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Pinnacle Entertainment

DB:65P
Snowflake Description

Acceptable track record with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
65P
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Pinnacle Entertainment, Inc. owns, develops, and operates casinos and related hospitality and entertainment facilities in the United States. The last earnings update was 69 days ago. More info.


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65P Share Price and Events
Price Volatility
65P
Industry
5yr Volatility vs Market

Value

 Is Pinnacle Entertainment undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pinnacle Entertainment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pinnacle Entertainment.

DB:65P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:65P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.711 (1 + (1- 21%) (200.55%))
1.838
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.838 * 9.46%)
17.93%

Discounted Cash Flow Calculation for DB:65P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pinnacle Entertainment is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:65P DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 209.00 232.26 258.11 286.83 318.75
Source Analyst x1 Est @ 11.13% Est @ 11.13% Est @ 11.13% Est @ 11.13%
Present Value
Discounted (@ 17.93%)
177.22 167.00 157.37 148.30 139.74
Present value of next 5 years cash flows $789.64
DB:65P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $318.75 × (1 + 0.54%) ÷ (17.93% – 0.54%)
$1,843.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $1,843.10 ÷ (1 + 17.93%)5
$808.03
DB:65P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $789.64 + $808.03
$1,597.67
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,597.67 / 58.88
$23.16
DB:65P Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:65P represents 0.85345x of NasdaqGS:PNK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.85345x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 27.13 x 0.85345
€23.16
Value per share (EUR) From above. €23.16
Current discount Discount to share price of €27.78
= -1 x (€27.78 - €23.16) / €23.16
-20%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Pinnacle Entertainment is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pinnacle Entertainment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pinnacle Entertainment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:65P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $1.41
NasdaqGS:PNK Share Price ** NasdaqGS (2018-10-12) in USD $32.55
Germany Hospitality Industry PE Ratio Median Figure of 11 Publicly-Listed Hospitality Companies 15.13x
Germany Market PE Ratio Median Figure of 407 Publicly-Listed Companies 18.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pinnacle Entertainment.

DB:65P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PNK Share Price ÷ EPS (both in USD)

= 32.55 ÷ 1.41

23.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pinnacle Entertainment is overvalued based on earnings compared to the DE Hospitality industry average.
  • Pinnacle Entertainment is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Pinnacle Entertainment's expected growth come at a high price?
Raw Data
DB:65P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
0.8%per year
Germany Hospitality Industry PEG Ratio Median Figure of 7 Publicly-Listed Hospitality Companies 1.02x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

DB:65P PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.08x ÷ 0.8%

28.36x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pinnacle Entertainment is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Pinnacle Entertainment's assets?
Raw Data
DB:65P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in USD $-4.93
NasdaqGS:PNK Share Price * NasdaqGS (2018-10-12) in USD $32.55
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 2.96x
Germany Market PB Ratio Median Figure of 547 Publicly-Listed Companies 1.86x
DB:65P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PNK Share Price ÷ Book Value per Share (both in USD)

= 32.55 ÷ -4.93

-6.6x

* Primary Listing of Pinnacle Entertainment.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pinnacle Entertainment has negative assets, we can't compare the value of its assets to the DE Hospitality industry average.
X
Value checks
We assess Pinnacle Entertainment's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Pinnacle Entertainment has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Pinnacle Entertainment expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pinnacle Entertainment expected to grow at an attractive rate?
  • Pinnacle Entertainment's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Pinnacle Entertainment's earnings growth is positive but not above the Germany market average.
  • Pinnacle Entertainment's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:65P Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:65P Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 0.8%
DB:65P Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.1%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:65P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:65P Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 2,611 76 2
2019-12-31 2,611 86 4
2018-12-31 2,562 79 3
DB:65P Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 2,544 294 80
2018-03-31 2,550 287 68
2017-12-31 2,562 286 63
2017-09-30 2,578 283 32
2017-06-30 2,526 260 17
2017-03-31 2,439 190 -482
2016-12-31 2,379 256 -458
2016-09-30 2,300 257 -463
2016-06-30 2,283 309 -449
2016-03-31 2,299 381 57
2015-12-31 2,292 408 43
2015-09-30 2,288 375 72

