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RDI

Reading InternationalNasdaqCM:RDI Stock Report

Last Price

US$4.31

Market Cap

US$125.5m

7D

-0.2%

1Y

-41.1%

Updated

26 Jan, 2022

Data

Company Financials +
RDI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance1/6
Financial Health1/6
Dividends0/6

RDI Stock Overview

Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand.

Reading International Competitors

Walt Disney

NYSE:DIS

US$248.5b

AMC Entertainment Holdings

NYSE:AMC

US$8.2b

Cinemark Holdings

NYSE:CNK

US$1.8b

IMAX

NYSE:IMAX

US$1.0b

Price History & Performance

Summary of all time highs, changes and price drops for Reading International
Historical stock prices
Current Share PriceUS$4.31
52 Week HighUS$7.62
52 Week LowUS$3.86
Beta1.71
1 Month Change5.90%
3 Month Change-10.58%
1 Year Change-41.12%
3 Year Change-72.65%
5 Year Change-73.64%
Change since IPO23.14%

Recent News & Updates

Dec 02
Shareholders May Be Wary Of Increasing Reading International, Inc.'s (NASDAQ:RDI) CEO Compensation Package

Shareholders May Be Wary Of Increasing Reading International, Inc.'s (NASDAQ:RDI) CEO Compensation Package

Shareholders will probably not be too impressed with the underwhelming results at Reading International, Inc...

Nov 30
Should You Investigate Reading International, Inc. (NASDAQ:RDI) At US$4.24?

Should You Investigate Reading International, Inc. (NASDAQ:RDI) At US$4.24?

While Reading International, Inc. ( NASDAQ:RDI ) might not be the most widely known stock at the moment, it saw...

Shareholder Returns

RDIUS EntertainmentUS Market
7D-0.2%-13.4%-5.1%
1Y-41.1%-33.7%3.3%

Return vs Industry: RDI underperformed the US Entertainment industry which returned -33.6% over the past year.

Return vs Market: RDI underperformed the US Market which returned 4.2% over the past year.

Price Volatility

Is RDI's price volatile compared to industry and market?
RDI volatility
RDI Average Weekly Movement5.7%
Entertainment Industry Average Movement10.8%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

Stable Share Price: RDI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: RDI's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19371,491Ellen Cotterhttps://www.readingrdi.com

Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.

Reading International Fundamentals Summary

How do Reading International's earnings and revenue compare to its market cap?
RDI fundamental statistics
Market CapUS$125.49m
Earnings (TTM)US$14.18m
Revenue (TTM)US$104.16m

6.6x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RDI income statement (TTM)
RevenueUS$104.16m
Cost of RevenueUS$112.00m
Gross Profit-US$7.84m
Expenses-US$22.02m
EarningsUS$14.18m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.65
Gross Margin-7.53%
Net Profit Margin13.61%
Debt/Equity Ratio234.5%

How did RDI perform over the long term?

See historical performance and comparison

Valuation

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

6.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RDI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RDI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: RDI is good value based on its PE Ratio (6.6x) compared to the US Entertainment industry average (32x).

PE vs Market: RDI is good value based on its PE Ratio (6.6x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: RDI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: RDI is good value based on its PB Ratio (0.9x) compared to the US Entertainment industry average (2.1x).


Future Growth

How is Reading International forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-91.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RDI's earnings are forecast to decline over the next 3 years (-91.9% per year).

Earnings vs Market: RDI's earnings are forecast to decline over the next 3 years (-91.9% per year).

High Growth Earnings: RDI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: RDI's revenue (42.1% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: RDI's revenue (42.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RDI is forecast to be unprofitable in 3 years.


Past Performance

How has Reading International performed over the past 5 years?

-52.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RDI has a large one-off gain of $92.1M impacting its September 30 2021 financial results.

Growing Profit Margin: RDI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RDI's earnings have declined by 52% per year over the past 5 years.

Accelerating Growth: RDI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RDI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Entertainment industry (19.5%).


Return on Equity

High ROE: RDI's Return on Equity (16.2%) is considered low.


Financial Health

How is Reading International's financial position?


Financial Position Analysis

Short Term Liabilities: RDI's short term assets ($105.5M) exceed its short term liabilities ($100.7M).

Long Term Liabilities: RDI's short term assets ($105.5M) do not cover its long term liabilities ($490.9M).


Debt to Equity History and Analysis

Debt Level: RDI's net debt to equity ratio (146.5%) is considered high.

Reducing Debt: RDI's debt to equity ratio has increased from 91.4% to 234.5% over the past 5 years.

Debt Coverage: RDI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if RDI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Reading International current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate RDI'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 RDI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RDI'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 RDI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

  • Explore strong dividend paying companies in the Media industry.

Management

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

5.8yrs

Average management tenure


CEO

Ellen Cotter (55 yo)

6.58yrs

Tenure

US$1,220,358

Compensation

Ms. Ellen Marie Cotter has been Chief Executive Officer and President at Reading International, Inc. since January 8, 2016 and has been its Director since March 13, 2013 and serves as its Vice Chairman. Sh...


CEO Compensation Analysis

Compensation vs Market: Ellen's total compensation ($USD1.22M) is above average for companies of similar size in the US market ($USD584.00K).

Compensation vs Earnings: Ellen's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: RDI's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: RDI's board of directors are considered experienced (8.4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Reading International, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Reading International, Inc.
  • Ticker: RDI
  • Exchange: NasdaqCM
  • Founded: 1937
  • Industry: Movies and Entertainment
  • Sector: Media
  • Implied Market Cap: US$125.493m
  • Shares outstanding: 21.81m
  • Website: https://www.readingrdi.com

Number of Employees


Location

  • Reading International, Inc.
  • 5995 Sepulveda Boulevard
  • Suite 300
  • Culver City
  • California
  • 90230
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 00:53
End of Day Share Price2022/01/25 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.