PENN Entertainment, Inc.

DB:PN1 Stock Report

Market Cap: €2.7b

PENN Entertainment Valuation

Is PN1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PN1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PN1 (€17.36) is trading below our estimate of fair value (€54.08)

Significantly Below Fair Value: PN1 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PN1?

Key metric: As PN1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PN1. This is calculated by dividing PN1's market cap by their current revenue.
What is PN1's PS Ratio?
PS Ratio0.4x
SalesUS$6.30b
Market CapUS$2.79b

Price to Sales Ratio vs Peers

How does PN1's PS Ratio compare to its peers?

The above table shows the PS ratio for PN1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
TIMA ZEAL Network
6.9x13.1%€1.0b
EMH pferdewetten.de
1x27.3%€20.8m
TUI1 TUI
0.2x4.0%€4.3b
ACX bet-at-home.com
0.4x9.0%€17.5m
PN1 PENN Entertainment
0.4x6.1%€2.8b

Price-To-Sales vs Peers: PN1 is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does PN1's PS Ratio compare vs other companies in the DE Hospitality Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
MS1 Marley Spoon Group
0.1x10.0%US$19.85m
9UX Hostmore
0.0006xn/aUS$138.43k
No more companies available in this PS range
PN1 0.4xIndustry Avg. 1.1xNo. of Companies4PS00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PN1 is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Hospitality industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is PN1's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PN1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio1.4x

Price-To-Sales vs Fair Ratio: PN1 is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PN1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.36
€22.35
+28.8%
15.0%€28.94€17.36n/a17
Dec ’25€19.84
€21.50
+8.4%
15.3%€28.41€17.05n/a17
Nov ’25€17.98
€20.83
+15.9%
15.6%€27.81€16.69n/a17
Oct ’25€16.70
€20.54
+23.0%
15.5%€27.07€16.24n/a17
Sep ’25€16.54
€20.90
+26.4%
15.3%€27.48€16.49n/a17
Aug ’25€18.24
€20.44
+12.0%
18.2%€27.58€15.63n/a17
Jul ’25€17.77
€21.09
+18.6%
20.5%€29.87€15.87n/a17
Jun ’25€13.29
€20.11
+51.3%
19.2%€29.50€15.67n/a19
May ’25€15.72
€23.91
+52.1%
16.0%€30.86€16.84n/a19
Apr ’25€16.59
€24.56
+48.1%
16.7%€33.21€18.45n/a19
Mar ’25€16.82
€24.59
+46.2%
16.9%€33.22€18.46n/a18
Feb ’25€20.64
€27.52
+33.4%
13.6%€35.01€21.19n/a19
Jan ’25€23.86
€27.06
+13.4%
16.4%€34.86€20.18n/a18
Dec ’24€22.20
€26.70
+20.3%
16.4%€34.72€20.10€19.8418
Nov ’24€18.50
€29.17
+57.7%
18.8%€41.54€22.66€17.9818
Oct ’24€21.62
€30.74
+42.2%
16.3%€41.20€24.35€16.7017
Sep ’24€21.54
€30.02
+39.4%
15.5%€40.46€24.83€16.5417
Aug ’24€23.59
€31.80
+34.8%
23.2%€50.62€23.50€18.2417
Jul ’24€21.69
€33.12
+52.7%
23.2%€51.53€24.84€17.7718
Jun ’24€23.20
€33.58
+44.7%
22.4%€51.83€24.99€13.2918
May ’24€26.50
€37.47
+41.4%
21.8%€59.25€28.26€15.7218
Apr ’24€26.27
€39.29
+49.6%
21.1%€60.96€29.07€16.5918
Mar ’24€28.55
€39.29
+37.6%
21.1%€60.96€29.07€16.8218
Feb ’24€32.23
€40.63
+26.1%
27.3%€73.59€30.36€20.6418
Jan ’24€27.29
€43.58
+59.7%
24.8%€74.88€29.95€23.8618
Dec ’23€33.33
€45.43
+36.3%
24.7%€77.42€30.97€22.2018

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 17:18
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PENN Entertainment, Inc. is covered by 52 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Felicia Kantor HendrixBarclays
Brandt MontourBarclays