National CineMedia, Inc. (XNAS:NCMI)

National CineMedia (NCMI) reported Q3 2022 revenue of $54.50 million, an increase of 71.92% YoY. However, the company missed the earnings and revenue estimates by -8.33% and 0.37%, respectively. The company’s stock price has a 52-week high of $2.71 and a 52-week low of $0.16. The stock price history shows a beta of 1.98, indicating the stock is highly volatile compared to the S&P 500.

Trading Information:

National CineMedia’s stock price has seen significant volatility, with a 52-week change of -92.83% and a 52-week high of $2.71 and a 52-week low of $0.16. As of February 27, 2023, the short interest in the stock was 2.67% of the float and 2.38% of shares outstanding. The average trading volume over a 3-month and 10-day period is 847.33k and 814.23k, respectively.

Share Statistics:

The company has 172.33 million shares outstanding, with insiders holding 54.11% and institutional investors holding 35.56%. The float is 32.12 million shares, and as of February 27, 2023, there were 4.1 million shares shorted, representing a short ratio of 4.57.

Dividends & Splits:

National CineMedia’s forward annual dividend rate is $0.12 per share, with a forward annual dividend yield of 53.03%. The trailing annual dividend rate is $0.11, with a trailing annual dividend yield of 63.25%. The payout ratio is not available. The last dividend date was September 5, 2022, and the ex-dividend date was August 18, 2022.

Financial Highlights:

For the fiscal year ending December 29, 2021, National CineMedia reported revenue of $221 million, with a revenue per share of $2.72. The profitability ratios for the company show a negative profit margin of -11.85% and an operating margin of -3.08%. The return on assets is -0.53%. The company has been experiencing negative net income, with a net income of -26.2 million in the trailing twelve months.

Balance Sheet:

As of September 28, 2022, National CineMedia had a total cash balance of $73.8 million, with a total debt of $1.14 billion. The company’s current ratio is 0.47, indicating that it may have difficulty meeting its short-term obligations. The book value per share is -$6.91, indicating negative shareholder equity.

Cash Flow Statement:

National CineMedia reported negative operating cash flow of $39.4 million, indicating that the company’s core business operations were not generating sufficient cash to cover its operating expenses. The negative cash flow could be due to the company’s high operating costs or low revenues.

The levered free cash flow, which takes into account the company’s debt, was also negative at $15.84 million, indicating that the company did not have enough free cash flow to cover its debt obligations.

Negative cash flows can be concerning for investors as it may indicate financial instability or a lack of profitability. However, it is important to note that cash flow can fluctuate from quarter to quarter and is not necessarily indicative of long-term financial health. Investors should monitor the company’s cash flow trend over time to assess its financial stability.

Financial Ratios:

National CineMedia, Inc. (NCMI) has shown mixed results in terms of its financial ratios. Here is a brief analysis of some of its key financial ratios:

1. Current Ratio: The current ratio of NCMI, which measures the company’s ability to pay its short-term obligations, is currently at 0.47. This indicates that the company may have difficulty meeting its short-term financial obligations, as its current assets are less than its current liabilities. This may suggest that NCMI may need to raise additional capital or restructure its debt.
2. Debt-to-Equity Ratio: NCMI’s debt-to-equity ratio is not available, indicating that the company has no equity. This may be due to the fact that the company has negative shareholder equity, as indicated by its book value per share.
3. Return on Assets (ROA): NCMI’s ROA, which measures how efficiently the company uses its assets to generate profits, is currently negative at -0.53%. This indicates that the company is not utilizing its assets effectively to generate profits.
4. Profit Margin: NCMI’s profit margin, which measures the percentage of revenue that is turned into profit, is negative at -11.85%. This indicates that the company is not generating profits from its operations.
5. Price-to-Earnings Ratio (P/E): NCMI’s P/E ratio is not available, likely due to the fact that the company is currently not profitable.

Overall, NCMI’s financial ratios suggest that the company is struggling to generate profits and may be facing financial difficulties. Investors should exercise caution when considering an investment in this company, and perform further research and analysis before making any investment decisions.

Dividend Information:

National CineMedia, Inc. (NCMI) has a dividend yield of 63.25% as of its trailing annual dividend rate of $0.11 per share. The forward annual dividend rate is $0.12 per share, yielding 53.03%. The company has a 5-year average dividend yield of 14.29%, indicating that the current yield is significantly higher than the historical average.

As of September 2022, NCMI reported Q3 revenue of $54.50 million, which is an increase of 71.92% year-over-year. However, the company also delivered earnings and revenue surprises of -8.33% and 0.37%, respectively. It’s worth noting that the company’s profit margin is -11.85%, while its operating margin for the trailing twelve months is -3.08%.

In terms of share statistics, NCMI has 172.33 million shares outstanding and a float of 32.12 million shares. 54.11% of the shares are held by insiders, while 35.56% are held by institutions. As of February 27, 2023, there were 4.1 million shares short, representing 2.67% of the float and 2.38% of the shares outstanding. The short ratio is 4.57, indicating that it would take 4.57 days to cover the short positions.

NCMI paid a dividend of $0.11 per share on September 5, 2022, and the ex-dividend date was on August 18, 2022. The payout ratio for the company is not available in the available information.

Overall, NCMI’s high dividend yield and recent revenue growth may make it an attractive option for income-oriented investors. However, investors should consider the company’s negative profit margin and operating margin, as well as the high percentage of shares held by insiders and institutions.