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5.99 (1y: +8%)
Market Cap 139.81 M P/E(ttm)
Enterprise Value 290.09 M P/B 1.10
RDI- NAS (USA)
Reading International, Inc.
  • Currently 3/5
Business Predictability Rank: 3-Star (On Watch)
Back Testing Results:
Average gain of all 3-Star stocks: 8.2% per year.
% of Stocks that are in still loss if held for 10yrs: 11%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$5.99
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.237
RDI's Cash to Debt is ranked lower than
72% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 1.78 vs. RDI: 0.237 )
RDI' s 10-Year Cash to Debt Range
Min: 0.08   Max: 2.25
Current: 0.24
0.08
2.25
Equity to Asset 0.206
RDI's Equity to Asset is ranked lower than
74% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 0.46 vs. RDI: 0.206 )
RDI' s 10-Year Equity to Asset Range
Min: 0.02   Max: 0.71
Current: 0.21
0.02
0.71
Interest Coverage 1.2
RDI's Interest Coverage is ranked lower than
76% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 33.40 vs. RDI: 1.2 )
RDI' s 10-Year Interest Coverage Range
Min: 0   Max: No Debt
Current: 1.2
F-Score: 4
Z-Score: 0.49
M-Score: -2.28
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 7.50
RDI's Operating margin (%) is ranked lower than
52% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 8.60 vs. RDI: 7.50 )
RDI' s 10-Year Operating margin (%) Range
Min: -14.3   Max: 27.9
Current: 7.5
-14.3
27.9
Net-margin (%) -0.4
RDI's Net-margin (%) is ranked lower than
61% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 4.30 vs. RDI: -0.4 )
RDI' s 10-Year Net-margin (%) Range
Min: -48   Max: 240.1
Current: -0.4
-48
240.1
ROE (%) -0.7
RDI's ROE (%) is ranked lower than
60% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 5.20 vs. RDI: -0.7 )
RDI' s 10-Year ROE (%) Range
Min: -28.2   Max: 28.3
Current: -0.7
-28.2
28.3
ROA (%) -0.2
RDI's ROA (%) is ranked lower than
62% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 3.20 vs. RDI: -0.2 )
RDI' s 10-Year ROA (%) Range
Min: -5.5   Max: 20.1
Current: -0.2
-5.5
20.1
ROC (Joel Greenblatt) (%) 7.40
RDI's ROC (Joel Greenblatt) (%) is ranked lower than
56% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 12.00 vs. RDI: 7.40 )
RDI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -7.2   Max: 12.6
Current: 7.4
-7.2
12.6
Revenue Growth (%) 3.8
RDI's Revenue Growth (%) is ranked higher than
90% of the 343 Companies
in the Global Leisure industry.

( Industry Median: -0.45 vs. RDI: 3.8 )
RDI' s 10-Year Revenue Growth (%) Range
Min: 2.2   Max: 61
Current: 3.8
2.2
61
EBITDA Growth (%) 4.7
RDI's EBITDA Growth (%) is ranked higher than
95% of the 343 Companies
in the Global Leisure industry.

( Industry Median: -0.60 vs. RDI: 4.7 )
RDI' s 10-Year EBITDA Growth (%) Range
Min: -15.1   Max: 30.4
Current: 4.7
-15.1
30.4
» RDI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

RDI Guru Trades in Q2 2012

Jim Simons 122,517 sh (+123.57%)
Mario Gabelli 15,000 sh (unchged)
» More
Q3 2012

RDI Guru Trades in Q3 2012

Whitney Tilson 39,235 sh (New)
Ron Baron 202,074 sh (New)
Jim Simons 213,761 sh (+74.47%)
Mario Gabelli 15,000 sh (unchged)
» More
Q4 2012

RDI Guru Trades in Q4 2012

Ron Baron 234,624 sh (+16.11%)
Whitney Tilson 40,235 sh (+2.55%)
Mario Gabelli 15,000 sh (unchged)
Jim Simons 191,676 sh (-10.33%)
» More
Q1 2013

RDI Guru Trades in Q1 2013

Jim Simons 206,866 sh (+7.92%)
Mario Gabelli 15,000 sh (unchged)
Whitney Tilson 40,235 sh (unchged)
Ron Baron Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with RDI