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pinnacle Entertainment's earnings are expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
  • Pinnacle Entertainment's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:65P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Pinnacle Entertainment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:65P Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.23 1.23 1.23 1.00
2019-12-31 1.33 1.74 1.08 4.00
2018-12-31 1.22 1.41 1.12 3.00
DB:65P Past Financials Data
Date (Data in USD Millions) EPS *
2018-06-30 1.41
2018-03-31 1.20
2017-12-31 1.12
2017-09-30 0.56
2017-06-30 0.30
2017-03-31 -8.39
2016-12-31 -7.79
2016-09-30 -7.70
2016-06-30 -7.34
2016-03-31 0.93
2015-12-31 0.71
2015-09-30 1.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Pinnacle Entertainment will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pinnacle Entertainment's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pinnacle Entertainment has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Pinnacle Entertainment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pinnacle Entertainment's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pinnacle Entertainment's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Pinnacle Entertainment's 1-year earnings growth exceeds its 5-year average (371.4% vs -2.8%)
  • Pinnacle Entertainment's earnings growth has exceeded the DE Hospitality industry average in the past year (371.4% vs 49%).
Earnings and Revenue History
Pinnacle Entertainment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pinnacle Entertainment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:65P Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 2,544.26 80.35 627.81
2018-03-31 2,550.27 67.83 628.24
2017-12-31 2,561.85 63.10 627.30
2017-09-30 2,578.44 31.70 544.29
2017-06-30 2,526.21 17.05 613.51
2017-03-31 2,438.80 -481.53 586.19
2016-12-31 2,378.86 -457.84 615.97
2016-09-30 2,299.85 -463.04 609.03
2016-06-30 2,283.31 -449.04 534.49
2016-03-31 2,299.03 57.21 596.45
2015-12-31 2,291.85 43.39 595.71
2015-09-30 2,287.71 71.81 583.26
2015-06-30 2,277.38 66.07 587.18
2015-03-31 2,250.61 46.74 592.54
2014-12-31 2,210.54 38.39 593.56
2014-09-30 2,191.29 32.86 596.68
2014-06-30 2,041.92 -22.01 556.92
2014-03-31 1,753.99 -26.80 472.52
2013-12-31 1,487.84 -133.33 402.29
2013-09-30 1,207.57 -173.07 328.73
2013-06-30 1,044.79 -119.27 288.25
2013-03-31 976.47 -100.70 288.73
2012-12-31 1,002.84 -13.24 275.08
2012-09-30 1,023.86 35.53 342.24
2012-06-30 1,063.56 40.64 323.62
2012-03-31 1,154.04 24.27 229.49
2011-12-31 940.87 28.90 258.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Pinnacle Entertainment has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Pinnacle Entertainment used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Pinnacle Entertainment's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Pinnacle Entertainment's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pinnacle Entertainment has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Pinnacle Entertainment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Pinnacle Entertainment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pinnacle Entertainment's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pinnacle Entertainment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pinnacle Entertainment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Pinnacle Entertainment has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pinnacle Entertainment Company Filings, last reported 3 months ago.

DB:65P Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 -281.46 3,843.50 148.56
2018-03-31 -301.45 3,895.64 152.42
2017-12-31 -320.97 3,925.85 184.22
2017-09-30 -343.76 3,951.08 144.37
2017-06-30 -339.75 4,025.88 159.12
2017-03-31 -351.84 4,061.44 149.24
2016-12-31 -372.88 4,100.00 185.09
2016-09-30 -356.86 4,123.31 154.80
2016-06-30 -332.86 4,009.46 119.37
2016-03-31 408.87 3,525.74 121.32
2015-12-31 363.51 3,627.74 164.03
2015-09-30 372.01 3,676.93 123.01
2015-06-30 352.03 3,793.33 122.01
2015-03-31 327.02 3,883.50 159.32
2014-12-31 289.38 3,955.42 164.65
2014-09-30 271.01 3,993.26 154.99
2014-06-30 254.66 4,109.56 166.66
2014-03-31 249.71 4,349.55 162.70
2013-12-31 225.17 4,380.05 191.94
2013-09-30 204.99 4,495.69 196.75
2013-06-30 375.92 1,459.48 86.23
2013-03-31 376.25 1,439.99 98.88
2012-12-31 447.12 1,440.50 99.23
2012-09-30 509.52 1,441.02 158.84
2012-06-30 536.26 1,441.54 217.32
2012-03-31 521.09 1,442.69 255.66
2011-12-31 519.39 1,223.99 78.60
  • Pinnacle Entertainment has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Pinnacle Entertainment's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (7.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Pinnacle Entertainment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pinnacle Entertainment has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Pinnacle Entertainment's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pinnacle Entertainment dividends.
If you bought €2,000 of Pinnacle Entertainment shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pinnacle Entertainment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pinnacle Entertainment's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:65P Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:65P Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2018-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Pinnacle Entertainment has not reported any payouts.
  • Unable to verify if Pinnacle Entertainment's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pinnacle Entertainment's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pinnacle Entertainment has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Pinnacle Entertainment's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Pinnacle Entertainment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pinnacle Entertainment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pinnacle Entertainment has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Pinnacle Entertainment's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anthony Sanfilippo, image provided by Google.
Anthony Sanfilippo
COMPENSATION $10,069,520
AGE 60
TENURE AS CEO 2.5 years
CEO Bio

Mr. Anthony M. Sanfilippo has been Chairman of the Board of Pinnacle Entertainment, Inc. (“Company”) since May 2017 and its Chief Executive Officer since April 2016. He has more than 30 years of gaming entertainment experience and since joining the Company in 2010 has led the company through significant growth. He served as President, Chief Executive Officer and a Board Member of Multimedia Games Inc. He served in leadership roles at Harrah's Entertainment, Inc. He served as President of Harrah's central and western divisions, overseeing the operations of more than two dozen casinos and gaming resorts. In addition, he was President and Chief Operating Officer for Harrah's New Orleans and a Board member of Jazz Casino Corp. He has directed tribal gaming operations in Arizona, California and Kansas and has held gaming licenses in most states that offer legalized gambling.

