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Cinedigm

Nasdaq:CIDM
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIDM
Nasdaq
$70M
Market Cap
  1. Home
  2. US
  3. Media
Company description

Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States. The last earnings update was 34 days ago. More info.


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  • Cinedigm has significant price volatility in the past 3 months.
CIDM Share Price and Events
7 Day Returns
23.9%
NasdaqGM:CIDM
0.1%
US Entertainment
1.2%
US Market
1 Year Returns
47%
NasdaqGM:CIDM
5.1%
US Entertainment
3%
US Market
CIDM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cinedigm (CIDM) 23.9% 60.2% 224% 47% -12.9% -92.8%
US Entertainment 0.1% 1.6% 15% 5.1% 64.6% 87.9%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • CIDM outperformed the Entertainment industry which returned 5.1% over the past year.
  • CIDM outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
CIDM
Industry
5yr Volatility vs Market

Value

 Is Cinedigm 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 Cinedigm 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 Cinedigm.

NasdaqGM:CIDM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGM:CIDM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.968 (1 + (1- 21%) (92.17%))
1.451
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.45
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.451 * 5.96%)
11.38%

Discounted Cash Flow Calculation for NasdaqGM:CIDM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cinedigm 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.

NasdaqGM:CIDM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.38%)
2019 10.41 Est @ -25.41% 9.34
2020 8.64 Est @ -16.97% 6.97
2021 7.69 Est @ -11.06% 5.56
2022 7.15 Est @ -6.92% 4.65
2023 6.87 Est @ -4.03% 4.01
2024 6.73 Est @ -2% 3.52
2025 6.69 Est @ -0.58% 3.15
2026 6.72 Est @ 0.41% 2.84
2027 6.79 Est @ 1.11% 2.57
2028 6.90 Est @ 1.59% 2.35
Present value of next 10 years cash flows $44.96
NasdaqGM:CIDM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $6.90 × (1 + 2.73%) ÷ (11.38% – 2.73%)
$81.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $81.97 ÷ (1 + 11.38%)10
$27.91
NasdaqGM:CIDM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $44.96 + $27.91
$72.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $72.86 / 35.68
$2.04
NasdaqGM:CIDM Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.04
Current discount Discount to share price of $1.97
= -1 x ($1.97 - $2.04) / $2.04
3.5%

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

Current Discount
Amount off the current price Cinedigm is available for.
Intrinsic value
4%
Share price is $1.97 vs Future cash flow value of $2.04
Current Discount Checks
For Cinedigm to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cinedigm's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Cinedigm'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 Cinedigm's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cinedigm's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:CIDM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.27
NasdaqGM:CIDM Share Price ** NasdaqGM (2019-03-20) in USD $1.97
United States of America Entertainment Industry PE Ratio Median Figure of 24 Publicly-Listed Entertainment Companies 25.11x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

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

** Primary Listing of Cinedigm.

NasdaqGM:CIDM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:CIDM Share Price ÷ EPS (both in USD)

= 1.97 ÷ -0.27

-7.2x

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

  • Cinedigm is loss making, we can't compare its value to the US Entertainment industry average.
  • Cinedigm is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Cinedigm's expected growth come at a high price?
Raw Data
NasdaqGM:CIDM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
52.8%per year
United States of America Entertainment Industry PEG Ratio Median Figure of 20 Publicly-Listed Entertainment Companies 1.8x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Cinedigm, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cinedigm's assets?
Raw Data
NasdaqGM:CIDM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $-0.94
NasdaqGM:CIDM Share Price * NasdaqGM (2019-03-20) in USD $1.97
United States of America Entertainment Industry PB Ratio Median Figure of 53 Publicly-Listed Entertainment Companies 3.12x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGM:CIDM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:CIDM Share Price ÷ Book Value per Share (both in USD)

= 1.97 ÷ -0.94

-2.09x

* Primary Listing of Cinedigm.

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

  • Cinedigm has negative assets, we can't compare the value of its assets to the US Entertainment industry average.
X
Value checks
We assess Cinedigm'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. Cinedigm 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.

