NATIONAL CINEMEDIA INC (NCMI) Stock Fundamental Analysis
NASDAQ:NCMI - Nasdaq - US6353092066 - Common Stock - Currency: USD
Overall NCMI gets a fundamental rating of 4 out of 10. We evaluated NCMI against 97 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. While showing a medium growth rate, NCMI is valued expensive at the moment.
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.
In multiple years NCMI reported negative operating cash flow during the last 5 years.
1.2 Ratios
NCMI's Return On Assets of -3.63% is in line compared to the rest of the industry. NCMI outperforms 41.24% of its industry peers.
The Return On Equity of NCMI (-4.94%) is comparable to the rest of the industry.
| Industry Rank | Sector 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
1.3 Margins
With a Gross Margin value of 47.84%, NCMI perfoms like the industry average, outperforming 57.73% of the companies in the same industry.
In the last couple of years the Gross Margin of NCMI has declined.
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 | 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%
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 reduced compared to 1 year ago.
NCMI has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NCMI has remained at the same level compared to a year ago.
2.2 Solvency
NCMI has an Altman-Z score of 3.39. This indicates that NCMI is financially healthy and has little risk of bankruptcy at the moment.
NCMI has a better Altman-Z score (3.39) than 81.44% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 3.39 |
ROIC/WACCN/A
WACC8.98%
2.3 Liquidity
A Current Ratio of 2.29 indicates that NCMI has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.29, NCMI is in the better half of the industry, outperforming 74.23% of the companies in the same industry.
NCMI has a Quick Ratio of 2.29. This indicates that NCMI is financially healthy and has no problem in meeting its short term obligations.
NCMI's Quick ratio of 2.29 is fine compared to the rest of the industry. NCMI outperforms 74.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.29 | ||
| Quick Ratio | 2.29 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 83.62% over the past year.
NCMI shows a strong growth in Revenue. In the last year, the Revenue has grown by 42.10%.
Measured over the past years, NCMI shows a very negative growth in Revenue. The Revenue has been decreasing by -11.55% on average per year.
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
NCMI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 41.66% yearly.
The Revenue is expected to grow by 9.34% on average over the next years. This is quite good.
EPS Next Y45.67%
EPS Next 2Y54.89%
EPS Next 3Y41.66%
EPS Next 5YN/A
Revenue Next Year8.64%
Revenue Next 2Y10.14%
Revenue Next 3Y9.34%
Revenue Next 5YN/A
3.3 Evolution
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.
With a Price/Forward Earnings ratio of 56.97, NCMI can be considered very expensive at the moment.
NCMI's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.27, NCMI is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 56.97 |
4.2 Price Multiples
NCMI's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NCMI indicates a somewhat cheap valuation: NCMI is cheaper than 70.10% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.26 | ||
| EV/EBITDA | 20.15 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as NCMI's earnings are expected to grow with 41.66% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y54.89%
EPS Next 3Y41.66%
5. Dividend
5.1 Amount
NCMI has a Yearly Dividend Yield of 2.28%. 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 4.95.
Compared to an average S&P500 Dividend Yield of 2.44, NCMI has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.28% |
5.2 History
The dividend of NCMI decreases each year by -81.95%.
NCMI has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-81.95%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y54.89%
EPS Next 3Y41.66%
5.23
+0.05 (+0.97%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners89.64%
Inst Owner Change1.11%
Ins Owners0.91%
Ins Owner Change4.31%
Market Cap493.19M
Analysts83.64
Price Target7.34 (40.34%)
Short Float %9.08%
Short Ratio9.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.28% |
Yearly Dividend0
Dividend Growth(5Y)-81.95%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)-4%
PT rev (3m)-9.05%
EPS NQ rev (1m)1.13%
EPS NQ rev (3m)-107.14%
EPS NY rev (1m)-182.71%
EPS NY rev (3m)-158.33%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)-3.42%
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)-5.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 56.97 | ||
| P/S | 2.07 | ||
| P/FCF | 13.26 | ||
| P/OCF | 11.69 | ||
| P/B | 1.33 | ||
| P/tB | 16.61 | ||
| EV/EBITDA | 20.15 |
EPS(TTM)-0.19
EYN/A
EPS(NY)0.09
Fwd EY1.76%
FCF(TTM)0.39
FCFY7.54%
OCF(TTM)0.45
OCFY8.56%
SpS2.53
BVpS3.93
TBVpS0.31
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 3.39 |
F-Score4
WACC8.98%
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 Y45.67%
EPS Next 2Y54.89%
EPS Next 3Y41.66%
EPS Next 5YN/A
Revenue 1Y (TTM)42.1%
Revenue growth 3Y28.08%
Revenue growth 5Y-11.55%
Sales Q2Q%-6.68%
Revenue Next Year8.64%
Revenue Next 2Y10.14%
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%