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Caesars Entertainment

DB:C08
Snowflake Description

Proven track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C08
DB
$6B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The last earnings update was 53 days ago. More info.


Add to Portfolio Compare Print
  • Caesars Entertainment has significant price volatility in the past 3 months.
C08 Share Price and Events
7 Day Returns
16.1%
DB:C08
-2.7%
DE Hospitality
1.6%
DE Market
1 Year Returns
6.4%
DB:C08
-52.3%
DE Hospitality
-7.4%
DE Market
C08 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Caesars Entertainment (C08) 16.1% 26.4% 35.4% 6.4% 36.9% -
DE Hospitality -2.7% -3.6% -8% -52.3% -25.6% -30.6%
DE Market 1.6% 1.5% 3% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • C08 outperformed the Hospitality industry which returned -52.3% over the past year.
  • C08 outperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
C08
Industry
5yr Volatility vs Market

Value

 Is Caesars 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 Caesars 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 Caesars Entertainment.

DB:C08 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:C08
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.924 (1 + (1- 21%) (309.52%))
2.463
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:C08 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Caesars Entertainment is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:C08 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.15%)
2019 416.26 Analyst x5 371.17
2020 745.37 Analyst x6 592.63
2021 862.33 Analyst x3 611.37
2022 950.81 Est @ 10.26% 601.08
2023 1,019.76 Est @ 7.25% 574.83
2024 1,072.21 Est @ 5.14% 538.93
2025 1,111.56 Est @ 3.67% 498.19
2026 1,140.87 Est @ 2.64% 455.93
2027 1,162.70 Est @ 1.91% 414.33
2028 1,179.08 Est @ 1.41% 374.65
Present value of next 10 years cash flows $5,033.11
DB:C08 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,179.08 × (1 + 0.23%) ÷ (12.15% – 0.23%)
$9,914.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $9,914.16 ÷ (1 + 12.15%)10
$3,150.22
DB:C08 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,033.11 + $3,150.22
$8,183.33
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8,183.33 / 626.72
$13.06
DB:C08 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:C08 represents 0.88199x of NasdaqGS:CZR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88199x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 13.06 x 0.88199
€11.52
Value per share (EUR) From above. €11.52
Current discount Discount to share price of €10.09
= -1 x (€10.09 - €11.52) / €11.52
12.4%

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

Current Discount
Amount off the current price Caesars Entertainment is available for.
Intrinsic value
12%
Share price is €10.09 vs Future cash flow value of €11.52
Current Discount Checks
For Caesars Entertainment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Caesars Entertainment's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Caesars Entertainment's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Caesars Entertainment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Caesars Entertainment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:C08 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.18
NasdaqGS:CZR Share Price ** NasdaqGS (2019-06-24) in USD $11.44
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 20.07x

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

** Primary Listing of Caesars Entertainment.

DB:C08 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 11.44 ÷ 0.18

64.76x

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

  • Caesars Entertainment is overvalued based on earnings compared to the DE Hospitality industry average.
  • Caesars Entertainment is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Caesars Entertainment's expected growth come at a high price?
Raw Data
DB:C08 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 64.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
57.3%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.27x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

DB:C08 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 64.76x ÷ 57.3%

1.13x

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

  • Caesars Entertainment is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Caesars Entertainment's assets?
Raw Data
DB:C08 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.54
NasdaqGS:CZR Share Price * NasdaqGS (2019-06-24) in USD $11.44
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 2.13x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:C08 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.44 ÷ 4.54

2.52x

* Primary Listing of Caesars Entertainment.

