Loading...

Golden Entertainment

Nasdaq:GDEN
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GDEN
Nasdaq
$391M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Golden Entertainment, Inc., together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The last earnings update was 75 days ago. More info.


Add to Portfolio Compare Print
GDEN Share Price and Events
7 Day Returns
-2.3%
NasdaqGM:GDEN
-2.1%
US Hospitality
-0.9%
US Market
1 Year Returns
-56.9%
NasdaqGM:GDEN
-5.2%
US Hospitality
3.8%
US Market
GDEN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Golden Entertainment (GDEN) -2.3% 5.5% -10.4% -56.9% 2.9% 61.1%
US Hospitality -2.1% 1.4% -2.8% -5.2% 40.6% 19.7%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • GDEN underperformed the Hospitality industry which returned -5.2% over the past year.
  • GDEN underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
GDEN
Industry
5yr Volatility vs Market

GDEN Value

 Is Golden 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 Golden 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 Golden Entertainment.

NasdaqGM:GDEN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGM:GDEN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
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))
= 0.921 (1 + (1- 21%) (330.78%))
2.559
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)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NasdaqGM:GDEN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Golden 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.

NasdaqGM:GDEN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2020 72.75 Analyst x2 63.45
2021 78.40 Analyst x1 59.64
2022 83.15 Est @ 6.06% 55.17
2023 87.35 Est @ 5.06% 50.56
2024 91.16 Est @ 4.36% 46.02
2025 94.69 Est @ 3.87% 41.69
2026 98.03 Est @ 3.53% 37.65
2027 101.26 Est @ 3.29% 33.92
2028 104.42 Est @ 3.12% 30.51
2029 107.55 Est @ 3% 27.41
Present value of next 10 years cash flows $446.02
NasdaqGM:GDEN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $107.55 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$926.92
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $926.92 ÷ (1 + 14.65%)10
$236.21
NasdaqGM:GDEN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $446.02 + $236.21
$682.23
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $682.23 / 27.75
$24.58
NasdaqGM:GDEN Discount to Share Price
Calculation Result
Value per share (USD) From above. $24.58
Current discount Discount to share price of $14.27
= -1 x ($14.27 - $24.58) / $24.58
42%

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

Current Discount
Amount off the current price Golden Entertainment is available for.
Intrinsic value
42%
Share price is $14.27 vs Future cash flow value of $24.58
Current Discount Checks
For Golden Entertainment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Golden Entertainment's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Golden Entertainment's share price is below the future cash flow value, and 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 Golden Entertainment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Golden Entertainment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:GDEN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-1.19
NasdaqGM:GDEN Share Price ** NasdaqGM (2019-07-23) in USD $14.27
United States of America Hospitality Industry PE Ratio Median Figure of 74 Publicly-Listed Hospitality Companies 22.73x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

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

** Primary Listing of Golden Entertainment.

NasdaqGM:GDEN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:GDEN Share Price ÷ EPS (both in USD)

= 14.27 ÷ -1.19

-12.01x

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

  • Golden Entertainment is loss making, we can't compare its value to the US Hospitality industry average.
  • Golden Entertainment is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Golden Entertainment's expected growth come at a high price?
Raw Data
NasdaqGM:GDEN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -12.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
98.9%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 56 Publicly-Listed Hospitality Companies 1.88x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Golden Entertainment, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Golden Entertainment's assets?
Raw Data
NasdaqGM:GDEN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $11.37
NasdaqGM:GDEN Share Price * NasdaqGM (2019-07-23) in USD $14.27
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.24x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
NasdaqGM:GDEN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:GDEN Share Price ÷ Book Value per Share (both in USD)

= 14.27 ÷ 11.37

1.26x

* Primary Listing of Golden Entertainment.

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

  • Golden Entertainment is good value based on assets compared to the US Hospitality industry average.
X
Value checks
We assess Golden 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. Golden Entertainment has a total score of 3/6, 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.