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2013-03-31 Sold Out 0.01%$5.42 - $6.08 $ 5.994%0
Ron Baron 2012-09-30 New Buy0.01%$4.73 - $6.58 $ 5.997%202074
Mario Gabelli 2011-03-31 Reduce -88.93%$4.8601 - $5.16 $ 5.9920%14000
Mario Gabelli 2010-09-30 Add 954.17%$3.87 - $4.73 $ 5.9938%126500
Mario Gabelli 2010-06-30 Reduce -84.31%$3.71 - $4.45 $ 5.9948%12000
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/B 1.10
RDI's P/B is ranked higher than
70% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 1.58 vs. RDI: 1.10 )
RDI' s 10-Year P/B Range
Min: 0.17   Max: 2.07
Current: 1.1
0.17
2.07
P/S 0.55
RDI's P/S is ranked higher than
77% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 1.18 vs. RDI: 0.55 )
RDI' s 10-Year P/S Range
Min: 0.34   Max: 9.85
Current: 0.55
0.34
9.85
PFCF 7.05
RDI's PFCF is ranked higher than
71% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 17.69 vs. RDI: 7.05 )
RDI' s 10-Year PFCF Range
Min: 4.59   Max: 293.33
Current: 7.05
4.59
293.33
EV-to-EBIT 17.19
RDI's EV-to-EBIT is ranked higher than
81% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 17.60 vs. RDI: 17.19 )
RDI' s 10-Year EV-to-EBIT Range
Min: 13   Max: 327.9
Current: 17.19
13
327.9

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 1.6
RDI's Price/Tangible Book is ranked higher than
71% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 2.00 vs. RDI: 1.6 )
RDI' s 10-Year Price/Tangible Book Range
Min: 0.2   Max: 15.2
Current: 1.6
0.2
15.2
Price/DCF (Projected) 3.3
RDI's Price/DCF (Projected) is ranked higher than
99% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 1.10 vs. RDI: 3.3 )
RDI' s 10-Year Price/DCF (Projected) Range
Min: 2.9   Max: 3.3
Current: 3.3
2.9
3.3
Price/Median PS Value 0.4
RDI's Price/Median PS Value is ranked higher than
58% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 0.90 vs. RDI: 0.4 )
RDI' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 2.2
Current: 0.4
0.3
2.2
Earnings Yield (Greenblatt) 5.80
RDI's Earnings Yield (Greenblatt) is ranked lower than
77% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 5.60 vs. RDI: 5.80 )
RDI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 7.7
Current: 5.8
0.3
7.7
Forward Rate of Return (Yacktman) 9.64
RDI's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 343 Companies
in the Global Leisure industry.

( Industry Median: 3.26 vs. RDI: 9.64 )
RDI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.7   Max: 37
Current: 9.64
-2.7
37

Business Description

Reading International, Inc., a Nevada Corporation was incorporated in 1999 incident to its reincorporation in Nevada. It is an internationally diversified company mainly focused on the development, ownership and operation of entertainment and real property assets in the United States, Australia, and New Zealand. Currently, it operates in two business segments: Cinema Exhibition, through its 58 multiplex theatres, and Real Estate, including real estate development and the rental of retail, commercial and live theatre assets. The Company conducts its cinema operations on four basic and rather simple premises: first, notwithstanding the enormous advances that have been made in home entertainment technology, humans are essentially social beings, and would continue to want to go beyond the home for their entertainment, provided that the they are offered clean, comfortable and convenient facilities, with state of the art technology; second, cinemas could be used as anchors for larger retail developments and its involvement in the cinema business could give it an advantage over other real estate developers or redevelopers who must identify and negotiate exclusively with third party anchor tenants; third, pure cinema operators could get themselves into financial difficulty as demands upon them to produce cinema based earnings growth tempt them into reinvesting their cash flow into increasingly marginal cinema sites; and fourth, it is never afraid to convert an entertainment property to another use, if there is a higher and better use of its property, or to sell individual assets, if it is presented with an attractive opportunity. It focuses on the ownership and operation of three categories of cinemas: first, modern stadium seating multiplex cinemas featuring conventional film product; second, specialty and art cinemas, such as its Angelika Film Centers in Manhattan and Dallas and the Rialto cinema chain in New Zealand; and third, in some markets, particularly small town markets that would not support the development of a modern stadium design multiplex cinema, conventional sloped floor cinemas. It also offers premium class seating and amenities in certain of its cinemas and is in the process of converting certain of its exiting cinemas to provide this premium offering. Show times and features are placed in advertisements in local newspapers and on its various websites. The Company's real estate activities have historically consisted mainly of: the ownership of fee or long term leasehold interests in properties used in its cinema exhibition activities or which were acquired for the development of cinemas or cinema based real estate development projects; the acquisition of fee interests for general real estate development; the leasing to shows of its live theatres; and the redevelopment of existing cinema sites to their highest and best use. The Company operates in a competitive environment. It faces competition from other sources of ente
Company Website
SEC Reports
Industry: Leisure
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A Deeper Look Into Reading International (RDI) Feb 24 2011 

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