Cineplex (CGX) Company Overview
Financial Metrics * Market Cap: 3.099B * P/E ratio: 34.68 * Dividend yield: 3.19% * 52 week range: $42-$51.5 * Beta: 0.28 * Shares outstanding in millions: 63.37 * 2015 Q3 saw a 7.6% increase in audiences, which meant an increase in box office revenues by 6.1% and 14.5% in food service revenue
Background * Operates numerous businesses including theatrical exhibition, food services, gaming, alternative programming * Headquartered in Toronto, Canada * 162 theatres with 1655 screens; serves 74 million guests annually * 79% of the entire Canadian market
Recent News (Last year news that should have affected stock price) * January 20, 2015: Introduces Rec Room * February 12, 2015: Reports 4th Q results * May 8, 2015: Reports 1st Q earning results and announces dividend increase * June 11, 2015: Announces plans to launch eSports Cinema Events-live streaming of e-sport tournaments * August 13, 2015: Cineplex reports record second quarter results * September 17, 2015: Acquired assets of WorldGaming for $10 million * Also invested $5MM to create a new competitive gaming league * September 29, 2015: Announces newest location for rec room in Calgary * November 6, 2015: Cineplex and Scotiabank announce 10-year extension of SCENE loyalty program * November 10, 2015: Reports record 3rd quarter results * January 11, 2016: Cineplex, WorldGaming sign comprehensive deal with Sony Computer Entertainment Canada (Playstation) * Plans to open 10-15 “Rec Rooms” across Canada * Management expects revenue of $10MM/year from each location
2016 Notable Box Office Releases
Zoolander 2: February 12
Batman v Superman: March 25
Captain America: Civil War: May 6
Neighbours 2: May 20
X-Men Apocalypse: May 27
Finding Dory: June 17
Ice Age: July 22
Doctor Strange: November 4
Fantastic Beasts: November 18
Food Revenue Breakdown
* Accounts for 32.1% of sales in Q3 2015 * YTD Food service revenue