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NATIONAL CINEMEDIA INC (NCMI) Stock Fundamental Analysis

NASDAQ:NCMI - Nasdaq - US6353092066 - Common Stock - Currency: USD

5.355  -0.08 (-1.56%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to NCMI. NCMI was compared to 96 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 has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

NCMI had negative earnings in the past year.
NCMI had a positive operating cash flow in the past year.
In the past 5 years NCMI reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: NCMI reported negative operating cash flow in multiple years.
NCMI Yearly Net Income VS EBIT VS OCF VS FCFNCMI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

1.2 Ratios

With a Return On Assets value of -3.63%, NCMI perfoms like the industry average, outperforming 41.67% of the companies in the same industry.
NCMI's Return On Equity of -4.94% is in line compared to the rest of the industry. NCMI outperforms 47.92% of its industry peers.
Industry RankSector Rank
ROA -3.63%
ROE -4.94%
ROIC N/A
ROA(3y)38.89%
ROA(5y)20.67%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
NCMI Yearly ROA, ROE, ROICNCMI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 100 150

1.3 Margins

NCMI has a Gross Margin (47.84%) 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 RankSector Rank
OM N/A
PM (TTM) N/A
GM 47.84%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.3%
GM growth 5Y-7.27%
NCMI Yearly Profit, Operating, Gross MarginsNCMI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 200 300 400

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8

2. Health

2.1 Basic Checks

NCMI does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, NCMI has less shares outstanding
Compared to 5 years ago, NCMI has more shares outstanding
NCMI has about the same debt/assets ratio as last year.
NCMI Yearly Shares OutstandingNCMI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
NCMI Yearly Total Debt VS Total AssetsNCMI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

NCMI has an Altman-Z score of 3.48. This indicates that NCMI is financially healthy and has little risk of bankruptcy at the moment.
NCMI has a Altman-Z score of 3.48. This is amongst the best in the industry. NCMI outperforms 84.38% of its industry peers.
There is no outstanding debt for NCMI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 3.48
ROIC/WACCN/A
WACC9.11%
NCMI Yearly LT Debt VS Equity VS FCFNCMI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

2.3 Liquidity

NCMI has a Current Ratio of 2.29. This indicates that NCMI is financially healthy and has no problem in meeting its short term obligations.
NCMI has a Current ratio of 2.29. This is in the better half of the industry: NCMI outperforms 75.00% of its industry peers.
A Quick Ratio of 2.29 indicates that NCMI has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.29, NCMI is doing good in the industry, outperforming 76.04% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.29
Quick Ratio 2.29
NCMI Yearly Current Assets VS Current LiabilitesNCMI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 83.62% over the past year.
The Revenue has grown by 42.10% 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 -11.55% yearly.
EPS 1Y (TTM)83.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.11%
Revenue 1Y (TTM)42.1%
Revenue growth 3Y28.08%
Revenue growth 5Y-11.55%
Sales Q2Q%-6.68%

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 45.25% on average per year.
Based on estimates for the next years, NCMI will show a quite strong growth in Revenue. The Revenue will grow by 9.34% on average per year.
EPS Next Y80.78%
EPS Next 2Y60.97%
EPS Next 3Y45.25%
EPS Next 5YN/A
Revenue Next Year9.33%
Revenue Next 2Y10.78%
Revenue Next 3Y9.34%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NCMI Yearly Revenue VS EstimatesNCMI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
NCMI Yearly EPS VS EstimatesNCMI Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2 4 -4 -6

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4

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 39.38.
The rest of the industry has a similar Price/Forward Earnings ratio as NCMI.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.20, NCMI is valued quite expensively.
Industry RankSector Rank
PE N/A
Fwd PE 39.38
NCMI Price Earnings VS Forward Price EarningsNCMI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40

4.2 Price Multiples

NCMI's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, NCMI is valued a bit cheaper than 68.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.57
EV/EBITDA 21.07
NCMI Per share dataNCMI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

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.
NCMI's earnings are expected to grow with 45.25% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y60.97%
EPS Next 3Y45.25%

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3

5. Dividend

5.1 Amount

NCMI has a Yearly Dividend Yield of 2.42%. Purely for dividend investing, there may be better candidates out there.
NCMI's Dividend Yield is a higher than the industry average which is at 5.08.
NCMI's Dividend Yield is comparable with the S&P500 average which is at 2.40.
Industry RankSector Rank
Dividend Yield 2.42%

