company background image
CZR

Caesars Entertainment NasdaqGS:CZR Stock Report

Last Price

US$34.50

Market Cap

US$7.4b

7D

-16.9%

1Y

-69.6%

Updated

28 Sep, 2022

Data

Company Financials +
CZR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends0/6

CZR Stock Overview

Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States.

Caesars Entertainment Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Caesars Entertainment
Historical stock prices
Current Share PriceUS$34.50
52 Week HighUS$119.81
52 Week LowUS$32.60
Beta2.77
1 Month Change-21.84%
3 Month Change-9.92%
1 Year Change-69.58%
3 Year Change-13.40%
5 Year Change28.97%
Change since IPO693.10%

Recent News & Updates

Sep 26

Paysafe to enter Kansas online sports-betting market

Specialized payments platform Paysafe (NYSE:PSFE) is entering into Kansas online sports-betting market, going live this month with online and retail sports-betting. Kansas becomes the 23rd U.S. state or jurisdiction where Paysafe is set to have a presence, supporting operators with payments. In Kansas, Caesars Entertainment (NASDAQ:CZR), DraftKings (NASDAQ:DKNG) and PointsBet (OTCQX:PBTHF) have extended their payments partnerships with Paysafe. "We're delighted to continue our 2022 North American expansion by entering Kansas," Zak Cutler, president of global gaming at Paysafe, said. PSFE shares were trading +0.69% pre-market. CZR and DKNG shares were trading -0.37% and -0.87% pre-market. Source: Press Release

Aug 01
Caesars Entertainment (NASDAQ:CZR) Will Want To Turn Around Its Return Trends

Caesars Entertainment (NASDAQ:CZR) Will Want To Turn Around Its Return Trends

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

CZRUS HospitalityUS Market
7D-16.9%-2.1%-2.0%
1Y-69.6%-28.9%-20.3%

Return vs Industry: CZR underperformed the US Hospitality industry which returned -31.9% over the past year.

Return vs Market: CZR underperformed the US Market which returned -22.1% over the past year.

Price Volatility

Is CZR's price volatile compared to industry and market?
CZR volatility
CZR Average Weekly Movement9.7%
Hospitality Industry Average Movement7.2%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: CZR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CZR's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
193749,000Tom Reeghttps://www.caesars.com

Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services.

Caesars Entertainment Fundamentals Summary

How do Caesars Entertainment's earnings and revenue compare to its market cap?
CZR fundamental statistics
Market CapUS$7.40b
Earnings (TTM)-US$1.09b
Revenue (TTM)US$10.39b

0.7x

P/S Ratio

-6.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CZR income statement (TTM)
RevenueUS$10.39b
Cost of RevenueUS$5.53b
Gross ProfitUS$4.86b
Other ExpensesUS$5.95b
Earnings-US$1.09b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-5.07
Gross Margin46.76%
Net Profit Margin-10.47%
Debt/Equity Ratio370.2%

How did CZR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CZR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.1x
Enterprise Value/EBITDA12.9x
PEG Ration/a

Price to Sales Ratio vs Peers

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

CZR PS Ratio vs Peers
The above table shows the PS ratio for CZR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.7x
DKNG DraftKings
4.5x21.5%US$7.1b
CHDN Churchill Downs
4.1x24.3%US$7.0b
BYD Boyd Gaming
1.5x-1.7%US$5.2b
PENN PENN Entertainment
0.7x2.1%US$4.4b
CZR Caesars Entertainment
0.7x5.7%US$7.4b

Price-To-Sales vs Peers: CZR is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (2.7x).


Price to Earnings Ratio vs Industry

How does CZR's PE Ratio compare vs other companies in the US Hospitality Industry?

Price-To-Sales vs Industry: CZR is good value based on its Price-To-Sales Ratio (0.7x) compared to the US Hospitality industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is CZR'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.

CZR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio2.8x

Price-To-Sales vs Fair Ratio: CZR is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (2.8x).


