AMC Entertainment (AMC) AI Stock Analysis

• Market Cap: $841.23M
• Dividend Yield: N/A
• Average Volume (3M): 21.86M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.76
• Revenue Growth: 9.74%
• EPS Growth: 12.29%
• Country: US
• Employees: 2,915
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): -0.58
• Shares Outstanding: 512,943,540
• 10 Day Avg. Volume: 26,016,685
• 30 Day Avg. Volume: 21,855,656
• PEG Ratio: 0.08
• Price to Book (P/B): -0.75
• Price to Sales (P/S): 0.29
• P/FCF Ratio: -4.47
• Enterprise Value/Market Cap: 11.02
• Enterprise Value/Revenue: 1.90
• Enterprise Value/Gross Profit: 3.43
• Enterprise Value/Ebitda: 49.40
• 1Y Price Target: $2.15
• Price Target Upside: 31.10% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): -0.39
• Revenue Forecast (FY): $5.39B

• Rating: 46 Neutral
• Price Target: $1.50 ▼(-8.54% Downside)

The score is held down primarily by weak financial performance (losses, negative equity, and negative operating/free cash flow) and bearish technicals (below key moving averages with negative MACD). The latest earnings call provides a partial offset via improving operating metrics, market share gains, and debt actions, but valuation signals remain low-confidence due to the negative P/E and no dividend yield data.

Positive Factors

Domestic Market Share Leadership

Sustained U.S. market share near 24% indicates durable scale advantages across distribution, pricing and exhibitor bargaining. Higher share supports negotiating leverage with studios, greater feed of captive traffic to premium formats, and resilience versus local competitors.

Higher Per‑Patron Monetization

Record admissions and strong food & beverage receipts raise durable per-visit economics. F&B has higher margins than tickets, so persistent per-patron gains materially improve contribution margins and reduce break‑even attendance levels over time.

Diversified Event & Loyalty Revenue Streams

Large content events, merchandise growth (~$65M) and near‑million loyalty memberships create recurring and non‑box‑office revenue lines. These structural diversification levers lower reliance on hit films and improve revenue stability across cycles.

Negative Factors

Highly Levered Balance Sheet

Negative equity and heavy leverage constrain financial flexibility, raise refinancing risk, and increase interest burden. Over months this limits investment in theaters, delays upgrades, and forces capital actions that can dilute shareholders or restrict strategic options.

Weak Cash Generation

Persistently negative operating and free cash flows signify structural cash burn and limit reinvestment. Over the medium term this necessitates external financing or asset sales, curbing organic growth and raising the risk of dilution or covenant pressures.

Dependence on Film Slate and Box Office Cyclicality

Core revenues remain tied to film slate performance and seasonality; weak industry box office or regional softness reduces admissions sharply. This structural exposure means results hinge on content cycles, limiting predictability and making long-term planning contingent on external studio output.

AMC Entertainment Business Overview & Revenue Model

Company Description

AMC Entertainment Holdings, Inc., through its subsidiaries, engages in the theatrical exhibition business. The company owns, operates, or has interests in theatres in the United States and Europe. As of March 1, 2022, it operated approximately 950 theatres and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.

How the Company Makes Money

AMC generates revenue primarily through ticket sales, which account for a significant portion of its income. In addition to box office revenue, the company earns substantial profits from concessions, including popcorn, beverages, and other snacks. Membership programs, such as AMC Stubs, provide additional recurring revenue through subscription fees and loyalty incentives. The company also benefits from partnerships with film studios for exclusive screenings and promotional events, further enhancing its revenue streams. Seasonal events and special screenings contribute to its earnings, while advertising within theaters adds another layer to its income.

AMC Entertainment Financial Statement Overview

Summary

AMC's financial performance is severely challenged, with negative profitability, high leverage, and cash flow issues. The income statement shows declining revenues and negative net profit margins. The balance sheet is highly leveraged with negative equity, and cash flows are negative, indicating financial distress.

Income Statement

AMC's income statement reflects significant challenges, with consistent negative net profit margins and declining revenue growth. The TTM data shows a gross profit margin of 66.42%, indicating some operational efficiency, but the net profit margin is negative at -7.39%, highlighting ongoing profitability issues. Revenue growth has been negative, with a sharp decline of 98.9% in the TTM period, indicating severe revenue contraction. EBIT and EBITDA margins are also weak, with EBIT being negative, suggesting operational difficulties.

Balance Sheet

AMC's balance sheet reveals a highly leveraged position with a negative stockholders' equity, resulting in a concerning debt-to-equity ratio of -4.80 in the TTM period. The return on equity is positive at 21.02%, but this is due to the negative equity base, which distorts the ratio. The equity ratio is negative, indicating that liabilities exceed assets, posing a risk to financial stability.

