Intrinsic value of AMC Entertainment Holding - AMC

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$30.30

  Intrinsic Value

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  Rating & Target

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  Value-price divergence*

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Previous close

$30.30

 
Intrinsic value

$82.19

 
Up/down potential

+171%

 
Rating

str. buy

 
Value-price divergence* premium content

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*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of AMC stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  9.81
  18.10
  16.79
  15.61
  14.55
  13.59
  12.74
  11.96
  11.27
  10.64
  10.08
  9.57
  9.11
  8.70
  8.33
  8.00
  7.70
  7.43
  7.18
  6.97
  6.77
  6.59
  6.43
  6.29
  6.16
  6.04
  5.94
  5.85
  5.76
  5.69
  5.62
Revenue, $m
  3,236
  3,822
  4,463
  5,160
  5,911
  6,715
  7,570
  8,475
  9,430
  10,433
  11,484
  12,583
  13,730
  14,924
  16,167
  17,460
  18,804
  20,201
  21,652
  23,160
  24,728
  26,358
  28,054
  29,819
  31,656
  33,570
  35,564
  37,643
  39,812
  42,075
  44,439
Variable operating expenses, $m
 
  3,456
  3,971
  4,529
  5,131
  5,775
  6,460
  7,186
  7,951
  8,755
  9,598
  10,085
  11,004
  11,961
  12,957
  13,994
  15,071
  16,190
  17,353
  18,562
  19,819
  21,125
  22,484
  23,899
  25,371
  26,905
  28,503
  30,169
  31,908
  33,722
  35,616
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  3,023
  3,456
  3,971
  4,529
  5,131
  5,775
  6,460
  7,186
  7,951
  8,755
  9,598
  10,085
  11,004
  11,961
  12,957
  13,994
  15,071
  16,190
  17,353
  18,562
  19,819
  21,125
  22,484
  23,899
  25,371
  26,905
  28,503
  30,169
  31,908
  33,722
  35,616
Operating income, $m
  213
  365
  493
  631
  780
  940
  1,110
  1,289
  1,479
  1,678
  1,887
  2,498
  2,726
  2,963
  3,210
  3,467
  3,733
  4,011
  4,299
  4,598
  4,910
  5,233
  5,570
  5,920
  6,285
  6,665
  7,061
  7,474
  7,904
  8,354
  8,823
EBITDA, $m
  481
  901
  1,052
  1,216
  1,393
  1,582
  1,784
  1,997
  2,222
  2,458
  2,706
  2,965
  3,235
  3,517
  3,810
  4,114
  4,431
  4,760
  5,102
  5,458
  5,827
  6,211
  6,611
  7,027
  7,459
  7,910
  8,380
  8,870
  9,381
  9,915
  10,472
Interest expense (income), $m
  105
  160
  201
  247
  296
  349
  406
  467
  531
  599
  670
  744
  822
  903
  988
  1,076
  1,167
  1,262
  1,361
  1,464
  1,571
  1,682
  1,797
  1,917
  2,042
  2,173
  2,308
  2,449
  2,596
  2,750
  2,910
Earnings before tax, $m
  150
  205
  291
  384
  484
  590
  703
  823
  948
  1,080
  1,217
  1,754
  1,904
  2,060
  2,222
  2,391
  2,566
  2,748
  2,937
  3,134
  3,339
  3,551
  3,772
  4,003
  4,243
  4,492
  4,753
  5,024
  5,308
  5,604
  5,912
Tax expense, $m
  38
  55
  79
  104
  131
  159
  190
  222
  256
  291
  329
  474
  514
  556
  600
  646
  693
  742
  793
  846
  901
  959
  1,019
  1,081
  1,145
  1,213
  1,283
  1,357
  1,433
  1,513
  1,596
Net income, $m
  112
  150
  213
  281
  353
  431
  513
  600
  692
  788
  889
  1,281
  1,390
  1,504
  1,622
  1,745
  1,873
  2,006
  2,144
  2,288
  2,437
  2,592
  2,754
  2,922
  3,097
  3,279
  3,470
  3,668
  3,875
  4,091
  4,316

