National CineMedia: Starting With A Clean Slate [Seeking Alpha]
National CineMedia, Inc. (NCMI)
Last national cinemedia, inc. earnings: 2/20 04:05 pm
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US:NASDAQ Investor Relations:
investor.ncm.com/investor-relations
Company Research
Source: Seeking Alpha
Post restructuring, NCMI looks to be on much sounder footing, as the company's adj. OIBDA was positive with no debt. However, at 9.1x EV/EBITDA, I believe NCMI is currently properly valued relative to its theater chain peers. The last time I covered National CineMedia, Inc. ( NASDAQ: NCMI ), the company had just cut its dividend and was struggling under an enormous debt load. I warned that the company would likely have to restructure its debts, and that is exactly what happened On June 27th, 2023, National CineMedia confirmed it had filed for Chapter 11 bankruptcy with the United States Bankruptcy Court for the Southern District of Texas. Under the confirmed plan of re-organization, National CineMedia converted its secured debt holders into 83.4 million new shares (or ~86.2% of the company), while its old shareholders saw their equity ownership diluted down through a 1-for-10 reverse stock split (Figure 1). Regal Cinema's holdings of 40.7 million old shares were also terminat
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NCMI
News
- National CineMedia, Inc. (NASDAQ: NCMI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- National CineMedia, Inc. (NASDAQ: NCMI) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $5.50 price target on the stock.MarketBeat
- National CineMedia, Inc. (NASDAQ: NCMI) had its "speculative buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $6.00 price target on the stock.MarketBeat
- National CineMedia, Inc. (NASDAQ:NCMI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- National CineMedia (NCMI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
NCMI
Earnings
- 5/6/24 - Miss
NCMI
Sec Filings
- 5/9/24 - Form 8-K
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- NCMI's page on the SEC website