Ardent Leisure Group Ltd (CEH) AI Stock Analysis

• Market Cap: AU$211.77M
• Dividend Yield: N/A
• Average Volume (3M): 195.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: 10.76%
• EPS Growth: 95.79%
• Country: AU
• Employees: N/A
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): >-0.01
• Shares Outstanding: 388,561,860
• 10 Day Avg. Volume: 112,003
• 30 Day Avg. Volume: 195,579
• PEG Ratio: 13.75
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 1.69
• P/FCF Ratio: -4.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.68
• Price Target Upside: 25.93% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: AU$0.55 ▲(1.48% Upside)

The overall stock score is primarily influenced by the company's financial performance challenges, particularly in profitability and cash flow management. Technical analysis shows positive momentum, but overbought signals could lead to a correction. Valuation metrics are weak due to negative earnings and lack of dividends.

Positive Factors

Diversified Leisure Portfolio

Operating across theme parks, bowling and wellness gives Ardent multiple, structurally different revenue streams. This diversification reduces reliance on a single market or season, enabling more stable revenue over cycles and providing cross-selling and audience reach advantages over 2–6 months and beyond.

Low Leverage / Strong Equity Base

A low debt-to-equity ratio and healthy equity ratio give the company financial flexibility to fund maintenance, invest in attractions, or weather downturns without forced asset sales. This capital structure supports multi-month strategic investments and reduces refinancing and solvency risk.

Revenue Growth and Gross Margin Strength

Sustained top-line growth alongside robust gross margins indicates core offerings retain pricing power and operational efficiency at the cost-of-sales level. If operating expense control improves, the company has the structural ability to convert sales into meaningful profit expansion over the medium term.

Negative Factors

Negative Profitability

Persistent negative EBIT and net income signal that operating costs and overhead are outpacing revenue. Over months this undermines reinvestment capacity and earnings resilience; unless operating leverage improves, profitability will remain a structural headwind to sustainable shareholder returns.

Weak Free Cash Flow Conversion

Although operating cash flow is positive, the inability to convert it into free cash flow constrains capital expenditure, debt reduction and strategic initiatives. Over the medium term this limits organic growth funding and raises reliance on external financing for investments.

Negative Return on Equity

A negative ROE despite a healthy equity base indicates the company is not deploying capital effectively to generate profits. If persistent, this reflects poor capital allocation or operating issues and risks long-term shareholder value erosion absent material operational improvements.

Ardent Leisure Group Ltd Business Overview & Revenue Model

Company Description

Coast Entertainment Holdings Limited engages in the investment, ownership, and operation of leisure and entertainment businesses in Australia. It operates theme park under the Dreamworld and WhiteWater World in Coomera, Queensland; and the SkyPoint observation deck and climb in Surfers Paradise, Queensland. The company was formerly known as Ardent Leisure Group Limited and changed its name to Coast Entertainment Holdings Limited in December 2023. The company was incorporated in 2018 and is based in North Sydney, Australia.

How the Company Makes Money

Ardent Leisure generates revenue primarily through admission fees from its theme parks, including ticket sales, annual passes, and seasonal events. Additionally, the company earns income from food and beverage sales, merchandise, and special attractions within its parks. The bowling and entertainment segments contribute to revenue through lane rentals, event hosting, and food and beverage services. Strategic partnerships with local businesses and tourism organizations help drive visitor traffic and enhance marketing efforts, while also providing promotional opportunities that can lead to increased customer engagement and spending.

Ardent Leisure Group Ltd Financial Statement Overview

Summary

Ardent Leisure Group Ltd shows modest revenue growth but struggles with profitability and cash flow management. The balance sheet is strong with low leverage, but negative profitability metrics and cash flow issues indicate a need for strategic improvements.

Income Statement

Ardent Leisure Group Ltd has shown a modest revenue growth rate of 4.92% in the latest period, indicating a positive trend in sales. However, the company is struggling with profitability as evidenced by negative EBIT and net income, leading to weak net profit margins. The gross profit margin remains strong, suggesting efficient cost management at the production level, but overall profitability is hindered by high operating expenses.

Balance Sheet

The balance sheet reflects a strong equity position with a low debt-to-equity ratio, indicating financial stability and low leverage risk. However, the return on equity is negative, highlighting challenges in generating returns for shareholders. The equity ratio is healthy, suggesting a solid capital structure.

Cash Flow

The cash flow statement reveals challenges in cash generation, with negative free cash flow growth and a negative free cash flow to net income ratio. Operating cash flow is positive, but the company struggles to convert this into free cash flow, indicating potential issues with capital expenditures or operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	96.39M	95.72M	87.03M	83.88M	49.46M	390.67M
Gross Profit	17.01M	79.36M	72.43M	70.10M	39.62M	322.12M
EBITDA	12.07M	2.62M	-504.00K	-35.00K	-55.42M	32.97M
Net Income	-113.00K	-112.00K	2.62M	664.72M	-97.43M	-86.93M
Balance Sheet
Total Assets	249.27M	249.27M	271.02M	283.34M	1.13B	906.61M
Cash, Cash Equivalents and Short-Term Investments	33.88M	33.88M	89.19M	141.42M	40.77M	114.96M
Total Debt	765.00K	765.00K	989.00K	601.00K	45.71M	624.70M
Total Liabilities	28.22M	28.22M	31.37M	28.76M	1.07B	736.92M
Stockholders Equity	221.05M	221.05M	239.65M	254.58M	36.19M	130.34M
Cash Flow
Free Cash Flow	-36.12M	-36.71M	-45.71M	-31.73M	50.60M	50.24M
Operating Cash Flow	12.56M	12.56M	2.59M	-14.25M	167.84M	93.91M
Investing Cash Flow	-6.49M	-6.49M	-3.42M	471.53M	-147.31M	-43.58M
Financing Cash Flow	-19.51M	-19.51M	-18.39M	-501.64M	-51.08M	-87.61M

Ardent Leisure Group Ltd Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CEH, the sentiment is Neutral. The current price of 0.54 is below the 20-day moving average (MA) of 0.54, above the 50-day MA of 0.52, and above the 200-day MA of 0.44, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.53 is Neutral, neither overbought nor oversold. The STOCH value of 26.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:CEH.

