IMAX CORP (IMAX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IMAX - CA45245E1097 - Common Stock
37.1 USD
+0.22 (+0.6%)
37.52 USD
+0.42 (+1.13%)
Taking everything into account, IMAX scores 6 out of 10 in our fundamental rating. IMAX was compared to 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 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.
Of the past 5 years IMAX 4 years had a positive operating cash flow.
1.2 Ratios
IMAX has a better Return On Assets (4.45%) than 78.75% of its industry peers.
IMAX has a better Return On Equity (11.31%) than 80.00% of its industry peers.
IMAX has a Return On Invested Capital of 7.73%. This is in the better half of the industry: IMAX outperforms 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 last Return On Invested Capital (7.73%) for IMAX is above the 3 year average (4.23%), which is a sign of increasing profitability.
| 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.
In the last couple of years the Profit Margin of IMAX has declined.
Looking at the Operating Margin, with a value of 19.91%, IMAX belongs to the top of the industry, outperforming 91.25% of the companies in the same industry.
IMAX's Operating Margin has declined in the last couple of years.
With a decent Gross Margin value of 58.89%, IMAX is doing good in the industry, outperforming 67.50% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so IMAX is still creating some value.
The number of shares outstanding for IMAX has been reduced compared to 1 year ago.
IMAX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, IMAX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.77 indicates that IMAX is not a great score, but indicates only limited risk for bankruptcy at the moment.
IMAX has a better Altman-Z score (2.77) than 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's Debt to FCF ratio of 2.85 is fine compared to the rest of the industry. IMAX outperforms 77.50% of its industry peers.
A Debt/Equity ratio of 0.74 indicates that IMAX is somewhat dependend on debt financing.
The Debt to Equity ratio of IMAX (0.74) is worse than 61.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 2.85 | ||
| Altman-Z | 2.77 |
ROIC/WACC1.09
WACC7.08%
2.3 Liquidity
IMAX has a Current Ratio of 2.47. This indicates that IMAX is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 2.47, IMAX belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
A Quick Ratio of 2.12 indicates that IMAX has no problem at all paying its short term obligations.
IMAX's Quick ratio of 2.12 is amongst the best of the industry. IMAX outperforms 81.25% 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.
IMAX shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.30% yearly.
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.
The Revenue is expected to grow by 6.43% on average over the next years.
EPS Next Y43.78%
EPS Next 2Y28.33%
EPS Next 3Y19.57%
EPS Next 5Y20.13%
Revenue Next Year11.85%
Revenue Next 2Y8.98%
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.
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
Based on the Price/Earnings ratio of 32.83, the valuation of IMAX can be described as expensive.
Based on the Price/Earnings ratio, IMAX is valued a bit cheaper than 77.50% of the companies in the same industry.
IMAX is valuated rather expensively when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
IMAX is valuated rather expensively with a Price/Forward Earnings ratio of 23.71.
IMAX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. IMAX is cheaper than 78.75% of the companies in the same industry.
IMAX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 36.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.83 | ||
| Fwd PE | 23.71 |
4.2 Price Multiples
65.00% of the companies in the same industry are more expensive than IMAX, based on the Enterprise Value to EBITDA ratio.
81.25% 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 | 22.11 | ||
| EV/EBITDA | 15.46 |
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)0.75
PEG (5Y)N/A
EPS Next 2Y28.33%
EPS Next 3Y19.57%
5. Dividend
5.1 Amount
No dividends for IMAX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
37.1
+0.22 (+0.6%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)
Earnings (Next)
Inst Owners90.65%
Inst Owner Change2.62%
Ins Owners19.38%
Ins Owner Change-0.33%
Market Cap2.00B
Revenue(TTM)377.68M
Net Income(TTM)39.55M
Analysts80
Price Target38.42 (3.56%)
Short Float %13.88%
Short Ratio5.45
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)8.75%
PT rev (3m)12.29%
EPS NQ rev (1m)-6.88%
EPS NQ rev (3m)-9.48%
EPS NY rev (1m)3.86%
EPS NY rev (3m)8.13%
Revenue NQ rev (1m)-2.04%
Revenue NQ rev (3m)-4.72%
Revenue NY rev (1m)-0.34%
Revenue NY rev (3m)0.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.83 | ||
| Fwd PE | 23.71 | ||
| P/S | 5.28 | ||
| P/FCF | 22.11 | ||
| P/OCF | 18.27 | ||
| P/B | 5.71 | ||
| P/tB | 7.94 | ||
| EV/EBITDA | 15.46 |
EPS(TTM)1.13
EY3.05%
EPS(NY)1.56
Fwd EY4.22%
FCF(TTM)1.68
FCFY4.52%
OCF(TTM)2.03
OCFY5.47%
SpS7.02
BVpS6.5
TBVpS4.67
PEG (NY)0.75
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 | 2.77 |
F-Score8
WACC7.08%
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 Year11.85%
Revenue Next 2Y8.98%
Revenue Next 3Y7.56%
Revenue Next 5Y6.43%
EBIT growth 1Y94.17%
EBIT growth 3Y108.21%
EBIT growth 5Y-9.36%
EBIT Next Year247.81%
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 32.83 and the Price/Book (PB) ratio is 5.71.
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.