Future Performance

 How is Cinedigm expected to perform in the next 1 to 3 years based on estimates from 2 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
52.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cinedigm expected to grow at an attractive rate?
  • Cinedigm's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Cinedigm's earnings growth is expected to exceed the United States of America market average.
  • Cinedigm's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:CIDM Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:CIDM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 52.8%
NasdaqGM:CIDM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.4%
United States of America Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
United States of America Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 11%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NasdaqGM:CIDM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:CIDM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 64 5 1
2022-03-31 53 -2 1
2021-03-31 45 5 1
2020-03-31 44 -13 2
2019-03-31 56 -11 2
NasdaqGM:CIDM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 59 15 -10
2018-09-30 63 3 -13
2018-06-30 66 23 -17
2018-03-31 68 22 -19
2017-12-31 70 21 -29
2017-09-30 76 38 -23
2017-06-30 83 30 -16
2017-03-31 90 32 -15
2016-12-31 94 35 -12
2016-09-30 100 35 -14
2016-06-30 104 30 -36
2016-03-31 104 26 -42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cinedigm's earnings are expected to grow significantly at over 20% yearly.
  • Cinedigm's revenue is expected to grow by 1.4% 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
NasdaqGM:CIDM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Cinedigm Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:CIDM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 0.11 0.11 0.11 1.00
2022-03-31 -0.05 -0.05 -0.05 1.00
2021-03-31 0.11 0.11 0.11 1.00
2020-03-31 -0.36 -0.23 -0.49 2.00
2019-03-31 -0.29 -0.28 -0.30 2.00
NasdaqGM:CIDM Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.27
2018-09-30 -0.36
2018-06-30 -0.57
2018-03-31 -0.81
2017-12-31 -1.75
2017-09-30 -2.18
2017-06-30 -1.76
2017-03-31 -1.92
2016-12-31 -1.66
2016-09-30 -2.08
2016-06-30 -5.55
2016-03-31 -6.51

*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.
  • Unable to establish if Cinedigm will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cinedigm'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Cinedigm has a total score of 3/6, 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.

Past Performance

  How has Cinedigm 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 Cinedigm'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.
  • Cinedigm does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Cinedigm's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cinedigm's 1-year growth to the US Entertainment industry average as it is not currently profitable.
Earnings and Revenue History
Cinedigm'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 Cinedigm Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:CIDM 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 59.14 -10.31 26.74
2018-09-30 62.99 -12.96 30.09
2018-06-30 65.52 -16.93 29.74
2018-03-31 67.68 -18.81 29.45
2017-12-31 69.60 -28.51 30.21
2017-09-30 75.56 -23.06 26.83
2017-06-30 83.16 -16.08 24.88
2017-03-31 90.39 -15.49 24.99
2016-12-31 94.01 -11.90 26.06
2016-09-30 100.27 -13.90 27.16
2016-06-30 104.10 -35.77 30.63
2016-03-31 104.45 -42.10 34.16
2015-12-31 108.87 -46.82 34.10
2015-09-30 109.44 -46.29 33.60
2015-06-30 105.46 -28.54 33.07
2015-03-31 105.48 -28.47 30.91
2014-12-31 109.52 -18.16 30.85
2014-09-30 113.13 -18.92 30.71
2014-06-30 108.65 -18.74 28.26
2014-03-31 104.33 -14.32 26.73
2013-12-31 92.31 -29.92 25.00
2013-09-30 79.20 -28.48 23.54
2013-06-30 78.73 -27.10 22.80 -0.04
2013-03-31 81.09 -20.56 21.28
2012-12-31 79.14 -10.02 21.57 0.01
2012-09-30 77.16 -12.51 20.37 0.09
2012-06-30 79.42 -10.14 19.44 0.16
2012-03-31 76.56 -14.32 16.88 0.18

*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.
  • It is difficult to establish if Cinedigm has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Cinedigm used its assets less efficiently than the US Entertainment industry average last year based on Return on Assets.
  • It is difficult to establish if Cinedigm improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Cinedigm'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.
Cinedigm has a total score of 0/6, 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.

Health

 How is Cinedigm'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 Cinedigm's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cinedigm's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cinedigm's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cinedigm'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.
  • Low level of unsold assets.
  • Cinedigm has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 Cinedigm Company Filings, last reported 2 months ago.

