NCMI Market Cap Incorrect on Yahoo's end (not CapIQ issue)
CapIQ, which feeds financial data to Yahoo Finance, directed me to you to address an issue with the market cap that is currently being calculated for National CineMedia (Nasdaq: NCMI). Yahoo Finance is currently listing NCMI’s market cap as ~$530MM, which is roughly half of the actual implied market cap of the company. Believe this is because Yahoo Finance isn’t including NCMI’s Membership Units in the total share count anymore, so the market cap calculation is getting skewed and misrepresenting the size of NCMI as half of the size it should be. The CapIQ support team said that this is a mistake and may be the result of a technical issue on the Yahoo end and that I should reach out to this address to raise the issue and get it sorted. Could we please fix and get the NCMI market cap corrected to include the membership units so it goes back up to the correct range of ~$1,060MM where it used to be?
William Swett
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