2 models fit AMC Networks Inc. Class A Common Stock and they disagree: 0 of 2 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)Gold89
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, and Graham number.
ACCE opinionAMC Networks Inc. Class A Common Stock (AMCX)
Fair value (2 models)
$23.70
ACCE price target
$10.00
Rating
Undervalued
Horizon
12 months
Fair value published on 19 Oct 2026, 17:05 CEST; previously $22.01 since 15 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 17:05 CEST.
Price used: $9.18 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
61.3% below
+158.2% to fair value
ACCE score
55
out of 100
Analysts
0% buy
8 covering
1-year return
+20.3%
Dividend yield
0.00%
AMC Networks Inc. Class A Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
AMC Networks runs cable channels such as AMC, IFC, Sundance TV and the BBC America feed, alongside the streaming service AMC+ and a film and TV studio business. The bull case rests on a business that still earns a 48.3% gross margin and a 3.1% operating margin while trading at a forward P/E of 3.8, which prices in a steep decline in earnings. Revenue fell 8.8% over the last period and ROE is -1.0%, so the core question is whether linear cable cash flows and licensing can fund the streaming build without further erosion. With a market capitalization near $446M and no index membership, the name sits in a segment where forced selling and under-coverage can keep the discount wide for longer than the fundamentals alone would suggest. The score of 64/100 places it as a turnaround candidate rather than a compounder, and it merits a deeper look at debt maturities, subscriber trends in AMC+, and how much of the forward earnings estimate depends on one-off studio revenue.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Leverage against thin equity
Debt/Equity of 1.89 with ROE at -1.0% and net margin at -0.9%. Equity is a thin cushion under the debt load, so small operating slips hit shareholders directly.
high
Shrinking top line
Revenue fell 8.8% year over year and 8.9% quarter over quarter, with a 5-year revenue CAGR of -3.9%. The earnings jump of 82.2% does not change that the business is contracting.
moderate
Heavy short interest
Short interest stands at 19.5%. Bears are betting on further decline, and that can cut both ways if the stock moves on any positive news.
moderate
Score down sharply in 90 days
The ACCE score dropped 11 points from 72 to 61 over 90 days, with the Quality sub-score at 34 and Growth at 43. The deterioration is recent and visible.
AI research notes
AI-assisted·How I use AIWritten Oct 19, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
At a 3.8x forward P/E against a sector median of 16.8x, the stock is priced far below its peers.
Free cash flow over the last twelve months reached $272M, and the implied yield on the share price is very high at 65.1%.
Why it could disappoint
Revenue fell 8.8% year over year, and the five-year average has been a decline of 3.9% per year.
Debt is 1.89 times equity, and the diluted share count rose 12.3% in the last fiscal year, diluting existing holders.
Zero of eight analysts rate the stock Buy or Strong Buy, and the analyst mean target of $9.67 sits 4.8% below the price.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 6, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
PRO
Ask ACCE
Valuation
INVESTOR
Where AMCX's valuation models land
Price
$9.18
Model fair value
$23.70
Model range
$18.31 to $29.09
Fair value $23.70
Price $9.18
The price is below the whole model range.
Model
Fair value
Upside
Discounted cash flow
Graham number
P/E comparison
Create a free account: 5 full stock pages a month, no card.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores