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Century Casinos

DB:CNT
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CNT
DB
$284M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Century Casinos, Inc. operates as a casino entertainment company worldwide. The last earnings update was 48 days ago. More info.


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CNT Share Price and Events
7 Day Returns
-7.1%
DB:CNT
-1.1%
DE Hospitality
-0.4%
DE Market
1 Year Returns
10.9%
DB:CNT
-51%
DE Hospitality
-6.2%
DE Market
CNT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Century Casinos (CNT) -7.1% 4.7% 7.9% 10.9% 60.6% 97.6%
DE Hospitality -1.1% -4.9% -7.3% -51% -17.1% -28.8%
DE Market -0.4% 0.7% 1.8% -6.2% 13.9% 7.5%
1 Year Return vs Industry and Market
  • CNT outperformed the Hospitality industry which returned -51% over the past year.
  • CNT outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
CNT
Industry
5yr Volatility vs Market

Value

 Is Century Casinos 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 Century Casinos 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 Century Casinos.

DB:CNT 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 7%
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:CNT
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))
= 0.917 (1 + (1- 21%) (38.13%))
1.13
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.13 * 5.96%)
6.96%

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

The calculations below outline how an intrinsic value for Century Casinos 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:CNT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.96%)
2019 21.87 Analyst x1 20.45
2020 22.72 Analyst x1 19.86
2021 23.34 Est @ 2.73% 19.07
2022 23.80 Est @ 1.98% 18.19
2023 24.15 Est @ 1.45% 17.25
2024 24.41 Est @ 1.09% 16.30
2025 24.61 Est @ 0.83% 15.37
2026 24.77 Est @ 0.65% 14.46
2027 24.90 Est @ 0.52% 13.59
2028 25.01 Est @ 0.43% 12.76
Present value of next 10 years cash flows $167.29
DB:CNT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $25.01 × (1 + 0.23%) ÷ (6.96% – 0.23%)
$372.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $372.29 ÷ (1 + 6.96%)10
$189.93
DB:CNT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $167.29 + $189.93
$357.22
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $357.22 / 29.44
$12.13
DB:CNT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CNT represents 0.86988x of NasdaqCM:CNTY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86988x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 12.13 x 0.86988
€10.56
Value per share (EUR) From above. €10.56
Current discount Discount to share price of €8.40
= -1 x (€8.40 - €10.56) / €10.56
20.4%

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

Current Discount
Amount off the current price Century Casinos is available for.
Intrinsic value
20%
Share price is €8.4 vs Future cash flow value of €10.56
Current Discount Checks
For Century Casinos to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Century Casinos's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Century Casinos'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 Century Casinos's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Century Casinos's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CNT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.12
NasdaqCM:CNTY Share Price ** NasdaqCM (2019-06-26) in USD $9.66
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.21x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.49x

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

** Primary Listing of Century Casinos.

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

= NasdaqCM:CNTY Share Price ÷ EPS (both in USD)

= 9.66 ÷ 0.12

80.37x

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

  • Century Casinos is overvalued based on earnings compared to the DE Hospitality industry average.
  • Century Casinos is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Century Casinos's expected growth come at a high price?
Raw Data
DB:CNT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 80.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
73.1%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.28x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 80.37x ÷ 73.1%

1.1x

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

  • Century Casinos is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Century Casinos's assets?
Raw Data
DB:CNT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $6.08
NasdaqCM:CNTY Share Price * NasdaqCM (2019-06-26) in USD $9.66
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 2.23x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:CNT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:CNTY Share Price ÷ Book Value per Share (both in USD)

= 9.66 ÷ 6.08

1.59x

* Primary Listing of Century Casinos.

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

  • Century Casinos is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Century Casinos'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. Century Casinos has a total score of 2/6, 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 Century Casinos 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
73.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Century Casinos expected to grow at an attractive rate?
  • Century Casinos's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Century Casinos's earnings growth is expected to exceed the Germany market average.
  • Century Casinos's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CNT Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CNT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 73.1%
DB:CNT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 10.2%
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 12.6%
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:CNT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:CNT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 215 17 4
2019-12-31 199 10 4
DB:CNT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 174 21 4
2018-12-31 169 22 3
2018-09-30 163 18 -2
2018-06-30 161 16 4
2018-03-31 158 20 5
2017-12-31 154 19 6
2017-09-30 151 23 14
2017-06-30 145 22 9
2017-03-31 142 24 9
2016-12-31 139 22 9
2016-09-30 135 21 7
2016-06-30 134 20 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Century Casinos's earnings are expected to grow significantly at over 20% yearly.
  • Century Casinos's revenue is expected to grow by 10.2% 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:CNT 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 4 Analyst Estimates (S&P Global) See Below

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

DB:CNT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.58 0.64 0.53 3.00
2019-12-31 0.34 0.37 0.31 3.00
DB:CNT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.12
2018-12-31 0.12
2018-09-30 -0.09
2018-06-30 0.13
2018-03-31 0.19
2017-12-31 0.25
2017-09-30 0.59
2017-06-30 0.35
2017-03-31 0.37
2016-12-31 0.38
2016-09-30 0.28
2016-06-30 0.31

*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 Century Casinos will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Century Casinos'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.
Century Casinos has a total score of 4/6, 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 Century Casinos 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 Century Casinos'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.
  • Century Casinos's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Century Casinos's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Century Casinos's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Century Casinos'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 Century Casinos Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CNT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 173.93 3.54 62.58
2018-12-31 168.94 3.39 60.19
2018-09-30 163.13 -2.45 58.39
2018-06-30 160.61 3.54 56.60
2018-03-31 158.29 5.03 53.12
2017-12-31 154.07 6.26 50.53
2017-09-30 151.06 14.39 47.26
2017-06-30 144.54 8.65 45.01
2017-03-31 142.41 9.09 44.15
2016-12-31 139.23 9.22 44.15
2016-09-30 134.89 6.77 44.73
2016-06-30 133.88 7.61 44.82
2016-03-31 133.19 11.96 44.29
2015-12-31 130.37 11.52 42.75
2015-09-30 129.70 10.94 42.11
2015-06-30 124.30 9.01 39.93
2015-03-31 121.34 2.57 39.71
2014-12-31 120.05 1.23 38.83
2014-09-30 118.21 1.25 38.37
2014-06-30 118.92 1.53 38.54
2014-03-31 115.71 5.03 36.20
2013-12-31 104.59 6.18 33.07
2013-09-30 92.91 7.02 28.29
2013-06-30 82.81 7.13 24.45
2013-03-31 72.25 4.62 21.37
2012-12-31 71.83 4.09 21.25
2012-09-30 71.69 4.06 21.17
2012-06-30 71.11 4.29 21.00

*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.
  • Century Casinos has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Century Casinos used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Century Casinos's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Century Casinos'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.
Century Casinos has a total score of 0/6, 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 Century Casinos'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 Century Casinos's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Century Casinos is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Century Casinos's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Century Casinos'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 0.9x 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 Century Casinos Company Filings, last reported 2 months ago.

DB:CNT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 186.42 67.77 49.58
2018-12-31 183.38 59.34 45.67
2018-09-30 187.76 53.03 46.97
2018-06-30 184.25 53.99 54.54
2018-03-31 187.38 53.59 66.03
2017-12-31 187.32 56.71 74.75
2017-09-30 157.80 57.69 44.30
2017-06-30 148.32 54.14 38.81
2017-03-31 143.02 54.03 39.74
2016-12-31 138.58 55.68 38.84
2016-09-30 137.85 58.54 32.97
2016-06-30 135.07 37.19 31.27
2016-03-31 133.49 38.07 29.93
2015-12-31 126.79 36.71 29.37
2015-09-30 127.72 40.03 29.80
2015-06-30 127.80 44.83 28.93
2015-03-31 119.12 41.70 25.91
2014-12-31 122.43 37.89 24.74
2014-09-30 124.84 38.62 27.30
2014-06-30 128.40 35.65 26.50
2014-03-31 127.60 33.84 26.44
2013-12-31 129.45 34.06 27.35
2013-09-30 128.55 16.02 30.45
2013-06-30 125.41 16.43 28.17
2013-03-31 118.61 10.62 32.11
2012-12-31 118.16 3.56 24.75
2012-09-30 118.00 3.73 22.91
2012-06-30 114.77 3.63 19.74
  • Century Casinos's level of debt (36.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (26.5% vs 36.4% today).
  • Debt is well covered by operating cash flow (30.6%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Century Casinos'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. Century Casinos has a total score of 3/6, 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 Century Casinos'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 Century Casinos dividends.
If you bought €2,000 of Century Casinos 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 Century Casinos's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Century Casinos'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:CNT 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 8.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
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:CNT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Century Casinos has not reported any payouts.
  • Unable to verify if Century Casinos's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Century Casinos's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Century Casinos has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Century Casinos'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 Century Casinos afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Century Casinos 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 Century Casinos'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
Erwin Haitzmann
COMPENSATION $1,401,757
AGE 64
TENURE AS CEO 25.3 years
CEO Bio