Ardent Leisure Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JYC	67 Neutral	AU$157.31M	21.39	21.22%	5.01%	1.82%	-18.84%
RCT	63 Neutral	AU$170.32M	18.65	43.45%	5.00%	-4.01%	-12.08%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
VVA	58 Neutral	AU$140.43M	26.34	4.75%	―	30.36%	47.61%
CEH	51 Neutral	AU$211.77M	-605.56	-0.05%	―	10.76%	95.79%
EXP	48 Neutral	AU$90.49M	-92.31	-0.76%	1.92%	5.73%	-1200.00%

Ardent Leisure Group Ltd Corporate Events

Coast Entertainment Sets Date for FY26 Half-Year Results and Investor Briefing

Coast Entertainment Holdings Limited has scheduled the release of its FY26 half-year financial results for Friday, 13 February 2026. Following the market announcement, the company will hold a virtual investor briefing at 10:00am (AEDT) the same day, offering shareholders and analysts an opportunity to hear management’s commentary on performance and outlook via webcast and teleconference, underscoring its focus on maintaining active communication with the investment community.

The most recent analyst rating on (AU:CEH) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Ardent Leisure Group Ltd stock, see the AU:CEH Stock Forecast page.

Coast Entertainment Lifts Ticket Sales and Revenue to New Highs, Boosting Liquidity and Growth Options

Coast Entertainment Holdings reported a strong unaudited first-half FY26 performance, with its Theme Parks & Attractions division benefiting from new attractions, targeted marketing campaigns and improving trading conditions. Ticket sales rose 46.6% year-on-year (38.0% on a like-for-like basis), visitation climbed 44.4% (32.4% like-for-like) and operating revenue increased 30.2% to $62.2 million, all surpassing previous peak FY16 levels despite a higher mix of annual passes, while guest satisfaction scores remained high. The December opening of the new King Claw ride at Dreamworld and ongoing strength at SkyPoint underpinned the result, and positive trading momentum continued into January 2026, though at more moderate growth rates as the group cycled a strong prior period. Coast Entertainment also highlighted a pending ministerial decision on its Queensland land development application, which could influence future land use strategy, and reported cash of $37.6 million alongside a recently renewed and upsized, but undrawn, $20 million bank facility, giving the company greater liquidity and flexibility as the Board evaluates capital management options and seeks to maximise shareholder returns.

The most recent analyst rating on (AU:CEH) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Ardent Leisure Group Ltd stock, see the AU:CEH Stock Forecast page.

Director’s Interest Update at Coast Entertainment Holdings

Coast Entertainment Holdings Limited has announced a change in the director’s interest, specifically involving Jemma Elder. The change involves an on-market purchase of 52,631 ordinary shares by Sillat Pty Ltd as trustee for the Sillat Superannuation Fund, increasing the total number of shares held to 181,646. This transaction reflects a strategic financial decision by the director, potentially impacting the company’s stock position and signaling confidence in the company’s future performance.

The most recent analyst rating on (AU:CEH) stock is a Buy with a A$0.64 price target. To see the full list of analyst forecasts on Ardent Leisure Group Ltd stock, see the AU:CEH Stock Forecast page.

Director’s Interest in Coast Entertainment Holdings Increases

Coast Entertainment Holdings Limited (ASX: CEH) announced a change in the director’s interest, specifically involving David Haslingden. The notice details that Haslingden acquired 1,009,608 ordinary shares through on-market trades between November 13-18, 2025, increasing his total holdings to 2,279,608 shares. This acquisition reflects a significant increase in Haslingden’s stake in the company, potentially indicating confidence in the company’s future performance and impacting stakeholder perceptions.

The most recent analyst rating on (AU:CEH) stock is a Buy with a A$0.64 price target. To see the full list of analyst forecasts on Ardent Leisure Group Ltd stock, see the AU:CEH Stock Forecast page.

Coast Entertainment Holdings Announces AGM Results with Strong Support for Leadership

Coast Entertainment Holdings Limited announced the results of its Annual General Meeting, revealing strong support for the adoption of the remuneration report and the re-election of directors David Haslingden and Erin Wallace. The resolutions were carried with overwhelming majorities, indicating stakeholder confidence in the company’s leadership and strategic direction.

The most recent analyst rating on (AU:CEH) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Ardent Leisure Group Ltd stock, see the AU:CEH Stock Forecast page.

Coast Entertainment Holdings AGM Highlights New Attractions and Hybrid Meeting Format

Coast Entertainment Holdings Limited held its Annual General Meeting at Dreamworld, showcasing new attractions and conducting the meeting in a hybrid format to accommodate both in-person and virtual attendance. The meeting included procedural guidance for virtual participants and featured introductions of board members and executives, highlighting the company’s commitment to shareholder engagement and transparency.

The most recent analyst rating on (AU:CEH) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Ardent Leisure Group Ltd stock, see the AU:CEH Stock Forecast page.