IMAX : NYSE : Services
$33.95 -0.05 | -0.15%
Today's Range: 33.85 - 34.075
Avg. Daily Volume: 798600.0
03/29/17 - 10:42 AM ET

Financial Analysis


IMAX CORP's gross profit margin for the fourth 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.

During the same period, stockholders' equity ("net worth") has decreased by 9.91% from the same quarter last year.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)106.91119.33
EBITDA ($mil)25.1741.78
EBIT ($mil)17.7135.17
Net Income ($mil)8.9522.49


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)204.76317.45
Total Assets ($mil)857.33931.02
Total Debt ($mil)27.3229.67
Equity ($mil)562.01623.89


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin58.2265.31
EBITDA Margin23.5435.01
Operating Margin16.5629.47
Sales Turnover0.440.4
Return on Assets3.355.99
Return on Equity5.128.95
Debt Q4 FY16 Q4 FY15
Current Ratio0.00.0
Debt/Capital0.050.05
Interest Expense0.480.49
Interest Coverage36.971.62


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)66.1669.67
Div / share0.00.0
EPS0.130.32
Book value / share8.498.95
Institutional Own % n/a n/a
Avg Daily Volume788371.0932053.0

Valuation


BUY. IMAX CORP's P/E ratio indicates a significant premium compared to an average of 21.44 for the Media industry and a significant premium compared to the S&P 500 average of 26.33. For additional comparison, its price-to-book ratio of 3.99 indicates a premium versus the S&P 500 average of 2.93 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 80.71 Peers 21.44   IMAX 28.80 Peers 11.87

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 25.20 Peers 46.00   IMAX 0.54 Peers 2.16

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.

 

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 3.99 Peers 3.52   IMAX -46.16 Peers 125.27

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

IMAX is trading at a premium 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 5.94 Peers 15.59   IMAX 0.94 Peers 19.59

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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