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Cineplex

DB:CX0
Snowflake Description

Average dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CX0
DB
CA$2B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Cineplex Inc., through its subsidiaries, operates as an entertainment and media company in Canada and internationally. The last earnings update was 63 days ago. More info.


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CX0 Share Price and Events
7 Day Returns
6.1%
DB:CX0
0.9%
DE Entertainment
2.4%
DE Market
1 Year Returns
-12.3%
DB:CX0
11.6%
DE Entertainment
-6.2%
DE Market
CX0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cineplex (CX0) 6.1% 3.7% -8.5% -12.3% -51.7% -37.6%
DE Entertainment 0.9% 7.3% 13.9% 11.6% 33.9% 72.6%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • CX0 underperformed the Entertainment industry which returned 11.6% over the past year.
  • CX0 underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
CX0
Industry
5yr Volatility vs Market

CX0 Value

 Is Cineplex 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 Cineplex 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 Cineplex.

DB:CX0 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
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:CX0
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- 26.5%) (39.08%))
1.157
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.157 * 5.96%)
7.12%

Discounted Cash Flow Calculation for DB:CX0 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cineplex 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:CX0 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.12%)
2019 40.15 Analyst x4 37.48
2020 111.38 Analyst x6 97.06
2021 119.71 Analyst x2 97.38
2022 137.45 Analyst x1 104.37
2023 150.83 Est @ 9.73% 106.91
2024 161.21 Est @ 6.88% 106.67
2025 169.09 Est @ 4.89% 104.44
2026 174.99 Est @ 3.49% 100.90
2027 179.38 Est @ 2.51% 96.55
2028 182.66 Est @ 1.83% 91.78
Present value of next 10 years cash flows CA$943.55
DB:CX0 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$182.66 × (1 + 0.23%) ÷ (7.12% – 0.23%)
CA$2,654.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$2,654.40 ÷ (1 + 7.12%)10
CA$1,333.71
DB:CX0 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$943.55 + CA$1,333.71
CA$2,277.25
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$2,277.25 / 63.33
CA$35.96
DB:CX0 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CX0 represents 0.67877x of TSX:CGX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.67877x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 35.96 x 0.67877
€24.41
Value per share (EUR) From above. €24.41
Current discount Discount to share price of €16.53
= -1 x (€16.53 - €24.41) / €24.41
32.3%

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

Current Discount
Amount off the current price Cineplex is available for.
Intrinsic value
32%
Share price is €16.53 vs Future cash flow value of €24.41
Current Discount Checks
For Cineplex to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cineplex's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cineplex'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 Cineplex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cineplex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CX0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$1.22
TSX:CGX Share Price ** TSX (2019-04-18) in CAD CA$24.35
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 17.11x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Cineplex.

DB:CX0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CGX Share Price ÷ EPS (both in CAD)

= 24.35 ÷ 1.22

20.01x

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

  • Cineplex is overvalued based on earnings compared to the DE Entertainment industry average.
  • Cineplex is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Cineplex's expected growth come at a high price?
Raw Data
DB:CX0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
1.8%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.73x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:CX0 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.01x ÷ 1.8%

11.33x

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

  • Cineplex is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cineplex's assets?
Raw Data
DB:CX0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$10.72
TSX:CGX Share Price * TSX (2019-04-18) in CAD CA$24.35
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.56x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:CX0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CGX Share Price ÷ Book Value per Share (both in CAD)

= 24.35 ÷ 10.72

2.27x

* Primary Listing of Cineplex.

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

  • Cineplex is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Cineplex'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. Cineplex has a total score of 1/6, 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.

CX0 Future Performance

 How is Cineplex expected to perform in the next 1 to 3 years based on estimates from 11 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
1.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cineplex expected to grow at an attractive rate?
  • Cineplex's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Cineplex's earnings growth is positive but not above the Germany market average.
  • Cineplex's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CX0 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CX0 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 1.8%
DB:CX0 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.7%
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 11.5%
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:CX0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CX0 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,855 80 1
2021-12-31 1,824 254 74 2
2020-12-31 1,745 235 68 10
2019-12-31 1,673 219 66 11
DB:CX0 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,615 209 77
2018-09-30 1,613 242 79
2018-06-30 1,597 238 86
2018-03-31 1,552 215 63
2017-12-31 1,555 154 71
2017-09-30 1,514 167 66
2017-06-30 1,520 166 75
2017-03-31 1,494 175 81
2016-12-31 1,478 166 80
2016-09-30 1,500 191 133
2016-06-30 1,453 191 128
2016-03-31 1,460 224 146

