Century Casinos (CNTY)
NASDAQ:CNTY
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Century Casinos
(NASDAQ:CNTY)
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Rating:45Neutral
Price Target:
$1.50
▲(1.35% Upside)
Action:Reiterated
Date:06/07/26
The score is held back primarily by weak financial health—especially high leverage with negative equity and negative free cash flow—despite improving revenue and operating performance. Technicals are mixed with a longer-term downtrend still intact, and valuation remains constrained by ongoing losses. Corporate updates are a relative bright spot but not enough to offset balance-sheet and profitability risks.
Positive Factors
Record Q1 revenue and stronger operating earnings
Sustained top-line growth alongside a large operational uplift signals recovering demand and improved property-level execution. Higher Adjusted EBITDAR and operating earnings indicate better-margin customer mixes and promotional discipline, supporting more durable cash generation if trends persist across quarters.
Negative Factors
Very high leverage and negative equity
A negative equity position and elevated debt materially limit financial flexibility and increase refinancing and covenant risk. This structural balance-sheet weakness raises the cost of capital, heightens default vulnerability in downturns, and constrains the company's ability to fund growth or execute strategic options without external support.
Read all positive and negative factors
Positive Factors
Negative Factors
Record Q1 revenue and stronger operating earnings
Sustained top-line growth alongside a large operational uplift signals recovering demand and improved property-level execution. Higher Adjusted EBITDAR and operating earnings indicate better-margin customer mixes and promotional discipline, supporting more durable cash generation if trends persist across quarters.
Read all positive factors
Century Casinos (CNTY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$39.67M
Dividend YieldN/A
Average Volume (3M)43.68K
Price to Earnings (P/E)―
Beta (1Y)1.26
Revenue Growth1.65%
EPS Growth62.88%
CountryUS
Employees3,181
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-1.94
Shares Outstanding28,133,537
10 Day Avg. Volume47,848
30 Day Avg. Volume43,678
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)-0.41
Price to Sales (P/S)0.07
P/FCF Ratio-2.62
Enterprise Value/Market Cap26.57
Enterprise Value/Revenue1.82
Enterprise Value/Gross Profit5.61
Enterprise Value/Ebitda10.81
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.53
Revenue Forecast (FY)$598.66M
Century Casinos Business Overview & Revenue Model
Company Description
Century Casinos, Inc. is a prominent player in the casino and entertainment industry, with operations spanning the United States, Canada, and Poland. The firm is responsible for both the development and management of diverse gaming venues. In addi...
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 in...
Century Casinos Earnings Call Summary
Earnings Call Date:Mar 13, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 07, 2026
Earnings Call Sentiment Positive
The call conveyed a generally positive operational trajectory: the company delivered modest full-year adjusted EBITDAR growth (+3%) despite headwinds, reported a strong quarter with adjusted EBITDAR up 13%, highlighted outsized improvements at key assets (Caruthersville, Mountaineer, several U.S. casinos), and noted improving early-2026 trends and a clearer outlook for Poland. Offsetting items include declines at some properties (Cape Girardeau, Rocky Gap, Nugget full-year), weather disruptions, the loss of sports betting income in Colorado and prior one-time payments that complicate comparisons, rising rent at Caruthersville, and relatively high leverage. Overall, management framed the outlook as constructive with a path to higher cash flow and lower CapEx in 2026, while acknowledging ongoing strategic review activity and portfolio uncertainty.Positive Updates
Full-Year Adjusted EBITDAR Growth
Adjusted EBITDAR increased 3% year over year for full-year 2025; excluding lost sports betting income in Colorado and Poland licensing disruptions, EBITDAR would have grown ~5%.
Negative Updates
Loss of Sports Betting Income and 2024 One-Time Items Skew Comparisons
The results were impacted by the loss of sports betting income in Colorado and prior one-time termination payments in 2024 that skew comparisons (Cripple Creek had a $1.1M termination payment in 2024 and Central City a $1.4M payment), contributing to full-year EBITDA declines at Colorado properties.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Adjusted EBITDAR Growth
Adjusted EBITDAR increased 3% year over year for full-year 2025; excluding lost sports betting income in Colorado and Poland licensing disruptions, EBITDAR would have grown ~5%.
