Golden Entertainment (GDEN) AI Stock Analysis

• Market Cap: $783.39M
• Dividend Yield: 3.42%
• Average Volume (3M): 482.56K
• Price to Earnings (P/E): 160.3
• Beta (1Y): 0.65
• Revenue Growth: -12.25%
• EPS Growth: -84.89%
• Country: US
• Employees: 5,300
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -0.09
• Shares Outstanding: 26,173,985
• 10 Day Avg. Volume: 1,005,227
• 30 Day Avg. Volume: 482,555
• PEG Ratio: -0.22
• Price to Book (P/B): 1.88
• Price to Sales (P/S): 1.34
• P/FCF Ratio: 20.98
• Enterprise Value/Market Cap: 1.36
• Enterprise Value/Revenue: 1.66
• Enterprise Value/Gross Profit: 3.08
• Enterprise Value/Ebitda: 8.32
• 1Y Price Target: $28.33
• Price Target Upside: -5.00% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): 0.31
• Revenue Forecast (FY): $646.20M

• Rating: 54 Neutral
• Price Target: $30.00 ▲(0.60% Upside)

Golden Entertainment's stock score is primarily influenced by its financial performance challenges, including declining revenue and high leverage. The technical analysis suggests a bullish trend, but overbought signals indicate caution. The high P/E ratio raises valuation concerns, although the earnings call provides some optimism with strong local performance and potential legislative benefits.

Positive Factors

Tax Legislation Benefits

The tax legislation is projected to enhance cash flow by $2-3 million and provide a $10-15 million tax shield, improving financial health.

Strong Performance in Nevada Locals Casinos

The strong performance in Nevada locals casinos, with a 9% EBITDA growth, indicates robust local market demand and operational efficiency.

Positive Free Cash Flow Growth

Positive free cash flow growth suggests effective cash management, providing funds for debt reduction or reinvestment in growth opportunities.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase risk, necessitating focus on debt reduction to enhance financial stability.

Declining Revenue

The declining revenue trend indicates challenges in maintaining market share and competitiveness, impacting long-term growth prospects.

Asset Sale Concerns

The asset sale to VICI Properties and the CEO raises governance concerns and potential undervaluation, impacting shareholder value perception.

Golden Entertainment Business Overview & Revenue Model

Company Description

Golden Entertainment, Inc. is a diversified gaming company that operates in the casino and gaming industry. Headquartered in Las Vegas, Nevada, the company owns and operates several casinos and gaming establishments, including hotels and restaurants, primarily in Nevada and Maryland. Its core offerings include slot machines, table games, and sports betting, along with online gaming operations. Golden Entertainment focuses on providing a comprehensive entertainment experience to its customers through a combination of gaming, hospitality, and dining services.

How the Company Makes Money

Golden Entertainment generates revenue through multiple streams, primarily from gaming operations, which include traditional casino gaming such as slot machines and table games. The company also earns significant income from sports betting, particularly following the expansion of legalized sports wagering in the United States. Additionally, Golden Entertainment benefits from its hospitality services, including hotel accommodations, dining, and entertainment offerings, which attract both local patrons and tourists. The company has established key partnerships with various gaming technology providers, enhancing its gaming offerings and operational efficiencies. Furthermore, its strategic focus on the regional market allows it to capitalize on local customer bases, driving consistent revenue growth.

Golden Entertainment Financial Statement Overview

Summary

Golden Entertainment faces challenges with declining revenue and profitability, as seen in the income statement. The balance sheet shows high leverage, though there is some improvement. Cash flow generation is moderate, with positive free cash flow growth. The company should focus on reversing revenue decline and reducing leverage to improve its financial health.

Income Statement

Golden Entertainment's income statement shows a declining trend in revenue with a significant drop in the TTM period. The gross profit margin remains moderate, but the net profit margin has decreased sharply in the TTM period. EBIT and EBITDA margins have also contracted, indicating reduced operational efficiency. The company needs to address revenue decline and improve profitability.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio, indicating significant leverage, though it has improved from previous years. Return on equity has decreased, suggesting lower profitability for shareholders. The equity ratio is relatively stable, but the company should focus on reducing debt to enhance financial stability.

