GOLDEN ENTERTAINMENT INC (GDEN) Stock Fundamental Analysis
NASDAQ:GDEN - Nasdaq - US3810131017 - Common Stock - Currency: USD
Overall GDEN gets a fundamental rating of 4 out of 10. We evaluated GDEN against 136 industry peers in the Hotels, Restaurants & Leisure industry. GDEN has only an average score on both its financial health and profitability. GDEN is not valued too expensively and it also shows a decent growth rate.
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.
GDEN had positive earnings in 4 of the past 5 years.
GDEN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of GDEN (4.70%) is better than 68.38% of its industry peers.
GDEN has a better Return On Equity (10.70%) than 69.85% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.55%, GDEN is doing worse than 60.29% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GDEN is significantly below the industry average of 15.69%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.7% | ||
| ROE | 10.7% | ||
| ROIC | 3.55% |
ROA(3y)9.25%
ROA(5y)5.82%
ROE(3y)27.19%
ROE(5y)9.51%
ROIC(3y)5.89%
ROIC(5y)N/A
1.3 Margins
GDEN has a Profit Margin of 7.61%. This is in the better half of the industry: GDEN outperforms 62.50% of its industry peers.
In the last couple of years the Profit Margin of GDEN has declined.
Looking at the Operating Margin, with a value of 7.10%, GDEN is in line with its industry, outperforming 44.12% of the companies in the same industry.
In the last couple of years the Operating Margin of GDEN has grown nicely.
The Gross Margin of GDEN (54.13%) is better than 66.18% of its industry peers.
In the last couple of years the Gross Margin of GDEN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.1% | ||
| PM (TTM) | 7.61% | ||
| GM | 54.13% |
OM growth 3Y-22.49%
OM growth 5Y6.45%
PM growth 3Y-19.81%
PM growth 5YN/A
GM growth 3Y6.15%
GM growth 5Y5.94%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GDEN is destroying value.
GDEN has less shares outstanding than it did 1 year ago.
GDEN has less shares outstanding than it did 5 years ago.
GDEN has a better debt/assets ratio than last year.
2.2 Solvency
GDEN has an Altman-Z score of 1.42. This is a bad value and indicates that GDEN is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.42, GDEN is in line with its industry, outperforming 49.26% of the companies in the same industry.
GDEN has a debt to FCF ratio of 9.67. This is a negative value and a sign of low solvency as GDEN would need 9.67 years to pay back of all of its debts.
GDEN has a Debt to FCF ratio of 9.67. This is in the better half of the industry: GDEN outperforms 63.97% of its industry peers.
GDEN has a Debt/Equity ratio of 0.85. This is a neutral value indicating GDEN is somewhat dependend on debt financing.
GDEN's Debt to Equity ratio of 0.85 is fine compared to the rest of the industry. GDEN outperforms 65.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 9.67 | ||
| Altman-Z | 1.42 |
ROIC/WACC0.4
WACC8.85%
2.3 Liquidity
GDEN has a Current Ratio of 1.03. This is a normal value and indicates that GDEN is financially healthy and should not expect problems in meeting its short term obligations.
GDEN's Current ratio of 1.03 is in line compared to the rest of the industry. GDEN outperforms 59.56% of its industry peers.
GDEN has a Quick Ratio of 1.03. This is a bad value and indicates that GDEN is not financially healthy enough and could expect problems in meeting its short term obligations.
GDEN has a Quick ratio (0.95) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 127.64% over the past year.
Measured over the past years, GDEN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -59.56% on average per year.
The Revenue for GDEN has decreased by -36.69% in the past year. This is quite bad
GDEN shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -7.29% yearly.
EPS 1Y (TTM)127.64%
EPS 3Y-59.56%
EPS 5YN/A
EPS Q2Q%11.11%
Revenue 1Y (TTM)-36.69%
Revenue growth 3Y-15.28%
Revenue growth 5Y-7.29%
Sales Q2Q%-28.82%
3.2 Future
Based on estimates for the next years, GDEN will show a very strong growth in Earnings Per Share. The EPS will grow by 65.15% on average per year.
Based on estimates for the next years, GDEN will show a small growth in Revenue. The Revenue will grow by 1.96% on average per year.
EPS Next Y101.05%
EPS Next 2Y71.65%
EPS Next 3Y65.15%
EPS Next 5YN/A
Revenue Next Year-0.02%
Revenue Next 2Y1.27%
Revenue Next 3Y1.96%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 74.76, GDEN can be considered very expensive at the moment.
Based on the Price/Earnings ratio, GDEN is valued a bit more expensive than the industry average as 61.03% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 27.63, GDEN is valued quite expensively.
A Price/Forward Earnings ratio of 37.19 indicates a quite expensive valuation of GDEN.
GDEN's Price/Forward Earnings ratio is in line with the industry average.
GDEN's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 20.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 74.76 | ||
| Fwd PE | 37.19 |
4.2 Price Multiples
80.15% of the companies in the same industry are more expensive than GDEN, based on the Enterprise Value to EBITDA ratio.
77.94% of the companies in the same industry are more expensive than GDEN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.84 | ||
| EV/EBITDA | 7.46 |
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.
A more expensive valuation may be justified as GDEN's earnings are expected to grow with 65.15% in the coming years.
PEG (NY)0.74
PEG (5Y)N/A
EPS Next 2Y71.65%
EPS Next 3Y65.15%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.91%, GDEN has a reasonable but not impressive dividend return.
