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 2,888 - -
Change - -22.15% -0.47% 65.13% 47.43% 45.24% - -
Enterprise Value (EV) 1 1,090 986.2 992.6 1,514 2,116 2,944 2,822 2,691
Change - -9.56% 0.65% 52.56% 39.72% 39.16% -4.16% -4.65%
P/E -46.9x -36.7x 32.7x 53.3x 58.7x 37.6x 32.3x 30.2x
PBR 2.96x 3.01x 3.02x 4.53x 5.9x 6.13x 4.81x 3.83x
PEG - -6.97x -0x 12.26x 1.9x 0x 2x 4.34x
Capitalization / Revenue 4.14x 2.73x 2.18x 3.83x 4.85x 6.3x 6.03x 5.76x
EV / Revenue 4.28x 3.28x 2.65x 4.3x 5.16x 6.42x 5.9x 5.37x
EV / EBITDA 15.9x 11.7x 7.75x 12.1x 12.8x 14.9x 13.2x 12x
EV / EBIT 99.3x -204x 19.7x 34.5x 25.1x 24.1x 20.4x 17.1x
EV / FCF -143x - 19x 24.3x 17.8x 26.2x 21.9x 17.6x
FCF Yield -0.7% - 5.25% 4.12% 5.62% 3.82% 4.56% 5.67%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.38 -0.4 0.46 0.48 0.63 1.402 1.63 1.743
Distribution rate - - - - - - - -
Net sales 1 254.9 300.8 374.8 352.2 410.2 458.6 478.7 501.5
EBITDA 1 68.64 84.46 128.2 124.7 165.8 198.2 214.5 224.9
EBIT 1 10.98 -4.834 50.4 43.86 84.23 122.4 138 157.4
Net income 1 -22.33 -22.8 25.34 26.06 34.88 80.18 94.37 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 52.66 52.66 52.66
Nbr of stocks (in thousands) 59,082 55,973 54,377 52,683 53,799 54,842 - -
Announcement Date 2/23/22 2/22/23 2/27/24 2/19/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.84x6.3x14.58x-.--% 2.83B
20.12x2.58x10.92x2.68% 15.06B
39.97x3.04x7.71x1.68% 13.6B
32.93x1.96x16.49x2.3% 12.41B
17.48x1.19x9.57x1.79% 4.12B
26.12x4.9x15.33x1.61% 3.94B
22.06x1.22x6x0.33% 2.41B
8.69x0.66x3.92x4.66% 2.11B
Average 25.53x 2.73x 10.56x 1.88% 7.06B
Weighted average by Cap. 28.44x 2.67x 11.29x 2.06%

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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