NasdaqGS:ISCA

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-1.0%

ISCA

2.1%

US Hospitality

1.0%

US Market


1 Year Return

25.2%

ISCA

3.5%

US Hospitality

6.7%

US Market

Return vs Industry: ISCA exceeded the US Hospitality industry which returned 3.5% over the past year.

Return vs Market: ISCA exceeded the US Market which returned 6.7% over the past year.


Share holder returns

ISCAIndustryMarket
7 Day-1.0%2.1%1.0%
30 Day-0.3%-5.5%-1.8%
90 Day0.07%-6.1%-1.8%
1 Year26.5%25.2%6.0%3.5%9.1%6.7%
3 Year49.9%44.9%44.0%34.6%46.0%36.6%
5 Year60.1%51.8%42.7%26.9%66.9%48.6%

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 based on future cash flows and its price relative to the stock market?

8%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: ISCA ($45.05) is trading below our estimate of fair value ($49.05)

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


Price Based on Earnings

PE vs Industry: ISCA is poor value based on its PE Ratio (25.5x) compared to the Hospitality industry average (23x).

PE vs Market: ISCA is poor value based on its PE Ratio (25.5x) compared to the US market (17.5x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: ISCA is good value based on its PB Ratio (1.2x) compared to the US Hospitality industry average (2.1x).


Next Steps

Future Growth

How is International Speedway expected 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 Estimates


Future Annual Growth Analysis

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 (14.5% 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 (7.3% 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 Estimates


Future Return on Equity

High 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


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 (-13.9%).


Return on Equity

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


Return on Assets

ROA vs Industry: ISCA's Return on Assets is below or equal to the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: ISCA's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is International Speedway's financial position?


Financial Position Analysis

Short Term Liabilities: ISCA's short term assets ($423.9M) exceeds 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 1.661560x debt).


Next Steps

Dividend

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

1.17%

Expected Dividend Yield


Dividend Yield vs Market

company1.1%marketbottom25%1.5%markettop25%3.8%industryaverage2.3%forecastin3Years1.2%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: ISCA's dividend (1.09%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: ISCA's dividend (1.09%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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

What is the CEO of International Speedway's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average management tenure


CEO

Lesa Kennedy (57yo)

10.3yrs

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 ($USD1.58M) is below average for companies of similar size in the US market ($USD4.08M).

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


Management Age and Tenure

4.0yrs

Average Tenure

53yo

Average Age

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


Board Age and Tenure

12.5yrs

Average Tenure

67.5yo

Average Age

Experienced Board: ISCA's board of directors are seasoned and experienced ( 12.5 years average tenure).


Insider Trading

Insider Buying: ISCA insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$117,04119 Jul 19
Derek Muldowney
EntityIndividual
Shares2,594
Max PriceUS$45.12
SellUS$24,84915 May 19
Laura Jackson
EntityIndividual
Shares591
Max PriceUS$42.05

Ownership Breakdown


Management Team

  • Jim France (74yo)

    Chairman of the Board & Assistant Treasurer

    • Tenure: 12.3yrs
    • Compensation: US$592.74k
  • Lesa Kennedy (57yo)

    Vice Chairwoman & CEO

    • Tenure: 10.3yrs
    • Compensation: US$1.58m
  • John Saunders (62yo)

    President

    • Tenure: 10.3yrs
    • Compensation: US$1.13m
  • Gary Crotty (55yo)

    EVP, Chief Administration Officer

    • Tenure: 4.5yrs
  • Daryl Wolfe (51yo)

    Executive VP & Chief Marketing Officer

    • Tenure: 12.5yrs
    • Compensation: US$637.95k
  • Joie Chitwood (50yo)

    Executive VP & COO

    • Tenure: 3.5yrs
    • Compensation: US$790.25k
  • Jeff Boerger (55yo)

    Vice President of Corporate Development

    • Tenure: 3.5yrs
  • Eric Nyquist (47yo)

    Senior VP & Chief Communications Officer

    • Tenure: 1.8yrs
  • Greg Motto (46yo)

    Executive VP

    • Tenure: 2.8yrs
    • Compensation: US$499.37k
  • Frank Kelleher (38yo)

    VP & Chief Sales Officer

    • Tenure: 1.8yrs

Board Members

  • Larree Renda (60yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: US$61.86k
  • J. Brown (82yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$62.11k
  • Jim France (74yo)

    Chairman of the Board & Assistant Treasurer

    • Tenure: 12.3yrs
    • Compensation: US$592.74k
  • Lesa Kennedy (57yo)

    Vice Chairwoman & CEO

    • Tenure: 10.3yrs
    • Compensation: US$1.58m
  • Brian France (56yo)

    Independent Director

    • Tenure: 25.8yrs
    • Compensation: US$52.36k
  • Christy Harris (73yo)

    Independent Director

    • Tenure: 35.8yrs
    • Compensation: US$55.61k
  • Larry Aiello (69yo)

    Independent Director

    • Tenure: 16.5yrs
    • Compensation: US$67.36k
  • Mori Hosseini-Kargar (63yo)

    Independent Director

    • Tenure: 12.5yrs
    • Compensation: US$53.61k
  • Bill Graves (66yo)

    Independent Director

    • Tenure: 16.1yrs
    • Compensation: US$62.36k
  • Sonia Green (69yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: US$53.61k

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$1.968b
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:09
End of Day Share Price2019/10/11 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.

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