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Cinemark Holdings

NYSE:CNK
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CNK
NYSE
$5B
Market Cap
  1. Home
  2. US
  3. Media
Company description

Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. The last earnings update was 78 days ago. More info.


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CNK Share Price and Events
7 Day Returns
3.2%
NYSE:CNK
1.5%
US Entertainment
0.9%
US Market
1 Year Returns
17.5%
NYSE:CNK
6.8%
US Entertainment
-8%
US Market
CNK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cinemark Holdings (CNK) 3.2% 11.4% -3.5% 17.5% 35.5% 35.5%
US Entertainment 1.5% 4.7% -8% 6.8% 60.3% 91.5%
US Market 0.9% -0.3% -8.1% -8% 37.1% 32.9%
1 Year Return vs Industry and Market
  • CNK outperformed the Entertainment industry which returned 6.8% over the past year.
  • CNK outperformed the Market in United States of America which returned -8% over the past year.
Price Volatility
CNK
Industry
5yr Volatility vs Market

Value

 Is Cinemark Holdings 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 Cinemark Holdings 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 Cinemark Holdings.

NYSE:CNK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.7%
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 NYSE:CNK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.025 (1 + (1- 21%) (43.24%))
1.375
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.37
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.375 * 7.27%)
12.72%

Discounted Cash Flow Calculation for NYSE:CNK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cinemark Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:CNK DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 309.50 305.90 426.00 440.76 456.03
Source Analyst x2 Analyst x3 Analyst x1 Est @ 3.46% Est @ 3.46%
Present Value
Discounted (@ 12.72%)
274.57 240.74 297.42 273.00 250.57
Present value of next 5 years cash flows $1,336.31
NYSE:CNK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $456.03 × (1 + 2.73%) ÷ (12.72% – 2.73%)
$4,688.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $4,688.20 ÷ (1 + 12.72%)5
$2,576.01
NYSE:CNK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $1,336.31 + $2,576.01
$3,912.32
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,912.32 / 116.83
$33.49
NYSE:CNK Discount to Share Price
Calculation Result
Value per share (USD) From above. $33.49
Current discount Discount to share price of $40.92
= -1 x ($40.92 - $33.49) / $33.49
-22.2%

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

  • The current share price of Cinemark Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Cinemark Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cinemark Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CNK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $2.48
NYSE:CNK Share Price ** NYSE (2019-01-18) in USD $40.92
United States of America Entertainment Industry PE Ratio Median Figure of 24 Publicly-Listed Entertainment Companies 24.63x
United States of America Market PE Ratio Median Figure of 3,018 Publicly-Listed Companies 16.76x

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

** Primary Listing of Cinemark Holdings.

NYSE:CNK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CNK Share Price ÷ EPS (both in USD)

= 40.92 ÷ 2.48

16.49x

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

  • Cinemark Holdings is good value based on earnings compared to the US Entertainment industry average.
  • Cinemark Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Cinemark Holdings's expected growth come at a high price?
Raw Data
NYSE:CNK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
4.8%per year
United States of America Entertainment Industry PEG Ratio Median Figure of 19 Publicly-Listed Entertainment Companies 2.11x
United States of America Market PEG Ratio Median Figure of 2,101 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

NYSE:CNK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.49x ÷ 4.8%

3.46x

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

  • Cinemark Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cinemark Holdings's assets?
Raw Data
NYSE:CNK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $12.55
NYSE:CNK Share Price * NYSE (2019-01-18) in USD $40.92
United States of America Entertainment Industry PB Ratio Median Figure of 55 Publicly-Listed Entertainment Companies 3.17x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.72x
NYSE:CNK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CNK Share Price ÷ Book Value per Share (both in USD)

= 40.92 ÷ 12.55

3.26x

* Primary Listing of Cinemark Holdings.

