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Speedway Motorsports

NYSE:TRK
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRK
NYSE
$771M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The last earnings update was 78 days ago. More info.


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  • Speedway Motorsports has significant price volatility in the past 3 months.
TRK Share Price and Events
7 Day Returns
0.9%
NYSE:TRK
0.2%
US Hospitality
-0.3%
US Market
1 Year Returns
9.2%
NYSE:TRK
-4.9%
US Hospitality
3.9%
US Market
TRK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Speedway Motorsports (TRK) 0.9% 1.8% 37.4% 9.2% 2.2% 8.4%
US Hospitality 0.2% 1.2% -1.7% -4.9% 43.1% 22.3%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • TRK outperformed the Hospitality industry which returned -4.9% over the past year.
  • TRK outperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
TRK
Industry
5yr Volatility vs Market

TRK Value

 Is Speedway Motorsports 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 Speedway Motorsports 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 Speedway Motorsports.

NYSE:TRK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
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 NYSE:TRK
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))
= 0.922 (1 + (1- 21%) (25.96%))
1.075
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.075 * 5.96%)
9.13%

Discounted Cash Flow Calculation for NYSE:TRK using 2 Stage Free Cash Flow to Equity Model

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

NYSE:TRK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.13%)
2020 59.11 Est @ -7.43% 54.16
2021 56.52 Est @ -4.38% 47.45
2022 55.25 Est @ -2.25% 42.50
2023 54.83 Est @ -0.76% 38.65
2024 54.99 Est @ 0.29% 35.52
2025 55.55 Est @ 1.02% 32.88
2026 56.40 Est @ 1.53% 30.59
2027 57.47 Est @ 1.89% 28.56
2028 58.70 Est @ 2.14% 26.73
2029 60.06 Est @ 2.32% 25.06
Present value of next 10 years cash flows $362.10
NYSE:TRK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $60.06 × (1 + 2.73%) ÷ (9.13% – 2.73%)
$963.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $963.42 ÷ (1 + 9.13%)10
$401.97
NYSE:TRK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $362.10 + $401.97
$764.07
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $764.07 / 40.84
$18.71
NYSE:TRK Discount to Share Price
Calculation Result
Value per share (USD) From above. $18.71
Current discount Discount to share price of $18.89
= -1 x ($18.89 - $18.71) / $18.71
-1%

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

  • The current share price of Speedway Motorsports is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Speedway Motorsports's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Speedway Motorsports's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:TRK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.26
NYSE:TRK Share Price ** NYSE (2019-07-19) in USD $18.89
United States of America Hospitality Industry PE Ratio Median Figure of 74 Publicly-Listed Hospitality Companies 21.9x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

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

** Primary Listing of Speedway Motorsports.

NYSE:TRK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:TRK Share Price ÷ EPS (both in USD)

= 18.89 ÷ 1.26

15.04x

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

  • Speedway Motorsports is good value based on earnings compared to the US Hospitality industry average.
  • Speedway Motorsports is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Speedway Motorsports's expected growth come at a high price?
Raw Data
NYSE:TRK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-3.4%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 56 Publicly-Listed Hospitality Companies 1.85x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NYSE:TRK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.04x ÷ -3.4%

-4.42x

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

  • Speedway Motorsports earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Speedway Motorsports's assets?
Raw Data
NYSE:TRK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $22.94
NYSE:TRK Share Price * NYSE (2019-07-19) in USD $18.89
United States of America Hospitality Industry PB Ratio Median Figure of 112 Publicly-Listed Hospitality Companies 2.17x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
NYSE:TRK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:TRK Share Price ÷ Book Value per Share (both in USD)

= 18.89 ÷ 22.94

0.82x

* Primary Listing of Speedway Motorsports.

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

  • Speedway Motorsports is good value based on assets compared to the US Hospitality industry average.
X
Value checks
We assess Speedway Motorsports'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. Speedway Motorsports has a total score of 3/6, 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.

