IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company worldwide. More Details
Reasonable growth potential and fair value.
Share Price & News
How has IMAX's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IMAX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: IMAX's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: IMAX exceeded the US Entertainment industry which returned 28.1% over the past year.
Return vs Market: IMAX exceeded the US Market which returned 35.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is IMAX's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 weeks ago | Simply Wall StAnnouncing: IMAX (NYSE:IMAX) Stock Increased An Energizing 103% In The Last Year
1 month ago | Simply Wall StMegan Colligan Is The Executive VP & President of IMAX Entertainment of IMAX Corporation (NYSE:IMAX) And They Just Sold 28% Of Their Shares
1 month ago | Simply Wall StIt's Unlikely That IMAX Corporation's (NYSE:IMAX) CEO Will See A Huge Pay Rise This Year
Is IMAX undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IMAX ($16.14) is trading below our estimate of fair value ($34.32)
Significantly Below Fair Value: IMAX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IMAX is unprofitable, so we can't compare its PE Ratio to the US Entertainment industry average.
PE vs Market: IMAX 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 IMAX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IMAX is good value based on its PB Ratio (2.7x) compared to the US Entertainment industry average (4.5x).
How is IMAX forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IMAX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: IMAX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: IMAX's is expected to become profitable in the next 3 years.
Revenue vs Market: IMAX's revenue (19.6% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: IMAX's revenue (19.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IMAX's Return on Equity is forecast to be low in 3 years time (15.6%).
How has IMAX performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IMAX is currently unprofitable.
Growing Profit Margin: IMAX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IMAX is unprofitable, and losses have increased over the past 5 years at a rate of 65.1% per year.
Accelerating Growth: Unable to compare IMAX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IMAX is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (6.7%).
Return on Equity
High ROE: IMAX has a negative Return on Equity (-19.43%), as it is currently unprofitable.
How is IMAX's financial position?
Financial Position Analysis
Short Term Liabilities: IMAX's short term assets ($428.9M) exceed its short term liabilities ($66.1M).
Long Term Liabilities: IMAX's short term assets ($428.9M) exceed its long term liabilities ($380.2M).
Debt to Equity History and Analysis
Debt Level: IMAX's debt to equity ratio (53.4%) is considered high.
Reducing Debt: IMAX's debt to equity ratio has increased from 4.5% to 53.4% over the past 5 years.
Debt Coverage: IMAX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if IMAX's interest payments on its debt are well covered by EBIT.
What is IMAX current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IMAX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IMAX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IMAX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IMAX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IMAX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rich Gelfond (65 yo)
Mr. Richard Lewis Gelfond, also known as Rich, has been the Chief Executive Officer at IMAX Corporation since April 1, 2009. Mr. Gelfond serves as the Co-Chief Executive Officer and Co-Chairman of Clarion ...
CEO Compensation Analysis
Compensation vs Market: Rich's total compensation ($USD6.92M) is above average for companies of similar size in the US market ($USD2.44M).
Compensation vs Earnings: Rich's compensation has been consistent with company performance over the past year.
Experienced Management: IMAX's management team is considered experienced (2 years average tenure).
Experienced Board: IMAX's board of directors are considered experienced (5.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IMAX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IMAX Corporation's company bio, employee growth, exchange listings and data sources
- Name: IMAX Corporation
- Ticker: IMAX
- Exchange: NYSE
- Founded: 1967
- Industry: Movies and Entertainment
- Sector: Media
- Market Cap: US$958.650m
- Shares outstanding: 59.40m
- Website: https://www.imax.com
Number of Employees
- IMAX Corporation
- 2525 Speakman Drive
- L5K 1B1
IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company worldwide. It offers cinematic solution comprising proprietary software, theater architecture, intellectual...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/01 22:02|
|End of Day Share Price||2021/07/30 00:00|
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.