Is the business good?
How good a business is IMAX?
IMAX Corporation earns 32% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
32%
Return on invested capital · cost of capital 9.0% · 23 points above what the capital costs: growth creates value
- Cash conversion
- 3.14×
Cash conversion · 3.18× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +2.6%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −89% |
| FY2021 | 4.3% |
| FY2022 | −1.6% |
| FY2023 | 13% |
| FY2024 | 12% |
| FY2025 | 21% |
Details›
- Free cash flow, trailing twelve months
- $115M
- Net income, trailing twelve months
- $37M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 32%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.