NasdaqGM:CIDM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -31.16 64.78 17.14
2018-09-30 -28.66 67.14 15.69
2018-06-30 -25.50 63.97 17.82
2018-03-31 -22.30 68.29 17.95
2017-12-31 -22.41 74.77 17.22
2017-09-30 -76.41 116.76 9.66
2017-06-30 -74.67 133.91 9.79
2017-03-31 -70.70 140.17 12.57
2016-12-31 -72.43 156.52 16.83
2016-09-30 -76.30 176.91 14.41
2016-06-30 -77.00 187.25 14.38
2016-03-31 -73.03 203.48 25.48
2015-12-31 -67.18 214.16 26.24
2015-09-30 -66.07 217.26 18.96
2015-06-30 -43.65 235.47 29.25
2015-03-31 -19.14 202.15 19.00
2014-12-31 -8.53 216.16 29.59
2014-09-30 -6.78 224.13 29.75
2014-06-30 -0.05 232.97 36.74
2014-03-31 10.23 247.43 50.22
2013-12-31 -16.65 256.94 18.86
2013-09-30 -22.97 221.87 12.39
2013-06-30 -23.95 234.39 13.61
2013-03-31 -17.31 242.97 13.45
2012-12-31 -5.73 237.76 17.32
2012-09-30 -4.40 245.97 20.27
2012-06-30 -2.13 253.74 19.51
2012-03-31 -11.47 265.54 17.84
  • Cinedigm has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Cinedigm's debt level has increased considering it has negative shareholder equity.
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.

  • Whilst loss making Cinedigm has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Cinedigm has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.1% per year.
X
Financial health checks
We assess Cinedigm'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. Cinedigm has a total score of 3/6, 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.

Dividends

 What is Cinedigm'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
0%
Current annual income from Cinedigm dividends.
If you bought $2,000 of Cinedigm shares you are expected to receive $0 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?
  • Unable to evaluate Cinedigm's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cinedigm's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NasdaqGM:CIDM 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 2 Analyst Estimates (S&P Global) See Below
United States of America Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 1.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:CIDM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31
2020-03-31
2019-03-31

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

  • Unable to perform a dividend volatility check as Cinedigm has not reported any payouts.
  • Unable to verify if Cinedigm's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cinedigm's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cinedigm has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cinedigm'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 Cinedigm afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cinedigm has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Cinedigm'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
Chris McGurk
COMPENSATION $1,555,509
AGE 61
TENURE AS CEO 8.2 years
CEO Bio

Mr. Christopher J. McGurk, also known as Chris, has been the Chairman and Chief Executive Officer of Cinedigm Corp. (alternate name, Cinedigm Digital Cinema Corp.) since January 2011. Mr. McGurk served as the Chief Executive Officer of Anchor Bay Entertainment, LLC (alternate name, Anchor Bay Entertainment, Inc.). He founded and served as the Chief Executive Officer of Overture Films, LLC, wholly owned subsidiary of Starz Entertainment, LLC from November 13, 2006 to July 2010. He served as Senior Advisor of New Ventures of Starz Media, LLC from April 5, 2006 to November 2006. He served as the Chief Financial Officer of Pepsi Cola East and in various finance, sales and planning posts at PepsiCo for six years. Mr. McGurk served as the Chief Operating Officer of Metro-Goldwyn-Mayer Inc., from April 1999 to 2005. He served as President and Chief Operating Officer at the Motion Picture Group, as well as all international operations, worldwide home entertainment, exhibition (UCI and Loew's Cineplex), October Films and Polygram Filmed Entertainment. Mr. McGurk joined MGM from Universal Pictures, where he served in various executive capacities, including President and Chief Operating Officer, from 1996 to 1999. He served as the President at Walt Disney Studios, a Division of The Walt Disney Company, from 1994 to 1996 and as Executive Vice President and Chief Financial Officer thereof from 1990 to 1994. From 1988 to 1996, Mr. McGurk served in several senior executive roles at The Walt Disney Studios, including Studios Chief Financial Officer and President of The Walt Disney Motion Picture Group. Mr. McGurk has over 30 years of experience in executive leadership positions at MGM Studios, Overture Films, Anchor Bay Entertainment, Universal Studios, Disney Studios, Pepsico and Price Waterhouse. His 24 years of executive experience also include key management positions at Pepsico and PriceWaterhouse. He played the leading role in MGM's reinvigoration, spearheading efforts that resulted MGM's industry leadership in Home Entertainment library sales, marketing and distribution. Mr. McGurk maximized the asset value of Hollywood's largest modern film library, transformed the Hollywood's largest modern film library's United Artist's label into a specialty film unit and negotiated strategic alliances with Twentieth Century Fox and NBC. He served as Vice Chairman of Metro-Goldwyn-Mayer Inc. (MGM) from April 1999 to April 2005. Mr. McGurk has been a Director at Cinedigm Corp (Formerly known as Cinedigm Digital Cinema Corp) since January 2011. He serves as Member of the Academy of Motion Picture Arts & Sciences and is also a Member of the Academy of Television Arts & Sciences. He has been a Member of Advisory Board at Loton Corp. since March 11, 2015. He serves as Director of The Creative Coalition Inc., the Foundation of Motion Picture Pioneers; the American Cinemathique Board of Directors; and the Entertainment Industries Council Board of Trustees. He served as a Director of BRE Properties Inc. since February 7, 2006. He served as a Director of Lions Gate Entertainment Corp. since December 14, 2010. He served as Director of Metro-Goldwyn-Mayer Inc. He served as an Independent Director of DivX, LLC (alternate name, DivX, Inc.) since January 2006. He served as an Independent Non Executive Director of Cookie Jar Entertainment Holdings (USA) Inc. and MGM Studios, Inc. He serves as an Independent Director of PriceGrabber.com, Inc. since October 2005. Mr. McGurk serves on numerous industry-related and charitable organizations. He serves as sits on the Board of Advisors of The Syracuse University Management School and is a guest lecturer at the Annenberg School of Communications, the School of Cinema and Television and the Graduate Business School at the University of Southern California. He served as a Director of The Motion Picture and Television Fund (MPTF). Mr. McGurk received the H.E.L.P. Group's “Spirit of Hope Award“ in 2002 and its “Leader of Vision“ award in 2003. He also delivered the Convocation Address at the 2004 graduation ceremony for the University of Chicago Graduate School of Business. Mr. McGurk received a Bachelor of Science degree in Accounting from Syracuse University School of Management and a Master of Business Administration degree from the University of Chicago Graduate School of Business.

