IMAX Corporation

DB:IMA Stock Report

Market Cap: €1.3b

IMAX Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 (€23.8) is trading below our estimate of fair value (€54.41)

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?

Key metric: As IMA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IMA. This is calculated by dividing IMA's market cap by their current earnings.
What is IMA's PE Ratio?
PE Ratio55.5x
EarningsUS$23.29m
Market CapUS$1.31b

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 Average19x
EVD CTS Eventim KGaA
31.3x13.9%€7.9b
EDL Edel SE KGaA
7.8x-0.4%€96.2m
SPM Splendid Medien
4.9xn/a€12.1m
M8G Verve Group
32x44.3%€620.2m
IMA IMAX
55.5x21.2%€1.3b

Price-To-Earnings vs Peers: IMA is expensive based on its Price-To-Earnings Ratio (55.5x) compared to the peer average (19x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IMA 55.5xIndustry Avg. 12.8xNo. of Companies12PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IMA is expensive based on its Price-To-Earnings Ratio (55.5x) compared to the European Entertainment industry average (12.3x).

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 Ratio55.5x
Fair PE Ratio19.2x

Price-To-Earnings vs Fair Ratio: IMA is expensive based on its Price-To-Earnings Ratio (55.5x) compared to the estimated Fair Price-To-Earnings Ratio (19.2x).

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€23.80
€26.14
+9.8%
17.3%€31.63€15.33n/a11
Dec ’25€24.60
€25.21
+2.5%
16.8%€31.23€15.14n/a11
Nov ’25€22.20
€23.83
+7.3%
14.6%€27.68€14.76n/a11
Oct ’25€18.30
€22.31
+21.9%
15.0%€26.87€14.33n/a11
Sep ’25€18.80
€22.85
+21.5%
15.9%€27.72€13.86n/a11
Aug ’25€19.50
€22.85
+17.2%
15.9%€27.72€13.86n/a11
Jul ’25€15.70
€20.80
+32.5%
15.5%€25.24€13.55n/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€13.78€24.6011
Nov ’24€17.20
€22.83
+32.7%
15.4%€28.39€14.19€22.2012
Oct ’24€18.00
€22.39
+24.4%
16.4%€28.14€14.07€18.3012
Sep ’24€17.60
€21.63
+22.9%
17.1%€27.35€13.68€18.8011
Aug ’24€16.70
€21.63
+29.5%
17.1%€27.35€13.68€19.5011
Jul ’24€15.90
€21.31
+34.0%
15.2%€24.53€13.63€15.7011
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

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 10:59
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

IMAX Corporation is covered by 30 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Marla BackerAscendiant Capital Markets LLC
James GossBarrington Research Associates, Inc.
Michael HickeyBenchmark Company