NATIONAL CINEMEDIA INC (NCMI) Stock Fundamental Analysis
NASDAQ:NCMI - Nasdaq - US6353092066 - Common Stock - Currency: USD
NCMI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 93 industry peers in the Media industry. No worries on liquidiy or solvency for NCMI as it has an excellent financial health rating, but there are worries on the profitability. NCMI is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
NCMI had negative earnings in the past year.
In the past year NCMI had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: NCMI reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: NCMI reported negative operating cash flow in multiple years.
1.2 Ratios
Looking at the Return On Assets, with a value of -4.43%, NCMI is doing worse than 63.22% of the companies in the same industry.
With a Return On Equity value of -6.04%, NCMI perfoms like the industry average, outperforming 45.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.43% | ||
| ROE | -6.04% | ||
| ROIC | N/A |
ROA(3y)38.21%
ROA(5y)22.09%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
In the last couple of years the Profit Margin of NCMI has grown nicely.
NCMI has a Gross Margin (49.82%) which is comparable to the rest of the industry.
NCMI's Gross Margin has declined in the last couple of years.
NCMI does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 49.82% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y129.18%
GM growth 3Y-0.24%
GM growth 5Y-5.95%
2. Health
2.1 Basic Checks
NCMI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for NCMI has been increased compared to 1 year ago.
The number of shares outstanding for NCMI has been increased compared to 5 years ago.
NCMI has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.91 indicates that NCMI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.91, NCMI belongs to the top of the industry, outperforming 86.21% of the companies in the same industry.
NCMI has a debt to FCF ratio of 0.25. This is a very positive value and a sign of high solvency as it would only need 0.25 years to pay back of all of its debts.
NCMI's Debt to FCF ratio of 0.25 is amongst the best of the industry. NCMI outperforms 93.10% of its industry peers.
NCMI has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
NCMI has a better Debt to Equity ratio (0.03) than 83.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | 3.91 |
ROIC/WACCN/A
WACC6.55%
2.3 Liquidity
NCMI has a Current Ratio of 2.46. This indicates that NCMI is financially healthy and has no problem in meeting its short term obligations.
NCMI's Current ratio of 2.46 is fine compared to the rest of the industry. NCMI outperforms 72.41% of its industry peers.
A Quick Ratio of 2.46 indicates that NCMI has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.46, NCMI is in the better half of the industry, outperforming 74.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.46 | ||
| Quick Ratio | 2.46 |
3. Growth
3.1 Past
NCMI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 91.20%, which is quite impressive.
NCMI shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 50.34% yearly.
The Revenue has grown by 47.68% in the past year. This is a very strong growth!
NCMI shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -17.84% yearly.
EPS 1Y (TTM)91.2%
EPS 3YN/A
EPS 5Y50.34%
EPS Q2Q%88.24%
Revenue 1Y (TTM)47.68%
Revenue growth 3Y22.26%
Revenue growth 5Y-17.84%
Sales Q2Q%152.63%
3.2 Future
Based on estimates for the next years, NCMI will show a very strong growth in Earnings Per Share. The EPS will grow by 27.83% on average per year.
Based on estimates for the next years, NCMI will show a small growth in Revenue. The Revenue will grow by 7.46% on average per year.
EPS Next Y92.07%
EPS Next 2Y43.35%
EPS Next 3Y27.83%
EPS Next 5YN/A
Revenue Next Year-3.52%
Revenue Next 2Y6.74%
Revenue Next 3Y7.46%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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
The Price/Earnings Ratio is negative for NCMI. In the last year negative earnings were reported.
NCMI is valuated quite expensively with a Price/Forward Earnings ratio of 31.23.
NCMI's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, NCMI is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 31.23 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NCMI is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NCMI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.72 | ||
| EV/EBITDA | 25.55 |
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.
