Loading...

IMAX China Holding

DB:IMK
Snowflake Description

Flawless balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IMK
DB
HK$8B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

IMAX China Holding, Inc., an investment holding company, provides digital and film-based motion picture technologies in China. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
IMK Share Price and Events
7 Day Returns
11.1%
DB:IMK
0.7%
DE Entertainment
1.8%
DE Market
1 Year Returns
-9.8%
DB:IMK
12.5%
DE Entertainment
-6%
DE Market
IMK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IMAX China Holding (IMK) 11.1% 12% 3.5% -9.8% -51.8% -
DE Entertainment 0.7% 6.3% 12.5% 12.5% 35.7% 73.7%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • IMK underperformed the Entertainment industry which returned 12.5% over the past year.
  • IMK underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
IMK
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for IMAX China Holding's competitors could be found in our database.

IMK Value

 Is IMAX China Holding 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 IMAX China Holding 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 IMAX China Holding.

DB:IMK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
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:IMK
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))
= 0.958 (1 + (1- 25%) (0%))
0.972
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.972 * 5.96%)
6.02%

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

The calculations below outline how an intrinsic value for IMAX China Holding 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:IMK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.02%)
2019 36.20 Analyst x4 34.15
2020 50.87 Analyst x6 45.25
2021 46.68 Analyst x4 39.17
2022 43.91 Est @ -5.94% 34.75
2023 42.11 Est @ -4.09% 31.44
2024 40.93 Est @ -2.8% 28.82
2025 40.16 Est @ -1.89% 26.67
2026 39.66 Est @ -1.25% 24.84
2027 39.33 Est @ -0.81% 23.24
2028 39.14 Est @ -0.5% 21.81
Present value of next 10 years cash flows $310.15
DB:IMK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $39.14 × (1 + 0.23%) ÷ (6.02% – 0.23%)
$677.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $677.25 ÷ (1 + 6.02%)10
$377.45
DB:IMK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $310.15 + $377.45
$687.60
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $687.60 / 355.68
$17.34
DB:IMK Discount to Share Price
Calculation Result
Exchange Rate USD/HKD
(Reporting currency to currency of SEHK:1970)
7.845
Value per Share
(HKD)
= Value per Share in USD x Exchange Rate (USD/HKD)
= $1.93 x 7.845
HK$15.17
Non-primary Listing Adjustment Factor 1 share in DB:IMK represents 0.1115x of SEHK:1970
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1115x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 15.17 x 0.1115
€1.69
Value per share (EUR) From above. €1.69
Current discount Discount to share price of €2.45
= -1 x (€2.45 - €1.69) / €1.69
-45.1%

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

  • The current share price of IMAX China Holding is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 IMAX China Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IMAX China Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IMK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.12
SEHK:1970 Share Price ** SEHK (2019-04-18) in HKD HK$22
SEHK:1970 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $2.8
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.8x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of IMAX China Holding.

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

= SEHK:1970 Share Price ÷ EPS (both in USD)

= 2.8 ÷ 0.12

23.49x

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

  • IMAX China Holding is overvalued based on earnings compared to the DE Entertainment industry average.
  • IMAX China Holding is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does IMAX China Holding's expected growth come at a high price?
Raw Data
DB:IMK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
9.5%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.67x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.49x ÷ 9.5%

2.47x

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

  • IMAX China Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on IMAX China Holding's assets?
Raw Data
DB:IMK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.71
SEHK:1970 Share Price * SEHK (2019-04-18) in HKD HK$22
SEHK:1970 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $2.8
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.56x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:IMK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1970 Share Price ÷ Book Value per Share (both in USD)

= 2.8 ÷ 0.71

3.94x

* Primary Listing of IMAX China Holding.

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

  • IMAX China Holding is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess IMAX China Holding'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. IMAX China Holding has a total score of 0/6, 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.

IMK Future Performance

 How is IMAX China Holding expected to perform in the next 1 to 3 years based on estimates from 14 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
9.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IMAX China Holding expected to grow at an attractive rate?
  • IMAX China Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • IMAX China Holding's earnings growth is positive but not above the Germany market average.
  • IMAX China Holding's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IMK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IMK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 9.5%
DB:IMK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 7.4%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 23%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
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:IMK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IMK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 170 1
2022-12-31 155 1
2021-12-31 151 70 57 8
2020-12-31 139 65 52 14
2019-12-31 129 63 48 13
DB:IMK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 118 56 43
2018-09-30 122 46 45
2018-06-30 126 36 48
2018-03-31 126 36 46
2017-12-31 126 35 44
2017-09-30 121 38 39
2017-06-30 115 42 35
2017-03-31 117 44 35
2016-12-31 119 47 36
2016-09-30 120 34 -30
2016-06-30 122 22 -96
2016-03-31 116 11 -139

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IMAX China Holding's earnings are expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
  • IMAX China Holding's revenue is expected to grow by 7.4% 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:IMK 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 14 Analyst Estimates (S&P Global) See Below

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

DB:IMK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.16 0.19 0.13 7.00
2020-12-31 0.15 0.17 0.13 12.00
2019-12-31 0.13 0.15 0.13 12.00
DB:IMK Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.12
2018-09-30 0.13
2018-06-30 0.13
2018-03-31 0.13
2017-12-31 0.12
2017-09-30 0.11
2017-06-30 0.10
2017-03-31 0.10
2016-12-31 0.10
2016-09-30 -0.09
2016-06-30 -0.29
2016-03-31 -0.44

*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.
  • IMAX China Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess IMAX China Holding'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.
IMAX China Holding 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.

