Reading International, Inc. (RDI) 10-Year Financial Performance & Capital Metrics

RDI • • Industrial / General

Communication ServicesEntertainmentLive Events & Venue OperationsLive Music & Concert Promoters

AboutReading International, Inc., together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas. This segment operates its cinema exhibition businesses under the Reading Cinemas, Angelika Film Center, Consolidated Theatres, State Cinema, Event Cinemas, and Rialto Cinemas brands. The Real Estate segment develops, rents, or licenses retail, commercial, and live theater assets. As of December 31, 2020, the company had interests in 63 cinemas comprising approximately 515 screens; fee interests in two live theaters; fee interest in 44 Union Square property; fee interest in one cinema in Manhattan; fee interests in two cinemas in Australia and three cinemas in New Zealand; fee interest in entertainment-themed centers; fee interest in 2 office buildings; and fee ownership of approximately 8.9 million square feet of developed and undeveloped real estate assets. Reading International, Inc. was incorporated in 1999 and is headquartered in New York, New York.Show more

Revenue $211M -5.5%
EBITDA $3M -61.3%
Net Income -$35M -15.1%
EPS (Diluted) -1.58 -14.5%
Gross Margin 10.41% -12.7%
EBITDA Margin 1.49% -59.1%
Operating Margin -6.67% -23.4%
Net Margin -16.77% -21.8%
ROE -250.31% -292.8%
ROIC -2.59% -30.8%
Debt/Equity -
Interest Coverage -0.66 -7.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 16 (bottom 16%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 5.3% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.89%

