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AMC Entertainment Holdings

DB:AH9
Snowflake Description

Second-rate dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AH9
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The last earnings update was 48 days ago. More info.


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AH9 Share Price and Events
7 Day Returns
2.3%
DB:AH9
1.8%
DE Entertainment
2.5%
DE Market
1 Year Returns
3.2%
DB:AH9
11.6%
DE Entertainment
-6.7%
DE Market
AH9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AMC Entertainment Holdings (AH9) 2.3% 10.8% 18.2% 3.2% -40.8% -11.6%
DE Entertainment 1.8% 8.2% 18.1% 11.6% 32.9% 74.4%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • AH9 underperformed the Entertainment industry which returned 11.6% over the past year.
  • AH9 outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
AH9
Industry
5yr Volatility vs Market

Value

 Is AMC Entertainment Holdings 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 AMC Entertainment Holdings 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 AMC Entertainment Holdings.

DB:AH9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
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:AH9
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))
= 0.959 (1 + (1- 21%) (306.67%))
2.53
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:AH9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AMC Entertainment Holdings 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:AH9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.15%)
2019 298.60 Analyst x1 266.26
2020 265.85 Analyst x2 211.37
2021 244.48 Est @ -8.04% 173.33
2022 230.89 Est @ -5.56% 145.96
2023 222.07 Est @ -3.82% 125.18
2024 216.28 Est @ -2.61% 108.71
2025 212.48 Est @ -1.76% 95.23
2026 210.01 Est @ -1.16% 83.93
2027 208.45 Est @ -0.74% 74.28
2028 207.50 Est @ -0.45% 65.93
Present value of next 10 years cash flows $1,350.18
DB:AH9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $207.50 × (1 + 0.23%) ÷ (12.15% – 0.23%)
$1,744.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,744.78 ÷ (1 + 12.15%)10
$554.40
DB:AH9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,350.18 + $554.40
$1,904.59
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,904.59 / 103.84
$18.34
DB:AH9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AH9 represents 0.90056x of NYSE:AMC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90056x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 18.34 x 0.90056
€16.52
Value per share (EUR) From above. €16.52
Current discount Discount to share price of €14.45
= -1 x (€14.45 - €16.52) / €16.52
12.5%

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

Current Discount
Amount off the current price AMC Entertainment Holdings is available for.
Intrinsic value
12%
Share price is €14.45 vs Future cash flow value of €16.52
Current Discount Checks
For AMC Entertainment Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AMC Entertainment Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • AMC Entertainment Holdings's share price is below the future cash flow value, but not 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 AMC Entertainment Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AMC Entertainment Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AH9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.91
NYSE:AMC Share Price ** NYSE (2019-04-18) in USD $16.05
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 17.2x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

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

** Primary Listing of AMC Entertainment Holdings.

DB:AH9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 16.05 ÷ 0.91

17.58x

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

  • AMC Entertainment Holdings is overvalued based on earnings compared to the DE Entertainment industry average.
  • AMC Entertainment Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does AMC Entertainment Holdings's expected growth come at a high price?
Raw Data
DB:AH9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
-33.7%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:AH9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.58x ÷ -33.7%

-0.52x

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

  • AMC Entertainment Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AMC Entertainment Holdings's assets?
Raw Data
DB:AH9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $13.51
NYSE:AMC Share Price * NYSE (2019-04-18) in USD $16.05
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.59x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:AH9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 16.05 ÷ 13.51

1.19x

* Primary Listing of AMC Entertainment Holdings.

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

  • AMC Entertainment Holdings is good value based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess AMC Entertainment Holdings'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. AMC Entertainment Holdings has a total score of 2/6, 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.

Future Performance

 How is AMC Entertainment Holdings expected to perform in the next 1 to 3 years based on estimates from 10 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
-33.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AMC Entertainment Holdings expected to grow at an attractive rate?
  • AMC Entertainment Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • AMC Entertainment Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • AMC Entertainment Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AH9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AH9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts -33.7%
DB:AH9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 2.2%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.8%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
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:AH9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AH9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 6,275 132 1
2022-12-31 5,950 2 2
2021-12-31 5,738 -11 4
2020-12-31 5,672 575 5 8
2019-12-31 5,538 875 -15 10
DB:AH9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 5,461 523 110
2018-09-30 5,464 628 -337
2018-06-30 5,422 737 -279
2018-03-31 5,181 552 -478
2017-12-31 5,079 537 -487
2017-09-30 4,589 450 -182
2017-06-30 4,190 416 -109
2017-03-31 3,751 581 92
2016-12-31 3,236 432 112
2016-09-30 3,094 470 124
2016-06-30 3,003 409 106
2016-03-31 3,060 469 126

