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International Speedway

Nasdaq:ISCA
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ISCA
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. The last earnings update was 72 days ago. More info.


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ISCA Share Price and Events
7 Day Returns
0.4%
NasdaqGS:ISCA
1.7%
US Hospitality
0.5%
US Market
1 Year Returns
2.2%
NasdaqGS:ISCA
-10.8%
US Hospitality
0.8%
US Market
ISCA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
International Speedway (ISCA) 0.4% 3.3% 5.6% 2.2% 34.4% 39.8%
US Hospitality 1.7% -1.4% 1.9% -10.8% 40.5% 20.1%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • ISCA outperformed the Hospitality industry which returned -10.8% over the past year.
  • ISCA outperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
ISCA
Industry
5yr Volatility vs Market

Value

 Is International Speedway undervalued based on future cash flows and its price relative to the stock market?

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 International Speedway 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for International Speedway.

NasdaqGS:ISCA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ISCA
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%) (13.09%))
1.011
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.011 * 5.96%)
8.75%

Discounted Cash Flow Calculation for NasdaqGS:ISCA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for International Speedway 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.

NasdaqGS:ISCA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.75%)
2019 89.10 Analyst x2 81.93
2020 99.45 Analyst x2 84.09
2021 117.10 Analyst x1 91.04
2022 131.43 Est @ 12.24% 93.96
2023 143.76 Est @ 9.39% 94.50
2024 154.39 Est @ 7.39% 93.32
2025 163.64 Est @ 5.99% 90.95
2026 171.84 Est @ 5.01% 87.82
2027 179.28 Est @ 4.33% 84.25
2028 186.18 Est @ 3.85% 80.45
Present value of next 10 years cash flows $882.29
NasdaqGS:ISCA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $186.18 × (1 + 2.73%) ÷ (8.75% – 2.73%)
$3,175.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,175.37 ÷ (1 + 8.75%)10
$1,372.07
NasdaqGS:ISCA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $882.29 + $1,372.07
$2,254.35
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,254.35 / 43.48
$51.85
NasdaqGS:ISCA Discount to Share Price
Calculation Result
Value per share (USD) From above. $51.85
Current discount Discount to share price of $45.10
= -1 x ($45.10 - $51.85) / $51.85
13%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price International Speedway is available for.
Intrinsic value
13%
Share price is $45.1 vs Future cash flow value of $51.85
Current Discount Checks
For International Speedway to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • International Speedway's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • International Speedway's share price is below the future cash flow value, but not 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 International Speedway's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are International Speedway's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ISCA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in USD $1.77
NasdaqGS:ISCA Share Price ** NasdaqGS (2019-06-14) in USD $45.1
United States of America Hospitality Industry PE Ratio Median Figure of 74 Publicly-Listed Hospitality Companies 22.39x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of International Speedway.

NasdaqGS:ISCA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ISCA Share Price ÷ EPS (both in USD)

= 45.1 ÷ 1.77

25.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • International Speedway is overvalued based on earnings compared to the US Hospitality industry average.
  • International Speedway is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does International Speedway's expected growth come at a high price?
Raw Data
NasdaqGS:ISCA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
10%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 55 Publicly-Listed Hospitality Companies 1.9x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGS:ISCA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.53x ÷ 10%

2.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • International Speedway is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on International Speedway's assets?
Raw Data
NasdaqGS:ISCA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in USD $38.20
NasdaqGS:ISCA Share Price * NasdaqGS (2019-06-14) in USD $45.1
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.25x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:ISCA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ISCA Share Price ÷ Book Value per Share (both in USD)

= 45.1 ÷ 38.20

1.18x

* Primary Listing of International Speedway.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • International Speedway is good value based on assets compared to the US Hospitality industry average.
X
Value checks
We assess International Speedway's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. International Speedway has a total score of 1/6, 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.