5Y-5.32%

3Y14.82%

TTM7.11%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM61.73%

EPS CAGR

10Y-

5Y-

3Y-

TTM61.69%

ROCE

10Y Avg-0.09%

5Y Avg-5.96%

3Y Avg-3.9%

Latest-3.92%

Peer Comparison

Live Music & Concert Promoters

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MSGEMadison Square Garden Entertainment Corp.	2.4B	59.42	77.17	-1.72%	3.65%		3.88%
IMAXIMAX Corporation	1.95B	36.30	75.63	-6.04%	10.48%	9.06%	1.52%	0.74
LYVLive Nation Entertainment, Inc.	33.84B	145.73	53.19	1.89%	3.66%	45.37%	3.1%	4.25
CNKCinemark Holdings, Inc.	2.87B	24.46	11.87	-0.56%	4.91%	39.45%	10.97%	5.73
RDIReading International, Inc.	23.56M	1.12	-0.71	-5.48%	-8.23%	-250.31%
AMCAMC Entertainment Holdings, Inc.	820.71M	1.60	-1.51	-3.64%	-13.16%
RDIBReading International, Inc.	19.29M	11.48	-7.27	-5.48%	-6.54%	-250.31%
SPHRSphere Entertainment Co.	2.74B	96.44	-16.98		-14.68%	-6.97%		0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	257.32M	270.47M	279.73M	309.38M	276.77M	77.86M	139.06M	203.12M	222.74M	210.53M
Revenue Growth %	0.01%	0.05%	0.03%	0.11%	-0.11%	-0.72%	0.79%	0.46%	0.1%	-0.05%
Cost of Goods Sold+	200.96M	207.57M	216.88M	235.69M	219.5M	99.64M	133.01M	187.72M	196.18M	188.62M
COGS % of Revenue	0.78%	0.77%	0.78%	0.76%	0.79%	1.28%	0.96%	0.92%	0.88%	0.9%
Gross Profit+	56.37M	62.91M	62.85M	73.69M	57.27M	-21.78M	6.05M	15.4M	26.56M	21.91M
Gross Margin %	0.22%	0.23%	0.22%	0.24%	0.21%	-0.28%	0.04%	0.08%	0.12%	0.1%
Gross Profit Growth %	-0%	0.12%	-0%	0.17%	-0.22%	-1.38%	1.28%	1.54%	0.72%	-0.18%
Operating Expenses+	33.21M	42.59M	42.29M	49.61M	48.14M	39.53M	47.85M	43.88M	38.59M	35.94M
OpEx % of Revenue	0.13%	0.16%	0.15%	0.16%	0.17%	0.51%	0.34%	0.22%	0.17%	0.17%
Selling, General & Admin	18.65M	26.91M	25.35M	27.34M	25.39M	17M	25.1M	21.42M	20.17M	20.16M
SG&A % of Revenue	0.07%	0.1%	0.09%	0.09%	0.09%	0.22%	0.18%	0.11%	0.09%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-440K	-1.48M	588K	-256K	22.75M	22.53M	22.75M	22.47M	18.42M	15.78M
Operating Income+	23.15M	20.31M	20.56M	24.08M	9.12M	-61.31M	-41.79M	-28.48M	-12.03M	-14.03M
Operating Margin %	0.09%	0.08%	0.07%	0.08%	0.03%	-0.79%	-0.3%	-0.14%	-0.05%	-0.07%
Operating Income Growth %	0.04%	-0.12%	0.01%	0.17%	-0.62%	-7.72%	0.32%	0.32%	0.58%	-0.17%
EBITDA+	37.72M	37.8M	37.5M	47.51M	32.82M	-37.95M	4.36M	-5.92M	8.09M	3.13M
EBITDA Margin %	0.15%	0.14%	0.13%	0.15%	0.12%	-0.49%	0.03%	-0.03%	0.04%	0.01%
EBITDA Growth %	0%	0%	-0.01%	0.27%	-0.31%	-2.16%	1.11%	-2.36%	2.37%	-0.61%
D&A (Non-Cash Add-back)	14.56M	17.49M	16.94M	23.44M	23.7M	23.36M	46.15M	22.56M	20.12M	17.16M
EBIT	34.28M	19.61M	40.69M	24.3M	10.24M	-61.47M	54.45M	-21.45M	-11.18M	-14.26M
Net Interest Income+	-7.3M	-6.78M	-6.19M	-6.84M	-7.9M	-9.35M	-13.69M	-14.39M	-19.42M	-21.15M
Interest Income	1.27M	86K	0	0	0	0	0	0	0	0
Interest Expense	8.57M	6.87M	6.19M	6.84M	7.9M	9.35M	13.69M	14.39M	19.42M	21.15M
Other Income/Expense	4.48M	-6.87M	13.79M	-6.16M	-6.79M	-9.51M	82.55M	-7.36M	-18.56M	-21.38M
Pretax Income+	26.43M	12.44M	33.53M	16.94M	2.33M	-70.82M	40.76M	-35.84M	-30.59M	-35.42M
Pretax Margin %	0.1%	0.05%	0.12%	0.05%	0.01%	-0.91%	0.29%	-0.18%	-0.14%	-0.17%
Income Tax+	4.94M	4.02M	3.34M	3.42M	28.84M	-4.97M	5.94M	819K	590K	481K
Effective Tax Rate %	0.86%	0.76%	0.92%	0.85%	-11.32%	0.92%	0.78%	1.01%	1%	1%
Net Income+	22.77M	9.4M	31M	14.37M	-26.43M	-65.2M	31.92M	-36.18M	-30.67M	-35.3M
Net Margin %	0.09%	0.03%	0.11%	0.05%	-0.1%	-0.84%	0.23%	-0.18%	-0.14%	-0.17%
Net Income Growth %	-0.11%	-0.59%	2.3%	-0.54%	-2.84%	-1.47%	1.49%	-2.13%	0.15%	-0.15%
Net Income (Continuing)	23.03M	9.42M	30.88M	14.17M	-26.5M	-65.86M	34.81M	-36.66M	-31.18M	-35.9M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	4.33M	4.42M	4.33M	4.34M	4.27M	3.4M	986K	423K	-91K	-426K
EPS (Diluted)+	0.97	0.40	1.33	0.62	-1.17	-3.03	1.42	-1.66	-1.38	-1.58
EPS Growth %	-0.1%	-0.59%	2.33%	-0.53%	-2.89%	-1.59%	1.47%	-2.17%	0.17%	-0.14%
EPS (Basic)	0.98	0.40	1.35	0.62	-1.17	-3.03	1.46	-1.66	-1.38	-1.58
Diluted Shares Outstanding	23.5M	23.52M	23.25M	23.21M	22.63M	21.75M	22.41M	22.02M	22.22M	22.4M
Basic Shares Outstanding	23.29M	23.32M	23.04M	22.99M	22.63M	21.75M	21.8M	22.02M	22.22M	22.4M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	36.92M	72.64M	33.48M	30.26M	27M	56.47M	100.31M	47.51M	38.71M	57.04M
Cash & Short-Term Investments	19.75M	19.02M	13.67M	13.13M	12.13M	26.85M	83.25M	35M	12.92M	12.36M
Cash Only	19.7M	19.02M	13.67M	13.13M	12.13M	26.83M	83.25M	34.98M	12.91M	12.35M
Short-Term Investments	51K	0	0	0	0	26K	0	17K	17K	14K
Accounts Receivable	10.04M	8.77M	13.05M	8.04M	7.08M	8.01M	5.36M	6.21M	7.56M	5.28M
Days Sales Outstanding	14.24	11.84	17.03	9.49	9.34	37.55	14.07	11.17	12.39	9.15
Inventory	1.12M	1.39M	1.43M	1.42M	1.67M	1.06M	1.41M	1.62M	1.65M	1.69M
Days Inventory Outstanding	2.04	2.45	2.41	2.2	2.78	3.88	3.86	3.14	3.07	3.26
Other Current Assets	2.72M	39.17M	1.7M	4.05M	1.68M	17.98M	5.37M	1.14M	13.71M	35.07M
Total Non-Current Assets+	338.17M	333.13M	389.55M	408.77M	647.99M	633.7M	587.4M	594.21M	494.34M	413.97M
Property, Plant & Equipment	210.3M	211.89M	264.72M	257.67M	488.02M	573.63M	534.02M	487.37M	443.96M	375.57M
Fixed Asset Turnover	1.22x	1.28x	1.06x	1.20x	0.57x	0.14x	0.26x	0.42x	0.50x	0.56x
Goodwill	19.71M	19.83M	20.28M	19.45M	26.45M	28.12M	26.76M	25.5M	25.54M	23.71M
Intangible Assets	9.89M	10.04M	8.54M	7.37M	4.32M	3.97M	3.26M	2.39M	2.04M	1.8M
Long-Term Investments	6.21M	5.91M	5.3M	5.12M	5.07M	5.86M	4.99M	14.39M	5.59M	3.98M
Other Non-Current Assets	66.41M	56.8M	65.8M	92.93M	120.69M	18.76M	16.14M	9.45M	16.92M	7.96M
Total Assets+	375.09M	405.77M	423.03M	439.03M	674.99M	690.17M	687.7M	641.72M	533.05M	471.01M