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

  • Caesars Entertainment is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Caesars 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. Caesars 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 Caesars Entertainment expected to perform in the next 1 to 3 years based on estimates from 14 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
57.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Caesars Entertainment expected to grow at an attractive rate?
  • Caesars Entertainment's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Caesars Entertainment's earnings growth is expected to exceed the Germany market average.
  • Caesars Entertainment's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:C08 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:C08 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 57.3%
DB:C08 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.4%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 21%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:C08 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:C08 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 9,503 1,459 1
2022-12-31 9,370 1,303 2
2021-12-31 9,099 1,280 -3 7
2020-12-31 8,863 1,220 -146 14
2019-12-31 8,696 1,086 -299 14
DB:C08 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 8,332 1,019 120
2018-12-31 8,189 786 303
2018-09-30 7,978 -1,894 2,109
2018-06-30 6,837 -2,122 1,566
2018-03-31 5,774 -2,420 105
2017-12-31 4,820 -2,323 -368
2017-09-30 3,916 -138 -2,421
2017-06-30 3,909 47 -5,924
2017-03-31 3,893 212 -6,594
2016-12-31 3,877 210 -6,429
2016-09-30 3,839 470 -6,506
2016-06-30 3,810 374 -3,397

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Caesars Entertainment's earnings are expected to grow significantly at over 20% yearly.
  • Caesars Entertainment's revenue is expected to grow by 2.4% 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:C08 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Caesars Entertainment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:C08 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 -0.19 -0.19 -0.19 1.00
2021-12-31 -0.10 0.17 -0.28 3.00
2020-12-31 -0.23 0.00 -0.58 7.00
2019-12-31 -0.39 -0.26 -0.50 7.00
DB:C08 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.18
2018-12-31 0.44
2018-09-30 3.07
2018-06-30 2.83
2018-03-31 0.25
2017-12-31 -1.32
2017-09-30 -16.41
2017-06-30 -40.30
2017-03-31 -45.01
2016-12-31 -44.03
2016-09-30 -44.64
2016-06-30 -23.35

*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.
  • Caesars Entertainment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Caesars 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.
Caesars Entertainment has a total score of 3/6, 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 Caesars 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 Caesars 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.
  • Caesars Entertainment's year on year earnings growth rate has been positive over the past 5 years.
  • Caesars Entertainment's 1-year earnings growth exceeds its 5-year average (14.3% vs 0.3%)
  • Caesars Entertainment's earnings growth has exceeded the DE Hospitality industry average in the past year (14.3% vs -2.6%).
Earnings and Revenue History
Caesars 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 Caesars Entertainment Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:C08 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 8,332.00 120.00 2,108.00
2018-12-31 8,189.00 303.00 2,074.00
2018-09-30 7,978.00 2,109.00 2,056.00
2018-06-30 6,837.00 1,566.00 1,797.00
2018-03-31 5,774.00 105.00 1,564.00
2017-12-31 4,820.00 -368.00 1,327.00
2017-09-30 3,916.00 -2,421.00 1,165.00
2017-06-30 3,909.00 -5,924.00 1,319.00
2017-03-31 3,893.00 -6,594.00 1,341.00
2016-12-31 3,877.00 -6,429.00 1,341.00
2016-09-30 3,839.00 -6,506.00 1,338.00
2016-06-30 3,810.00 -3,397.00 1,205.00
2016-03-31 3,616.00 -1,355.00 1,121.00
2015-12-31 3,919.00 5,854.00 1,249.00
2015-09-30 5,086.00 4,884.00 1,610.00
2015-06-30 6,280.00 4,852.00 1,936.00
2015-03-31 7,555.00 4,497.00 2,250.00
2014-12-31 7,724.00 -2,640.00 2,162.00
2014-09-30 8,134.20 -3,243.00 2,348.70
2014-06-30 7,997.90 -3,082.80 2,263.00
2014-03-31 7,876.00 -2,875.80 2,228.50
2013-12-31 7,954.00 -2,741.00 2,104.00
2013-09-30 8,004.00 -1,520.70 2,168.10
2013-06-30 8,162.80 -1,326.60 2,190.50
2013-03-31 8,354.20 -1,279.80 2,220.00
2012-12-31 8,119.00 -1,108.00 2,103.00
2012-09-30 8,627.90 -1,170.60 2,227.40
2012-06-30 8,644.10 -841.20 2,237.60

*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.
  • Caesars Entertainment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Caesars Entertainment used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Caesars Entertainment has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Caesars 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.
Caesars Entertainment has a total score of 4/6, 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 Caesars 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 Caesars Entertainment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Caesars Entertainment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Caesars Entertainment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Caesars 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.
  • Debt is not covered by short term assets, assets are 0.1x debt.
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 Caesars Entertainment Company Filings, last reported 2 months ago.

