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Marcus

DB:3L1
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3L1
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. The last earnings update was 44 days ago. More info.


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3L1 Share Price and Events
7 Day Returns
-5.6%
DB:3L1
0.1%
DE Entertainment
0.8%
DE Market
1 Year Returns
35.4%
DB:3L1
13%
DE Entertainment
-4.5%
DE Market
3L1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Marcus (3L1) -5.6% -5.6% -11.3% 35.4% - -
DE Entertainment 0.1% 5.8% 11.1% 13% 34.4% 75.5%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • 3L1 outperformed the Entertainment industry which returned 13% over the past year.
  • 3L1 outperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
3L1
Industry
5yr Volatility vs Market

3L1 Value

 Is Marcus undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Marcus to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Marcus.

DB:3L1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:3L1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.963 (1 + (1- 21%) (23.4%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.094 * 5.96%)
6.75%

Discounted Cash Flow Calculation for DB:3L1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Marcus is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:3L1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.75%)
2019 63.39 Est @ 46.44% 59.38
2020 84.04 Est @ 32.58% 73.75
2021 103.27 Est @ 22.87% 84.89
2022 119.87 Est @ 16.08% 92.31
2023 133.45 Est @ 11.32% 96.26
2024 144.12 Est @ 8% 97.38
2025 152.28 Est @ 5.67% 96.39
2026 158.42 Est @ 4.03% 93.94
2027 163.01 Est @ 2.89% 90.54
2028 166.42 Est @ 2.09% 86.59
Present value of next 10 years cash flows $871.42
DB:3L1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $166.42 × (1 + 0.23%) ÷ (6.75% – 0.23%)
$2,556.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,556.99 ÷ (1 + 6.75%)10
$1,330.46
DB:3L1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $871.42 + $1,330.46
$2,201.88
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,201.88 / 30.84
$71.39
DB:3L1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3L1 represents 0.90302x of NYSE:MCS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90302x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 71.39 x 0.90302
€64.47
Value per share (EUR) From above. €64.47
Current discount Discount to share price of €33.43
= -1 x (€33.43 - €64.47) / €64.47
48.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Marcus is available for.
Intrinsic value
48%
Share price is €33.43 vs Future cash flow value of €64.47
Current Discount Checks
For Marcus to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Marcus's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Marcus's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Marcus's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Marcus's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3L1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-27) in USD $1.90
NYSE:MCS Share Price ** NYSE (2019-04-25) in USD $37.02
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.26x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Marcus.

DB:3L1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MCS Share Price ÷ EPS (both in USD)

= 37.02 ÷ 1.90

19.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marcus is overvalued based on earnings compared to the DE Entertainment industry average.
  • Marcus is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Marcus's expected growth come at a high price?
Raw Data
DB:3L1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
8.2%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.75x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

DB:3L1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.49x ÷ 8.2%

2.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marcus is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Marcus's assets?
Raw Data
DB:3L1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-27) in USD $17.28
NYSE:MCS Share Price * NYSE (2019-04-25) in USD $37.02
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.51x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:3L1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MCS Share Price ÷ Book Value per Share (both in USD)

= 37.02 ÷ 17.28

2.14x

* Primary Listing of Marcus.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Marcus is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Marcus's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
  5. Marcus has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

3L1 Future Performance

 How is Marcus expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Marcus expected to grow at an attractive rate?
  • Marcus's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Marcus's earnings growth is positive but not above the Germany market average.
  • Marcus's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3L1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3L1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 8.2%
DB:3L1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 13.1%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.9%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:3L1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3L1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 882 143 64 1
2019-12-31 833 146 54 3
2018-12-31 697 122 55 1
DB:3L1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-27 673 137 53
2018-09-27 664 135 79
2018-06-28 657 138 74
2018-03-29 625 95 65
2017-12-28 623 109 65
2017-09-28 600 89 39
2017-06-29 591 80 43
2017-03-30 573 98 42
2016-12-29 541 83 38
2016-09-29 571 118 46
2016-06-30 560 112 43
2016-03-31 563 126 43
2015-12-31 556 115 40

