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RDI - Reading Internationa...

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Reading International, Inc.

RDI

NASDAQ

Reading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas. This segment operates its cinema exhibition businesses under the Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas brands. The Real Estate segment develops, rents, or licenses retail, commercial, and live theater assets. As of December 31, 2020, the company had interests in 63 cinemas comprising approximately 515 screens; fee interests in two live theaters; fee interest in 44 Union Square property; fee interest in one cinema in Manhattan; fee interests in two cinemas in Australia and three cinemas in New Zealand; fee interest in entertainment-themed centers; fee interest in 2 office buildings; and fee ownership of approximately 8.9 million square feet of developed and undeveloped real estate assets. Reading International, Inc. was incorporated in 1999 and is headquartered in New York, New York.

1.27 USD

0 (0%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

77.86M

139.06M

203.12M

222.74M

195.13M

254.61M

332.22M

433.49M

565.62M

738.03M

Revenue %

-

78.6

46.06

9.66

-12.4

30.48

30.48

30.48

30.48

Ebitda

-17.8M

100.34M

1.4M

9.12M

-7.81M

25.5M

33.27M

43.41M

56.64M

73.91M

Ebitda %

-22.87

72.16

0.69

4.09

-4

10.01

10.01

10.01

10.01

Ebit

-61.67M

54.19M

-42.33M

-11.18M

-24.97M

-40.17M

-52.42M

-68.4M

-89.24M

-116.45M

Ebit %

-79.21

38.97

-20.84

-5.02

-12.8

-15.78

-15.78

-15.78

-15.78

Depreciation

43.87M

46.15M

43.73M

20.3M

17.16M

65.67M

85.69M

111.81M

145.89M

190.36M

Depreciation %

56.34

33.19

21.53

9.11

8.79

25.79

25.79

25.79

25.79

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

26.85M

83.25M

29.96M

13.17M

12.36M

61.8M

80.63M

105.21M

137.28M

179.13M

Total Cash %

34.49

59.87

14.75

5.91

6.33

24.27

24.27

24.27

24.27

Receivables

8.01M

5.36M

6.21M

7.56M

5.28M

11.86M

15.48M

20.2M

26.36M

34.39M

Receivables %

10.29

3.85

3.06

3.39

2.7

4.66

4.66

4.66

4.66

Inventories

1.06M

1.41M

1.62M

1.65M

1.69M

2.43M

3.17M

4.14M

5.4M

7.04M

Inventories %

1.36

1.01

0.8

0.74

0.86

0.95

0.95

0.95

0.95

Payable

41.35M

46.73M

48.27M

49.87M

54.47M

81.87M

106.83M

139.39M

181.88M

237.32M

Payable %

53.11

33.6

23.76

22.39

27.92

32.16

32.16

32.16

32.16

Cap Ex

-18.53M

-15.55M

-9.39M

-4.47M

-

-21.19M

-27.65M

-36.08M

-47.07M

-61.42M

Cap Ex %

-23.79

-11.19

-4.62

-2.01

-

-8.32

-8.32

-8.32

-8.32

Weighted Average Cost Of Capital

Price

1.27

Beta

Diluted Shares Outstanding

23.2M

Costof Debt

8.41

Tax Rate

After Tax Cost Of Debt

8.38

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

251.64M

Total Equity

29.47M

Total Capital

281.11M

Debt Weighting

89.52

Equity Weighting

10.48

Wacc

8.11

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

77.86M

139.06M

203.12M

222.74M

195.13M

254.61M

332.22M

433.49M

565.62M

738.03M

Ebitda

-17.8M

100.34M

1.4M

9.12M

-7.81M

25.5M

33.27M

43.41M

56.64M

73.91M

Ebit

-61.67M

54.19M

-42.33M

-11.18M

-24.97M

-40.17M

-52.42M

-68.4M

-89.24M

-116.45M

Tax Rate

0.33

0.33

0.33

0.33

0.33

0.33

0.33

0.33

0.33

0.33

Ebiat

-57.35M

42.44M

-43.3M

-11.21M

-24.89M

-37.84M

-49.38M

-64.43M

-84.06M

-109.69M

Depreciation

43.87M

46.15M

43.73M

20.3M

17.16M

65.67M

85.69M

111.81M

145.89M

190.36M

Receivables

8.01M

5.36M

6.21M

7.56M

5.28M

11.86M

15.48M

20.2M

26.36M

34.39M

Inventories

1.06M

1.41M

1.62M

1.65M

1.69M

2.43M

3.17M

4.14M

5.4M

7.04M

Payable

41.35M

46.73M

48.27M

49.87M

54.47M

81.87M

106.83M

139.39M

181.88M

237.32M

Cap Ex

-18.53M

-15.55M

-9.39M

-4.47M

-

-21.19M

-27.65M

-36.08M

-47.07M

-61.42M

Ufcf

276.16k

80.72M

-8.49M

4.84M

-873.22k

26.71M

29.26M

38.18M

49.82M

65.01M

Wacc

8.11

8.11

8.11

8.11

8.11

Pv Ufcf

24.7M

25.04M

30.22M

36.47M

44.02M

Sum Pv Ufcf

160.44M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

8.11

Free Cash Flow T1

67.03M

Terminal Value

1.34B

Present Terminal Value

905.18M

Intrinsic Value

Enterprise Value

1.07B

Net Debt

239.29M

Equity Value

826.33M

Diluted Shares Outstanding

23.2M

Equity Value Per Share

35.61

Projected DCF

35.61 0.964%

DCF Levered

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