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

  • Cinemark Holdings is overvalued based on assets compared to the US Entertainment industry average.
X
Value checks
We assess Cinemark Holdings'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. Cinemark Holdings has a total score of 2/6, 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 Cinemark Holdings expected to perform in the next 1 to 3 years based on estimates from 11 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
4.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cinemark Holdings expected to grow at an attractive rate?
  • Cinemark Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Cinemark Holdings's earnings growth is positive but not above the United States of America market average.
  • Cinemark Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CNK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CNK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 4.8%
NYSE:CNK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.6%
United States of America Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 10.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
NYSE:CNK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CNK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 3,409 615 280 9
2019-12-31 3,293 572 271 11
2018-12-31 3,174 547 248 12
NYSE:CNK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 3,173 567 288
2018-06-30 3,130 573 276
2018-03-31 2,992 462 245
2017-12-31 2,992 528 263
2017-09-30 2,942 485 245
2017-06-30 3,000 487 272
2017-03-31 2,994 535 275
2016-12-31 2,919 452 254
2016-09-30 2,925 508 235
2016-06-30 2,857 476 215
2016-03-31 2,912 498 232
2015-12-31 2,853 456 216

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cinemark Holdings's earnings are expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
  • Cinemark Holdings's revenue is expected to grow by 3.6% 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
NYSE:CNK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Cinemark Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CNK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 2.40 2.60 1.91 6.00
2019-12-31 2.32 2.75 2.03 8.00
2018-12-31 2.16 2.40 1.93 8.00
NYSE:CNK Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 2.48
2018-06-30 2.38
2018-03-31 2.12
2017-12-31 2.27
2017-09-30 2.12
2017-06-30 2.35
2017-03-31 2.38
2016-12-31 2.20
2016-09-30 2.03
2016-06-30 1.87
2016-03-31 2.01
2015-12-31 1.87

*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.
  • Cinemark Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cinemark Holdings'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.
Cinemark Holdings has a total score of 1/6, 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 Cinemark Holdings 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 Cinemark Holdings'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.
  • Cinemark Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Cinemark Holdings's 1-year earnings growth exceeds its 5-year average (17.5% vs 12%)
  • Cinemark Holdings's earnings growth has not exceeded the US Entertainment industry average in the past year (17.5% vs 63.2%).
Earnings and Revenue History
Cinemark Holdings'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 Cinemark Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CNK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 3,173.25 287.83 866.04
2018-06-30 3,129.77 275.82 861.05
2018-03-31 2,991.91 245.21 846.79
2017-12-31 2,991.55 262.83 835.99
2017-09-30 2,942.47 244.89 818.89
2017-06-30 3,000.30 272.32 815.20
2017-03-31 2,993.51 274.97 805.53
2016-12-31 2,918.77 253.90 790.41
2016-09-30 2,925.07 234.66 792.03
2016-06-30 2,856.55 215.43 785.40
2016-03-31 2,912.08 231.54 782.75
2015-12-31 2,852.61 215.56 777.60
2015-09-30 2,805.33 205.15 767.06
2015-06-30 2,752.18 196.87 755.04
2015-03-31 2,670.11 198.34 747.11
2014-12-31 2,626.99 191.27 742.42
2014-09-30 2,618.98 159.73 751.36
2014-06-30 2,729.64 201.10 765.72
2014-03-31 2,737.40 149.90 760.16
2013-12-31 2,682.89 146.94 741.06
2013-09-30 2,642.50 158.95 446.67
2013-06-30 2,518.50 126.54 562.74
2013-03-31 2,442.49 157.50 477.24
2012-12-31 2,473.53 166.89 681.46
2012-09-30 2,397.87 157.48 605.14
2012-06-30 2,404.31 157.05 383.75
2012-03-31 2,375.30 146.02 373.94

*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.
  • Cinemark Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cinemark Holdings used its assets more efficiently than the US Entertainment industry average last year based on Return on Assets.
  • Cinemark Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cinemark Holdings'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.
Cinemark Holdings has a total score of 3/6, 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 Cinemark Holdings'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 Cinemark Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cinemark Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cinemark Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cinemark Holdings'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
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 Cinemark Holdings Company Filings, last reported 3 months ago.