Read all positive updates
Company Guidance
Management guided to higher EBITDAR and cash flow in 2026 and beyond, citing strong Q1 momentum with net operating revenue and adjusted EBITDA “up significantly” year‑over‑year and double‑digit EBITDA growth at every U.S. and Canadian property to date, driven by an improving Nugget, the continued ramp of the new land‑based Caruthersville, and consumer tax‑cut tailwinds; they reiterated prior results of full‑year adjusted EBITDAR +3% (or +5% ex‑Colorado sports betting and Poland) and Q4 adjusted EBITDAR +13%. On the balance sheet, cash and cash equivalents were $69.0m (12/31), total debt $338m, net debt $269m, net‑debt/EBITDA 6.9x (lease‑adjusted 7.6x) with no debt maturities until 2029. CapEx guidance: quarterly CapEx ~ $4.5m, company cash CapEx of €18m in 2025 expected to decline to €14–15m in 2026, and management emphasized a focus on debt paydown (vs. buybacks) pending proceeds or decisions from the ongoing strategic review.Century Casinos Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
18
Very Negative
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 579.77M | 572.98M | 575.92M | 550.21M | 430.53M | 388.51M |
| Gross Profit | 187.72M | 195.53M | 245.54M | 242.81M | 197.89M | 187.47M |
| EBITDA | 97.53M | 55.92M | 65.84M | 115.36M | 102.95M | 101.78M |
| Net Income | -57.31M | -61.42M | -128.17M | -28.20M | 7.98M | 20.62M |
Balance Sheet | ||||||
| Total Assets | 1.12B | 1.15B | 1.23B | 1.36B | 884.97M | 703.36M |
| Cash, Cash Equivalents and Short-Term Investments | 59.96M | 68.92M | 98.77M | 171.33M | 101.78M | 107.82M |
| Total Debt | 1.08B | 1.08B | 1.06B | 1.02B | 665.00M | 494.61M |
| Total Liabilities | 1.15B | 1.15B | 1.14B | 1.15B | 730.77M | 553.00M |
| Stockholders Equity | -114.74M | -97.70M | -9.30M | 121.39M | 144.03M | 141.62M |
Cash Flow | ||||||
| Free Cash Flow | -7.89M | -15.26M | -64.29M | -36.10M | 17.81M | 49.18M |
| Operating Cash Flow | 10.06M | 6.69M | -3.30M | 24.05M | 37.40M | 59.19M |
| Investing Cash Flow | -17.59M | -22.26M | -60.89M | -207.00M | -103.14M | -9.99M |
| Financing Cash Flow | -16.46M | -15.37M | -4.38M | 149.86M | 161.16M | -4.71M |
Century Casinos Technical Analysis
Neutral
1.48
Price Trends
1.41
Negative
1.45
Negative
1.69
Negative
Market Momentum
<0.01
Positive
51.05
Neutral
30.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNTY, the sentiment is Neutral. The current price of 1.48 is above the 20-day moving average (MA) of 1.39, above the 50-day MA of 1.41, and below the 200-day MA of 1.69, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.05 is Neutral, neither overbought nor oversold. The STOCH value of 30.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CNTY.
Century Casinos Risk Analysis
Century Casinos disclosed 30 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $80.60M | -1,329.24 | -0.63% | 1.85% | -1.11% | -107.22% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | $213.40M | -13.47 | 147.77% | ― | 1.31% | -123.26% | |
53 Neutral | $104.44M | -2.70 | -473.31% | ― | 1.53% | 3.65% | |
48 Neutral | $65.27M | 61.86 | 7.94% | ― | -39.43% | ― | |
46 Neutral | $82.83M | -1.83 | -37.13% | ― | 19.23% | -232.12% | |
45 Neutral | $39.67M | -0.70 | 68.93% | ― | 1.65% | 62.88% |
* Consumer Cyclical Sector Average
CNTY
Century Casinos
1.41
-0.99
-41.25%
CPHC
Canterbury Park Holding
15.65
-3.33
-17.54%
FLL
Full House Resorts
2.88
-0.85
-22.79%
INSE
Inspired Entertainment
8.00
0.42
5.54%
GAMB
Gambling.com
2.36
-9.40
-79.93%
ROLR
High Roller Technologies, Inc.
5.95
3.37
130.62%
Century Casinos Corporate Events
Business Operations and StrategyExecutive/Board Changes
Century Casinos Reshapes Operations Leadership, Names New EVP
Neutral
May 13, 2026
On May 8, 2026, Century Casinos, Inc. moved to overhaul its operations leadership, notifying U.S. EVP Andreas Terler and Canada and Europe EVP Nikolaus Strohriegel that their employment would be terminated without cause, effective May 15, 2026, wi...
Business Operations and StrategyFinancial Disclosures
Century Casinos Posts Record Q1 Revenue Amid Narrowing Loss
Positive
May 8, 2026
Century Casinos reported that for the three months ended March 31, 2026, it achieved all‑time record first‑quarter net operating revenue of $137.2 million, up 5% year on year, with increases across all North American segments and Polan...
Business Operations and StrategyExecutive/Board Changes
Century Casinos Expands Board, Appoints New Independent Director
Neutral
May 7, 2026
On May 6, 2026, Century Casinos, Inc. expanded its Board of Directors from five to six members and appointed Mitchell Etess as an independent director, with his term running until the 2026 Annual Meeting of Stockholders and the election of his suc...
Business Operations and StrategyFinancial Disclosures
Century Casinos posts improved 2025 results despite net loss
Positive
Mar 13, 2026
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 quart...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.