In the last 3 months the price of GDEN has falen by -23.04%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 3.92, GDEN pays a better dividend. On top of this GDEN pays more dividend than 88.97% of the companies listed in the same industry.
GDEN's Dividend Yield is rather good when compared to the S&P500 average which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
5.2 History
GDEN has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
42.00% of the earnings are spent on dividend by GDEN. This is a bit on the high side, but may be sustainable.
DP42%
EPS Next 2Y71.65%
EPS Next 3Y65.15%
25.42
-0.14 (-0.55%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners69%
Inst Owner Change-0.12%
Ins Owners26.4%
Ins Owner Change1.46%
Market Cap672.10M
Analysts80
Price Target37.59 (47.88%)
Short Float %4.51%
Short Ratio4.51
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
Yearly Dividend0.77
Dividend Growth(5Y)N/A
DP42%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)43.01%
Min EPS beat(2)-53.76%
Max EPS beat(2)139.77%
EPS beat(4)1
Avg EPS beat(4)-19.77%
Min EPS beat(4)-89.86%
Max EPS beat(4)139.77%
EPS beat(8)1
Avg EPS beat(8)-157.18%
EPS beat(12)2
Avg EPS beat(12)-103.68%
EPS beat(16)5
Avg EPS beat(16)-24.29%
Revenue beat(2)0
Avg Revenue beat(2)-3.51%
Min Revenue beat(2)-4.44%
Max Revenue beat(2)-2.58%
Revenue beat(4)1
Avg Revenue beat(4)-2.7%
Min Revenue beat(4)-5.51%
Max Revenue beat(4)1.71%
Revenue beat(8)2
Avg Revenue beat(8)-1.88%
Revenue beat(12)3
Avg Revenue beat(12)-1.77%
Revenue beat(16)7
Avg Revenue beat(16)0.67%
PT rev (1m)0%
PT rev (3m)0.29%
EPS NQ rev (1m)-9.71%
EPS NQ rev (3m)-54.63%
EPS NY rev (1m)-25.55%
EPS NY rev (3m)-26.4%
Revenue NQ rev (1m)-0.45%
Revenue NQ rev (3m)-5.27%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)-2.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 74.76 | ||
| Fwd PE | 37.19 | ||
| P/S | 1.01 | ||
| P/FCF | 15.84 | ||
| P/OCF | 7.28 | ||
| P/B | 1.42 | ||
| P/tB | 2.01 | ||
| EV/EBITDA | 7.46 |
EPS(TTM)0.34
EY1.34%
EPS(NY)0.68
Fwd EY2.69%
FCF(TTM)1.61
FCFY6.32%
OCF(TTM)3.49
OCFY13.74%
SpS25.22
BVpS17.94
TBVpS12.64
PEG (NY)0.74
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.7% | ||
| ROE | 10.7% | ||
| ROCE | 4.84% | ||
| ROIC | 3.55% | ||
| ROICexc | 3.77% | ||
| ROICexgc | 4.45% | ||
| OM | 7.1% | ||
| PM (TTM) | 7.61% | ||
| GM | 54.13% | ||
| FCFM | 6.37% |
ROA(3y)9.25%
ROA(5y)5.82%
ROE(3y)27.19%
ROE(5y)9.51%
ROIC(3y)5.89%
ROIC(5y)N/A
ROICexc(3y)6.55%
ROICexc(5y)N/A
ROICexgc(3y)7.84%
ROICexgc(5y)N/A
ROCE(3y)8.03%
ROCE(5y)N/A
ROICexcg growth 3Y-28.43%
ROICexcg growth 5Y7.12%
ROICexc growth 3Y-26.95%
ROICexc growth 5Y8.75%
OM growth 3Y-22.49%
OM growth 5Y6.45%
PM growth 3Y-19.81%
PM growth 5YN/A
GM growth 3Y6.15%
GM growth 5Y5.94%
F-Score6
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 9.67 | ||
| Debt/EBITDA | 2.95 | ||
| Cap/Depr | 55.42% | ||
| Cap/Sales | 7.48% | ||
| Interest Coverage | 1.11 | ||
| Cash Conversion | 67.21% | ||
| Profit Quality | 83.66% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z | 1.42 |
F-Score6
WACC8.85%
ROIC/WACC0.4
Cap/Depr(3y)67.78%
Cap/Depr(5y)52.03%
Cap/Sales(3y)6.74%
Cap/Sales(5y)5.63%
Profit Quality(3y)72.25%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)127.64%
EPS 3Y-59.56%
EPS 5YN/A
EPS Q2Q%11.11%
EPS Next Y101.05%
EPS Next 2Y71.65%
EPS Next 3Y65.15%
EPS Next 5YN/A
Revenue 1Y (TTM)-36.69%
Revenue growth 3Y-15.28%
Revenue growth 5Y-7.29%
Sales Q2Q%-28.82%
Revenue Next Year-0.02%
Revenue Next 2Y1.27%
Revenue Next 3Y1.96%
Revenue Next 5YN/A
EBIT growth 1Y-56.11%
EBIT growth 3Y-34.33%
EBIT growth 5Y-1.31%
EBIT Next Year37.53%
EBIT Next 3Y15.9%
EBIT Next 5YN/A
FCF growth 1Y27.36%
FCF growth 3Y-45.79%
FCF growth 5Y45.1%
OCF growth 1Y-22.53%
OCF growth 3Y-32.16%
OCF growth 5Y-4.11%