Spotlight Cinema Networks LLC
Total Consideration
$8.2M
Purchase-Price Allocation
Goodwill
$500.0K
Assets Acquired
$12.1M
Liabilities Assumed
$3.9M
Contingent Earn-Out
$1.3M
Pro-Forma Combined Entity
Revenue
$253.5M
Net Income
−$11.3M
National CineMedia, Inc. — Key Metrics
16 years of history · ending 2026-01-01 · SEC EDGAR
Forensics
Three classic accounting-quality scores. F-Score (0-9, higher = better fundamentals); M-Score (>-1.78 flags possible manipulation); Z-Score (>2.99 = safe, <1.81 = distressed). Use together — single-score readings are noisy.
F-Score (Piotroski 0-9)
Z-Score (Altman; <1.81 = distress)
Per Share Metrics
Turnover & Efficiency Analysis (days)
Expense Ratios
Working Capital Analysis
Valuation Multiples
Cash-Flow Multiples
Enterprise Value Multiples
52-Week Range
Trailing Returns
ROIC vs WACC
Yields
Capital Deployment Yields
Liquidity & Leverage Ratios
Earnings Quality (OCF/NI · FCF/NI · Sloan Accruals)
EPS (Diluted)↑+81.5% +$0
$-0
Book Value Per Share↑+183.0% +$9
$4
Free Cash Flow Per Share↑+102.4% +$1
$0
Cash Per Share↓-71.0% -$1
$0
Revenue Per Share↑+80.0% +$1
$3
OCF Per Share↑+107.5% +$1
$0
Return on Equity↓-17.6pts
-2.7%
Return on Assets↑+3.7pts
-2.0%
Return on Invested Capital↑+4.5pts
-2.7%
Debt to Equity↑+101.1% +$3
0.03
Current Ratio↓-2.0% -$0
2.22
Quick Ratio↓-2.0% -$0
2.22
Asset Turnover↑+241.3% +$0
0.46
Days Sales Outstanding↓-14.2% -$24
144.83
Days Payables Outstanding
732.81
R&D / Revenue↓-0.2pts
1.3%
SBC / Revenue↓-3.2pts
3.8%
Capex / Revenue↓-2.7pts
2.3%
Working Capital↓-14.2% -$13M
$76M
Net Current Asset Value↑+102.2% +$1.07B
$23M
Invested Capital↓-45.7% -$327M
$387M
OCF / Net Income↓-140.5% -$3
-0.79
FCF / Net Income↓-112.7% -$2
-0.26
Accruals Ratio (Sloan)↓-9.6pts
-3.9%
Net Debt↓-102.3% -$1.02B
$-23M
Net Debt / EBITDA↑+93.3% +$16
-1.16
Interest Coverage↓-2088.3% -$22
-23.17
Cash Coverage↑+1052.9% +$15
14.00
Dividend Coverage↑+113.1% +$6
0.74
Capex Coverage↑+109.0% +$18
1.50
Tangible Common Equity↑+106.7% +$1.06B
$66M
TCE / Total Assets↑+134.6pts
13.5%
Goodwill / Total Assets
0.1%
NOPAT↑+79.7% +$43M
$-11M
Cash ROIC↑+14.2pts
0.7%
WC / Revenue↓-46.1pts
31.3%
Capex / D&A↓-60.4% -$1
0.45
Reinvestment Rate↓-47.9pts
-40.3%
Total Payout Ratio↓-280.4pts
-315.1%
Asset Growth vs Revenue Growth↑+19.8pts
-14.7%
Revenue 5Y CAGR↑+45.7pts
21.9%
EPS 5Y CAGR↑+66.4pts
88.3%
FCF 5Y CAGR
-43.2%
EBITDA 5Y CAGR
-36.3%
Stock Price (FY-end)↓-84.6% -$21
$4
Market Cap↓-81.8% -$1.63B
$363M
P/E Ratio↓-99.8% -$121
0.29
P/S Ratio↓-91.4% -$16
1.49
P/B Ratio
0.97
P/TB Ratio
5.50
P/OCF Ratio
43.25
P/FCF Ratio
129.74
Enterprise Value↓-88.6% -$2.66B
$341M
EV / EBITDA
17.56
EV / Sales↓-94.6% -$25
1.40
EV / FCF
121.67
FCF Yield↑+5.8pts
0.8%
Dividend Yield↑+2.3pts
3.1%
Shareholder Yield↑+6.2pts
6.6%
Buyback Yield
6.1%
R&D Yield↑+0.8pts
0.9%
Capex Yield↑+1.3pts
1.5%
Dividend Per Share↓-42.8% -$0
$0
DPS YoY Growth↑+3816.4pts
3767.9%
