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NCMINational CineMedia, Inc.
$1.58$148M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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NCMI logo

National CineMedia, Inc.

NCMI
NASDAQ · Advertising & Marketing Agencies
$1.58
At close - Nov 6, 4:00 PM EST - USD
Market Cap$148M
P/E-19.5x
52W High$4.34
Volume819.2K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Seasonal Ad Revenue Peaks Mask Persistent Operating Losses

National CineMedia's revenue swings between $34.0M and $93.2M per quarter, with fourth-quarter peaks driving the only consistently profitable periods, while SG&A has stayed fixed near $20.4M to $23.6M per quarter and operating losses appeared in six of ten quarters.

GrowthMixed
ProfitabilityWeak
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

NCMI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

-192% Peers

P/E is 192% below peer median

03

Market leadership

RS 12 · Lag

Laggard (Underperforming 88% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 10

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NCMI-57.29%
S&P 500 (^GSPC)+7.63%
1-Year Return
NCMI-59.66%
S&P 500 (^GSPC)+9.69%
3-Year Return
NCMI-57.07%
S&P 500 (^GSPC)+66.36%
5-Year Return
NCMI-91.36%
S&P 500 (^GSPC)+55.76%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-19.5x
Forward P/E
N/A
EV/EBITDA0th %ile
4.9x
FCF YieldCash Flow
14.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-19.5x
0.3x
0th· Low
EV/EBITDA
4.9x
26.0x
0th· Low
Price/FCF
6.9x
130.8x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$243M+1.0% YoY
Net income FY25
-$11M+52.5% YoY
Free cash flow FY25
$3M-94.9% YoY
Operating margin FY25
-5.7%+2.4 pts YoY
ROIC (FY25)-2.9%
Avg ROIC 5Y-3.6%
ROE (TTM)-2.1%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 11, 2026
-$0.10-17.6%
vs -$0.09
$58M-1.6%
vs $59M
Q2 2026
May 12, 2026
-$0.31-19.2%
vs -$0.26
$34M+3.3%
vs $33M
Q1 2026
Feb 26, 2026
$0.28+12.0%
vs $0.25
$93M+2.5%
vs $91M
Q4 2025
Oct 30, 2025
$0.02+156.6%
vs -$0.03
$63M-31.3%
vs $92M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·Oct 21, 2026
National CineMedia Strengthens Cinema Advertising Network With 12 New and Renewed Exhibitor Agreements, Reaching More Than 680 Screens Nationwide

NEW YORK--(BUSINESS WIRE)--National CineMedia (NASDAQ:NCMI) (NCM), the leading premium video and digital out-of-home advertising platform in the U.S., today announced two new exhibitor partners, The Cinemas by Blue Fox Entertainment (The Cinemas) and THE LOT, and 10 renewed exhibitor agreements. Together, these agreements reach more than 680 screens in over 80 theaters, further strengthening NCM's position as the nation's largest cinema advertising network, including Spotlight Cinema Networks (.

Defense World·Oct 3, 2026
National CineMedia, Inc. (NASDAQ:NCMI) Stock Has Consensus Target Price of $4.81

Shares of National CineMedia, Inc. (NASDAQ: NCMI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year

Defense World·Sep 30, 2026
Critical Analysis: National CineMedia (NASDAQ:NCMI) versus Grupo Televisa (NYSE:TV)

Grupo Televisa (NYSE: TV - Get Free Report) and National CineMedia (NASDAQ: NCMI - Get Free Report) are both small-cap communication services companies, but which is the superior investment? We will contrast the two companies based on the strength of their earnings, dividends, valuation, profitability, risk, analyst recommendations and institutional ownership. Volatility and Risk Grupo Televisa has

Business Wire·Sep 21, 2026
National CineMedia, Inc. Completes Acquisition of Captivate

CENTENNIAL, Colo.--(BUSINESS WIRE)--National CineMedia, Inc. (NASDAQ: NCMI) (“NCM”), the largest cinema advertising platform in the U.S., announced that on September 18, 2026 it completed its previously announced acquisition of Captivate Holdings, LLC (“Captivate”), the leading operator of office and residential digital video advertising in North America, for an enterprise value of $275.0 million. “The acquisition of Captivate is a key step in advancing NCM's strategy to build a broader premium.

Filtered for National CineMedia, Inc.More Headlines
04

Compare before deciding

Benchmark NCMI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for National CineMedia, Inc. (NCMI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NCMI logoNCMINational CineMedia, Inc.Current
$1.58$148.17M-19.481%-3.05%-2.11%7.66%
OUT logoOUTOutfront Media Inc.
$30.79$5.42B21.180.04%13.06%35.93%4.04%
LAMR logoLAMRLamar Advertising Company
$155.99$15.83B27.522.68%24.36%56.94%4.14%
VALU logoVALUValue Line, Inc.
$42.37$397.74M20.06-4.65%60.27%18.43%3.07%
OMC logoOMCOmnicom Group Inc.
$86.37$23.7B33.6910.09%2.85%6.42%3.11%
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.37$177.42M8.1755.25%58.87%6.24%23.45%

Compare NCMI vs Peers

National CineMedia, Inc. (NCMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs OUT

Most directly comparable listed peer for NCMI.

Scale Benchmark

vs DIS

Larger-name benchmark to compare NCMI against a more recognizable public peer.

Peer Set

Compare Top 5

vs OUT, LAMR, VALU, OMC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

NCMI SEC Filings & Documents

National CineMedia, Inc. (NCMI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 11, 2026·SEC

Material company update

Aug 11, 2026·SEC

Material company update

May 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 6, 2025·SEC

FY 2024

Mar 18, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 11, 2026·SEC

FY 2026

May 12, 2026·SEC

FY 2025

Oct 30, 2025·SEC

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NCMI Frequently Asked Questions

National CineMedia, Inc. (NCMI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is National CineMedia, Inc.'s revenue?

National CineMedia, Inc. (NCMI) reported $249.0M in revenue over the trailing twelve months. Revenue was $243.2M in fiscal year 2025. That is 11% more than the $219.3M of fiscal year 2006.

How fast is National CineMedia, Inc. growing?

National CineMedia, Inc. (NCMI) grew revenue by 5.8% over the trailing twelve months, compared with the twelve months before.

Is NCMI profitable?

No. National CineMedia, Inc. (NCMI) reported a net loss of $7.6M over the trailing twelve months.

Dividend & Returns
Does NCMI pay dividends?

Yes. National CineMedia, Inc. (NCMI) pays a dividend that yields 7.66% at the current price, a high yield.

What is NCMI's return on equity?

National CineMedia, Inc. (NCMI) had a return on equity (ROE) of -2.1% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is National CineMedia, Inc.'s free cash flow?

National CineMedia, Inc. (NCMI) generated $21.6M in free cash flow over the trailing twelve months.

What if you invested $1,000 in NCMI back in 2006?

Total return calculator · dividends reinvested · 20+ years of data

See returns →