Asset Turnover	0.69x	0.67x	0.66x	0.70x	0.41x	0.11x	0.20x	0.32x	0.42x	0.45x
Asset Growth %	-0.07%	0.08%	0.04%	0.04%	0.54%	0.02%	-0%	-0.07%	-0.17%	-0.12%
Total Current Liabilities+	75.44M	65.99M	80.45M	85.53M	111.14M	120.61M	106.98M	121.66M	127.08M	161.63M
Accounts Payable	17.84M	37.01M	47.87M	35.59M	38.15M	41.35M	46.73M	48.27M	49.87M	54.47M
Days Payables Outstanding	32.41	65.08	80.56	55.12	63.44	151.47	128.24	93.85	92.78	105.41
Short-Term Debt	14.89M	567K	8.11M	30.39M	37.38M	42.3M	12.06M	62.02M	35.07M	69.19M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	17.59M	6.01M	2.87M	2.76M	2.98M	3.31M	3.08M	101K	717K	533K
Current Ratio	0.49x	1.10x	0.42x	0.35x	0.24x	0.47x	0.94x	0.39x	0.30x	0.35x
Quick Ratio	0.47x	1.08x	0.40x	0.34x	0.23x	0.46x	0.92x	0.38x	0.29x	0.34x
Cash Conversion Cycle	-16.13	-50.79	-61.12	-43.43	-51.31	-110.04	-110.31	-79.55	-77.32	-93
Total Non-Current Liabilities+	162.46M	193.16M	161.34M	172.95M	424.24M	488.39M	475.66M	456.78M	372.97M	314.18M
Long-Term Debt	114.23M	143.05M	122.42M	132.35M	169.87M	240.5M	221.93M	175.64M	173.78M	132.63M
Capital Lease Obligations	0	0	0	91K	229.18M	218.78M	229.29M	205.94M	180.94M	161.7M
Deferred Tax Liabilities	11.86M	15.55M	12.26M	-52.1M	65.21M	62.34M	64.67M	54.66M	0	0
Other Non-Current Liabilities	41.92M	45.72M	38.91M	40.48M	25.19M	29.12M	24.45M	20.54M	18.25M	19.84M
Total Liabilities	237.9M	259.15M	241.78M	258.48M	535.37M	609M	582.64M	578.44M	500.06M	475.8M
Total Debt+	130.94M	143.61M	130.53M	162.74M	456.9M	524.14M	487.06M	443.6M	418.78M	390.22M
Net Debt	111.24M	124.6M	116.86M	149.61M	444.76M	497.31M	403.8M	408.62M	405.87M	377.87M
Debt / Equity	0.95x	0.98x	0.72x	0.90x	3.27x	6.46x	4.64x	7.01x	12.69x	-
Debt / EBITDA	3.47x	3.80x	3.48x	3.43x	13.92x	-	111.74x	-	51.78x	124.75x
Net Debt / EBITDA	2.95x	3.30x	3.12x	3.15x	13.55x	-	92.64x	-	50.19x	120.80x
Interest Coverage	2.70x	2.96x	3.32x	3.52x	1.15x	-6.55x	-3.05x	-1.98x	-0.62x	-0.66x
Total Equity+	137.2M	146.62M	181.24M	180.55M	139.62M	81.17M	105.06M	63.28M	33M	-4.79M
Equity Growth %	0.04%	0.07%	0.24%	-0%	-0.23%	-0.42%	0.29%	-0.4%	-0.48%	-1.15%
Book Value per Share	5.84	6.23	7.80	7.78	6.17	3.73	4.69	2.87	1.48	-0.21
Total Shareholders' Equity	132.87M	142.2M	176.91M	176.21M	135.35M	77.77M	104.07M	62.86M	33.09M	-4.36M
Common Stock	246K	247K	248K	249K	248K	248K	250K	252K	254K	255K
Retained Earnings	-9.48M	1.68M	32.68M	47.62M	20.65M	-44.55M	-12.63M	-48.82M	-79.49M	-114.79M
Treasury Stock	-13.52M	-16.37M	-22.91M	-25.22M	-39.74M	-40.41M	-40.41M	-40.41M	-40.41M	-40.41M
Accumulated OCI	11.81M	12.07M	20.99M	6.12M	5.59M	12.5M	4.88M	-1.96M	-2.67M	-7.17M
Minority Interest	4.33M	4.42M	4.33M	4.34M	4.27M	3.4M	986K	423K	-91K	-426K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	28.57M	30.19M	23.85M	32.65M	24.61M	-30.2M	-11.41M	-26.35M	-10.6M	-3.83M
Operating CF Margin %	0.11%	0.11%	0.09%	0.11%	0.09%	-0.39%	-0.08%	-0.13%	-0.05%	-0.02%
Operating CF Growth %	0.01%	0.06%	-0.21%	0.37%	-0.25%	-2.23%	0.62%	-1.31%	0.6%	0.64%
Net Income	22.69M	9.42M	31.01M	14.5M	-26.5M	-65.86M	31.92M	-36.66M	-30.67M	-35.9M
Depreciation & Amortization	15.48M	17.49M	18.35M	23.44M	23.7M	23.36M	46.15M	22.56M	37.47M	17.16M
Stock-Based Compensation	1.46M	609K	1M	1.46M	1.46M	1.42M	0	1.89M	0	2.36M
Deferred Taxes	-4.07M	-5.06M	4.07M	-1.72M	23.11M	401K	967K	1.65M	149K	-776K
Other Non-Cash Items	-11.15M	1.03M	-19.16M	-3.22M	20.31M	21.77M	-107.69M	20.31M	-18.59M	-151K
Working Capital Changes	4.16M	6.7M	-11.42M	-1.81M	-17.48M	-11.3M	17.23M	-36.1M	1.05M	13.47M
Change in Receivables	620K	1.3M	-3.09M	2.87M	704K	4.8M	-2.82M	978K	-1.32M	2.1M
Change in Inventory	0	0	0	0	-704K	-4.8M	0	-978K	0	0
Change in Payables	6.48M	2.84M	-3.74M	2.11M	508K	9.33M	11.04M	806K	1.43M	9.79M
Cash from Investing+	-29.71M	-42.86M	-6.79M	-64.86M	-51.93M	-18.77M	129.61M	-9.49M	-2.7M	3.96M
Capital Expenditures	-53.12M	-49.17M	-65.9M	-63.53M	-45.71M	-18.53M	-15.55M	-9.39M	-4.47M	0
CapEx % of Revenue	0.21%	0.18%	0.24%	0.21%	0.17%	0.24%	0.11%	0.05%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	23.18M	6.01M	63.25M	-1.33M	1.66M	-245K	0	-95K	0	4.05M
Cash from Financing+	-27.96M	11.25M	-22.05M	33.21M	26.01M	59.33M	-52.37M	-16.56M	-5.8M	337K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	88K	-3.77M	-65K	-995K	-793K	-335K	-5.32M	-537K	0	-345K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-24.55M	-18.98M	-42.05M	-30.88M	-21.1M	-48.73M	-26.97M	-35.74M	-15.08M	-9.37M
FCF Margin %	-0.1%	-0.07%	-0.15%	-0.1%	-0.08%	-0.63%	-0.19%	-0.18%	-0.07%	-0.04%
FCF Growth %	-2.83%	0.23%	-1.22%	0.27%	0.32%	-1.31%	0.45%	-0.33%	0.58%	0.38%
FCF per Share	-1.04	-0.81	-1.81	-1.33	-0.93	-2.24	-1.20	-1.62	-0.68	-0.42
FCF Conversion (FCF/Net Income)	1.25x	3.21x	0.77x	2.27x	-0.93x	0.46x	-0.36x	0.73x	0.35x	0.11x
Interest Paid	9.02M	5.95M	4.88M	8.04M	10.65M	0	0	13.07M	0	19.49M
Taxes Paid	8.55M	6.61M	9.24M	8.94M	7.04M	0	0	9.39M	0	1.9M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.9%	6.63%	18.91%	7.94%	-16.51%	-59.06%	34.28%	-42.99%	-63.72%	-250.31%
Return on Invested Capital (ROIC)	7.02%	5.86%	5.42%	5.75%	1.5%	-7.91%	-5.77%	-4.36%	-1.98%	-2.59%
Gross Margin	21.91%	23.26%	22.47%	23.82%	20.69%	-27.97%	4.35%	7.58%	11.93%	10.41%
Net Margin	8.85%	3.48%	11.08%	4.64%	-9.55%	-83.74%	22.95%	-17.81%	-13.77%	-16.77%
Debt / Equity	0.95x	0.98x	0.72x	0.90x	3.27x	6.46x	4.64x	7.01x	12.69x	-
Interest Coverage	2.70x	2.96x	3.32x	3.52x	1.15x	-6.55x	-3.05x	-1.98x	-0.62x	-0.66x
FCF Conversion	1.25x	3.21x	0.77x	2.27x	-0.93x	0.46x	-0.36x	0.73x	0.35x	0.11x
Revenue Growth	1.01%	5.11%	3.42%	10.6%	-10.54%	-71.87%	78.6%	46.06%	9.66%	-5.48%

