Golden Entertainment
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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.
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GDEN Share Price and Events
7 Day Returns
1 Year Returns
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.
GDEN Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Golden Entertainment.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess Golden Entertainment's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Golden Entertainment's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Golden Entertainment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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.
Past performance checks
We assess Golden Entertainment's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Golden Entertainment Company Filings, last reported 3 months ago.
| 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.
Financial health checks
We assess Golden Entertainment's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Golden Entertainment has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Golden Entertainment
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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.
Income/ dividend checks
We assess Golden Entertainment's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Golden Entertainment management team is about average.
Management Team
Blake Sartini
Chairman of the Board
$4M
60
4 yrs
Charles Protell
Executive VP
$2M
45
2.7 yrs
Steve Arcana
Executive VP & COO
$2M
54
4 yrs
Sean Higgins
Executive VP of Compliance & Government Affairs
$1M
55
2.8 yrs
Lyle Berman
Director
$360K
77
Blake Sartini
Senior Vice President of Distributed Gaming
$983K
34
4 yrs
Tom Haas
Senior Vice President of Accounting
58
1.3 yrs
Gary Vecchiarelli
Senior Vice President of Finance
41
Terry Contreras
Chief Financial Officer of Red Hawk Casino
56
9.3 yrs
Board of Directors Tenure
Average tenure and age of the Golden Entertainment board of directors in years:
- The tenure for the Golden Entertainment board of directors is about average.
Board of Directors
Blake Sartini
Chairman of the Board
$4M
60
4 yrs
Lyle Berman
Director
$360K
77
21.5 yrs
Mark Lipparelli
Independent Director
$271K
54
4 yrs
Bob Miodunski
Independent Director
$253K
68
4 yrs
Terry Wright
Independent Director
$262K
69
4 yrs
Ann Dozier
Director
51
0.1 yrs
Anthony Marnell
Director
45
0.1 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Golden Entertainment individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Golden Entertainment's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleDoes 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 - – Full articleDoes 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 - – Full articleIs 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 - – Full articleThe 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 - – Full articleHow 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 - – Full articleDoes 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 - – Full articleIs 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 - – Full articleNeed 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 - – Full articleAn 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 - – Full articleGDEN 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
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.