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  252
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  8,642
  9,901
  11,563
  13,368
  15,313
  17,395
  19,611
  21,956
  24,430
  27,029
  29,752
  32,599
  35,569
  38,663
  41,884
  45,233
  48,715
  52,333
  56,093
  60,001
  64,063
  68,286
  72,679
  77,251
  82,010
  86,968
  92,134
  97,521
  103,139
  109,004
  115,126
Adjusted assets (=assets-cash), $m
  8,390
  9,901
  11,563
  13,368
  15,313
  17,395
  19,611
  21,956
  24,430
  27,029
  29,752
  32,599
  35,569
  38,663
  41,884
  45,233
  48,715
  52,333
  56,093
  60,001
  64,063
  68,286
  72,679
  77,251
  82,010
  86,968
  92,134
  97,521
  103,139
  109,004
  115,126
Revenue / Adjusted assets
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
  0.386
Average production assets, $m
  2,568
  3,034
  3,544
  4,097
  4,693
  5,331
  6,010
  6,729
  7,487
  8,284
  9,119
  9,991
  10,901
  11,850
  12,837
  13,863
  14,930
  16,039
  17,192
  18,389
  19,634
  20,929
  22,275
  23,676
  25,135
  26,654
  28,238
  29,888
  31,611
  33,408
  35,284
Working capital, $m
  -505
  -799
  -933
  -1,078
  -1,235
  -1,403
  -1,582
  -1,771
  -1,971
  -2,181
  -2,400
  -2,630
  -2,869
  -3,119
  -3,379
  -3,649
  -3,930
  -4,222
  -4,525
  -4,841
  -5,168
  -5,509
  -5,863
  -6,232
  -6,616
  -7,016
  -7,433
  -7,867
  -8,321
  -8,794
  -9,288
Total debt, $m
  4,653
  5,755
  7,053
  8,463
  9,982
  11,608
  13,338
  15,170
  17,102
  19,132
  21,258
  23,482
  25,801
  28,218
  30,733
  33,349
  36,068
  38,894
  41,831
  44,883
  48,055
  51,353
  54,784
  58,355
  62,072
  65,944
  69,979
  74,186
  78,574
  83,154
  87,936
Total liabilities, $m
  6,631
  7,733
  9,031
  10,441
  11,960
  13,586
  15,316
  17,148
  19,080
  21,110
  23,236
  25,460
  27,779
  30,196
  32,711
  35,327
  38,046
  40,872
  43,809
  46,861
  50,033
  53,331
  56,762
  60,333
  64,050
  67,922
  71,957
  76,164
  80,552
  85,132
  89,914
Total equity, $m
  2,011
  2,168
  2,532
  2,928
  3,354
  3,810
  4,295
  4,808
  5,350
  5,919
  6,516
  7,139
  7,790
  8,467
  9,173
  9,906
  10,669
  11,461
  12,284
  13,140
  14,030
  14,955
  15,917
  16,918
  17,960
  19,046
  20,177
  21,357
  22,588
  23,872
  25,213
Total liabilities and equity, $m
  8,642
  9,901
  11,563
  13,369
  15,314
  17,396
  19,611
  21,956
  24,430
  27,029
  29,752
  32,599
  35,569
  38,663
  41,884
  45,233
  48,715
  52,333
  56,093
  60,001
  64,063
  68,286
  72,679
  77,251
  82,010
  86,968
  92,134
  97,521
  103,140
  109,004
  115,127
Debt-to-equity ratio
  2.314
  2.650
  2.790
  2.890
  2.980
  3.050
  3.110
  3.150
  3.200
  3.230
  3.260
  3.290
  3.310
  3.330
  3.350
  3.370
  3.380
  3.390
  3.410
  3.420
  3.430
  3.430
  3.440
  3.450
  3.460
  3.460
  3.470
  3.470
  3.480
  3.480
  3.490
Adjusted equity ratio
  0.210
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219
  0.219