TRK Future Performance

 How is Speedway Motorsports expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-3.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Speedway Motorsports expected to grow at an attractive rate?
  • Speedway Motorsports's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Speedway Motorsports's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Speedway Motorsports's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:TRK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:TRK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -3.4%
NYSE:TRK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.1%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NYSE:TRK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:TRK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 506 40 1
2022-12-31 495 39 1
2021-12-31 484 39 1
2020-12-31 473 109 38 1
2019-12-31 464 94 38 1
NYSE:TRK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 494 92 51
2018-12-31 462 90 40
2018-09-30 483 83 167
2018-06-30 454 90 152
2018-03-31 458 98 148
2017-12-31 458 91 148
2017-09-30 437 84 35
2017-06-30 477 99 39
2017-03-31 483 80 37
2016-12-31 495 114 40
2016-09-30 517 131 36
2016-06-30 491 129 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Speedway Motorsports's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Speedway Motorsports's revenue is expected to grow by 1.1% 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
NYSE:TRK 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 1 Analyst Estimates (S&P Global) See Below

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

NYSE:TRK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.99 0.99 0.99 1.00
2022-12-31 0.97 0.97 0.97 1.00
2021-12-31 0.96 0.96 0.96 1.00
2020-12-31 0.93 0.93 0.93 1.00
2019-12-31 0.94 0.94 0.94 1.00
NYSE:TRK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.26
2018-12-31 0.99
2018-09-30 4.09
2018-06-30 3.72
2018-03-31 3.61
2017-12-31 3.61
2017-09-30 0.85
2017-06-30 0.96
2017-03-31 0.89
2016-12-31 0.96
2016-09-30 0.87
2016-06-30 0.75

*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.
  • Speedway Motorsports is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Speedway Motorsports'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.
Speedway Motorsports has a total score of 0/6, 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.

TRK Past Performance

  How has Speedway Motorsports 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 Speedway Motorsports'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.
  • Speedway Motorsports has delivered over 20% year on year earnings growth in the past 5 years.
  • Speedway Motorsports's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Speedway Motorsports's 1-year earnings growth is negative, it can't be compared to the US Hospitality industry average.
Earnings and Revenue History
Speedway Motorsports'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 Speedway Motorsports Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:TRK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 493.84 51.32 101.78
2018-12-31 461.91 40.45 100.90
2018-09-30 483.08 167.30 100.20
2018-06-30 453.71 152.44 99.72
2018-03-31 457.88 147.86 99.41
2017-12-31 458.36 148.25 97.60
2017-09-30 437.39 34.85 96.88
2017-06-30 477.32 39.31 98.29
2017-03-31 483.00 36.75 98.66
2016-12-31 495.41 39.55 100.14
2016-09-30 517.27 35.95 101.62
2016-06-30 490.73 30.84 101.13
2016-03-31 494.37 -29.09 99.27
2015-12-31 474.72 -34.36 98.29
2015-09-30 492.77 -43.74 97.95
2015-06-30 488.49 -43.21 96.66
2015-03-31 485.04 19.17 96.82
2014-12-31 484.31 25.44 96.76
2014-09-30 482.42 88.69 113.25
2014-06-30 480.08 92.03 111.79
2014-03-31 480.97 -2.98 110.06
2013-12-31 480.65 -7.63 91.68
2013-09-30 480.56 -52.85 108.83
2013-06-30 485.32 -54.23 108.72
2013-03-31 489.58 40.54 109.29
2012-12-31 490.16 41.79 109.05
2012-09-30 497.22 37.76 110.13

*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.
  • Speedway Motorsports has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Speedway Motorsports used its assets less efficiently than the US Hospitality industry average last year based on Return on Assets.
  • Speedway Motorsports's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Speedway Motorsports'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.
Speedway Motorsports 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.

TRK Health

 How is Speedway Motorsports'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 Speedway Motorsports's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Speedway Motorsports is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Speedway Motorsports's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Speedway Motorsports'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 not covered by short term assets, assets are 0.8x 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 Speedway Motorsports Company Filings, last reported 3 months ago.

