Imax Corp
Find Ratings Reports
0.18 |
0.60%
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 ($mil) | 91.74 | 107.16 |
| EBITDA ($mil) | 22.82 | 42.85 |
| EBIT ($mil) | 15.66 | 36.88 |
| Net Income ($mil) | 7.79 | 24.35 |
| Balance Sheet | Q2 FY16 | Q2 FY15 |
|---|---|---|
| Cash & Equiv. ($mil) | 228.08 | 146.38 |
| Total Assets ($mil) | 866.74 | 727.12 |
| Total Debt ($mil) | 28.3 | 22.28 |
| Equity ($mil) | 568.95 | 433.28 |
| Profitability | Q2 FY16 | Q2 FY15 |
|---|---|---|
| Gross Profit Margin | 62.04 | 69.58 |
| EBITDA Margin | 24.87 | 39.98 |
| Operating Margin | 17.07 | 34.41 |
| Sales Turnover | 0.45 | 0.46 |
| Return on Assets | 5.58 | 6.95 |
| Return on Equity | 8.51 | 11.67 |
| Debt | Q2 FY16 | Q2 FY15 |
|---|---|---|
| Current Ratio | 0.0 | 0.0 |
| Debt/Capital | 0.05 | 0.05 |
| Interest Expense | 0.46 | 0.4 |
| Interest Coverage | 34.19 | 91.51 |
| Share Data | Q2 FY16 | Q2 FY15 |
|---|---|---|
| Shares outstanding (mil) | 67.11 | 70.15 |
| Div / share | 0.0 | 0.0 |
| EPS | 0.11 | 0.34 |
| Book value / share | 8.48 | 6.18 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 790589.0 | 664913.0 |
BUY. IMAX CORP's P/E ratio indicates a significant premium compared to an average of 22.94 for the Media industry and a significant premium compared to the S&P 500 average of 25.19. For additional comparison, its price-to-book ratio of 3.47 indicates a premium versus the S&P 500 average of 2.82 and a premium versus the industry average of 3.20. 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 |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IMAX 42.58 | Peers 22.94 | IMAX 19.92 | Peers 11.47 | |||||||||||||||||||||
|
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. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| IMAX 23.13 | Peers 23.61 | IMAX 2.89 | Peers 1.19 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. IMAX is trading at a significant premium 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. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| IMAX 3.47 | Peers 3.20 | IMAX -2.82 | Peers 15.62 | |||||||||||||||||||||
|
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. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| IMAX 5.08 | Peers 6.85 | IMAX 16.75 | Peers 12.04 | |||||||||||||||||||||
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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. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. IMAX has a sales growth rate that significantly exceeds its peers. |
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