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National CineMedia, Inc.

NCMI Communication Services Advertising Agencies

National CineMedia, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $243.2 million, up 1.00% from fiscal 2024.

Revenue
+12.7%
EPS
0.00%
Free cash flow
+60.6%

Quarter to June 2026, against a year earlier

1.62 0.05 +3.18%
Market cap
$152.4M
P/E
0.0×
Fwd P/E
−80.5×
Dividend yield
5.56%
F-score
5/9
Altman Z
3.17
Beneish M
−2.50
Dividend safety
20/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 2.07
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 3 — — 1 3 3 2 3 2 — 3 —
Insider Ownership 30.01%

Capital & Financial Ratios $m

Size
Market Cap 152.39
Revenue ttm 248.90
Net income ttm (7.80)
Free cash flow ttm 18.40
Net debt Q (34.10)
Valuation
P/E 0.00
Forward P/E (80.50) (negative: loss-making)
Price / sales 0.61
Forward P/S Powerpack
Price / FCF 8.25
Price / book 0.45
Financial health
Current ratio Q 1.84 (at or above 1.5: strong)
Debt / equity Q 0.04 (at or below 0.5: strong)
Interest coverage Q (64.00)
Growth
Revenue growth Q +12.74% (above 0%: growing)
Operating income growth Q −6.67% (below 0%: shrinking)
EPS, this year +20.45% (at or above 15%: strong)
EPS, next year A +125.71% (at or above 15%: strong)
Revenue, next year A +9.29%
EPS, past 5 yrs —
EPS, next 5 yrs A −6.33% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.0×, against a ten-year median of 4.9×; over the ten years it ranged from 2.4× in 2020 to 41.4× in 2021.
P/S against its own 10 years 14.08%
10-year low 10-year high
P/B against its own 10 years 0.64%
10-year low 10-year high
EV/Sales against its own 10 years 52.18%
10-year low 10-year high
EV/FCF against its own 10 years 79.78%
10-year low 10-year high

Dividends

Yield
5.56%
Annual rate
0.09
Payout ratio
—
Growth, 2018–26
−44.6%/yr
  1. 6.80 ’18
  2. 6.80 ’19 +0
  3. 4.00 ’20 −41
  4. 2.00 ’21 −50
  5. 1.10 ’22 −45
  6. 0.00 ’23 −100
  7. 0.00 ’24
  8. 0.12 ’25
  9. 0.06 ’26 −50
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 38 78 38 46
Receivables 97 85 97 62
Inventory — — — —
Other 5 11 — —
144 178 138 112
2023 2024 2025 Q'26
Payables 22 23 26 26
ST’ Debt — — — —
Other 8 10 11 9
58 74 62 61

Compound Annual Growth %

10y 5y 3y
Sales (5.89%) 21.89% (0.81%)
Cash Flow (22.34%) (31.40%) 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.09 Actual −0.10

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 −0.03 0.00 Beat by 0.03
Q4 FY25 0.25 0.28 Beat by 0.03
Q1 FY26 −0.26 −0.23 Beat by 0.03
Q2 FY26 −0.09 −0.10 Miss by 0.01
Q3 FY26 0.03 — Reports 10 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.31) (0.11) — — —
’25 (0.32) (0.11) 0.02 0.31 (0.11)
’24 (0.36) (0.09) (0.04) 0.26 (0.23)
’23 (3.10) 31.30 2.89 0.24 14.34
’22 (3.10) (0.10) (1.10) 1.31 (3.50)
’21 (2.50) (2.80) (1.90) 1.10 (6.10)
’20 (0.50) (1.80) (1.60) (4.50) (8.40)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 34 58 — — —
’25 35 52 63 93 243
’24 37 55 62 86 241
’23 35 15 25 91 165
’22 36 67 55 92 249
’21 5 14 32 64 115
’20 65 4 6 16 90
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 18 (1) — — —
’25 6 (5) (1) 8 8
’24 24 8 (2) 31 60
’23 10 (6) (27) 16 (7)
’22 (24) (17) 4 (11) (47)
’21 (25) (37) (31) (3) (95)
’20 58 49 (21) (31) 55
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 18 (3) — — —
’25 5 (7) (2) 6 3
’24 23 6 (3) 28 55
’23 10 (6) (27) 14 (10)
’22 (24) (18) 3 (9) (48)
’21 (27) (37) (32) (4) (101)
’20 55 47 (23) (32) 47
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 448 426 441 445 90 115 249 165 241 243 249 (6.6%) 266 272 287 +5.6%
Gross margin, % 72.70 70.73 70.00 69.76 51.88 32.90 52.69 51.51 47.84 45.93 42.75 (26.8) pt
EBT 109 295 104 99 36 (118) (66) 697 (22) (11) (8) n/m
EBT margin, % 24.33 69.19 23.49 22.28 39.71 (103.32) (26.57) 421.73 (9.18) (4.36) (3.09) (28.7) pt
Net income 95 115 80 87 (126) (118) (66) 697 (22) (11) (8) n/m
Per share, $
Per share, $ Revenue 74.86 65.33 57.43 57.51 11.60 14.35 30.40 3.45 2.51 2.58 2.66 (31.2%)
Earnings 5.50 8.94 3.90 4.70 (8.40) (6.10) (3.50) 14.73 (0.23) (0.11) (0.09) n/m
Cash flow 22.33 21.29 19.56 18.57 7.09 (11.92) (5.77) (0.14) 0.63 0.09 0.26 (45.9%)
Capex (2.54) (2.10) (1.86) (1.81) (1.03) (0.71) (0.09) (0.07) (0.06) (0.06) (0.06) (34.1%)
Free cash flow 19.79 19.19 17.69 16.76 6.07 (12.63) (5.86) (0.21) 0.57 0.03 0.20 (51.4%)
Book value (19.52) (11.47) (11.61) (15.67) (34.46) (48.02) (56.61) 9.07 4.29 3.99 3.57 n/m
Shares, m 6 7 8 8 8 8 8 48 96 94 94 +35.8%
Valuation, ×
Valuation, × P/E 34.37 350.00 17.05 15.51 0.00 0.00 0.00 0.13 0.00 0.00 0.00 41.7
P/S 1.97 1.07 1.13 1.27 3.21 1.96 0.08 2.32 2.64 1.51 0.61 1.7
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.88 1.55 0.98 0.45 0.3
EV/Sales 3.96 3.17 3.07 3.19 12.85 10.65 4.40 8.94 7.02 6.01 4.98 6.3
EV/FCF 15.08 10.79 10.11 11.11 25.64 (11.86) (21.91) (123.06) 32.18 2,923.34 67.31 287.1
Cash, $m
Cash, $m Operating cash flow 134 139 150 144 55 (95) (47) (7) 60 8 24 (26.5%)
Capex (15) (14) (14) (14) (8) (6) (1) (3) (6) (6) (5) (10.5%)
Free cash flow 118 125 136 130 47 (101) (48) (10) 55 3 18 (34.0%)
Balance, $m
Balance, $m Working capital 101 103 120 135 150 89 (1,039) 85 104 76 51 (3.1%)
Net debt 875 880 858 853 872 996 1,075 (28) (68) (26) (34) n/m
Shareholders’ equity (117) (75) (89) (121) (269) (383) (464) 435 411 375 334 n/m
Returns, %
Returns, % ROA 2.97 5.04 2.57 3.18 (6.49) (5.72) (3.57) 103.70 (3.93) (2.00) (1.70) (5.0) pt
ROIC 14.26 11.95 12.54 13.77 (6.32) (7.00) 0.71 (4.19) (3.55) (2.48) (3.69) (16.7) pt
ROE (22.82) (60.89) (36.34) (34.32) 33.56 14.94 6.77 (4,781.02) (5.27) (2.70) (2.25) +20.1 pt
People
People Employees 615 572 536 531 418 346 297 292 254 248 — (9.6%)
Revenue/emp, $m 0.73 0.74 0.82 0.84 0.22 0.33 0.84 0.57 0.95 0.98 — +3.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

