IMAX : NYSE : Services
$23.1 up 0.2 | 0.87%
Today's Range: 22.85 - 23.375
Avg. Daily Volume: 1342900.0
09/22/17 - 4:02 PM ET

Financial Analysis


IMAX CORP's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry.

During the same period, stockholders' equity ("net worth") has decreased by 9.53% from the same quarter last year.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)87.7691.74
EBITDA ($mil)21.8420.15
EBIT ($mil)13.4713.0
Net Income ($mil)-1.716.02


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)158.24228.08
Total Assets ($mil)840.39866.74
Total Debt ($mil)26.3428.3
Equity ($mil)514.72568.95


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin65.0162.04
EBITDA Margin24.8821.96
Operating Margin15.3514.17
Sales Turnover0.420.45
Return on Assets1.175.58
Return on Equity1.918.51
Debt Q2 FY17 Q2 FY16
Current Ratio0.00.0
Debt/Capital0.050.05
Interest Expense0.440.46
Interest Coverage30.9728.38


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)64.7267.11
Div / share0.00.0
EPS-0.030.09
Book value / share7.958.48
Institutional Own % n/a n/a
Avg Daily Volume1351210.01198268.0

Valuation


HOLD. IMAX CORP's P/E ratio indicates a significant premium compared to an average of 50.54 for the Media industry and a significant premium compared to the S&P 500 average of 24.88. For additional comparison, its price-to-book ratio of 2.64 indicates a discount versus the S&P 500 average of 3.10 and a discount versus the industry average of 3.63. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
IMAX 150.00 Peers 50.54   IMAX 17.29 Peers 10.66

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 21.32 Peers 33.09   IMAX 2.74 Peers 4.14

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

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

 

Discount. 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 discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
IMAX 2.64 Peers 3.63   IMAX -79.72 Peers 31.06

Discount. 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 significant discount to 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 3.88 Peers 21.81   IMAX -9.90 Peers 20.81

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 significant 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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