than 61.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 2.85 | ||
| Altman-Z | 2.73 |
ROIC/WACC1.09
WACC7.06%
2.3 Liquidity
A Current Ratio of 2.47 indicates that IMAX has no problem at all paying its short term obligations.
IMAX's Current ratio of 2.47 is amongst the best of the industry. IMAX outperforms 81.25% of its industry peers.
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.
With an excellent Quick ratio value of 2.12, IMAX belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
| 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.
Based on estimates for the next years, IMAX will show a small growth in Revenue. The Revenue will grow by 6.43% on average per year.
EPS Next Y43.78%
EPS Next 2Y28.33%
EPS Next 3Y19.57%
EPS Next 5Y20.13%
Revenue Next Year11.54%
Revenue Next 2Y8.74%
Revenue Next 3Y7.56%
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.
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
Based on the Price/Earnings ratio of 32.06, the valuation of IMAX can be described as expensive.
IMAX's Price/Earnings ratio is a bit cheaper when compared to the industry. IMAX is cheaper than 77.50% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.41. IMAX is valued slightly more expensive when compared to this.
With a Price/Forward Earnings ratio of 23.16, IMAX is valued on the expensive side.
IMAX's Price/Forward Earnings ratio is rather cheap when compared to the industry. IMAX is cheaper than 81.25% of the companies in the same industry.
IMAX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 35.40, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.06 | ||
| Fwd PE | 23.16 |
4.2 Price Multiples
67.50% of the companies in the same industry are more expensive than IMAX, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IMAX indicates a rather cheap valuation: IMAX is cheaper than 82.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.6 | ||
| EV/EBITDA | 15.21 |
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.
A more expensive valuation may be justified as IMAX's earnings are expected to grow with 19.57% in the coming years.
PEG (NY)0.73
PEG (5Y)N/A
EPS Next 2Y28.33%
EPS Next 3Y19.57%
5. Dividend
5.1 Amount
IMAX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
36.23
+2.82 (+8.44%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)
Earnings (Next)
Inst Owners90.65%
Inst Owner Change2.61%
Ins Owners19.38%
Ins Owner Change-0.33%
Market Cap1.95B
Revenue(TTM)377.68M
Net Income(TTM)39.55M
Analysts80
Price Target38.42 (6.04%)
Short Float %14.98%
Short Ratio5.72
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)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)0%
PT rev (3m)12.29%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.48%
EPS NY rev (1m)3.86%
EPS NY rev (3m)8.13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.6%
Revenue NY rev (1m)-0.62%
Revenue NY rev (3m)0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.06 | ||
| Fwd PE | 23.16 | ||
| P/S | 5.16 | ||
| P/FCF | 21.6 | ||
| P/OCF | 17.85 | ||
| P/B | 5.58 | ||
| P/tB | 7.76 | ||
| EV/EBITDA | 15.21 |
EPS(TTM)1.13
EY3.12%
EPS(NY)1.56
Fwd EY4.32%
FCF(TTM)1.68
FCFY4.63%
OCF(TTM)2.03
OCFY5.6%
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 | 2.73 |
F-Score8
WACC7.06%
ROIC/WACC1.09
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 Y43.78%
EPS Next 2Y28.33%
EPS Next 3Y19.57%
EPS Next 5Y20.13%
Revenue 1Y (TTM)9.3%
Revenue growth 3Y11.38%
Revenue growth 5Y-2.3%
Sales Q2Q%16.62%
Revenue Next Year11.54%
Revenue Next 2Y8.74%
Revenue Next 3Y7.56%
Revenue Next 5Y6.43%
EBIT growth 1Y94.17%
EBIT growth 3Y108.21%
EBIT growth 5Y-9.36%
EBIT Next Year233.94%
EBIT Next 3Y56.91%
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
What is the fundamental rating for IMAX stock?
ChartMill assigns a fundamental rating of 6 / 10 to IMAX.
What is the valuation status for IMAX stock?
ChartMill assigns a valuation rating of 6 / 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 valuation of IMAX CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for IMAX CORP (IMAX) is 32.06 and the Price/Book (PB) ratio is 5.58.
What is the expected EPS growth for IMAX CORP (IMAX) stock?
The Earnings per Share (EPS) of IMAX CORP (IMAX) is expected to grow by 43.78% in the next year.