NYSE:IMAX

17.75
0.07 (0.39%) 1d
0

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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Experts have a mixed opinion on IMAX Corp. While it has a strong global brand and is recovering well from the pandemic, its high debt levels and lack of value creation are concerning. The company showed a sharp deceleration in revenue growth in the 2Q, primarily due to disappointing blockbuster movies. The outlook is also uncertain due to the writer's strike. Overall, it remains a weak hold with dependency on the movie slate for its performance.

Consensus
Mixed
Valuation
Fair Value
HOLD
IMAX Corp.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

IMAX has been around a very long time, and even had takeover overtures a couple of decades ago. But it hasn't created much value. The stock is about 1/3rd the level of ten years ago. It is not too expensive (but not cheap) at 23X earnings. It has a good global brand and is recovering well from the pandemic. But debt is high, at about 4X cash flow. It showed 8% revenue growth in the 2Q, but this was a sharp deceleration from Q1, as many blockbuster movies disappointed. Q3 'should' be a bit better. EPS did beat expectations. Insiders own 17%. It is hard to get excited here. It remains at the mercy of the movie slate, and with the writer's strike the outlook is probably not great. We would consider it a weak hold, with debt and lack of value creation the main offsets. 
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DON'T BUY
IMAX Corp.
Cineplex has a similar chart with pressure on the cinema business. IMAX is dead money, until it breaks above $24. It's been range-bound since mid-2017. You can start a small position and see it the breakout happens.
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DON'T BUY
IMAX Corp.

Doesn't see a turnaround. It's suffering from the migration of people watching movies at home. So has Cineplex. Valuation is okay, but he can't warm up to it. Viewing habits have changed dramatically.

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COMMENT
IMAX Corp.

He hasn't looked at it recently. It broke down in mid-2017, then has been sideways and consolidating within a range ever since. If it breaks ABOVE $28, it'll be very bullish; then again, it could get stuck. Downside is probably around $20. There's a chance it could surge to mid-$30's.

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DON'T BUY
IMAX Corp.

Wonder Woman was the largest opening ever for a movie directed by a woman. He does not like theatres. It is expensive to take the family out and load up on popcorn and drinks.

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PAST TOP PICK
IMAX Corp.

(A Top Pick Oct 22/15. Down 21.32%.) He really likes this and what they are doing in China, but it got ahead of itself in terms of a market price and he sold his holdings several months ago. He is thinking about buying this back at some point.

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PAST TOP PICK
IMAX Corp.

(A Top Pick July 16/15. Down 13.29%.) He loves this. Fundamentals are outstanding. Building theatres at a great pace in China and have a huge amount of buildout ahead of them. Sold their original theatres. They are joint venturing in China and taking 20% of the top side revenue. All the big movies that are opening in China and North America are benefiting this company’s top and bottom lines.

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PAST TOP PICK
IMAX Corp.

(A Top Pick May 13/15. Down 21.19%.) Had what he had thought were quite solid earnings, but that didn’t stop the stock from doing a swan dive of $3 yesterday. They are building IMAX theatres in China at a very good clip, which he loves. Had their 1st week where the box office in China was bigger than North America. Has a 20% interest in all their Chinese theatres. Are now also into home IMAX theatres in China. Probably more of a buying opportunity than a reason to be fearful.

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BUY
IMAX Corp.

There is a nice head and shoulder bottoming and it has broken out. It looks pretty good.

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COMMENT
IMAX Corp.

Technically this is up to a little bit of resistance right now, but that doesn’t mean too much as this is a favourable time for this company. They have had some positive announcements. He expects this to go through its resistance level and go back up to $44.

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TOP PICK
IMAX Corp.

They IPOed in Hong Kong recently. They now take a 20% joint venture interest in theatres as they expand. All the big movies like Star Wars want to open in Imax theatres. They are still building theatres at a good clip. It came off because the China IPO was delayed. He is still buying it at this level and thinks it has huge upside.

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WATCH
IMAX Corp.

It is a great, great business, but it is a little bit pricey. He would wait for 10-15% more pull back. You have to watch China as they made a big push into that country.

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TOP PICK
IMAX Corp.

Not only a great company to own, but is currently on sale for a very specific and short-term reason. They were going to IPO their China theatres, a couple of hundred, but the Chinese market had a very difficult June and all the IPOs got pushed back by the government. They will gradually come to market. Before that, the Q2 reporting is going to really startle people to the upside. This is a long-term growth story.

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TOP PICK
IMAX Corp.

They have built hundreds of screens in China over the last several years, and continue to do so. They do them as a joint venture and get 20% of the revenue on most of the theatres that they have in China. Big blockbuster movies like Avengers II will do very, very well.

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DON'T BUY
IMAX Corp.

Way, way back they had accounting and debt issues and business model was not obvious. It is an extremely expensive stock today. They are licensing movies in the theatres but it is still extremely expensive.

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IMAX Corp.(IMAX-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for IMAX Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

IMAX Corp.(IMAX-N) Frequently Asked Questions

What is IMAX Corp. stock symbol?

IMAX Corp. is a American stock, trading under the symbol IMAX-N on the New York Stock Exchange (IMAX). It is usually referred to as NYSE:IMAX or IMAX-N

Is IMAX Corp. a buy or a sell?

In the last year, 1 stock analyst published opinions about IMAX-N. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for IMAX Corp..

Is IMAX Corp. a good investment or a top pick?

IMAX Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for IMAX Corp..

Why is IMAX Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is IMAX Corp. worth watching?

1 stock analyst on Stockchase covered IMAX Corp. In the last year. It is a trending stock that is worth watching.

What is IMAX Corp. stock price?

On 2024-07-23, IMAX Corp. (IMAX-N) stock closed at a price of $17.75.