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AMC Entertainment Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • AMC Entertainment Holdings's revenue is expected to grow by 2.2% 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:AH9 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 10 Analyst Estimates (S&P Global) See Below

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

DB:AH9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.17 1.17 1.17 1.00
2022-12-31 0.01 0.01 0.01 1.00
2021-12-31 -0.07 0.17 -0.32 3.00
2020-12-31 0.07 0.98 -0.61 7.00
2019-12-31 -0.09 0.60 -0.67 7.00
DB:AH9 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.91
2018-09-30 -2.65
2018-06-30 -2.16
2018-03-31 -3.68
2017-12-31 -3.80
2017-09-30 -1.50
2017-06-30 -0.96
2017-03-31 0.88
2016-12-31 1.13
2016-09-30 1.27
2016-06-30 1.08
2016-03-31 1.29

*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.
  • AMC Entertainment Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AMC Entertainment Holdings'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.
AMC Entertainment Holdings has a total score of 0/6, 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.

Past Performance

  How has AMC Entertainment Holdings 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 AMC Entertainment Holdings'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.
  • AMC Entertainment Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • AMC Entertainment Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • AMC Entertainment Holdings has become profitable in the last year making it difficult to compare the DE Entertainment industry average.
Earnings and Revenue History
AMC Entertainment Holdings'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 AMC Entertainment Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AH9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,460.80 110.10 174.40
2018-09-30 5,464.30 -336.90 155.70
2018-06-30 5,421.60 -279.20 140.10
2018-03-31 5,181.40 -477.90 143.20
2017-12-31 5,079.20 -487.20 133.40
2017-09-30 4,588.50 -181.80 138.20
2017-06-30 4,189.60 -108.70 124.80
2017-03-31 3,751.30 91.80 99.60
2016-12-31 3,235.90 111.70 83.70
2016-09-30 3,093.66 124.32 75.73
2016-06-30 3,002.70 106.10 74.63
2016-03-31 3,059.78 126.02 71.77
2015-12-31 2,946.90 103.90 58.20
2015-09-30 2,875.20 92.06 59.93
2015-06-30 2,820.26 87.26 54.18
2015-03-31 2,725.76 74.75 51.59
2014-12-31 2,695.39 63.77 64.87
2014-09-30 2,696.21 316.56 80.54
2014-06-30 2,758.29 343.06 94.03
2014-03-31 2,794.38 373.50 95.92
2013-12-31 2,749.43 363.10 94.01
2013-09-30 2,750.40 91.11 85.24
2013-06-30 2,704.62 50.96 75.26
2013-03-31 2,595.37 -2.22 74.95
2012-12-31 2,670.97 21.71 75.36

*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.
  • AMC Entertainment Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AMC Entertainment Holdings used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • AMC Entertainment Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AMC Entertainment Holdings'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.
AMC Entertainment Holdings has a total score of 1/6, 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.

Health

 How is AMC Entertainment Holdings'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 AMC Entertainment Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AMC Entertainment Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • AMC Entertainment Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AMC Entertainment Holdings'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 0.1x 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 AMC Entertainment Holdings Company Filings, last reported 3 months ago.

DB:AH9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,397.60 5,283.20 313.30
2018-09-30 1,254.50 5,440.00 333.30
2018-06-30 1,969.90 4,823.60 316.40
2018-03-31 2,084.80 4,903.80 300.90
2017-12-31 2,112.40 4,886.70 310.00
2017-09-30 2,424.40 4,960.90 260.00
2017-06-30 2,476.70 4,934.40 127.80
2017-03-31 2,600.60 4,896.30 313.10
2016-12-31 2,009.60 4,436.30 207.10
2016-09-30 1,565.70 1,949.03 46.31
2016-06-30 1,552.85 1,932.64 93.32
2016-03-31 1,546.25 1,961.14 107.93
2015-12-31 1,538.70 2,014.66 211.25
2015-09-30 1,513.93 1,860.29 97.94
2015-06-30 1,521.05 1,864.20 179.34
2015-03-31 1,496.38 1,895.32 144.80
2014-12-31 1,512.73 1,900.26 218.21
2014-09-30 1,509.15 1,906.94 155.51
2014-06-30 1,524.43 1,912.16 235.31
2014-03-31 1,511.13 2,063.72 353.28
2013-12-31 1,507.47 2,195.01 546.45
2013-09-30 1,148.31 2,193.65 435.80
2013-06-30 825.72 2,200.37 136.31
2013-03-31 766.77 2,201.32 133.07
2012-12-31 766.77 2,201.32 133.07
  • AMC Entertainment Holdings's level of debt (378%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (145.5% vs 378% today).
  • Debt is not well covered by operating cash flow (9.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess AMC Entertainment Holdings'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. AMC Entertainment Holdings has a total score of 0/6, 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.

