Company Valuation: IMAX Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,054 820.6 816.8 1,349 1,988 2,763 - -
Change - -22.15% -0.47% 65.13% 47.43% 38.95% - -
Enterprise Value (EV) 1 1,090 986.2 992.6 1,514 2,116 2,816 2,697 2,566
Change - -9.56% 0.65% 52.56% 39.72% 33.08% -4.2% -4.86%
P/E -46.9x -36.7x 32.7x 53.3x 58.7x 38.7x 31.5x 29.4x
PBR 2.96x 3.01x 3.02x 4.53x 5.9x 5.86x 4.6x 3.67x
PEG - -6.97x -0x 12.26x 1.9x 0x 1.4x 4.22x
Capitalization / Revenue 4.14x 2.73x 2.18x 3.83x 4.85x 6.16x 5.8x 5.53x
EV / Revenue 4.28x 3.28x 2.65x 4.3x 5.16x 6.28x 5.67x 5.14x
EV / EBITDA 15.9x 11.7x 7.75x 12.1x 12.8x 14.2x 12.5x 11.1x
EV / EBIT 99.3x -204x 19.7x 34.5x 25.1x 24.1x 19.7x 16.4x
EV / FCF -143x - 19x 24.3x 17.8x 25x 21x 16.8x
FCF Yield -0.7% - 5.25% 4.12% 5.62% 3.99% 4.77% 5.94%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.38 -0.4 0.46 0.48 0.63 1.303 1.602 1.713
Distribution rate - - - - - - - -
Net sales 1 254.9 300.8 374.8 352.2 410.2 448.5 476.1 499.4
EBITDA 1 68.64 84.46 128.2 124.7 165.8 198.1 215.9 230.2
EBIT 1 10.98 -4.834 50.4 43.86 84.23 116.9 136.7 156.7
Net income 1 -22.33 -22.8 25.34 26.06 34.88 77.43 93.63 93.96
Net Debt 1 36.4 165.6 175.9 165.7 127.4 52.73 -65.66 -196.8
Reference price 2 17.84 14.66 15.02 25.60 36.96 50.38 50.38 50.38
Nbr of stocks (in thousands) 59,082 55,973 54,377 52,683 53,799 54,842 - -
Announcement Date 23/02/22 22/02/23 27/02/24 19/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.6x2.53x10.69x2.76% 1.47TCr
39.68x3.02x7.66x1.69% 1.35TCr
34.14x1.99x16.74x2.27% 1.26TCr
17.39x1.18x9.52x1.8% 394.74Cr
26.97x5.08x15.86x1.56% 390.81Cr
38.65x6.28x14.21x-.--% 276.29Cr
22.39x1.25x6.14x0.33% 235.93Cr
Average 28.40x 3.05x 11.55x 1.49% 767.23Cr
Weighted average by Cap. 29.52x 2.75x 11.62x 1.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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