Financials IMAX Corporation

Equities

IMAX

CA45245E1097

Entertainment Production

Market Closed - Nyse 21:00:02 26/04/2024 BST 5-day change 1st Jan Change
17.15 USD -1.78% Intraday chart for IMAX Corporation +0.12% +14.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,252 1,061 1,054 820.6 816.8 902.5 - -
Enterprise Value (EV) 1 1,161 1,049 1,090 986.2 992.6 1,083 1,030 1,073
P/E ratio 26.9 x -7.42 x -46.9 x -36.7 x 32.7 x 30.6 x 18.8 x 17.5 x
Yield - - - - - - - -
Capitalization / Revenue 3.16 x 7.74 x 4.14 x 2.73 x 2.18 x 2.37 x 2.17 x 2.09 x
EV / Revenue 2.93 x 7.66 x 4.28 x 3.28 x 2.65 x 2.85 x 2.48 x 2.48 x
EV / EBITDA 7.77 x -80.1 x 15.9 x 11.7 x 7.75 x 8.05 x 6.81 x 6.69 x
EV / FCF 27.3 x -34.5 x -143 x - 19 x 401 x 15.2 x 8.33 x
FCF Yield 3.66% -2.89% -0.7% - 5.25% 0.25% 6.58% 12%
Price to Book 2.28 x 2.76 x 2.96 x 3.01 x 3.02 x 2.67 x 2.11 x 1.52 x
Nbr of stocks (in thousands) 61,291 58,861 59,082 55,973 54,377 52,622 - -
Reference price 2 20.43 18.02 17.84 14.66 15.02 17.15 17.15 17.15
Announcement Date 19/02/20 04/03/21 23/02/22 22/02/23 27/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 395.7 137 254.9 300.8 374.8 380.5 415.6 432.1
EBITDA 1 149.3 -13.1 68.64 84.46 128.2 134.6 151.3 160.3
EBIT 1 77.28 -121.8 10.98 -4.834 50.4 66.6 82.33 87.99
Operating Margin 19.53% -88.92% 4.31% -1.61% 13.45% 17.51% 19.81% 20.36%
Earnings before Tax (EBT) 1 75.34 -129.1 10.99 -9.769 46.12 59.01 76.43 82.52
Net income 1 46.87 -143.8 -22.33 -22.8 25.34 30.05 52.22 56.88
Net margin 11.84% -104.94% -8.76% -7.58% 6.76% 7.9% 12.57% 13.16%
EPS 2 0.7600 -2.430 -0.3800 -0.4000 0.4600 0.5600 0.9100 0.9775
Free Cash Flow 1 42.47 -30.36 -7.619 - 52.12 2.7 67.74 128.8
FCF margin 10.73% -22.16% -2.99% - 13.91% 0.71% 16.3% 29.8%
FCF Conversion (EBITDA) 28.44% - - - 40.67% 2.01% 44.77% 80.31%
FCF Conversion (Net income) 90.61% - - - 205.74% 8.98% 129.73% 226.38%
Dividend per Share 2 - - - - - - - -
Announcement Date 19/02/20 04/03/21 23/02/22 22/02/23 27/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 56.6 108.6 60.04 73.97 68.76 98.05 86.95 97.98 103.9 86.02 79.12 81.91 99.1 122 85.32
EBITDA 1 13.1 44.01 14.81 25.42 16.46 27.78 27.28 32.78 45.08 23.02 28.12 24.63 34.89 47.03 30.65
EBIT 1 -0.853 25.63 -8.032 -0.101 -4.238 -7.537 11.4 14.23 22.03 2.739 12.07 7.865 17.59 27.93 14.5
Operating Margin -1.51% 23.61% -13.38% -0.14% -6.16% -7.69% 13.11% 14.52% 21.21% 3.18% 15.25% 9.6% 17.75% 22.9% 17%
Earnings before Tax (EBT) 1 -1.942 24.53 -9.34 -1.118 -5.409 6.098 10.01 13.07 21.57 1.461 10.58 6.332 15.57 23.73 13.27
Net income 1 -8.378 10.1 -13.61 -2.851 -8.953 2.613 2.454 8.351 11.99 2.54 3.274 4.672 7.994 16.81 5.082
Net margin -14.8% 9.3% -22.67% -3.85% -13.02% 2.67% 2.82% 8.52% 11.54% 2.95% 4.14% 5.7% 8.07% 13.78% 5.96%
EPS 2 -0.1400 0.1700 -0.2300 -0.0500 -0.1600 0.0500 0.0400 0.1500 0.2200 0.0500 0.0600 0.0767 0.1683 0.3120 0.1300
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 28/10/21 23/02/22 28/04/22 28/07/22 31/10/22 22/02/23 27/04/23 26/07/23 25/10/23 27/02/24 25/04/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 36.4 166 176 181 127 171
Net Cash position 1 91.3 11.7 - - - - - -
Leverage (Debt/EBITDA) - - 0.5303 x 1.961 x 1.372 x 1.343 x 0.8403 x 1.064 x
Free Cash Flow 1 42.5 -30.4 -7.62 - 52.1 2.7 67.7 129
ROE (net income / shareholders' equity) 12.2% -24% -2.25% 1.04% 19.4% 21.4% 21% 18.9%
ROA (Net income/ Total Assets) 5.32% -15.2% -2.37% -2.68% 6.37% 4.98% 6.47% -
Assets 1 881.3 943.4 940.5 852.2 397.9 604.1 806.8 -
Book Value Per Share 2 8.950 6.540 6.020 4.860 4.970 6.420 8.140 11.30
Cash Flow per Share 2 2.220 -0.3300 1.200 1.450 2.200 1.820 2.530 2.680
Capex 1 7.42 0.7 3.59 8.42 6.49 9.48 11.4 9.49
Capex / Sales 1.88% 0.51% 1.41% 2.8% 1.73% 2.49% 2.74% 2.2%
Announcement Date 19/02/20 04/03/21 23/02/22 22/02/23 27/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
17.15 USD
Average target price
21.95 USD
Spread / Average Target
+27.99%
Consensus
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