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Cinemark Holdings, Inc. (CNK)

NYSE - NYSE Delayed price. Currency in USD
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15.02+0.12 (+0.81%)
At close: 04:00PM EDT
15.00 -0.02 (-0.13%)
After hours: 07:47PM EDT
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  • V
    Val
    CNK due for at least a double from here.
  • M
    Mike
    Don't worry, stewed tomatoes called the low.
    Everything must be fine, right?
    What is a slow growing stock losing money or MAYBE earing 0.40 per year worth? 0.40*15 PE = $6.
  • M
    Mike
    Did you happen to notice there are A LOT of stocks out there with PEs UNDER 12 and a DIVIDEND?
    CNK losing money. They can't offer a dividend.
    Not sure why a VALuless poster keeps suggesting bankruptcy for CNK.

    Good luck.
    This post was for Movie who said he missed me.
  • M
    Mike
    Some people said drive in movie theaters would be the rage forever.
    Little did they know.
    Though I did see a drive in movie theater showing TWO current movies(top gun and something else) for $10
    Not bad. Two new releases for $10.
    Think my local cinema charges more than that to see ONE movie!
  • M
    Mike
    So the pumper dumpers are calling for CNK to double.
    Note they said the same thing in 2020 and 2021. They also said CNK would be profitable in 2020/2021.
    WHY does CNK,with MORE debt now, deserve to be higher than it was in 2017 or 2018, much better years for movies?
  • M
    Movie
    We were talking about $2B Q2 the other day and it seems like we might be able to close Q2 with $2.3B. :)
  • S
    Sara
    We’ve got 5 movies that could gross more than $20m (domestic) this weekend. I’m hoping that Elvis and The Black Phone get there. Has anyone read any early reviews for Thor? We really need Thor to stop the bleeding.
  • P
    Pikanya
    Important thing is that currw tly theater business is still under pressure due to diff factors: lack of new movies, streaming competition, some people still remember covid etc.
    But i guess tgere is more upside to the box office now than downside. Just remember recent oil.price history. Than oil was around 20-40 it seemed it wiil.be this way forever. But a year later and we not onky moved to comfortable 80, but are around 120 now.
    Same thing will probably happen to the box office.
    Still my hot take is this - but at 14, sell at 17. One could do it at least 4 times since january.and this gives 80%.
    I myself is not good enough at following my own advice, and mostly bought with an average of 15, and sold with an average of 16.5.
    But you know maybe good idea also to keep 25%of your cnk until.20.at least. To help dealjng with fomo.
    For me at this point fair price should be around 20-24.
  • P
    Pikanya
    Unteresting that 2q2022 alreay has almost same.box office as 4q2021. Its 2030 mln vs 2070 mln. With 10 days remaining should close above 2200 mln at least. This bot counting increase in overseas markets, should.give quarterly ebitda above 140 mln (4q2021), or annual 560 mln.
    Which gives less than 9 ev ebitda.
  • M
    Movie
    Lightyear underperforming more than expected; tough competition against Jurassic and Maverick. Tom Cruise ceases to surprise with another strong weekend. Seems like we will break the $2B domestic milestone this long weekend.
  • S
    Sara
    We just had another incredible weekend. Jurassic World overcame bad reviews to beat estimates with $143m. Maverick had a remarkably solid third weekend with $50m. Next up is Lightyear. Early reviews have been very positive. Including Dr. Strange, we’re looking at 4 massive 2Q hits. Add 2nd tier movies like Morbius, Sonic 2, Fantastic Beasts and The Bad Guys and we’re looking at a Q2 that should surpass consensus EPS of .30. Not to mention we’ve got Elvis and The Black Phone arriving on 6/24….
  • M
    Movie
    No one really talks about the exceptional average $revenue$ per movie in a quarter when they talk about rebounding moviegoers which I think is highly important.

    Q2 Data:
    YEAR TOTAL MOVIES $ PER MOVIE TOP TITLE DOMESTIC GROSS
    2022 $2,037,822,368 152 $13,406,726 Top Gun: Maverick $466,167,545
    2021 $811,047,828 152 $5,335,840 A Quiet Place Part II $139,269,168
    2020 $4,771,823 30 $159,060 The Wretched $1,641,880
    2019 $3,261,470,276 368 $8,862,690 Avengers: Endgame $841,889,897
    2018 $3,347,067,715 370 $9,046,128 Avengers: Infinity War $672,137,234

    Q1 Data:
    YEAR TOTAL MOVIES $ PER MOVIE TOP TITLE DOMESTIC GROSS
    2022 $1,333,437,207 130 $10,257,209 The Batman $338,200,421
    2021 $236,724,645 110 $2,152,042 Tom & Jerry $37,900,149
    2020 $1,789,195,274 246 $7,273,151 Bad Boys for Life $204,417,855
    2019 $2,400,025,631 302 $7,947,104 Captain Marvel $353,970,079
    2018 $2,859,883,139 321 $8,909,293 Black Panther $647,827,473

    Of course this data alone doesn't tell the whole picture, but as you can see for the current and past quarters, the average revenue per movie is much higher than the pre-covid range of average $8-9M per movie. I think 2022 would be on par or even exceeding the pre-covid total revenue if the studios released as much movies as they used to which was about 300+ movies/quarter due to the strong pent up demand of movie consumers.

    Another takeaway from the above data is that good movies will draw people to the theaters; it's more about the quality of the movies than the quantity of film releases. Even with less than half the number of usual releases per quarter, 2022 Q1 and Q2 revenue is trending closer to the pre-covid revenue levels.

    Very bullish in the face of recession where movie theaters tend to thrive. Just wish I had sold at 17 and bought back at the 14 level, but I didn't want to take the chance of trying to time the market and missing the eventual rise. Thoughts? :D
  • M
    Movie
    Mike awfully quiet after the price reversed from red this morning.
  • M
    Mike
    Can't wait to watch Fantastic Beasts: The Secrets of Dumbledore for FREE!
    Didn't have time to watch in theater.
    Nice to see in my home with no popcorn chompers or tons of time wasting previews.
  • s
    stewie
    I wish I had cash on the sidelines
  • M
    Movie
    Change of topic: Who thinks we will hit cumulative $2B Q2 box office this weekend? Currently $1,813,675,541 counting Monday's sales. That means we have Tuesday-Sunday to make $187M.

    Let's see some votes. :D
    I am optimistic it might hit the milestone with Lightyear + Top Gun + Jurassic firing on all cylinders.
  • V
    Val
    Nice reversal. If the 10yr can get back below 3% that would be great. We need the russell to rally. This inflation depression narrative is way overblown. Only Mike and Jeremy that complain about $10 movie tickets because they are jobless bridge dwellers are in trouble. No signs of a depression here in Texas.
    Cinemark’s recovery is just starting. Come on Q2 earnings.
  • S
    Sara
    Ok. If the market is expecting a 75 BP increase, what happens if we get a 50 BP increase? Will stocks pop?
  • V
    Val
    Hedge funds trying to get more cheap shares. Yawn, I’ll hold. Earnings still predicted positive from here on out. This stock is undervalued, at some point it will be fairly valued at least double from this price.
  • s
    stewie
    Time to start sending the share price up. If this isn’t above $25 by the next earnings i’m oit