IMAX CORP (IMAX) Stock Fundamental Analysis
NYSE:IMAX - New York Stock Exchange, Inc. - CA45245E1097 - Common Stock - Currency: USD
IMAX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 72 industry peers in the Entertainment industry. IMAX has an average financial health and profitability rating. IMAX is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
IMAX had positive earnings in the past year.
IMAX had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: IMAX reported negative net income in multiple years.
Of the past 5 years IMAX 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.96%, IMAX is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
The Return On Equity of IMAX (8.38%) is better than 77.78% of its industry peers.
IMAX has a Return On Invested Capital of 6.11%. This is in the better half of the industry: IMAX outperforms 75.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for IMAX is significantly below the industry average of 22.90%.
The 3 year average ROIC (4.23%) for IMAX is below the current ROIC(6.11%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.96% | ||
| ROE | 8.38% | ||
| ROIC | 6.11% |
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 Profit Margin of 6.98%. This is amongst the best in the industry. IMAX outperforms 80.56% of its industry peers.
IMAX's Profit Margin has declined in the last couple of years.
The Operating Margin of IMAX (14.59%) is better than 84.72% of its industry peers.
IMAX's Operating Margin has declined in the last couple of years.
IMAX has a Gross Margin of 54.62%. This is in the better half of the industry: IMAX outperforms 62.50% 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 | 14.59% | ||
| PM (TTM) | 6.98% | ||
| GM | 54.62% |
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
Compared to 1 year ago, IMAX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.88 indicates that IMAX is not a great score, but indicates only limited risk for bankruptcy at the moment.
IMAX's Altman-Z score of 1.88 is fine compared to the rest of the industry. IMAX outperforms 61.11% of its industry peers.
The Debt to FCF ratio of IMAX is 3.90, which is a good value as it means it would take IMAX, 3.90 years of fcf income to pay off all of its debts.
IMAX's Debt to FCF ratio of 3.90 is fine compared to the rest of the industry. IMAX outperforms 75.00% of its industry peers.
A Debt/Equity ratio of 0.77 indicates that IMAX is somewhat dependend on debt financing.
IMAX has a Debt to Equity ratio (0.77) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 3.9 | ||
| Altman-Z | 1.88 |
ROIC/WACC0.88
WACC6.93%
2.3 Liquidity
IMAX has a Current Ratio of 1.50. This is a normal value and indicates that IMAX is financially healthy and should not expect problems in meeting its short term obligations.
IMAX has a Current ratio of 1.50. This is in the better half of the industry: IMAX outperforms 68.06% of its industry peers.
A Quick Ratio of 1.31 indicates that IMAX should not have too much problems paying its short term obligations.
IMAX's Quick ratio of 1.31 is fine compared to the rest of the industry. IMAX outperforms 65.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.5 | ||
| Quick Ratio | 1.31 |
3. Growth
3.1 Past
IMAX shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by 0.00%.
The Earnings Per Share has been decreasing by -2.17% on average over the past years.
IMAX shows a decrease in Revenue. In the last year, the revenue decreased by -1.99%.
IMAX shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.30% yearly.
EPS 1Y (TTM)0%
EPS 3YN/A
EPS 5Y-2.17%
EPS Q2Q%-13.33%
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y11.38%
Revenue growth 5Y-2.3%
Sales Q2Q%9.53%
3.2 Future
Based on estimates for the next years, IMAX will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.83% on average per year.
Based on estimates for the next years, IMAX will show a small growth in Revenue. The Revenue will grow by 7.11% on average per year.
EPS Next Y23.5%
EPS Next 2Y21.37%
EPS Next 3Y15.83%
EPS Next 5Y13.83%
Revenue Next Year11.64%
Revenue Next 2Y8.4%
Revenue Next 3Y7.11%
Revenue Next 5YN/A
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
A Price/Earnings ratio of 28.92 indicates a quite expensive valuation of IMAX.
79.17% of the companies in the same industry are more expensive than IMAX, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of IMAX to the average of the S&P500 Index (27.30), we can say IMAX is valued inline with the index average.
A Price/Forward Earnings ratio of 19.22 indicates a rather expensive valuation of IMAX.
Based on the Price/Forward Earnings ratio, IMAX is valued a bit cheaper than the industry average as 79.17% 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 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.92 | ||
| Fwd PE | 19.22 |
4.2 Price Multiples
73.61% of the companies in the same industry are more expensive than IMAX, based on the Enterprise Value to EBITDA ratio.
