Cinemark Holdings Inc

CNK

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Consumer Cyclicals
United States of America
Mid cap

Cinemark Holdings Inc is not Shariah Compliant because of its involvement in Movie Theaters & Movie Products and related activities.

1.67%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Mid cap
BUY
$26.78
$16.00
$31.00
10
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-22.08%
10.95%
6.12%
1.26
1.29
68.42%

Shariah Compliance

  • Updated on September 12, 2024
Debt
70.38%
✗
Non-Compliant Assets
0.00%
Impure Income
1.67%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
100%
✗
Impure Income
1.67%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
100%
✗
Impure Income
1.67%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
49.28%
✗
Cash
16.48%
✓
Cash & AR
18.42%
✓
Impure Income
1.67%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
49.28%
✗
Cash
16.48%
✓
Cash & AR
18.42%
✓
Impure Income
1.67%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
1.67%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Cinemark Holdings, Inc., is engaged in the motion picture exhibition business. The Company operates through two segments: United States markets and international markets. It operates 501 theatres and 5,719 screens in the United States, and Latin America. The Company’s United States circuit operated 309 theatres and 4,324 screens and its Latin America circuit operated 192 theatres and 1,395 screens across 13 countries. It also plays mainstream films from many different genres, such as animated films, family films, dramas, comedies, horror, and action films. The Company offers various alternative entertainment content for its guests, which includes concert, sporting, and gaming events, as well as art, independent, faith-based, and multicultural foreign language films. In addition, it provides the functionality and technological infrastructure to live-stream events via satellite network across its portfolio of theatres in the United States and Latin America.

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