Education
About Us
Working with TipRanks
Follow Us
Century Casinos (CNTY)
:CNTY
Top Page
Century Casinos
(NASDAQ:CNTY)
44Neutral
Positive Factors
Business Development
Management is seeing green shoots across several areas within its business, indicating positive momentum.
Liquidity and Financial Health
Liquidity is sufficient, and cash on the balance sheet exceeds the current market cap with no debt maturities until 2029.
Stock Valuation
Shares are seen as mispriced due to positive catalysts, including inflecting free cash flow and an improving balance sheet.
Negative Factors
Century Casinos (CNTY) vs. S&P 500 (SPY)
Market Cap
$74.56M
Dividend YieldN/A
Average Volume (3M)70.80K
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue Growth14.06%
EPS Growth-241.92%
CountryUS
Employees4,153
SectorConsumer Cyclical
Sector Strength50
IndustryHotels, Lodging & Leisure
Share Statistics
EPS (TTM)-2.42
Shares Outstanding30,682,604
10 Day Avg. Volume127,364
30 Day Avg. Volume70,803
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.13
Price to Cash Flow (P/CF)2.50
P/FCF Ratio0.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$5.00Price Target Upside105.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
Century Casinos Business Overview & Revenue Model
Company DescriptionCentury Casinos, Inc. is an international casino entertainment company, engages in the development and operation of gaming establishments as well as related lodging, restaurant, horse racing, and entertainment facilities. It operates through the following segments: Canada, United States, Poland, and Corporate and Other. The Canada, United States, and Poland segments include the operations of the company's properties in their respective geographical locations. The Corporate and Other segment consists of additional business activities including concession agreements, management agreements, consulting agreements, and certain other corporate and management operations. The company was founded by Erwin Haitzmann and Peter Hoetzinger in 1992 and is headquartered in Colorado Springs, CO.
How the Company Makes MoneyCentury Casinos generates revenue primarily through its gaming operations, which constitute the largest portion of its income. The company earns money from slot machines and table games at its casino properties. Additional revenue streams include food and beverage sales at its hospitality venues, hotel accommodations, and entertainment events hosted at its facilities. Century Casinos may also benefit from strategic partnerships and joint ventures in various regions, which can enhance its market presence and contribute to its overall profitability. By continuously expanding its portfolio and optimizing its operations, Century Casinos aims to maximize its revenue potential in the highly competitive gaming and entertainment industry.
Century Casinos Financial Statement Overview
Summary
Century Casinos faces challenges with profitability and cash flow, alongside high leverage, which could hinder financial stability. While revenue shows positive growth, the company needs to address its high debt levels and improve cash generation to enhance its financial health.Income Statement
Century Casinos has shown a steady revenue growth with a TTM revenue of $581.9M compared to $550.2M in the previous year. However, the net profit margin is negative due to a significant net loss, indicating challenges in achieving profitability. Gross profit margin has decreased to 38.3% TTM from 44.1% in the previous year, impacting overall performance.55
Neutral
Balance Sheet
The company has a high debt-to-equity ratio of 17.95, indicating significant leverage, which could pose a risk. Stockholders' equity has decreased significantly, affecting the equity ratio to a low 4.36% TTM. These indicate potential financial instability and risk.40
Negative
Cash Flow
Century Casinos is experiencing negative free cash flow growth and operating cash flow, which are concerning. The operating cash flow to net income ratio is also negative, indicating inefficiencies in cash generation relative to earnings.35
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 581.91M | 550.21M | 430.53M | 388.51M | 304.27M | 218.23M | Gross Profit |
| 222.99M | 242.81M | 199.09M | 188.77M | 154.62M | 105.09M | EBIT |
| 62.96M | 64.05M | 33.25M | 37.72M | -149.78M | -118.36M | EBITDA |
| 108.16M | 115.36M | 102.95M | 101.78M | 30.01M | 13.74M | Net Income Common Stockholders |
| -74.10M | -28.20M | 13.67M | 20.62M | -48.14M | -16.14M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 45.58M | 171.33M | 101.78M | 107.82M | 63.41M | 54.75M | Total Assets |
| 278.82M | 1.36B | 884.97M | 703.36M | 680.76M | 726.90M | Total Debt |
| 59.52M | 1.02B | 665.00M | 494.61M | 500.31M | 502.12M | Net Debt |
| 13.95M | 849.22M | 563.21M | 386.79M | 436.89M | 447.37M | Total Liabilities |
| 95.44M | 1.15B | 730.77M | 553.00M | 553.78M | 554.83M | Stockholders Equity |
| 176.32M | 121.39M | 144.03M | 141.62M | 118.15M | 163.31M |
| Cash Flow | Free Cash Flow | ||||
| -67.67M | -33.85M | 17.81M | 49.18M | -1.70M | -5.26M | Operating Cash Flow |
| -4.98M | 26.31M | 37.40M | 59.19M | 9.01M | 18.78M | Investing Cash Flow |
| -63.88M | -209.25M | -103.14M | -9.99M | -5.29M | -120.69M | Financing Cash Flow |
| -687.00K | 149.86M | 161.16M | -4.71M | 3.13M | 113.87M |
Century Casinos Technical Analysis
Negative
2.43
Price Trends
2.97
Negative
3.36
Negative
2.94
Negative
Market Momentum
-0.16
Positive
28.97
Positive
7.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNTY, the sentiment is Negative. The current price of 2.43 is below the 20-day moving average (MA) of 2.84, below the 50-day MA of 2.97, and below the 200-day MA of 2.94, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 28.97 is Positive, neither overbought nor oversold. The STOCH value of 7.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNTY.
