Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States.
Excellent balance sheet established dividend payer.
Share Price & News
How has Speedway Motorsports's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRK has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TRK underperformed the US Hospitality industry which returned 20.1% over the past year.
Return vs Market: TRK underperformed the US Market which returned 24.7% over the past year.
Price Volatility Vs. Market
How volatile is Speedway Motorsports's share price compared to the market and industry in the last 5 years?
Simply Wall St News
11 months ago | Simply Wall StWhat Should We Expect From Speedway Motorsports, Inc.'s (NYSE:TRK) Earnings In The Years Ahead?
11 months ago | Simply Wall StWhat Can We Expect From Speedway Motorsports, Inc.'s (NYSE:TRK) Earnings In The Year Ahead?
1 year ago | Simply Wall StIs There Now An Opportunity In Speedway Motorsports, Inc. (NYSE:TRK)?
Is Speedway Motorsports undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TRK ($19.78) is trading above our estimate of fair value ($14.34)
Significantly Below Fair Value: TRK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TRK is good value based on its PE Ratio (21.3x) compared to the Hospitality industry average (25.1x).
PE vs Market: TRK is poor value based on its PE Ratio (21.3x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: TRK is poor value based on its PEG Ratio (8.5x)
Price to Book Ratio
PB vs Industry: TRK is good value based on its PB Ratio (0.9x) compared to the US Hospitality industry average (2.4x).
How is Speedway Motorsports forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRK's forecast earnings growth (2.5% per year) is below the savings rate (2.7%).
Earnings vs Market: TRK's earnings (2.5% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: TRK's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRK's revenue (1.8% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: TRK's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRK's Return on Equity is forecast to be low in 3 years time (4.2%).
How has Speedway Motorsports performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRK has high quality earnings.
Growing Profit Margin: TRK's current net profit margins (8.1%) are lower than last year (33.3%).
Past Earnings Growth Analysis
Earnings Trend: TRK's earnings have grown significantly by 27.2% per year over the past 5 years.
Accelerating Growth: TRK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TRK had negative earnings growth (-74.9%) over the past year, making it difficult to compare to the Hospitality industry average (-18.9%).
Return on Equity
High ROE: TRK's Return on Equity (4%) is considered low.
How is Speedway Motorsports's financial position?
Financial Position Analysis
Short Term Liabilities: TRK's short term assets ($176.1M) exceed its short term liabilities ($99.4M).
Long Term Liabilities: TRK's short term assets ($176.1M) do not cover its long term liabilities ($421.0M).
Debt to Equity History and Analysis
Debt Level: TRK's debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: TRK's debt to equity ratio has reduced from 50.8% to 20.9% over the past 5 years.
Debt Coverage: TRK's debt is well covered by operating cash flow (39.8%).
Interest Coverage: TRK's interest payments on its debt are well covered by EBIT (6x coverage).
Inventory Level: TRK has a high level of physical assets or inventory.
Debt Coverage by Assets: TRK's debt is not covered by short term assets (assets are 0.9x debt).
What is Speedway Motorsports's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRK's dividend (3.03%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: TRK's dividend (3.03%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: TRK's dividends per share have been stable in the past 10 years.
Growing Dividend: TRK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.5%), TRK's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRK's dividends in 3 years are forecast to be covered by earnings (60.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Marcus Smith (45yo)
Mr. Marcus G. Smith has been the Chief Executive Officer of Speedway Motorsports, Inc. since February 2015 and its President since May 29, 2008. Mr. Smith served as the Chief Operating Officer of Speedway ...
CEO Compensation Analysis
Compensation vs Market: Marcus's total compensation ($USD2.52M) is about average for companies of similar size in the US market ($USD2.53M).
Compensation vs Earnings: Marcus's compensation has been consistent with company performance over the past year.
|Executive Chairman||24.75yrs||US$2.46m||0.028% $225.1k|
|Chief Accounting Officer & Senior VP||no data||no data||no data|
|Senior VP||3.42yrs||no data||no data|
|Senior Vice President of Corporate Sales & Partnerships||1yr||no data||no data|
|Senior Vice President of HR||3.42yrs||no data||no data|
|Executive VP & GM of Kentucky Speedway||no data||no data||no data|
|Executive VP & GM of Bristol Motor Speedway LLC||no data||no data||no data|
|Senior VP & Tax Director||no data||no data||0.065% $525.7k|
Experienced Management: TRK's management team is considered experienced (3.4 years average tenure).
|Executive Chairman||24.75yrs||US$2.46m||0.028% $225.1k|
|Lead Independent Director||4.58yrs||US$192.29k||0.12% $948.2k|
|Independent Director||18.67yrs||US$187.29k||0.13% $1.0m|
|Independent Director||24.67yrs||US$184.29k||0.12% $987.8k|
|Independent Director||4.58yrs||US$175.79k||0.050% $407.5k|
Experienced Board: TRK's board of directors are seasoned and experienced ( 13.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TRK insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Speedway Motorsports, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Speedway Motorsports, Inc.
- Ticker: TRK
- Exchange: NYSE
- Founded: 1959
- Industry: Leisure Facilities
- Sector: Consumer Services
- Market Cap: US$808.090m
- Shares outstanding: 40.85m
- Website: https://www.speedwaymotorsports.com
Number of Employees
- Speedway Motorsports, Inc.
- 5555 Concord Parkway South
- North Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TRK||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Feb 1995|
|SYX||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Feb 1995|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/09/18 23:41|
|End of Day Share Price||2019/09/17 00:00|
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.