Dividends

 What is AMC Entertainment Holdings'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
4.98%
Current annual income from AMC Entertainment Holdings dividends. Estimated to be 4.87% next year.
If you bought €2,000 of AMC Entertainment Holdings shares you are expected to receive €100 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?
  • AMC Entertainment Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • AMC Entertainment Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.74%).
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:AH9 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 10 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 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:AH9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.77 3.00
2020-12-31 0.79 7.00
2019-12-31 0.78 8.00
DB:AH9 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-19 0.800 5.361
2018-09-14 0.800 5.147
2018-07-24 0.800 4.461
2018-05-03 0.800 5.013
2018-02-28 0.800 5.117
2017-10-30 0.800 5.787
2017-08-03 0.800 5.576
2017-04-27 0.800 3.426
2017-02-14 0.800 2.610
2016-11-03 0.800 2.391
2016-07-26 0.800 2.612
2016-04-27 0.800 2.816
2016-02-25 0.800 2.906
2015-10-30 0.800 3.448
2015-07-28 0.800 2.889
2015-04-28 0.800 2.661
2015-02-04 0.800 2.394
2014-10-27 0.800 3.068
2014-07-29 0.800 3.424
2014-04-28 0.800 3.466

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

  • Whilst dividend payments have been stable, AMC Entertainment Holdings has been paying a dividend for less than 10 years.
  • AMC Entertainment Holdings has only been paying a dividend for 5 years, and since then there has been no growth.
Current Payout to shareholders
What portion of AMC Entertainment Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.4x coverage).
X
Income/ dividend checks
We assess AMC Entertainment Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 AMC Entertainment Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AMC Entertainment Holdings has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of AMC Entertainment Holdings'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
Adam Aron
COMPENSATION $9,470,202
AGE 63
TENURE AS CEO 3.3 years
CEO Bio

Mr. Adam M. Aron has been the Chief Executive Officer and President of AMC Entertainment Holdings, Inc. since January 4, 2016 and AMC Entertainment Inc. since January 14, 2016. Mr. Aron has been Chief Executive Officer and President of Carmike Cinemas, Inc. since December 21, 2016. He has been an Administrator of Seven Seas Cruises S. DE R.L, since July 2009. He has 33 years of experience managing companies operating in the travel and leisure industries. He served as the Chief Executive Officer of Starwood Hotels & Resorts Worldwide Inc from February 14, 2015 to December 30, 2015. He served as Senior Operating Partner of Apollo Global Management, LLC. He served as the Chairman and Chief Executive Officer of Cap Juluca. He was a Co-Owner of the Philadelphia 76ers, Inc., a professional U.S. basketball team and served as its Chief Executive Officer since September 2011 until July 2013. He served as the Chairman and Chief Executive Officer of World Leisure Partners, Inc., a personal consultancy for matters related to travel and tourism and high-end real estate development and which acts in partnership with Apollo since 2006. He served as Chairman of the Board and Chief Executive Officer of Vail Summit Resorts, Inc. He served as Chairman and Chief Executive Officer of Vail Resorts Inc., from July 1996 to 2006; President and Chief Executive Officer of Norwegian Cruise Line, from 1993 to 1996; Senior Vice President of Marketing for United Airlines, from 1990 to 1993; and Senior Vice President of Marketing for Hyatt Hotels Corporation, from 1987 to 1990. He serves as Vice Chairman of Travel Industry Association of America and previously served as its First Vice Chairman. He serves as a Director of Carey International, Inc. He has been a Director of AMC Entertainment Holdings, Inc since January 4, 2016 and AMC Entertainment Inc. since January 14, 2016. He has been a Director of Prestige Cruises International, Inc. since April 2007; NCL Corporation, Ltd., since January 2008; Norwegian Cruise Line Holdings Ltd., since January 2008 and Barcelo Crestline since December 29, 1998. He serves on the board of directors of Prestige Cruise Holdings, Inc., the parent company of Oceania Cruises, Inc. and Regent Seven Seas Cruises. He is a member of the Council on Foreign Relations and was a Member of the Young President’ Organization and Business Executives for National Security. He served as a Director of Diamond Resorts Corporation since October 1997, Global Ship Lease, Inc. since May 2006 and Nextel Partners, Inc. from July 2002 to June 26, 2006. He served as a Director of Rewards Network Inc. from February 2004 to May 12, 2008 and FTD Group, Inc. from April 2005 to August 26, 2008. He served as Director of Starwood Hotels & Resorts Worldwide Inc. from August 2006 to December 30, 2015. He served as Vice Chairman of the National Finance Committee of the Democratic Senatorial Campaign Committee for the 2008 election cycle. He was selected by the U.S. Secretary of Defense to participate in the Joint Civilian Orientation Conference in 2004, was appointed by the U.S. Secretary of Agriculture to served on the board of directors of the National Forest Foundation from 2000 to 2006 and was a delegate to President Clinton’s 1995 White House Conference on Travel and Tourism. He holds a B.A. degree in Government from Harvard College and a M.B.A. degree from Harvard Business School.