Operating Leverage↑+2907.2% +$2
2.18
Graham Number
$54
Shares Variation (YoY)↓-4.2pts
-1.8%
Beta (5Y)↑+4.4% +$0
1.16
Cost of Equity↑+0.2pts
10.3%
Cost of Debt (after tax)↓-0.7pts
4.0%
WACC↓-5.1pts
2.9%
ROIC - WACC Spread↓-8.3pts
-2.1%
52W High↓-86.5% -$45
$7
52W Low↓-82.7% -$18
$4
Trailing Return 1Y↓-16.8pts
-39.6%
Trailing Return 5Y↓-18.0pts
-88.1%
F-Score (Piotroski)↑+200.0% +$4
6.00
Z-Score (Altman)↑+646.2% +$3
3.15
Earnings Forecasts
Per-quarter consensus estimates + actuals + beat/miss surprise. Sourced from Finnhub (Wall Street consensus aggregation).
Source caveat: Finnhub free tier returns the consensus mean only — analyst high / low / dispersion + analyst counts require a paid plan. A "$5.00 consensus" line above could mean "20 analysts at exactly $5" (high conviction) or "10 at $5.50, 10 at $4.50" (split). Treat single-line consensus accordingly.
EPS — Consensus vs Actual
Revenue — Consensus vs Actual
Stock Price on Earnings Dates
National CineMedia, Inc. — Effective Tax Rate ReconciliationNEW
Bridges from the federal statutory rate (21% post-TCJA) to the effective tax rate via the issuer's tax-note reconciliation lines. Sourced from EffectiveIncomeTaxRateReconciliation* flat CompanyFacts concepts. Conditional lines (R&D credits, FDII, SBC, valuation allowance, etc.) only render when the issuer discloses them. Persistent divergence between accrual tax expense and cash taxes paid is a leading signal for deferred-tax buildup.
Effective Rate Trend
| Reconciliation Line | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2026 |
|---|---|---|---|---|---|---|
| Federal Statutory Rate | 35.00% | 21.00% | 21.00% | 21.00% | 21.00% | 21.00% |
| State & Local Income Taxes | — | — | — | — | 0.40% | 3.70% |
| Foreign Rate Differential | — | — | — | — | — | — |
| Other Adjustments | — | — | — | — | 0.40% | -1.30% |
| Valuation Allowance Change | — | — | 90.00% | 90.00% | 8.10% | 2.48% |
| Effective Tax Rate | — | — | — | — | 0.80% | 0.00% |
Cash vs Accrual
| Item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2026 |
|---|---|---|---|---|---|---|
| Income Tax Expense (Accrual) | $162.2M | — | — | — | $200.0K | — |
| Income Taxes Paid (Cash) | $500.0K | −$100.0K | $100.0K | — | $78.4K | $13.0K |
National CineMedia, Inc. — M&A AcquisitionsNEW
Per-deal acquisition disclosures sourced from us-gaap:BusinessAcquisitionAxis dimensional XBRL. Each card surfaces the deal's purchase-price allocation (goodwill vs intangibles vs liabilities), contingent consideration (unpaid earn-outs), and pro-forma combined-entity numbers. Probability-of-Success (PoS) factor on biotech targets is the ASC 805 contingent-consideration valuation — higher = closer to commercialization, higher implied target value.
National Cine Media LLC
Purchase-Price Allocation
Assets Acquired
$574.7M
Liabilities Assumed
$91.3M
Pro-Forma Combined Entity
Revenue
$259.8M
Net Income
−$200.5M