Cash Flow

The cash flow statement shows negative operating and free cash flows, with a free cash flow growth rate of -362.3% in the TTM period, indicating worsening cash generation. The operating cash flow to net income ratio is negative, reflecting cash flow challenges. The free cash flow to net income ratio is high at 5.15, but this is due to the negative net income, which skews the ratio.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.87B	4.64B	4.81B	3.91B	2.53B	1.24B
Gross Profit	2.70B	3.09B	3.21B	2.63B	1.78B	830.90M
EBITDA	187.60M	412.70M	383.00M	-196.40M	-396.90M	-3.67B
Net Income	-640.60M	-352.60M	-396.60M	-973.60M	-1.27B	-4.59B
Balance Sheet
Total Assets	8.02B	8.25B	9.01B	9.14B	10.82B	10.28B
Cash, Cash Equivalents and Short-Term Investments	416.90M	632.30M	884.30M	631.50M	1.59B	308.30M
Total Debt	8.20B	8.28B	9.14B	10.02B	10.75B	11.38B
Total Liabilities	9.80B	10.01B	10.86B	11.76B	12.61B	13.13B
Stockholders Equity	-1.78B	-1.76B	-1.85B	-2.62B	-1.79B	-2.89B
Cash Flow
Free Cash Flow	-295.30M	-296.30M	-444.80M	-848.30M	-714.70M	-1.30B
Operating Cash Flow	-42.90M	-50.80M	-215.20M	-628.50M	-614.10M	-1.13B
Investing Cash Flow	-252.80M	-242.90M	-180.10M	-224.00M	-68.20M	-154.60M
Financing Cash Flow	130.60M	68.40M	649.30M	-91.30M	1.99B	1.33B

AMC Entertainment Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMC, the sentiment is Negative. The current price of 1.64 is below the 20-day moving average (MA) of 1.72, below the 50-day MA of 2.10, and below the 200-day MA of 2.74, indicating a bearish trend. The MACD of -0.18 indicates Negative momentum. The RSI at 38.43 is Neutral, neither overbought nor oversold. The STOCH value of 29.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AMC.

AMC Entertainment Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IMAX	76 Outperform	$1.84B	47.67	12.38%	―	9.30%	67.19%
MSGE	64 Neutral	$2.60B	81.54	―	―	0.68%	-80.73%
MCS	63 Neutral	$457.73M	64.89	1.68%	1.97%	6.28%	―
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
CNK	58 Neutral	$2.64B	21.85	32.60%	1.45%	9.70%	-31.62%
PLAY	52 Neutral	$599.97M	-511.56	0.17%	―	-4.07%	-100.72%
AMC	46 Neutral	$841.23M	-1.22	―	―	9.74%	12.29%

AMC Entertainment Corporate Events

AMC Entertainment Amends Exchangeable Notes Financing Agreement

On December 22, 2025, AMC Entertainment Holdings, Inc. and its wholly owned subsidiary Muvico, LLC reached an agreement with the holders of Muvico’s Senior Secured Exchangeable Notes due 2030 to amend the indenture governing those notes, including changes to the definition of the “Exchange Rate” and to a specific covenant provision. To implement these amendments, AMC, Muvico, other guarantors and GLAS Trust Company LLC, as trustee and notes collateral agent, executed a supplemental indenture on January 12, 2025, formalizing the revised terms of the exchangeable notes, a step that fine-tunes the company’s financing structure and could affect the economic and contractual framework of this debt for both AMC and its noteholders.

The most recent analyst rating on (AMC) stock is a Sell with a $1.30 price target. To see the full list of analyst forecasts on AMC Entertainment stock, see the AMC Stock Forecast page.

AMC Entertainment amends notes, gains equity offering flexibility

On December 22, 2025, AMC Entertainment Holdings, Inc. and its subsidiary Muvico, LLC agreed with the holders of Muvico’s Senior Secured Exchangeable Notes due 2030 to amend the indenture governing those notes, including revising the formula for the exchange rate into AMC common stock and permitting AMC, beginning no earlier than February 2, 2026, to conduct one or more at-the-market equity offerings of up to $150 million in net proceeds during a specified restricted period. In exchange for the noteholders’ consent to these changes, AMC will pay a $6.25 million consent fee in shares of its common stock, with the share count determined by the 60-day volume-weighted average price starting December 22, 2025, a move that provides the company with additional capital-raising flexibility while modestly diluting existing shareholders and adjusting the economics of the exchangeable notes.

The most recent analyst rating on (AMC) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on AMC Entertainment stock, see the AMC Stock Forecast page.

AMC Entertainment Stockholders Approve Share Increase Amendment

At the 2025 Annual Meeting of Stockholders on December 10, 2025, AMC Entertainment‘s stockholders approved an amendment to double the authorized shares of Class A common stock to 1.1 billion, while removing references to Class B stock and prior stock reclassifications. Despite strong support for several governance amendments, such as declassifying the board and allowing stockholder actions by written consent, these proposals did not pass due to the requirement for a majority of outstanding shares. The election of directors, ratification of the independent auditor, and approval of executive compensation were successful, indicating a mixed outcome for the company’s governance restructuring efforts.

The most recent analyst rating on (AMC) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on AMC Entertainment stock, see the AMC Stock Forecast page.