DB:C08 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,122.00 8,853.00 1,395.00
2018-12-31 3,338.00 9,289.00 1,491.00
2018-09-30 3,167.00 8,975.00 1,563.00
2018-06-30 3,306.00 8,886.00 2,687.00
2018-03-31 3,302.00 8,901.00 2,485.00
2017-12-31 3,297.00 9,929.00 2,558.00
2017-09-30 -3,815.00 6,477.00 1,515.00
2017-06-30 -3,357.00 6,792.00 1,515.00
2017-03-31 -1,926.00 6,789.00 1,454.00
2016-12-31 -1,609.00 6,838.00 1,540.00
2016-09-30 -971.00 6,806.00 1,669.00
2016-06-30 -96.00 6,834.00 1,525.00
2016-03-31 1,946.00 6,920.00 1,444.00
2015-12-31 2,233.00 6,964.00 1,227.00
2015-09-30 2,259.00 6,977.00 1,609.00
2015-06-30 3,008.00 7,024.00 1,579.00
2015-03-31 2,931.00 7,062.00 1,555.00
2014-12-31 -4,742.00 23,009.00 2,806.00
2014-09-30 -3,714.40 23,074.60 3,182.40
2014-06-30 -2,578.40 24,444.80 3,429.60
2014-03-31 -2,276.80 21,322.30 2,483.40
2013-12-31 -1,904.00 21,115.00 2,771.00
2013-09-30 -1,496.80 21,543.20 1,707.90
2013-06-30 -738.10 21,308.40 1,810.70
2013-03-31 -560.00 21,559.70 2,095.40
2012-12-31 -331.60 21,718.50 1,757.50
2012-09-30 114.70 21,105.50 1,189.40
2012-06-30 607.20 20,296.80 985.10
  • Caesars Entertainment's level of debt (604.2%) compared to net worth is high (greater than 40%).
  • Caesars Entertainment had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (5.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Caesars 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. Caesars Entertainment has a total score of 2/6, 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 Caesars 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 Caesars Entertainment dividends. Estimated to be 0% next year.
If you bought €2,000 of Caesars 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 Caesars Entertainment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Caesars 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:C08 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 14 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 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 3.9%

Industry and Market average data is calculated daily.

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

DB:C08 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 4.00
2020-12-31 0.00 5.00
2019-12-31 0.00 5.00

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

  • Unable to perform a dividend volatility check as Caesars Entertainment has not reported any payouts.
  • Unable to verify if Caesars Entertainment's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Caesars Entertainment's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Caesars Entertainment has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Caesars Entertainment's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Caesars 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 Caesars Entertainment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Caesars 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 Caesars 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
Tony Rodio
AGE 60
TENURE AS CEO 0.1 years
CEO Bio