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cineplex's earnings are expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
  • Cineplex's revenue is expected to grow by 3.7% 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:CX0 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 11 Analyst Estimates (S&P Global) See Below

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

DB:CX0 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.26 1.26 1.26 1.00
2021-12-31 1.17 1.17 1.17 1.00
2020-12-31 1.36 1.62 1.08 3.00
2019-12-31 1.21 1.35 1.04 3.00
DB:CX0 Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 1.22
2018-09-30 1.24
2018-06-30 1.35
2018-03-31 0.99
2017-12-31 1.11
2017-09-30 1.03
2017-06-30 1.18
2017-03-31 1.28
2016-12-31 1.26
2016-09-30 2.10
2016-06-30 2.03
2016-03-31 2.31

*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.
  • Cineplex is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cineplex'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.
Cineplex has a total score of 1/6, 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.

CX0 Past Performance

  How has Cineplex 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 Cineplex'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.
  • Cineplex's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Cineplex's 1-year earnings growth exceeds its 5-year average (8.9% vs -1.7%)
  • Cineplex's earnings growth has exceeded the DE Entertainment industry average in the past year (8.9% vs -6%).
Earnings and Revenue History
Cineplex'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 Cineplex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CX0 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,614.82 77.05 207.03
2018-09-30 1,612.93 78.66 189.91
2018-06-30 1,596.67 85.60 181.51
2018-03-31 1,551.70 62.66 185.41
2017-12-31 1,555.07 70.76 208.88
2017-09-30 1,514.21 65.73 186.21
2017-06-30 1,519.71 74.92 191.49
2017-03-31 1,493.66 81.14 189.81
2016-12-31 1,478.33 79.71 189.29
2016-09-30 1,500.26 133.13 191.79
2016-06-30 1,452.56 128.24 190.59
2016-03-31 1,460.07 146.08 186.67
2015-12-31 1,370.94 134.70 183.95
2015-09-30 1,295.78 89.61 179.69
2015-06-30 1,266.53 84.00 175.84
2015-03-31 1,244.48 81.73 173.74
2014-12-31 1,234.72 76.27 171.22
2014-09-30 1,225.71 64.36 171.71
2014-06-30 1,225.08 74.47 170.92
2014-03-31 1,203.22 79.81 172.06
2013-12-31 1,171.27 83.56 170.48
2013-09-30 1,146.76 96.09 165.66
2013-06-30 1,129.55 121.78 138.66
2013-03-31 1,091.59 114.19 160.75
2012-12-31 1,092.50 120.48 153.79
2012-09-30 1,035.49 98.71 157.93
2012-06-30 1,031.05 72.74 193.37

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

CX0 Health

 How is Cineplex'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 Cineplex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cineplex's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cineplex's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cineplex'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 0.4x 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 Cineplex Company Filings, last reported 3 months ago.

DB:CX0 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 679.01 602.71 26.70
2018-09-30 682.77 621.61 33.88
2018-06-30 699.80 603.14 34.90
2018-03-31 699.99 588.58 40.10
2017-12-31 708.86 583.15 40.91
2017-09-30 710.57 604.70 19.00
2017-06-30 725.49 565.12 21.47
2017-03-31 750.22 491.23 41.41
2016-12-31 751.90 416.80 33.55
2016-09-30 750.40 454.53 23.69
2016-06-30 748.83 449.52 35.09
2016-03-31 768.04 428.35 39.11
2015-12-31 772.50 347.39 35.71
2015-09-30 716.38 429.96 24.80
2015-06-30 718.93 401.61 23.70
2015-03-31 716.99 401.88 16.64
2014-12-31 731.85 348.97 34.37
2014-09-30 723.08 415.17 8.87
2014-06-30 730.29 386.23 14.50
2014-03-31 730.66 375.57 10.36
2013-12-31 748.27 334.77 44.14
2013-09-30 745.91 215.83 12.16
2013-06-30 742.85 170.62 28.79
2013-03-31 734.93 186.54 14.27
2012-12-31 747.31 171.62 48.67
2012-09-30 721.70 206.89 1.08
2012-06-30 685.71 231.86 12.14
  • Cineplex's level of debt (88.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.8% vs 88.8% today).
  • Debt is well covered by operating cash flow (34.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4x coverage).
X
Financial health checks
We assess Cineplex'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. Cineplex has a total score of 2/6, 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.

