IMAX

IMAX — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($42.02)
DCF$77.38+84.2%
Graham Number$10.00-76.2%
Reverse DCFimplied g: 24.3%
DDM
EV/EBITDA$43.84+4.3%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $44.83M
Rev: 35.1% / EPS: -86.9%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$77.24
Current Price$42.02
Upside / Downside+83.8%
Net Debt (used)$127.44M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term27.1%31.1%35.1%39.1%43.1%
7.0%$89.67$104.68$121.61$140.64$161.96
8.0%$70.24$82.01$95.27$110.17$126.86
9.0%$56.95$66.49$77.24$89.32$102.85
10.0%$47.32$55.25$64.20$74.23$85.47
11.0%$40.05$46.78$54.36$62.86$72.37

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.71
Yahoo: $6.27

Results

Graham Number$10.00
Current Price$42.02
Margin of Safety-76.2%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$42.02
Implied Near-term FCF Growth24.3%
Historical Revenue Growth35.1%
Historical Earnings Growth-86.9%
Base FCF (TTM)$44.83M
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: —

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.
DDM Intrinsic Value / share
Current Price$42.02
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $155.91M
Current: 15.9×
Default: $127.44M

Results

Implied Equity Value / share$43.84
Current Price$42.02
Upside / Downside+4.3%
Implied EV$2.49B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.87B-$872.56M$127.44M$1.13B$2.13B
11.9x$69.43$50.84$32.25$13.66$-4.92
13.9x$75.22$56.63$38.05$19.46$0.87
15.9x$81.02$62.43$43.84$25.26$6.67
17.9x$86.81$68.23$49.64$31.05$12.46
19.9x$92.61$74.02$55.43$36.85$18.26