Revenue by Segment

	2012	2013	2014	2018	2019	2020	2021	2022	2023	2024
Cinema	-	-	-	-	-	67.01M	126.81M	191.32M	207.64M	195.13M
Cinema Growth	-	-	-	-	-	-	89.23%	50.87%	8.53%	-6.03%
Real Estate Revenue	-	-	-	15.21M	14.58M	10.85M	12.25M	11.79M	15.1M	15.4M
Real Estate Revenue Growth	-	-	-	-	-4.14%	-25.59%	12.91%	-3.71%	28.06%	1.95%
Cinema Exhibition	-	-	237.86M	-	-	-	-	-	-	-
Cinema Exhibition Growth	-	-	-	-	-	-	-	-	-	-
Real Estate	-	-	24.35M	-	-	-	-	-	-	-
Real Estate Growth	-	-	-	-	-	-	-	-	-	-
Reportables	234.7M	239.42M	-	-	-	-	-	-	-	-
Reportables Growth	-	2.01%	-	-	-	-	-	-	-	-
Real Estate	27.26M	26.46M	-	-	-	-	-	-	-	-
Real Estate Growth	-	-2.94%	-	-	-	-	-	-	-	-
Intersegment Elimination	-7.53M	-7.65M	-	-	-	-	-	-	-	-
Intersegment Elimination Growth	-	-1.65%	-	-	-	-	-	-	-	-

Revenue by Geography

	2012	2013	2014	2018	2019	2020	2021	2022	2023	2024
U	121.5M	131.51M	130.85M	-	-	-	-	-	-	-
U Growth	-	8.24%	-0.51%	-	-	-	-	-	-	-
N	24.61M	26.31M	26.57M	-	-	-	-	-	-	-
N Growth	-	6.92%	1.00%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Reading International, Inc. (RDI) reported $211.3M in revenue for fiscal year 2024. This represents a 14% decrease from $245.8M in 2011.

