IMAX CORP (IMAX) Stock Fundamental Analysis
USA - NYSE:IMAX - CA45245E1097 - Common Stock
31.96 USD
-0.35 (-1.08%)
31.96 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 only an average score on both its financial health and profitability. IMAX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year IMAX was profitable.
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.
IMAX had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.77%, IMAX is in the better half of the industry, outperforming 78.75% of the companies in the same industry.
IMAX's Return On Equity of 10.23% is fine compared to the rest of the industry. IMAX outperforms 77.50% of its industry peers.
IMAX has a Return On Invested Capital of 6.88%. This is in the better half of the industry: IMAX outperforms 78.75% 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 9.25%.
The last Return On Invested Capital (6.88%) for IMAX is above the 3 year average (4.23%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 10.23% | ||
| ROIC | 6.88% |
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 (9.04%) is better than 85.00% of its industry peers.
IMAX's Profit Margin has declined in the last couple of years.
IMAX has a better Operating Margin (18.00%) than 91.25% of its industry peers.
In the last couple of years the Operating Margin of IMAX has declined.
The Gross Margin of IMAX (56.88%) is better than 66.25% of its industry peers.
IMAX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18% | ||
| PM (TTM) | 9.04% | ||
| GM | 56.88% |
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.
IMAX has less shares outstanding than it did 1 year ago.
The number of shares outstanding for IMAX has been reduced compared to 5 years ago.
The debt/assets ratio for IMAX is higher compared to a year ago.
2.2 Solvency
IMAX has an Altman-Z score of 2.37. This is not the best score and indicates that IMAX is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.37, IMAX is doing good in the industry, outperforming 67.50% of the companies in the same industry.
The Debt to FCF ratio of IMAX is 4.75, which is a neutral value as it means it would take IMAX, 4.75 years of fcf income to pay off all of its debts.
IMAX's Debt to FCF ratio of 4.75 is fine compared to the rest of the industry. IMAX outperforms 66.25% of its industry peers.
IMAX has a Debt/Equity ratio of 0.87. This is a neutral value indicating IMAX is somewhat dependend on debt financing.
IMAX has a Debt to Equity ratio of 0.87. This is in the lower half of the industry: IMAX underperforms 62.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 4.75 | ||
| Altman-Z | 2.37 |
ROIC/WACC0.94
WACC7.29%
2.3 Liquidity
A Current Ratio of 2.33 indicates that IMAX has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.33, IMAX is in the better half of the industry, outperforming 76.25% of the companies in the same industry.
IMAX has a Quick Ratio of 2.02. This indicates that IMAX is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of IMAX (2.02) is better than 72.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.33 | ||
| Quick Ratio | 2.02 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.82% over the past year.
IMAX shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.17% yearly.
IMAX shows a small growth in Revenue. In the last year, the Revenue has grown by 1.25%.
The Revenue has been decreasing by -2.30% on average over the past years.
EPS 1Y (TTM)18.82%
EPS 3YN/A
EPS 5Y-2.17%
EPS Q2Q%44.44%
Revenue 1Y (TTM)1.25%
Revenue growth 3Y11.38%
Revenue growth 5Y-2.3%
Sales Q2Q%3.06%
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 24.18% on average per year.
The Revenue is expected to grow by 6.72% on average over the next years.
EPS Next Y32.98%
EPS Next 2Y26.22%
EPS Next 3Y18.66%
EPS Next 5Y24.18%
Revenue Next Year11.3%
Revenue Next 2Y8.43%
Revenue Next 3Y6.72%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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
Based on the Price/Earnings ratio of 31.64, the valuation of IMAX can be described as expensive.
Based on the Price/Earnings ratio, IMAX is valued a bit cheaper than the industry average as 78.75% of the companies are valued more expensively.
IMAX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 21.12, IMAX is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IMAX indicates a rather cheap valuation: IMAX is cheaper than 82.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.86, IMAX is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.64 | ||
| Fwd PE | 21.12 |
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 a bit cheaper than 78.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.35 | ||
| EV/EBITDA | 15.24 |
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.
