IMAX : NYSE : Services
$34.18 | %
Today's Range: 33.14 - 34.45
Avg. Daily Volume: 703,700
07/22/16 - 4:02 PM ET

Financial Analysis


IMAX CORP's gross profit margin for the second quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry.

At the same time, stockholders' equity ("net worth") has greatly increased by 31.31% from the same quarter last year.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)91.74107.16
EBITDA ($mil)22.8242.85
EBIT ($mil)15.6636.88
Net Income ($mil)7.7924.35


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)228.08146.38
Total Assets ($mil)866.74727.12
Total Debt ($mil)28.322.28
Equity ($mil)568.95433.28


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin62.0469.58
EBITDA Margin24.8739.98
Operating Margin17.0734.41
Sales Turnover0.450.46
Return on Assets5.586.95
Return on Equity8.5111.67
Debt Q2 FY16 Q2 FY15
Current Ratio0.00.0
Debt/Capital0.050.05
Interest Expense0.460.4
Interest Coverage34.1991.51


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)67.1170.15
Div / share0.00.0
EPS0.110.34
Book value / share8.486.18
Institutional Own % n/a n/a
Avg Daily Volume663957.0856516.0

Valuation


BUY. IMAX CORP's P/E ratio indicates a significant premium compared to an average of 23.15 for the Media industry and a significant premium compared to the S&P 500 average of 25.14. To use another comparison, its price-to-book ratio of 3.55 indicates a premium versus the S&P 500 average of 2.82 and a discount versus the industry average of 3.74. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, IMAX CORP seems to be trading 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 43.65 Peers 23.15   IMAX 20.42 Peers 19.56

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.

 

Average. 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 valuation on par 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 23.35 Peers 79.12   IMAX 1.70 Peers 1.34

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 3.55 Peers 3.74   IMAX -2.82 Peers -9.12

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.

 

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

IMAX is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
IMAX 5.21 Peers 3.74   IMAX 16.75 Peers 42.53

Premium. 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 premium to its industry.

 

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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