IMAX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. IMAX is cheaper than 79.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.16 | ||
| EV/EBITDA | 14.11 |
4.3 Compensation for Growth
IMAX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct 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 15.83% in the coming years.
PEG (NY)1.23
PEG (5Y)N/A
EPS Next 2Y21.37%
EPS Next 3Y15.83%
5. Dividend
5.1 Amount
IMAX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
26.9
+0.31 (+1.17%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)
Earnings (Next)
Inst Owners91.65%
Inst Owner Change0%
Ins Owners19.4%
Ins Owner Change0.94%
Market Cap1.45B
Analysts80
Price Target32.08 (19.26%)
Short Float %9.97%
Short Ratio4.88
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)1
Avg EPS beat(2)2.74%
Min EPS beat(2)-6.42%
Max EPS beat(2)11.91%
EPS beat(4)3
Avg EPS beat(4)49.12%
Min EPS beat(4)-6.42%
Max EPS beat(4)138.86%
EPS beat(8)7
Avg EPS beat(8)74.71%
EPS beat(12)8
Avg EPS beat(12)23.52%
EPS beat(16)11
Avg EPS beat(16)18.84%
Revenue beat(2)1
Avg Revenue beat(2)-5.16%
Min Revenue beat(2)-11.37%
Max Revenue beat(2)1.04%
Revenue beat(4)2
Avg Revenue beat(4)0.02%
Min Revenue beat(4)-11.37%
Max Revenue beat(4)14.74%
Revenue beat(8)4
Avg Revenue beat(8)1.2%
Revenue beat(12)6
Avg Revenue beat(12)1.21%
Revenue beat(16)8
Avg Revenue beat(16)3.18%
PT rev (1m)2.79%
PT rev (3m)2.79%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.34%
EPS NY rev (1m)1.47%
EPS NY rev (3m)-8.8%
Revenue NQ rev (1m)-0.14%
Revenue NQ rev (3m)-0.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.92 | ||
| Fwd PE | 19.22 | ||
| P/S | 4.02 | ||
| P/FCF | 20.16 | ||
| P/OCF | 16.29 | ||
| P/B | 4.83 | ||
| P/tB | 7.19 | ||
| EV/EBITDA | 14.11 |
EPS(TTM)0.93
EY3.46%
EPS(NY)1.4
Fwd EY5.2%
FCF(TTM)1.33
FCFY4.96%
OCF(TTM)1.65
OCFY6.14%
SpS6.69
BVpS5.57
TBVpS3.74
PEG (NY)1.23
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.96% | ||
| ROE | 8.38% | ||
| ROCE | 7.71% | ||
| ROIC | 6.11% | ||
| ROICexc | 7.12% | ||
| ROICexgc | 10.94% | ||
| OM | 14.59% | ||
| PM (TTM) | 6.98% | ||
| GM | 54.62% | ||
| FCFM | 19.93% |
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-Score4
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 3.9 | ||
| Debt/EBITDA | 1.99 | ||
| Cap/Depr | 27.12% | ||
| Cap/Sales | 4.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.92% | ||
| Profit Quality | 285.52% | ||
| Current Ratio | 1.5 | ||
| Quick Ratio | 1.31 | ||
| Altman-Z | 1.88 |
F-Score4
WACC6.93%
ROIC/WACC0.88
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)0%
EPS 3YN/A
EPS 5Y-2.17%
EPS Q2Q%-13.33%
EPS Next Y23.5%
EPS Next 2Y21.37%
EPS Next 3Y15.83%
EPS Next 5Y13.83%
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y11.38%
Revenue growth 5Y-2.3%
Sales Q2Q%9.53%
Revenue Next Year11.64%
Revenue Next 2Y8.4%
Revenue Next 3Y7.11%
Revenue Next 5YN/A
EBIT growth 1Y-4.8%
EBIT growth 3Y108.21%
EBIT growth 5Y-9.36%
EBIT Next Year233.22%
EBIT Next 3Y52.46%
EBIT Next 5Y31.14%
FCF growth 1Y149.83%
FCF growth 3YN/A
FCF growth 5Y-7.57%
OCF growth 1Y109.83%
OCF growth 3Y126.45%
OCF growth 5Y-4.76%