Reading International, Inc. (RDI) saw revenue decline by 5.5% over the past year.

Reading International, Inc. (RDI) reported a net loss of $17.4M for fiscal year 2024.

Dividend & Returns

Reading International, Inc. (RDI) has a return on equity (ROE) of -250.3%. Negative ROE indicates the company is unprofitable.

Reading International, Inc. (RDI) generated $1.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Reading International, Inc. (RDI) 10-Year Financial Performance & Capital Metrics

RDI • • Industrial / General

Communication ServicesEntertainmentLive Events & Venue OperationsLive Music & Concert Promoters

Revenue $211M -5.5%
EBITDA $3M -61.3%
Net Income -$35M -15.1%
EPS (Diluted) -1.58 -14.5%
Gross Margin 10.41% -12.7%
EBITDA Margin 1.49% -59.1%
Operating Margin -6.67% -23.4%
Net Margin -16.77% -21.8%
ROE -250.31% -292.8%
ROIC -2.59% -30.8%
Debt/Equity -
Interest Coverage -0.66 -7.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 16 (bottom 16%)
✗Low quality earnings: Net income not backed by cash flow
✗Sales declining 5.3% over 5 years
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-1.89%

5Y-5.32%

3Y14.82%

TTM7.11%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM61.73%

EPS CAGR

10Y-

5Y-

3Y-

TTM61.69%

ROCE

10Y Avg-0.09%

5Y Avg-5.96%

3Y Avg-3.9%

Latest-3.92%

Peer Comparison

Live Music & Concert Promoters

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MSGEMadison Square Garden Entertainment Corp.	2.4B	59.42	77.17	-1.72%	3.65%		3.88%
IMAXIMAX Corporation	1.95B	36.30	75.63	-6.04%	10.48%	9.06%	1.52%	0.74
LYVLive Nation Entertainment, Inc.	33.84B	145.73	53.19	1.89%	3.66%	45.37%	3.1%	4.25
CNKCinemark Holdings, Inc.	2.87B	24.46	11.87	-0.56%	4.91%	39.45%	10.97%	5.73
RDIReading International, Inc.	23.56M	1.12	-0.71	-5.48%	-8.23%	-250.31%
AMCAMC Entertainment Holdings, Inc.	820.71M	1.60	-1.51	-3.64%	-13.16%
RDIBReading International, Inc.	19.29M	11.48	-7.27	-5.48%	-6.54%	-250.31%
SPHRSphere Entertainment Co.	2.74B	96.44	-16.98		-14.68%	-6.97%		0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	257.32M	270.47M	279.73M	309.38M	276.77M	77.86M	139.06M	203.12M	222.74M	210.53M
Revenue Growth %	0.01%	0.05%	0.03%	0.11%	-0.11%	-0.72%	0.79%	0.46%	0.1%	-0.05%
Cost of Goods Sold+	200.96M	207.57M	216.88M	235.69M	219.5M	99.64M	133.01M	187.72M	196.18M	188.62M
COGS % of Revenue	0.78%	0.77%	0.78%	0.76%	0.79%	1.28%	0.96%	0.92%	0.88%	0.9%
Gross Profit+	56.37M	62.91M	62.85M	73.69M	57.27M	-21.78M	6.05M	15.4M	26.56M	21.91M
Gross Margin %	0.22%	0.23%	0.22%	0.24%	0.21%	-0.28%	0.04%	0.08%	0.12%	0.1%
Gross Profit Growth %	-0%	0.12%	-0%	0.17%	-0.22%	-1.38%	1.28%	1.54%	0.72%	-0.18%
Operating Expenses+	33.21M	42.59M	42.29M	49.61M	48.14M	39.53M	47.85M	43.88M	38.59M	35.94M
OpEx % of Revenue	0.13%	0.16%	0.15%	0.16%	0.17%	0.51%	0.34%	0.22%	0.17%	0.17%
Selling, General & Admin	18.65M	26.91M	25.35M	27.34M	25.39M	17M	25.1M	21.42M	20.17M	20.16M
SG&A % of Revenue	0.07%	0.1%	0.09%	0.09%	0.09%	0.22%	0.18%	0.11%	0.09%	0.1%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-440K	-1.48M	588K	-256K	22.75M	22.53M	22.75M	22.47M	18.42M	15.78M
Operating Income+	23.15M	20.31M	20.56M	24.08M	9.12M	-61.31M	-41.79M	-28.48M	-12.03M	-14.03M
Operating Margin %	0.09%	0.08%	0.07%	0.08%	0.03%	-0.79%	-0.3%	-0.14%	-0.05%	-0.07%
Operating Income Growth %	0.04%	-0.12%	0.01%	0.17%	-0.62%	-7.72%	0.32%	0.32%	0.58%	-0.17%
EBITDA+	37.72M	37.8M	37.5M	47.51M	32.82M	-37.95M	4.36M	-5.92M	8.09M	3.13M
EBITDA Margin %	0.15%	0.14%	0.13%	0.15%	0.12%	-0.49%	0.03%	-0.03%	0.04%	0.01%
EBITDA Growth %	0%	0%	-0.01%	0.27%	-0.31%	-2.16%	1.11%	-2.36%	2.37%	-0.61%
D&A (Non-Cash Add-back)	14.56M	17.49M	16.94M	23.44M	23.7M	23.36M	46.15M	22.56M	20.12M	17.16M
EBIT	34.28M	19.61M	40.69M	24.3M	10.24M	-61.47M	54.45M	-21.45M	-11.18M	-14.26M
Net Interest Income+	-7.3M	-6.78M	-6.19M	-6.84M	-7.9M	-9.35M	-13.69M	-14.39M	-19.42M	-21.15M
Interest Income	1.27M	86K	0	0	0	0	0	0	0	0
Interest Expense	8.57M	6.87M	6.19M	6.84M	7.9M	9.35M	13.69M	14.39M	19.42M	21.15M
Other Income/Expense	4.48M	-6.87M	13.79M	-6.16M	-6.79M	-9.51M	82.55M	-7.36M	-18.56M	-21.38M
