Caesars Entertainment, Inc.
CZR
Hotels & Motels
Mkt Cap
$7.184BPE
9.40Debt
$12.53BCash
$726MEV
$18.99BFCF
$459MP/E Ratio
9.40Debt
$12.53BCash
$726MEV
$18.99BFCF
$459MCharts data: {"Earnings":[{"time":"2014-12-30","value":-14425000},{"time":"2015-12-30","value":114183000},{"time":"2016-12-30","value":24802000},{"time":"2017-12-30","value":73940000},{"time":"2018-12-30","value":95235000},{"time":"2019-12-30","value":81001000},{"time":"2020-12-30","value":-1758000000},{"time":"2021-12-30","value":-1019000000},{"time":"2022-12-30","value":-910000000},{"time":"2023-12-30","value":786000000}],"Sales":[{"time":"2014-12-30","value":410272000},{"time":"2015-12-30","value":719784000},{"time":"2016-12-30","value":892896000},{"time":"2017-12-30","value":1473504000},{"time":"2018-12-30","value":2056007000},{"time":"2019-12-30","value":2528249000},{"time":"2020-12-30","value":3474000000},{"time":"2021-12-30","value":9570000000},{"time":"2022-12-30","value":10821000000},{"time":"2023-12-30","value":11528000000}],"Net Margins":[{"time":"2014-12-30","value":-0.03515960143514547},{"time":"2015-12-30","value":0.15863509052715816},{"time":"2016-12-30","value":0.02777703114360463},{"time":"2017-12-30","value":0.05017970768996895},{"time":"2018-12-30","value":0.04632036758629713},{"time":"2019-12-30","value":0.032038379131169435},{"time":"2020-12-30","value":-0.5060449050086355},{"time":"2021-12-30","value":-0.106478578892372},{"time":"2022-12-30","value":-0.08409573976527124},{"time":"2023-12-30","value":0.06818181818181818}],"Assets":[{"time":"2014-12-30","value":1175330000},{"time":"2015-12-30","value":1325008000},{"time":"2016-12-30","value":1294044000},{"time":"2017-12-30","value":3546472000},{"time":"2018-12-30","value":5911462000},{"time":"2019-12-30","value":5640553000},{"time":"2020-12-30","value":36385000000},{"time":"2021-12-30","value":38031000000},{"time":"2022-12-30","value":33527000000},{"time":"2023-12-30","value":33366000000}],"Stockholders Equity":[{"time":"2014-12-30","value":151622000},{"time":"2015-12-30","value":270667000},{"time":"2016-12-30","value":298451000},{"time":"2017-12-30","value":945126000},{"time":"2018-12-30","value":1029153000},{"time":"2019-12-30","value":1117257000},{"time":"2020-12-30","value":5034000000},{"time":"2021-12-30","value":4541000000},{"time":"2022-12-30","value":3751000000},{"time":"2023-12-30","value":4720000000}],"ROE":[{"time":"2014-12-30","value":-0.09513790874675179},{"time":"2015-12-30","value":0.42185785485485855},{"time":"2016-12-30","value":0.08310241882252029},{"time":"2017-12-30","value":0.07823295518269521},{"time":"2018-12-30","value":0.09253726122354985},{"time":"2019-12-30","value":0.07249988140597911},{"time":"2020-12-30","value":-0.3492252681764005},{"time":"2021-12-30","value":-0.2243999119136754},{"time":"2022-12-30","value":-0.2426019728072514},{"time":"2023-12-30","value":0.16652542372881357}],"ROA":[{"time":"2014-12-30","value":0.014936230675640033},{"time":"2015-12-30","value":0.054728726166181636},{"time":"2016-12-30","value":0.06886782829641032},{"time":"2017-12-30","value":0.02675024644209795},{"time":"2018-12-30","value":0.05245791988513163},{"time":"2019-12-30","value":0.07268312167264451},{"time":"2020-12-30","value":-0.012010443864229765},{"time":"2021-12-30","value":0.03838973469012122},{"time":"2022-12-30","value":0.051868643183106154},{"time":"2023-12-30","value":0.07408739435353354}]}
Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company owns, leases, or manages domestic properties in 16 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts sports wagering across 28 jurisdictions in North America, including mobile for sports betting and regulated online real money gaming in six jurisdictions in North America; retail and online gaming and sports betting; and other games, such as keno. In addition, the company operates dining venues, bars, nightclubs, lounges, hotels, and entertainment venues; and provides staffing and management services. Caesars Entertainment, Inc. was founded in 1937 and is based in Reno, Nevada.
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DCF
Discounted Cash Flow Valuation of Caesars Entertainment, Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $459M | $596.7M | $759.1M | $944.7M | $1.149B | $1.366B | $1.587B | $1.798B | $1.988B | $2.143B | $2.25B | $22.5B |
| DCF | $518.9M | $574M | $621.2M | $657.2M | $679.4M | $686M | $676M | $649.9M | $609.1M | $556.1M | $5.561B | |
| Value | $11.79B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 35%
Earnings Stability 3.4%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 16% | 2.8% | 5% | 4.6% | 3.2% | -51% | -11% | -8.4% | 6.8% | 6.7% |
| ROA | 5.5% | 6.9% | 2.7% | 5.2% | 7.3% | -1.2% | 3.8% | 5.2% | 7.4% | 7.1% |
| ROE | 42% | 8.3% | 7.8% | 9.3% | 7.2% | -35% | -22% | -24% | 17% | 17% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -9.17%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.46%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +4.62%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +0.27%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is -8.08%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -1.29%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 43.41 | 16.49 | 47.32 | 18.77 | 19.99 | -20.26 | 21.20 | 321.78 | 22.94 | 27.30 |
| Debt Equity | 3.20 | 2.77 | 2.34 | 3.21 | 2.55 | 3.00 | 3.17 | 3.52 | 2.65 | 2.73 |
| MIN | ||||||||||
| Graham Stability | - | - | 100% | 100% | 100% | -2.1K% | - | - | - | -2.1K% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 27.30.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 27.65.
What is the Graham’s Stability?
Graham’s Stability measure stands at -21.08.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 44% | 41% | 49% | 6.5% | -1.5% |
| Net Income | 64% | 53% | - | - | 2.1% |
| Stockholders Equity | 48% | 36% | -2.1% | 26% | -6.7% |
| FCF | 41% | 25% | - | 1.2K% | 86% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +41.17%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -1.5%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +52.52%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +2.07%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +35.61%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -6.75%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +25.38%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +86.16%.