NATIONAL CINEMEDIA INC (NCMI) Stock Fundamental Analysis
NASDAQ:NCMI - Nasdaq - US6353092066 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to NCMI. NCMI was compared to 97 industry peers in the Media industry. NCMI has a great financial health rating, but its profitability evaluates not so good. NCMI is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year NCMI has reported negative net income.
In the past year NCMI had a positive cash flow from operations.
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 has a Return On Assets (-3.63%) which is in line with its industry peers.
NCMI has a Return On Equity (-4.94%) which is in line with its industry peers.
| 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
Looking at the Gross Margin, with a value of 47.84%, NCMI is in line with its industry, outperforming 57.73% of the companies in the same 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 | 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.
Compared to 1 year ago, NCMI has less shares outstanding
The number of shares outstanding for NCMI has been increased compared to 5 years ago.
Compared to 1 year ago, NCMI has about the same debt to assets ratio.
2.2 Solvency
NCMI has an Altman-Z score of 3.23. This indicates that NCMI is financially healthy and has little risk of bankruptcy at the moment.
NCMI's Altman-Z score of 3.23 is amongst the best of the industry. NCMI outperforms 81.44% of its industry peers.
NCMI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 3.23 |
ROIC/WACCN/A
WACC8.94%
2.3 Liquidity
A Current Ratio of 2.29 indicates that NCMI has no problem at all paying its short term obligations.
NCMI has a better Current ratio (2.29) than 74.23% 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 74.23% of the companies in the same industry.
| 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.
Looking at the last year, NCMI shows a very strong growth in Revenue. 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.
NCMI is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.34% yearly.
EPS Next Y17.96%
EPS Next 2Y53.09%
EPS Next 3Y41.66%
EPS Next 5YN/A
Revenue Next Year7.11%
Revenue Next 2Y9.86%
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.
4. Valuation
4.1 Price/Earnings Ratio
NCMI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 60.72, the valuation of NCMI can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NCMI is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 37.13. NCMI is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 60.72 |
4.2 Price Multiples
NCMI's Enterprise Value to EBITDA ratio is in line with the industry average.
73.20% of the companies in the same industry are more expensive than NCMI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.17 | ||
| EV/EBITDA | 18.49 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive 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 2Y53.09%
EPS Next 3Y41.66%
5. Dividend
5.1 Amount
NCMI has a Yearly Dividend Yield of 2.35%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.69, NCMI pays a bit more dividend than its industry peers.
NCMI's Dividend Yield is comparable with the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.35% |
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 2Y53.09%
EPS Next 3Y41.66%
4.8
-0.05 (-1.03%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners89.64%
Inst Owner Change-0.11%
Ins Owners0.91%
Ins Owner Change2.54%
Market Cap452.64M
Analysts83.64
Price Target7.24 (50.83%)
Short Float %7.71%
Short Ratio11.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.35% |
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)-1.39%
PT rev (3m)-5.33%
EPS NQ rev (1m)-41.38%
EPS NQ rev (3m)-207.53%
EPS NY rev (1m)-51.02%
EPS NY rev (3m)-526.96%
Revenue NQ rev (1m)-5.43%
Revenue NQ rev (3m)-10.5%
Revenue NY rev (1m)-1.4%
Revenue NY rev (3m)-5.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 60.72 | ||
| P/S | 1.9 | ||
| P/FCF | 12.17 | ||
| P/OCF | 10.73 | ||
| P/B | 1.22 | ||
| P/tB | 15.24 | ||
| EV/EBITDA | 18.49 |
EPS(TTM)-0.19
EYN/A
EPS(NY)0.08
Fwd EY1.65%
FCF(TTM)0.39
FCFY8.22%
OCF(TTM)0.45
OCFY9.32%
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 | 3.23 |
F-Score4
WACC8.94%
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 Y17.96%
EPS Next 2Y53.09%
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 Year7.11%
Revenue Next 2Y9.86%
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%