Cinemark Holdings, Inc. (CNK) 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

+231.5%

$131.63

vs $39.71 price

Levered DCF

$25.87

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.89

Grey zone

Rating

Overall 3 / 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	19.69×	12.2×	8.24×	-3.81×	-4.48×	-3.28×	20.64×	19.46×
P/B	6.63×	6.25×	5.42×	9.29×	5.85×	2.58×	2.74×	2.85×
P/S	0.86×	1.22×	0.55×	0.42×	1.25×	2.96×	1.2×	1.29×
EV / EBITDA	11.79×	9.92×	7.26×	27.2×	-17,092.9×	-10.33×	10.29×	8.22×
Gross margin	18.6%	64.4%	18.6%	64.4%	66.0%	65.7%	63.1%	63.4%
Operating margin	11.0%	11.8%	12.1%	-3.7%	-16.7%	-110.0%	10.3%	12.1%
Net margin	4.4%	10.2%	6.1%	-11.0%	-28.0%	-89.9%	5.8%	6.6%
Current ratio	0.71×	1.01×	1.45×	1.22×	1.14×	1.47×	0.9×	1.18×
Debt / equity	9.34×	5.81×	11.47×	34.27×	12.22×	4.99×	2.35×	1.4×
Interest coverage	2.09×	2.16×	2.15×	-0.5×	-1.46×	-4.92×	2.63×	2.99×
Dividend yield	1.4%	0.0%	0.0%	0.0%	0.0%	2.1%	4.0%	3.6%
Payout ratio	28.1%	0.0%	0.0%	0.0%	0.0%	-6.9%	83.2%	69.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	34.1%	52.1%	60.7%	-246.1%	-130.9%	-78.3%	13.3%	14.7%
Return on invested capital	8.2%	8.0%	7.4%	-2.1%	-5.1%	-9.6%	4.5%	6.6%
Return on assets	3.1%	6.1%	3.9%	-5.6%	-8.1%	-11.1%	3.3%	4.8%
Free cash flow yield	6.6%	8.5%	17.6%	2.5%	3.7%	-20.4%	6.6%	5.1%
Earnings yield	5.1%	8.3%	11.2%	-26.5%	-22.4%	-30.4%	4.9%	5.1%
Enterprise value	$6.1B	$6.1B	$4.4B	$4.1B	$5.1B	$5.3B	$6.8B	$5.8B
Net debt / EBITDA	6.62×	3.89×	4.48×	20.45×	-10,792.67×	-6.37×	4.35×	2.3×
Cash conversion cycle (days)	-62	1	12	-3	-15	11	-11	-15