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GOLDEN ENTERTAINMENT INC (GDEN) Stock Fundamental Analysis

NASDAQ:GDEN - Nasdaq - US3810131017 - Common Stock - Currency: USD

32.45  -1.01 (-3.02%)

After market: 32.45 0 (0%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to GDEN. GDEN was compared to 135 industry peers in the Hotels, Restaurants & Leisure industry. While GDEN is still in line with the averages on profitability rating, there are concerns on its financial health. GDEN does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

GDEN had positive earnings in the past year.
GDEN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: GDEN reported negative net income in multiple years.
Each year in the past 5 years GDEN had a positive operating cash flow.
GDEN Yearly Net Income VS EBIT VS OCF VS FCFGDEN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M

1.2 Ratios

GDEN has a Return On Assets (3.48%) which is comparable to the rest of the industry.
GDEN's Return On Equity of 7.48% is fine compared to the rest of the industry. GDEN outperforms 62.60% of its industry peers.
The Return On Invested Capital of GDEN (4.84%) is comparable to the rest of the industry.
GDEN had an Average Return On Invested Capital over the past 3 years of 8.97%. This is in line with the industry average of 10.84%.
The 3 year average ROIC (8.97%) for GDEN is well above the current ROIC(4.84%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 3.48%
ROE 7.48%
ROIC 4.84%
ROA(3y)11.03%
ROA(5y)4.42%
ROE(3y)40.51%
ROE(5y)4.64%
ROIC(3y)8.97%
ROIC(5y)N/A
GDEN Yearly ROA, ROE, ROICGDEN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 -60 -80

1.3 Margins

GDEN has a Profit Margin (5.23%) which is comparable to the rest of the industry.
GDEN's Operating Margin of 7.53% is in line compared to the rest of the industry. GDEN outperforms 44.27% of its industry peers.
In the last couple of years the Operating Margin of GDEN has grown nicely.
GDEN has a Gross Margin of 51.07%. This is comparable to the rest of the industry: GDEN outperforms 58.02% of its industry peers.
In the last couple of years the Gross Margin of GDEN has grown nicely.
Industry RankSector Rank
OM 7.53%
PM (TTM) 5.23%
GM 51.07%
OM growth 3YN/A
OM growth 5Y8.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.77%
GM growth 5Y1.66%
GDEN Yearly Profit, Operating, Gross MarginsGDEN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40

3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GDEN is destroying value.
The number of shares outstanding for GDEN has been increased compared to 1 year ago.
Compared to 5 years ago, GDEN has more shares outstanding
The debt/assets ratio for GDEN has been reduced compared to a year ago.
GDEN Yearly Shares OutstandingGDEN Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
GDEN Yearly Total Debt VS Total AssetsGDEN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of 1.79, we must say that GDEN is in the distress zone and has some risk of bankruptcy.
GDEN's Altman-Z score of 1.79 is in line compared to the rest of the industry. GDEN outperforms 54.96% of its industry peers.
The Debt to FCF ratio of GDEN is 80.87, which is on the high side as it means it would take GDEN, 80.87 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 80.87, GDEN is not doing good in the industry: 64.12% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.75 indicates that GDEN is somewhat dependend on debt financing.
GDEN's Debt to Equity ratio of 0.75 is fine compared to the rest of the industry. GDEN outperforms 66.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 80.87
Altman-Z 1.79
ROIC/WACC0.46
WACC10.64%
GDEN Yearly LT Debt VS Equity VS FCFGDEN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 1.11 indicates that GDEN should not have too much problems paying its short term obligations.
GDEN has a Current ratio of 1.11. This is in the better half of the industry: GDEN outperforms 61.07% of its industry peers.
A Quick Ratio of 1.03 indicates that GDEN should not have too much problems paying its short term obligations.
GDEN has a Quick ratio of 1.03. This is in the better half of the industry: GDEN outperforms 62.60% of its industry peers.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 1.03
GDEN Yearly Current Assets VS Current LiabilitesGDEN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 134.02% over the past year.
GDEN shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -33.47%.
Measured over the past years, GDEN shows a small growth in Revenue. The Revenue has been growing by 4.34% on average per year.
EPS 1Y (TTM)134.02%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%108.57%
Revenue 1Y (TTM)-33.47%
Revenue growth 3Y14.9%
Revenue growth 5Y4.34%
Sales Q2Q%-37.44%

3.2 Future

The Earnings Per Share is expected to grow by 33.69% on average over the next years. This is a very strong growth
Based on estimates for the next years, GDEN will show a decrease in Revenue. The Revenue will decrease by -9.56% on average per year.
EPS Next Y248.02%
EPS Next 2Y65.73%
EPS Next 3Y43.44%
EPS Next 5Y33.69%
Revenue Next Year-36.45%
Revenue Next 2Y-19.52%
Revenue Next 3Y-12.78%
Revenue Next 5Y-9.56%

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
GDEN Yearly Revenue VS EstimatesGDEN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
GDEN Yearly EPS VS EstimatesGDEN Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2 4 -4 6 8

3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 98.33 indicates a quite expensive valuation of GDEN.
63.36% of the companies in the same industry are cheaper than GDEN, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 29.62, GDEN is valued quite expensively.
With a Price/Forward Earnings ratio of 35.34, GDEN can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GDEN is on the same level as its industry peers.
GDEN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.70.
Industry RankSector Rank
PE 98.33
Fwd PE 35.34
GDEN Price Earnings VS Forward Price EarningsGDEN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GDEN indicates a somewhat cheap valuation: GDEN is cheaper than 79.39% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, GDEN is valued a bit more expensive than 61.83% of the companies in the same industry.
Industry RankSector Rank
P/FCF 183.83
EV/EBITDA 8.4
GDEN Per share dataGDEN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

