IMAX CORP (IMAX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IMAX - CA45245E1097 - Common Stock
34.15 USD
+0.29 (+0.86%)
33.9223 USD
-0.23 (-0.67%)
Overall IMAX gets a fundamental rating of 5 out of 10. We evaluated IMAX against 80 industry peers in the Entertainment industry. Both the profitability and the financial health of IMAX get a neutral evaluation. Nothing too spectacular is happening here. 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.
The reported net income has been mixed in the past 5 years: IMAX reported negative net income in multiple years.
IMAX had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
IMAX has a better Return On Assets (4.45%) than 80.00% of its industry peers.
With a decent Return On Equity value of 11.31%, IMAX is doing good in the industry, outperforming 80.00% of the companies in the same industry.
IMAX has a better Return On Invested Capital (7.73%) than 82.50% of its industry peers.
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
With an excellent Profit Margin value of 10.47%, IMAX belongs to the best of the industry, outperforming 83.75% of the companies in the same industry.
IMAX's Profit Margin has declined in the last couple of years.
The Operating Margin of IMAX (19.91%) is better than 91.25% of its industry peers.
In the last couple of years the Operating Margin of IMAX has declined.
IMAX has a better Gross Margin (58.89%) 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 | 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 below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for IMAX has been reduced compared to 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 2.61 indicates that IMAX is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.61, IMAX is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
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 Debt to FCF ratio of 2.85. This is in the better half of the industry: IMAX outperforms 80.00% of its industry peers.
A Debt/Equity ratio of 0.74 indicates that 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 | 2.61 |
ROIC/WACC0.86
WACC9.01%
2.3 Liquidity
A Current Ratio of 2.47 indicates that IMAX has no problem at all paying its short term obligations.
IMAX has a Current ratio of 2.47. This is in the better half of the industry: IMAX outperforms 80.00% of its industry peers.
A Quick Ratio of 2.12 indicates that IMAX has no problem at all paying 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.
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.
Looking at the last year, IMAX shows a quite strong growth in Revenue. The Revenue has grown by 9.30% in the last year.
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
Based on estimates for the next years, IMAX will show a very strong growth in Earnings Per Share. The EPS will grow by 20.13% on average per year.
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 Y44.58%
EPS Next 2Y33.1%
EPS Next 3Y24.06%
EPS Next 5Y20.13%
Revenue Next Year11.56%
Revenue Next 2Y10.23%
Revenue Next 3Y8.88%
Revenue Next 5Y6.43%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
With a Price/Earnings ratio of 30.22, IMAX can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of IMAX indicates a somewhat cheap valuation: IMAX is cheaper than 80.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.19, IMAX is valued at the same level.
IMAX is valuated rather expensively with a Price/Forward Earnings ratio of 20.29.
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's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.22 | ||
| Fwd PE | 20.29 |
4.2 Price Multiples
IMAX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. IMAX is cheaper than 70.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, IMAX is valued cheaper than 83.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.36 | ||
| EV/EBITDA | 14.38 |
4.3 Compensation for Growth
The 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.
IMAX's earnings are expected to grow with 24.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.68
PEG (5Y)N/A
EPS Next 2Y33.1%
EPS Next 3Y24.06%
5. Dividend
5.1 Amount
IMAX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
34.15
+0.29 (+0.86%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)
Earnings (Next)
Inst Owners93%
Inst Owner Change0.01%
Ins Owners19.21%
Ins Owner Change-0.27%
Market Cap1.84B
Revenue(TTM)377.68M
Net Income(TTM)39.55M
Analysts82.22
Price Target43.78 (28.2%)
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)10.04%
PT rev (3m)23.91%
EPS NQ rev (1m)0.66%
EPS NQ rev (3m)-8.89%
EPS NY rev (1m)0.56%
EPS NY rev (3m)8.73%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)-4.58%
Revenue NY rev (1m)-0.25%
Revenue NY rev (3m)0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.22 | ||
| Fwd PE | 20.29 | ||
| P/S | 4.86 | ||
| P/FCF | 20.36 | ||
| P/OCF | 16.83 | ||
| P/B | 5.26 | ||
| P/tB | 7.31 | ||
| EV/EBITDA | 14.38 |
EPS(TTM)1.13
EY3.31%
EPS(NY)1.68
Fwd EY4.93%
FCF(TTM)1.68
FCFY4.91%
OCF(TTM)2.03
OCFY5.94%
SpS7.02
BVpS6.5
TBVpS4.67
PEG (NY)0.68
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 | 2.61 |
F-Score8
WACC9.01%
ROIC/WACC0.86
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 Y44.58%
EPS Next 2Y33.1%
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 Year11.56%
Revenue Next 2Y10.23%
Revenue Next 3Y8.88%
Revenue Next 5Y6.43%
EBIT growth 1Y94.17%
EBIT growth 3Y108.21%
EBIT growth 5Y-9.36%
EBIT Next Year234.24%
EBIT Next 3Y63.05%
EBIT Next 5Y38.42%
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 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 earnings growth outlook for IMAX CORP?
The Earnings per Share (EPS) of IMAX CORP (IMAX) is expected to grow by 44.58% in the next year.