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 2,816 - -
Change - -22.15% -0.47% 65.13% 47.43% 41.63% - -
Enterprise Value (EV) 1 1,090 986.2 992.6 1,514 2,116 2,872 2,750 2,619
Change - -9.56% 0.65% 52.56% 39.72% 35.76% -4.26% -4.77%
P/E -46.9x -36.7x 32.7x 53.3x 58.7x 36x 31x 29.5x
PBR 2.96x 3.01x 3.02x 4.53x 5.9x 5.98x 4.69x 3.74x
PEG - -6.97x -0x 12.26x 1.9x 0x 2x 5.53x
Capitalization / Revenue 4.14x 2.73x 2.18x 3.83x 4.85x 6.11x 5.85x 5.62x
EV / Revenue 4.28x 3.28x 2.65x 4.3x 5.16x 6.23x 5.71x 5.22x
EV / EBITDA 15.9x 11.7x 7.75x 12.1x 12.8x 14.7x 12.9x 11.4x
EV / EBIT 99.3x -204x 19.7x 34.5x 25.1x 23.3x 19.8x 16.7x
EV / FCF -143x - 19x 24.3x 17.8x 26.3x 21.1x 17.3x
FCF Yield -0.7% - 5.25% 4.12% 5.62% 3.8% 4.73% 5.78%
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 51.35 51.35 51.35
Nbr of stocks (in thousands) 59,082 55,973 54,377 52,683 53,799 54,842 - -
Announcement Date 23/2/22 22/2/23 27/2/24 19/2/25 25/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
35.95x6.23x14.69x-.--% 2.82B
19.46x2.51x10.64x2.77% 14.56B
40.75x3.08x7.82x1.65% 13.86B
31.91x1.85x15.55x2.38% 12.03B
17.44x1.2x9.72x1.79% 4.15B
26.21x4.91x15.46x1.61% 3.94B
44.79x - - - 2.54B
21.98x1.22x5.97x0.34% 2.41B
8.43x0.64x3.81x4.81% 2.04B
Average 27.44x 2.71x 10.46x 1.92% 6.49B
Weighted average by Cap. 29.01x 2.65x 11.02x 2.08%

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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