CEO Compensation
  • Adam's compensation has increased in line with AMC Entertainment Holdings recently becoming profitable.
  • Adam's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the AMC Entertainment Holdings management team in years:

9.5
Average Tenure
55
Average Age
  • The average tenure for the AMC Entertainment Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Adam Aron

TITLE
President
COMPENSATION
$9M
AGE
63
TENURE
3.3 yrs

Craig Ramsey

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
67
TENURE
17 yrs

John McDonald

TITLE
Executive Vice President of U.S. Operations
COMPENSATION
$2M
AGE
61
TENURE
9.8 yrs

Mark McDonald

TITLE
Executive Vice President of Global Development
COMPENSATION
$2M
AGE
60
TENURE
20.3 yrs

Elizabeth Frank

TITLE
Executive VP of Worldwide Programming & Chief Content Officer
COMPENSATION
$2M
AGE
49
TENURE
8.7 yrs

Chris Cox

TITLE
Senior VP & Chief Accounting Officer
AGE
52
TENURE
16.9 yrs

John Merriwether

TITLE
Vice President of Investor Relations
TENURE
4.3 yrs

Kevin Connor

TITLE
Senior VP
COMPENSATION
$691K
AGE
55
TENURE
16 yrs

Stephen Colanero

TITLE
Chief Marketing Officer & Executive VP
COMPENSATION
$613K
AGE
51
TENURE
9.3 yrs

Carla Chavarria

TITLE
Senior VP of Human Resources & Chief Human Resources Officer
AGE
52
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the AMC Entertainment Holdings board of directors in years:

3.8
Average Tenure
63.5
Average Age
  • The tenure for the AMC Entertainment Holdings board of directors is about average.
Board of Directors

John Zeng

TITLE
Non-Executive Chairman
AGE
47
TENURE
1.1 yrs

Adam Aron

TITLE
President
COMPENSATION
$9M
AGE
63
TENURE
3.3 yrs

Anthony Saich

TITLE
Director
COMPENSATION
$280K
AGE
64
TENURE
6.7 yrs

Lloyd Hill

TITLE
Director
COMPENSATION
$280K
AGE
74
TENURE
5.3 yrs

Kathleen Pawlus

TITLE
Director
COMPENSATION
$285K
AGE
57
TENURE
4.3 yrs

Hawk Koch

TITLE
Director
COMPENSATION
$225K
AGE
72
TENURE
4.5 yrs

Gary Locke

TITLE
Director
COMPENSATION
$219K
AGE
68
TENURE
3.2 yrs

Lee Wittlinger

TITLE
Director
AGE
35
TENURE
0.5 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 (€)
18. Sep 18 Sell Dalian Hexing Investment Co., Ltd. Company 07. Sep 18 07. Sep 18 -75,826,927 €1.57 €-119,181,124
25. Jun 18 Sell Stephen Colanero Individual 18. Jun 18 18. Jun 18 -5,364 €13.73 €-73,661
04. Jun 18 Sell Carla Chavarria Individual 01. Jun 18 01. Jun 18 -6,000 €12.77 €-75,854
X
Management checks
We assess AMC Entertainment Holdings'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. AMC Entertainment Holdings 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.

News

Simply Wall St News

Company Info

Description

AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets. The company was founded in 1920 and is headquartered in Leawood, Kansas. AMC Entertainment Holdings, Inc. is a subsidiary of Dalian Wanda Group Co., Ltd.

Details
Name: AMC Entertainment Holdings, Inc.
AH9
Exchange: DB
Founded: 1920
$1,532,564,653
103,843,100
Website: http://www.amctheatres.com
Address: AMC Entertainment Holdings, Inc.
One AMC Way,
11500 Ash Street,
Leawood,
Kansas, 66211,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AMC Class A Common Stock New York Stock Exchange US USD 18. Dec 2013
DB AH9 Class A Common Stock Deutsche Boerse AG DE EUR 18. Dec 2013
Number of employees
Current staff
Staff numbers
22,285
AMC Entertainment Holdings employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:02
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/01
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.