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AMC at fresh all-time low: Is it a discount, or a free fall?
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It's delusional to think AMC valuation is justifiable via fundamentals

Okay let's make some Cinderella fairytale assumptions that are highly bullish in favor of AMC.

say box office goes to record high of $12B - beating even pre-pandemic level of $11B, and we will also take AMC's best quarter in 103 years as the default performance and margin going forward.

In 2019, box office was at $11.3B. AMC revenue was $5.47B. Net profit was still -149Million. But let's ignore that.

With $11.3B on box office, AMC made $5.47B revenue. That means $12B on box office, AMC would make approximately $5.97B (12b/11b = 1.09 x 5.47b = $5.97B).

We will use use AMC's best quarter in 103 years as the default performance going forward. During that quarter, on revenue of 1.41B, AMC made a profit of $12million dollars. That means with the expected $5.97b revenue /1.41b quarter revenue = 4.23 x 12million in profit = $50Million in annual profits. $AMC Entertainment (AMC.US)$
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