GDEN Future Performance

 How is Golden Entertainment expected to perform in the next 1 to 3 years based on estimates from 5 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
98.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Golden Entertainment expected to grow at an attractive rate?
  • Golden Entertainment's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Golden Entertainment's earnings growth is expected to exceed the United States of America market average.
  • Golden Entertainment's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:GDEN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:GDEN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 98.9%
NasdaqGM:GDEN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.9%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqGM:GDEN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:GDEN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,038 21 2
2020-12-31 991 129 13 5
2019-12-31 958 111 -11 5
NasdaqGM:GDEN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 877 95 -33
2018-12-31 852 98 -21
2018-09-30 825 63 -9
2018-06-30 723 52 3
2018-03-31 616 41 1
2017-12-31 507 22 2
2017-09-30 429 41 26
2017-06-30 425 47 18
2017-03-31 418 37 19
2016-12-31 400 37 16
2016-09-30 384 38 30
2016-06-30 343 28 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Golden Entertainment's earnings are expected to grow significantly at over 20% yearly.
  • Golden Entertainment's revenue is expected to grow by 4.9% 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
NasdaqGM:GDEN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

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

NasdaqGM:GDEN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.78 0.80 0.76 2.00
2020-12-31 0.50 0.96 0.22 5.00
2019-12-31 -0.41 -0.20 -0.60 3.00
NasdaqGM:GDEN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -1.19
2018-12-31 -0.76
2018-09-30 -0.34
2018-06-30 0.10
2018-03-31 0.03
2017-12-31 0.09
2017-09-30 1.15
2017-06-30 0.82
2017-03-31 0.87
2016-12-31 0.74
2016-09-30 1.35
2016-06-30 1.48

*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.
  • Golden Entertainment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Golden 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Golden 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.

GDEN Past Performance

  How has Golden 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 Golden 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.
  • Golden Entertainment does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Golden Entertainment's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Golden Entertainment's 1-year growth to the US Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Golden 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 Golden Entertainment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:GDEN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 876.90 -32.86 199.63
2018-12-31 851.79 -20.91 185.06
2018-09-30 825.38 -9.13 216.58
2018-06-30 722.70 2.55 188.80
2018-03-31 616.04 0.67 128.71
2017-12-31 507.14 2.08 100.01
2017-09-30 428.81 25.57 76.12
2017-06-30 425.38 18.32 74.82
2017-03-31 418.05 19.40 107.47
2016-12-31 400.00 16.30 68.79
2016-09-30 384.25 29.75 68.42
2016-06-30 342.54 31.46 62.27
2016-03-31 255.31 28.48 50.43
2015-12-31 177.04 24.52 39.13
2015-09-30 103.43 1.06 27.84
2015-06-28 56.85 -25.04 21.03
2015-03-29 55.63 -24.80 21.36
2014-12-28 55.17 -24.85 22.08
2014-09-28 53.79 -25.65 22.49
2014-06-29 53.35 17.03 22.43
2014-03-30 47.80 17.22 22.51
2013-12-29 38.79 18.65 19.33
2013-09-29 30.18 21.48 18.08
2013-06-30 18.32 0.89 15.53
2013-03-31 12.29 1.07 11.92
2012-12-30 10.95 3.22 10.19
2012-09-30 9.39 -11.42 9.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Golden Entertainment has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Golden Entertainment used its assets less efficiently than the US Hospitality industry average last year based on Return on Assets.
  • It is difficult to establish if Golden Entertainment improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Golden 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.
Golden Entertainment 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.

GDEN Health

 How is Golden 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 Golden Entertainment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Golden Entertainment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Golden Entertainment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Golden 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 Golden Entertainment Company Filings, last reported 3 months ago.

