IMAX : NYSE : Services
$31.65 up 0.2 | 0.64%
Today's Range: 31.2 - 31.725
Avg. Daily Volume: 785600.0
01/19/17 - 4:02 PM ET

Financial Analysis


IMAX CORP's gross profit margin for the third quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased.

At the same time, stockholders' equity ("net worth") has greatly increased by 39.59% from the same quarter last year.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)86.5585.1
EBITDA ($mil)16.3620.23
EBIT ($mil)8.9513.9
Net Income ($mil)2.538.61


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)218.1117.36
Total Assets ($mil)859.3713.82
Total Debt ($mil)27.8122.28
Equity ($mil)567.8406.76


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin59.8356.74
EBITDA Margin18.923.77
Operating Margin10.3416.34
Sales Turnover0.450.5
Return on Assets4.927.61
Return on Equity7.4513.36
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Debt/Capital0.050.05
Interest Expense0.470.46
Interest Coverage19.0830.03


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)66.8169.14
Div / share0.00.0
EPS0.040.12
Book value / share8.55.88
Institutional Own % n/a n/a
Avg Daily Volume889684.0862926.0

Valuation


BUY. IMAX CORP's P/E ratio indicates a significant premium compared to an average of 30.44 for the Media industry and a significant premium compared to the S&P 500 average of 25.49. For additional comparison, its price-to-book ratio of 3.87 indicates a premium versus the S&P 500 average of 2.84 and a premium versus the industry average of 3.52. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, IMAX CORP proves to trade at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
IMAX 53.85 Peers 30.44   IMAX 25.77 Peers 11.62

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

IMAX is trading at a significant premium to its peers.

 

Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

IMAX is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
IMAX 25.87 Peers 79.83   IMAX 28.05 Peers 2.49

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

IMAX is trading at a significant discount to its peers.

 

Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

IMAX trades at a significant premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
IMAX 3.87 Peers 3.52   IMAX -19.74 Peers 58.62

Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

IMAX is trading at a valuation on par with its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, IMAX is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
IMAX 5.63 Peers 6.61   IMAX 9.19 Peers 16.44

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

IMAX is trading at a discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

IMAX significantly trails its peers on the basis of sales growth

 

 

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