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.

Risks

  • International Speedway is covered by less than 3 analysts.

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

-0.2%

NasdaqGS:ISCA

-1.3%

US Hospitality

-1.9%

US Market


1 Year Return

2.1%

NasdaqGS:ISCA

-7.1%

US Hospitality

-3.3%

US Market

ISCA outperformed the Hospitality industry which returned -7% over the past year.

ISCA outperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

ISCAIndustryMarket
7 Day-0.2%-1.3%-1.9%
30 Day-0.9%-7.9%-6.2%
90 Day-0.8%-0.5%0.3%
1 Year3.2%2.1%-4.9%-7.1%-1.1%-3.3%
3 Year38.6%33.9%43.0%33.9%37.9%28.9%
5 Year41.8%34.4%31.5%17.1%50.8%34.1%

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

11%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

International Speedway is poor value based on expected growth next year.


Price Based on Value of Assets

International Speedway is good value based on assets compared to the US Hospitality industry average.


Next Steps

Future Growth

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

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

International Speedway's revenue is expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).

International Speedway's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).

International Speedway's revenue growth is positive but not above the United States of America market average.

International Speedway's earnings growth is positive but not above the United States of America market average.

International Speedway's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

International Speedway is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has International Speedway performed over the past 5 years?

28.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

International Speedway has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

International Speedway used its assets less efficiently than the US Hospitality industry average last year based on Return on Assets.


Return on Capital Employed

International Speedway's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is International Speedway's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

International Speedway's level of debt (15.5%) 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 (20.8% vs 15.5% today).

Debt is well covered by operating cash flow (72.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 11.6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.6x debt.


Next Steps

Dividend

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

1.17%

Expected Dividend Yield


Dividend Yield and Payments Analysis

International Speedway's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

International Speedway's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

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

Dividends paid are well covered by earnings (3.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4x coverage).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Lesa Kennedy (57yo)

10.2yrs

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

Lesa's remuneration is lower than average for companies of similar size in United States of America.

Lesa's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.8yrs

Average Tenure

53yo

Average Age

The tenure for the International Speedway management team is about average.


Board Age and Tenure

12.3yrs

Average Tenure

67.5yo

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.


Insider Trading

International Speedway individual 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: 12.1yrs
    • Compensation: US$592.74k
  • Lesa Kennedy (57yo)

    Vice Chairwoman & CEO

    • Tenure: 10.2yrs
    • Compensation: US$1.58m
  • John Saunders (62yo)

    President

    • Tenure: 10.2yrs
    • Compensation: US$1.13m
  • Gary Crotty (55yo)

    EVP, Chief Administration Officer

    • Tenure: 4.3yrs
  • Daryl Wolfe (51yo)

    Executive VP & Chief Marketing Officer

    • Tenure: 12.3yrs
    • Compensation: US$637.95k
  • Joie Chitwood (50yo)

    Executive VP & COO

    • Tenure: 3.3yrs
    • Compensation: US$790.25k
  • Jeff Boerger (55yo)

    Vice President of Corporate Development

    • Tenure: 3.3yrs
  • Eric Nyquist (47yo)

    Senior VP & Chief Communications Officer

    • Tenure: 1.6yrs
  • Greg Motto (46yo)

    Executive VP

    • Tenure: 2.7yrs
    • Compensation: US$499.37k
  • Frank Kelleher (38yo)

    VP & Chief Sales Officer

    • Tenure: 1.6yrs

Board Members

  • Larree Renda (60yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$61.86k
  • J. Brown (82yo)

    Lead Independent Director

    • Tenure: 0.0yrs
    • Compensation: US$62.11k
  • Jim France (74yo)

    Chairman of the Board & Assistant Treasurer

    • Tenure: 12.1yrs
    • Compensation: US$592.74k
  • Lesa Kennedy (57yo)

    Vice Chairwoman & CEO

    • Tenure: 10.2yrs
    • Compensation: US$1.58m
  • Brian France (56yo)

    Director

    • Tenure: 25.6yrs
    • Compensation: US$52.36k
  • Christy Harris (73yo)

    Director

    • Tenure: 35.6yrs
    • Compensation: US$55.61k
  • Larry Aiello (69yo)

    Director

    • Tenure: 16.3yrs
    • Compensation: US$67.36k
  • Mori Hosseini-Kargar (63yo)

    Director

    • Tenure: 12.3yrs
    • Compensation: US$53.61k
  • Bill Graves (66yo)

    Director

    • Tenure: 15.9yrs
    • Compensation: US$62.36k
  • Sonia Green (69yo)

    Director

    • Tenure: 6.3yrs
    • 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$1.953b
  • Shares outstanding: 43.48m
  • 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 Analysis2019/08/25 23:38
End of Day Share Price2019/08/23 00:00
Earnings2019/05/31
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.