NasdaqGM:GDEN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 315.32 1,107.32 108.26
2018-12-31 315.15 963.92 116.07
2018-09-30 357.44 969.33 132.37
2018-06-30 356.79 970.38 140.33
2018-03-31 351.30 971.54 133.69
2017-12-31 319.91 972.96 90.58
2017-09-30 230.56 172.82 42.91
2017-06-30 220.38 176.79 49.81
2017-03-31 216.35 178.78 45.17
2016-12-31 209.43 183.44 46.90
2016-09-30 198.08 181.56 39.96
2016-06-30 195.05 183.23 61.71
2016-03-31 214.52 158.78 66.45
2015-12-31 210.49 146.10 69.18
2015-09-30 184.50 146.37 43.16
2015-06-28 105.85 9.63 83.05
2015-03-29 105.97 9.95 80.11
2014-12-28 107.62 10.31 82.05
2014-09-28 107.64 10.65 80.68
2014-06-29 130.65 10.97 83.61
2014-03-30 130.38 11.27 85.07
2013-12-29 132.08 11.57 87.00
2013-09-29 132.20 13.70 90.88
2013-06-30 112.37 11.29 26.75
2013-03-31 111.97 0.00 23.37
2012-12-30 112.18 0.00 32.48
2012-09-30 110.12 0.00 28.79
  • Golden Entertainment's level of debt (353.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.6% vs 353.6% today).
  • Debt is not well covered by operating cash flow (8.5%, less than 20% of total debt).
  • Golden Entertainment is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Golden 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. Golden Entertainment has a total score of 1/6, 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.

GDEN Dividends

 What is Golden 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 Golden Entertainment dividends. Estimated to be 0% next year.
If you bought $2,000 of Golden 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 Golden Entertainment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Golden 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
NasdaqGM:GDEN 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 5 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 47 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

NasdaqGM:GDEN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

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

GDEN Management

 What is the CEO of Golden 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
Blake Sartini
COMPENSATION $3,799,863
AGE 60
TENURE AS CEO 4 years
CEO Bio

Mr. Blake L. Sartini, Sr., has been Chairman, Chief Executive Officer and President of Golden Entertainment, Inc. (Formerly Lakes Entertainment Inc.) since July 29, 2015. Mr. Sartini serves as Director of Golden Entertainment, Inc. since 2015. Mr. Sartini Founded Golden Gaming, LLC (Formerly Golden Gaming, Inc.) in October 2001 and served as its Chairman, Chief Executive Officer and President January 2012. He was Founder, Chairman and Chief Executive Officer of Sartini Enterprises, Inc., a family investment company established in 2006. He served as Chief Operating Officer of Station Casinos, Inc. from March 1997 to September 2001 and served as Executive Vice President of Station Casinos, Inc. from February 1994 to September 30, 2001. From February 1994 to March 1997 he also served as President-Nevada Operations for Station Casinos Inc. He founded Service1st Bank of Nevada. He served as Vice President of Gaming Operations for Station Casinos Inc. from 1991 to 1993. From 1985 to 1993, Mr. Sartini held various management positions with Palace Station Hotel & Casino and Southwest Services. He co-founded Southwest Services in 1985 and co-founder of Southwest Gaming in 1990. In 1986, Mr. Sartini founded Southwest Services, Inc. (the predecessor to Golden Gaming) and served as its President beginning in 1993. Before joining Station Casinos, he held key operational positions with the El Cortez Hotel and Casino, as well as the Barbary Coast Hotel and Casino. Mr. Sartini is a member of the University of Nevada, Las Vegas Foundation’s Board of Trustees. He has over 24 years of experience in the local hotel and casino industry. He serves as a Director of Golden Gaming Inc. He served as a Director of Station Casinos LLC from 1993 to December 1, 2004. He served as a Director of Service1st Bank of Nevada since it opened in January 2007. He served as a Director of Western Liberty BanCorp. from October 2010 to February 14, 2011. Mr. Sartini earned his Bachelor of Arts degree in business administration from the University of Nevada Las Vegas.

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

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

4
Average Tenure
55
Average Age
  • The tenure for the Golden Entertainment management team is about average.
Management Team

Blake Sartini

TITLE
Chairman of the Board
COMPENSATION
$4M
AGE
60
TENURE
4 yrs

Charles Protell

TITLE
Executive VP
COMPENSATION
$2M
AGE
45
TENURE
2.7 yrs

Steve Arcana

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
54
TENURE
4 yrs

Sean Higgins

TITLE
Executive VP of Compliance & Government Affairs
COMPENSATION
$1M
AGE
55
TENURE
2.8 yrs

Lyle Berman

TITLE
Director
COMPENSATION
$360K
AGE
77

Blake Sartini

TITLE
Senior Vice President of Distributed Gaming
COMPENSATION
$983K
AGE
34
TENURE
4 yrs