CEO Compensation
  • Anthony's compensation has increased by more than 20% in the past year.
  • Anthony's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Pinnacle Entertainment management team in years:

2.5
Average Tenure
51
Average Age
  • The tenure for the Pinnacle Entertainment management team is about average.
Management Team

Anthony Sanfilippo

TITLE
Chairman & CEO
COMPENSATION
$10M
AGE
60
TENURE
2.5 yrs

Carlos Ruisanchez

TITLE
President
COMPENSATION
$5M
AGE
47
TENURE
2.5 yrs

Neil Walkoff

TITLE
Executive Vice President of Operations
COMPENSATION
$3M
AGE
48
TENURE
6.5 yrs

Ginny Shanks

TITLE
Executive VP & Chief Administrative Officer
COMPENSATION
$4M
AGE
58
TENURE
5.4 yrs

Troy Stremming

TITLE
Executive Vice President of Government Relations & Public Affairs
COMPENSATION
$2M
AGE
50
TENURE
5.2 yrs

Christine LaBombard

TITLE
Senior VP & Chief Accounting Officer
TENURE
1 yrs

Donna Negrotto

TITLE
Executive VP
AGE
52
TENURE
2.3 yrs

Christina Donelson

TITLE
Senior Vice President of Human Resources

Keith Henson

TITLE
Senior VP of Operations & GM of L'Auberge Lake Charles

Mickey Parenton

TITLE
Senior VP of Operations & GM of L'Auberge Baton Rouge
Board of Directors Tenure

Average tenure and age of the Pinnacle Entertainment board of directors in years:

2.5
Average Tenure
62
Average Age
  • The average tenure for the Pinnacle Entertainment board of directors is less than 3 years, this suggests a new board.
Board of Directors

Carlos Ruisanchez

TITLE
President
COMPENSATION
$5M
AGE
47
TENURE
2.4 yrs

Steve Comer

TITLE
Director
COMPENSATION
$361K
AGE
68
TENURE
2.5 yrs

Anthony Sanfilippo

TITLE
Chairman & CEO
COMPENSATION
$10M
AGE
60
TENURE
1.4 yrs

Jaynie Studenmund

TITLE
Director
COMPENSATION
$363K
AGE
64
TENURE
2.5 yrs

Chuck Atwood

TITLE
Lead Independent Director
COMPENSATION
$398K
AGE
69
TENURE
1.4 yrs

James Martineau

TITLE
Director
COMPENSATION
$389K
AGE
77
TENURE
19.4 yrs

Desirée Rogers

TITLE
Director
COMPENSATION
$338K
AGE
58
TENURE
2.5 yrs

Ron Huberman

TITLE
Director
COMPENSATION
$323K
AGE
46
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
X
Management checks
We assess Pinnacle Entertainment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pinnacle Entertainment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

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Company Info

Map
Description

Pinnacle Entertainment, Inc. owns, develops, and operates casinos and related hospitality and entertainment facilities in the United States. It operates through Midwest, South, and West segments. As of February 28, 2018, the company owned and operated 16 gaming entertainment businesses located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio, and Pennsylvania. It also holds interest in the racing license owner, as well as a management contract, for Retama Park Racetrack outside of San Antonio, Texas. In addition, the company owns and operates a live and televised poker tournament series under the Heartland Poker Tour name. The company was formerly known as Hollywood Park, Inc. and changed its name to Pinnacle Entertainment, Inc. in February 2000. Pinnacle Entertainment, Inc. was founded in 1938 and is headquartered in Las Vegas, Nevada.

Details
Name: Pinnacle Entertainment, Inc.
65P
Exchange: DB
Founded: 1938
$1,658,542,417
58,878,766
Website: http://www.pnkinc.com
Address: Pinnacle Entertainment, Inc.
3980 Howard Hughes Parkway,
Las Vegas,
Nevada, 89169,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PNK Common Stock Nasdaq Global Select US USD 14. Apr 2016
DB 65P Common Stock Deutsche Boerse AG DE EUR 14. Apr 2016
Number of employees
Current staff
Staff numbers
15,377
Pinnacle Entertainment employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/15 18:45
End of day share price update: 2018/10/12 00:00
Last estimates confirmation: 2018/08/21
Last earnings filing: 2018/08/07
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.