| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
GDEN Stock Overview
Golden Entertainment, Inc., together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States.
Golden Entertainment Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$41.70 |
| 52 Week High | US$59.96 |
| 52 Week Low | US$39.27 |
| Beta | 2.59 |
| 1 Month Change | -12.16% |
| 3 Month Change | -28.05% |
| 1 Year Change | -3.78% |
| 3 Year Change | 202.61% |
| 5 Year Change | 95.78% |
| Change since IPO | 397.91% |
Recent News & Updates
An Intrinsic Calculation For Golden Entertainment, Inc. (NASDAQ:GDEN) Suggests It's 43% Undervalued
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Golden Entertainment...
Shareholder Returns
| GDEN | US Hospitality | US Market | |
|---|---|---|---|
| 7D | 1.0% | 4.0% | 6.3% |
| 1Y | -3.8% | -29.2% | -18.8% |
Return vs Industry: GDEN exceeded the US Hospitality industry which returned -30.2% over the past year.
Return vs Market: GDEN exceeded the US Market which returned -18.4% over the past year.
Price Volatility
| GDEN volatility | |
|---|---|
| GDEN Average Weekly Movement | 8.2% |
| Hospitality Industry Average Movement | 9.2% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: GDEN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: GDEN's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 6,300 | Blake Sartini | https://www.goldenent.com |
Golden Entertainment, Inc., together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. The Nevada Casino Resorts segment comprises of destination casino resort properties that include various food and beverage outlets, entertainment venues, and other amenities.
Golden Entertainment Fundamentals Summary
| GDEN fundamental statistics | |
|---|---|
| Market Cap | US$1.21b |
| Earnings (TTM) | US$187.22m |
| Revenue (TTM) | US$1.13b |
6.5x
P/E Ratio1.1x
P/S RatioIs GDEN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GDEN income statement (TTM) | |
|---|---|
| Revenue | US$1.13b |
| Cost of Revenue | US$621.68m |
| Gross Profit | US$508.81m |
| Other Expenses | US$321.59m |
| Earnings | US$187.22m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 6.46 |
| Gross Margin | 45.01% |
| Net Profit Margin | 16.56% |
| Debt/Equity Ratio | 295.4% |
How did GDEN perform over the long term?
See historical performance and comparisonValuation
Is GDEN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GDEN?
Other financial metrics that can be useful for relative valuation.
| What is GDEN's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$1.21b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.9x |
| Enterprise Value/EBITDA | 7.8x |
| PEG Ratio | -4.2x |
Price to Earnings Ratio vs Peers
How does GDEN's PE Ratio compare to its peers?
| GDEN PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 25.9x | ||
EVRI Everi Holdings | 9.5x | 8.7% | US$1.6b |
MCRI Monarch Casino & Resort | 14.3x | 10.2% | US$1.1b |
ACEL Accel Entertainment | 22.1x | 39.3% | US$1.0b |
SGHC Super Group (SGHC) | 57.5x | 43.2% | US$2.1b |
GDEN Golden Entertainment | 6.5x | -1.5% | US$1.2b |
Price-To-Earnings vs Peers: GDEN is good value based on its Price-To-Earnings Ratio (6.5x) compared to the peer average (25.9x).
Price to Earnings Ratio vs Industry
How does GDEN's PE Ratio compare vs other companies in the US Hospitality Industry?
Price-To-Earnings vs Industry: GDEN is good value based on its Price-To-Earnings Ratio (6.5x) compared to the US Hospitality industry average (16.9x)
Price to Earnings Ratio vs Fair Ratio
What is GDEN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 6.5x |
| Fair PE Ratio | 15.8x |
Price-To-Earnings vs Fair Ratio: GDEN is good value based on its Price-To-Earnings Ratio (6.5x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).
Share Price vs Fair Value
What is the Fair Price of GDEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GDEN ($41.7) is trading below our estimate of fair value ($95.63)
Significantly Below Fair Value: GDEN is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: GDEN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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Future Growth
How is Golden Entertainment forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-1.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GDEN's earnings are forecast to decline over the next 3 years (-1.5% per year).
Earnings vs Market: GDEN's earnings are forecast to decline over the next 3 years (-1.5% per year).
High Growth Earnings: GDEN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GDEN's revenue (2.5% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: GDEN's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GDEN's Return on Equity is forecast to be very high in 3 years time (52.4%).
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Past Performance
How has Golden Entertainment performed over the past 5 years?
Past Performance Score
2/6Past Performance Score 2/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
17.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GDEN has a large one-off gain of $57.8M impacting its March 31 2022 financial results.
Growing Profit Margin: GDEN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GDEN has become profitable over the past 5 years, growing earnings by 17.7% per year.
Accelerating Growth: GDEN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GDEN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (119.6%).
Return on Equity
High ROE: Whilst GDEN's Return on Equity (56.18%) is outstanding, this metric is skewed due to their high level of debt.
Discover strong past performing companies
Financial Health
How is Golden Entertainment's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: GDEN's short term assets ($257.7M) exceed its short term liabilities ($134.7M).
Long Term Liabilities: GDEN's short term assets ($257.7M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: GDEN's net debt to equity ratio (234.7%) is considered high.
Reducing Debt: GDEN's debt to equity ratio has increased from 82.6% to 295.4% over the past 5 years.
Debt Coverage: GDEN's debt is well covered by operating cash flow (29.2%).
Interest Coverage: GDEN's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
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Dividend
What is Golden Entertainment current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GDEN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GDEN'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 GDEN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GDEN'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 GDEN has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
6.9yrs
Average management tenure
CEO
Blake Sartini (62 yo)
6.92yrs
Tenure
US$8,781,384
Compensation
Mr. Blake L. Sartini, Sr., has been Chairman and Chief Executive Officer of Golden Entertainment, Inc. (Formerly Lakes Entertainment Inc.) since July 29, 2015. Mr. Sartini was the President of Golden Enter...
CEO Compensation Analysis
Compensation vs Market: Blake's total compensation ($USD8.78M) is above average for companies of similar size in the US market ($USD5.46M).
Compensation vs Earnings: Blake's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: GDEN's management team is seasoned and experienced (6.9 years average tenure).
Board Members
Experienced Board: GDEN's board of directors are considered experienced (5 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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Golden Entertainment, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Golden Entertainment, Inc.
- Ticker: GDEN
- Exchange: NasdaqGM
- Founded: 1998
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Implied Market Cap: US$1.208b
- Shares outstanding: 28.98m
- Website: https://www.goldenent.com
Number of Employees
Location
- Golden Entertainment, Inc.
- 6595 South Jones Boulevard
- Las Vegas
- Nevada
- 89118
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/27 00:00 |
| End of Day Share Price | 2022/06/27 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.