NYSE:TRK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 936.42 198.31 68.62
2018-12-31 934.76 198.17 80.57
2018-09-30 952.65 200.86 80.50
2018-06-30 934.94 204.56 88.50
2018-03-31 909.44 224.26 58.92
2017-12-31 919.22 227.11 81.92
2017-09-30 812.48 231.81 85.83
2017-06-30 809.38 236.51 87.65
2017-03-31 788.52 259.20 53.59
2016-12-31 797.78 262.06 79.34
2016-09-30 804.45 269.21 82.31
2016-06-30 796.84 289.21 84.10
2016-03-31 778.59 319.21 79.27
2015-12-31 784.84 315.02 82.01
2015-09-30 781.37 331.75 87.34
2015-06-30 779.16 348.86 98.10
2015-03-31 817.88 401.09 101.56
2014-12-31 847.78 404.82 110.05
2014-09-30 850.82 407.96 104.08
2014-06-30 842.28 428.51 95.36
2014-03-31 821.18 459.05 77.10
2013-12-31 825.99 469.58 97.34
2013-09-30 781.94 490.48 115.29
2013-06-30 775.86 511.37 120.29
2013-03-31 849.85 533.32 122.05
2012-12-31 857.88 523.85 106.41
2012-09-30 859.83 529.19 96.10
  • Speedway Motorsports's level of debt (21.2%) 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 (55.8% vs 21.2% today).
  • Debt is well covered by operating cash flow (46.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.1x coverage).
X
Financial health checks
We assess Speedway Motorsports'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. Speedway Motorsports 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.

TRK Dividends

 What is Speedway Motorsports'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
3.18%
Current annual income from Speedway Motorsports dividends. Estimated to be 3.18% next year.
If you bought $2,000 of Speedway Motorsports shares you are expected to receive $64 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?
  • Speedway Motorsports's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Speedway Motorsports's dividend is below the markets top 25% of dividend payers in United States of America (3.74%).
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
NYSE:TRK 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 1 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 47 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
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.

NYSE:TRK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.60 1.00
2022-12-31 0.60 1.00
2021-12-31 0.60 1.00
2020-12-31 0.60 1.00
2019-12-31 0.60 1.00
NYSE:TRK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.600 3.269
2019-02-12 0.600 3.869
2018-10-22 0.600 3.648
2018-07-25 0.600 3.466
2018-04-23 0.600 3.434
2018-02-12 0.600 3.235
2017-10-18 0.600 3.034
2017-07-19 0.600 2.861
2017-04-19 0.600 3.354
2017-02-15 0.600 3.044
2016-10-19 0.600 2.915
2016-07-19 0.600 3.374
2016-04-20 0.600 3.388
2015-10-14 0.600 3.188
2015-07-15 0.600 3.060
2015-04-16 0.600 2.654
2015-02-11 0.600 2.597
2014-10-16 0.600 2.880
2014-07-17 0.600 3.402
2014-04-15 0.600 3.317
2014-02-12 0.600 3.136
2013-10-17 0.600 3.101
2013-07-18 0.600 3.256
2013-04-16 0.600 3.323
2013-02-13 0.600 3.438
2012-10-18 0.600 3.577
2012-07-20 0.600 3.791
2012-04-17 0.600 3.578
2012-02-22 0.600 3.628
2011-10-19 0.400 2.804
2011-07-20 0.400 3.141
2011-04-20 0.400 2.787
2011-02-16 0.400 2.660
2010-10-20 0.400 2.609
2010-07-28 0.400 2.725
2010-05-05 0.400 2.837
2010-02-16 0.400 2.453
2009-10-21 0.360 2.219
2009-07-22 0.360 2.396
2009-04-21 0.360 2.399
2009-02-10 0.360 3.029
2008-10-03 0.340 2.308

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 Speedway Motorsports's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Speedway Motorsports'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 Speedway Motorsports afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Speedway Motorsports has a total score of 5/6, see the detailed checks below.


