IMAX Valuation

Is IMA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IMA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IMA (€14.2) is trading below our estimate of fair value (€130.64)

Significantly Below Fair Value: IMA is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for IMA?

Other financial metrics that can be useful for relative valuation.

IMA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA12.3x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does IMA's PE Ratio compare to its peers?

The above table shows the PE ratio for IMA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.8x
BVB Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien
11.9x-24.9%€383.0m
EDL Edel SE KGaA
7.8xn/a€97.4m
EVD CTS Eventim KGaA
26x4.9%€7.5b
SPM Splendid Medien
5.4xn/a€11.7m
IMA IMAX
31.5x27.3%€803.1m

Price-To-Earnings vs Peers: IMA is expensive based on its Price-To-Earnings Ratio (31.5x) compared to the peer average (12.8x).


Price to Earnings Ratio vs Industry

How does IMA's PE Ratio compare vs other companies in the European Entertainment Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a6.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: IMA is expensive based on its Price-To-Earnings Ratio (31.5x) compared to the European Entertainment industry average (16.7x).


Price to Earnings Ratio vs Fair Ratio

What is IMA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.5x
Fair PE Ratio31.6x

Price-To-Earnings vs Fair Ratio: IMA is good value based on its Price-To-Earnings Ratio (31.5x) compared to the estimated Fair Price-To-Earnings Ratio (31.6x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IMA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.20
€20.46
+44.1%
15.5%€24.83€13.33n/a10
Jun ’25€15.30
€20.80
+35.9%
15.5%€25.24€13.55n/a10
May ’25€15.90
€20.80
+30.8%
15.5%€25.24€13.55n/a10
Apr ’25€14.90
€20.26
+36.0%
15.2%€23.53€12.92n/a11
Mar ’25€15.80
€20.26
+28.2%
15.2%€23.53€12.92n/a11
Feb ’25€12.90
€20.86
+61.7%
17.7%€27.70€12.00n/a11
Jan ’25€13.50
€21.49
+59.2%
15.8%€27.33€13.67n/a11
Dec ’24€14.60
€22.34
+53.0%
15.3%€27.56€13.78n/a11
Nov ’24€17.20
€22.83
+32.7%
15.4%€28.39€14.19n/a12
Oct ’24€18.00
€22.39
+24.4%
16.4%€28.14€14.07n/a12
Sep ’24€17.60
€21.63
+22.9%
17.1%€27.35€13.68n/a11
Aug ’24€16.70
€21.63
+29.5%
17.1%€27.35€13.68n/a11
Jul ’24€15.90
€21.31
+34.0%
15.2%€24.53€13.63n/a11
Jun ’24€16.10
€21.31
+32.4%
15.2%€24.53€13.63€15.3011
May ’24€18.10
€21.20
+17.1%
15.4%€24.50€13.61€15.9011
Apr ’24€17.03
€20.11
+18.1%
13.5%€23.63€13.23€14.9011
Mar ’24€17.29
€20.11
+16.3%
13.5%€23.63€13.23€15.8011
Feb ’24€15.51
€17.71
+14.2%
15.6%€20.94€10.92€12.9011
Jan ’24€13.52
€18.26
+35.1%
15.2%€21.79€11.37€13.5011
Dec ’23€16.09
€18.96
+17.9%
14.1%€22.27€12.15€14.6011
Nov ’23€12.57
€18.96
+50.9%
14.1%€22.27€12.15€17.2011
Oct ’23€14.54
€22.31
+53.5%
16.2%€26.26€13.13€18.0011
Sep ’23€15.47
€21.63
+39.8%
17.3%€25.45€11.75€17.6011
Aug ’23€16.31
€21.63
+32.6%
17.3%€25.45€11.75€16.7011
Jul ’23€15.86
€22.01
+38.8%
17.2%€26.59€13.29€15.9011
Jun ’23€16.09
€22.11
+37.5%
18.8%€28.07€13.10€16.1011

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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