Mr. Anthony P. Rodio, also known as Tony, is Chief Executive Officer and Director at Caesars Entertainment Corp. since May 2019. He served as Chief Executive Officer of Affinity Gaming since October 2018 and has experience in the casino industry. He served as the Chief Executive Officer and President of Tropicana Entertainment Inc. since May 2012 to October 1, 2018 and from February 2012 to October 1, 2018 respectively. Mr. Rodio has been the Vice President and General Manager of Hollywood Casino in Lawrenceburg, Indiana since October 2008 until May 2011. He has casino and gaming industry experience. He served as General Manager of Argosy Casino Lawrenceburg of Penn National Gaming Inc. sincae October 10, 2008. He served as the Chief Executive Officer and President of Tropicana Atlantic City Corp., a subsidiary of Tropicana Entertainment Inc. from May 2011 to April 2012. He served as the Chief Operating Officer of Tropicana Entertainment Inc. from November 16, 2011 to May 2012. Mr. Rodio served as an Executive Vice President of Tropicana Entertainment Inc. from June 1, 2011 to November 16, 2011. He served as the Chief Executive Officer and President of Colony RIH Holdings Inc., Resorts International Hotel Inc. (RIH) and Resorts International Hotel & Casino Inc. (RIHC). He served as the President of Atlantic City Hilton of Resorts Casino Hotel (also known as Resorts Atlantic City) since June 1, 2005 until September 2008 and also served as its Chief Gaming Executive of the Hilton. He served as the Chief Gaming Executive of RIH Acquisitions NJ, LLC since June 2005. Mr. Rodio began his career in the casino industry in 1980 at Harrah’s. He served as the President of Hilton since 2005. From 1998 to May 2005, Mr. Rodio served as Vice President of Finance and Administration for Harrah’s and Showboat Casino’s in Atlantic City. Mr. Rodio held several other senior management and finance positions in Atlantic City market for Harrah’s Entertainment, Inc., Trump Entertainment Resorts Inc. and Resorts (Merv Griffin Enterprises) Casino. He was a Member of the team that opened Taj Mahal casino in 1990. He served as Regional President and Chief Operating Officer of both the Atlantic City Hilton and Resorts Atlantic City. He held executive positions in finance with Resorts International (later re-named Resorts Atlantic City). He served as a Director of Tropicana Entertainment Inc, from May 2012 to October 1, 2018. Mr. Rodio holds a Master of Business Administration degree from Monmouth University and a Bachelor of Science degree from Rider University. Between October 2015 and February 2016 Mr. Rodio served as the Company's representative on the Board of Directors of Ruby Seven Studios, Inc., a provider of social gaming software and information technology platforms, including the Company's TropWorld Casino social gaming website. Mr. Rodio has also served on the boards of many professional and charitable organizations including Atlantic City Alliance, United Way of Atlantic County, the Casino Association of New Jersey and the Lloyd D. Levenson Institute of Gaming Hospitality & Tourism.

CEO Compensation
  • Insufficient data for Tony to compare compensation growth.
  • Insufficient data for Tony to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

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

3.4
Average Tenure
57.5
Average Age
  • The tenure for the Caesars Entertainment management team is about average.
Management Team

Eric Hession

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
44
TENURE
4.4 yrs

Les Ottolenghi

TITLE
Executive VP & Chief Information Officer
COMPENSATION
$2M
AGE
56
TENURE
3.4 yrs

Tom Jenkin

TITLE
Global President of Destination Markets
COMPENSATION
$5M
AGE
63
TENURE
16.6 yrs

Tony Rodio

TITLE
CEO & Director
AGE
60
TENURE
0.1 yrs

Keith Causey

TITLE
Senior VP & Chief Accounting Officer
TENURE
4.7 yrs

Steve Rubis

TITLE
Vice President of Investor Relations
TENURE
0.4 yrs

Michelle Bushore

TITLE
Executive VP
TENURE
0.4 yrs

Rich Broome

TITLE
Executive Vice President of Communications & Government Relations
AGE
59
TENURE
3.4 yrs

Michael Daly

TITLE
Senior VP and Head of Strategy

Chris Holdren

TITLE
Executive VP & Chief Marketing Officer
AGE
48
TENURE
1.6 yrs
Board of Directors Tenure

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

1.2
Average Tenure
60
Average Age
  • The average tenure for the Caesars Entertainment board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jim Hunt

