NasdaqGS:ISCA

Stock Analysis Report

Executive Summary

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States.


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has International Speedway's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ISCA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.1%

ISCA

13.2%

US Hospitality

9.9%

US Market


1 Year Return

21.5%

ISCA

-42.8%

US Hospitality

-11.9%

US Market

Return vs Industry: ISCA exceeded the US Hospitality industry which returned 20.1% over the past year.

Return vs Market: ISCA underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

ISCAIndustryMarket
7 Day-0.1%13.2%9.9%
30 Day-0.3%-35.9%-15.0%
90 Day-0.7%-47.7%-21.5%
1 Year22.9%21.5%-41.3%-42.8%-10.0%-11.9%
3 Year44.2%39.3%-31.0%-35.7%12.3%5.1%
5 Year57.6%49.3%-24.6%-32.7%32.5%18.1%

Price Volatility Vs. Market

How volatile is International Speedway's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is International Speedway undervalued compared to its fair value and its price relative to the market?

8.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ISCA ($44.99) is trading below our estimate of fair value ($49.04)

Significantly Below Fair Value: ISCA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ISCA is poor value based on its PE Ratio (25.4x) compared to the Hospitality industry average (25.1x).

PE vs Market: ISCA is poor value based on its PE Ratio (25.4x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: ISCA is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: ISCA is good value based on its PB Ratio (1.2x) compared to the US Hospitality industry average (2.4x).


Next Steps

Future Growth

How is International Speedway forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

12.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ISCA's forecast earnings growth (12.3% per year) is above the savings rate (2.7%).

Earnings vs Market: ISCA's earnings (12.3% per year) are forecast to grow slower than the US market (14.3% per year).

High Growth Earnings: ISCA's earnings are forecast to grow, but not significantly.

Revenue vs Market: ISCA's revenue (2.4% per year) is forecast to grow slower than the US market (7.5% per year).

High Growth Revenue: ISCA's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ISCA's Return on Equity is forecast to be low in 3 years time (5.4%).


Next Steps

Past Performance

How has International Speedway performed over the past 5 years?

23.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ISCA has high quality earnings.

Growing Profit Margin: ISCA's current net profit margins (11.3%) are lower than last year (38.9%).


Past Earnings Growth Analysis

Earnings Trend: ISCA's earnings have grown significantly by 23.9% per year over the past 5 years.

Accelerating Growth: ISCA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ISCA had negative earnings growth (-71.9%) over the past year, making it difficult to compare to the Hospitality industry average (-18.9%).


Return on Equity

High ROE: ISCA's Return on Equity (4.6%) is considered low.


Next Steps

Financial Health

How is International Speedway's financial position?


Financial Position Analysis

Short Term Liabilities: ISCA's short term assets ($423.9M) exceed its short term liabilities ($129.1M).

Long Term Liabilities: ISCA's short term assets ($423.9M) do not cover its long term liabilities ($540.0M).


Debt to Equity History and Analysis

Debt Level: ISCA's debt to equity ratio (15.3%) is considered satisfactory.

Reducing Debt: ISCA's debt to equity ratio has reduced from 20.8% to 15.3% over the past 5 years.

Debt Coverage: ISCA's debt is well covered by operating cash flow (77.3%).

Interest Coverage: ISCA's interest payments on its debt are well covered by EBIT (10.8x coverage).


Balance Sheet

Inventory Level: ISCA has a high level of physical assets or inventory.

Debt Coverage by Assets: ISCA's debt is covered by short term assets (assets are 1.7x debt).


Next Steps

Dividend

What is International Speedway's current dividend yield, its reliability and sustainability?

1.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ISCA's dividend (1.09%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: ISCA's dividend (1.09%) is low compared to the top 25% of dividend payers in the US market (3.66%).


Stability and Growth of Payments

Stable Dividend: ISCA's dividends per share have been stable in the past 10 years.

Growing Dividend: ISCA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.7%), ISCA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ISCA's dividends in 3 years are forecast to be well covered by earnings (25.2% payout ratio).


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Lesa Kennedy (57yo)

10.33s

Tenure

US$1,575,256

Compensation

Ms. Lesa France Kennedy serves as an Executive Vice President of National Association for Stock Car Auto Racing, Inc. Ms. Kennedy has been the Chief Executive Officer of International Speedway Corp. since  ...