IMAX has a very decent profitability rating, which may justify a higher PE ratio.
IMAX's earnings are expected to grow with 18.66% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.96
PEG (5Y)N/A
EPS Next 2Y26.22%
EPS Next 3Y18.66%
5. Dividend
5.1 Amount
No dividends for IMAX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
31.96
-0.35 (-1.08%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)
Earnings (Next)
Inst Owners91.41%
Inst Owner Change0.92%
Ins Owners19.45%
Ins Owner Change-0.43%
Market Cap1.72B
Analysts80
Price Target34.49 (7.92%)
Short Float %14.84%
Short Ratio5.71
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)16.07%
Min EPS beat(2)11.91%
Max EPS beat(2)20.24%
EPS beat(4)3
Avg EPS beat(4)19.46%
Min EPS beat(4)-6.42%
Max EPS beat(4)52.13%
EPS beat(8)7
Avg EPS beat(8)69.57%
EPS beat(12)9
Avg EPS beat(12)28.75%
EPS beat(16)11
Avg EPS beat(16)16.57%
Revenue beat(2)1
Avg Revenue beat(2)-0.21%
Min Revenue beat(2)-1.46%
Max Revenue beat(2)1.04%
Revenue beat(4)1
Avg Revenue beat(4)-4.03%
Min Revenue beat(4)-11.37%
Max Revenue beat(4)1.04%
Revenue beat(8)3
Avg Revenue beat(8)-0.35%
Revenue beat(12)6
Avg Revenue beat(12)1.29%
Revenue beat(16)7
Avg Revenue beat(16)2.04%
PT rev (1m)0.81%
PT rev (3m)8.77%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.55%
EPS NY rev (1m)8.34%
EPS NY rev (3m)9.26%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)-2.56%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)-0.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.64 | ||
| Fwd PE | 21.12 | ||
| P/S | 4.74 | ||
| P/FCF | 29.35 | ||
| P/OCF | 22.34 | ||
| P/B | 5.36 | ||
| P/tB | 7.71 | ||
| EV/EBITDA | 15.24 |
EPS(TTM)1.01
EY3.16%
EPS(NY)1.51
Fwd EY4.74%
FCF(TTM)1.09
FCFY3.41%
OCF(TTM)1.43
OCFY4.48%
SpS6.74
BVpS5.96
TBVpS4.15
PEG (NY)0.96
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 10.23% | ||
| ROCE | 8.68% | ||
| ROIC | 6.88% | ||
| ROICexc | 8.05% | ||
| ROICexgc | 11.79% | ||
| OM | 18% | ||
| PM (TTM) | 9.04% | ||
| GM | 56.88% | ||
| FCFM | 16.16% |
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-Score7
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.87 | ||
| Debt/FCF | 4.75 | ||
| Debt/EBITDA | 2.22 | ||
| Cap/Depr | 30.7% | ||
| Cap/Sales | 5.07% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 61.51% | ||
| Profit Quality | 178.66% | ||
| Current Ratio | 2.33 | ||
| Quick Ratio | 2.02 | ||
| Altman-Z | 2.37 |
F-Score7
WACC7.29%
ROIC/WACC0.94
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)18.82%
EPS 3YN/A
EPS 5Y-2.17%
EPS Q2Q%44.44%
EPS Next Y32.98%
EPS Next 2Y26.22%
EPS Next 3Y18.66%
EPS Next 5Y24.18%
Revenue 1Y (TTM)1.25%
Revenue growth 3Y11.38%
Revenue growth 5Y-2.3%
Sales Q2Q%3.06%
Revenue Next Year11.3%
Revenue Next 2Y8.43%
Revenue Next 3Y6.72%
Revenue Next 5YN/A
EBIT growth 1Y52.22%
EBIT growth 3Y108.21%
EBIT growth 5Y-9.36%
EBIT Next Year234.78%
EBIT Next 3Y52.46%
EBIT Next 5Y33.94%
FCF growth 1Y63.61%
FCF growth 3YN/A
FCF growth 5Y-7.57%
OCF growth 1Y58.66%
OCF growth 3Y126.45%
OCF growth 5Y-4.76%