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 96 industry peers in the Media industry. NCMI has a great financial health rating, but its profitability evaluates not so good. NCMI has a decent growth rate and is not valued too expensively.
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 has a Return On Assets (-3.63%) which is comparable to the rest of the 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 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
NCMI has a Gross Margin (47.84%) which is in line with its industry peers.
NCMI's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for NCMI so they could not be analyzed.
| 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.
NCMI has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, NCMI has more shares outstanding
Compared to 1 year ago, NCMI has about the same debt to assets ratio.
2.2 Solvency
NCMI has an Altman-Z score of 3.25. This indicates that NCMI is financially healthy and has little risk of bankruptcy at the moment.
NCMI has a Altman-Z score of 3.25. 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 3.25 |
ROIC/WACCN/A
WACC9.11%
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 better Current ratio (2.29) than 75.00% of its industry peers.
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.
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 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.
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
The Earnings Per Share is expected to grow by 45.25% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 9.34% on average over the next years. This is quite good.
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
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
NCMI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 40.00, which means the current valuation is very expensive for NCMI.
The rest of the industry has a similar Price/Forward Earnings ratio as NCMI.
NCMI is valuated expensively when we compare the Price/Forward Earnings ratio to 21.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 40 |
4.2 Price Multiples
NCMI's Enterprise Value to EBITDA ratio is in line with the industry average.
70.83% 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 | 13.79 | ||
| EV/EBITDA | 18.71 |
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%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.42%, NCMI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.08, NCMI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, NCMI has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.42% |
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 2Y60.97%
EPS Next 3Y45.25%
5.44
+0.54 (+11.02%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners87.94%
Inst Owner Change1.1%
Ins Owners0.63%
Ins Owner Change4.28%
Market Cap512.99M
Analysts86
Price Target7.65 (40.63%)
Short Float %6.77%
Short Ratio6.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.42% |
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)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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 40 | ||
| P/S | 2.15 | ||
| P/FCF | 13.79 | ||
| P/OCF | 12.16 | ||
| P/B | 1.38 | ||
| P/tB | 17.27 | ||
| EV/EBITDA | 18.71 |
EPS(TTM)-0.19
EYN/A
EPS(NY)0.14
Fwd EY2.5%
FCF(TTM)0.39
FCFY7.25%
OCF(TTM)0.45
OCFY8.23%
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 | 3.25 |
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%