Announcement • Apr 09
Cineplex Inc. to Report Q1, 2026 Results on May 11, 2026 Cineplex Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 11, 2026 Announcement • Mar 25
Cineplex Inc., Annual General Meeting, Jun 03, 2026 Cineplex Inc., Annual General Meeting, Jun 03, 2026. Reported Earnings • Feb 12
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CA$0.57 loss per share (improved from CA$1.66 loss in FY 2024). Revenue: CA$1.28b (down 3.4% from FY 2024). Net loss: CA$36.9m (loss narrowed 65% from FY 2024). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 115%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Entertainment industry in North America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Jan 24
Cineplex Inc. Responds to Federal Court of Appeal Decision Cineplex Inc. announced the Federal Court of Appeal has upheld the Competition Tribal's September 2024 decision related to Cineplex's presentation of its online booking fee, including the $39 million administrative monetary penalty. Buy Or Sell Opportunity • Jan 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CA$10.44. The fair value is estimated to be CA$13.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has declined by 57%. Announcement • Jan 14
Cineplex Inc. to Report Q4, 2025 Results on Feb 11, 2026 Cineplex Inc. announced that they will report Q4, 2025 results on Feb 11, 2026 Announcement • Nov 22
Cineplex Announces That Wicked: For Good Is Set to Deliver A Magic Opening Weekend At the Box Office Cineplex announced that Wicked: For Good is set to deliver a magical opening weekend at the box office, achieving $4.7 million in pre-sales alone, a 52% increase over Wicked pre-sales in 2024. Cineplex guests can catch Wicked: For Good's breathtaking visuals, soaring music and emotional storytelling in premium formats including UltraAVX, VIP Cinemas, IMAX, D-BOX, 4DX, ScreenX and Real D 3D. Guests can also enrich their experience with Cineplex exclusive merchandise including the Glinda Bubble LED Popcorn Tub, Emerald City Popcorn Tub, The Grimmerie Popcorn Tin and Wicked themed GRIPPR cups. Cineplex VIP Cinemas guests can also enjoy Wicked: For Good themed cocktails like the Emerald City Twist and Popular Pinkunch, each available in limited edition cocktail cups. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: CA$0.023 (vs CA$0.39 loss in 3Q 2024) Third quarter 2025 results: EPS: CA$0.023 (up from CA$0.39 loss in 3Q 2024). Revenue: CA$348.9m (down 12% from 3Q 2024). Net income: CA$1.37m (up CA$26.1m from 3Q 2024). Profit margin: 0.4% (up from net loss in 3Q 2024). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in North America. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Oct 27
Cineplex Launches Monday Surprise Premieres Cineplex is bringing unbeatable value and excitement to moviegoers with the launch of Monday Surprise Premieres, a special event featuring an exclusive mystery screening of a major new release for just $8.99 (in-theatre price). Tickets purchased online are subject to an online booking fee up to $1.50. Cineclub members can use their free monthly ticket for this event. All prices are subject to taxes. On November 10, 2025, audiences can enjoy a surprise, new release film at select theatres across the country. The title of the film is only revealed once the lights go down. It's a brand new, un-released film. Announcement • Oct 10
Cineplex Inc. to Report Q3, 2025 Results on Nov 06, 2025 Cineplex Inc. announced that they will report Q3, 2025 results on Nov 06, 2025 Reported Earnings • Aug 13
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: CA$0.03 loss per share (improved from CA$0.34 loss in 2Q 2024). Revenue: CA$361.8m (up 31% from 2Q 2024). Net loss: CA$2.20m (loss narrowed 90% from 2Q 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Entertainment industry in North America. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 15
Cineplex Inc. to Report Q2, 2025 Results on Aug 12, 2025 Cineplex Inc. announced that they will report Q2, 2025 results on Aug 12, 2025 Announcement • May 22
Cineplex Inc. Elects Rania Llewellyn as Director Cineplex Inc. at its Annual and Special Meeting of Shareholders held on May 21, 2025, elected Rania Llewellyn as a director of the Company. Reported Earnings • May 09
First quarter 2025 earnings released: CA$0.58 loss per share (vs CA$0.99 loss in 1Q 2024) First quarter 2025 results: CA$0.58 loss per share (improved from CA$0.99 loss in 1Q 2024). Revenue: CA$264.3m (down 10% from 1Q 2024). Net loss: CA$36.6m (loss narrowed 42% from 1Q 2024). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in North America. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Apr 10
Cineplex Inc. to Report Q1, 2025 Results on May 09, 2025 Cineplex Inc. announced that they will report Q1, 2025 results on May 09, 2025 Buy Or Sell Opportunity • Apr 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to CA$8.88. The fair value is estimated to be CA$11.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 12
Cineplex Inc., Annual General Meeting, May 21, 2025 Cineplex Inc., Annual General Meeting, May 21, 2025. Reported Earnings • Feb 11