CEO Compensation Analysis

Compensation vs Market: Lesa's total compensation ($USD1.58M) is below average for companies of similar size in the US market ($USD3.86M).

Compensation vs Earnings: Lesa's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Lesa Kennedy
Vice Chairwoman & CEO10.33yrsUS$1.58m0.59% $11.5m
John Saunders
President10.33yrsUS$1.13m0.17% $3.4m
Gregory Motto
Executive VP2.83yrsUS$499.37k0.026% $511.7k
Joel Chitwood
Executive VP & COO3.5yrsUS$790.25k0.051% $1.0m
Daryl Wolfe
Executive VP & Chief Marketing Officer12.5yrsUS$637.95k0.062% $1.2m
James France
Chairman of the Board & Assistant Treasurer12.25yrsUS$592.74k0.29% $5.7m
W. Crotty
EVP, Chief Administration Officer4.5yrsno data0.12% $2.4m
Eric Nyquist
Senior VP & Chief Communications Officer1.75yrsno datano data
Jeffrey Boerger
Vice President of Corporate Development3.5yrsno data0.032% $617.1k
Frank Kelleher
VP & Chief Sales Officer1.75yrsno data0.0051% $100.7k

4.0yrs

Average Tenure

53yo

Average Age

Experienced Management: ISCA's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lesa Kennedy
Vice Chairwoman & CEO10.33yrsUS$1.58m0.59% $11.5m
James France
Chairman of the Board & Assistant Treasurer12.25yrsUS$592.74k0.29% $5.7m
Larree Renda
Independent Director4.5yrsUS$61.86k0.025% $493.9k
J. Brown
Lead Independent Directorno dataUS$62.11k0.21% $4.2m
Brian France
Independent Director25.75yrsUS$52.36k0.50% $9.9m
Christy Harris
Independent Director35.75yrsUS$55.61k0.030% $593.2k
Larry Aiello
Independent Director16.5yrsUS$67.36k0.025% $492.9k
Morteza Hosseini-Kargar
Independent Director12.5yrsUS$53.61k0.037% $723.4k
William Graves
Independent Director16.08yrsUS$62.36k0.018% $356.8k
Sonia Green
Independent Director6.5yrsUS$53.61k0.013% $257.7k

12.5yrs

Average Tenure

67.5yo

Average Age

Experienced Board: ISCA's board of directors are seasoned and experienced ( 12.5 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

International Speedway Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: International Speedway Corporation
  • Ticker: ISCA
  • Exchange: NasdaqGS
  • Founded: 1953
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: US$1.958b
  • Shares outstanding: 43.49m
  • Website: https://www.internationalspeedwaycorporation.com

Number of Employees


Location

  • International Speedway Corporation
  • One Daytona Boulevard
  • Daytona Beach
  • Florida
  • 32114
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ISCBOTCPK (Pink Sheets LLC)Class B Common StockUSUSDJan 1975
ISCANasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDNov 1996
IS6ADB (Deutsche Boerse AG)YesClass A Common StockDEEURNov 1996

Biography

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. Its motorsports themed event operations consist principally of racing events at its motorsports entertainment facilities, which promote approximately 100 stock car, open wheel, sports car, truck, motorcycle, and other racing events. The company is also involved in food and beverage concession operations; the provision of catering services in suites and chalets; and the creation of motorsports-related programming content carried on radio stations, as well as Sirius XM Radio, a national satellite radio service. In addition, it uses its motorsports entertainment facilities for testing for teams, driving schools, riding experiences, car shows, auto fairs, concerts, and music festivals, as well as settings for television commercials, print advertisements, and motion pictures. Further, the company engages in souvenir merchandising operations. It owns and/or operates 13 motorsports entertainment facilities with approximately 761,000 grandstand seats and 560 suites. The company was formerly known as Daytona International Speedway Corporation and changed its name to International Speedway Corporation in 1968. International Speedway Corporation was founded in 1953 and is headquartered in Daytona Beach, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:37
End of Day Share Price2019/10/17 00:00
Earnings2019/08/31
Annual Earnings2018/11/30


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.