NYSE:CNK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1,469.53 2,036.99 366.80
2018-06-30 1,463.81 2,048.44 504.71
2018-03-31 1,471.99 2,055.27 474.05
2017-12-31 1,405.69 2,064.14 522.55
2017-09-30 1,351.82 2,065.93 469.45
2017-06-30 1,335.42 2,041.11 504.18
2017-03-31 1,333.03 2,041.43 584.32
2016-12-31 1,272.96 2,043.53 561.24
2016-09-30 1,233.62 2,019.38 527.11
2016-06-30 1,200.07 2,021.71 583.60
2016-03-31 1,150.97 2,027.57 583.89
2015-12-31 1,110.81 2,009.07 588.54
2015-09-30 1,096.11 2,034.41 502.91
2015-06-30 1,135.54 2,040.89 576.29
2015-03-31 1,093.23 2,037.19 532.85
2014-12-31 1,123.13 2,010.05 638.87
2014-09-30 1,129.38 2,047.24 546.67
2014-06-30 1,156.42 2,050.38 578.14
2014-03-31 1,100.07 2,056.51 562.70
2013-12-31 1,102.42 2,058.33 599.93
2013-09-30 1,110.11 2,059.10 479.78
2013-06-30 1,073.74 2,066.12 515.47
2013-03-31 1,110.98 1,929.51 724.30
2012-12-31 1,094.98 1,914.18 742.66
2012-09-30 1,088.10 1,716.95 540.76
2012-06-30 1,058.14 1,722.02 524.28
2012-03-31 1,065.99 1,727.27 528.57
  • Cinemark Holdings's level of debt (138.6%) 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 (185.5% vs 138.6% today).
  • Debt is well covered by operating cash flow (27.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4x coverage).
X
Financial health checks
We assess Cinemark Holdings'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. Cinemark Holdings has a total score of 4/6, 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 Cinemark Holdings'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
3.13%
Current annual income from Cinemark Holdings dividends. Estimated to be 3.34% next year.
If you bought $2,000 of Cinemark Holdings shares you are expected to receive $63 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?
  • Cinemark Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).
  • Cinemark Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
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
NYSE:CNK 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 11 Analyst Estimates (S&P Global) See Below
United States of America Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1986 Stocks 2.7%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

NYSE:CNK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 1.40 5.00
2019-12-31 1.34 7.00
2018-12-31 1.29 7.00
NYSE:CNK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-15 1.280 3.339
2018-08-23 1.280 3.225
2018-05-25 1.280 3.596
2018-02-23 1.280 3.299
2017-11-17 1.160 3.231
2017-08-10 1.160 3.305
2017-05-25 1.160 2.984
2017-02-23 1.160 2.712
2016-11-16 1.080 2.662
2016-08-18 1.080 2.761
2016-05-26 1.080 2.986
2016-02-24 1.080 3.095
2015-11-13 1.000 3.159
2015-08-20 1.000 2.885
2015-05-18 1.000 2.497
2015-02-17 1.000 2.364
2014-11-13 1.000 2.761
2014-08-13 1.000 2.910
2014-05-23 1.000 2.994
2014-02-14 1.000 3.413
2013-11-19 1.000 3.165
2013-08-15 1.000 3.156
2013-05-24 0.840 2.886
2013-02-14 0.840 2.891
2012-11-06 0.840 3.119
2012-08-08 0.840 3.562
2012-05-11 0.840 3.662
2012-02-03 0.840 3.845
2011-11-04 0.840 4.331
2011-08-05 0.840 4.256
2011-05-12 0.840 4.189
2011-02-24 0.840 4.263
2010-11-05 0.840 4.696
2010-07-30 0.720 4.470
2010-05-14 0.720 4.862
2010-02-25 0.720 4.015
2009-11-04 0.720 5.224
2009-07-29 0.720 6.822
2009-05-14 0.720 6.706
2009-02-26 0.720 7.990
2009-01-20 0.720 8.855

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Cinemark Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Cinemark Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Cinemark Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cinemark Holdings has a total score of 5/6, 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 Cinemark Holdings'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
Mark Zoradi
COMPENSATION $4,489,820
AGE 64
TENURE AS CEO 3.4 years
CEO Bio

