National CineMedia, Inc. (NCMI)

Services-Advertising

Latest Price

$1.84

TTM P/E

Normalized P/E

0.66

TTM Div Yield

6.52%

Fwd Div Yield

6.52%

Book Value

3.55

P/B Ratio

0.52

Valuation metrics

Base FCF: $29M (median of recent 5yr)

Growth: -15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$1.55

16% downside

87.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Blantyre Capital Ltd	27.14M	$103.0M	28.88%	--	2026-06-30
Hotchkis & Wiley Capital Management LLC	9.45M	$35.0M	10.05%	+1.55M	2026-06-30
Orbis Allan Gray Ltd	9.31M	$35.0M	9.91%	+175.9K	2026-06-30
BlackRock, Inc.	5.77M	$21.0M	6.14%	+422.6K	2026-06-30
Vanguard Capital Management LLC	3.22M	$12.0M	3.43%	-7.0K	2026-06-30
Wellington Management Group LLP	3.22M	$12.0M	3.43%	+445.0K	2026-06-30
Geode Capital Management, LLC	2.12M	$8.0M	2.25%	+95.5K	2026-06-30
Luxor Capital Group, LP	1.96M	$7.0M	2.09%	+139.9K	2026-06-30
Dimensional Fund Advisors LP	1.88M	$7.0M	2.00%	-117.3K	2026-06-30
JPMorgan Chase & Co	1.81M	$6.0M	1.92%	+520	2026-06-30