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Marcus's earnings are expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
  • Marcus's revenue is expected to grow by 13.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:3L1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Marcus Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3L1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.04 2.04 2.04 1.00
2019-12-31 1.74 1.75 1.73 2.00
2018-12-31 1.91 1.91 1.90 2.00
DB:3L1 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-27 1.90
2018-09-27 2.83
2018-06-28 2.65
2018-03-29 2.35
2017-12-28 2.34
2017-09-28 1.42
2017-06-29 1.54
2017-03-30 1.52
2016-12-29 1.38
2016-09-29 1.68
2016-06-30 1.55
2016-03-31 1.54
2015-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Marcus is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Marcus's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Marcus has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

3L1 Past Performance

  How has Marcus performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Marcus's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Marcus has delivered over 20% year on year earnings growth in the past 5 years.
  • Marcus's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Marcus's 1-year earnings growth is negative, it can't be compared to the DE Entertainment industry average.
Earnings and Revenue History
Marcus's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Marcus Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3L1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-27 672.84 53.39 107.64
2018-09-27 664.48 79.11 105.05
2018-06-28 656.79 73.86 104.90
2018-03-29 625.18 65.36 104.48
2017-12-28 622.71 65.00 104.50
2017-09-28 599.99 39.30 102.85
2017-06-29 590.87 42.69 99.01
2017-03-30 573.07 41.90 95.20
2016-12-29 540.56 37.90 91.55
2016-09-29 570.62 46.43 97.77
2016-06-30 559.82 42.93 96.85
2016-03-31 562.62 42.61 96.42
2015-12-31 555.89 40.40 96.47
2015-11-26 505.10 25.94 89.36
2015-08-27 505.49 26.21 88.42
2015-05-28 488.07 24.00 87.10
2015-02-26 476.46 25.00 85.01
2014-12-31 481.10 28.77 86.08
2014-11-27 466.15 25.98 83.06
2014-08-28 450.68 24.00 81.01
2014-05-29 447.94 25.00 80.32
2014-02-27 440.06 24.22 78.91
2013-11-28 423.88 18.78 78.48
2013-08-29 423.93 20.26 79.23
2013-05-30 412.84 17.51 77.26
2013-02-28 420.09 20.73 78.93
2012-11-29 418.49 22.84 77.09
2012-08-30 407.93 20.94 75.11
2012-05-31 413.90 22.73 74.62

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Marcus has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Marcus used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • Marcus's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Marcus's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Marcus has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

3L1 Health

 How is Marcus's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Marcus's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Marcus's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Marcus's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Marcus's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Marcus Company Filings, last reported 3 months ago.

DB:3L1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-27 490.12 267.15 22.42
2018-09-27 483.04 302.34 13.11
2018-06-28 467.09 317.43 18.07
2018-03-29 449.55 336.85 12.24
2017-12-28 445.12 337.68 20.30
2017-09-28 416.24 357.55 10.50
2017-06-29 407.83 349.82 11.67
2017-03-30 399.34 319.74 12.77
2016-12-29 391.65 316.09 5.17
2016-09-29 385.07 249.54 7.60
2016-06-30 371.79 257.14 8.41
2016-03-31 364.45 258.44 9.03
2015-12-31 365.70 246.04 6.67
2015-11-26 361.53 258.02 6.19
2015-08-27 358.18 269.61 5.79
2015-05-28 346.24 270.81 6.72
2015-02-26 344.69 266.70 6.40
2014-12-31
2014-11-27 343.64 269.21 9.10
2014-08-28 340.46 266.55 5.51
2014-05-29 329.98 268.83 6.78
2014-02-27 324.88 262.30 4.33
2013-11-28 328.33 265.19 12.60
2013-08-29 326.61 266.60 12.28
2013-05-30 316.70 275.58 10.16
2013-02-28 315.06 287.19 8.70
2012-11-29 341.41 267.94 9.81
2012-08-30 352.34 234.49 7.72
2012-05-31 343.79 239.87 6.02
  • Marcus's level of debt (54.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (80.8% vs 54.5% today).
  • Debt is well covered by operating cash flow (51.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.7x coverage).
X
Financial health checks
We assess Marcus's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Marcus has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