Pretax Income+	26.43M	12.44M	33.53M	16.94M	2.33M	-70.82M	40.76M	-35.84M	-30.59M	-35.42M
Pretax Margin %	0.1%	0.05%	0.12%	0.05%	0.01%	-0.91%	0.29%	-0.18%	-0.14%	-0.17%
Income Tax+	4.94M	4.02M	3.34M	3.42M	28.84M	-4.97M	5.94M	819K	590K	481K
Effective Tax Rate %	0.86%	0.76%	0.92%	0.85%	-11.32%	0.92%	0.78%	1.01%	1%	1%
Net Income+	22.77M	9.4M	31M	14.37M	-26.43M	-65.2M	31.92M	-36.18M	-30.67M	-35.3M
Net Margin %	0.09%	0.03%	0.11%	0.05%	-0.1%	-0.84%	0.23%	-0.18%	-0.14%	-0.17%
Net Income Growth %	-0.11%	-0.59%	2.3%	-0.54%	-2.84%	-1.47%	1.49%	-2.13%	0.15%	-0.15%
Net Income (Continuing)	23.03M	9.42M	30.88M	14.17M	-26.5M	-65.86M	34.81M	-36.66M	-31.18M	-35.9M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	4.33M	4.42M	4.33M	4.34M	4.27M	3.4M	986K	423K	-91K	-426K
EPS (Diluted)+	0.97	0.40	1.33	0.62	-1.17	-3.03	1.42	-1.66	-1.38	-1.58
EPS Growth %	-0.1%	-0.59%	2.33%	-0.53%	-2.89%	-1.59%	1.47%	-2.17%	0.17%	-0.14%
EPS (Basic)	0.98	0.40	1.35	0.62	-1.17	-3.03	1.46	-1.66	-1.38	-1.58
Diluted Shares Outstanding	23.5M	23.52M	23.25M	23.21M	22.63M	21.75M	22.41M	22.02M	22.22M	22.4M
Basic Shares Outstanding	23.29M	23.32M	23.04M	22.99M	22.63M	21.75M	21.8M	22.02M	22.22M	22.4M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	36.92M	72.64M	33.48M	30.26M	27M	56.47M	100.31M	47.51M	38.71M	57.04M
Cash & Short-Term Investments	19.75M	19.02M	13.67M	13.13M	12.13M	26.85M	83.25M	35M	12.92M	12.36M
Cash Only	19.7M	19.02M	13.67M	13.13M	12.13M	26.83M	83.25M	34.98M	12.91M	12.35M
Short-Term Investments	51K	0	0	0	0	26K	0	17K	17K	14K
Accounts Receivable	10.04M	8.77M	13.05M	8.04M	7.08M	8.01M	5.36M	6.21M	7.56M	5.28M
Days Sales Outstanding	14.24	11.84	17.03	9.49	9.34	37.55	14.07	11.17	12.39	9.15
Inventory	1.12M	1.39M	1.43M	1.42M	1.67M	1.06M	1.41M	1.62M	1.65M	1.69M
Days Inventory Outstanding	2.04	2.45	2.41	2.2	2.78	3.88	3.86	3.14	3.07	3.26
Other Current Assets	2.72M	39.17M	1.7M	4.05M	1.68M	17.98M	5.37M	1.14M	13.71M	35.07M
Total Non-Current Assets+	338.17M	333.13M	389.55M	408.77M	647.99M	633.7M	587.4M	594.21M	494.34M	413.97M
Property, Plant & Equipment	210.3M	211.89M	264.72M	257.67M	488.02M	573.63M	534.02M	487.37M	443.96M	375.57M
Fixed Asset Turnover	1.22x	1.28x	1.06x	1.20x	0.57x	0.14x	0.26x	0.42x	0.50x	0.56x
Goodwill	19.71M	19.83M	20.28M	19.45M	26.45M	28.12M	26.76M	25.5M	25.54M	23.71M
Intangible Assets	9.89M	10.04M	8.54M	7.37M	4.32M	3.97M	3.26M	2.39M	2.04M	1.8M
Long-Term Investments	6.21M	5.91M	5.3M	5.12M	5.07M	5.86M	4.99M	14.39M	5.59M	3.98M
Other Non-Current Assets	66.41M	56.8M	65.8M	92.93M	120.69M	18.76M	16.14M	9.45M	16.92M	7.96M
Total Assets+	375.09M	405.77M	423.03M	439.03M	674.99M	690.17M	687.7M	641.72M	533.05M	471.01M
Asset Turnover	0.69x	0.67x	0.66x	0.70x	0.41x	0.11x	0.20x	0.32x	0.42x	0.45x
Asset Growth %	-0.07%	0.08%	0.04%	0.04%	0.54%	0.02%	-0%	-0.07%	-0.17%	-0.12%
Total Current Liabilities+	75.44M	65.99M	80.45M	85.53M	111.14M	120.61M	106.98M	121.66M	127.08M	161.63M
Accounts Payable	17.84M	37.01M	47.87M	35.59M	38.15M	41.35M	46.73M	48.27M	49.87M	54.47M
Days Payables Outstanding	32.41	65.08	80.56	55.12	63.44	151.47	128.24	93.85	92.78	105.41
Short-Term Debt	14.89M	567K	8.11M	30.39M	37.38M	42.3M	12.06M	62.02M	35.07M	69.19M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	17.59M	6.01M	2.87M	2.76M	2.98M	3.31M	3.08M	101K	717K	533K
Current Ratio	0.49x	1.10x	0.42x	0.35x	0.24x	0.47x	0.94x	0.39x	0.30x	0.35x
Quick Ratio	0.47x	1.08x	0.40x	0.34x	0.23x	0.46x	0.92x	0.38x	0.29x	0.34x
Cash Conversion Cycle	-16.13	-50.79	-61.12	-43.43	-51.31	-110.04	-110.31	-79.55	-77.32	-93
Total Non-Current Liabilities+	162.46M	193.16M	161.34M	172.95M	424.24M	488.39M	475.66M	456.78M	372.97M	314.18M
Long-Term Debt	114.23M	143.05M	122.42M	132.35M	169.87M	240.5M	221.93M	175.64M	173.78M	132.63M
Capital Lease Obligations	0	0	0	91K	229.18M	218.78M	229.29M	205.94M	180.94M	161.7M
Deferred Tax Liabilities	11.86M	15.55M	12.26M	-52.1M	65.21M	62.34M	64.67M	54.66M	0	0
Other Non-Current Liabilities	41.92M	45.72M	38.91M	40.48M	25.19M	29.12M	24.45M	20.54M	18.25M	19.84M
Total Liabilities	237.9M	259.15M	241.78M	258.48M	535.37M	609M	582.64M	578.44M	500.06M	475.8M
