Century Casinos (CNTY) AI Stock Analysis

• Market Cap: $40.08M
• Dividend Yield: N/A
• Average Volume (3M): 43.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.30
• Revenue Growth: -1.57%
• EPS Growth: -80.41%
• Country: US
• Employees: 3,181
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -0.61
• Shares Outstanding: 28,628,542
• 10 Day Avg. Volume: 47,848
• 30 Day Avg. Volume: 43,678
• PEG Ratio: 0.01
• Price to Book (P/B): -0.41
• Price to Sales (P/S): 0.07
• P/FCF Ratio: -2.62
• Enterprise Value/Market Cap: 18.32
• Enterprise Value/Revenue: 1.28
• Enterprise Value/Gross Profit: 4.26
• Enterprise Value/Ebitda: 6.13
• 1Y Price Target: $2.50
• Price Target Upside: 78.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -1.43
• Revenue Forecast (FY): $610.77M

• Rating: 47 Neutral
• Price Target: $1.50 ▲(7.14% Upside)
• Action: Reiterated Date: 03/18/26
• Date: Action: Reiterated 03/18/26

The score is held back primarily by weak financial quality (net losses, negative equity, and negative free cash flow) and a bearish technical trend (price below key moving averages with negative MACD). The earnings call provides a partial offset with guidance for higher EBITDAR/cash flow and strong early-2026 momentum, while valuation signals are constrained by the negative P/E and no provided dividend yield.

Positive Factors

Improving EBITDAR and Q4 momentum

A sustained rise in adjusted EBITDAR, highlighted by a 13% Q4 uplift, indicates stronger operating leverage and execution across properties. If maintained, higher margin conversion supports durable cash flow expansion and creates room to deleverage or reinvest in property upgrades over the next several quarters.

Caruthersville conversion improving margins

The permanent land-based conversion and stronger high-value customer performance drove a roughly 28% full-year EBITDA lift. This operational transformation is structural—higher-margin, stable revenue from an upgraded asset boosts portfolio profitability and long-term cash generation at a single-asset and consolidated level.

Poland operations returning to stability and expanding

Regulatory clarity and reopening of a second location materially reduce prior political/regulatory overhang. Restored licenses through 2028 plus expansion provide durable revenue diversification in Europe and a clearer path to sustainable cash flow contribution from international operations.

Negative Factors

High leverage and eroded equity base

A large debt load against negative equity weakens financial flexibility and raises refinancing and covenant risk. This structural capital erosion constrains the company's ability to fund investments, absorb shocks, or pursue opportunistic growth without asset sales or meaningful deleveraging.

Weak cash generation and negative FCF

Persistently low operating cash flow and negative free cash flow imply ongoing cash burn after investments. Structurally weak cash conversion limits ability to service debt, fund capex, or reduce leverage internally, increasing dependence on external financing or asset dispositions to meet obligations.

Property-level declines and regional competition

Declines at key assets driven by nearby openings and shifting market share suggest structural regional competition and potential cannibalization. This undermines revenue stability at core properties, may require ongoing promotional spend or capital investment, and constrains normalized margin and cash flow prospects.

Century Casinos Business Overview & Revenue Model

Company Description

Century Casinos, Inc. operates as a casino entertainment company in the United States, Canada, and Poland. The company develops and operates gaming establishments, as well as related lodging, restaurant, horse racing, and entertainment facilities. As of March 8, 2022, it operated two ship-based casinos. The company was founded in 1992 and is based in Colorado Springs, Colorado.

How the Company Makes Money

Century Casinos makes money primarily by operating casino properties and capturing spend across gaming and non-gaming amenities. 1) Casino gaming revenue (core): The largest source of revenue typically comes from casino wagering activity. This includes: - Slot machines: The company earns the net “hold” (amount wagered minus payouts to players) on electronic gaming devices. - Table games: The company earns the statistical house advantage (e.g., from blackjack, roulette and similar games), recorded as table-game win. These revenues are driven by customer visitation, local/regional demand, the mix of gaming devices and tables, promotional spending, and property-level operating efficiency. 2) Hospitality and other non-gaming revenue: Century Casinos also generates revenue from non-gaming operations that support casino visitation and overall property profitability, including: - Hotel room revenue (where properties include lodging) - Food and beverage (restaurants, bars and related offerings) - Entertainment and other on-property services (to the extent offered at a given property) Non-gaming revenues can be meaningful both as standalone profit centers and as amenities that increase length of stay and gaming spend. 3) Racing and pari-mutuel (where applicable): At properties that include racing operations, the company can earn revenue from pari-mutuel wagering, racing-related admissions, and ancillary spending tied to racing events. If a given property does not include racing, this stream is not applicable. 4) Ownership interests / property portfolio effects: The company’s consolidated revenue reflects the operating results of properties it owns and operates, including the contribution from any majority-owned subsidiaries. Results can also be influenced by portfolio changes (acquisitions, dispositions, openings/closures) and jurisdictional regulatory/tax structures that affect net gaming win and operating margins. Significant factors influencing earnings include local competition, gaming regulations and licensing, state/provincial gaming taxes, macroeconomic conditions affecting discretionary consumer spend, and property-level capital investment (e.g., hotel additions or gaming floor expansions). Specific material partnerships are null.