CEO Compensation
  • Chris's compensation has increased whilst company is loss making.
  • Chris's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Cinedigm management team in years:

4.8
Average Tenure
59
Average Age
  • The tenure for the Cinedigm management team is about average.
Management Team

Chris McGurk

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
61
TENURE
8.2 yrs

Gary Loffredo

TITLE
COO, President of Digital Cinema
COMPENSATION
$661K
AGE
53
TENURE
0.1 yrs

Ron Chez

TITLE
Strategic Advisor
AGE
78
TENURE
1.9 yrs

Bill Sondheim

TITLE
President of Worldwide Distribution & Cinedigm Entertainment Group
COMPENSATION
$638K
AGE
57
TENURE
5.4 yrs

Mellonie Suen

TITLE
Executive Director of Accounting & Royalties

Jill Calcaterra

TITLE
Chief Marketing Officer and Executive VP of Corporate Marketing & Communications

Dan Coyle

TITLE
Senior Vice President of Sales

Mark Torres

TITLE
Vice President of Human Resources
TENURE
0.7 yrs

Erick Opeka

TITLE
President of Digital Networks
TENURE
4.8 yrs

Yolanda Macias

TITLE
Executive Vice President of Content Acquisitions
TENURE
5.4 yrs
Board of Directors Tenure

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

3.4
Average Tenure
47
Average Age
  • The tenure for the Cinedigm board of directors is about average.
Board of Directors

Peter Brown

TITLE
Independent Director
COMPENSATION
$120K
AGE
59
TENURE
8.5 yrs

Chris McGurk

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
61
TENURE
8.2 yrs

Zvi Rhine

TITLE
Independent Director
COMPENSATION
$120K
AGE
39
TENURE
3.7 yrs

Pat O’Brien

TITLE
Lead Independent Director
COMPENSATION
$142K
AGE
72
TENURE
3.2 yrs

Laura Sims

TITLE
Board Observer
COMPENSATION
$63K
AGE
39
TENURE
3.4 yrs

Peixin Xu

TITLE
Director
COMPENSATION
$42K
AGE
47
TENURE
1.3 yrs

Peng Jin

TITLE
Director
COMPENSATION
$42K
AGE
42
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Cinedigm'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. Cinedigm 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.

News

Simply Wall St News

Why Cinedigm Corp. (NASDAQ:CIDM) Could Be Worth Watching

As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Is there still an opportunity here to buy. … Let’s examine Cinedigm’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Does Cinedigm Corp. (NASDAQ:CIDM) Have A Volatile Share Price?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Should You Worry About Cinedigm Corp.'s (NASDAQ:CIDM) CEO Pay?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Chris McGurk's Compensation Compare With Similar Sized Companies. … has a market cap of US$21m, and is paying total annual CEO compensation of US$1.6m.