3L1 Dividends

 What is Marcus's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.73%
Current annual income from Marcus dividends.
If you bought €2,000 of Marcus shares you are expected to receive €35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Marcus's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Marcus's dividend is below the markets top 25% of dividend payers in Germany (3.67%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:3L1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:3L1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
DB:3L1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.640 1.579
2018-11-01 0.600 1.455
2018-08-02 0.600 1.478
2018-05-08 0.600 1.828
2018-02-21 0.600 2.009
2017-11-01 0.500 1.861
2017-08-02 0.500 1.897
2017-05-04 0.500 1.612
2017-02-22 0.500 1.583
2016-11-16 0.450 1.468
2016-08-03 0.450 1.838
2016-05-04 0.450 2.183
2016-04-28 0.450 2.296
2016-02-16 0.450 2.369
2016-01-05 0.420 2.294
2015-07-22 0.420 2.129
2015-04-16 0.420 2.126
2015-01-06 0.380 1.931
2014-10-01 0.380 2.287
2014-07-23 0.380 2.158
2014-04-08 0.380 2.167
2014-01-07 0.340 2.387
2013-10-17 0.340 2.425
2013-07-18 0.340 2.554
2012-12-06 0.340 2.682
2012-10-17 0.340 3.064
2012-07-18 0.340 2.751
2012-03-29 0.340 2.593
2012-01-10 0.340 2.741
2011-10-11 0.340 2.811
2011-07-14 0.340 3.586
2011-04-06 0.340 3.302
2011-01-06 0.340 2.857
2010-10-13 0.340 2.533
2010-07-20 0.340 2.868
2010-04-13 0.340 3.068
2010-01-12 0.340 2.810
2009-10-14 0.340 2.676
2009-07-07 0.340 2.667

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Marcus's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Marcus's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Marcus afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Marcus has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

3L1 Management

 What is the CEO of Marcus's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Marcus
COMPENSATION $2,930,386
AGE 53
TENURE AS CEO 10.3 years
CEO Bio

Mr. Gregory S. Marcus, also known as Greg, has been the President and Chief Executive Officer at The Marcus Corporation since January 8, 2008 and January 6, 2009 respectively. Mr. Marcus served as Senior Vice President of Corporate Development of The Marcus Corporation from 1999 to January 2009 and became an executive officer in July 2005. He joined The Marcus Corporation in March 1992 as Director of Property Management/Corporate Development and served in a number of positions. He also served at Sudler Marling and in the motion picture industry in California. Mr. Marcus is the Director of Columbia St. Mary's Inc. Mr. Marcus has been a Director at The Marcus Corporation since October 6, 2005. Mr. Marcus holds Bachelor’s Degree in Accounting from Indiana University in 1986 and a J.D. from Boston University School of Law in 1989.

CEO Compensation
  • Greg's compensation has been consistent with company performance over the past year.
  • Greg's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Marcus management team in years:

5.7
Average Tenure
58
Average Age
  • The average tenure for the Marcus management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Greg Marcus

TITLE
President
COMPENSATION
$3M
AGE
53
TENURE
10.3 yrs

Doug Neis

TITLE
Executive VP
COMPENSATION
$1M
AGE
59
TENURE
22.6 yrs

Tom Kissinger

TITLE
Senior EVP
COMPENSATION
$1M
AGE
58
TENURE
23.7 yrs

Rolando Rodriguez

TITLE
Executive Vice President
COMPENSATION
$2M
AGE
58
TENURE
5.7 yrs

Kim Lueck

TITLE
Chief Information Officer
TENURE
4.6 yrs

John Murray

TITLE
Vice President of Human Resources
TENURE
3 yrs

Bill Reynolds

TITLE
Senior Managing Director of MCS Capital LLC
AGE
69
TENURE
7.7 yrs

Jim Waldvogel

TITLE
MD for The Hilton Minneapolis/Bloomington Hotel & Crowne Plaza Minneapolis Northstar Downtown
TENURE
3.4 yrs

Joseph Khairallah

TITLE
President of Marcus Hotels & Resorts and Chief Operating Officer of Marcus Hotels & Resorts
TENURE
2.5 yrs

Steven Bartelt

TITLE
Director of Legal Affairs & Assistant Secretary
TENURE
5.7 yrs
Board of Directors Tenure

Average tenure and age of the Marcus board of directors in years:

23
Average Tenure
68.5
Average Age
  • The average tenure for the Marcus board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Steve Marcus