GDEN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GDEN's earnings are expected to grow with 43.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y65.73%
EPS Next 3Y43.44%

4

5. Dividend

5.1 Amount

GDEN has a Yearly Dividend Yield of 2.99%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.13, GDEN pays a better dividend. On top of this GDEN pays more dividend than 87.79% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, GDEN pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.99%

5.2 History

GDEN is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
GDEN Yearly Dividends per shareGDEN Yearly Dividends per shareYearly Dividends per share 2023 2024 0.5 1 1.5

5.3 Sustainability

GDEN pays out 37.48% of its income as dividend. This is a sustainable payout ratio.
DP37.48%
EPS Next 2Y65.73%
EPS Next 3Y43.44%
GDEN Yearly Income VS Free CF VS DividendGDEN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M
GDEN Dividend Payout.GDEN Dividend Payout, showing the Payout Ratio.GDEN Dividend Payout.PayoutRetained Earnings

GOLDEN ENTERTAINMENT INC

NASDAQ:GDEN (2/21/2025, 8:23:13 PM)

After market: 32.45 0 (0%)

32.45

-1.01 (-3.02%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)02-27 2025-02-27/amc
Inst Owners69%
Inst Owner Change-87.96%
Ins Owners26.4%
Ins Owner Change-0.37%
Market Cap890.10M
Analysts80
Price Target37.45 (15.41%)
Short Float %4.72%
Short Ratio4.79
Dividend
Industry RankSector Rank
Dividend Yield 2.99%
Yearly Dividend2.03
Dividend Growth(5Y)N/A
DP37.48%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)24.96%
Min EPS beat(2)-89.86%
Max EPS beat(2)139.77%
EPS beat(4)1
Avg EPS beat(4)-22.34%
Min EPS beat(4)-89.86%
Max EPS beat(4)139.77%
EPS beat(8)1
Avg EPS beat(8)-155.8%
EPS beat(12)2
Avg EPS beat(12)-100.23%
EPS beat(16)5
Avg EPS beat(16)-26.11%
Revenue beat(2)0
Avg Revenue beat(2)-4.04%
Min Revenue beat(2)-5.51%
Max Revenue beat(2)-2.58%
Revenue beat(4)1
Avg Revenue beat(4)-2.43%
Min Revenue beat(4)-5.51%
Max Revenue beat(4)1.71%
Revenue beat(8)2
Avg Revenue beat(8)-1.5%
Revenue beat(12)4
Avg Revenue beat(12)-1.07%
Revenue beat(16)8
Avg Revenue beat(16)0.96%
PT rev (1m)-0.1%
PT rev (3m)-0.77%
EPS NQ rev (1m)-7.35%
EPS NQ rev (3m)-12.58%
EPS NY rev (1m)-0.76%
EPS NY rev (3m)2.9%
Revenue NQ rev (1m)0.12%
Revenue NQ rev (3m)-0.07%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-0.16%
Valuation
Industry RankSector Rank
PE 98.33
Fwd PE 35.34
P/S 1.21
P/FCF 183.83
P/OCF 14.66
P/B 1.73
P/tB 2.4
EV/EBITDA 8.4
EPS(TTM)0.33
EY1.02%
EPS(NY)0.92
Fwd EY2.83%
FCF(TTM)0.18
FCFY0.54%
OCF(TTM)2.21
OCFY6.82%
SpS26.73
BVpS18.71
TBVpS13.49
PEG (NY)0.4
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 3.48%
ROE 7.48%
ROCE 5.49%
ROIC 4.84%
ROICexc 5.2%
ROICexgc 6.13%
OM 7.53%
PM (TTM) 5.23%
GM 51.07%
FCFM 0.66%
ROA(3y)11.03%
ROA(5y)4.42%
ROE(3y)40.51%
ROE(5y)4.64%
ROIC(3y)8.97%
ROIC(5y)N/A
ROICexc(3y)10.24%
ROICexc(5y)N/A
ROICexgc(3y)12.51%
ROICexgc(5y)N/A
ROCE(3y)10.17%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y10.72%
ROICexc growth 3YN/A
ROICexc growth 5Y14.42%
OM growth 3YN/A
OM growth 5Y8.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.77%
GM growth 5Y1.66%
F-Score6
Asset Turnover0.67
Health
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 80.87
Debt/EBITDA 2.68
Cap/Depr 62.71%
Cap/Sales 7.62%
Interest Coverage 0.97
Cash Conversion 42.06%
Profit Quality 12.62%
Current Ratio 1.11
Quick Ratio 1.03
Altman-Z 1.79
F-Score6
WACC10.64%
ROIC/WACC0.46
Cap/Depr(3y)58.46%
Cap/Depr(5y)59.35%
Cap/Sales(3y)5.14%
Cap/Sales(5y)6.34%
Profit Quality(3y)99.26%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)134.02%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%108.57%
EPS Next Y248.02%
EPS Next 2Y65.73%
EPS Next 3Y43.44%
EPS Next 5Y33.69%
Revenue 1Y (TTM)-33.47%
Revenue growth 3Y14.9%
Revenue growth 5Y4.34%
Sales Q2Q%-37.44%
Revenue Next Year-36.45%
Revenue Next 2Y-19.52%
Revenue Next 3Y-12.78%
Revenue Next 5Y-9.56%
EBIT growth 1Y-54.56%
EBIT growth 3YN/A
EBIT growth 5Y13.49%
EBIT Next Year-62.66%
EBIT Next 3Y-26.27%
EBIT Next 5Y-19.88%
FCF growth 1Y-96.33%
FCF growth 3Y450.28%
FCF growth 5Y3.03%
OCF growth 1Y-65.07%
OCF growth 3Y48.1%
OCF growth 5Y3.99%