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: CA$1.66 loss per share (down from CA$2.18 profit in FY 2023). Revenue: CA$1.33b (down 4.2% from FY 2023). Net loss: CA$105.7m (down 177% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 63%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Entertainment industry in North America. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 03
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at CA$10.68. The fair value is estimated to be CA$13.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jan 14
Cineplex Inc. to Report Q4, 2024 Results on Feb 11, 2025 Cineplex Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Feb 11, 2025 Recent Insider Transactions • Dec 26
Independent Director recently sold CA$81k worth of stock On the 23rd of December, Sarabjit Marwah sold around 7k shares on-market at roughly CA$12.46 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$104k more than they sold in the last 12 months. Buy Or Sell Opportunity • Nov 27
Now 22% overvalued Over the last 90 days, the stock has fallen 1.0% to CA$10.78. The fair value is estimated to be CA$8.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 07
Third quarter 2024 earnings: Revenues exceed analyst expectations Third quarter 2024 results: Revenue: CA$395.6m (down 15% from 3Q 2023). Net loss: CA$24.7m (down 183% from profit in 3Q 2023). Revenue exceeded analyst estimates by 2.8%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Entertainment industry in North America. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Oct 09
Cineplex Inc. to Report Q3, 2024 Results on Nov 06, 2024 Cineplex Inc. announced that they will report Q3, 2024 results on Nov 06, 2024 Reported Earnings • Aug 11
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: CA$0.33 loss per share (down from CA$2.79 profit in 2Q 2023). Revenue: CA$277.3m (down 35% from 2Q 2023). Net loss: CA$21.3m (down 112% from profit in 2Q 2023). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Entertainment industry in North America. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jul 18
Consensus EPS estimates fall by 239% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CA$1.36b to CA$1.35b. Losses expected to increase from CA$0.18 per share to CA$0.61. Entertainment industry in Canada expected to see average net income growth of 56% next year. Consensus price target broadly unchanged at CA$12.50. Share price rose 4.7% to CA$8.87 over the past week. Announcement • Jul 09
Cineplex Inc. to Report Q2, 2024 Results on Aug 09, 2024 Cineplex Inc. announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 44% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 44% per year for the foreseeable future. Reported Earnings • May 09
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: CA$0.98 loss per share (further deteriorated from CA$0.48 loss in 1Q 2023). Revenue: CA$294.8m (down 14% from 1Q 2023). Net loss: CA$63.0m (loss widened 109% from 1Q 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Entertainment industry in Canada. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Apr 13
Cineplex Inc. to Report Q1, 2024 Results on May 09, 2024 Cineplex Inc. announced that they will report Q1, 2024 results on May 09, 2024 Buy Or Sell Opportunity • Mar 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CA$7.37. The fair value is estimated to be CA$9.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 0.3% in a year. Earnings are forecast to decline by 70% in the next year. Recent Insider Transactions • Mar 24
Chief Operating Officer recently bought CA$75k worth of stock On the 21st of March, Dan McGrath bought around 10k shares on-market at roughly CA$7.51 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Dan's only on-market trade for the last 12 months. Announcement • Mar 19
Cineplex Inc., Annual General Meeting, May 22, 2024 Cineplex Inc., Annual General Meeting, May 22, 2024. New Risk • Feb 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Negative equity (-CA$39m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Feb 09
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CA$2.18 (up from CA$0.002 in FY 2022). Revenue: CA$1.39b (up 9.5% from FY 2022). Net income: CA$138.1m (up CA$137.9m from FY 2022). Profit margin: 9.9% (up from 0% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 104%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Entertainment industry in Canada. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to CA$7.67. The fair value is estimated to be CA$9.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 1.3% in a year. Earnings are forecast to decline by 15% in the next year. Announcement • Feb 02
OpenGate Capital, LLC acquired Player One Amusement Group Inc. from Cineplex Inc. (TSX:CGX). OpenGate Capital, LLC signed a definitive agreement to acquire Player One Amusement Group Inc. from Cineplex Inc. (TSX:CGX) for approximately CAD 160 million on November 22, 2023. The consideration is subject to certain closing adjustments. The Transaction is expected to close in the first quarter of 2024 and is subject to regulatory approvals and other customary closing conditions. Scotiabank and TD Securities are serving as financial advisors to Cineplex, and Goodmans LLP is serving as the Company’s legal advisor in connection with the Transaction.
