Angel Studios, Inc. (ANGX) vs IMAX Corporation (IMAX)

Angel Studios, Inc. and IMAX Corporation are both Entertainment companies. IMAX Corporation is the larger, with a market value of $3.0B against $915.1M — 3.3× the size. Angel Studios, Inc. has negative trailing earnings, so its P/E is not meaningful; IMAX Corporation trades at 74.7×. Angel Studios, Inc. grew revenue faster over the last twelve months: 78.5% against 14.8%. IMAX Corporation has the higher net margin (9.84% vs −37.5%) and the higher return on invested capital (16.0% vs 0.00%). Across the 16 metrics below, IMAX Corporation leads on 11 and Angel Studios, Inc. on 5.

Valuation

Metric ANGX IMAX Entertainment median
P/E n/m 74.73 22.03
P/S 2.14 7.40 1.47
P/B n/m 6.85 2.00
Price to free cash flow n/m 25.15 16.60
EV/EBITDA n/m 19.93 9.65
EV/Sales 2.16 7.11 1.76
Earnings yield (19.38%) 1.34% (0.67%)
Free cash flow yield (6.50%) 3.98% 3.26%

Profitability

Metric ANGX IMAX Entertainment median
Gross margin 57.94% 59.63% 45.02%
Operating margin (31.54%) 20.16% 2.30%
Net margin (37.50%) 9.84% 0.00%
Free cash flow margin (13.20%) 29.44% 1.56%
Return on equity 784.88% 9.58% 0.00%
Return on assets (131.41%) 4.58% 0.00%
Return on invested capital 0.00% 15.95% 0.00%

Growth

Metric ANGX IMAX Entertainment median
Revenue growth (TTM) 78.45% 14.79% 5.07%
EPS growth (last fiscal year) (71.63%) 31.25% —
Revenue growth, 5-year CAGR — 24.52% 10.25%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ANGX IMAX Entertainment median
Debt to equity (1.95) 0.09 0.46
Current ratio 0.65 1.24 0.86
Net debt to EBITDA 0.02 (0.78) 0.72

Dividend

Metric ANGX IMAX Entertainment median
Dividend yield — — 1.16%
Payout ratio 0.00 0.00 0.00

Size

Metric ANGX IMAX Entertainment median
Market cap 915.11m 3.03b 1.87b

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