Mr. Mark Zoradi serves as the Chief Executive Officer at Cinemark USA, Inc. Mr. Zoradi has been the Chief Executive Officer of Cinemark Holdings, Inc. since August 24, 2015. He has been a Non Executive Strategic Advisor of IMAX Corporation since April 12, 2010. He served as the Chief Operating Officer of DreamWorks Animation SKG Inc. from July 2014 to January 2015. From January 2011 to July 2014, he served as the President and Chief Operating Officer of Dick Cook Studios, a new media and entertainment start up company. He served as the President of Walt Disney Motion Pictures Group, Inc. since July 2006. He is a 30-year veteran of the motion picture industry. He served as the President of Buena Vista Home Entertainment International since 1999. He served as the President of Walt Disney Studios Motion Pictures Group until November 2009. He served as the Head of Disney's International Operation of Walt Disney Co. Mr. Zoradi served as Director of Sales of Walt Disney Studios Motion Pictures, Inc. He served as the President of Buena Vista International. He has spent nearly all his career as a Disney Executive. He's made a global impact overseeing BVI. He started his Disney career as Marketing Coordinator for Walt Disney Home Video in 1980 at ground zero of the home entertainment boom and served as Marketing Director for the Disney Channel. He segued into domestic theatrical distribution as Director of Sales for Buena Vista Pictures Distribution in the mid 1980s and also served as Senior Vice President and General Manager of Buena Vista Television from 1987 to 1992. He was plucked from BVI that year to set up a stand-alone international theatrical marketing and distribution organization. He has been a Director at Cinemark USA, Inc. since August 27, 2015 and Cinemark Holdings, Inc. since June 4, 2015. He serves as a Director of Rave Cinemas, LLC. He is a Member of the following organizations: Board of Trustees at Westmont College, Board of Directors of Providence St. Joseph Medical Center and Los Angeles Regional Young Life. In November of last year, he received the Louis B. Mayer Motion Picture Business Leader of the year award from his alma mater, the UCLA Anderson School of Management. Mr. Zoradi holds an MBA in Marketing and Finance from UCLA's Graduate School of Management and a BA in Economics and Sociology from Westmont College.

CEO Compensation
  • Mark's compensation has been consistent with company performance over the past year.
  • Mark's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Cinemark Holdings management team in years:

3.4
Average Tenure
54
Average Age
  • The tenure for the Cinemark Holdings management team is about average.
Management Team

Lee Mitchell

TITLE
Executive Chairman
COMPENSATION
$2M
AGE
81

Mark Zoradi

TITLE
CEO & Director
COMPENSATION
$4M
AGE
64
TENURE
3.4 yrs

Sean Gamble

TITLE
CFO & COO
COMPENSATION
$2M
AGE
43
TENURE
4.4 yrs

Michael Cavalier

TITLE
Executive VP
COMPENSATION
$2M
AGE
51
TENURE
21.5 yrs

Valmir Fernandes

TITLE
President of Cinemark International LLC
COMPENSATION
$2M
AGE
57
TENURE
11.8 yrs

Chanda Brashears

TITLE
Vice President of Investor Relations & Corporate Communications
AGE
39

James Meredith

TITLE
Senior Vice President of Marketing & Communications
AGE
49

Wanda Gierhart

TITLE
Executive VP & Chief Marketing Officer
AGE
54
TENURE
1 yrs

Don Harton

TITLE
Executive Vice President of Design & Construction
AGE
60
TENURE
1.1 yrs

Phillip Couch

TITLE
Executive Vice President of Food & Beverage
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Cinemark Holdings board of directors in years:

7.5
Average Tenure
59
Average Age
  • The tenure for the Cinemark Holdings board of directors is about average.
Board of Directors

Mark Zoradi

TITLE
CEO & Director
COMPENSATION
$4M
AGE
64
TENURE
3.6 yrs

Benjamin Chereskin

TITLE
Director
COMPENSATION
$198K
AGE
59
TENURE
14.8 yrs

Lee Mitchell

TITLE
Executive Chairman
COMPENSATION
$2M
AGE
81
TENURE
22.8 yrs

Carlos Sepulveda

TITLE
Lead Director
COMPENSATION
$248K
AGE
60
TENURE
3 yrs

Steven Rosenberg

TITLE
Director
COMPENSATION
$198K
AGE
59
TENURE
10.8 yrs

Nina Vaca

TITLE
Director
COMPENSATION
$201K
AGE
47
TENURE
4.2 yrs

Raymond Syufy

TITLE
Director
COMPENSATION
$188K
AGE
55
TENURE
12.3 yrs

Enrique Hernández

TITLE
Director
COMPENSATION
$188K
AGE
75
TENURE
14.8 yrs

Darcy Antonellis

TITLE
Director
COMPENSATION
$188K
AGE
56
TENURE
3.5 yrs

Nancy Loewe

TITLE
Director
COMPENSATION
$159K
AGE
51
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • Cinemark Holdings insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Nov 18 Sell Sean Gamble Individual 09. Nov 18 09. Nov 18 -7,468 $40.90 $-305,441
02. Mar 18 Sell Valmir Fernandes Individual 28. Feb 18 28. Feb 18 -6,000 $43.59 $-261,540
X
Management checks
We assess Cinemark Holdings'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. Cinemark Holdings 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

External News
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Simply Wall St News

Should You Be Excited About Cinemark Holdings, Inc.'s (NYSE:CNK) 20% Return On Equity?

