FMP
Jun 5, 2024 3:57 PM - Davit Kirakosyan
Roth MKM analysts reaffirmed their Sell rating on AMC Entertainment (NYSE:AMC) with a price target of $4 on the stock, noting they remain cautious due to AMC's substantial debt levels, low or negative projected cash flow, and high valuation.
Despite some optimism about the 2025/2026 box office outlook, it may take several years for AMC to improve its financial position and address its significantly diluted share count.
AMC ended the first quarter with $624 million in cash. The analysts' projections include a cash burn of $335 million in the second quarter, followed by positive free cash flow of $155 million in the second half of the year, reducing the need for additional equity raises. Total debt stands at $4.453 billion after a recent $164 million debt-for-equity swap, with an annual interest expense of $346 million. The diluted share count has increased to approximately 325 million, following the completion of an ATM offering and debt swap, which is about 14 times larger than at the start of the pandemic, leaving room within the authorized maximum of 550 million shares.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...