Future Performance

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

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!
Annual Growth Rate
10%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is International Speedway expected to grow at an attractive rate?
  • International Speedway's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • International Speedway's earnings growth is positive but not above the United States of America market average.
  • International Speedway's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ISCA Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ISCA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 10%
NasdaqGS:ISCA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.7%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.7%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
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
Raw Data
NasdaqGS:ISCA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ISCA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-11-30 772 231 1
2022-11-30 754 226 1
2021-11-30 736 213 1
2020-11-30 716 204 93 2
2019-11-30 697 198 88 2
NasdaqGS:ISCA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-02-28 675 209 77
2018-11-30 673 205 225
2018-08-31 704 227 274
2018-05-31 677 227 262
2018-02-28 671 186 259
2017-11-30 670 191 111
2017-08-31 665 182 67
2017-05-31 662 169 69
2017-02-28 663 195 78
2016-11-30 658 246 76
2016-08-31 657 233 76
2016-05-31 653 238 70

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • International Speedway's earnings are expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
  • International Speedway's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ISCA 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 2 Analyst Estimates (S&P Global) See Below

All data from International Speedway Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ISCA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-11-30
2022-11-30
2021-11-30
2020-11-30 2.14 2.19 2.09 2.00
2019-11-30 2.01 2.02 1.99 2.00
NasdaqGS:ISCA Past Financials Data
Date (Data in USD Millions) EPS *
2019-02-28 1.77
2018-11-30 5.11
2018-08-31 6.21
2018-05-31 5.93
2018-02-28 5.83
2017-11-30 2.48
2017-08-31 1.50
2017-05-31 1.53
2017-02-28 1.71
2016-11-30 1.66
2016-08-31 1.65
2016-05-31 1.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • International Speedway is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess International Speedway's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
International Speedway has a total score of 1/6, 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.

Past Performance

  How has International Speedway 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
Below we compare International Speedway's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • International Speedway has delivered over 20% year on year earnings growth in the past 5 years.
  • International Speedway's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • International Speedway's 1-year earnings growth is negative, it can't be compared to the US Hospitality industry average.
Earnings and Revenue History
International Speedway's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from International Speedway Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ISCA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 674.91 77.49 107.14
2018-11-30 673.24 225.28 106.19
2018-08-31 704.30 274.11 107.49
2018-05-31 676.96 262.34 108.34
2018-02-28 671.37 258.90 109.38
2017-11-30 670.45 110.82 109.93
2017-08-31 664.94 67.20 110.49
2017-05-31 661.99 69.11 109.99
2017-02-28 663.36 77.78 110.39
2016-11-30 658.03 76.34 110.35
2016-08-31 656.60 76.18 108.66
2016-05-31 653.10 70.06 109.02
2016-02-29 651.45 61.51 109.05
2015-11-30 645.37 56.63 108.83
2015-08-31 625.81 50.18 108.24
2015-05-31 630.40 54.32 108.98
2015-02-28 656.70 62.44 108.92
2014-11-30 651.94 67.38 108.56
2014-08-31 640.85 58.76 105.23
2014-05-31 627.81 50.70 104.59
2014-02-28 615.88 51.67 103.32
2013-11-30 612.64 45.29 104.93
2013-08-31 613.42 52.82 104.43
2013-05-31 612.30 59.65 103.71
2013-02-28 613.52 50.95 104.01
2012-11-30 612.37 54.58 101.76
2012-08-31 614.86 56.31 103.59

*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.
  • International Speedway has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • International Speedway used its assets less efficiently than the US Hospitality industry average last year based on Return on Assets.
  • International Speedway's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess International Speedway's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
International Speedway has a total score of 1/6, 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.

Health

 How is International Speedway'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 International Speedway's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • International Speedway is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • International Speedway's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of International Speedway's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x 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.
Raw Data

All data from International Speedway Company Filings, last reported 3 months ago.