TITLE
Chairman of the Board
COMPENSATION
$1M
AGE
83
TENURE
27.3 yrs

Greg Marcus

TITLE
President
COMPENSATION
$3M
AGE
53
TENURE
13.5 yrs

Phil Milstein

TITLE
Lead Independent Director
COMPENSATION
$136K
AGE
69

Bud Selig

TITLE
Independent Director
COMPENSATION
$131K
AGE
83
TENURE
24.3 yrs

Brian Stark

TITLE
Independent Director
COMPENSATION
$139K
AGE
63
TENURE
7.3 yrs

Bruce Olson

TITLE
Director
COMPENSATION
$128K
AGE
68
TENURE
23 yrs

Diane Gershowitz

TITLE
Director
COMPENSATION
$255K
AGE
79
TENURE
34.3 yrs

Tim Hoeksema

TITLE
Independent Director
COMPENSATION
$131K
AGE
71
TENURE
24.3 yrs

Katherine Gehl

TITLE
Independent Director
COMPENSATION
$137K
AGE
54
TENURE
4.3 yrs

David Baum

TITLE
Independent Director
COMPENSATION
$136K
AGE
53
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 19 Sell Teton Advisors, Inc Company 18. Mar 19 18. Mar 19 -2,300 €35.73 €-82,171
19. Mar 19 Sell GAMCO Investors, Inc. Company 22. Jan 19 08. Mar 19 -34,900 €38.26 €-1,295,517
06. Feb 19 Sell Vss-Southern Holdings LLC Company 06. Feb 19 06. Feb 19 -1,725,000 €35.01 €-60,386,363
11. Jan 19 Sell Thomas Kissinger Individual 09. Jan 19 09. Jan 19 -2,850 €37.08 €-105,690
27. Nov 18 Sell PLM Foundation, Endowment Arm Company 27. Nov 18 27. Nov 18 -5,000 €37.48 €-187,389
18. Sep 18 Buy Teton Advisors, Inc Company 07. Sep 18 07. Sep 18 888 €35.62 €31,634
18. Sep 18 Sell GAMCO Investors, Inc. Company 30. Jul 18 17. Sep 18 -46,500 €36.02 €0
18. Sep 18 Buy GAMCO Investors, Inc. Company 31. Jul 18 31. Jul 18 400 €32.98 €0
07. Sep 18 Sell Thomas Kissinger Individual 05. Sep 18 05. Sep 18 -6,000 €35.63 €-213,764
05. Sep 18 Sell Rolando Rodriguez Individual 31. Aug 18 31. Aug 18 -10,450 €34.94 €-365,169
15. Aug 18 Sell PLM Foundation, Endowment Arm Company 14. Aug 18 14. Aug 18 -10,000 €35.25 €-352,534
06. Aug 18 Sell Diane Gershowitz Individual 02. Aug 18 03. Aug 18 -52,122 €32.91 €-1,710,960
02. Aug 18 Sell Bruce Olson Individual 01. Aug 18 01. Aug 18 -3,600 €32.78 €-118,009
05. Sep 18 Sell Rolando Rodriguez Individual 31. Jul 18 31. Jul 18 -2,125 €33.00 €-70,128
08. Jun 18 Sell PLM Foundation, Endowment Arm Company 07. Jun 18 07. Jun 18 -10,000 €26.66 €-266,584
04. Jun 18 Sell Thomas Kissinger Individual 31. May 18 31. May 18 -4,000 €27.15 €-108,593
01. Jun 18 Sell Rolando Rodriguez Individual 30. May 18 30. May 18 -12,000 €26.91 €-322,963
15. May 18 Sell Douglas Neis Individual 11. May 18 11. May 18 -4,000 €26.94 €-107,758
X
Management checks
We assess Marcus's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Marcus has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

3L1 News

Simply Wall St News

3L1 Company Info

Description

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie’s Plaza. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development comprising 68 two-room timeshare units and 1 timeshare sales center. The company was founded in 1935 and is headquartered in Milwaukee, Wisconsin.

Details
Name: The Marcus Corporation
3L1
Exchange: DB
Founded: 1935
$1,025,111,540
30,842,893
Website: http://www.marcuscorp.com
Address: The Marcus Corporation
100 East Wisconsin Avenue,
Suite 1900,
Milwaukee,
Wisconsin, 53202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MCS Common Stock New York Stock Exchange US USD 14. Dec 1993
DB 3L1 Common Stock Deutsche Boerse AG DE EUR 14. Dec 1993
Number of employees
Current staff
Staff numbers
5,520
Marcus employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 23:19
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/03/12
Last earnings reported: 2018/12/27
Last annual earnings reported: 2018/12/27


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.