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

TRK Management

 What is the CEO of Speedway Motorsports'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
Marcus Smith
COMPENSATION $2,520,055
AGE 45
TENURE AS CEO 4.4 years
CEO Bio

Mr. Marcus G. Smith has been the Chief Executive Officer of Speedway Motorsports, Inc. since February 2015 and its President since May 29, 2008. Mr. Smith served as the Chief Operating Officer of Speedway Motorsports, Inc. since May 29, 2008 until February 2015. He also serves as General Manager of Lowe's Motor Speedway. He served as Executive Vice President of national sales and marketing at Speedway Motorsports, Inc. from February 2003 to May 29, 2008. Mr. Smith joined Speedway Motorsports, Inc. in 1996 as a sales associate at Lowe's Motor Speedway. In 1999, after the successful completion of the first naming rights agreement in the motorsports industry, the renaming of Charlotte Motor Speedway to Lowe's Motor Speedway, Mr. Smith served as manager of new business development for SMI and vice president of business development in 2001. He has been a Director of Speedway Motorsports, Inc. since February 19, 2004. In September 2015, Mr. Smith was appointed to serve as Chief Executive Officer of Atlanta Motor Speedway, LLC, Bristol Motor Speedway, LLC, Charlotte Motor Speedway, LLC, Kentucky Raceway, LLC d/b/a Kentucky Speedway, Nevada Speedway, LLC d/b/a Las Vegas Motor Speedway, New Hampshire Motor Speedway, Inc., Speedway Sonoma, LLC and Texas Motor Speedway, Inc.

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

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

3.3
Average Tenure
60.5
Average Age
  • The tenure for the Speedway Motorsports management team is about average.
Management Team

O. Smith

TITLE
Executive Chairman
COMPENSATION
$2M
AGE
92

Marcus Smith

TITLE
President
COMPENSATION
$3M
AGE
45
TENURE
4.4 yrs

William Brooks

TITLE
Vice-Chairman
COMPENSATION
$2M
AGE
69
TENURE
24.6 yrs

James Scudder

TITLE
Chief Accounting Officer & Senior VP
AGE
61

J. Tharrington

TITLE
Senior VP
TENURE
3.3 yrs

W. Smith

TITLE
Senior Vice President of Corporate Sales & Partnerships
TENURE
0.8 yrs

Cynthia Jacobson

TITLE
Senior Vice President of HR
TENURE
3.3 yrs

Mark Simendinger

TITLE
Executive VP & GM of Kentucky Speedway
AGE
60

Jerry Caldwell

TITLE
Executive VP & GM of Bristol Motor Speedway LLC
AGE
43

Randall Storey

TITLE
Senior VP & Tax Director
Board of Directors Tenure

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

13.3
Average Tenure
67.5
Average Age
  • The average tenure for the Speedway Motorsports board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

O. Smith

TITLE
Executive Chairman
COMPENSATION
$2M
AGE
92
TENURE
24.6 yrs

Marcus Smith

TITLE
President
COMPENSATION
$3M
AGE
45
TENURE
15.4 yrs

William Brooks

TITLE
Vice-Chairman
COMPENSATION
$2M
AGE
69
TENURE
11.2 yrs

Mark Gambill

TITLE
Independent Director
COMPENSATION
$184K
AGE
68
TENURE
24.5 yrs

James Holden

TITLE
Lead Independent Director
COMPENSATION
$192K
AGE
67
TENURE
4.4 yrs

Tom Smith

TITLE
Independent Director
COMPENSATION
$187K
AGE
77
TENURE
18.5 yrs

Barry Byrd

TITLE
Independent Director
COMPENSATION
$176K
AGE
57
TENURE
4.4 yrs

B. Smith

TITLE
Director
COMPENSATION
$88K
AGE
51
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Speedway Motorsports'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. Speedway Motorsports 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.