NasdaqGS:ISCA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 1,658.53 255.49 273.19
2018-11-30 1,635.96 255.67 269.01
2018-08-31 1,633.03 258.97 278.40
2018-05-31 1,620.72 259.14 327.13
2018-02-28 1,630.95 259.30 283.73
2017-11-30 1,459.92 259.47 256.70
2017-08-31 1,383.47 262.44 268.88
2017-05-31 1,401.08 262.57 312.08
2017-02-28 1,419.53 262.70 278.66
2016-11-30 1,400.36 262.82 263.73
2016-08-31 1,383.29 265.50 265.33
2016-05-31 1,391.46 265.62 303.98
2016-02-29 1,407.74 265.73 190.09
2015-11-30 1,393.22 265.84 160.55
2015-08-31 1,360.02 270.95 169.25
2015-05-31 1,363.07 271.22 183.46
2015-02-28 1,362.26 271.48 161.86
2014-11-30 1,346.43 271.75 158.85
2014-08-31 1,319.51 274.00 171.89
2014-05-31 1,318.39 274.17 218.18
2014-02-28 1,307.64 274.33 192.60
2013-11-30 1,287.16 274.49 172.83
2013-08-31 1,268.88 276.48 163.37
2013-05-31 1,275.68 276.63 162.58
2013-02-28 1,263.01 276.78 111.27
2012-11-30 1,248.81 276.93 78.38
2012-08-31 1,224.07 298.70 87.43
  • International Speedway's level of debt (15.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (21% vs 15.4% today).
  • Debt is well covered by operating cash flow (81.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.8x coverage).
X
Financial health checks
We assess International Speedway's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. International Speedway has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

Dividends

 What is International Speedway'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
Dividend payments
1.09%
Current annual income from International Speedway dividends. Estimated to be 1.15% next year.
If you bought $2,000 of International Speedway shares you are expected to receive $22 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • International Speedway's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • International Speedway's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
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.
Raw Data
NasdaqGS:ISCA Annualized Past and Future Dividends
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 2 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 46 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:ISCA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-11-30 0.58 1.00
2022-11-30 0.55 1.00
2021-11-30 0.53 2.00
2020-11-30 0.51 3.00
2019-11-30 0.48 3.00
NasdaqGS:ISCA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.490 1.111
2019-01-25 0.470 1.081
2019-01-24 0.470 1.071
2018-10-04 0.470 1.154
2018-04-12 0.470 1.086
2018-01-26 0.430 0.978
2018-01-25 0.430 0.961
2017-10-10 0.430 1.075
2017-10-05 0.430 1.097
2017-07-03 0.430 1.228
2017-01-27 0.410 1.117
2017-01-26 0.410 1.100
2016-10-06 0.410 1.157
2016-04-13 0.410 1.219
2016-01-27 0.260 0.744
2016-01-26 0.260 0.786
2015-10-08 0.260 0.761
2015-04-08 0.260 0.746
2015-01-27 0.260 0.823
2014-10-07 0.240 0.777
2014-04-09 0.240 0.753
2014-01-28 0.240 0.725
2013-10-03 0.220 0.649
2013-04-10 0.220 0.664
2013-01-25 0.200 0.654
2013-01-24 0.200 0.732
2012-10-04 0.200 0.754
2012-04-04 0.200 0.768
2012-01-27 0.180 0.686
2012-01-26 0.180 0.683
2011-10-06 0.180 0.742
2011-04-06 0.180 0.672
2011-01-28 0.160 0.552
2011-01-27 0.160 0.548
2010-10-07 0.160 0.645
2010-04-14 0.160 0.613
2010-01-29 0.140 0.531
2010-01-28 0.140 0.520
2009-10-09 0.140 0.504
2009-10-08 0.140 0.531
2009-07-08 0.140 0.521
2009-07-07 0.140 0.567

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of International Speedway's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
X
Income/ dividend checks
We assess International Speedway's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can International Speedway afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. International Speedway has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lesa Kennedy
COMPENSATION $1,575,256
AGE 56
TENURE AS CEO 10 years
CEO Bio

