公司概述
AMC Entertainment Holdings, Inc. primarily engages in the theatrical exhibition business across the United States and international markets, owning, operating, or holding interests in numerous cinema theatres. The company operates within the Communication Services sector and the Entertainment industry, positioning itself as a key distributor of motion picture content to global audiences. With a market capitalization of $786.78M and an annual revenue of $4.85B, the firm employs a workforce of 2,931 individuals to sustain its extensive exhibition network. These financial figures indicate that while the company generates substantial top-line revenue, its relatively modest market cap relative to its sales volume suggests a valuation that does not fully reflect its historical scale or current revenue generation capacity.
财务健康
The company reported a trailing twelve-month revenue of $4.85B, yet it posted a net income loss of $632.4M, while maintaining an EBITDA of $341.9M. The significant gap between the positive EBITDA and the negative net income reveals a substantial cost structure burdened by heavy interest expenses or other non-operating costs that erode bottom-line profitability. Free cash flow stands at -$114.825M, indicating that the company is currently consuming cash rather than generating it, which constrains financial flexibility and limits the ability to fund organic expansion without external capital. The gross margin is 14.4%, the operating margin is 3.4%, and the profit margin is -13.0%, illustrating that while the core exhibition business retains a portion of ticket and concession sales, operating expenses and losses severely impact the final profit picture. Total cash on hand amounts to $428.5M against total debt of $8.14B, resulting in a debt-to-equity ratio that is listed as N/A due to the lack of positive equity; however, the magnitude of debt relative to cash clearly shows a highly leveraged balance sheet rather than a conservative one. The current ratio is 0.41, which signifies that current assets are insufficient to cover current liabilities, highlighting potential short-term liquidity challenges. Return on Equity is N/A because there is no positive equity base to measure against, while Return on Assets is 0.2%, suggesting that management's effectiveness in generating returns from its asset base is minimal given the existing loss environment.
估值评估
The trailing P/E ratio is N/A due to negative earnings, whereas the forward P/E is -3.80, implying that the market prices in a path to profitability or continues to value the stock based on future expectations despite current losses. The price-to-book ratio is -0.37, indicating that the market is valuing the company at less than its book value, which often occurs when a firm's assets are not fully utilized or when liabilities outweigh equity. The price-to-sales ratio stands at 0.16, and the EV/EBITDA is 24.63; these alternative metrics suggest that the stock is priced at a low multiple of revenue but commands a high multiple of earnings before interest, taxes, depreciation, and amortization, reflecting the difficulty in converting operating cash flow into net income. The 52-week high is $4.08 and the 52-week low is $0.93, meaning the current market price sits significantly below the recent peak and near the lower bound of the trading range. The beta value is 2.01, indicating that the stock price is expected to be twice as volatile as the broader market, exposing investors to amplified swings in value during periods of market stress or rally.
Growth & Income
Revenue growth year-over-year is -1.4%, while earnings growth is N/A due to the negative earnings base, suggesting that the company is currently contracting in terms of revenue rather than expanding. Since the earnings growth rate cannot be meaningfully compared to revenue growth in a positive sense, the negative revenue growth implies a contraction in the theatrical exhibition business that directly impacts the bottom line. As a non-dividend payer, the company has a dividend yield of N/A and a payout ratio of 0.0%, meaning all available cash flows are retained or used to service debt rather than distributed to shareholders. The overall growth and income profile is characterized by negative revenue momentum and a lack of dividend distribution, reflecting a strategic focus on survival and deleveraging rather than shareholder returns or expansion.