Century Casinos Financial Statement Overview

Summary

Despite modest TTM revenue growth and improved operating performance versus 2024, the company remains constrained by a net loss, negative equity, and weak cash generation (low operating cash flow and negative free cash flow), which heighten liquidity and leverage risk.

Income Statement

Revenue is slightly higher in TTM (Trailing-Twelve-Months) (+3.8%), but profitability remains pressured with a net loss and a negative net margin (~-10.7%). Operating performance improved versus 2024 (stronger EBIT/EBITDA margins), yet results have been volatile over the cycle (profits in 2021–2022, losses in 2020 and 2023–TTM), which lowers confidence in earnings durability.

Balance Sheet

Leverage is high and financial flexibility looks constrained: TTM (Trailing-Twelve-Months) total debt is ~$760M against negative equity (about -$98M), indicating an eroded capital base. While total debt is down versus 2024, negative equity and elevated leverage remain the key risk, leaving the balance sheet sensitive to downturns and refinancing conditions.

Cash Flow

Cash generation weakened materially: TTM (Trailing-Twelve-Months) operating cash flow is low (~$6.7M) and free cash flow is negative (~-$15.9M), implying ongoing cash burn after investment needs. Cash flow has swung significantly by year (positive free cash flow in 2021–2022, negative in 2023–TTM), which raises liquidity and funding risk when paired with high leverage.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	572.98M	575.92M	550.21M	430.53M	388.51M
Gross Profit	51.28M	245.54M	242.81M	197.89M	187.47M
EBITDA	53.56M	65.84M	115.36M	102.95M	101.78M
Net Income	-61.42M	-128.17M	-28.20M	7.98M	20.62M
Balance Sheet
Total Assets	1.15B	1.23B	1.36B	884.97M	703.36M
Cash, Cash Equivalents and Short-Term Investments	68.92M	98.77M	171.33M	101.78M	107.82M
Total Debt	760.38M	1.06B	1.02B	665.00M	494.61M
Total Liabilities	1.15B	1.14B	1.15B	730.77M	553.00M
Stockholders Equity	-97.70M	-9.30M	121.39M	144.03M	141.62M
Cash Flow
Free Cash Flow	-15.26M	-64.29M	-36.10M	17.81M	49.18M
Operating Cash Flow	6.69M	-3.30M	24.05M	37.40M	59.19M
Investing Cash Flow	-22.26M	-60.89M	-207.00M	-103.14M	-9.99M
Financing Cash Flow	0.00	-4.38M	149.86M	161.16M	-4.71M

Century Casinos Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 1.4 is below the 20-day moving average (MA) of 1.51, below the 50-day MA of 1.54, and below the 200-day MA of 1.99, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 41.25 is Neutral, neither overbought nor oversold. The STOCH value of 36.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNTY.

Century Casinos Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CPHC	64 Neutral	$78.72M	-147.52	-0.63%	1.85%	-4.85%	-129.08%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
FLL	56 Neutral	$89.37M	-2.34	-25.10%	―	7.45%	5.03%
INSE	53 Neutral	$177.24M	-16.00	184.28%	―	4.03%	―
GAMB	52 Neutral	$141.70M	-5.88	-24.91%	―	24.21%	-92.49%
ROLR	48 Neutral	$42.80M	25.19	12.75%	―	3.80%	59.04%
CNTY	47 Neutral	$40.08M	-0.65	155.17%	―	-1.57%	-80.41%

Century Casinos Corporate Events

Century Casinos posts improved 2025 results despite net loss

Century Casinos reported its fourth-quarter and full-year 2025 results on March 13, 2026, showing flat quarterly net operating revenue of $138 million but a 117% jump in earnings from operations to $10.4 million. The company still recorded a quarterly net loss of $17.9 million, though losses narrowed sharply, while adjusted EBITDAR rose 13% to $23.9 million, indicating improved profitability.

For full-year 2025, net operating revenue slipped 1% to $573 million, but earnings from operations swung sharply higher to $51.3 million, and the net loss attributable to shareholders improved to $61.4 million with a modest 3% gain in adjusted EBITDAR to $105.4 million. Management highlighted early 2026 momentum, progress with strategic alternatives including a potential sale of its Polish operations, the December 2025 launch of BetMGM-powered sports betting in Missouri, and the February 2026 opening of a second casino in Wroclaw as key steps to unlock further portfolio value.

The most recent analyst rating on (CNTY) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Century Casinos stock, see the CNTY Stock Forecast page.

Century Casinos Adopts 10b5-1 Plan for Share Repurchase

On January 1, 2026, Century Casinos, Inc. adopted a Rule 10b5-1 trading plan to repurchase up to $1.5 million of its outstanding common stock under a previously authorized share repurchase program. The plan, which will run through May 10, 2026 and be executed by an independent broker subject to preset price, market, volume and timing constraints, signals the company’s capital allocation focus on returning value to shareholders and may support its share price by reducing the public float over the plan period.

The most recent analyst rating on (CNTY) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Century Casinos stock, see the CNTY Stock Forecast page.