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 June 1, 2009. Ms. Kennedy served as the President of International Speedway Corp. from April 9, 2003 to June 1, 2009 Ms. Kennedy served as International Speedway Corp.'s (ISC) Executive Vice President from January 1996 to April 9, 2003, Secretary from 1987 to January 1996 and Treasurer from 1989 to January 1996. She joined International Speedway Corp. in 1983. She was instrumental in the conception, design and development of Daytona USA at Daytona International Speedway. Ms. Kennedy has been the Vice Chairwoman of International Speedway Corp. since July 2007 and has been its Director of International Speedway Corp. (ISC) since 1984. She also serves on the Board of Directors for NASCAR. Ms. Kennedy serves on the Board of Directors of SunTrust Bank as well as the Board of Trustees for Stetson University's School of Business. She serves as a supporter of the London Symphony Orchestra, Volusia Vision and the Daytona Beach Museum of Arts and Sciences and is very active in civic organizations in the Daytona Beach area including the Chamber of Commerce, Seaside Music Theater, Leadership Daytona, the Civic League of the Halifax Area and the United Way. She serves as a Director of National Association for Stock Car Auto Racing, Inc. Ms. Kennedy was honored recently by Street & Smith's Sports Business Journal as “Female Sports Executive of the Year” and named by Auto Week magazine as “One of the 10 Secret People Who Will Change The World,” in addition to being named one of the “Top 10 Female Sports Executives” by Street & Smith's Sports Business Journal in 2000 and 1999 as well as one of the “25 Most Influential People In NASCAR” by the Charlotte Observer in 2002 and 2001. She has experience in the motorsports industry. Ms. Kennedy is also Vice Chairwoman and Assistant Treasurer of NASCAR(National Association for Stock Car Auto Racing, Inc.). Ms. Kennedy received a BA in Economics and a BA in Psychology from Duke University in 1983.

CEO Compensation
  • Lesa's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Lesa's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the International Speedway management team in years:

3.7
Average Tenure
52
Average Age
  • The tenure for the International Speedway management team is about average.
Management Team

Lesa Kennedy

TITLE
Vice Chairwoman & CEO
COMPENSATION
$2M
AGE
56
TENURE
10 yrs

John Saunders

TITLE
President
COMPENSATION
$1M
AGE
61
TENURE
10 yrs

Greg Motto

TITLE
Executive VP
COMPENSATION
$499K
AGE
45
TENURE
2.5 yrs

Joie Chitwood

TITLE
Executive VP & COO
COMPENSATION
$790K
AGE
49
TENURE
3.2 yrs

Daryl Wolfe

TITLE
Executive VP & Chief Marketing Officer
COMPENSATION
$638K
AGE
50
TENURE
12.2 yrs

Jim France

TITLE
Chairman of the Board & Assistant Treasurer
COMPENSATION
$593K
AGE
73
TENURE
10 yrs

Gary Crotty

TITLE
EVP, Chief Administration Officer
AGE
54
TENURE
4.2 yrs

Eric Nyquist

TITLE
Senior VP & Chief Communications Officer
AGE
46
TENURE
1.4 yrs

Jeff Boerger

TITLE
Vice President of Corporate Development
AGE
54
TENURE
3.2 yrs

Frank Kelleher

TITLE
VP & Chief Sales Officer
AGE
37
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the International Speedway board of directors in years:

12.2
Average Tenure
66.5
Average Age
  • The average tenure for the International Speedway board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jim France

TITLE
Chairman of the Board & Assistant Treasurer
COMPENSATION
$593K
AGE
73
TENURE
11.9 yrs

Christy Harris

TITLE
Director
COMPENSATION
$56K
AGE
72
TENURE
35.4 yrs

Lesa Kennedy

TITLE
Vice Chairwoman & CEO
COMPENSATION
$2M
AGE
56
TENURE
11.9 yrs

J. Brown

TITLE
Lead Independent Director
COMPENSATION
$62K
AGE
81

Larry Aiello

TITLE
Director
COMPENSATION
$67K
AGE
68
TENURE
16.2 yrs

Larree Renda

TITLE
Director
COMPENSATION
$62K
AGE
59
TENURE
4.2 yrs

Brian France

TITLE
Director
COMPENSATION
$52K
AGE
55
TENURE
25.4 yrs

Bill Graves

TITLE
Director
COMPENSATION
$62K
AGE
65
TENURE
15.8 yrs

Mori Hosseini-Kargar

TITLE
Director
COMPENSATION
$54K
AGE
62
TENURE
12.2 yrs

Sonia Green

TITLE
Director
COMPENSATION
$54K
AGE
68
TENURE
6.2 yrs
Who owns this company?
Recent Insider Trading
  • International Speedway insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. May 19 Sell Laura Jackson Individual 17. Apr 19 17. Apr 19 -591 $42.05 $-24,849
11. Feb 19 Sell Larry Woodard Individual 19. Jul 18 19. Jul 18 -650 $46.65 $-30,323
20. Jul 18 Sell Larry Woodard Individual 19. Jul 18 19. Jul 18 -685 $44.20 $-30,277
X
Management checks
We assess International Speedway's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. International Speedway 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.

