IMAX CORP (IMAX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IMAX - CA45245E1097 - Common Stock
37.45 USD
-0.22 (-0.58%)
37.45 USD
0 (0%)
IMAX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 80 industry peers in the Entertainment industry. IMAX has an average financial health and profitability rating. IMAX has a decent growth rate and is not valued too expensively.
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's Return On Assets of 4.45% is fine compared to the rest of the industry. IMAX outperforms 80.00% 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 amongst the best in the industry. IMAX outperforms 82.50% of its industry peers.
IMAX had an Average Return On Invested Capital over the past 3 years of 4.23%. This 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
Looking at the Profit Margin, with a value of 10.47%, IMAX belongs to the top 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.
IMAX has a better Operating Margin (19.91%) than 91.25% of its industry peers.
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 66.25% 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
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.
Compared to 5 years ago, IMAX has less shares outstanding
The debt/assets ratio for IMAX is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.82 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 2.82, IMAX is in the better half of the industry, outperforming 72.50% of the companies in the same industry.
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.
The Debt to FCF ratio of IMAX (2.85) is better than 80.00% of its industry peers.
IMAX has a Debt/Equity ratio of 0.74. This is a neutral value indicating IMAX is somewhat dependend on debt financing.
IMAX's Debt to Equity ratio of 0.74 is on the low side compared to the rest of the industry. IMAX is outperformed by 61.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 2.85 | ||
| Altman-Z | 2.82 |
ROIC/WACC0.84
WACC9.25%
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.
The Current ratio of IMAX (2.47) is better than 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's Quick ratio of 2.12 is fine compared to the rest of the industry. IMAX outperforms 77.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.47 | ||
| Quick Ratio | 2.12 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 32.94% over the past year.
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%.
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
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 Y43.51%
EPS Next 2Y30.28%
EPS Next 3Y24.06%
EPS Next 5Y20.13%
Revenue Next Year11.86%
Revenue Next 2Y10.2%
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
Based on the Price/Earnings ratio of 33.14, 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.
The average S&P500 Price/Earnings ratio is at 26.84. IMAX is valued slightly more expensive when compared to this.
IMAX is valuated rather expensively with a Price/Forward Earnings ratio of 23.22.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IMAX indicates a somewhat cheap valuation: IMAX is cheaper than 77.50% of the companies listed in the same industry.
IMAX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.14 | ||
| Fwd PE | 23.22 |
4.2 Price Multiples
66.25% 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 rather cheap when compared to the industry. IMAX is cheaper than 81.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.32 | ||
| EV/EBITDA | 15.78 |
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.
IMAX's earnings are expected to grow with 24.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.76
PEG (5Y)N/A
EPS Next 2Y30.28%
EPS Next 3Y24.06%
5. Dividend
5.1 Amount
IMAX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
37.45
-0.22 (-0.58%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)
Earnings (Next)
Inst Owners92.94%
Inst Owner Change2.61%
Ins Owners19.26%
Ins Owner Change-0.66%
Market Cap2.01B
Revenue(TTM)377.68M
Net Income(TTM)39.55M
Analysts81.11
Price Target43.78 (16.9%)
Short Float %14.26%
Short Ratio4.34
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)13.94%
PT rev (3m)26.9%
EPS NQ rev (1m)0.66%
EPS NQ rev (3m)-8.89%
EPS NY rev (1m)-0.19%
EPS NY rev (3m)7.92%
Revenue NQ rev (1m)0.02%
Revenue NQ rev (3m)-4.58%
Revenue NY rev (1m)0.29%
Revenue NY rev (3m)0.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.14 | ||
| Fwd PE | 23.22 | ||
| P/S | 5.33 | ||
| P/FCF | 22.32 | ||
| P/OCF | 18.45 | ||
| P/B | 5.76 | ||
| P/tB | 8.02 | ||
| EV/EBITDA | 15.78 |
EPS(TTM)1.13
EY3.02%
EPS(NY)1.61
Fwd EY4.31%
FCF(TTM)1.68
FCFY4.48%
OCF(TTM)2.03
OCFY5.42%
SpS7.02
BVpS6.5
TBVpS4.67
PEG (NY)0.76
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 | 2.82 |
F-Score8
WACC9.25%
ROIC/WACC0.84
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 Y43.51%
EPS Next 2Y30.28%
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 Year11.86%
Revenue Next 2Y10.2%
Revenue Next 3Y8.88%
Revenue Next 5Y6.43%
EBIT growth 1Y94.17%
EBIT growth 3Y108.21%
EBIT growth 5Y-9.36%
EBIT Next Year258.35%
EBIT Next 3Y63.05%
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 5 / 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 33.14 and the Price/Book (PB) ratio is 5.76.
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 43.51% in the next year.