Our data shows Cinemark Holdings has a return on equity of 20% for the last year. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.20. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand Cinemark Holdings Inc (NYSE:CNK)

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Based on the last twelve months, Cinemark Holdings's P/E ratio is 14.95. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Does Cinemark Holdings Inc's (NYSE:CNK) CEO Pay Matter?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Mark Zoradi's Compensation Compare With Similar Sized Companies. … According to our data, Cinemark Holdings Inc has a market capitalization of US$4.8b, and pays its CEO total annual compensation worth US$4.5m.

Simply Wall St -

Cinemark Holdings Inc (NYSE:CNK): Assessing Capital Returns

and looking to gauge the potential return on investment in Cinemark Holdings Inc (NYSE:CNK). … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand Cinemark Holdings’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Is Buying Cinemark Holdings Inc (NYSE:CNK) For Its Upcoming US$0.32 Dividend A Good Choice?

To qualify for the dividend check of US$0.32 per share, investors must have owned the shares prior to 31 August 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Below, I will explain how holding Cinemark Holdings can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … Does earnings amply cover its dividend payments

Simply Wall St -

Are Cinemark Holdings Inc's (NYSE:CNK) Interest Costs Too High?

Stocks with market capitalization between $2B and $10B, such as Cinemark Holdings Inc (NYSE:CNK) with a size of US$4.38b, do not attract as much attention from the investing community as do the small-caps and large-caps. … This article will examine CNK’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Check out our latest analysis for Cinemark Holdings

Simply Wall St -

Should You Expect Cinemark Holdings Inc (NYSE:CNK) To Continue Delivering An ROE Of 19.04%?

and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … With an ROE of 19.04%, Cinemark Holdings Inc (NYSE:CNK) outpaced its own industry which delivered a less exciting 12.90% over the past year. … Check out our latest analysis for Cinemark Holdings

Simply Wall St -

Is Cinemark Holdings Inc (NYSE:CNK) A Smart Pick For Income Investors?

Over the past 10 years Cinemark Holdings Inc (NYSE:CNK) has returned an average of 4.00% per year from dividend payouts. … The company is currently worth US$4.20b, and now yields roughly 3.56%. … Let's take a look at Cinemark Holdings in more detail.

Simply Wall St -

Is Cinemark Holdings Inc's (NYSE:CNK) PE Ratio A Signal To Sell For Investors?

and want to better understand how you can grow your money by investing in Cinemark Holdings Inc (NYSE:CNK). … Cinemark Holdings Inc (NYSE:CNK) trades with a trailing P/E of 16.9x, which is higher than the industry average of 15.6x. … While this makes CNK appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

A Look At Cinemark Holdings Inc's (NYSE:CNK) Exceptional Fundamentals

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been able to sustain great financial health over the past

Simply Wall St -

Company Info

Map
Description

Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. As of September 30, 2018, it operated 541 theatres with 6,014 screens in 41 states of the United States, Brazil, Argentina, and 13 other Latin American countries. The company was incorporated in 2006 and is headquartered in Plano, Texas.

Details
Name: Cinemark Holdings, Inc.
CNK
Exchange: NYSE
Founded: 2006
$4,710,456,455
116,826,797
Website: http://investors.cinemark.com
Address: Cinemark Holdings, Inc.
3900 Dallas Parkway,
Suite 500,
Plano,
Texas, 75093,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CNK Common Stock New York Stock Exchange US USD 24. Apr 2007
DB ZZA Common Stock Deutsche Boerse AG DE EUR 24. Apr 2007
Number of employees
Current staff
Staff numbers
19,915
Cinemark Holdings employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/19 00:02
End of day share price update: 2019/01/18 00:00
Last estimates confirmation: 2019/01/10
Last earnings filing: 2018/11/02
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.