Total Debt+	130.94M	143.61M	130.53M	162.74M	456.9M	524.14M	487.06M	443.6M	418.78M	390.22M
Net Debt	111.24M	124.6M	116.86M	149.61M	444.76M	497.31M	403.8M	408.62M	405.87M	377.87M
Debt / Equity	0.95x	0.98x	0.72x	0.90x	3.27x	6.46x	4.64x	7.01x	12.69x	-
Debt / EBITDA	3.47x	3.80x	3.48x	3.43x	13.92x	-	111.74x	-	51.78x	124.75x
Net Debt / EBITDA	2.95x	3.30x	3.12x	3.15x	13.55x	-	92.64x	-	50.19x	120.80x
Interest Coverage	2.70x	2.96x	3.32x	3.52x	1.15x	-6.55x	-3.05x	-1.98x	-0.62x	-0.66x
Total Equity+	137.2M	146.62M	181.24M	180.55M	139.62M	81.17M	105.06M	63.28M	33M	-4.79M
Equity Growth %	0.04%	0.07%	0.24%	-0%	-0.23%	-0.42%	0.29%	-0.4%	-0.48%	-1.15%
Book Value per Share	5.84	6.23	7.80	7.78	6.17	3.73	4.69	2.87	1.48	-0.21
Total Shareholders' Equity	132.87M	142.2M	176.91M	176.21M	135.35M	77.77M	104.07M	62.86M	33.09M	-4.36M
Common Stock	246K	247K	248K	249K	248K	248K	250K	252K	254K	255K
Retained Earnings	-9.48M	1.68M	32.68M	47.62M	20.65M	-44.55M	-12.63M	-48.82M	-79.49M	-114.79M
Treasury Stock	-13.52M	-16.37M	-22.91M	-25.22M	-39.74M	-40.41M	-40.41M	-40.41M	-40.41M	-40.41M
Accumulated OCI	11.81M	12.07M	20.99M	6.12M	5.59M	12.5M	4.88M	-1.96M	-2.67M	-7.17M
Minority Interest	4.33M	4.42M	4.33M	4.34M	4.27M	3.4M	986K	423K	-91K	-426K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	28.57M	30.19M	23.85M	32.65M	24.61M	-30.2M	-11.41M	-26.35M	-10.6M	-3.83M
Operating CF Margin %	0.11%	0.11%	0.09%	0.11%	0.09%	-0.39%	-0.08%	-0.13%	-0.05%	-0.02%
Operating CF Growth %	0.01%	0.06%	-0.21%	0.37%	-0.25%	-2.23%	0.62%	-1.31%	0.6%	0.64%
Net Income	22.69M	9.42M	31.01M	14.5M	-26.5M	-65.86M	31.92M	-36.66M	-30.67M	-35.9M
Depreciation & Amortization	15.48M	17.49M	18.35M	23.44M	23.7M	23.36M	46.15M	22.56M	37.47M	17.16M
Stock-Based Compensation	1.46M	609K	1M	1.46M	1.46M	1.42M	0	1.89M	0	2.36M
Deferred Taxes	-4.07M	-5.06M	4.07M	-1.72M	23.11M	401K	967K	1.65M	149K	-776K
Other Non-Cash Items	-11.15M	1.03M	-19.16M	-3.22M	20.31M	21.77M	-107.69M	20.31M	-18.59M	-151K
Working Capital Changes	4.16M	6.7M	-11.42M	-1.81M	-17.48M	-11.3M	17.23M	-36.1M	1.05M	13.47M
Change in Receivables	620K	1.3M	-3.09M	2.87M	704K	4.8M	-2.82M	978K	-1.32M	2.1M
Change in Inventory	0	0	0	0	-704K	-4.8M	0	-978K	0	0
Change in Payables	6.48M	2.84M	-3.74M	2.11M	508K	9.33M	11.04M	806K	1.43M	9.79M
Cash from Investing+	-29.71M	-42.86M	-6.79M	-64.86M	-51.93M	-18.77M	129.61M	-9.49M	-2.7M	3.96M
Capital Expenditures	-53.12M	-49.17M	-65.9M	-63.53M	-45.71M	-18.53M	-15.55M	-9.39M	-4.47M	0
CapEx % of Revenue	0.21%	0.18%	0.24%	0.21%	0.17%	0.24%	0.11%	0.05%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	23.18M	6.01M	63.25M	-1.33M	1.66M	-245K	0	-95K	0	4.05M
Cash from Financing+	-27.96M	11.25M	-22.05M	33.21M	26.01M	59.33M	-52.37M	-16.56M	-5.8M	337K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	88K	-3.77M	-65K	-995K	-793K	-335K	-5.32M	-537K	0	-345K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-24.55M	-18.98M	-42.05M	-30.88M	-21.1M	-48.73M	-26.97M	-35.74M	-15.08M	-9.37M
FCF Margin %	-0.1%	-0.07%	-0.15%	-0.1%	-0.08%	-0.63%	-0.19%	-0.18%	-0.07%	-0.04%
FCF Growth %	-2.83%	0.23%	-1.22%	0.27%	0.32%	-1.31%	0.45%	-0.33%	0.58%	0.38%
FCF per Share	-1.04	-0.81	-1.81	-1.33	-0.93	-2.24	-1.20	-1.62	-0.68	-0.42
FCF Conversion (FCF/Net Income)	1.25x	3.21x	0.77x	2.27x	-0.93x	0.46x	-0.36x	0.73x	0.35x	0.11x
Interest Paid	9.02M	5.95M	4.88M	8.04M	10.65M	0	0	13.07M	0	19.49M
Taxes Paid	8.55M	6.61M	9.24M	8.94M	7.04M	0	0	9.39M	0	1.9M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.9%	6.63%	18.91%	7.94%	-16.51%	-59.06%	34.28%	-42.99%	-63.72%	-250.31%
Return on Invested Capital (ROIC)	7.02%	5.86%	5.42%	5.75%	1.5%	-7.91%	-5.77%	-4.36%	-1.98%	-2.59%
Gross Margin	21.91%	23.26%	22.47%	23.82%	20.69%	-27.97%	4.35%	7.58%	11.93%	10.41%
Net Margin	8.85%	3.48%	11.08%	4.64%	-9.55%	-83.74%	22.95%	-17.81%	-13.77%	-16.77%
Debt / Equity	0.95x	0.98x	0.72x	0.90x	3.27x	6.46x	4.64x	7.01x	12.69x	-
Interest Coverage	2.70x	2.96x	3.32x	3.52x	1.15x	-6.55x	-3.05x	-1.98x	-0.62x	-0.66x
FCF Conversion	1.25x	3.21x	0.77x	2.27x	-0.93x	0.46x	-0.36x	0.73x	0.35x	0.11x
Revenue Growth	1.01%	5.11%	3.42%	10.6%	-10.54%	-71.87%	78.6%	46.06%	9.66%	-5.48%