Dr. Erwin Haitzmann has been the Co-Chief Executive Officer of Century Casinos, Inc. at Century Casino & Hotel since March 16, 2005 and serves as its Chairman. Dr. Haitzmann has been employed full-time by Century Casinos, Inc. since May 1993. He serves as Co-Chief Executive Officer and Chairman of Century Casinos Inc. since March 1994. He has 28 years of casino gaming experience ranging from dealer (commencing in 1975) through various casino management positions. He has been a Director of Century Casinos Inc. since March 1994. Dr. Haitzmann holds a Doctorate and a Masters degree in Social and Economic Sciences from the University of Linz, Austria in 1980.

CEO Compensation
  • Erwin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Erwin's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Century Casinos management team in years:

11.7
Average Tenure
55
Average Age
  • The average tenure for the Century Casinos management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Erwin Haitzmann

TITLE
Chairman & Co-CEO
COMPENSATION
$1M
AGE
64
TENURE
25.3 yrs

Peter Hoetzinger

TITLE
Vice Chairman
COMPENSATION
$1M
AGE
55
TENURE
14.3 yrs

Peggy Stapleton

TITLE
Executive VP of Finance
COMPENSATION
$360K
AGE
56
TENURE
9.1 yrs

Andreas Terler

TITLE
VP of Operations at Canada & Chief Information Officer
COMPENSATION
$339K
AGE
49

Tim Wright

TITLE
Corporate Controller & VP of Accounting
AGE
48
TENURE
9.1 yrs
Board of Directors Tenure

Average tenure and age of the Century Casinos board of directors in years:

23.8
Average Tenure
63
Average Age
  • The average tenure for the Century Casinos board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Erwin Haitzmann

TITLE
Chairman & Co-CEO
COMPENSATION
$1M
AGE
64
TENURE
25.3 yrs

Peter Hoetzinger

TITLE
Vice Chairman
COMPENSATION
$1M
AGE
55
TENURE
25.3 yrs

Gottfried Schellmann

TITLE
Director
COMPENSATION
$34K
AGE
64
TENURE
22.4 yrs

Dinah Corbaci

TITLE
Director
COMPENSATION
$27K
AGE
63
TENURE
19.2 yrs

Eduard Berger

TITLE
Non-Executive Director
COMPENSATION
$15K
AGE
50
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 (€)
21. Dec 18 Buy Peter Hoetzinger Individual 20. Dec 18 21. Dec 18 11,000 €5.96 €65,395
19. Nov 18 Buy Erwin Haitzmann Individual 16. Nov 18 16. Nov 18 12,000 €6.30 €75,210
X
Management checks
We assess Century Casinos'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. Century Casinos 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

Century Casinos, Inc. operates as a casino entertainment company worldwide. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. It owns and operates casinos in North America, England, and Poland; a racetrack and entertainment center in Canada; and pari-mutuel off-track betting network in southern Alberta, Canada. The company also manages cruise ship-based casinos; and provides gaming services in Argentina. As of April 1, 2019, it operated 10 ship-based casinos. The company was founded in 1992 and is based in Colorado Springs, Colorado.

Details
Name: Century Casinos, Inc.
CNT
Exchange: DB
Founded: 1992
$249,369,511
29,439,179
Website: http://www.cnty.com
Address: Century Casinos, Inc.
455 East Pikes Peak Avenue,
Suite 210,
Colorado Springs,
Colorado, 80903,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM CNTY Common Stock Nasdaq Capital Market US USD 10. Nov 1993
DB CNT Common Stock Deutsche Boerse AG DE EUR 10. Nov 1993
Number of employees
Current staff
Staff numbers
1,965
Century Casinos employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 20:39
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/17
Last earnings filing: 2019/05/09
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.