IMAX Corporation

NYSE:IMAX Stock Report

Market Cap: US$1.3b

IMAX Valuation

Is IMAX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IMAX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IMAX ($24.77) is trading below our estimate of fair value ($45.06)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IMAX?

Key metric: As IMAX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for IMAX. This is calculated by dividing IMAX's market cap by their current earnings.
What is IMAX's PE Ratio?
PE Ratio56x
EarningsUS$23.29m
Market CapUS$1.31b

Price to Earnings Ratio vs Peers

How does IMAX's PE Ratio compare to its peers?

The above table shows the PE ratio for IMAX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.3x
MSGE Madison Square Garden Entertainment
9.8x-26.7%US$1.7b
SEAT Vivid Seats
13.5x21.8%US$756.2m
IQ iQIYI
9.1x18.0%US$2.0b
CNK Cinemark Holdings
16.7x7.7%US$4.0b
IMAX IMAX
56x20.9%US$1.3b

Price-To-Earnings vs Peers: IMAX is expensive based on its Price-To-Earnings Ratio (56x) compared to the peer average (12.3x).

Price to Earnings Ratio vs Industry

How does IMAX's PE Ratio compare vs other companies in the US Entertainment Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
IH iHuman
4.7xn/aUS$85.73m
RDBX Redbox Entertainment
1.2x-121.8%US$76.65m
GMM Global Mofy AI
0.7xn/aUS$11.91m
MSGM Motorsport Games
0.7xn/aUS$3.47m
IMAX 56.0xIndustry Avg. 21.5xNo. of Companies6PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IMAX is expensive based on its Price-To-Earnings Ratio (56x) compared to the US Entertainment industry average (21.6x).

Price to Earnings Ratio vs Fair Ratio

What is IMAX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IMAX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio56x
Fair PE Ratio20x

Price-To-Earnings vs Fair Ratio: IMAX is expensive based on its Price-To-Earnings Ratio (56x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IMAX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$24.77
US$26.09
+5.3%
15.9%US$33.00US$16.00n/a11
Nov ’25US$24.06
US$25.82
+7.3%
14.6%US$30.00US$16.00n/a11
Oct ’25US$20.12
US$24.91
+23.8%
15.0%US$30.00US$16.00n/a11
Sep ’25US$21.19
US$24.73
+16.7%
15.9%US$30.00US$15.00n/a11
Aug ’25US$21.18
US$24.73
+16.7%
15.9%US$30.00US$15.00n/a11
Jul ’25US$16.99
US$22.25
+31.0%
15.5%US$27.00US$14.50n/a10
Jun ’25US$16.44
US$22.25
+35.3%
15.5%US$27.00US$14.50n/a10
May ’25US$16.19
US$22.25
+37.4%
15.5%US$27.00US$14.50n/a10
Apr ’25US$15.84
US$21.95
+38.6%
15.2%US$25.50US$14.00n/a11
Mar ’25US$16.87
US$21.95
+30.1%
15.2%US$25.50US$14.00n/a11
Feb ’25US$13.75
US$22.59
+64.3%
17.7%US$30.00US$13.00n/a11
Jan ’25US$15.02
US$23.59
+57.1%
15.8%US$30.00US$15.00n/a11
Dec ’24US$16.29
US$24.32
+49.3%
15.3%US$30.00US$15.00n/a11
Nov ’24US$18.09
US$24.13
+33.4%
15.4%US$30.00US$15.00US$24.0612
Oct ’24US$19.32
US$23.88
+23.6%
16.4%US$30.00US$15.00US$20.1212
Sep ’24US$18.99
US$23.73
+24.9%
17.1%US$30.00US$15.00US$21.1911
Aug ’24US$18.40
US$23.73
+29.0%
17.1%US$30.00US$15.00US$21.1811
Jul ’24US$16.99
US$23.45
+38.0%
15.2%US$27.00US$15.00US$16.9911
Jun ’24US$17.59
US$23.45
+33.3%
15.2%US$27.00US$15.00US$16.4411
May ’24US$21.04
US$23.36
+11.0%
15.4%US$27.00US$15.00US$16.1911
Apr ’24US$19.18
US$21.27
+10.9%
13.5%US$25.00US$14.00US$15.8411
Mar ’24US$18.58
US$21.27
+14.5%
13.5%US$25.00US$14.00US$16.8711
Feb ’24US$17.23
US$19.45
+12.9%
15.6%US$23.00US$12.00US$13.7511
Jan ’24US$14.66
US$19.27
+31.5%
15.2%US$23.00US$12.00US$15.0211
Dec ’23US$16.78
US$18.73
+11.6%
14.1%US$22.00US$12.00US$16.2911
Nov ’23US$12.73
US$18.73
+47.1%
14.1%US$22.00US$12.00US$18.0911

Analyst Forecast: Target price is less than 20% higher than the current share price.

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