National CineMedia, Inc.
NCMI · Price history
Price at last available close
$1.75
−$0.55 (-23.91%) 1M
2026-10-28
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Company & revenue
About National CineMedia, Inc.
Primary reporting period: 2026-01-01 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
National CineMedia, Inc., through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies. It also sells digital advertising, including through NCM Boost, a data, insights and analytics platform that utilizes data; NCM Boost, a audience accelerator digital product; NCM Boomerang, retargeting solution designed to amplify post-theatre engagement; NCM Bullseye, an AI-generated creative to deliver dynamic and hyper-localized messaging; and NCM Blueprint, a real-time renovation permit data to identify homeowners who are actively engaged in remodelling projects.
How they make money
National CineMedia generates revenue primarily by selling advertising inventory to national, regional, and local businesses. This advertising is displayed through its cinema advertising and entertainment shows, specifically the Noovie and CineLife programs, which are presented on movie screens across a network of affiliated theater circuits in the United States.
Products & services
Cinema advertising platform including the Noovie and CineLife shows, digital and digital-out-of-home (DOOH) marketing programs, and in-theater lobby entertainment network advertising.
Brands & revenue mix
Primary cinema advertising and entertainment show.
Separate brand revenue is not available in this research.Source
Cinema advertising and entertainment show presented in Spotlight Cinema Network.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
Period ended 2026-01-01Source
Period ended 2026-01-01Source
Period ended 2026-01-01Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company relies on a network of 41 leading national and regional theater circuits to provide the screens necessary for its advertising platform, with agreements extending through 2033.
Suppliers, materials & equipment
- Theater Circuits — Various national and regional theater circuits that provide screen access for advertising; specific supplier companies are unnamed beyond the major ESA parties.Source
Business relationships & partnerships
- AMC Theatres — Exhibitor Services Agreement (ESA) partner providing theater screens for the Noovie advertising network.Source
- Cinemark — Exhibitor Services Agreement (ESA) partner providing theater screens for the Noovie advertising network.Source
- Regal Cinemas — Exhibitor Services Agreement (ESA) partner providing theater screens for the Noovie advertising network.Source
Strengths
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-07-02.
Total debt increased 62.2% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
29
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
31
Poor
Financial Strength
45
Business Quality / Moat
17
Management
40
Growth Quality
30
Risk / Durability
10
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
31
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
42/100
Building Historical Record
Model Score 42/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •Debt service risk
- •M&A headline · Sep 21, 2026
- •M&A headline · Aug 11, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for NCMI
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can NCMI maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is NCMI's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is NCMI likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for NCMI to reach sustainable profitability?
- •What future growth or profitability would be needed to justify NCMI's current valuation?
Essential Investment Snapshot
Wall Street Score
29
Opportunity Score
31
Market Cap
$164.6M
P/E Ratio
-18.8
EPS
$-0.09
52-Week High
$4.56
52-Week Low
$1.73
Beta
1.39
Analyst Target
$4.63
Shares Outstanding
94.2M
Total Revenue
$249.0M
Total Debt
$21.9M
Dividend Yield (TTM)
5.14%
Liquidation Value / Share
$3.55
Dividend / Share (TTM)
$0.09
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NCMI
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~-23.2x). Earnings may be strained to cover interest expense.
M&A headline · Sep 21, 2026
National CineMedia, Inc. Completes Acquisition of Captivate — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireM&A headline · Aug 11, 2026
National CineMedia To Acquire Captivate For $275M, Expands From Movie Theater Ads To Offices, Apartment Buildings — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
DeadlineM&A headline · Aug 11, 2026
National CineMedia, Inc. to Acquire Captivate for $275 Million, Creating the Leading Premium Video and Digital Out-of-Home Advertising Platform — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Business WireCommunity Sentiment
0 active · 0 total callsNo personal call yet on NCMI.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Largest cinema advertising platform in the U.S.
- +Extensive network of over 17,000 screens in 184 Designated Market Areas.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Advertising Agencies industry.
- −Dependence on Exhibitor Services Agreements with theater circuits.
- −Expiration of network affiliate agreements.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
28
Oct 8, 2026
Change
+0.6
points
Current Score
29
Oct 29, 2026
Category Changes
NCMI increased 0.6 points because Revenue improved by 3.1 points, Capital improved by 4 points.
Positive Contributors
- + Revenue improved by 3.1 points
- + Capital improved by 4 points
Projected Score
Projected Score
27
Projected Change
-1.4 points
Preliminary comparable-period financial changes suggest decline of approximately 1.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.75
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2019 | 2018 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $249.0M | $243.2M | $240.8M | $165.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $114.5M | $169.4M | $168.0M | $80.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $134.5M | $73.8M | $72.8M | $85.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $3.3M | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $76.2M | $87.7M | $92.3M | $86.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $152.2M | $87.7M | $92.3M | $112.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $30.0M | $27.9M | $22.0M | $750.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$17.7M | -$13.9M | -$19.5M | -$27.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $500K | $600K | $1.7M | $27.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$7.6M | -$10.6M | -$22.1M | $696.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $200K | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$7.6M | -$10.6M | -$22.3M | $705.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.09 | $-0.11 | $-0.23 | $14.73 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 93.70M | 94.18M | 95.87M | 47.88M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 93.70M | 94.18M | 95.87M | 48.57M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$58.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.11
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+62.2%
Cash Change
+6.9%
Margin Change
+3.7 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels, net income margin. Pressure indicators included EPS growth, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 12.7%. EPS was essentially unchanged. Cash increased 6.9%. Total debt increased 62.2%. Net income margin improved by 3.7 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Advertising AgenciesNews
National CineMedia Strengthens Cinema Advertising Network With 12 New and Renewed Exhibitor Agreements, Reaching More Than 680 Screens Nationwide
National CineMedia, Inc. (NASDAQ:NCMI) Stock Has Consensus Target Price of $4.81
Critical Analysis: National CineMedia (NASDAQ:NCMI) versus Grupo Televisa (NYSE:TV)
National CineMedia, Inc. Completes Acquisition of Captivate
Rumor Mill · NCMI
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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