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CIDM

CinedigmNasdaqGM:CIDM Stock Report

Market Cap

US$276.3m

7D

-4.2%

1Y

187.3%

Updated

27 Nov, 2021

Data

Company Financials +
CIDM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance0/6
Financial Health4/6
Dividends0/6

CIDM Stock Overview

Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content in the United States, Canada, and New Zealand.

Cinedigm Competitors

Netflix

NasdaqGS:NFLX

US$294.8b

Walt Disney

NYSE:DIS

US$269.2b

Lions Gate Entertainment

NYSE:LGF.A

US$3.2b

IMAX

NYSE:IMAX

US$1.0b

Price History & Performance

Summary of all time highs, changes and price drops for Cinedigm
Historical stock prices
Current Share PriceUS$1.58
52 Week HighUS$2.95
52 Week LowUS$0.50
Beta1.49
1 Month Change-34.98%
3 Month Change-10.23%
1 Year Change187.27%
3 Year Change104.66%
5 Year Change24.41%
Change since IPO-97.41%

Recent News & Updates

Aug 09

Cinedigm: Strong Management Execution Gives This Hidden Streaming Play Strong Potential

Cinedigm's successful transition has now put the company at the center of the streaming industry. Cinedigm is now delivering strong sales across the board with a promising revenue mix. Cinedigm has paved the way for a bright future in the streaming industry. Recent results should give shareholders some optimism, after the deterioration of shareholder value in the past few years.

Jun 14

Cinedigm to acquire advanced streaming technology platform, FoundationTV

Cinedigm ([[CIDM]] -0.3%) finalizes the acquisition of FoundationTV, a comprehensive video streaming technology, artificial intelligence, machine-learning, and data analytics platform provider based in India.Company has integrated FoundationTV's underlying technology portfolio with the Matchpoint digital distribution platform along with their respective software engineering team into a new Indian-based division, Cinedigm India.Transaction is expected to be accretive to earnings within the first twelve months due to associated cost savings associated with Indian operations, additional cost improvements related to the combination of Matchpoint and FoundationTV.Previously:

May 07

Cinedigm reduces outstanding debt by $44.2M

Cinedigm ([[CIDM]] +3.3%) reduced its total outstanding debt balance by $44.2M, or 89% to a current balance of $5.7M (includes a PPP loan of $2.1M) from $49.9M at Mar. 31, 2020.The reduction was achieved through the conversion of $15M in convertible notes to equity, retiring $8.2M of second lien debt, repaying $8.7M

Shareholder Returns

CIDMUS EntertainmentUS Market
7D-4.2%-3.3%-2.7%
1Y187.3%9.9%21.3%

Return vs Industry: CIDM exceeded the US Entertainment industry which returned 9.9% over the past year.

Return vs Market: CIDM exceeded the US Market which returned 21.3% over the past year.

Price Volatility

Is CIDM's price volatile compared to industry and market?
CIDM volatility
CIDM Average Weekly Movement13.2%
Entertainment Industry Average Movement8.9%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: CIDM is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: CIDM's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
200070Chris McGurkhttps://www.cinedigm.com

Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content in the United States, Canada, and New Zealand. The company operates through two segments, Cinema Equipment Business and Media Content and Entertainment Business. The company distributes its products for various brands, such as Hallmark, Televisa, ITV, Nelvana, ZDF, Konami, NFL, and NHL, as well as international and domestic content creators, movie producers, television producers, and other short form digital content producers.

Cinedigm Fundamentals Summary

How do Cinedigm's earnings and revenue compare to its market cap?
CIDM fundamental statistics
Market CapUS$276.30m
Earnings (TTM)-US$11.77m
Revenue (TTM)US$43.34m

6.4x

P/S Ratio

-23.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CIDM income statement (TTM)
RevenueUS$43.34m
Cost of RevenueUS$17.06m
Gross ProfitUS$26.28m
ExpensesUS$38.05m
Earnings-US$11.77m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.067
Gross Margin60.64%
Net Profit Margin-27.17%
Debt/Equity Ratio0%

How did CIDM perform over the long term?

See historical performance and comparison

Valuation

Is Cinedigm undervalued compared to its fair value and its price relative to the market?

10.91x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CIDM ($1.58) is trading above our estimate of fair value ($0.12)

Significantly Below Fair Value: CIDM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CIDM is unprofitable, so we can't compare its PE Ratio to the US Entertainment industry average.

PE vs Market: CIDM is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CIDM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CIDM is overvalued based on its PB Ratio (10.9x) compared to the US Entertainment industry average (2.5x).


Future Growth

How is Cinedigm forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

72.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CIDM is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CIDM is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CIDM is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CIDM's revenue (13.5% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: CIDM's revenue (13.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CIDM's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Cinedigm performed over the past 5 years?

-23.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CIDM is currently unprofitable.

Growing Profit Margin: CIDM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CIDM is unprofitable, and losses have increased over the past 5 years at a rate of 23.6% per year.

Accelerating Growth: Unable to compare CIDM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CIDM is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (18.9%).


Return on Equity

High ROE: CIDM has a negative Return on Equity (-41.68%), as it is currently unprofitable.


Financial Health

How is Cinedigm's financial position?


Financial Position Analysis

Short Term Liabilities: CIDM's short term assets ($42.6M) do not cover its short term liabilities ($53.7M).

Long Term Liabilities: CIDM's short term assets ($42.6M) exceed its long term liabilities ($2.7M).


Debt to Equity History and Analysis

Debt Level: CIDM is debt free.

Reducing Debt: CIDM currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CIDM has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CIDM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Cinedigm current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CIDM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CIDM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CIDM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CIDM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CIDM's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Chris McGurk (64 yo)

10.83yrs

Tenure

US$2,732,419

Compensation

Mr. Christopher J. McGurk, also known as Chris, serves as Director at IDW Media Holdings, Inc. since December 2019. Mr. McGurk currently serves on the Strategic Advisory Board of LIVX. Mr. McGurk also serv...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD2.73M) is above average for companies of similar size in the US market ($USD1.10M).

Compensation vs Earnings: Chris's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CIDM's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CIDM's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 34.7%.


Top Shareholders

Company Information

Cinedigm Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cinedigm Corp.
  • Ticker: CIDM
  • Exchange: NasdaqGM
  • Founded: 2000
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: US$276.296m
  • Shares outstanding: 174.87m
  • Website: https://www.cinedigm.com

Number of Employees


Location

  • Cinedigm Corp.
  • 237 West 35th Street
  • Suite 605
  • New York
  • New York
  • 10001
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 23:06
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.