AMC Entertainment Holdings, Inc. (AMC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+843.3%

$29.71

vs $3.15 price

Levered DCF

$6.15

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-0.84

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-1.27×	-3.75×	-2.58×	-5.48×	-23.51×	-0.12×	-5.7×	14.3×
P/B	-0.42×	-0.75×	-0.56×	-2.03×	-16.68×	-0.2×	0.7×	1.13×
P/S	0.17×	0.29×	0.21×	1.36×	11.81×	0.45×	0.16×	0.29×
EV / EBITDA	39.44×	21.73×	24.24×	-74.96×	-98.29×	-3.17×	17.66×	6.7×
Gross margin	67.0%	66.7%	66.6%	67.3%	70.5%	66.9%	63.8%	63.7%
Operating margin	0.8%	-1.7%	-1.5%	-13.4%	-36.8%	-330.2%	2.5%	4.9%
Net margin	-13.0%	-7.6%	-8.2%	-24.9%	-50.2%	-369.4%	-2.7%	2.0%
Current ratio	0.41×	0.54×	0.74×	0.53×	1.05×	0.31×	0.35×	0.59×
Debt / equity	-4.29×	-4.7×	-4.95×	-3.82×	-6.01×	-3.95×	8.53×	3.91×
Interest coverage	0.08×	-0.18×	-0.18×	-1.38×	-2.03×	-11.5×	0.4×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	1.2%	9.9%	16.4%
Payout ratio	0.0%	0.0%	0.0%	-0.1%	0.0%	-0.1%	-56.4%	234.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	33.4%	20.0%	21.5%	37.1%	70.9%	159.1%	-12.3%	7.9%
Return on invested capital	0.6%	-1.1%	-0.9%	-6.5%	-9.5%	-44.0%	1.0%	2.9%
Return on assets	-7.9%	-4.3%	-4.4%	-10.7%	-11.7%	-44.7%	-1.1%	1.2%
Free cash flow yield	-45.7%	-22.4%	-43.4%	-15.9%	-2.4%	-231.4%	5.8%	-3.4%
Earnings yield	-79.0%	-26.6%	-38.7%	-18.3%	-4.3%	-814.9%	-17.5%	7.0%
Enterprise value	$8.5B	$9B	$9.3B	$14.7B	$39B	$11.6B	$10.9B	$6.7B
Net debt / EBITDA	35.73×	18.52×	21.56×	-47.8×	-23.08×	-3.01×	16.29×	5.13×
Cash conversion cycle (days)	-75	-64	-48	-68	-145	-217	-76	-58