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 2,939 - -
Change - -22.15% -0.47% 65.13% 47.43% 47.81% - -
Enterprise Value (EV) 1 1,090 986.2 992.6 1,514 2,116 2,995 2,873 2,742
Change - -9.56% 0.65% 52.56% 39.72% 41.57% -4.09% -4.57%
P/E -46.9x -36.7x 32.7x 53.3x 58.7x 37.5x 32.4x 30.7x
PBR 2.96x 3.01x 3.02x 4.53x 5.9x 6.24x 4.89x 3.9x
PEG - -6.97x -0x 12.26x 1.9x 0x 2x 5.75x
Capitalization / Revenue 4.14x 2.73x 2.18x 3.83x 4.85x 6.37x 6.11x 5.86x
EV / Revenue 4.28x 3.28x 2.65x 4.3x 5.16x 6.5x 5.97x 5.47x
EV / EBITDA 15.9x 11.7x 7.75x 12.1x 12.8x 15.3x 13.5x 11.9x
EV / EBIT 99.3x -204x 19.7x 34.5x 25.1x 24.3x 20.7x 17.5x
EV / FCF -143x - 19x 24.3x 17.8x 27.4x 22.1x 18.1x
FCF Yield -0.7% - 5.25% 4.12% 5.62% 3.65% 4.53% 5.52%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.38 -0.4 0.46 0.48 0.63 1.428 1.655 1.743
Distribution rate - - - - - - - -
Net sales 1 254.9 300.8 374.8 352.2 410.2 461.2 481.4 501.5
EBITDA 1 68.64 84.46 128.2 124.7 165.8 195.5 212.4 230.4
EBIT 1 10.98 -4.834 50.4 43.86 84.23 123.4 139.1 157
Net income 1 -22.33 -22.8 25.34 26.06 34.88 81.68 95.83 95.46
Net Debt 1 36.4 165.6 175.9 165.7 127.4 56.34 -66.13 -197.4
Reference price 2 17.84 14.66 15.02 25.60 36.96 53.59 53.59 53.59
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.($)
37.52x6.5x15.32x-.--% 293.9Cr
19.15x2.48x10.47x2.82% 1.43TCr
40.59x3.07x7.8x1.65% 1.38TCr
34.4x2.24x18.8x2.41% 1.17TCr
18x1.24x10.08x1.73% 420.96Cr
26.19x4.94x15.78x1.6% 388.68Cr
51.06x - - - 290.15Cr
22.43x1.26x6.15x0.33% 240.21Cr
8.43x0.64x3.81x4.81% 201.02Cr
Average 28.64x 2.80x 11.03x 1.92% 646.33Cr
Weighted average by Cap. 29.97x 2.75x 11.73x 2.09%

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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  4. Valuation IMAX Corporation
-40%: Exceptional extension
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