NasdaqGS:NCMI

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Executive Summary

National CineMedia, Inc., through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. More Details


Snowflake Analysis

High growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has National CineMedia's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NCMI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: NCMI's weekly volatility has decreased from 18% to 11% over the past year.


Market Performance


7 Day Return

0.6%

NCMI

5.5%

US Media

-0.4%

US Market


1 Year Return

-25.1%

NCMI

42.9%

US Media

36.2%

US Market

Return vs Industry: NCMI underperformed the US Media industry which returned 43% over the past year.

Return vs Market: NCMI underperformed the US Market which returned 36.3% over the past year.


Shareholder returns

NCMIIndustryMarket
7 Day0.6%5.5%-0.4%
30 Day13.1%9.9%-2.3%
90 Day28.0%11.9%5.0%
1 Year-19.6%-25.1%44.8%42.9%39.1%36.2%
3 Year-8.9%-31.5%55.5%49.0%48.4%39.0%
5 Year-49.8%-67.9%97.1%82.6%116.6%92.4%

Long-Term Price Volatility Vs. Market

How volatile is National CineMedia's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NCMI ($4.75) is trading below our estimate of fair value ($12.26)

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


Price To Earnings Ratio

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

PE vs Market: NCMI 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 NCMI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NCMI has negative assets, so we can't compare its PB Ratio to the US Media industry average.


Next Steps

Future Growth

How is National CineMedia forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

101.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NCMI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: NCMI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NCMI's is expected to become profitable in the next 3 years.

Revenue vs Market: NCMI's revenue (44.7% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: NCMI's revenue (44.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has National CineMedia performed over the past 5 years?

2.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NCMI is currently unprofitable.

Growing Profit Margin: NCMI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NCMI is unprofitable, but has reduced losses over the past 5 years at a rate of 2.9% per year.

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

Earnings vs Industry: NCMI is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-20.7%).


Return on Equity

High ROE: NCMI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is National CineMedia's financial position?


Financial Position Analysis

Short Term Liabilities: NCMI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: NCMI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: NCMI has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: NCMI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: NCMI's debt is not well covered by operating cash flow (11%).

Interest Coverage: NCMI is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is National CineMedia current dividend yield, its reliability and sustainability?

5.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NCMI's dividend (5.89%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: NCMI's dividend (5.89%) is in the top 25% of dividend payers in the US market (3.64%)


Stability and Growth of Payments

Stable Dividend: NCMI's dividend payments have been volatile in the past 10 years.

Growing Dividend: NCMI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: NCMI is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: NCMI's dividends in 3 years are not forecast to be well covered by earnings (94.1% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Tom Lesinski (60 yo)

1.58yrs

Tenure

US$2,767,087

Compensation

Mr. Thomas F. Lesinski, also known as Tom, serves as Interim Principal Financial Officer at National CineMedia, Inc. since April 28, 2020. He has been Chief Executive Officer of National CineMedia, Inc., ...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD2.77M) is about average for companies of similar size in the US market ($USD2.24M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Lesinski
CEO, Interim Principal Financial Officer & Director1.58yrsUS$2.77m0.17%
$ 1.3m
Clifford Marks
President4.83yrsUS$2.92m0.45%
$ 3.5m
Sarah Hilty
Executive VP3.08yrsUS$794.19k0.11%
$ 860.4k
Scott Felenstein
Executive VP & Chief Revenue Officer3.92yrsUS$1.35m0.22%
$ 1.7m
Adam Johnson
Senior Vice President of Operations & Planningno datano datano data
Julie Patterson
Interim Principal Accounting Officer0.92yrno data0.049%
$ 383.5k
Chuck Fredrick
Senior VP & Chief Information Officerno datano datano data
Dave Kupiec
Executive Vice President of Sales & Marketing19.17yrsno datano data
Lawrence Snapp
Chief Digital Officer & Senior VP of Corporate Development4.5yrsno datano data
Christine Fenner
Senior Vice President of Human Resourcesno datano datano data
Tom Reilly
Executive Vice President of Regional Sales5.92yrsno datano data
Stacie Tursi
Senior Vice President of Affiliate Partnerships5.92yrsno datano data

4.5yrs

Average Tenure

58yo

Average Age

Experienced Management: NCMI's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Lesinski
CEO, Interim Principal Financial Officer & Director1.58yrsUS$2.77m0.17%
$ 1.3m
Kurt Hall
Director2.17yrsUS$193.32k0.88%
$ 6.9m
Juliana Hill
Independent Director0.58yrno data0.016%
$ 124.3k
Mark Segall
Independent Chairman of the Board1.58yrsUS$380.03k0.061%
$ 475.3k
Lee Mitchell
Director14.42yrsno datano data
Lawrence Goodman
Independent Director14.08yrsUS$272.74k0.12%
$ 962.5k
Donna Reisman
Independent Director1.42yrsUS$33.27k0.021%
$ 165.2k
David Glazek
Independent Director1.33yrsno datano data
Renana Teperberg
Director3yrsno datano data

2.2yrs

Average Tenure

58yo

Average Age

Experienced Board: NCMI's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

National CineMedia, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: National CineMedia, Inc.
  • Ticker: NCMI
  • Exchange: NasdaqGS
  • Founded: 2005
  • Industry: Advertising
  • Sector: Media
  • Implied Market Cap: US$779.532m
  • Market Cap: US$378.008m
  • Shares outstanding: 164.11m
  • Website: https://www.ncm.com

Number of Employees


Location

  • National CineMedia, Inc.
  • 6300 South Syracuse Way
  • Suite 300
  • Centennial
  • Colorado
  • 80111
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NCMINasdaqGS (Nasdaq Global Select)YesCommon Stock Par Value 0.01USUSDFeb 2007
XWMDB (Deutsche Boerse AG)YesCommon Stock Par Value 0.01DEEURFeb 2007

Biography

National CineMedia, Inc., through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/06 23:30
End of Day Share Price2021/03/05 00:00
Earnings2020/09/24
Annual Earnings2019/12/26


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.