NCMI · National CineMedia, Inc.
$2.15
+0.01 (+0.23%)
At close · Oct 6
Return incl. dividend (before tax)
Market Cap
$212.60M
Shares
94.07M
Volume · Oct 6
307.3K
Avg daily vol (3M)
1.05M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$2.14
Open$2.11
Day$1.99–2.19
52W close$2.11–4.45
Avg vol 30d1.2M
Short int7.2M · 7.7% float · 10.7d
Short vol47%
Last earningsAug 11, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 11
Up next
Next earnings call
Nov 8, 2026
Est · unconfirmed
· in 5 wks
filed Aug 11, 2026
call held Aug 11, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$248.90M
Trailing 12 months
Net income (TTM)
−$7.70M
Trailing 12 months
Revenue growth YoY
+12.7%
Year over year
Operating margin
-7.1%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
9.3%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-0.3%
Year over year · fewer shares
Price change (1Y)
-51.7%
Trailing year
Short interest
7.7%
Latest settlement · 10.7 days to cover
AI Brief
Q2 FY26 earnings call · Aug 11, 2026
Q2 FY26
TL;DR. NCM posted Q2 revenue up 12.7% to $58.4M with adjusted OIBDA up 200% to $2.1M and announced a transformative $275M acquisition of Captivate, while taking on ~3.9x net leverage at close, pausing its dividend and share repurchase programs, and withdrawing forward guidance.
Bullish
- + Announced transformative $275M acquisition of Captivate, creating a leading premium video and DOOH platform with 48,000+ screens across 185 DMAs
- + Captivate is financially attractive with ~30% adjusted EBITDA margins, only ~$3M annual capex, and 40% revenue / 50%+ EBITDA growth over two years
- + Q2 revenue grew 12.7% YoY to $58.4M and adjusted OIBDA tripled to $2.1M, with attendance up 19.3%
- + Local advertising revenue grew 48.4% YoY to $9.5M with local revenue per attendee up 24%
- + Programmatic revenue grew 45% YoY and SSP relationships now cover 90% of programmatic digital out-of-home market
- + Strong Q3 box office momentum with Spider-Man: Brand New Day achieving the highest domestic opening weekend in box office history
Bearish
- − Incurring $275M of new debt for the Captivate acquisition, driving expected net leverage at close to approximately 3.9x
- − Pausing both the quarterly dividend and share repurchase programs, with free cash flow prioritized for debt repayment
- − Withdrawing forward outlook due to pending Captivate transaction, leaving investors without guidance
- − June film slate composition and FIFA World Cup created near-term advertising yield headwinds, reducing utilization
- − Several mainstream studio releases underperformed expectations during the quarter
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Excellent
Quant / Vol
Very High
Market backdrop
VIX 15.5 · calm
Equity put/call 0.59
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−36%
below
Price vs 50-day avg
−24%
below
RSI (14)
35
neutral
MACD trend
Positive
52-week position
1%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−14%
trailing
6-month return
−38%
trailing
YTD return
−45%
this year
Relative strength
−50%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $3 › 200d $3 — 200d above 50d
Institutional flow
Accumulating
1 of 108 funds reported for Sep 30 · net +152 sh shares · +1 new
Insider flow
Distributing
Net -$460.1K over 90 days · 100% sells
Short interest
Falling
7.69% of float · ▼ -1.0% MoM · 10.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
108 holders — mid 3-yr range
Squeeze score
69
elevated · 0–100
Fundamentals
Revenue growth
+13%
Y/Y
EPS growth
+52%
Y/Y
Free cash flow
$2.8M
Balance sheet
$24.6M
net cash
Quant / Vol
risk profile
Volatility
65%
annualized · 1-yr
Max drawdown
−53%
past year
ATR
6.7%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Aug 11, 2026
Annual run rate cost synergies
· within year one post-close
at least $3.5M
Guided vs delivered
· last 5 settled
Total revenue
second quarter of 2024
guided $49.5M – $51.5M
$54.7M
Beat +8.3%
Total revenue
first quarter of 2024
guided $34.5M – $35.5M
$37.4M
Beat +6.9%
Total revenue
fourth quarter of 2023
guided $85M – $88M
$90.8M
Beat +5.0%
Total revenue
fourth quarter of 2022
guided $85M – $95M
$91.7M
In line
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−36%
Bearish
Price vs 50-day avg
−24%
Bearish
RSI (14)
35
Neutral
MACD trend
Positive
Bullish
52-week position
1%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $3 › 200d $3 — 200d above 50d
Institutional flow
Accumulating
1 of 108 funds reported for Sep 30 · net +152 sh shares · +1 new
Insider flow
Distributing
Net -$460.1K over 90 days · 100% sells
Short interest
Falling
7.69% of float · ▼ -1.0% MoM · 10.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
108 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $2
Now $2 · 1%
Range high $4
vs 200-day avg -36%
vs 50-day avg -24%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted loss per share - diluted non-GAAP | -$0.33 | Six Months Ended July 2, 2026 | — |
| Adjusted OIBDA non-GAAP | -$8.5M | Six Months Ended July 2, 2026 | — |
| Adjusted OIBDA margin non-GAAP | -9.2% | Six Months Ended July 2, 2026 | — |
| Capital Expenditures | $1.1M | Six Months Ended July 2, 2026 | — |
| Local and regional advertising revenue per attendee | $0.06 | Six Months Ended July 2, 2026 | — |
| National advertising revenue per attendee | $0.33 | Six Months Ended July 2, 2026 | — |
| Total advertising revenue (excluding beverage) per attendee | $0.39 | Six Months Ended July 2, 2026 | — |
| Total Attendance for Period | 220.8M | Six Months Ended July 2, 2026 | — |
| Total revenue per attendee | $0.42 | Six Months Ended July 2, 2026 | — |
| Total Screens (100% Digital) at Period End | 18,925 | As of July 2, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Advertising Agencies — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NCMI
this stock
National CineMedia, Inc.
|
$212.60M | -45.0% | +13.3% | — | 7.7% |
|
APP
AppLovin Corp
|
$102.76B | -58.2% | +70.0% | 23.6 | 3.3% |
|
OMC
Omnicom Group Inc.
|
$21.70B | -6.8% | +10.1% | — | 9.1% |
|
TTD
Trade Desk, Inc.
|
$5.92B | -68.4% | +18.5% | 15.0 | 18.8% |
|
WPP
WPP plc
|
$5.61B | +9.4% | — | — | 0.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NCMI | -3.2% | -13.7% | -38.0% | -4.5% | -45.0% |
| SPY | +1.2% | +0.6% | +11.6% | +1.6% | +13.6% |
| vs SPY | -4.4% | -14.3% | -49.5% | -6.1% | -58.6% |
Capital returns
Buyback program
· as of Mar 28, 2024
Authorized
shares -200,000
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.