Cineplex Inc. (CGX.TO) 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

+436.6%

CA$70.51

vs CA$13.14 price

Levered DCF

CA$11.65

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.21

Distress zone

Rating

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	-18.17×	-20.68×	2.71×	4,472.22×	-3.46×	-0.93×	73.59×	20.85×
P/B	-8.42×	-19.54×	-13.46×	-2.41×	-3.92×	24.23×	3.63×	2.37×
P/S	0.52×	0.58×	0.38×	0.46×	1.31×	1.4×	1.29×	1×
EV / EBITDA	9.25×	13.55×	7.42×	8.15×	28.62×	-7.04×	10.08×	8.2×
Gross margin	66.4%	67.0%	66.7%	65.7%	67.0%	67.0%	65.8%	65.7%
Operating margin	7.4%	3.8%	10.7%	3.6%	-25.5%	-75.3%	7.9%	8.1%
Net margin	-2.9%	-2.8%	12.0%	0.0%	-37.9%	-150.4%	1.7%	4.8%
Current ratio	0.52×	0.43×	0.54×	0.4×	0.26×	0.41×	0.43×	0.56×
Debt / equity	-22.56×	-46.24×	-48.08×	-9.09×	-8.4×	78.25×	3.37×	0.87×
Interest coverage	0.67×	0.34×	0.96×	0.32×	-1.35×	-2.85×	1.56×	4.29×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	3.2%	5.2%	6.7%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	-3.0%	388.8%	141.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	46.8%	94.9%	-423.9%	-0.1%	113.2%	-2595.3%	4.9%	11.3%
Return on invested capital	4.0%	2.1%	-115.7%	2.1%	-10.1%	-13.7%	3.8%	7.3%
Return on assets	-1.7%	-1.6%	7.4%	0.0%	-11.8%	-26.9%	0.9%	4.2%
Free cash flow yield	13.8%	10.3%	27.5%	6.5%	3.3%	-32.1%	7.8%	5.8%
Earnings yield	-5.6%	-4.9%	31.5%	0.0%	-28.9%	-107.1%	1.3%	4.8%
Enterprise value	CA$2.3B	CA$2.5B	CA$2.4B	CA$2.4B	CA$2.7B	CA$2.5B	CA$4.1B	CA$2.2B
Net debt / EBITDA	6.59×	9.39×	5.77×	6.42×	19.41×	-5.36×	4.82×	2.14×
Cash conversion cycle (days)	-81	-76	-44	-49	-90	47	-34	-27