National CineMedia, Inc. vs peers in Advertising Agencies (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ADV Advantage Solutions Inc. $412.4M — (loss-making) — (loss-making) +1.80% (above 0%: growing) n/m −56.17% (below 0%: shrinking) 11.87% 0.19% Compare
PERI Perion Network Ltd $370.4M — (loss-making) 435× −4.60% (below 0%: shrinking) n/m −88.36% (below 0%: shrinking) 88.66% (8.19%) Compare
TJGC TJGC Group Limited $322.1M — — — — −1,699.18% (below 0%: shrinking) — — Compare
SDM Smart Digital Group Limited $290.2M — — — — — — — Compare
NCMI National CineMedia, Inc. $152.4M — (loss-making) — (loss-making) +12.74% (above 0%: growing) n/m +60.61% (above 0%: growing) 29.28% (21.92%)
FLNT FLUENT, INC. $114.4M — (loss-making) — (loss-making) +8.37% (above 0%: growing) n/m −835.54% (below 0%: shrinking) 28.91% (10.22%) Compare
STFS Star Fashion Culture Holdings Limited $85.2M — — — — — — — Compare
MF MindForge Inc. $58.3M — — — — −235.57% (below 0%: shrinking) 1.20% (2.14%) Compare
MCHX Marchex, Inc. $56.3M — (loss-making) — (loss-making) −5.60% (below 0%: shrinking) n/m −329.30% (below 0%: shrinking) 61.02% (3.14%) Compare
Median of peers $202.3M — — −1.40% — −282.43% 28.91% (3.14%)

All 41 Advertising Agencies stocks →

Pay and ownership Proxy statement filed 27 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 2.65m (3.50m) 11.10
2024 9.69m 11.16m 18.70
2023 4.59m 4.90m 12.00
2022 2.57m 706.16k 9.70
2021 2.67m 1.41m 81.70

Ownership

Directors and executive officers, together 1.70%
Blantyre Capital Limited and affiliates 29.10%
Orbis Investment Management LTD 10.20%
BlackRock, Inc. 6.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

National CineMedia, Inc. (NCMI) Latest News

21 Oct

Impact 3 · · Business Wire

23 Sep

Impact 4 · · mediapost.com

21 Sep

Impact 4 · · Business Wire

19 Aug

Impact 3 · · The Motley Fool transcript

12 Aug

Impact 4 ·

11 Aug

Impact 4 ·
Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·

28 Jul

Impact 3 ·

13 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby

12 May

Impact 4 · · MarketBeat
Impact 3 ·
Impact 3 · · Zacks
Impact 3 · · Business Wire

8 May

Impact 3 · · Zacks

28 Apr

Impact 3 · · Zacks

13 Apr

Impact 4 · · Business Wire

29 Mar

Impact 4 · · Simply Wall St.

12 Mar

Impact 3 · · Simply Wall St.

27 Feb

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 4 · · MarketBeat
Impact 4 · · GuruFocus.com

26 Feb

Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 3 · · Associated Press Finance
stockrow.com/NCMI · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com