One-glance verdict
Undervalued
$80.26 our estimate vs market $8.35
Wall Street consensus: $9.67 (-88.0% lower than our fair-value estimate)
90% below our estimate, below the bear case
Fundamentals snapshot
AMC Global Media Inc.
AMCX · NMS · Communication Services · Entertainment
Current price
$8.35
52-week range
$6.47 - $12.93
Market cap
$344.44M
Balance sheet
Stretched
1.49x Concerning
Net debt $1.29B. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
3 Risks
1 rewards · 3 risks
- Reward Free cash flow was positive in 10/10 years.
- Risk Operating margin compressed from 18.6% to 3.1% over 3 years.
- Risk Insider ownership is only 6.5% (peer median: 10.8%).
- Risk Return on equity was -1.0% last year — the company lost money on shareholders' equity.
What this company does
AMC Global Media Inc.
AMC Global Media Inc. is a company that creates and shows TV programs and movies, like AMC and IFC channels, and streaming services such as AMC+. Their main income comes from people paying to watch these shows and from ads, and this matters because it shows how well they are doing at attracting viewers and making money from their entertainment.
How the company got here
AMC Global Media Inc. has a long history in the entertainment industry, originally founded in 1980. It has evolved significantly over the decades, adapting to changing media consumption habits. A key turning point was its expansion beyond traditional television programming to embrace streaming services, recognizing the shift in how people watch content. The company officially changed its name from AMC Networks Inc. to AMC Global Media Inc. in April 2026, reflecting its broader scope in the global media landscape.
What it actually does
At its core, AMC Global Media Inc. is in the business of creating and distributing entertainment content. Think of it like a modern-day movie studio and TV network combined, but with a strong focus on digital platforms. They produce shows and movies, license content to others, and offer their own streaming services directly to consumers. They also operate various television channels that broadcast a mix of original and acquired programming.
Domestic Operations
This is the larger part of AMC Global Media's business, focusing on the United States market. It includes a suite of popular cable channels like AMC, BBC America, and IFC, which broadcast a variety of shows and movies. A significant and growing part of this segment involves their streaming services, such as AMC+, Acorn TV, and Shudder, where subscribers pay a monthly fee for access to exclusive content and a library of films and series. They also produce original shows for these platforms and for other companies, and distribute independent films through labels like RLJE Films.
International
This segment of AMC Global Media Inc. focuses on bringing its entertainment offerings to audiences outside the United States. It primarily involves operating a portfolio of television channels in various international markets. While the specific details of its international reach are less prominent than its domestic operations, this segment represents the company's efforts to expand its brand and content globally, reaching a wider audience beyond its home market.
What management is betting on now
AMC Global Media's current strategy heavily emphasizes the growth of its direct-to-consumer streaming services. By investing in original programming and curating diverse content libraries for platforms like AMC+, they aim to attract and retain subscribers in an increasingly competitive streaming landscape. This focus on streaming is a bet on the future of entertainment consumption, moving away from traditional advertising-supported models towards recurring subscription revenue. They are also likely focused on optimizing their content production and distribution to maximize profitability across all their ventures.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$53.94M
FY2024 Q4
$37.59M
FY2025 Q1
$94.19M
FY2025 Q2
$95.74M
FY2025 Q3
$42.00M
FY2025 Q4
$40.45M
FY2026 Q1
$64.81M
FY2026 Q2
$43.27M
Revenue
$547.50M
Net income
$-21.94M
Diluted EPS
-0.51
Operating cash flow
$57.19M
Free cash flow
$43.27M
Fetching…
Sources
Revenue
$542.13M
Net income
$-18.87M
Diluted EPS
-0.43
Operating cash flow
$67.47M
Free cash flow
$64.81M
Fetching…
Sources
Revenue
$594.80M
Net income
$-55.47M
Diluted EPS
-0.97
Operating cash flow
$49.25M
Free cash flow
$40.45M
Fetching…
Sources
Revenue
$561.74M
Net income
$76.53M
Diluted EPS
1.38
Operating cash flow
$44.83M
Free cash flow
$42.00M
Fetching…
Sources
Revenue
$600.02M
Net income
$50.29M
Diluted EPS
0.91
Operating cash flow
$102.79M
Free cash flow
$95.74M
Fetching…
Sources
Revenue
$555.23M
Net income
$18.05M
Diluted EPS
0.34
Operating cash flow
$108.81M
Free cash flow
$94.19M
Fetching…
Sources
Revenue
$599.30M
Net income
$-284.50M
Diluted EPS
-6.23
Operating cash flow
$58.11M
Free cash flow
$37.59M
Fetching…
Sources
Revenue
$599.61M
Net income
$41.38M
Diluted EPS
0.76
Operating cash flow
$62.23M
Free cash flow
$53.94M
Fetching…
Sources
Is it cheap or expensive?
Fair value $80.26 vs current price $8.35
Wall Street consensus is the average analyst price target: $9.67 (-88.0% lower than our fair-value estimate).
Our most-likely fair value is $80.26 a share — about 861.2% above today's price of $8.35, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Stretched
Net debt $1.3B. Interest coverage 1.5x.
Net debt
$1.29B
Interest coverage
1.49x
AMC Global Media Inc.'s profit covers its interest bill about 1.5 times over. which is stronger than every peer shown here and 5 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Stretched
Worse cushion
Baseline
Better cushion
AMCX
BASELINE
AMC Global Media Inc.
Total debt $1.75B Interest coverage 1.49x This is the baseline the peer rows are being compared against.
Total debt — Interest coverage 0.57x -62% vs AMCX Carries about 2.6x less debt cushion than AMCX.
Total debt $5.89B Interest coverage 0.87x -42% vs AMCX Carries about 1.7x less debt cushion than AMCX.
Total debt $44.00M Interest coverage 0.03x -98% vs AMCX Carries about 47.4x less debt cushion than AMCX.
Total debt $3.68M Interest coverage -7.43x -100% vs AMCX This peer has almost no interest-payment cushion compared with AMCX.
Total debt $4.19B Interest coverage 0.39x -74% vs AMCX Carries about 3.8x less debt cushion than AMCX.
What you should know
The case for and against AMCX
1 Reward
3 Risks
Rewards
-
Free cash flow was positive in 10/10 years.
Risks
-
Operating margin compressed from 18.6% to 3.1% over 3 years.
-
Insider ownership is only 6.5% (peer median: 10.8%).
-
Return on equity was -1.0% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
3.17x
P/B
0.38x
P/S
0.15x
EV/EBITDA
6.45x
PEG ratio
0.55x
Profitability
How much profit each dollar creates
Gross margin
48.3%
Operating margin
3.1%
Net margin
-0.9%
ROE
-1.0%
ROA
2.7%
Health
Liquidity and balance-sheet strength
Debt / equity
1.85x
Current ratio
1.76x
Quick ratio
1.58x
Total debt
$1.75B
Total cash
$464.00M
Growth
How the business has been compounding
Revenue TTM
$2.25B
Revenue 5Y CAGR
-6.9%
EPS TTM
-0.53
EPS 5Y CAGR
113.7%
Cash flow
How much cash the business throws off
Operating CF TTM
$218.73M
Free CF TTM
$272.37M
FCF margin
12.1%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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