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Carmike Cinemas (Carmike Cinemas) Intrinsic Value: Projected FCF : $0.00 (As of Apr. 25, 2024)


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What is Carmike Cinemas Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-25), Carmike Cinemas's Intrinsic Value: Projected FCF is $0.00. The stock price of Carmike Cinemas is $33.40. Therefore, Carmike Cinemas's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Carmike Cinemas's Intrinsic Value: Projected FCF or its related term are showing as below:

CKEC's Price-to-Projected-FCF is not ranked *
in the Media - Diversified industry.
Industry Median: 0.88
* Ranked among companies with meaningful Price-to-Projected-FCF only.

Carmike Cinemas Intrinsic Value: Projected FCF Historical Data

The historical data trend for Carmike Cinemas's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Carmike Cinemas Intrinsic Value: Projected FCF Chart

Carmike Cinemas Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.31 21.50 22.57 18.49 18.30

Carmike Cinemas Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.12 18.30 18.24 18.78 18.50

Competitive Comparison of Carmike Cinemas's Intrinsic Value: Projected FCF

For the Broadcasting subindustry, Carmike Cinemas's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Carmike Cinemas's Price-to-Projected-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Carmike Cinemas's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Carmike Cinemas's Price-to-Projected-FCF falls into.



Carmike Cinemas Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Carmike Cinemas's Free Cash Flow(6 year avg) = $20.84.

Carmike Cinemas's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Sep16)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*20.84336+289.061*0.8)/24.600
=17.47

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Carmike Cinemas  (NAS:CKEC) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Carmike Cinemas's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=33.40/17.466866489482
=1.91

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Carmike Cinemas Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Carmike Cinemas's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Carmike Cinemas (Carmike Cinemas) Business Description

Traded in Other Exchanges
N/A
Address
Carmike Cinemas Inc was organized in the state of Delaware in April 1982. The Company is a motion picture exhibitor in the United States and as of December 31, 2013, it owned, operated or had an interest in 252 theatres with 2,660 screens located in 37 states. The Company target small to mid-size non-urban markets with the belief that they provide a number of operating benefits, including lower operating costs and fewer alternative forms of entertainment. Its theatres are equipped to provide digital cinema and as of December 31, 2013, it had 240 theatres with 2,552 screens on a digital-based platform. In addition, Company had 233 theatres with 983 screens equipped for 3-D as of December 31, 2013. At December 31, 2013, it operated 15 theatres with 107 screens as discount theatres. The Company obtains licenses to exhibit films by directly negotiating with film distributors. It license films through its booking office located in Columbus, Georgia. The Company typically enters into film licenses that provide for rental fees based on firm terms which are negotiated and established prior to the opening of the picture; mutually agreed settlement upon the conclusion of the film run; or a sliding scale formula which is based on a percentage of the box office receipts using a pre-determined and agreed-upon film rental scale. The Company utilizes a point-of-sale system in its theatres developed by Allure Global Solutions, Inc., its point-of-sale system allows to centralize theatre-level administrative functions at its corporate headquarters. It allows corporate management to monitor ticket and concession sales and box office and concession staffing on a daily basis, enabling theatre managers to focus on the day-to-day operation of the theatre. The point-of-sale systems also facilitate services such as advanced ticket sales and Internet ticket sales. The Company owns or has rights to trademarks or trade-names that are used in conjunction with the operations of its theatres. It owns Carmike Cinemas and Hollywood Connection, the Carmike C and its film strip design, Big D, Carmike Rewards, Ovation Club, Muvico, MuviXL, and Wynnsong Cinemas trademarks. In addition, its logo is its trademark. Coca-Cola, Rave Reviews Cinemas, L.L.C., Cinemark USA, Inc., Christie, RealD, Screenvision, Showtime Concession Supply, Inc., Continental Concession Supplies, Inc., Allure Global Solutions, Inc. Bogarts and IMAX are registered trademarks. The Company competes with other motion picture exhibitors and a number of other film delivery methods, including DVDs, video-on-demand, pay-per view services and downloads via the Internet. It also competes for the publics leisure time and disposable income with all forms of entertainment, including sporting events, concerts, live theatre and restaurants. The Companys theatre operations are also subject to federal, state and local laws governing such matters as construction, renovation and operation of its theatres as well
Executives
Sean T Erwin director 8540 GANDER CREEK DRIVE DAYTON OH 45342
A Dale Mayo officer: Pres., Alternative Programming 250 EAST BROAD STREET, WESTFIELD NJ 07090
Roland Smith director 2951 28TH STREET, SANTA MONICA CA 90405
Richard B Hare officer: SVP-Finance, Treasurer and CFO CARMIKE CINEMAS INC, 1301 FIRST AVENUE, COLUMBUS GA 31901
Daniel E Ellis officer: SVP, General Counsel & Sec
James A Fleming director 1170 PEACHTREE STREET NE, SUITE 600, ATLANTA GA 30309
Alan J Hirschfield director 3490 CLUBHOUSE DR 1-2, WILSON WY 83014
Bigfoot Ventures Ltd. 10 percent owner 22/F BIGFOOT CENTRE, 38 YIU WA ST., CAUSEWAY BAY, HONG KONG K3 NONE
Meridee Moore other: See Remarks
James J Gaffney director 10551 WILSHIRE BLVD, LOS ANGELES CA 90024
Kenneth A Pontarelli director 85 BROAD ST, NEW YORK NY 10004
Martin A Durant officer: SVP-Finance, Treasurer & CFO 1932 WYNNTON ROAD, COLUMBUS GA 31999
Richard A Friedman other: Former Director C/O GOLDMAN, SACHS & CO., 200 WEST STREET, NEW YORK NY 10282
Jordan John W Ii director 875 NORTH MICHIGAN AVENUE, SUITE 4020, CHICAGO IL 60611
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282

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