A more expensive valuation may be justified as NCMI's earnings are expected to grow with 27.83% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y43.35%
EPS Next 3Y27.83%
5. Dividend
5.1 Amount
NCMI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
6.69
-0.13 (-1.91%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners87.94%
Inst Owner Change-88.11%
Ins Owners0.63%
Ins Owner Change2.39%
Market Cap635.01M
Analysts82
Price Target8.22 (22.87%)
Short Float %4.97%
Short Ratio6.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.01
Dividend Growth(5Y)-78.05%
DP-1.29%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-31.06%
Min EPS beat(2)-47.04%
Max EPS beat(2)-15.08%
EPS beat(4)1
Avg EPS beat(4)-63.97%
Min EPS beat(4)-370.59%
Max EPS beat(4)176.82%
EPS beat(8)3
Avg EPS beat(8)-27.06%
EPS beat(12)4
Avg EPS beat(12)-14.94%
EPS beat(16)4
Avg EPS beat(16)-35.23%
Revenue beat(2)2
Avg Revenue beat(2)6.99%
Min Revenue beat(2)5.43%
Max Revenue beat(2)8.56%
Revenue beat(4)4
Avg Revenue beat(4)7.36%
Min Revenue beat(4)5.43%
Max Revenue beat(4)9.89%
Revenue beat(8)5
Avg Revenue beat(8)-7.76%
Revenue beat(12)7
Avg Revenue beat(12)-5.37%
Revenue beat(16)8
Avg Revenue beat(16)-10.34%
PT rev (1m)0%
PT rev (3m)7.5%
EPS NQ rev (1m)1.88%
EPS NQ rev (3m)-20.59%
EPS NY rev (1m)1.09%
EPS NY rev (3m)-28.17%
Revenue NQ rev (1m)0.9%
Revenue NQ rev (3m)-2.23%
Revenue NY rev (1m)0.31%
Revenue NY rev (3m)0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 31.23 | ||
| P/S | 2.59 | ||
| P/FCF | 15.72 | ||
| P/OCF | 13.99 | ||
| P/B | 1.65 | ||
| P/tB | 30.1 | ||
| EV/EBITDA | 25.55 |
EPS(TTM)-0.25
EYN/A
EPS(NY)0.21
Fwd EY3.2%
FCF(TTM)0.43
FCFY6.36%
OCF(TTM)0.48
OCFY7.15%
SpS2.58
BVpS4.06
TBVpS0.22
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.43% | ||
| ROE | -6.04% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 49.82% | ||
| FCFM | 16.47% |
ROA(3y)38.21%
ROA(5y)22.09%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y129.18%
GM growth 3Y-0.24%
GM growth 5Y-5.95%
F-Score4
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.25 | ||
| Debt/EBITDA | 0.43 | ||
| Cap/Depr | 11.79% | ||
| Cap/Sales | 2.04% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 194.85% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.46 | ||
| Quick Ratio | 2.46 | ||
| Altman-Z | 3.91 |
F-Score4
WACC6.55%
ROIC/WACCN/A
Cap/Depr(3y)12.72%
Cap/Depr(5y)18.82%
Cap/Sales(3y)2.71%
Cap/Sales(5y)4.03%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)91.2%
EPS 3YN/A
EPS 5Y50.34%
EPS Q2Q%88.24%
EPS Next Y92.07%
EPS Next 2Y43.35%
EPS Next 3Y27.83%
EPS Next 5YN/A
Revenue 1Y (TTM)47.68%
Revenue growth 3Y22.26%
Revenue growth 5Y-17.84%
Sales Q2Q%152.63%
Revenue Next Year-3.52%
Revenue Next 2Y6.74%
Revenue Next 3Y7.46%
Revenue Next 5YN/A
EBIT growth 1Y3.05%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year124.34%
EBIT Next 3Y35.56%
EBIT Next 5YN/A
FCF growth 1Y193.52%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y215.23%
OCF growth 3YN/A
OCF growth 5YN/A