IMK Past Performance

  How has IMAX China Holding 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 IMAX China Holding'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.
  • IMAX China Holding has delivered over 20% year on year earnings growth in the past 5 years.
  • IMAX China Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • IMAX China Holding's 1-year earnings growth is negative, it can't be compared to the DE Entertainment industry average.
Earnings and Revenue History
IMAX China Holding'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 IMAX China Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IMK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 117.52 42.77 16.11
2018-09-30 121.95 45.23 15.47
2018-06-30 126.39 47.69 14.84
2018-03-31 126.43 45.70 14.69
2017-12-31 126.47 43.71 14.53
2017-09-30 120.76 39.27 15.41
2017-06-30 115.04 34.84 16.28
2017-03-31 116.79 35.46 16.68
2016-12-31 118.53 36.09 17.08
2016-09-30 120.14 -30.04 18.85
2016-06-30 121.74 -96.18 20.61
2016-03-31 116.17 -139.02 22.23
2015-12-31 110.59 -181.87 23.86
2015-09-30 102.41 -116.29 20.70
2015-06-30 94.23 -50.71 17.54
2015-03-31 86.22 -13.96 14.39
2014-12-31 78.22 22.78 11.25
2013-12-31 55.95 17.46 8.87
2012-12-31 46.64 12.87 7.95

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

IMK Health

 How is IMAX China Holding'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 IMAX China Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IMAX China Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IMAX China Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IMAX China Holding'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.
  • IMAX China Holding has no debt, it does not need to be covered by short term assets.
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 IMAX China Holding Company Filings, last reported 3 months ago.

DB:IMK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 253.68 0.00 120.30
2018-09-30 253.68 0.00 120.30
2018-06-30 252.03 0.00 116.60
2018-03-31 252.03 0.00 116.60
2017-12-31 244.74 0.00 116.77
2017-09-30 244.74 0.00 116.77
2017-06-30 209.77 0.00 112.94
2017-03-31 209.77 0.00 112.94
2016-12-31 189.15 0.00 106.01
2016-09-30 189.15 0.00 106.01
2016-06-30 174.57 0.00 103.21
2016-03-31 174.57 0.00 103.21
2015-12-31 157.72 0.00 90.89
2015-09-30 157.72 0.00 90.89
2015-06-30 60.96 54.19 80.27
2015-03-31 60.96 54.19 80.27
2014-12-31 39.25 26.79 48.62
2013-12-31 3.14 0.00 10.42
2012-12-31 0.12 0.00 2.00
  • IMAX China Holding has no debt.
  • IMAX China Holding has no debt compared to 5 years ago when it was 2.3%.
  • IMAX China Holding has no debt, it does not need to be covered by operating cash flow.
  • IMAX China Holding has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess IMAX China Holding'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. IMAX China Holding has a total score of 6/6, 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.

IMK Dividends

 What is IMAX China Holding'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
1.43%
Current annual income from IMAX China Holding dividends. Estimated to be 1.77% next year.
If you bought €2,000 of IMAX China Holding shares you are expected to receive €29 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?
  • IMAX China Holding's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • IMAX China Holding's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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:IMK 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 14 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 327 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:IMK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.06 7.00
2020-12-31 0.05 12.00
2019-12-31 0.04 12.00
DB:IMK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-01 0.040 1.553
2019-02-26 0.040 1.585
2018-07-25 0.040 1.570
2018-05-03 0.040 1.217

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

  • It is too early to tell whether IMAX China Holding has stable dividend payments.
  • IMAX China Holding only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of IMAX China Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess IMAX China Holding'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 IMAX China Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IMAX China Holding has a total score of 2/6, see the detailed checks below.


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

IMK Management

 What is the CEO of IMAX China Holding'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
Jiande Chen
COMPENSATION $1,053,000
AGE 63
TENURE AS CEO 7.7 years
CEO Bio

Mr. Jiande Chen has been Chief Executive Officer of IMAX China Holding, Inc. since August 1, 2011 and its Executive Director since May 27, 2015. Mr. Chen is responsible for the overall strategic direction and business operations of the Group. Mr. Chen served as the Senior Vice President, Chief Representative and General Manager of Sony Pictures Entertainment, China from 2000 to 2011. Prior to that, Mr. Chen was a Vice President of Allied Signal (China) Holding Corp., an aerospace, automotive and engineering company from 1998 to 1999, a Vice President of Boeing China Inc. from 1995 to 1998 and a Vice President of DDB Advertising/PR Corp. in Seattle from 1990 to 1995. He serves as a Member of the board of TCL-IMAX Entertainment Co. Ltd. He serves as the Vice Chairman of the Alumni Association of Fudan University. Mr. Chen obtained a Ph.D degree in Communications from the University of Washington, the United States in December 1991 and graduated from Fudan University, the PRC, with a bachelors degree in English Literature in 1976.