CX0 Dividends

 What is Cineplex'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
7.15%
Current annual income from Cineplex dividends. Estimated to be 7.37% next year.
If you bought €2,000 of Cineplex shares you are expected to receive €143 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?
  • Cineplex's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Cineplex's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
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:CX0 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 11 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 325 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:CX0 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 1.83 1.00
2020-12-31 1.81 2.00
2019-12-31 1.76 2.00
DB:CX0 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-04-17 1.740 7.183
2019-03-19 1.740 7.158
2019-02-15 1.740 6.994
2019-01-21 1.740 6.328
2018-12-17 1.740 6.681
2018-11-20 1.740 6.839
2018-10-19 1.740 5.190
2018-09-18 1.740 5.066
2018-08-21 1.740 5.341
2018-07-19 1.740 5.834
2018-06-19 1.740 5.738
2018-05-18 1.740 5.871
2018-04-18 1.680 5.767
2018-03-20 1.680 5.377
2018-02-15 1.680 5.267
2018-01-19 1.680 5.281
2017-12-15 1.680 4.731
2017-11-20 1.680 4.410
2017-10-19 1.680 4.460
2017-09-19 1.680 4.312
2017-08-21 1.680 4.445
2017-07-19 1.680 3.710
2017-06-20 1.680 3.215
2017-05-18 1.680 3.247
2017-04-18 1.620 3.057
2017-03-21 1.620 3.200
2017-02-15 1.620 3.190
2017-01-19 1.620 3.094
2016-12-16 1.620 3.139
2016-11-18 1.620 3.211
2016-10-19 1.620 3.186
2016-09-20 1.620 3.184
2016-08-19 1.620 3.230
2016-07-19 1.620 3.181
2016-06-20 1.620 3.138
2016-05-18 1.620 3.134
2016-04-19 1.560 3.108
2016-03-18 1.560 3.080
2016-02-17 1.560 3.130
2016-01-19 1.560 3.267
2015-12-17 1.560 3.300
2015-11-18 1.560 3.174
2015-10-20 1.560 3.119
2015-09-18 1.560 3.267
2015-08-19 1.560 3.307
2015-07-21 1.560 3.239
2015-06-18 1.560 3.293
2015-05-19 1.560 3.207
2015-04-20 1.500 3.091
2015-03-19 1.500 3.040
2015-02-17 1.500 3.018
2015-01-20 1.500 3.265
2014-12-17 1.500 3.348
2014-11-19 1.500 3.434
2014-10-21 1.500 3.513
2014-09-18 1.500 3.652
2014-08-19 1.500 3.677
2014-07-21 1.500 3.779
2014-06-18 1.500 3.674
2014-05-20 1.500 3.681
2014-04-17 1.440 3.527
2014-03-19 1.440 3.448
2014-02-18 1.440 3.502
2014-01-21 1.440 3.505
2013-12-17 1.440 3.342
2013-11-19 1.440 3.357
2013-10-21 1.440 3.451
2013-09-18 1.440 3.681
2013-08-20 1.440 3.717
2013-07-19 1.440 3.734
2013-06-18 1.440 3.940
2013-05-21 1.440 4.189
2013-04-18 1.350 3.959
2013-03-18 1.350 3.970
2013-02-15 1.350 4.017
2013-01-21 1.350 4.132
2012-12-19 1.350 4.239
2012-11-20 1.350 4.386
2012-10-19 1.350 4.432
2012-09-18 1.350 4.617
2012-08-21 1.350 4.614
2012-07-19 1.350 4.523
2012-06-18 1.350 4.483
2012-05-18 1.350 4.571
2012-04-18 1.290 4.275
2012-03-20 1.290 4.437
2012-01-19 1.290 4.845
2011-12-16 1.290 5.028
2011-11-18 1.290 5.031
2011-10-19 1.290 5.022
2011-09-20 1.290 5.030
2011-08-19 1.290 5.025
2011-07-19 1.290 5.310
2011-06-20 1.290 5.016
2011-05-12 1.290 5.038
2011-01-19 1.260 5.390
2010-12-09 1.260 5.596
2010-11-18 1.260 5.708
2010-10-19 1.260 5.973
2010-09-20 1.260 6.025
2010-08-19 1.260 6.008
2010-07-20 1.260 6.339
2010-06-18 1.260 6.515
2010-05-18 1.260 6.379
2010-04-20 1.260 6.095
2010-03-19 1.260 6.222
2010-02-16 1.260 6.634
2010-01-19 1.260 6.985
2009-12-18 1.260 7.054
2009-11-18 1.260 7.198
2009-10-20 1.260 7.487
2009-09-18 1.260 7.746
2009-08-19 1.260 8.112
2009-07-21 1.260 7.961
2009-06-18 1.260 7.980
2009-05-19 1.260 8.287
2009-04-20 1.260 8.479

