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Cinemark Shares On Sale With Blockbuster Year, International Growth, And Concession Growth

One of my most dominant themes for 2015 and the next few years is the movie industry. There is a huge blockbuster lineup of films coming to theaters. While I have pointed out companies like Imax Corporation (NYSE:IMAX) and National CineMedia (NASDAQ:NCMI) in the past, today I check in with one of the big three theater exhibitors. Cinemark (NYSE:CNK), number three by number of theaters in the U.S., has seen its shares fall to its lowest levels of the last three months. This comes despite a strong first quarter and a strong remaining slate for the year. A peer comparison between the big three also shows Cinemark undervalued on most growth metrics.

In the first quarter (Earnings Call), worldwide revenue increased 7.2%. Domestic attendance increased to 41.5 million, a first quarter record. International attendance was also a first quarter record at 24 million, an increase of 14.8%. The company's international segment was particularly strong with higher attendance and also a 7.4% higher average ticket price of $4.37. Read more