Will Cineplex stock recover? (2024)

Will Cineplex stock recover?

Based on analyst ratings, Cineplex's 12-month average price target is C$12.56. Cineplex has 64.00% upside potential, based on the analysts' average price target.

Is Cineplex doing well?

Strong year-over-year revenue growth of 25.9%, raising revenues to $1.4 billion. Adjusted EBITDAaL increased 190.3% to $157.4 million as compared to $54.2 million in the prior year. Adjusted EBITDAaL margin significantly improved to 11.3% in 2023 compared to 4.9% in 2022.

Is Cineplex in debt?

Assigned 'B+' Issuer Credit Rating, Outlook Stable; First-Lien Debt Rated 'BB-' (Recovery Rating: '2') Toronto-based movie exhibitor Cineplex Inc. is refinancing its capital structure with a C$100 million revolving credit facility (RCF) and $550 million of new five-year senior secured notes.

Is CGX a good stock to buy?

According to the issued ratings of 6 analysts in the last year, the consensus rating for Cineplex stock is Moderate Buy based on the current 1 hold rating and 5 buy ratings for CGX.

Why is Cineplex stock down?

Cineplex (TSX:CGX) stock continues to trade at a considerable discount of 75.39% from its pre-pandemic highs. After years of being in a rut, the pandemic-induced challenges might have subsided. However, the movie theatre industry seems to be dealing with more obstacles than it has the time to recover from.

What is the financial situation of Cineplex?

Investment Highlights

“ “Our financial discipline, liquidity initiatives and cost control measures have enabled us to weather the pandemic. We are confident in our financial position to withstand any further pressures in the near term and have positioned the company well to be successful in the long term.”

Why is Cineplex successful?

Through diversification of its services, strategic theatre placements, and a successful history of acquisitions, Cineplex now holds approximately 75 percent market share in Canada – recording $764 million in revenue through the first two quarters of 2023.

Is Cineplex making money?

In 2023, the revenue of movie theater chain Cineplex Inc. added up to 1.39 billion Canadian dollars, up from 1.1 billion dollars a year earlier. Cineplex's main sources of revenue in 2023 included the box office and foodservice.

Is Cineplex being sold?

Cineplex, run by Ellis Jacob, agreed to be acquired by Regal owner Cineworld Group Plc in 2019, just before the global pandemic shut down theaters.

What is Cineplex S&P rating?

S&P Global Ratings assigns "B+" (Local Currency LT credit rating) to Cineplex Inc.; outlook stable. Issuer — Cineplex Inc. Cineplex Inc.

What is the future of Cineplex stock?

CGX Stock 12 Month Forecast

Based on 5 Wall Street analysts offering 12 month price targets for Cineplex in the last 3 months. The average price target is C$12.56 with a high forecast of C$13.91 and a low forecast of C$11.18. The average price target represents a 64.00% change from the last price of C$7.66.

What is the dividend yield of Cineplex?

Cineplex Dividend Yield: 0.00% for April 12, 2024.

How much debt does CGX Energy have?

CGX Energy has a total shareholder equity of $63.4M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $84.9M and $21.5M respectively.

What company did Cineplex buy?

Cineplex Corporation acquires Canadian Odeon Theatres, forming a new company called Cineplex Odeon Corporation and begins planning for a major expansion.

How many shares does Cineplex have?

31, 2023.

Why is Disney stock doing poorly?

Declining foot traffic at its theme parks, fewer Disney+ subscribers, numerous money-losing films, and uncertainty about the direction of many of its franchises are just a few of its problems. Consequently, Disney stock is down to lows last seen in 2014.

How many cinemas does Cineplex own?

About Cineplex

Cineplex offers a unique escape from the everyday to millions of guests through its circuit of over 170 movie theatres and location-based entertainment venues.

What kind of company is Cineplex?

Cineplex is a leading Canadian company that operates in the Film Entertainment and Content, Amusem*nt and Leisure, and Media sectors.

Are movie theaters recession proof?

The film industry has always been considered a recession-proof business because, historically, it has continued to perform well even during tough economic times. One of the main reasons for this is that movies provide an escape from reality for audiences.

Why is Cineplex stock rising?

Despite a sluggish macro environment in 2023, people are flocking back to theatres. In the first three quarters of 2023, Cineplex increased sales by 33.7% year over year to $1.22 billion, as theatre attendance was up 32.7% compared to the year-ago period.

Who are Cineplex competitors?

Cineplex's competitors and similar companies include AMC Entertainment, Travelzoo, Six Flags and Continuum Attractions.

What is the world's number one cinema company?

What is the most profitable movie company?

What movie theater makes the most money?

AMC, the largest movie chain in the world, posted $1.4 billion in total revenue for the third quarter, up more than 45% year-over-year.

Is Cineplex available in USA?

Theatres formerly operated by the company are now operated by Cineplex Entertainment in Canada and as AMC Theatres in the United States.