AMC Global Media Inc. (AMCX) 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

+2798.8%

$232.78

vs $8.03 price

Levered DCF

$22.62

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.78

Distress zone

Rating

B-

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	4.74×	-1.94×	3.82×	87.06×	5.82×	7.61×	5.83×	7.15×
P/B	0.43×	0.51×	0.79×	0.84×	1.71×	2.96×	3.33×	10.06×
P/S	0.18×	0.18×	0.3×	0.22×	0.47×	0.65×	0.73×	1.07×
EV / EBITDA	1.41×	2.13×	1.87×	2.23×	2.39×	2.69×	2.76×	3.16×
Gross margin	50.6%	53.2%	51.0%	51.0%	53.5%	50.2%	50.8%	51.3%
Operating margin	11.1%	-1.6%	14.3%	2.8%	15.9%	15.7%	20.4%	24.5%
Net margin	3.9%	-9.4%	7.9%	0.2%	8.1%	8.5%	12.4%	15.0%
Current ratio	1.67×	2.38×	1.72×	1.67×	1.89×	2.21×	2.9×	2.46×
Debt / equity	1.89×	2.84×	2.37×	3.68×	3.56×	4.99×	5.02×	9.9×
Interest coverage	1.49×	-0.24×	2.54×	0.65×	3.8×	3.19×	3.96×	4.69×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.1%	-26.5%	20.6%	0.9%	29.4%	38.9%	57.1%	140.9%
Return on invested capital	5.5%	-1.1%	6.4%	-0.7%	7.7%	6.3%	10.7%	12.1%
Return on assets	2.3%	-5.2%	4.3%	0.1%	4.4%	4.6%	6.8%	8.5%
Free cash flow yield	64.4%	75.2%	20.5%	20.4%	6.9%	38.5%	17.7%	16.2%
Earnings yield	21.1%	-51.5%	26.2%	1.1%	17.2%	13.2%	17.1%	14.0%
Enterprise value	$1.8B	$2.1B	$2.7B	$2.7B	$3.6B	$4B	$4.7B	$5.8B
Net debt / EBITDA	1.07×	1.68×	1.31×	1.68×	1.42×	1.47×	1.47×	1.41×
Cash conversion cycle (days)	61	66	65	44	63	79	79	110