CEO Compensation
  • Jiande's compensation has increased by more than 20% in the past year.
  • Jiande's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the IMAX China Holding management team in years:

5.8
Average Tenure
50
Average Age
  • The average tenure for the IMAX China Holding management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jiande Chen

TITLE
CEO & Executive Director
COMPENSATION
$1M
AGE
63
TENURE
7.7 yrs

Jim Athanasopoulos

TITLE
CFO, COO & Executive Director
COMPENSATION
$1M
AGE
47
TENURE
7.7 yrs

Jessie Chou

TITLE
Chief Marketing Officer
COMPENSATION
$792K
AGE
49
TENURE
3.9 yrs

Don Savant

TITLE
President of Theatre Development & Film Distribution
AGE
56
TENURE
7.6 yrs

Zi Chen

TITLE
Joint Company Secretary & General Counsel
AGE
35
TENURE
0.9 yrs

Karl Yuan

TITLE
Senior Vice President of Theatre Development
AGE
54
TENURE
7.6 yrs

Tony Navarro-Sertich

TITLE
Head of Mergers & Acquisitions and Senior Vice President of Business Development
AGE
34
TENURE
2.9 yrs

Wai Chan

TITLE
Joint Company Secretary
AGE
51
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the IMAX China Holding board of directors in years:

3.9
Average Tenure
59
Average Age
  • The tenure for the IMAX China Holding board of directors is about average.
Board of Directors

Rich Gelfond

TITLE
Chairman of the Board
AGE
62
TENURE
3.9 yrs

Jiande Chen

TITLE
CEO & Executive Director
COMPENSATION
$1M
AGE
63
TENURE
3.9 yrs

Jim Athanasopoulos

TITLE
CFO, COO & Executive Director
COMPENSATION
$1M
AGE
47
TENURE
3.9 yrs

Jessie Chou

TITLE
Chief Marketing Officer
COMPENSATION
$792K
AGE
49
TENURE
3.9 yrs

Yue-Sai Kan

TITLE
Independent Non-Executive Director
COMPENSATION
$160K
AGE
70
TENURE
4.9 yrs

John Davison

TITLE
Independent Non-Executive Director
COMPENSATION
$165K
AGE
59
TENURE
3.6 yrs

Ruigang Li

TITLE
Non-Executive Director
AGE
49
TENURE
5 yrs

Dawn Taubin

TITLE
Independent Non-Executive Director
COMPENSATION
$160K
AGE
59
TENURE
3.6 yrs

Megan Colligan

TITLE
Non-Executive Director
AGE
45
TENURE
0.2 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 (€)
09. Aug 18 Sell Jim Athanasopoulos Individual 03. Aug 18 03. Aug 18 -10,598 €2.46 €-26,077
18. Jun 18 Sell Wellington Management Group LLP Company 15. Jun 18 15. Jun 18 -1,826,100 €3.01 €-5,504,174
X
Management checks
We assess IMAX China Holding'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. IMAX China Holding 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.

IMK News

Simply Wall St News

IMK Company Info

Description

IMAX China Holding, Inc., an investment holding company, provides digital and film-based motion picture technologies in China. It operates through Network Business, Theatre Business, and New business and Other segments. The company engages in the digital re-mastering of Hollywood and Chinese language films into the IMAX format through a proprietary DMR conversion process and the exhibition of these films on the IMAX theatre network. It also designs, procures, and provides digital theatre systems at its exhibitor partners’ movie theatres, as well as provides related project management, ongoing maintenance, and aftermarket sale services. IMAX China Holding, Inc. is also involved in the technological development and lease of theatre systems, as well as provision of after-sales services, including installation, maintenance, and repair of theatre systems and equipment. The company was incorporated in 2011 and is headquartered in Shanghai, China. IMAX China Holding, Inc. is a subsidiary of IMAX (Barbados) Holding, Inc.

Details
Name: IMAX China Holding, Inc.
IMK
Exchange: DB
Founded: 2011
HK$885,897,007
355,677,647
Website: http://www.imax.cn
Address: IMAX China Holding, Inc.
Verdant Place,
7th Floor,
Shanghai,
200003,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1970 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 08. Oct 2015
OTCPK IMXC.F Ordinary Shares Pink Sheets LLC US USD 08. Oct 2015
DB IMK Ordinary Shares Deutsche Boerse AG DE EUR 08. Oct 2015
SHSC 1970 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 08. Oct 2015
SZSC 1970 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 08. Oct 2015
Number of employees
Current staff
Staff numbers
94
IMAX China Holding employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 22:22
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/31
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.