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 Cineplex's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess Cineplex'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 Cineplex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cineplex 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.

CX0 Management

 What is the CEO of Cineplex'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
Ellis Jacob
COMPENSATION CA$4,238,821
AGE 64
TENURE AS CEO 15.4 years
CEO Bio

Mr. Ellis Jacob, CM, FCA, CMA, MBA, has been the Chief Executive Officer and President of Cineplex Inc. since November 2003. Mr. Jacob serves as the Chief Executive Officer and President of Cineplex Entertainment Corporation (formerly, Cineplex Galaxy General Partner). He serves as the Chief Executive Officer of Famous Players, Inc. and served as its President. Mr. Jacob has 21 years’ experience in the motion picture exhibition industry. He served as the President and Chief Executive Officer of Cineplex Entertainment Limited Partnership (Cineplex Galaxy LP). In 1999, he co-founded Galaxy Entertainment Inc. and served as its Chief Executive Officer. Before founding Galaxy, he served as Integration Consultant at Alliance Atlantis Communications Inc. from September 1998 to the summer of 1999. From 1987 to 1998, he held various positions with Cineplex Odeon Corporation. He served as the Chief Operating Officer and Executive Vice President of Cineplex Odeon Corporation since September 30, 1997. From February 1989 to December 1989, he served as the Chief Financial Officer and Senior Vice President at Cineplex Odeon Corporation and also served as its Vice President Finance and Corporate Controller from October 1987 to February 1989. He served as the Vice President of Finance at Motorola from 1980 to 1987. From 1974 to 1976, he worked at the accounting firm which is KPMG. He joined the Ford Motor Company as an Internal Auditor in 1976 and held that position for two years. He has been a Director of Alliance Atlantis Communications Inc., since December 1992, Cineplex Inc. (formerly, Cineplex Galaxy Income Fund) since November 2003 and Dundee Corporation since June 2008 until June 6, 2016. He serves as a Director of DCM, Cineplex Entertainment LP, Husky Injection Molding Systems Ltd., Baycrest Hospital, Toronto International Film Festival Group, the Motion Picture Theatre Associations of Canada, the National Association of Theatre Owners (NATO) in the United States, Baycrest Centre for Geriatric Care and Cineplex Entertainment Corporation (Cineplex Galaxy GP.), the General partner of Cineplex Galaxy Income Fund. He serves as a Member of the Board of Governors for Mount Sinai Hospital. He also serves on various charitable boards and committees. He served as a Director of Motion Picture Distribution Inc., the General Partner of Motion Picture Distribution LP (''Distribution LP'') since 2003. He served as a Director of Alliance Films, Inc. and The Investment Fund for Foundations. He served as a Director of Cineplex Odeon Corporation since June 1990 and Dundee Capital Markets Inc. since December 16, 2010. Mr. Jacob holds a Master of Business Administration (MBA) from the Schulich School Business and is a Fellow of the Institute of Chartered Accountants of Ontario (FCA) and a Member of the Society of Certified Management Accountants of Ontario (CMA).

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

Average tenure of the Cineplex management team in years:

11.2
Average Tenure
  • The average tenure for the Cineplex management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ellis Jacob

TITLE
President
COMPENSATION
CA$4M
AGE
64
TENURE
15.4 yrs

Gord Nelson

TITLE
Chief Financial Officer
COMPENSATION
CA$1M
TENURE
16.3 yrs

Dan McGrath

TITLE
Chief Operating Officer
COMPENSATION
CA$1M
TENURE
8.1 yrs

Michael Kennedy

TITLE
Executive Vice President of Filmed Entertainment
COMPENSATION
CA$733K
TENURE
14.3 yrs