Revenue by Segment

	2012	2013	2014	2018	2019	2020	2021	2022	2023	2024
Cinema	-	-	-	-	-	67.01M	126.81M	191.32M	207.64M	195.13M
Cinema Growth	-	-	-	-	-	-	89.23%	50.87%	8.53%	-6.03%
Real Estate Revenue	-	-	-	15.21M	14.58M	10.85M	12.25M	11.79M	15.1M	15.4M
Real Estate Revenue Growth	-	-	-	-	-4.14%	-25.59%	12.91%	-3.71%	28.06%	1.95%
Cinema Exhibition	-	-	237.86M	-	-	-	-	-	-	-
Cinema Exhibition Growth	-	-	-	-	-	-	-	-	-	-
Real Estate	-	-	24.35M	-	-	-	-	-	-	-
Real Estate Growth	-	-	-	-	-	-	-	-	-	-
Reportables	234.7M	239.42M	-	-	-	-	-	-	-	-
Reportables Growth	-	2.01%	-	-	-	-	-	-	-	-
Real Estate	27.26M	26.46M	-	-	-	-	-	-	-	-
Real Estate Growth	-	-2.94%	-	-	-	-	-	-	-	-
Intersegment Elimination	-7.53M	-7.65M	-	-	-	-	-	-	-	-
Intersegment Elimination Growth	-	-1.65%	-	-	-	-	-	-	-	-

Revenue by Geography

	2012	2013	2014	2018	2019	2020	2021	2022	2023	2024
U	121.5M	131.51M	130.85M	-	-	-	-	-	-	-
U Growth	-	8.24%	-0.51%	-	-	-	-	-	-	-
N	24.61M	26.31M	26.57M	-	-	-	-	-	-	-
N Growth	-	6.92%	1.00%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Reading International, Inc. (RDI) reported $211.3M in revenue for fiscal year 2024. This represents a 14% decrease from $245.8M in 2011.

Reading International, Inc. (RDI) saw revenue decline by 5.5% over the past year.

Reading International, Inc. (RDI) reported a net loss of $17.4M for fiscal year 2024.

Dividend & Returns

Reading International, Inc. (RDI) has a return on equity (ROE) of -250.3%. Negative ROE indicates the company is unprofitable.

Reading International, Inc. (RDI) generated $1.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.