TRK News

Simply Wall St News

What Should We Expect From Speedway Motorsports, Inc.'s (NYSE:TRK) Earnings In The Years Ahead?

The most recent earnings announcement Speedway Motorsports, Inc.'s (NYSE:TRK) released in December 2018a

Simply Wall St -

What Can We Expect From Speedway Motorsports, Inc.'s (NYSE:TRK) Earnings In The Year Ahead?

After Speedway Motorsports, Inc.'s (NYSE:TRK) earnings announcement on 31 December 2018, … as a -4.1% fall in profits is expected in the upcoming year

Simply Wall St -

Is There Now An Opportunity In Speedway Motorsports, Inc. (NYSE:TRK)?

saw significant share price movement during recent months on the NYSE, rising to highs of $17.98 and falling to the lows of $13.96. … A question to answer is whether Speedway Motorsports's current trading price of $14.47 reflective of the actual value of the? … Let’s take a look at Speedway Motorsports’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 -

Imagine Owning Speedway Motorsports (NYSE:TRK) And Wondering If The 20% Share Price Slide Is Justified

(NYSE:TRK), since the last five years saw the share price fall 20%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, Speedway Motorsports moved from a loss to profitability.

Simply Wall St -

Does Speedway Motorsports, Inc. (NYSE:TRK) Have A Particularly Volatile Share Price?

(NYSE:TRK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Income Investors Should Know The Speedway Motorsports, Inc. (NYSE:TRK) Ex-Dividend Date

To qualify for the dividend check of US$0.15 per share, investors must have owned the shares prior to 28 February 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Below, I will explain how holding Speedway Motorsports can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

Why Speedway Motorsports, Inc.’s (NYSE:TRK) Return On Capital Employed Might Be A Concern

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Speedway Motorsports, Inc. (NYSE:TRK): Time For A Financial Health Check

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Does Speedway Motorsports, Inc.'s (NYSE:TRK) P/E Ratio Signal A Buying Opportunity?

We'll show how you can use Speedway Motorsports, Inc.'s (NYSE:TRK) P/E ratio to inform your assessment of the investment opportunity. … Speedway Motorsports has a price to earnings ratio of 4.16, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

How Much is Speedway Motorsports Inc's (NYSE:TRK) CEO Getting Paid?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Marcus Smith's Compensation Compare With Similar Sized Companies. … According to our data, Speedway Motorsports Inc has a market capitalization of US$722m, and pays its CEO total annual compensation worth US$2.4m

Simply Wall St -

TRK Company Info

Description

Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The company owns and operates eight racing facilities, including Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, and Texas Motor Speedway racing facilities. As of December 31, 2018, its racing facilities included total seating capacity of approximately 692,000, with 754 luxury suites. The company also provides souvenir merchandising, including screen-printing and embroidery, as well as food, beverage, and hospitality catering services; and radio programming, production, and distribution services. In addition, it manufactures and distributes modified racing cars and parts; produces and sells micro-lubricant; distributes, wholesales, and retails motorsports and other sports-related souvenir merchandise and apparel; leases natural gas mineral rights; and rents office, warehouse, and industrial park space, as well as track rentals for motorsports and non-motorsports events and activities, and driving schools. The company was founded in 1959 and is based in Concord, North Carolina. Speedway Motorsports, Inc. is a subsidiary of Sonic Financial Corporation.

Details
Name: Speedway Motorsports, Inc.
TRK
Exchange: NYSE
Founded: 1959
$771,418,523
40,837,402
Website: http://www.speedwaymotorsports.com
Address: Speedway Motorsports, Inc.
5555 Concord Parkway South,
Concord,
North Carolina, 28027,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE TRK Common Stock New York Stock Exchange US USD 24. Feb 1995
DB SYX Common Stock Deutsche Boerse AG DE EUR 24. Feb 1995
Number of employees
Current staff
Staff numbers
889
Speedway Motorsports employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 23:45
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.