Simply Wall St -

How Does Cinedigm Corp (NASDAQ:CIDM)’s Prospect Stack Up To Its Media Peers?

is a media company operating in an industry. … Although there is higher competition, consumer behaviour has also adapted to new activities such as omnichannel viewing, allowing individuals to consume more content than ever before … The whole industry continues to expand at a high rate driven by consumer behaviour and technology

Simply Wall St -

How Should Investors React To Cinedigm Corp's (NASDAQ:CIDM) CEO Pay?

Chris McGurk took the reins as CEO of Cinedigm Corp's (NASDAQ:CIDM) and grew market cap to US$55.57m recently. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Check out our latest analysis for Cinedigm

Simply Wall St -

Cinedigm Corp (NASDAQ:CIDM): How Does It Impact Your Portfolio?

CIDM's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … With a market cap of US$57.31M, CIDM falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

Should You Be Concerned About Cinedigm Corp's (NASDAQ:CIDM) Shareholders?

Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Another group of owners that a potential investor in CIDM should consider are private companies, with a stake of 0.66%.

Simply Wall St -

Is Cinedigm Corp's (NASDAQ:CIDM) CEO Being Overpaid?

Over the last year CIDM delivered negative earnings of -US$28.51M , which is a further decline from prior year's loss of -US$11.90M. … Though no standard benchmark exists, since compensation should be tailored to the specific company and market, we can estimate a high-level benchmark to see if CIDM is an outlier. … Typically I would use earnings and market cap to account for variations in performance, however, CIDM's negative earnings lower the effectiveness of this method.

Simply Wall St -

Cinedigm Corp (NASDAQ:CIDM): Does The -139.53% Earnings Drop Reflect A Longer Term Trend?

For the most up-to-date info, I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For Cinedigm, its most recent earnings (trailing twelve month) is -US$28.51M, which, against the prior year's level, has become more negative. … The intrinsic value infographic in our free research report helps visualize whether CIDM is currently mispriced by the market?

Simply Wall St -

Who Are The Major Shareholders Of Cinedigm Corp (NASDAQ:CIDM)?

I am going to take a deep dive into Cinedigm Corp’s (NASDAQ:CIDM) most recent ownership structure, not a frequent subject of discussion among individual investors. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … Thus, investors not need worry too much about the consequences of these holdings.What this means for you: With a low level of institutional ownership, investors in CIDM need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Company Info

Description

Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States. The company operates through four segments: The First Digital Cinema Deployment, The Second Digital Cinema Deployment, Digital Cinema Services, and Media Content and Entertainment Group. It manages a library of distribution rights to various titles and episodes released across digital, physical, and home and mobile entertainment platforms, as well as services digital cinema assets on approximately 12,000 domestic and foreign movie screens. The company distributes its products for various brands, such as Hallmark, Televisa, ZDF, Shout! Factory, NFL, NHL, and Scholastic, as well as international and domestic content creators, movie producers, television producers, and other short form digital content producers. It also collaborates with producers, various brands, and other content owners to market, source, curate, and distribute content to targeted audiences through existing and emerging digital home entertainment platforms, including iTunes, Amazon Prime, Netflix, Hulu, Xbox, PlayStation, and cable video-on-demand; and distributes DVD and Blu-ray discs to wholesalers and retailers with sales coverage to approximately 60,000 brick and mortar storefronts, including Walmart, Target, Best Buy, and Amazon. In addition, the company operates various branded and curated over-the-top entertainment channels, including Docurama, CONtv, and Dove Channel. Cinedigm Corp. has a strategic alliance with Starrise Media Holdings Limited to release films in China theatrically and to digital platforms, as well as to evaluate opportunities to jointly produce Chinese/American film co-productions. The company was formerly known as Cinedigm Digital Cinema Corp. and changed its name to Cinedigm Corp. in September 2013. Cinedigm Corp. was founded in 2000 and is based in New York, New York.

Details
Name: Cinedigm Corp.
CIDM
Exchange: NasdaqGM
Founded: 2000
$70,286,148
35,678,248
Website: http://www.cinedigm.com
Address: Cinedigm Corp.
45 West 36th Street,
7th Floor,
New York,
New York, 10018,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM CIDM Class A Common Stock Nasdaq Global Market US USD 10. Nov 2003
DB IQ51 Class A Common Stock Deutsche Boerse AG DE EUR 10. Nov 2003
Number of employees
Current staff
Staff numbers
107
Cinedigm employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:57
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/02/19
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.