NATIONAL CINEMEDIA INC (NCMI) Stock Fundamental Analysis
NASDAQ:NCMI - Nasdaq - US6353092066 - Common Stock - Currency: USD
Taking everything into account, NCMI scores 4 out of 10 in our fundamental rating. NCMI was compared to 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. NCMI is not valued too expensively and it also shows 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.
NCMI had negative earnings in 4 of the past 5 years.
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
The Gross Margin of NCMI (47.84%) 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 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.
The number of shares outstanding for NCMI has been increased compared to 5 years ago.
The debt/assets ratio for NCMI has remained at the same level compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.31 indicates that NCMI is not in any danger for bankruptcy at the moment.
NCMI has a Altman-Z score of 3.31. This is amongst the best in the industry. NCMI outperforms 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 | 3.31 |
ROIC/WACCN/A
WACC9.06%
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.
A Quick Ratio of 2.29 indicates that NCMI has no problem at all paying its short term obligations.
NCMI has a better Quick ratio (2.29) than 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.
Looking at the last year, NCMI shows a very strong growth in Revenue. The Revenue has grown by 42.10%.
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.
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.
NCMI is valuated quite expensively with a Price/Forward Earnings ratio of 38.90.
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 22.30. NCMI is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 38.9 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NCMI is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, NCMI is valued a bit cheaper than the industry average as 71.13% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.41 | ||
| EV/EBITDA | 19.36 |
4.3 Compensation for Growth
NCMI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as NCMI's earnings are expected to grow with 45.25% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y60.97%
EPS Next 3Y45.25%
5. Dividend
5.1 Amount
NCMI has a Yearly Dividend Yield of 2.24%.
NCMI's Dividend Yield is a higher than the industry average which is at 4.94.
NCMI's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.24% |
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
5.3 Sustainability
DP0%
EPS Next 2Y60.97%
EPS Next 3Y45.25%
5.29
+0.24 (+4.75%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners87.94%
Inst Owner Change1.11%
Ins Owners0.63%
Ins Owner Change4.28%
Market Cap498.85M
Analysts86
Price Target7.65 (44.61%)
Short Float %8.58%
Short Ratio8.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.24% |
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 | 38.9 | ||
| P/S | 2.09 | ||
| P/FCF | 13.41 | ||
| P/OCF | 11.82 | ||
| P/B | 1.35 | ||
| P/tB | 16.8 | ||
| EV/EBITDA | 19.36 |
EPS(TTM)-0.19
EYN/A
EPS(NY)0.14
Fwd EY2.57%
FCF(TTM)0.39
FCFY7.46%
OCF(TTM)0.45
OCFY8.46%
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 | 3.31 |
F-Score4
WACC9.06%
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%