National CineMedia, Inc.
Rank #77DeclineNCMI · Nasdaq · Communication Services
National CineMedia, Inc. (NCMI) — Rank #77 by gross profitability (GP/assets 0.52) · ROE -3.2% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001377630 · all metrics point-in-time as of the filing date.
About
National CineMedia, Inc., through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America.
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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. It offers its services to national and local sales groups.
The company was incorporated in 2006 and is headquartered in Centennial, Colorado.
- Industry
- Advertising Agencies
- Sector
- Communication Services
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- ncm.com
Price History
Company Snapshot
P/E, P/B, and dividend yield matter most — book value provides a floor.
Market Cap
$227.18M
P/E (annual)
—
P/S (annual)
0.9
P/B
0.7
P/OCF (annual)
27.0
Shareholder Yield
-54.6%
Employees
248
Industry
Advertising Agencies
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
Safety
1/1 passCash Flow
3/3 passGrowth
0/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds2 of 5 thresholds not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
27.0%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 59.6% — per-share value needs a total required return of 86.6% once share-count change is priced in.
vs. own 6-year median revenue growth: 2.5%
priced above its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
21.6%
r = 10% (base)
27.0%
r = 12%
31.6%
Net debt / market cap: -17.9%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / FCF
Price / free cash flow per share
Asset value and restructuring potential (balance-sheet strength) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.52
Primary signal (Novy-Marx).
72nd pctl of 98 SIC 73 peers
Return on equity
-3.2%
Gross margin
94.7%
99th pctl of 97 SIC 73 peers
Revenue growth (YoY)
-38.3%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2012 | 2013 | 2015 | 2015 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.34
80th pctl of 87 SIC 73 peers (best = lowest)
Current ratio
1.84×
52nd pctl of 97 SIC 73 peers
Quick ratio
1.73×
Net cash
$40.60M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$2.80M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
1.26
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
3.8%
Stock-based comp intensity.
Dividend safety
Composite score
0.8 / 5
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.