Added to YB: 2025-05-12
Pitch date: 2025-05-09
CGX.TO [bullish]
Cineplex Inc.
+14.5%
current return
Author Info
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Company Info
Cineplex Inc., together with its subsidiaries, operates as an entertainment and media company in Canada and internationally.
Market Cap
CAD 636.2M
Pitch Price
CAD 10.00
Price Target
20.00 (+76%)
Dividend
N/A
Sector
Entertainment
Category
turnaround
The Investment Case for Movie Theatres -Part II: An Operator w/ Monopoly Market Share - Cineplex Inc.
CGX.TO: Canadian movie theater monopoly (75% market share) at ~5-6x EV/EBITDAaL. Attendance recovery to 75-80% of 2019 levels yields $220M EBITDAaL, $100M+ FCF. Hidden value in Media segment (49% margins), LBE business (23% store margins), Scene loyalty program (15M members). 100% upside to $20/share at 10x EBITDAaL or 8% FCF yield.
Read full article (19 min)