TITLE
Chairman of the Board
COMPENSATION
$471K
AGE
62
TENURE
1.7 yrs

Tony Rodio

TITLE
CEO & Director
AGE
60
TENURE
0.1 yrs

Rick Schifter

TITLE
Independent Director
COMPENSATION
$351K
AGE
65
TENURE
2.1 yrs

John Dionne

TITLE
Independent Director
COMPENSATION
$349K
AGE
54
TENURE
1.7 yrs

Don Kornstein

TITLE
Independent Director
COMPENSATION
$349K
AGE
66
TENURE
1.7 yrs

Denise Clark

TITLE
Independent Director
COMPENSATION
$108K
AGE
60
TENURE
0.7 yrs

Thomas Benninger

TITLE
Independent Director
COMPENSATION
$359K
AGE
60
TENURE
1.7 yrs

Juliana Chugg

TITLE
Independent Director
COMPENSATION
$65K
AGE
50
TENURE
0.5 yrs

Keith Cozza

TITLE
Independent Director
AGE
39
TENURE
0.3 yrs

Courtney Mather

TITLE
Independent Director
AGE
41
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Mar 19 Sell Les Ottolenghi Individual 12. Mar 19 12. Mar 19 -28,500 €7.63 €-217,437
09. Mar 19 Sell Les Ottolenghi Individual 06. Mar 19 08. Mar 19 -51,720 €7.78 €-395,026
08. Mar 19 Buy Icahn Capital LP Company 07. Mar 19 07. Mar 19 38,900,000 €7.57 €294,543,020
08. Mar 19 Buy Icahn Capital LP Company 07. Mar 19 07. Mar 19 21,638 €7.57 €163,839
22. Dec 18 Buy Juliana Chugg Individual 21. Dec 18 21. Dec 18 15,675 €5.59 €87,626
21. Dec 18 Sell Marco Roca Individual 01. Feb 18 13. Nov 18 -9,985 €12.64 €-72,308
21. Dec 18 Buy Donald Kornstein Individual 20. Dec 18 21. Dec 18 20,000 €5.70 €110,182
20. Dec 18 Buy Donald Kornstein Individual 18. Dec 18 19. Dec 18 25,000 €6.13 €152,066
23. Nov 18 Buy Thomas Benninger Individual 20. Nov 18 20. Nov 18 41,000 €6.84 €280,265
16. Nov 18 Sell Marco Roca Individual 13. Nov 18 13. Nov 18 -17,834 €7.28 €-129,772
08. Aug 18 Buy John Boushy Individual 07. Aug 18 07. Aug 18 10,000 €8.58 €85,849
08. Aug 18 Buy Chris Holdren Individual 07. Aug 18 07. Aug 18 5,000 €8.50 €42,493
06. Aug 18 Buy Mark Frissora Individual 03. Aug 18 03. Aug 18 100,000 €8.23 €823,150
06. Aug 18 Buy Eric Hession Individual 03. Aug 18 03. Aug 18 10,000 €8.22 €82,216
X
Management checks
We assess Caesars 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. Caesars 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

Simply Wall St News

Company Info

Description

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. The company operates 39,000 slot machines and 2,700 table games, as well as other games comprising keno, poker, and race and sports books; and approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service. As of December 31, 2018, it had 50 casinos, including 37 casinos in the United States and 13 casinos internationally with approximately 3 million square feet of gaming space and 40,000 hotel rooms. The company also provides various retail and entertainment offerings in its casinos; and operates various entertainment venues, including the Colosseum at Caesars Palace and Zappos Theater at Planet Hollywood, as well as The LINQ promenade, an open-air dining, entertainment, and retail development. In addition, it operates an online gaming business that provides real money games; and owns the World Series of Poker tournaments and brand. The company was formerly known as Harrah's Entertainment Inc. and changed its name to Caesars Entertainment Corporation in November 2010. Caesars Entertainment Corporation was founded in 1937 and is based in Las Vegas, Nevada.

Details
Name: Caesars Entertainment Corporation
C08
Exchange: DB
Founded: 1937
$5,492,082,873
626,719,158
Website: http://www.caesars.com
Address: Caesars Entertainment Corporation
One Caesars Palace Drive,
Las Vegas,
Nevada, 89109,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CZR Voting Common Stock Nasdaq Global Select US USD 08. Feb 2012
DB C08 Voting Common Stock Deutsche Boerse AG DE EUR 08. Feb 2012
Number of employees
Current staff
Staff numbers
66,000
Caesars Entertainment employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 22:00
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/06/24
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.