Summary
- IMAX's high-single-digit forward EV/EBITDA multiple and mid-teens forward P/E multiple are attractive, and the company has the capacity now to buy back over a quarter of its own shares.
- The acquisition of streaming technology business SSIMWAVE is part of IMAX's revenue diversification initiatives, which should reduce disruption-related risks for the company.
- I maintain a Buy investment rating for IMAX, as I have a positive view of its recent buyback program expansion and acquisition.
For further details see:
IMAX Corporation: Watch Recent Buyback Program Expansion And Acquisition