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  112
  150
  213
  281
  353
  431
  513
  600
  692
  788
  889
  1,281
  1,390
  1,504
  1,622
  1,745
  1,873
  2,006
  2,144
  2,288
  2,437
  2,592
  2,754
  2,922
  3,097
  3,279
  3,470
  3,668
  3,875
  4,091
  4,316
Depreciation, amort., depletion, $m
  268
  535
  559
  585
  613
  642
  674
  708
  743
  780
  819
  467
  509
  554
  600
  648
  698
  750
  803
  859
  917
  978
  1,041
  1,106
  1,175
  1,246
  1,320
  1,397
  1,477
  1,561
  1,649
Funds from operations, $m
  349
  685
  772
  865
  966
  1,073
  1,188
  1,308
  1,435
  1,568
  1,708
  1,747
  1,899
  2,057
  2,222
  2,393
  2,571
  2,756
  2,948
  3,147
  3,355
  3,570
  3,795
  4,028
  4,272
  4,525
  4,789
  5,064
  5,352
  5,652
  5,965
Change in working capital, $m
  -83
  -122
  -134
  -146
  -157
  -168
  -179
  -189
  -200
  -210
  -220
  -230
  -240
  -250
  -260
  -270
  -281
  -292
  -303
  -315
  -328
  -341
  -354
  -369
  -384
  -400
  -417
  -435
  -453
  -473
  -494
Cash from operations, $m
  432
  1,694
  906
  1,011
  1,123
  1,241
  1,366
  1,497
  1,635
  1,778
  1,928
  1,977
  2,139
  2,307
  2,482
  2,663
  2,852
  3,048
  3,251
  3,462
  3,682
  3,911
  4,149
  4,397
  4,656
  4,925
  5,206
  5,499
  5,805
  6,125
  6,459
Maintenance CAPEX, $m
  0
  -120
  -142
  -166
  -191
  -219
  -249
  -281
  -314
  -350
  -387
  -426
  -467
  -509
  -554
  -600
  -648
  -698
  -750
  -803
  -859
  -917
  -978
  -1,041
  -1,106
  -1,175
  -1,246
  -1,320
  -1,397
  -1,477
  -1,561
New CAPEX, $m
  -422
  -466
  -509
  -553
  -596
  -638
  -679
  -719
  -758
  -797
  -835
  -872
  -910
  -948
  -987
  -1,027
  -1,067
  -1,109
  -1,152
  -1,198
  -1,245
  -1,294
  -1,346
  -1,401
  -1,459
  -1,519
  -1,583
  -1,651
  -1,722
  -1,797
  -1,877
Cash from investing activities, $m
  -1,355
  -586
  -651
  -719
  -787
  -857
  -928
  -1,000
  -1,072
  -1,147
  -1,222
  -1,298
  -1,377
  -1,457
  -1,541
  -1,627
  -1,715
  -1,807
  -1,902
  -2,001
  -2,104
  -2,211
  -2,324
  -2,442
  -2,565
  -2,694
  -2,829
  -2,971
  -3,119
  -3,274
  -3,438
Free cash flow, $m
  -923
  1,108
  254
  292
  335
  384
  438
  498
  562
  632
  706
  679
  762
  849
  941
  1,037
  1,137
  1,241
  1,349
  1,462
  1,578
  1,699
  1,825
  1,955
  2,090
  2,231
  2,377
  2,529
  2,686
  2,850
  3,021
Issuance/(repayment) of debt, $m
  1,065
  1,183
  1,298
  1,410
  1,519
  1,626
  1,730
  1,832
  1,932
  2,030
  2,127
  2,223
  2,320
  2,417
  2,515
  2,616
  2,719
  2,826
  2,937
  3,052
  3,172
  3,299
  3,431
  3,570
  3,717
  3,872
  4,035
  4,207
  4,388
  4,580
  4,782
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  998
  1,183
  1,298
  1,410
  1,519
  1,626
  1,730
  1,832
  1,932
  2,030
  2,127
  2,223
  2,320
  2,417
  2,515
  2,616
  2,719
  2,826
  2,937
  3,052
  3,172
  3,299
  3,431
  3,570
  3,717
  3,872
  4,035
  4,207
  4,388
  4,580
  4,782
Total cash flow (excl. dividends), $m
  76
  2,291
  1,553
  1,702
  1,854
  2,010
  2,168
  2,330
  2,494
  2,662
  2,833
  2,902
  3,081
  3,266
  3,456
  3,653
  3,856
  4,067
  4,286
  4,513
  4,750
  4,998
  5,256
  5,526
  5,808
  6,103
  6,412
  6,735
  7,075
  7,430
  7,803
Retained Cash Flow (-), $m
  -471
  -328
  -364
  -395
  -426
  -456
  -485
  -514
  -542
  -569
  -596
  -623
  -650
  -678
  -705
  -734
  -762
  -792
  -823
  -856
  -890
  -925
  -962
  -1,001
  -1,042
  -1,086
  -1,131
  -1,180
  -1,231
  -1,284
  -1,341
Prev. year cash balance distribution, $m
 
