Century Casinos (CNTY) AI Stock Analysis

• Market Cap: $45.35M
• Dividend Yield: N/A
• Average Volume (3M): 43.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.22
• 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): -0.35
• Shares Outstanding: 29,445,057
• 10 Day Avg. Volume: 47,848
• 30 Day Avg. Volume: 43,678
• PEG Ratio: >-0.01
• Price to Book (P/B): -10.67
• Price to Sales (P/S): 0.17
• P/FCF Ratio: -1.54
• Enterprise Value/Market Cap: 23.12
• Enterprise Value/Revenue: 1.83
• Enterprise Value/Gross Profit: 5.76
• Enterprise Value/Ebitda: 11.73
• 1Y Price Target: $4.00
• Price Target Upside: 163.16% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $1.50 ▼(-1.32% Downside)

The score is held down primarily by weak financial performance (sharp revenue decline, losses, and high balance-sheet risk from negative equity/leverage). Technicals also remain bearish with the stock below major moving averages and negative MACD. These are partially offset by a somewhat more constructive earnings call indicating improving regional trends and a stronger October EBITDAR read-through, plus a small supportive buyback plan.

Positive Factors

October EBITDAR surge

A greater-than-20% October EBITDAR increase indicates improving operating performance in core markets. Sustained EBITDA expansion strengthens cash generation capacity, supports debt servicing and potential reinvestment, and provides a durable foundation for gradual deleveraging and earnings recovery.

Shift to electronic table games

Transitioning live tables to electronic lounges is a structural cost reduction that preserves revenue while lowering labor and operating expenses. This change can be replicated across properties to sustainably lift EBITDA margins, improve per-seat economics, and enhance long-term cash conversion.

Entry into Missouri sports betting

Launching sports betting in Missouri creates a new, recurring revenue channel and diversifies the product mix away from pure casino floor revenues. Sports wagering often yields higher-margin handle and digital engagement, supporting sustainable revenue diversification and cross-selling opportunities over the medium term.

Negative Factors

Sharp revenue decline and negative margins

A roughly one-third TTM revenue decline combined with negative net margins signals weakened demand and impaired profitability. Persistent top-line contraction reduces scale benefits, depresses free cash flow, increases likelihood of further cost cuts or impairments, and constrains the company's ability to fund strategic initiatives.

Negative equity and high leverage

Negative shareholders' equity and outsized leverage materially limit financial flexibility. With net debt around $261M and net debt/EBITDA near 6.9x, the company faces constrained capital allocation, higher refinancing risk, and reduced ability to absorb operating shocks or pursue growth without improving cash flow or capital structure.

Goodwill impairment and restatement risk

A goodwill impairment testing error and subsequent restatement undermine reported earnings quality and highlight valuation risk for intangible assets. Such accounting issues can lead to additional write-downs, erode investor and creditor confidence, and complicate planning and capital allocation over multiple quarters.

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 generates revenue primarily through its casino operations, which include the offering of gaming machines, table games, and sports betting. The company earns money from the percentage of bets placed by customers that are retained as revenue after payouts. Additional revenue streams include food and beverage sales, hotel accommodations, and entertainment events hosted at their venues. Century Casinos also engages in strategic partnerships and collaborations with other gaming operators and suppliers, which can enhance its reach and operational capabilities. Additionally, the company's involvement in online gaming and sports betting has opened new avenues for revenue generation, allowing it to tap into the growing demand for digital gaming experiences.

Century Casinos Financial Statement Overview

Summary

Weak fundamentals dominate: revenue is contracting sharply (TTM revenue growth -34.4%) and profitability is negative (net margin -18.43%). Balance sheet risk is elevated due to negative equity and high leverage (debt-to-equity -26.04), while cash flow shows only modest improvement (FCF growth 15.62%) with weak cash conversion (operating cash flow to net income 0.14).

Income Statement

Century Casinos has faced challenges with declining revenue, as evidenced by a negative revenue growth rate of -34.4% in the TTM. The net profit margin is also negative at -18.43%, indicating ongoing profitability issues. However, the company maintains a positive EBITDA margin of 11.74%, suggesting some operational efficiency.

Balance Sheet

The balance sheet shows significant leverage, with a high debt-to-equity ratio of -26.04 in the TTM, due to negative stockholders' equity. This indicates financial instability and potential risk. The return on equity is positive at 18.50%, but this is skewed by the negative equity value.

Cash Flow

Cash flow analysis reveals a slight improvement in free cash flow growth at 15.62% in the TTM. However, the free cash flow to net income ratio is negative, indicating cash flow challenges. The operating cash flow to net income ratio is low at 0.14, reflecting limited cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	572.76M	575.92M	550.21M	430.53M	388.51M	304.27M
Gross Profit	181.88M	245.54M	242.81M	197.89M	187.47M	135.32M
EBITDA	89.37M	65.84M	115.36M	102.95M	101.78M	30.01M
Net Income	-108.36M	-128.17M	-28.20M	7.98M	20.62M	-48.00M
Balance Sheet
Total Assets	1.16B	1.23B	1.36B	884.97M	703.36M	680.76M
Cash, Cash Equivalents and Short-Term Investments	77.70M	98.77M	171.33M	101.78M	107.82M	63.41M
Total Debt	1.08B	1.06B	1.02B	665.00M	494.61M	500.31M
Total Liabilities	1.15B	1.14B	1.15B	730.77M	553.00M	553.78M
Stockholders Equity	-78.61M	-9.30M	121.39M	144.03M	141.62M	118.15M
Cash Flow
Free Cash Flow	-28.19M	-64.29M	-36.10M	17.81M	49.18M	-1.70M
Operating Cash Flow	4.55M	-3.30M	24.05M	37.40M	59.19M	9.01M
Investing Cash Flow	-32.44M	-60.89M	-207.00M	-103.14M	-9.99M	-5.29M
Financing Cash Flow	-12.47M	-4.38M	149.86M	161.16M	-4.71M	3.13M

Century Casinos Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.52
• 50DMA: Positive
• 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 1.52 is below the 20-day moving average (MA) of 1.58, above the 50-day MA of 1.47, and below the 200-day MA of 2.01, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.56 is Neutral, neither overbought nor oversold. The STOCH value of 23.04 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
INSE	69 Neutral	$237.76M	4.29	―	―	4.03%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GAMB	60 Neutral	$168.40M	76.55	1.46%	―	24.21%	-92.49%
CPHC	56 Neutral	$80.06M	-57.27	-1.64%	1.85%	-4.85%	-129.08%
FLL	51 Neutral	$84.89M	-1.95	-121.54%	―	7.45%	5.03%
ROLR	50 Neutral	$57.67M	-13.97	-78.26%	―	3.80%	59.04%
CNTY	45 Neutral	$45.35M	-0.35	―	―	-1.57%	-80.41%

Century Casinos Corporate Events

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.

Century Casinos Reports Q3 2025 Financial Results

Century Casinos, Inc. reported its financial results for the third quarter of 2025, showing a slight decrease in net operating revenue by 1% to $153.7 million compared to the same period in 2024. The company experienced growth in the East and Midwest U.S. regions, but faced challenges in the West region and Poland. The net loss attributable to shareholders increased by 30% to $10.5 million. The company is optimistic about future improvements, with plans to open a new casino in Wroclaw, Poland, and the launch of sports betting in Missouri in December 2025.

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 Issues Forward-Looking Statements Report

Century Casinos issued a report containing forward-looking statements, highlighting the inherent risks and uncertainties in their projections. The company emphasized that actual results might differ significantly from these statements and clarified that they are not obligated to update these projections unless legally required.

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.