5.2 History

The dividend of NCMI decreases each year by -81.95%.
NCMI has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-81.95%
Div Incr Years0
Div Non Decr Years0
NCMI Yearly Dividends per shareNCMI Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2025 20 40 60 80

5.3 Sustainability

DP0%
EPS Next 2Y60.97%
EPS Next 3Y45.25%
NCMI Yearly Income VS Free CF VS DividendNCMI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

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NATIONAL CINEMEDIA INC

NASDAQ:NCMI (5/28/2025, 3:08:01 PM)

5.355

-0.08 (-1.56%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)05-06 2025-05-06/amc
Earnings (Next)08-04 2025-08-04/amc
Inst Owners87.94%
Inst Owner Change1.1%
Ins Owners0.63%
Ins Owner Change4.28%
Market Cap504.98M
Analysts86
Price Target7.65 (42.86%)
Short Float %6.77%
Short Ratio6.7
Dividend
Industry RankSector Rank
Dividend Yield 2.42%
Yearly Dividend0
Dividend Growth(5Y)-81.95%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-Date05-16 2025-05-16 (0.03)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-12.17%
Min EPS beat(2)-51.8%
Max EPS beat(2)27.45%
EPS beat(4)1
Avg EPS beat(4)-21.62%
Min EPS beat(4)-51.8%
Max EPS beat(4)27.45%
EPS beat(8)3
Avg EPS beat(8)-48.82%
EPS beat(12)5
Avg EPS beat(12)-13.42%
EPS beat(16)5
Avg EPS beat(16)-19.27%
Revenue beat(2)0
Avg Revenue beat(2)-0.58%
Min Revenue beat(2)-0.97%
Max Revenue beat(2)-0.19%
Revenue beat(4)2
Avg Revenue beat(4)3.21%
Min Revenue beat(4)-0.97%
Max Revenue beat(4)8.56%
Revenue beat(8)4
Avg Revenue beat(8)-4.18%
Revenue beat(12)6
Avg Revenue beat(12)-5.22%
Revenue beat(16)7
Avg Revenue beat(16)-8.15%
PT rev (1m)0%
PT rev (3m)-6.98%
EPS NQ rev (1m)-120.01%
EPS NQ rev (3m)-2102.1%
EPS NY rev (1m)-200%
EPS NY rev (3m)-120.63%
Revenue NQ rev (1m)-5.55%
Revenue NQ rev (3m)-10.39%
Revenue NY rev (1m)-3.74%
Revenue NY rev (3m)-7.31%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 39.38
P/S 2.12
P/FCF 13.57
P/OCF 11.97
P/B 1.36
P/tB 17
EV/EBITDA 21.07
EPS(TTM)-0.19
EYN/A
EPS(NY)0.14
Fwd EY2.54%
FCF(TTM)0.39
FCFY7.37%
OCF(TTM)0.45
OCFY8.36%
SpS2.53
BVpS3.93
TBVpS0.31
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -3.63%
ROE -4.94%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 47.84%
FCFM 15.61%
ROA(3y)38.89%
ROA(5y)20.67%
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 5YN/A
GM growth 3Y13.3%
GM growth 5Y-7.27%
F-Score4
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 11.82%
Cap/Sales 2.1%
Interest Coverage N/A
Cash Conversion 196.28%
Profit Quality N/A
Current Ratio 2.29
Quick Ratio 2.29
Altman-Z 3.48
F-Score4
WACC9.11%
ROIC/WACCN/A
Cap/Depr(3y)11.94%
Cap/Depr(5y)14.61%
Cap/Sales(3y)1.86%
Cap/Sales(5y)3.88%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)83.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%11.11%
EPS Next Y80.78%
EPS Next 2Y60.97%
EPS Next 3Y45.25%
EPS Next 5YN/A
Revenue 1Y (TTM)42.1%
Revenue growth 3Y28.08%
Revenue growth 5Y-11.55%
Sales Q2Q%-6.68%
Revenue Next Year9.33%
Revenue Next 2Y10.78%
Revenue Next 3Y9.34%
Revenue Next 5YN/A
EBIT growth 1Y-6.67%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year297.69%
EBIT Next 3Y72.26%
EBIT Next 5YN/A
FCF growth 1Y325.46%
FCF growth 3YN/A
FCF growth 5Y-15.91%
OCF growth 1Y417.29%
OCF growth 3YN/A
OCF growth 5Y-15.93%