IMAX Corporation (IMAX) vs Reservoir Media, Inc. (RSVR)

IMAX Corporation and Reservoir Media, Inc. are both Entertainment companies. IMAX Corporation is the larger, with a market value of $2.6B against $681.1M — 3.9× the size. IMAX Corporation trades at the lower P/E: 19.9× against 60.2×. IMAX Corporation grew revenue faster over the last twelve months: 28.2% against 10.9%. IMAX Corporation has the higher net margin (27.7% vs 6.09%) and the higher return on invested capital (21.3% vs 3.04%). Across the 22 metrics below, IMAX Corporation leads on 16 and Reservoir Media, Inc. on 6.

Valuation

Metric IMAX RSVR Entertainment median
P/E 19.90 60.24 24.17
P/S 5.52 3.66 1.36
P/B 4.53 1.76 1.75
Price to free cash flow 18.96 14.72 17.36
EV/EBITDA 12.17 14.97 8.85
EV/Sales 5.17 6.02 1.68
Earnings yield 5.03% 1.66% (1.47%)
Free cash flow yield 5.27% 6.79% 3.98%

Profitability

Metric IMAX RSVR Entertainment median
Gross margin 63.46% 64.87% 40.04%
Operating margin 26.80% 21.54% 2.30%
Net margin 27.70% 6.09% 0.00%
Free cash flow margin 29.11% 24.89% 4.34%
Return on equity 26.15% 2.97% 2.72%
Return on assets 13.97% 1.21% 0.00%
Return on invested capital 21.25% 3.04% 0.55%

Growth

Metric IMAX RSVR Entertainment median
Revenue growth (TTM) 28.15% 10.90% 8.28%
EPS growth (last fiscal year) 31.25% 8.33% 9.67%
Revenue growth, 5-year CAGR 24.52% 10.25% 10.07%
Net income growth, 5-year CAGR 0.00% (6.94%) 0.00%

Health

Metric IMAX RSVR Entertainment median
Debt to equity 0.00 1.20 0.46
Current ratio 0.00 1.33 1.00
Net debt to EBITDA (0.78) 6.08 0.97

Dividend

Metric IMAX RSVR Entertainment median
Dividend yield — — 1.23%
Payout ratio — — 0.26

Size

Metric IMAX RSVR Entertainment median
Market cap 2.64b 681.06m 3.27b

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