National CineMedia, Inc. (NCMI) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does National CineMedia, Inc. Do?
National CineMedia, Inc., through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies. The company is also engaged in the sale of online and mobile advertising through its Noovie Audience Accelerator product, as well as a suite of Noovie digital properties, such as Noovie Shuffle, Noovie Trivia, Name That Movie, and Noovie Arcade to reach entertainment audiences beyond the theater. It offers its services to third-party theater circuits under long-term network affiliate agreements. The company was incorporated in 2006 and is headquartered in Centennial, Colorado. National CineMedia, Inc. (NCMI) is classified as a micro-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO Thomas F. Lesinski and employs approximately 350 people, headquartered in CENTENNIAL, Colorado. With a market capitalization of $282M, NCMI is one of the notable companies in the Industrials sector.
National CineMedia, Inc. (NCMI) Stock Rating — Reduce (April 2026)
As of April 2026, National CineMedia, Inc. receives a Reduce rating with a composite score of 32.2/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.NCMI ranks #3,450 out of 4,446 stocks in our coverage universe. Within the Industrials sector, National CineMedia, Inc. ranks #595 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
NCMI Stock Price and 52-Week Range
National CineMedia, Inc. (NCMI) currently trades at $3.30. The stock lost $0.10 (2.9%) in the most recent trading session. The 52-week high for NCMI is $6.18, which means the stock is currently trading -46.6% from its annual peak. The 52-week low is $3.17, putting the stock 4.1% above its annual trough. Recent trading volume was 200K shares, suggesting relatively thin trading activity.
Is NCMI Overvalued or Undervalued? — Valuation Analysis
National CineMedia, Inc. (NCMI) carries a value factor score of 25/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 168.00x, compared to the Industrials sector average of 28.33x — a premium of 493%. The price-to-book ratio stands at 0.81x, versus the sector average of 2.23x. The price-to-sales ratio is 1.32x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, NCMI trades at 10.38x EV/EBITDA, versus 5.70x for the sector.
At current multiples, National CineMedia, Inc. trades at a premium to most Industrials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.
National CineMedia, Inc. Profitability — ROE, Margins, and Quality Score
National CineMedia, Inc. (NCMI) earns a quality factor score of 31/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -4.9%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -3.7% versus the sector average of 3.3%.
On a margin basis, National CineMedia, Inc. reports gross margins of 94.4%, compared to 35.8% for the sector. The operating margin is -13.0% (sector: 6.2%). Net profit margin stands at -9.1%, versus 3.9% for the average Industrials stock. Revenue growth is running at 81.7% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
NCMI Debt, Balance Sheet, and Financial Health
National CineMedia, Inc. has a debt-to-equity ratio of 31.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 2.22x, indicating strong short-term liquidity.
NCMI has a beta of 0.81, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for National CineMedia, Inc. is 58/100, reflecting average volatility within the normal range for its sector.
National CineMedia, Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, National CineMedia, Inc. reported revenue of $230M. Net income for the quarter was $-18M. Gross margin was 94.4%. Operating income came in at $-28M.
In FY 2026, National CineMedia, Inc. reported revenue of N/A.
In Q3 2025, National CineMedia, Inc. reported revenue of $63M and earnings per share (EPS) of $0.02. Net income for the quarter was $2M. Gross margin was 95.0%. Operating income came in at $-2M.
In Q3 2026, National CineMedia, Inc. reported revenue of $63M and earnings per share (EPS) of $0.02. Net income for the quarter was $2M. Gross margin was 95.0%. Revenue grew 0.0% year-over-year compared to Q3 2025. Operating income came in at $-2M.
Over the past 8 quarters, National CineMedia, Inc. has demonstrated a growth trajectory, with revenue expanding from $35M to $230M. Investors analyzing NCMI stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
NCMI Dividend Yield and Income Analysis
National CineMedia, Inc. (NCMI) currently pays a dividend yield of 1.9%. At this yield, a $10,000 investment in NCMI stock would generate approximately $$194.00 in annual dividend income.
NCMI Momentum and Technical Analysis Profile
National CineMedia, Inc. (NCMI) has a momentum factor score of 19/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 22/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 64/100 reflects moderate short selling activity.
NCMI vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, National CineMedia, Inc. (NCMI) ranks #595 out of 752 stocks based on the Blank Capital composite score. This places NCMI in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing NCMI against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full NCMI vs S&P 500 (SPY) comparison to assess how National CineMedia, Inc. stacks up against the broader market across all factor dimensions.
NCMI Next Earnings Date
No upcoming earnings date has been announced for National CineMedia, Inc. (NCMI) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy NCMI? — Investment Thesis Summary
The quantitative profile for National CineMedia, Inc. suggests caution. The quality score of 31/100 flags below-average profitability. The value score of 25/100 indicates premium valuation. Momentum is weak at 19/100, a headwind for near-term performance.
In summary, National CineMedia, Inc. (NCMI) earns a Reduce rating with a composite score of 32.2/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on NCMI stock.
Related Resources for NCMI Investors
Explore more research and tools: NCMI vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare NCMI head-to-head with peers: NCMI vs SOBO, NCMI vs TEN, NCMI vs GLDD.