OpenGate Capital, LLC completed the acquisition Player One Amusement Group Inc. from Cineplex Inc. (TSX:CGX) on February 1. 2024. Announcement • Jan 23
Slater Vecchio LLP Files Two Class Actions on Behalf of Canadians Against Cineplex Slater Vecchio LLP has filed two class actions on behalf of Canadians against Cineplex for failing to disclose at the outset of the ticket purchasing process the online booking fee that Cineplex charges on online ticket purchases. The two actions are filed on behalf of all Canadians who purchased a Cineplex movie ticket and were charged an online booking fee. The class actions filed by Slater Vecchio LLP allege that Cineplex did not disclose in a transparent and meaningful way during the purchasing process that consumers, those who are not members of Cineplex's CineClub, would be charged a $1.00 or $1.50 online booking fee for booking their movie tickets through Cineplex's website or mobile application. Through these lawsuits, consumers seek repayment of the online booking fees, plus taxes on those fees, that they paid to Cineplex. Major Estimate Revision • Jan 16
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CA$1.35 to CA$1.15 per share. Revenue forecast steady at CA$1.60b. Net income forecast to shrink 20% next year vs 28% growth forecast for Entertainment industry in Canada . Consensus price target broadly unchanged at CA$13.08. Share price was steady at CA$8.14 over the past week. Announcement • Jan 09
Cineplex Inc. to Report Q4, 2023 Results on Feb 08, 2024 Cineplex Inc. announced that they will report Q4, 2023 results on Feb 08, 2024 Announcement • Nov 24
OpenGate Capital, LLC signed a definitive agreement to acquire Player One Amusement Group Inc. from Cineplex Inc. (TSX:CGX) for approximately CAD 160 million. OpenGate Capital, LLC signed a definitive agreement to acquire Player One Amusement Group Inc. from Cineplex Inc. (TSX:CGX) for approximately CAD 160 million on November 22, 2023. The consideration is subject to certain closing adjustments. The Transaction is expected to close in the first quarter of 2024 and is subject to regulatory approvals and other customary closing conditions. Scotiabank and TD Securities are serving as financial advisors to Cineplex, and Goodmans LLP is serving as the Company’s legal advisor in connection with the Transaction. Reported Earnings • Nov 11
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CA$0.47 (down from CA$0.49 in 3Q 2022). Revenue: CA$463.6m (up 36% from 3Q 2022). Net income: CA$29.7m (down 3.6% from 3Q 2022). Profit margin: 6.4% (down from 9.1% in 3Q 2022). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Entertainment industry in Canada. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Oct 06
Cineplex Inc. to Report Q3, 2023 Results on Nov 09, 2023 Cineplex Inc. announced that they will report Q3, 2023 results on Nov 09, 2023 Buying Opportunity • Sep 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be CA$10.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Aug 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be CA$10.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 73% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Negative equity (-CA$63m). Earnings are forecast to decline by an average of 73% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CA$1.99 (vs CA$0.021 in 2Q 2022) Second quarter 2023 results: EPS: CA$1.99 (up from CA$0.021 in 2Q 2022). Revenue: CA$423.1m (up 21% from 2Q 2022). Net income: CA$176.5m (up CA$175.2m from 2Q 2022). Profit margin: 42% (up from 0.4% in 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Entertainment industry in Canada. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
Cineplex Inc. to Report Q2, 2023 Results on Aug 10, 2023 Cineplex Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 12
First quarter 2023 earnings released: CA$0.48 loss per share (vs CA$0.67 loss in 1Q 2022) First quarter 2023 results: CA$0.48 loss per share (improved from CA$0.67 loss in 1Q 2022). Revenue: CA$341.0m (up 49% from 1Q 2022). Net loss: CA$30.2m (loss narrowed 28% from 1Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Entertainment industry in Canada. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 07
Full year 2022 earnings: Revenues in line with analyst expectations Full year 2022 results: Revenue: CA$1.27b (up 93% from FY 2021). Net income: CA$113.0k (up CA$248.8m from FY 2021). Profit margin: 0% (up from net loss in FY 2021). Revenue was in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Entertainment industry in Canada. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Jan 13
Cineplex Inc. to Report Q4, 2022 Results on Feb 07, 2023 Cineplex Inc. announced that they will report Q4, 2022 results on Feb 07, 2023 Buying Opportunity • Dec 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.9%. The fair value is estimated to be CA$11.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Chair Phyllis Yaffe was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: CA$0.49 (up from CA$0.53 loss in 3Q 2021). Revenue: CA$339.8m (up 36% from 3Q 2021). Net income: CA$30.9m (up CA$64.4m from 3Q 2021). Profit margin: 9.1% (up from net loss in 3Q 2021). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in Canada. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Recent Insider Transactions • Sep 28