  171
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  2,133
  1,189
  1,307
  1,428
  1,554
  1,683
  1,816
  1,952
  2,092
  2,236
  2,278
  2,431
  2,588
  2,751
  2,919
  3,094
  3,274
  3,462
  3,658
  3,861
  4,073
  4,294
  4,524
  4,765
  5,017
  5,280
  5,556
  5,844
  6,146
  6,462
Discount rate, %
 
  10.30
  10.82
  11.36
  11.92
  12.52
  13.15
  13.80
  14.49
  15.22
  15.98
  16.78
  17.62
  18.50
  19.42
  20.39
  21.41
  22.48
  23.61
  24.79
  26.03
  27.33
  28.70
  30.13
  31.64
  33.22
  34.88
  36.62
  38.45
  40.38
  42.40
PV of cash for distribution, $m
 
  1,934
  968
  946
  910
  862
  802
  735
  661
  585
  508
  414
  347
  285
  229
  180
  139
  104
  76
  54
  38
  25
  17
  11
  7
  4
  2
  1
  1
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

AMC Entertainment Holdings, Inc., through its subsidiaries, operates as a theatrical exhibition company in the United States and internationally. It owns, operates, or has interests in theatres. As of June 30, 2016, the company owned, operated, or had interests in 386 theatres with 5,334 screens primarily in the United States. The company was founded in 1920 and is headquartered in Leawood, Kansas. AMC Entertainment Holdings, Inc. operates as a subsidiary of Wanda America Investment Holding Co. Ltd.

FINANCIAL RATIOS  of  AMC Entertainment Holding (AMC)

Valuation Ratios
P/E Ratio 29.8
Price to Sales 1
Price to Book 1.7
Price to Tangible Book
Price to Cash Flow 7.7
Price to Free Cash Flow 333.5
Growth Rates
Sales Growth Rate 9.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 26.7%
Cap. Spend. - 3 Yr. Gr. Rate 10.1%
Financial Strength
Quick Ratio 3
Current Ratio 0.1
LT Debt to Equity 227.3%
Total Debt to Equity 231.4%
Interest Coverage 2
Management Effectiveness
Return On Assets 2.8%
Ret/ On Assets - 3 Yr. Avg. 3%
Return On Total Capital 2.2%
Ret/ On T. Cap. - 3 Yr. Avg. 2.2%
Return On Equity 6.3%
Return On Equity - 3 Yr. Avg. 5.8%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 61.9%
Gross Margin - 3 Yr. Avg. 61.4%
EBITDA Margin 16.2%
EBITDA Margin - 3 Yr. Avg. 16.3%
Operating Margin 6.6%
Oper. Margin - 3 Yr. Avg. 7%
Pre-Tax Margin 4.6%
Pre-Tax Margin - 3 Yr. Avg. 4.6%
Net Profit Margin 3.5%
Net Profit Margin - 3 Yr. Avg. 3.1%
Effective Tax Rate 25.3%
Eff/ Tax Rate - 3 Yr. Avg. 32%
Payout Ratio 71.4%

AMC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AMC stock intrinsic value calculation we used $3236 million for the last fiscal year's total revenue generated by AMC Entertainment Holding. The default revenue input number comes from 2016 income statement of AMC Entertainment Holding. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AMC stock valuation model: a) initial revenue growth rate of 18.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 10.3%, whose default value for AMC is calculated based on our internal credit rating of AMC Entertainment Holding, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of AMC Entertainment Holding.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AMC stock the variable cost ratio is equal to 92.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for AMC stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for AMC Entertainment Holding.

Corporate tax rate of 27% is the nominal tax rate for AMC Entertainment Holding. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AMC stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AMC are equal to 79.4%.

Life of production assets of 21.4 years is the average useful life of capital assets used in AMC Entertainment Holding operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AMC is equal to -20.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2011 million for AMC Entertainment Holding - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 131.955 million for AMC Entertainment Holding is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of AMC Entertainment Holding at the current share price and the inputted number of shares is $4.0 billion.


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Stock chart of AMC Financial statements of AMC
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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