News

Simply Wall St News

Did International Speedway Corporation (NASDAQ:ISCA) Insiders Sell Shares?

International Speedway Insider Transactions Over The Last Year. … We generally consider it a negative if insiders have been selling on market, especially if they did so below the current price. … All up, insiders sold more shares in International Speedway than they bought, over the last year.

Simply Wall St -

Is Now An Opportune Moment To Examine International Speedway Corporation (NASDAQ:ISCA)?

International Speedway Corporation (NASDAQ:ISCA), which is in the hospitality business, and is based in United States,. … A question to answer is whether International Speedway's current trading price of $38.05 reflective of the actual value of the? … Let’s take a look at International Speedway’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

International Speedway Corporation (NASDAQ:ISCA): The Best Of Both Worlds

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of International Speedway Corporation (NASDAQ:ISCA), it

Simply Wall St -

International Speedway Corporation (NASDAQ:ISCA)'s Return on Capital

and looking to gauge the potential return on investment in International Speedway Corporation (NASDAQ:ISCA). … To understand International Speedway’s capital returns we will look at a useful metric called return on capital employed. … Calculating Return On Capital Employed for ISCA

Simply Wall St -

Who Are The Major Shareholders Of International Speedway Corporation (NASDAQ:ISCA)?

Today, I will be analyzing International Speedway Corporation’s (NASDAQ:ISCA) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

What Are The Drivers Of International Speedway Corporation's (NASDAQ:ISCA) Risks?

The second risk is market-wide, which arises from investing in the stock market. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Any stock with a beta of greater than one is considered more volatile than the market, and those with a beta less than one is generally less volatile.

Simply Wall St -

Is International Speedway Corporation's (NASDAQ:ISCA) 16.19% ROE Strong Compared To Its Industry?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … If ISCA borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface.

Simply Wall St -

Should You Be Tempted To Buy International Speedway Corporation (NASDAQ:ISCA) Because Of Its PE Ratio?

International Speedway Corporation (NASDAQ:ISCA) is trading with a trailing P/E of 7.5x, which is lower than the industry average of 23.8x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … I will break down what the P/E ratio is, how to interpret it and what to watch out for

Simply Wall St -

Should You Buy International Speedway Corporation (NASDAQ:ISCA) Now?

saw a decent share price growth in the teens level on the NasdaqGS over the last few months. … 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 International Speedway’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Is International Speedway Corporation's (NASDAQ:ISCA) PE Ratio A Signal To Sell For Investors?

But should the inexpensive multiple be the final verdict of ISCA’s undervaluation. … This is because multiples like PE tend to overlook key company-specific factors such as future growth and capital structure … In this article, I am going to take you through some key things to consider in order to identify which multiple is the most relevant for

Simply Wall St -

Company Info

Description

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.

Details
Name: International Speedway Corporation
ISCA
Exchange: NasdaqGS
Founded: 1953
$1,952,376,402
43,481,410
Website: http://www.internationalspeedwaycorporation.com
Address: International Speedway Corporation
One Daytona Boulevard,
Daytona Beach,
Florida, 32114,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ISCA Class A Common Stock Nasdaq Global Select US USD 05. Nov 1996
DB IS6A Class A Common Stock Deutsche Boerse AG DE EUR 05. Nov 1996
OTCPK ISCB Class B Common Stock Pink Sheets LLC US USD 06. Jan 1975
Number of employees
Current staff
Staff numbers
850
International Speedway employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 23:39
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/04/04
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/11/30


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.