Cash Flow

Cash flow analysis shows a positive free cash flow growth in the TTM period, but the operating cash flow to net income ratio is slightly above 1, indicating moderate cash generation efficiency. The free cash flow to net income ratio is healthy, suggesting the company is generating adequate cash relative to its net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	643.49M	666.82M	1.05B	1.12B	1.10B	694.15M
Gross Profit	347.12M	360.93M	453.13M	484.57M	496.20M	275.19M
EBITDA	128.26M	135.11M	486.41M	249.00M	273.99M	91.76M
Net Income	5.45M	50.73M	255.76M	82.35M	161.78M	-136.61M
Balance Sheet
Total Assets	1.04B	1.08B	1.45B	1.51B	1.62B	1.57B
Cash, Cash Equivalents and Short-Term Investments	58.27M	57.73M	157.55M	136.89M	220.54M	103.56M
Total Debt	508.92M	504.04M	758.19M	1.07B	1.21B	1.33B
Total Liabilities	601.89M	605.68M	914.55M	1.16B	1.30B	1.41B
Stockholders Equity	434.15M	474.23M	537.73M	352.92M	319.54M	161.26M
Cash Flow
Free Cash Flow	54.28M	42.44M	33.33M	98.78M	266.52M	233.00K
Operating Cash Flow	95.37M	92.34M	119.20M	150.20M	295.77M	36.73M
Investing Cash Flow	-40.68M	147.23M	266.92M	-51.27M	-28.89M	-35.85M
Financing Cash Flow	-64.98M	-379.44M	-330.56M	-177.44M	-149.91M	-9.00M

Golden Entertainment Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 29.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GDEN, the sentiment is Positive. The current price of 29.82 is above the 20-day moving average (MA) of 25.06, above the 50-day MA of 23.94, and above the 200-day MA of 26.62, indicating a bullish trend. The MACD of 2.02 indicates Negative momentum. The RSI at 75.04 is Negative, neither overbought nor oversold. The STOCH value of 91.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GDEN.

Golden Entertainment Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACEL	67 Neutral	$854.55M	19.58	18.43%	―	7.97%	0.92%
INSE	65 Neutral	$209.49M	3.91	―	―	4.03%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
GDEN	54 Neutral	$783.39M	160.31	1.15%	3.42%	-12.25%	-84.89%
BALY	54 Neutral	$818.06M	―	-114.88%	―	0.36%	47.55%
FLL	45 Neutral	$87.03M	―	-121.54%	―	7.45%	5.03%
MSC	40 Underperform	$777.54M	―	-11.41%	―	9.50%	24.64%

Golden Entertainment Corporate Events

Golden Entertainment Announces Major Transaction Agreement

On November 6, 2025, Golden Entertainment, Inc. announced a Master Transaction Agreement with Argento, LLC, VICI Properties Inc., and VICI Royal Merger Sub LLC, involving a series of complex transactions including restructuring, mergers, and sales. The agreement, which is subject to shareholder approval and regulatory conditions, aims to restructure the company and distribute dividends to shareholders. The transactions are expected to close in mid-2026, potentially impacting the company’s operations and market positioning by aligning with strategic goals and enhancing shareholder value.

The most recent analyst rating on (GDEN) stock is a Hold with a $25.00 price target. To see the full list of analyst forecasts on Golden Entertainment stock, see the GDEN Stock Forecast page.

Golden Entertainment Reports Q3 2025 Financial Results

Golden Entertainment Inc., a diversified gaming and hospitality company, operates casinos and gaming taverns primarily in Nevada, offering a wide array of entertainment options including slots, table games, and hotel accommodations.

Golden Entertainment Announces Asset Sale to VICI Properties

On November 6, 2025, Golden Entertainment announced a definitive agreement to sell its operating assets to Blake L. Sartini and affiliates, and seven of its casino real estate assets to VICI Properties in a sale-leaseback transaction. The transaction, which offers a 41% premium to Golden’s closing share price as of November 5, 2025, is expected to close in mid-2026, subject to customary conditions and shareholder approval. Golden stockholders will receive a fixed exchange ratio of 0.902 shares of VICI common stock and a $2.75 cash distribution per share. The transaction aims to maximize shareholder value and strengthen Golden’s market position in Nevada’s gaming sector.

The most recent analyst rating on (GDEN) stock is a Hold with a $25.00 price target. To see the full list of analyst forecasts on Golden Entertainment stock, see the GDEN Stock Forecast page.

Golden Entertainment Inc. Earnings Call: Mixed Results and Optimistic Outlook

Golden Entertainment Inc.’s recent earnings call painted a mixed picture for investors. The company reported strong performance in its Nevada locals casinos and highlighted the positive impact of recent tax legislation. However, challenges in the Casino Resorts segment, particularly at STRAT, and in the tavern business tempered the positive news. Despite improvements in efficiency, external factors such as lower table game hold and weaker strip demand posed significant challenges.