Executive VP & MD of Cineplex Media recently bought CA$61k worth of stock On the 21st of September, Fabrizio Stanghieri bought around 7k shares on-market at roughly CA$9.37 per share. This transaction increased Fabrizio's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$127k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 12
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: CA$0.021 (up from CA$1.64 loss in 2Q 2021). Revenue: CA$349.9m (up 439% from 2Q 2021). Net income: CA$1.31m (up CA$105.0m from 2Q 2021). Profit margin: 0.4% (up from net loss in 2Q 2021). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 70%. Over the next year, revenue is forecast to grow 31%, compared to a 23% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Buying Opportunity • Aug 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 10.0%. The fair value is estimated to be CA$14.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 39% over the last 3 years. Meanwhile, the company became loss making. Major Estimate Revision • Jul 20
Consensus EPS estimates fall by 2,800% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CA$1.46b to CA$1.43b. Losses expected to increase from CA$0.01 per share to CA$0.29. Entertainment industry in Canada expected to see average net income decline 0.8% next year. Consensus price target down from CA$17.75 to CA$17.17. Share price rose 6.2% to CA$11.60 over the past week. Board Change • Jul 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Chair Phyllis Yaffe was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Mar 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CA$1.40b to CA$1.42b. Forecast EPS reduced from -CA$0.89 to -CA$1.80 per share. Entertainment industry in Canada expected to see average net income decline 2.1% next year. Consensus price target of CA$17.79 unchanged from last update. Share price was steady at CA$13.49 over the past week. Board Change • Feb 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Chair Phyllis Yaffe was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 12
Cineplex Announces the Launch of CineClub Cineplex announced the launch of CineClub, a first of its kind movie subscription program in Canada. As movie lovers rejoice in the return to the big screen, CineClub delivers an even more affordable and convenient way to get back to the theatre experience that they've missed for so long. For just $9.99 (plus tax) a month, CineClub members receive one regular admission ticket every month with no expiration date, additional tickets at the member price of $9.99, as well as discounts on concessions, purchases at the Cineplex Store and on amusement gaming at entertainment venues, The Rec Room and Playdium. CineClub is a unique, entertainment offering for guests looking to reconnect and recharge with family and friends at one of Cineplex's 161 theatres across the country. Access to CineClub membership is offered exclusively to new and existing SCENE members – whether they are an opening night die-hard, big screen buff or rom-com sap, CineClub is the right fit! For $9.99 a month plus applicable provincial taxes, CineClub members receive: One monthly regular admission CineClub Member ticket that rolls over and never expires for active members. One companion ticket for $9.99 with the CineClub member ticket. The ability to purchase up to two CineClub-priced tickets for $9.99 per showtime for additional theatre visits at anytime during the month, 20% discount off concessions (excluding alcoholic beverages) 10% discount off purchases made at the Cineplex Store. 20% discount off amusement gaming at The Rec Room and Playdium locations across Canada. In addition to receiving discounts at Cineplex theatres across the country, CineClub members also benefit from discounts at The Rec Room and Playdium. Cineplex operates 10 locations of The Rec Room nationwide – Canada's destination for food and fun, with half of the space devoted to dining and live entertainment and the other half devoted to amusement games and feature attractions. Cineplex also operates Playdium, an entertainment complex designed for teens, their friends and family, with two locations in Ontario and one in Nova Scotia. Movie-goers will be able to focus on the magic of the big screen with VenueSafeTM, a set of protocols and procedures that Cineplex follows each and every day to keep employees and guests safe, in accordance with provincial guidelines. Committed to guests' safe escape, these protocols include enhanced cleaning and safety signage throughout the facility. Announcement • Jun 30
Cineplex Introduces Mighty Pop Cineplex introduced Canadians to Mighty Pop: an extra, extra, extra, extra, extra large popcorn equivalent to five Cineplex large bags. Available exclusively through SkipTheDishes and Uber Eats, Mighty Pop is guaranteed fresh in its own resealable bag and retails for $25.99 plus applicable taxes. Mighty Pop is an Insta-worthy snacking experience that's perfect for backyard parties, BBQs and celebrations – and of course your next mighty movie marathon. Announcement • May 07
Cineplex Inc. Declares Nil Dividends for the First Quarter of 2021 Cineplex Inc. declared dividends per common share of the company were nil in the first quarter of 2021 and $0.15 in the prior year period. Cineplex declared dividends per Share of $0.00 and $1.50, respectively, in each 12 month period. Announcement • Jan 28
