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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. In the quarter to June 2026, revenue grew 12.7%, EPS was flat and free cash flow grew 60.6%, each against the same quarter a year earlier.

2.06 0.19 −8.44%
Market cap
$211.7M
P/E
0.0×
Fwd P/E
−101×
Dividend yield
4.37%
F-score
5/9
Altman Z
3.17
Beneish M
−2.50
Dividend safety
20/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 2.15
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 1 3 — — 1 3 3 2 3 2 — 3
Insider Ownership 30.11%

Capital & Financial Ratios $m

Market Cap 211.66
Revenue 248.90
Net Income (7.80)
Free Cash Flow 18.40
Net Debt (34.10)
Current Ratio 1.84 (at or above 1.5: strong)
Debt/Equity 0.04 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (101.00) (negative: loss-making)
P/S ratio 0.78
P/B ratio 0.58
Past 5Y EPS Growth —
This Y EPS Growth 29.55% (at or above 15%: strong)
Next Y EPS Growth 158.06% (at or above 15%: strong)
Next Y revenue growth 8.55%
Next 5Y EPS Growth (6.33%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.1×, 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 17.88%
10-year low 10-year high
P/B against its own 10 years 8.77%
10-year low 10-year high
EV/Sales against its own 10 years 53.23%
10-year low 10-year high
EV/FCF against its own 10 years 82.54%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.09
Annual Dividend Yield 4.37%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.06
0.03
0.03
2025 0.09
0.03
0.03
0.03
0.03
2024 Powerpack
2023 Powerpack
2022 1.10
0.50
0.30
0.30
2021 2.00
0.50
0.50
0.50
0.50
2020 4.00
1.90
0.70
0.70
0.70
2019 6.80
1.70
1.70
1.70
1.70
2018 6.80
1.70
1.70
1.70
1.70
2017 8.80
2.20
2.20
2.20
2.20
2016 8.80
2.20
2.20
2.20
2.20
predictions special payouts not included in total or ratios

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%

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.

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 (8.08)
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 133.70 51.20 50.90 56.40 16.20 24.10 2.20 1.00 3.66 3.81

Analyst estimates 2026–2028

Powerpack
High 161.00 152.50 109.40 89.30 98.50 61.10 34.10 6.50 7.60 7.25
People
People Employees 615 572 536 531 418 346 297 292 254 248
Revenue/emp, $m 0.73 0.74 0.82 0.84 0.22 0.33 0.84 0.57 0.95 0.98
Income, $m
Income, $m Revenue 448 426 441 445 90 115 249 165 241 243
Gross margin, % 72.70 70.73 70.00 69.76 51.88 32.90 52.69 51.51 47.84 45.93
EBT 109 295 104 99 36 (118) (66) 697 (22) (11)
EBT margin, % 24.33 69.19 23.49 22.28 39.71 (103.32) (26.57) 421.73 (9.18) (4.36)
Net income 95 115 80 87 (126) (118) (66) 697 (22) (11)
Depreciation 38 40 43 43 40 40 40 29 43 38
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
Earnings 4.20 0.20 3.90 4.70 (8.40) (6.10) (3.07) 14.73 (0.23) (0.11)
Cash flow 22.33 21.29 19.56 18.57 7.09 (11.92) (5.77) (0.14) 0.63 0.09
Capex (2.54) (2.10) (1.86) (1.81) (1.03) (0.71) (0.09) (0.07) (0.06) (0.06)
Free cash flow 19.79 19.19 17.69 16.76 6.07 (12.63) (5.86) (0.21) 0.57 0.03
Book value (19.52) (11.47) (11.61) (15.67) (34.46) (48.02) (56.61) 9.07 4.29 3.99
Shares, m 6 7 8 8 8 8 8 48 96 94
Valuation, ×
Valuation, × P/E 34.37 350.00 17.05 15.51 0.00 0.00 0.00 0.13 0.00 0.00
P/S 1.97 1.07 1.13 1.27 3.21 1.96 0.08 1.15 2.64 1.51
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.44 1.55 0.98
EV/Sales 3.96 3.17 3.07 3.19 12.85 10.65 4.39 7.77 7.02 6.01
EV/FCF 15.08 10.79 10.11 11.11 25.64 (11.86) (21.90) (106.91) 32.18 2,923.34
Cash, $m
Cash, $m Operating cash flow 134 139 150 144 55 (95) (47) (7) 60 8
Capex (15) (14) (14) (14) (8) (6) (1) (3) (6) (6)
Free cash flow 118 125 136 130 47 (101) (48) (10) 55 3
Balance, $m
Balance, $m Working capital 101 103 120 135 150 89 (1,039) 85 104 76
Total debt 924 923 924 927 1,052 1,098 1,139 10 10 12
Net debt 875 880 858 853 872 996 1,075 (28) (68) (26)
Shareholders’ equity (117) (75) (89) (121) (269) (383) (464) 435 411 375
Returns, %
Returns, % ROA 2.97 5.04 2.57 3.18 (6.49) (5.72) (3.57) 103.70 (3.93) (2.00)
ROIC 14.26 11.95 12.54 13.77 (6.32) (7.00) 0.71 (4.19) (3.55) (2.48)
ROE (22.82) (60.89) (36.34) (34.32) 33.56 14.94 6.77 (4,781.02) (5.27) (2.70)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
EVC Entravision Communications Corporation $615.6M 211× — (loss-making) +126.24% (above 0%: growing) n/m +294.23% (above 0%: growing) 26.04% 13.15% Compare
NEXN Nexxen International Ltd. Sponsored ADR $514.3M 30.4× 18.1× +10.52% (above 0%: growing) −57.14% (below 0%: shrinking) +290.91% (above 0%: growing) 81.30% 4.14% Compare
QUOT Quotient Technology Inc. $397.9M — (loss-making) — (loss-making) −5.12% (below 0%: shrinking) n/m −89.94% (below 0%: shrinking) 47.07% (20.46%) Compare
ADV Advantage Solutions Inc. $376.5M — (loss-making) — (loss-making) +1.80% (above 0%: growing) n/m −56.17% (below 0%: shrinking) 11.87% 0.19% 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. $211.7M — (loss-making) — (loss-making) +12.74% (above 0%: growing) n/m +60.61% (above 0%: growing) 29.28% (21.92%)
FLNT FLUENT, INC. $84.1M — (loss-making) — (loss-making) +8.37% (above 0%: growing) n/m −835.54% (below 0%: shrinking) 28.91% (10.22%) Compare
TSQ Townsquare Media, Inc. $70.9M — (loss-making) 13.5× −0.08% (below 0%: shrinking) n/m −97.71% (below 0%: shrinking) 26.74% (10.66%) Compare
Median of peers $349.3M — — +5.09% — −89.94% 27.83% (5.01%)

All 42 Advertising Agencies stocks →

National CineMedia, Inc. (NCMI) key facts

  • Strength: National CineMedia, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $243.2 million, up 1.00% from fiscal 2024.
  • National CineMedia, Inc. (NCMI) is an Advertising Agencies company in the Communication Services sector, listed on Nasdaq.
  • As of October 16, 2026, NCMI traded at $2.06, a market capitalization of $211.7 million.
  • National CineMedia, Inc. pays an annual dividend of $0.09 per share, a yield of 4.37%.
  • Return on equity was −2.70% and debt-to-equity 0.04.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.17 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

National CineMedia, Inc. (NCMI) Latest News

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stockrow.com/NCMI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com