Century Casinos Risk Analysis
Century Casinos disclosed 29 risk factors in its most recent earnings report. Century Casinos reported the most risks in the “Legal & Regulatory” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Century Casinos Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.57B | 22.14 | 18.25% | 1.41% | 4.13% | 17.73% | |
74 Outperform | $5.60B | 10.79 | 34.76% | 1.02% | 5.13% | 2.04% | |
59 Neutral | $12.41B | 10.34 | 1.32% | 3.61% | 1.65% | -18.04% | |
58 Neutral | $725.87M | 16.03 | 10.03% | 3.65% | -36.68% | -79.99% | |
49 Neutral | $5.90B | ― | -6.38% | ― | -2.45% | -135.17% | |
44 Neutral | $74.56M | ― | -79.81% | ― | 14.06% | -241.92% | |
44 Neutral | $2.59B | ― | -10.27% | ― | 3.38% | 38.18% |
* Consumer Cyclical Sector Average
Performance Comparison
CNTY
Century Casinos
2.43
-0.64
-20.85%
BYD
Boyd Gaming
65.99
4.67
7.62%
MCRI
Monarch Casino & Resort
83.70
13.46
19.16%
PENN
Penn National Gaming
16.23
-1.93
-10.63%
CZR
Caesars Entertainment
26.63
-13.29
-33.29%
GDEN
Golden Entertainment
26.42
-6.58
-19.94%
Century Casinos Earnings Call Summary
Earnings Call Date: Mar 13, 2025 | % Change Since: -26.59% | Next Earnings Date: May 12, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed sentiment with strong performance and growth from the Missouri properties, particularly Caruthersville, contributing positively. However, this was offset by declines in revenue and EBITDA in several segments, especially in the East segment and uncarded revenue in Colorado. The management's cautious approach to future forecasts and financial uncertainty also weighed on the sentiment.Highlights
Successful Opening of Caruthersville Facility
The new land-based facility in Caruthersville, Missouri, opened on November 1st. Revenue and EBITDA have increased by 27% and 32% respectively since its opening.
Strong Performance at Century Casino Hotel Cape Girardeau
Revenue increased by 11% and EBITDA by 7% driven by the new hotel and strong food and beverage sales.
Missouri Properties Achieve Record Revenue
Despite adverse weather conditions, February produced the highest revenue in the history of the two Missouri properties.
EBITDA Growth at Nugget Casino Resort
EBITDA increased by 46% year over year at the Nugget Casino Resort due to strict cost discipline.
Lowlights
Decline in Overall Revenue and EBITDA
Consolidated fourth quarter revenue was down 4% and adjusted EBITDA down 17% compared to the prior year's fourth quarter.
Challenges in the East Segment
The segment including the Mountaineer Casino in West Virginia and Rocky Gap Casino Resort in Maryland saw revenue down 7% and EBITDA down 29%.
Weak Performance in Uncarded Revenue
In Colorado, uncarded revenue decreased by 30%, contributing to a 7% overall revenue decline.
Revenue Decline at Nugget Casino Resort
Gaming revenue was down 10%, affected by low slot hold, with a normalized slot hold it would have been down 6%.
Company Guidance
During the Century Casinos, Inc. Q4 2024 earnings call, several key metrics were highlighted. The company's consolidated fourth-quarter revenue was $137.8 million, marking a 4% decrease year-over-year, while adjusted EBITDA dropped 17% to $21.1 million. In the U.S., revenue was down 3% and EBITDA decreased by 8%. The newly opened land-based casino in Caruthersville, Missouri, showed promising results, with a 27% increase in revenue and a 32% increase in EBITDA since its opening. In contrast, the East segment, including the Mountaineer Casino in West Virginia and the Rocky Gap Casino Resort in Maryland, saw a 7% decline in revenue and a 29% drop in EBITDA. The company’s cash and cash equivalents stood at $99 million, with a total debt of $340 million, resulting in a net debt of $241 million and a net debt to EBITDA ratio of 5.5 times. Despite these challenges, the company expressed optimism for significant EBITDA and cash flow improvements in 2025, driven by recent capital investment projects and a focus on operational efficiency.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.