Tom Haas

TITLE
Senior Vice President of Accounting
AGE
58
TENURE
1.3 yrs

Gary Vecchiarelli

TITLE
Senior Vice President of Finance
AGE
41

Terry Contreras

TITLE
Chief Financial Officer of Red Hawk Casino
AGE
56
TENURE
9.3 yrs
Board of Directors Tenure

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

4
Average Tenure
60
Average Age
  • The tenure for the Golden Entertainment board of directors is about average.
Board of Directors

Blake Sartini

TITLE
Chairman of the Board
COMPENSATION
$4M
AGE
60
TENURE
4 yrs

Lyle Berman

TITLE
Director
COMPENSATION
$360K
AGE
77
TENURE
21.5 yrs

Mark Lipparelli

TITLE
Independent Director
COMPENSATION
$271K
AGE
54
TENURE
4 yrs

Bob Miodunski

TITLE
Independent Director
COMPENSATION
$253K
AGE
68
TENURE
4 yrs

Terry Wright

TITLE
Independent Director
COMPENSATION
$262K
AGE
69
TENURE
4 yrs

Ann Dozier

TITLE
Director
AGE
51
TENURE
0.1 yrs

Anthony Marnell

TITLE
Director
AGE
45
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Golden Entertainment individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Jun 19 Buy Anthony Marnell Individual 12. Jun 19 12. Jun 19 6,800 $13.33 $90,644
12. Jun 19 Buy Blake Sartini Individual 12. Jun 19 12. Jun 19 10,000 $13.87 $138,700
11. Jun 19 Buy Anthony Marnell Individual 07. Jun 19 07. Jun 19 10,000 $13.50 $135,000
04. Jun 19 Buy Thomas Haas Individual 31. May 19 31. May 19 1,000 $12.91 $12,910
20. Nov 18 Buy Thomas Haas Individual 19. Nov 18 19. Nov 18 1,000 $15.00 $15,000
16. Nov 18 Buy Thomas Haas Individual 14. Nov 18 14. Nov 18 2,200 $15.03 $33,066
13. Nov 18 Buy Charles Protell Individual 13. Nov 18 13. Nov 18 13,340 $13.90 $185,426
13. Sep 18 Sell Lyle Berman Individual 12. Sep 18 12. Sep 18 -141,685 $24.50 $-3,471,283
X
Management checks
We assess Golden 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. Golden 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.

GDEN News

Simply Wall St News

Have Insiders Been Selling Golden Entertainment, Inc. (NASDAQ:GDEN) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Golden Entertainment, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for Golden Entertainment Golden Entertainment Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the Director, Lyle Berman, sold US$3.5m worth of shares at a price of US$24.50 per share. … NasdaqGM:GDEN Recent Insider Trading, July 9th 2019 Insiders at Golden Entertainment Have Bought Stock Recently It's good to see that Golden Entertainment insiders have made notable investments in the company's shares.

Simply Wall St -

Does Golden Entertainment, Inc.'s (NASDAQ:GDEN) CEO Salary Reflect Performance?

View our latest analysis for Golden Entertainment How Does Blake Sartini's Compensation Compare With Similar Sized Companies? … We compared total CEO remuneration at Golden Entertainment, Inc. … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Golden Entertainment.

Simply Wall St -

Does Golden Entertainment, Inc. (NASDAQ:GDEN) Have A Particularly Volatile Share Price?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … View our latest analysis for Golden Entertainment What we can learn from GDEN's beta value Given that it has a beta of 1.2, we can surmise that the Golden Entertainment share price has been fairly sensitive to market volatility (over the last 5 years). … What this means for you: Since Golden Entertainment tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

Is Golden Entertainment, Inc. (NASDAQ:GDEN) Potentially Undervalued?

Let’s take a look at Golden Entertainment’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … Great news for investors – Golden Entertainment is still trading at a fairly cheap price. … This is because Golden Entertainment’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market.

Simply Wall St -

The Golden Entertainment (NASDAQ:GDEN) Share Price Is Up 61% And Shareholders Are Holding On

(NASDAQ:GDEN) shareholders, since the share price has fallen 19% in that time. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Over half a decade, Golden Entertainment managed to grow its earnings per share at 3.1% a year.

