WallStSmart

Imax Corp (IMAX)vsSpotify Technology SA (SPOT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Spotify Technology SA generates 4253% more annual revenue ($18.11B vs $416.08M). SPOT leads profitability with a 18.4% profit margin vs 9.8%. IMAX appears more attractively valued with a PEG of 0.89. SPOT earns a higher WallStSmart Score of 66/100 (B-).

IMAX

Buy

63

out of 100

Grade: C+

Growth: 8.0Profit: 6.5Value: 4.0Quality: 6.0
Piotroski: 4/9Altman Z: 1.08

SPOT

Strong Buy

66

out of 100

Grade: B-

Growth: 8.0Profit: 8.0Value: 4.7Quality: 8.0
Piotroski: 4/9Altman Z: 2.66
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

IMAXSignificantly Overvalued (-29.2%)

Margin of Safety

-29.2%

Fair Value

$28.25

Current Price

$53.59

$25.34 premium

UndervaluedFair: $28.25Overvalued
SPOTSignificantly Overvalued (-58.1%)

Margin of Safety

-58.1%

Fair Value

$308.12

Current Price

$501.30

$193.18 premium

UndervaluedFair: $308.12Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IMAX3 strengths · Avg: 8.0/10
PEG RatioValuation
0.898/10

Growing faster than its price suggests

Operating MarginProfitability
22.5%8/10

Strong operational efficiency at 22.5%

EPS GrowthGrowth
35.0%8/10

Earnings expanding 35.0% YoY

SPOT4 strengths · Avg: 9.8/10
Return on EquityProfitability
39.8%10/10

Every $100 of equity generates 40 in profit

EPS GrowthGrowth
222.4%10/10

Earnings expanding 222.4% YoY

Debt/EquityHealth
0.0610/10

Conservative balance sheet, low leverage

Market CapQuality
$104.73B9/10

Large-cap with strong market position

Areas to Watch

IMAX3 concerns · Avg: 2.7/10
Price/BookValuation
8.3x4/10

Trading at 8.3x book value

P/E RatioValuation
71.7x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.082/10

Distress zone — elevated risk

SPOT2 concerns · Avg: 4.0/10
P/E RatioValuation
27.9x4/10

Moderate valuation

Price/BookValuation
10.5x4/10

Trading at 10.5x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : IMAX

The strongest argument for IMAX centers on PEG Ratio, Operating Margin, EPS Growth. Revenue growth of 12.2% demonstrates continued momentum. PEG of 0.89 suggests the stock is reasonably priced for its growth.

Bull Case : SPOT

The strongest argument for SPOT centers on Return on Equity, EPS Growth, Debt/Equity. Profitability is solid with margins at 18.4% and operating margin at 13.7%. Revenue growth of 13.9% demonstrates continued momentum.

Bear Case : IMAX

The primary concerns for IMAX are Price/Book, P/E Ratio, Altman Z-Score. A P/E of 71.7x leaves little room for execution misses.

Bear Case : SPOT

The primary concerns for SPOT are P/E Ratio, Price/Book.

Key Dynamics to Monitor

IMAX profiles as a value stock while SPOT is a mature play — different risk/reward profiles.

SPOT carries more volatility with a beta of 1.59 — expect wider price swings.

SPOT is growing revenue faster at 13.9% — sustainability is the question.

SPOT generates stronger free cash flow (796M), providing more financial flexibility.

Bottom Line

SPOT scores higher overall (66/100 vs 63/100), backed by strong 18.4% margins and 13.9% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Imax Corp

COMMUNICATION SERVICES · ENTERTAINMENT · USA

IMAX Corporation, is a worldwide entertainment technology company. The company is headquartered in Mississauga, Canada.

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Spotify Technology SA

COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION · USA

Spotify Technology SA, provides audio streaming services worldwide. The company is headquartered in Luxembourg, Luxembourg.

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