IMAX China Holding Inc (HK:1970)
:1970
Top Page
IMAX China Holding
(1970)
Select Model
Select Model
Rating:74Outperform
Price Target:
HK$8.50
▲(0.59% Upside)
Action:UpgradedDate:03/14/26
The score is driven primarily by strong financial fundamentals (especially the very strong, low-debt balance sheet and improved 2025 profitability/cash conversion) and a relatively low P/E valuation. These positives are tempered by weak technical momentum (price below key moving averages with negative MACD) and the company’s historically volatile results across the cycle.
Positive Factors
Very low leverage / strong balance sheet
Elimination of debt in 2025 delivers durable financial flexibility: lower fixed obligations reduce default risk, free up cash for system installs, maintenance and marketing, and allow the company to weather cyclical box‑office downturns without needing frequent external capital.
Negative Factors
Earnings and cashflow volatility
Historic swings in profitability and cash flow reduce predictability of free cash generation and capital allocation. This cyclicality means management must retain higher liquidity or forgone growth in weak years, and long‑term planning is exposed to lumpy film release cycles and macro shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Elimination of debt in 2025 delivers durable financial flexibility: lower fixed obligations reduce default risk, free up cash for system installs, maintenance and marketing, and allow the company to weather cyclical box‑office downturns without needing frequent external capital.
Read all positive factors
IMAX China Holding (1970) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.63B
Dividend YieldN/A
Average Volume (3M)95.60K
Price to Earnings (P/E)9.4
Beta (1Y)0.56
Revenue Growth10.53%
EPS Growth26.74%
CountryHK
Employees99
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)0.32
Shares Outstanding339,887,200
10 Day Avg. Volume23,950
30 Day Avg. Volume95,603
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)1.12
Price to Sales (P/S)3.47
P/FCF Ratio6.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.1
Revenue Forecast (FY)HK$101.70M
IMAX China Holding Business Overview & Revenue Model
Company Description
IMAX China Holding, Inc., an investment holding company, provides digital and film-based motion picture technologies in the People's Republic of China, Hong Kong, Macau, and Taiwan. It operates through three groups: IMAX Technology Network, IMAX T...
How the Company Makes Money
IMAX China primarily makes money by monetizing the IMAX premium large-format ecosystem in Greater China through multiple revenue streams tied to (1) cinema system deployment and ongoing operation, and (2) the performance of IMAX films in theaters....
IMAX China Holding Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 102.49M | 81.00M | 86.98M | 73.33M | 112.80M |
| Gross Profit | 66.05M | 44.02M | 54.53M | 39.70M | 68.19M |
| EBITDA | 65.89M | 48.38M | 53.84M | 31.94M | 63.89M |
| Net Income | 37.74M | 22.22M | 27.50M | 10.76M | 38.22M |
Balance Sheet | |||||
| Total Assets | 377.84M | 333.57M | 318.28M | 326.40M | 349.76M |
| Cash, Cash Equivalents and Short-Term Investments | 129.84M | 80.05M | 63.04M | 74.97M | 98.32M |
| Total Debt | 0.00 | 1.45M | 1.75M | 14.64M | 4.16M |
| Total Liabilities | 61.89M | 59.47M | 63.91M | 93.33M | 95.88M |
| Stockholders Equity | 315.95M | 274.10M | 254.37M | 233.07M | 253.88M |
Cash Flow | |||||
| Free Cash Flow | 57.77M | 20.06M | 8.42M | 1.07M | 22.55M |
| Operating Cash Flow | 57.94M | 30.82M | 12.54M | 1.16M | 30.14M |
| Investing Cash Flow | -5.76M | -10.74M | -3.79M | -13.74M | 10.19M |
| Financing Cash Flow | -3.31M | -2.10M | -19.68M | -5.84M | -33.37M |
IMAX China Holding Technical Analysis
Neutral
8.45
Price Trends
8.01
Negative
8.13
Negative
8.17
Negative
Market Momentum
-0.11
Negative
49.21
Neutral
34.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1970, the sentiment is Neutral. The current price of 8.45 is above the 20-day moving average (MA) of 7.63, above the 50-day MA of 8.01, and above the 200-day MA of 8.17, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 49.21 is Neutral, neither overbought nor oversold. The STOCH value of 34.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1970.
IMAX China Holding Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$2.63B | 9.42 | 11.86% | ― | 10.53% | 26.74% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | HK$19.72B | 14.04 | 3.32% | ― | 40.31% | 212.50% | |
49 Neutral | HK$15.62B | -12.54 | -16.39% | ― | 184.30% | 3.58% | |
46 Neutral | HK$568.68M | -8.07 | -15.30% | ― | -44.93% | 30.34% | |
46 Neutral | HK$181.98M | 3.28 | 4.19% | ― | -7.90% | 93.34% | |
46 Neutral | HK$870.24M | -3.44 | -24.48% | ― | ― | ― |
* Communication Services Sector Average
HK:1970
IMAX China Holding
7.80
1.80
30.00%
HK:0326
China Star Entertainment
6.06
4.37
258.58%
HK:0391
Mei Ah Entertainment Group Limited
0.10
>-0.01
-3.03%
HK:1132
Orange Sky Golden Harvest Entertainment (Holdings) Limited
0.06
0.03
76.47%
HK:1003
Huanxi Media Group Ltd.
0.24
-0.21
-46.52%
HK:1060
Damai Entertainment Holdings Limited
0.62
0.11
21.57%
IMAX China Holding Corporate Events
IMAX China Grants New Tranche of Share Units to Management and Staff
Mar 9, 2026
IMAX China Holding, Inc. has granted 855,166 restricted share units under its RSU scheme and 356,916 performance share units under its PSU scheme, together representing about 0.25% of the company’s issued share capital. The grants, dated 9 M...
IMAX China Posts 2025 Results and Clarifies CEO Pay in Past Reports
Feb 26, 2026
IMAX China Holding announced its audited consolidated annual results for the year ended 31 December 2025, providing investors with an update on the financial performance of the group. The company also disclosed that its controlling shareholder, IM...
IMAX China Sets February Board Meeting to Approve 2025 Annual Results
Feb 10, 2026
IMAX China Holding, Inc. has scheduled a board meeting for 25 February 2026 to review and approve the consolidated final results for the year ended 31 December 2025. The board will also consider recommending a final dividend for shareholders and a...
IMAX China Raises Caps on Connected-Service Deals With IMAX Corporation
Dec 29, 2025
IMAX China Holding has amended its existing services agreements between IMAX Corporation and its subsidiaries IMAX Shanghai Multimedia and IMAX Hong Kong, effective 1 December 2025, to update and broaden the scope of services and the range of acti...
IMAX China Strengthens Governance With Formal Nomination Committee Terms
Dec 29, 2025
IMAX China Holding, Inc. has formalized the terms of reference for its Nomination Committee, a board committee responsible for overseeing the selection and appointment of directors. The document sets out that the committee must comprise at least t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.