Simply Wall St -

How Much Are Golden Entertainment, Inc. (NASDAQ:GDEN) Insiders Taking Off The Table?

Golden Entertainment Insider Transactions Over The Last Year. … Although we don't gain confidence from insider selling, we note that this large sale was at well above current price of US$17.54. … In total, Golden Entertainment insiders sold more than they bought over the last year

Simply Wall St -

Does Golden Entertainment, Inc.'s (NASDAQ:GDEN) CEO Pay Matter?

Blake Sartini has been the CEO of Golden Entertainment, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Blake Sartini's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is There Now An Opportunity In Golden Entertainment, Inc. (NASDAQ:GDEN)?

saw a significant share price rise of over 20% in the past couple of months on the NASDAQGM. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine Golden Entertainment’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Need To Know: Golden Entertainment Inc (NASDAQ:GDEN) Insiders Have Been Selling Shares

So before you buy or sell Golden Entertainment Inc (NASDAQ:GDEN), you may well want to know whether insiders have been buying or selling. … Golden Entertainment Insider Transactions Over The Last Year. … In the last twelve months, the biggest single sale by an insider was when Director Lyle Berman sold US$20m worth of shares at a price of US$26.64 per share.

Simply Wall St -

An Intrinsic Calculation For Golden Entertainment Inc (NASDAQ:GDEN) Shows It's 42.04% Undervalued

by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

GDEN Company Info

Description

Golden Entertainment, Inc., together with its subsidiaries, focuses on distributed gaming, and resort casino operations in the United States. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in restaurants, bars, and taverns, as well as convenience, liquor, and grocery stores in Nevada and Montana; and operation of branded taverns targeting local patrons primarily in the greater Las Vegas, Nevada metropolitan area. The Casinos segment owns and operates 10 resort casino properties, including The Stratosphere that offers 2,429 hotel rooms, 686 slots, 48 table games, a race and sports book, 11 restaurants, 2 rooftop pools, a fitness center, and retail shops and entertainment facilities; Arizona Charlie’s Decatur with 259 hotel rooms, 1,032 slots, 7 table games, race and sports books, 5 restaurants, and a 400 seat bingo parlor; and Arizona Charlie’s Boulder with 303 hotel rooms, 823 slots, 7 table games, race and sports books, 4 restaurants, and a 450-seat bingo parlor, as well as recreational vehicle park (RV) with 220 RV hook-up sites in Las Vegas, Nevada. This segments also operates the Aquarius with 1,906 hotel rooms, 1,217 slots, 33 table games, and 8 restaurants in Laughlin, Nevada; Pahrump casinos with 399 slots, 10 table games, a race and sports book, a 200-seat bingo facility, and a bowling center, as well as 69 hotel rooms; Gold Town Casino with 224 slots and a 100-seat bingo facility; and Lakeside Casino & RV Park with 173 slots and 160 RV hook-up sites in Pahrump, Nevada; and Rocky Gap with 665 slots, 17 table games, 2 casino bars, 3 restaurants, a spa, and the Jack Nicklaus signature golf course, as well as 198 hotel rooms, and an event and conference center in Flintstone, Maryland. The company was formerly known as Lakes Entertainment, Inc. and changed its name to Golden Entertainment, Inc. in July 2015. The company was founded in 1998 and is headquartered in Las Vegas, Nevada.

Details
Name: Golden Entertainment, Inc.
GDEN
Exchange: NasdaqGM
Founded: 1998
$391,006,066
27,750,608
Website: http://www.goldenent.com
Address: Golden Entertainment, Inc.
6595 South Jones Boulevard,
Las Vegas,
Nevada, 89118,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM GDEN Common Stock Nasdaq Global Market US USD 04. Jan 1999
DB GE6 Common Stock Deutsche Boerse AG DE EUR 04. Jan 1999
LSE 0A10 Common Stock London Stock Exchange GB EUR 04. Jan 1999
Number of employees
Current staff
Staff numbers
6,940
Golden Entertainment employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 01:18
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/16
Last earnings filing: 2019/05/10
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.