Melissa Pressacco

TITLE
Senior Manager of Communications & Investor Relations

Anne Fitzgerald

TITLE
Executive VP of Real Estate & Chief Legal Officer
TENURE
1.3 yrs

George Sautter

TITLE
Senior Vice President of Corporate Development & Strategy

Lori Legault

TITLE
Senior Vice President of Sales - Cineplex Media

Cindy Bush

TITLE
Chief Human Resources Officer
TENURE
1.3 yrs

Susan Mandryk

TITLE
Executive Vice President
Board of Directors Tenure

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

7.4
Average Tenure
63
Average Age
  • The tenure for the Cineplex board of directors is about average.
Board of Directors

Ian Greenberg

TITLE
Chair of the Board
COMPENSATION
CA$175K
AGE
76
TENURE
2.4 yrs

Ellis Jacob

TITLE
President
COMPENSATION
CA$4M
AGE
64
TENURE
15.4 yrs

Janice Fukakusa

TITLE
Director
COMPENSATION
CA$90K
AGE
64
TENURE
1.9 yrs

Nadir Mohamed

TITLE
Director
COMPENSATION
CA$75K
AGE
61
TENURE
1.9 yrs

Ed Sonshine

TITLE
Independent Director
COMPENSATION
CA$100K
AGE
71
TENURE
9.2 yrs

Joan Dea

TITLE
Independent Director
COMPENSATION
CA$100K
AGE
54
TENURE
12.4 yrs

Sabi Marwah

TITLE
Independent Director
COMPENSATION
CA$115K
AGE
67
TENURE
9.4 yrs

Rob Bruce

TITLE
Independent Director
COMPENSATION
CA$100K
AGE
62
TENURE
8.9 yrs

Jordan Banks

TITLE
Independent Director
COMPENSATION
CA$100K
AGE
49
TENURE
5.9 yrs

Donna Hayes

TITLE
Independent Director
COMPENSATION
CA$100K
AGE
61
TENURE
2.4 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 (€)
28. Nov 18 Buy Gord Nelson Individual 26. Nov 18 26. Nov 18 2,000 €17.32 €34,633
27. Nov 18 Buy Dan McGrath Individual 27. Nov 18 27. Nov 18 4,000 €17.10 €68,381
12. Jun 18 Buy Cindy Bush Individual 11. Jun 18 11. Jun 18 2,630 €18.89 €49,684
10. May 18 Buy Jordan Banks Individual 10. May 18 10. May 18 9,000 €18.39 €165,502
07. May 18 Buy Dan McGrath Individual 04. May 18 04. May 18 10,000 €18.49 €184,942
04. May 18 Buy George Sautter Individual 04. May 18 04. May 18 2,000 €18.53 €37,054
04. May 18 Buy Gord Nelson Individual 04. May 18 04. May 18 4,000 €18.55 €74,211
X
Management checks
We assess Cineplex'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. Cineplex 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.

CX0 News

Simply Wall St News

CX0 Company Info

Description

Cineplex Inc., through its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Amusement and Leisure. The Film Entertainment and Content segment operates film theatres; and provides food and in-theatre amusement services, as well as rents theatre and digital commerce. The Media segment provides in-theatre advertising services; and designs, installs, and operates digital signage networks, as well as offers advertising on networks. The Amusement and Leisure segment operates and distributes amusement, gaming, and vending equipment; and operates social entertainment destinations comprising gaming, entertainment, and dining facilities, as well as facilitates tournaments, leagues, and gaming ladders for the competitive gaming community. The company operates theatres under the SilverCity, Galaxy Cinemas, Scotiabank Theatres, Cineplex Cinemas, Cineplex VIP Cinemas, Famous Players, and Cinema City brands. As of January 21, 2019, it operated 165 theatres in Canada. Cineplex Inc. was founded in 2003 and is headquartered in Toronto, Canada.

Details
Name: Cineplex Inc.
CX0
Exchange: DB
Founded: 2003
CA$1,024,086,312
63,333,238
Website: http://www.cineplex.com
Address: Cineplex Inc.
1303 Yonge Street,
Toronto,
Ontario, M4T 2Y9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CGX Common Shares The Toronto Stock Exchange CA CAD 02. Apr 2007
OTCPK CPXG.F Common Shares Pink Sheets LLC US USD 02. Apr 2007
DB CX0 Common Shares Deutsche Boerse AG DE EUR 02. Apr 2007
Number of employees
Current staff
Staff numbers
7,410
Cineplex employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:39
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/02/15
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.