Cineplex Inc. to Report Q4, 2020 Results on Feb 11, 2021 Cineplex Inc. announced that they will report Q4, 2020 results on Feb 11, 2021 Announcement • Nov 21
Cineplex and Universal Filmed Entertainment Group (UFEG) Announces a Multi-Year Agreement for Theatrical Exclusivity Windows in the Canadian Market Cineplex and Universal Filmed Entertainment Group (UFEG) announced a multi-year agreement for theatrical exclusivity windows in the Canadian market. This new dynamic window agreement between the two companies preserves the theatrical experience, while adapting to changing consumer behaviour, particularly as the world and the entertainment industry navigate the effects of the COVID-19 pandemic. The two companies are committed to creating a sustainable model for years to come. Similar to the agreements that Universal has established with other major exhibitors, coming into effect immediately, the agreement guarantees at least three full weekends (17 days) of theatrical exclusivity for all Universal Pictures and Focus Features theatrical releases, at which point the studio will have the option to make its titles available across premium video on demand (PVOD) platforms, including the Cineplex Store. Under the terms of the deal, any title that has a North American opening weekend box office of $50 million or more, including franchise titles, will play exclusively in theatres for at least five full weekends (31 days) before the title can be made available on PVOD. Announcement • Nov 14
Cineplex Inc. Announces Board Changes Cineplex Inc. announced the appointment and return of Phyllis Yaffe to the Board of Directors. Ms. Yaffe returned to the role of Board Chair, replacing Ian Greenberg who did not stand for re-election at the Annual Special Meeting of shareholders in October 2020. Announcement • Sep 26
Playfly Sports acquired WorldGaming Network LP from Cineplex Inc. (TSX:CGX). Playfly Sports acquired WorldGaming Network LP from Cineplex Inc. (TSX:CGX) on September 17, 2020. As per the transaction, Playfly Sports will indirectly acquire WorldGaming Network's subsidiary Collegiate StarLeague. In a related transaction, Playfly Sports along with Michael Schreiber, Access Holdings and Sinclair Broadcast Group acquired OUTFRONT Media Sports LLC. Both Collegiate StarLeague and WorldGaming Network will continue to operate under their brands and will be powered by Playfly Sports. Collegiate StarLeague and its college services division, CSL Esports, will operate as a subsidiary of Playfly Sports. World Gaming Network will too, operate as a subsidiary of Playfly Sports. Rob Johnson, was named Chief Executive Officer of the new Playfly Sports esports division. Rob will begin his new role in Philadelphia on October 5, 2020. Wim Stocks will serve as Chairman of Playfly Sports’ new esports entity.
Playfly Sports completed the acquisition of WorldGaming Network LP from Cineplex Inc. (TSX:CGX) on September 17, 2020. Announcement • Aug 15
Cineplex Inc. Declares No Dividend for the Second Quarter Cineplex Inc. declared no dividend for the second quarter 2020. Announcement • Jul 10
Cineplex Inc. to Report Q2, 2020 Results on Aug 14, 2020 Cineplex Inc. announced that they will report Q2, 2020 results at 11:15 AM, GMT Standard Time on Aug 14, 2020 Announcement • Jun 16
Cineplex Inc. Announces Theatre Reopening Plans Cineplex Inc. announced that it has been three months since Cineplex temporarily closed its network of theatres and entertainment venues in light of COVID-19 and government-imposed restrictions. During this time, Cineplex has been diligently preparing for their safe reopening with the health and safety of its employees and guests being its top priority. Cineplex has carefully reexamined all of its buildings and processes, so that when its theatres and entertainment venues reopen, it will have implemented a program with end-to-end health and safety protocols. At Cineplex's theatres specifically, it will also be launching reserved seating in all auditoriums across the country to ensure proper physical distancing between its guests. Cineplex is to see provincial governments begin to loosen restrictions on social gatherings, which will enable it to resume measured operations at its locations of The Rec Room this week in Winnipeg, Calgary and Edmonton. Cineplex is also working towards reopening six theatres in Alberta on June 26, 2020. In all markets where Cineplex is permitted by government and health authorities, it plans to reopen as many of its locations as it can on July 3, 2020 (or as soon thereafter as permitted by law). Cineplex has been able to maintain connections with its guests during the period of theatre and venue closures through its online Cineplex Store, as well as the SCENE loyalty program and food offerings delivered via Uber Eats and Skip the Dishes. The company will use these communication channels to ensure that its guests are aware when theatres and other venues are reopened, and the various measures put in place to ensure their safety while enjoying a long-deserved outing. The company also announced temporary layoffs of all part-time and full-time hourly employees. 