Share Price vs Fair Value

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

Below Fair Value: CZR ($34.5) is trading below our estimate of fair value ($176.34)

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


Analyst Price Targets

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

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

Future Growth

How is Caesars Entertainment forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


67.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CZR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: CZR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CZR is expected to become profitable in the next 3 years.

Revenue vs Market: CZR's revenue (5.7% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: CZR's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CZR's Return on Equity is forecast to be low in 3 years time (15.9%).


Discover growth companies

Past Performance

How has Caesars Entertainment performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-62.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CZR is currently unprofitable.

Growing Profit Margin: CZR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CZR is unprofitable, and losses have increased over the past 5 years at a rate of 62.9% per year.

Accelerating Growth: Unable to compare CZR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CZR is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (36.2%).


Return on Equity

High ROE: CZR has a negative Return on Equity (-29.18%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Caesars Entertainment's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CZR's short term assets ($4.9B) exceed its short term liabilities ($4.9B).

Long Term Liabilities: CZR's short term assets ($4.9B) do not cover its long term liabilities ($28.1B).


Debt to Equity History and Analysis

Debt Level: CZR's net debt to equity ratio (343.4%) is considered high.

Reducing Debt: CZR's debt to equity ratio has increased from 269.8% to 370.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CZR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CZR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Discover healthy companies

Dividend

What is Caesars Entertainment current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.55%

Forecast Dividend Yield

Dividend Yield vs Market

Caesars Entertainment Dividend Yield vs Market
How does Caesars Entertainment dividend yield compare to the market?
SegmentDividend Yield
Company (Caesars Entertainment)n/a
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Hospitality)1.9%
Analyst forecast in 3 Years (Caesars Entertainment)1.6%

Notable Dividend: Unable to evaluate CZR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CZR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CZR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CZR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CZR has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Tom Reeg (50 yo)

8yrs

Tenure

US$22,576,517

Compensation

Mr. Thomas Robert Reeg, also known as Tom, CFA, has been the Chief Executive Officer of Caesars Entertainment, Inc. since January 1, 2019 and served as its Chief Financial Officer since March 15, 2016 unti...


CEO Compensation Analysis

Tom Reeg's Compensation vs Caesars Entertainment Earnings
How has Tom Reeg's remuneration changed compared to Caesars Entertainment's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$1b

Mar 31 2022n/an/a

-US$1b

Dec 31 2021US$23mUS$2m

-US$989m

Sep 30 2021n/an/a

-US$1b

Jun 30 2021n/an/a

-US$2b

Mar 31 2021n/an/a

-US$2b

Dec 31 2020US$14mUS$2m

-US$2b

Sep 30 2020n/an/a

-US$1b

Jun 30 2020n/an/a

-US$252m

Mar 31 2020n/an/a

-US$133m

Dec 31 2019US$9mUS$2m

US$81m

Sep 30 2019n/an/a

US$94m

Jun 30 2019n/an/a

US$95m

Mar 31 2019n/an/a

US$113m

Dec 31 2018US$7mUS$900k

US$95m

Sep 30 2018n/an/a

US$184m

Jun 30 2018n/an/a

US$176m

Mar 31 2018n/an/a

US$93m

Dec 31 2017US$8mUS$850k

US$73m

Sep 30 2017n/an/a

-US$15m

Jun 30 2017n/an/a

-US$35m

Mar 31 2017n/an/a

US$22m

Dec 31 2016US$2mUS$650k

US$25m

Sep 30 2016n/an/a

US$134m

Jun 30 2016n/an/a

US$130m

Mar 31 2016n/an/a

US$124m

Dec 31 2015US$2mUS$550k

US$114m

Compensation vs Market: Tom's total compensation ($USD22.58M) is above average for companies of similar size in the US market ($USD8.63M).

Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CZR's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: CZR's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqGS:CZR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
17 Jun 22BuyUS$42,229David TomickIndividual1,100US$38.39
16 Jun 22BuyUS$95,250Donald KornsteinIndividual2,500US$38.10
14 Jun 22BuyUS$197,419Donald KornsteinIndividual5,000US$39.60
08 Jun 22SellUS$140,140Frank FahrenkopfIndividual2,695US$52.00
06 May 22BuyUS$961,920Courtney MatherIndividual16,000US$60.12
17 Mar 22SellUS$59,936Sandra MorganIndividual756US$79.28
08 Mar 22BuyUS$713,755Thomas ReegIndividual10,000US$71.38

Ownership Breakdown

What is the ownership structure of CZR?
Owner TypeNumber of SharesOwnership Percentage
State or Government86,7870.04%
Individual Insiders910,3940.4%
Private Companies8,604,3254.0%
Institutions207,768,10895.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 78.11% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.44%
Capital Research and Management Company
35,251,683$1.2b-8.72%0.09%
10.3%
The Vanguard Group, Inc.
22,084,534$761.9m1.1%0.02%
8.55%
FMR LLC
18,339,488$632.7m11.99%0.06%
7.99%
BlackRock, Inc.
17,142,342$591.4m11.89%0.01%
5.19%
Janus Henderson Group plc
11,121,763$383.7m13.35%0.22%
4.12%
Point Break Capital Management LLC
8,825,632$304.5m-16.88%75.65%
4.01%
Recreational Enterprises, Inc.
8,604,325$296.8m0%no data
3.54%
State Street Global Advisors, Inc.
7,588,255$261.8m-4.13%0.01%
2.33%
HG Vora Capital Management, LLC
5,000,000$172.5m185.71%7.4%
1.96%
Geode Capital Management, LLC
4,209,944$145.2m2.1%0.02%
1.36%
Morgan Stanley, Investment Banking and Brokerage Investments
2,911,315$100.4m78.99%0.02%
1.18%
Samlyn Capital, LLC
2,525,865$87.1m81.58%1.76%
1.08%
Frontier Capital Management Co LLC
2,317,639$80.0m-14.21%0.82%
1.05%
Invesco Ltd.
2,251,589$77.7m-25.37%0.03%
1.05%
Atreides Management, LP
2,245,449$77.5m94.58%3.27%
1.01%
Lord, Abbett & Co. LLC
2,160,365$74.5m23.17%0.28%
0.98%
XN LP
2,107,228$72.7m56.62%7.61%
0.89%
Norges Bank Investment Management
1,906,540$65.8m0%0.01%
0.89%
Northern Trust Global Investments
1,897,810$65.5m-2.79%0.01%
0.83%
Invesco Capital Management LLC
1,786,067$61.6m38.1%0.05%
0.79%
Charles Schwab Investment Management, Inc.
1,704,449$58.8m4.01%0.02%
0.78%
Davenport Asset Management
1,680,171$58.0m67.26%0.51%
0.64%
Cohen & Steers Capital Management, Inc.
1,372,944$47.4m-7.18%0.1%
0.58%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
1,233,015$42.5m-56.02%0.01%
0.57%
Legal & General Investment Management Limited
1,214,869$41.9m2.12%0.01%

Company Information

Caesars Entertainment, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Caesars Entertainment, Inc.
  • Ticker: CZR
  • Exchange: NasdaqGS
  • Founded: 1937
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Implied Market Cap: US$7.397b
  • Shares outstanding: 214.42m
  • Website: https://www.caesars.com

Number of Employees


Location

  • Caesars Entertainment, Inc.
  • 100 West Liberty Street
  • 12th Floor
  • Reno
  • Nevada
  • 89501
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0A78LSE (London Stock Exchange)YesNew Common StockGBUSDSep 2014
CZRNasdaqGS (Nasdaq Global Select)YesNew Common StockUSUSDSep 2014
2EREDB (Deutsche Boerse AG)YesNew Common StockDEEURSep 2014
CZR1 *BMV (Bolsa Mexicana de Valores)YesNew Common StockMXMXNSep 2014
C2ZR34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 10 REPR 1 COMBRBRLApr 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.