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HOFV

Hall of Fame Resort & EntertainmentNasdaqCM:HOFV Stock Report

Market Cap

US$286.9m

7D

-2.6%

1Y

18.4%

Updated

25 Sep, 2021

Data

Company Financials +
HOFV fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health1/6
Dividends0/6

HOFV Overview

Hall of Fame Resort & Entertainment Company, a resort and entertainment company, doing business as the Pro Football Hall of Fame.

Price History & Performance

Summary of all time highs, changes and price drops for Hall of Fame Resort & Entertainment
Historical stock prices
Current Share PriceUS$3.02
52 Week HighUS$1.09
52 Week LowUS$7.64
Beta0
1 Month Change-1.31%
3 Month Change-33.04%
1 Year Change18.43%
3 Year Changen/a
5 Year Changen/a
Change since IPO-67.51%

Recent News & Updates

Jun 30

Hall Of Fame Resort And Entertainment: Not The Disney World Of Football, Merely A Midwestern Mirage

HOFV is attempting to build the "Disney World of Football" in Canton, Ohio next door to the Pro Football Hall of Fame, highlighted by an indoor waterpark. HOFV shares have risen 160% this year as the company touted an NFT as well as passive, uneconomic buying as the company is being added to the Russell 2000. HOFV partnered with the PR firm for the Fyre Festival to release the NFT, and the offering was an unmitigated disaster. Only 1 of the 101 NFTs released sold. HOFV investments in physical assets have gone just as poorly, the first $250 million in investments generated just $1.6 million in revenue between 2019 and 2020, despite the assets being completed since 2017. HOFV is currently seeking a $200 million private construction loan to build Phase II of the project. When HOFV needed to raise $25 million last November, shares fell 60% when they diluted shareholders by just as much.

Jun 08

Transcripts From Exclusive Meeting With Michael Crawford, CEO, Hall Of Fame Resort & Entertainment Company

In the final week of May, we had a one-on-one session with Michael Crawford, CEO, President and Chairman of HOFV. We had quality discussions around various topics. We discussed the CEO’s outlook for the events business, the status of implementing the business plan, the status of NFTs, the Hall of Fantasy League, and Sports betting. Other topics discussed include monetization of media assets, the sponsorship and partnership pipeline, capital resources and capital raising, the firm's investor profile, and stock performance. We quote the CEO verbatim in this article as our aim is to relay to the reader what the CEO said, rather than what "we think about" what he said. We maintain our bullish view of the company and feel the key moments for investors to watch include the approval of the construction loan, the Hall of Fantasy League’s performance in its first year and the potential for legalization of Sports betting in Ohio.

Shareholder Returns

HOFVUS HospitalityUS Market
7D-2.6%4.2%0.1%
1Y18.4%38.5%35.3%

Return vs Industry: HOFV underperformed the US Hospitality industry which returned 38.5% over the past year.

Return vs Market: HOFV underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is HOFV's price volatile compared to industry and market?
HOFV volatility
HOFV Beta0
Industry Beta1.72
Market Beta1

Stable Share Price: HOFV is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: HOFV's weekly volatility has decreased from 23% to 11% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
201530Mike Crawfordhttps://www.hofreco.com

Hall of Fame Resort & Entertainment Company, a resort and entertainment company, doing business as the Pro Football Hall of Fame. It owns the premier sports, entertainment, and media enterprise surrounding the Pro Football Hall of Fame in Canton, Ohio. The company was founded in 2015 and is headquartered in Canton, Ohio.

Hall of Fame Resort & Entertainment Fundamentals Summary

How do Hall of Fame Resort & Entertainment's earnings and revenue compare to its market cap?
HOFV fundamental statistics
Market CapUS$286.88m
Earnings (TTM)-US$133.26m
Revenue (TTM)US$7.71m

37.2x

P/S Ratio

-2.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HOFV income statement (TTM)
RevenueUS$7.71m
Cost of RevenueUS$31.58m
Gross Profit-US$23.87m
ExpensesUS$109.39m
Earnings-US$133.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.40
Gross Margin-309.59%
Net Profit Margin-1,728.14%
Debt/Equity Ratio57.2%

How did HOFV perform over the long term?

See historical performance and comparison

Valuation

Is Hall of Fame Resort & Entertainment undervalued compared to its fair value and its price relative to the market?

1.58x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HOFV's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HOFV's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HOFV is unprofitable, so we can't compare its PE Ratio to the US Hospitality industry average.

PE vs Market: HOFV is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HOFV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HOFV is good value based on its PB Ratio (1.6x) compared to the US Hospitality industry average (3.5x).


Future Growth

How is Hall of Fame Resort & Entertainment forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

63.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HOFV is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: HOFV is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: HOFV is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: HOFV's revenue (42.4% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: HOFV's revenue (42.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HOFV's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Hall of Fame Resort & Entertainment performed over the past 5 years?

-48.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HOFV is currently unprofitable.

Growing Profit Margin: HOFV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HOFV is unprofitable, and losses have increased over the past 5 years at a rate of 48.5% per year.

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

Earnings vs Industry: HOFV is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (80.8%).


Return on Equity

High ROE: HOFV has a negative Return on Equity (-73.77%), as it is currently unprofitable.


Financial Health

How is Hall of Fame Resort & Entertainment's financial position?


Financial Position Analysis

Short Term Liabilities: HOFV's short term assets ($83.5M) exceed its short term liabilities ($73.8M).

Long Term Liabilities: HOFV's short term assets ($83.5M) do not cover its long term liabilities ($105.5M).


Debt to Equity History and Analysis

Debt Level: HOFV's debt to equity ratio (57.2%) is considered high.

Reducing Debt: Insufficient data to determine if HOFV's debt to equity ratio has reduced 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: HOFV has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: HOFV has less than a year of cash runway if free cash flow continues to grow at historical rates of 6.2% each year.


Dividend

What is Hall of Fame Resort & Entertainment current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate HOFV'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 HOFV's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HOFV's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Mike Crawford (53 yo)

no data

Tenure

US$8,466,542

Compensation

Mr. Michael Anthony Crawford, also known as Mike, serves as Independent Director of Texas Roadhouse, Inc since June 25, 2020. Mr. Crawford serves as Chief Executive Officer and President of Hall of Fame Re...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD8.47M) is above average for companies of similar size in the US market ($USD1.08M).

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


Leadership Team

Experienced Management: HOFV's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: HOFV's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: HOFV insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 198.3%.


Top Shareholders

Company Information

Hall of Fame Resort & Entertainment Company's employee growth, exchange listings and data sources


Key Information

  • Name: Hall of Fame Resort & Entertainment Company
  • Ticker: HOFV
  • Exchange: NasdaqCM
  • Founded: 2015
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: US$286.880m
  • Shares outstanding: 94.99m
  • Website: https://www.hofreco.com

Number of Employees


Location

  • Hall of Fame Resort & Entertainment Company
  • 2626 Fulton Drive NW
  • Canton
  • Ohio
  • 44718
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:10
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.