NasdaqCM:RDI

Stock Analysis Report

Reading International

Executive Summary

Reading International, Inc. engages in the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand.

Snowflake

Fundamentals

Reasonable growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Reading International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

NasdaqCM:RDI

-5.6%

US Entertainment

-1.2%

US Market


1 Year Return

-17.3%

NasdaqCM:RDI

-0.09%

US Entertainment

3.4%

US Market

RDI underperformed the Entertainment industry which returned 0.8% over the past year.

RDI underperformed the Market in United States of America which returned 3.9% over the past year.


Share holder returns

RDIIndustryMarket
7 Day0.8%-5.6%-1.2%
30 Day-2.5%-3.4%1.2%
90 Day-17.7%-1.8%1.7%
1 Year-17.3%-17.3%0.6%-0.09%5.7%3.4%
3 Year-5.7%-5.7%67.5%61.8%45.0%35.5%
5 Year60.4%60.4%94.2%82.0%59.3%41.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Reading International undervalued based on future cash flows and its price relative to the stock market?

32.49x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Reading International to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Reading International to establish if it is available at substantial discount.


Price Based on Earnings

Reading International is overvalued based on earnings compared to the US Entertainment industry average.

Reading International is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Reading International is good value based on expected growth next year.


Price Based on Value of Assets

Reading International is good value based on assets compared to the US Entertainment industry average.


Next Steps

Future Growth

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

34.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Reading International's revenue is expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).

Reading International's earnings are expected to grow significantly at over 20% yearly.

Reading International's revenue growth is expected to exceed the United States of America market average.

Reading International's earnings growth is expected to exceed the United States of America market average.

Reading International's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Reading International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Reading International performed over the past 5 years?

-2.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Reading International's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Reading International's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Reading International's 1-year earnings growth is negative, it can't be compared to the US Entertainment industry average.


Return on Equity

Reading International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Reading International used its assets less efficiently than the US Entertainment industry average last year based on Return on Assets.


Return on Capital Employed

Reading International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Reading International's financial position?


Financial Position Analysis

Reading International's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Reading International's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Reading International's level of debt (103.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (137.6% vs 103.6% today).

Debt is not well covered by operating cash flow (14.1%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Reading International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Reading International's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Reading International has not reported any payouts.

Unable to verify if Reading International's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Reading International has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Reading International's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Reading International's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

Ellen Cotter (53yo)

4.1yrs

Tenure

US$1,340,124

Compensation

Ms. Ellen Marie Cotter has been Chief Executive Officer and President at Reading International, Inc. since January 8, 2016 and has been its Chairperson since August 7, 2014. Ms. Cotter served as the Chief  ...


CEO Compensation Analysis

Ellen's remuneration is about average for companies of similar size in United States of America.

Ellen's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.0yrs

Average Tenure

59yo

Average Age

The tenure for the Reading International management team is about average.


Board Age and Tenure

4.9yrs

Average Tenure

67yo

Average Age

The tenure for the Reading International board of directors is about average.


Insider Trading

Reading International individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$100,12522 Jun 19
Margaret Cotter
EntityIndividual
Role
Vice Chairperson
Vice Chairman
Shares7,500
Max PriceUS$13.35
SellUS$54,04020 Jun 19
Margaret Cotter
EntityIndividual
Role
Vice Chairperson
Vice Chairman
Shares4,000
Max PriceUS$13.51
SellUS$151,00411 Jun 19
Margaret Cotter
EntityIndividual
Role
Vice Chairperson
Vice Chairman
Shares11,505
Max PriceUS$13.19
SellUS$26,27003 Jun 19
Margaret Cotter
EntityIndividual
Role
Vice Chairperson
Vice Chairman
Shares2,000
Max PriceUS$13.13
SellUS$65,30030 May 19
Margaret Cotter
EntityIndividual
Role
Vice Chairperson
Vice Chairman
Shares5,000
Max PriceUS$13.06
SellUS$28,82021 May 19
Margaret Cotter
EntityIndividual
Role
Vice Chairperson
Vice Chairman
Shares2,000
Max PriceUS$14.41
SellUS$224,30526 Mar 19
Margaret Cotter
EntityIndividual
Role
Vice Chairperson
Vice Chairman
Shares13,995
Max PriceUS$16.03
SellUS$54,85724 Sep 18
James Cotter
EntityIndividual
Shares3,500
Max PriceUS$15.77
SellUS$54,85721 Sep 18
Margaret Cotter
EntityIndividual
Role
Vice Chairperson
Vice Chairman
Shares3,500
Max PriceUS$15.77
SellUS$152,13623 Aug 18
James Cotter
EntityIndividual
Shares9,400
Max PriceUS$16.20

Ownership Breakdown


Management Team

  • Robert Smerling (84yo)

    President of Domestic Cinemas

    • Tenure: 3.5yrs
    • Compensation: $609.30k
  • Dev Ghose (65yo)

    • Tenure: 0.5yrs
    • Compensation: $840.95k
  • Guy Adams (68yo)

    Lead Technology & Cyber Risk Director and Director

    • Compensation: $219.75k
  • Andrzej Matyczynski (66yo)

    Executive Vice President of Global Operations

    • Tenure: 3.3yrs
    • Compensation: $541.74k
  • S. Tompkins (68yo)

    Executive VP & General Counsel

    • Tenure: 2.1yrs
    • Compensation: $671.29k
  • Ellen Cotter (53yo)

    Chairperson of the Board

    • Tenure: 4.1yrs
    • Compensation: $1.34m
  • Gilbert Avanes (45yo)

    Interim CFO

    • Tenure: 0.5yrs
  • Matthew Bourke (50yo)

    Managing Director of Real Estate

    • Tenure: 2.7yrs
  • Steve Lucas (48yo)

    Chief Accounting Officer

  • Margaret Cotter (51yo)

    Vice Chairperson

    • Tenure: 3.3yrs
    • Compensation: $602.93k

Board Members

  • Ellen Cotter (53yo)

    Chairperson of the Board

    • Tenure: 4.9yrs
    • Compensation: $1.34m
  • Margaret Cotter (51yo)

    Vice Chairperson

    • Tenure: 4.9yrs
    • Compensation: $602.93k
  • Edward Kane (81yo)

    Lead Independent Director

    • Compensation: $220.07k
  • Guy Adams (68yo)

    Lead Technology & Cyber Risk Director and Director

    • Tenure: 5.5yrs
    • Compensation: $219.75k
  • Judy Codding (74yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: $198.75k
  • Doug McEachern (67yo)

    Director

    • Tenure: 7.2yrs
    • Compensation: $213.75k
  • Michael Wrotniak (52yo)

    Director

    • Tenure: 3.8yrs
    • Compensation: $204.03k

Company Information

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


Key Information

  • Name: Reading International, Inc.
  • Ticker: RDI
  • Exchange: NasdaqCM
  • Founded: 1999
  • Industry: movies and entertainment
  • Sector: media
  • Market Cap: US$314.795m
  • Shares outstanding: 22.96m
  • Website: Click here

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RDINasdaqCM (Nasdaq Capital Market)YesClass A Non-Voting Common StockUSUSDJan 2000
RDIBNasdaqCM (Nasdaq Capital Market)Class B Voting Common StockUSUSDJan 2000

Biography

Reading International, Inc. engages in the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segm ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/19 23:44
End of Day Share Price2019/07/19 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.