GOLDEN ENTERTAINMENT INC (GDEN)
US3810131017 - Common Stock
We assign a fundamental rating of 4 out of 10 to GDEN. GDEN was compared to 135 industry peers in the Hotels, Restaurants & Leisure industry. Both the profitability and the financial health of GDEN get a neutral evaluation. Nothing too spectacular is happening here. GDEN has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year GDEN has reported negative net income.
GDEN had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: GDEN reported negative net income in multiple years.
In the past 5 years GDEN always reported a positive cash flow from operatings.
1.2 Ratios
GDEN has a Return On Assets of 17.61%. This is amongst the best in the industry. GDEN outperforms 94.78% of its industry peers.
GDEN's Return On Equity of 47.56% is amongst the best of the industry. GDEN outperforms 92.54% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.45%, GDEN is in the better half of the industry, outperforming 62.69% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for GDEN is in line with the industry average of 10.31%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.61% | ||
| ROE | 47.56% | ||
| ROIC | 7.45% |
ROA(3y)11.03%
ROA(5y)4.42%
ROE(3y)40.51%
ROE(5y)4.64%
ROIC(3y)8.97%
ROIC(5y)N/A
1.3 Margins
With an excellent Profit Margin value of 24.28%, GDEN belongs to the best of the industry, outperforming 97.01% of the companies in the same industry.
Looking at the Operating Margin, with a value of 10.25%, GDEN is in line with its industry, outperforming 55.22% of the companies in the same industry.
In the last couple of years the Operating Margin of GDEN has grown nicely.
GDEN has a Gross Margin of 43.03%. This is in the lower half of the industry: GDEN underperforms 61.94% of its industry peers.
In the last couple of years the Gross Margin of GDEN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.25% | ||
| PM (TTM) | 24.28% | ||
| GM | 43.03% |
OM growth 3YN/A
OM growth 5Y8.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.77%
GM growth 5Y1.66%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GDEN is destroying value.
Compared to 1 year ago, GDEN has more shares outstanding
Compared to 5 years ago, GDEN has more shares outstanding
GDEN has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.88 indicates that GDEN is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.88, GDEN is in line with its industry, outperforming 56.72% of the companies in the same industry.
GDEN has a debt to FCF ratio of 19.90. This is a negative value and a sign of low solvency as GDEN would need 19.90 years to pay back of all of its debts.
GDEN's Debt to FCF ratio of 19.90 is in line compared to the rest of the industry. GDEN outperforms 49.25% of its industry peers.
A Debt/Equity ratio of 1.22 is on the high side and indicates that GDEN has dependencies on debt financing.
GDEN has a better Debt to Equity ratio (1.22) than 61.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 19.9 | ||
| Altman-Z | 1.88 |
ROIC/WACC0.75
WACC9.94%
2.3 Liquidity
GDEN has a Current Ratio of 2.35. This indicates that GDEN is financially healthy and has no problem in meeting its short term obligations.
GDEN's Current ratio of 2.35 is amongst the best of the industry. GDEN outperforms 89.55% of its industry peers.
A Quick Ratio of 2.30 indicates that GDEN has no problem at all paying its short term obligations.
GDEN has a Quick ratio of 2.30. This is amongst the best in the industry. GDEN outperforms 90.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.35 | ||
| Quick Ratio | 2.3 |
3. Growth
3.1 Past
GDEN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -147.49%.
Looking at the last year, GDEN shows a decrease in Revenue. The Revenue has decreased by -6.11% in the last year.
The Revenue has been growing slightly by 4.34% on average over the past years.
EPS 1Y (TTM)-147.49%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-74.29%
Revenue 1Y (TTM)-6.11%
Revenue growth 3Y14.9%
Revenue growth 5Y4.34%
Revenue growth Q2Q-17.52%
3.2 Future
GDEN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 55.16% yearly.
GDEN is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -12.01% yearly.
EPS Next Y193.21%
EPS Next 2Y82.8%
EPS Next 3Y55.16%
EPS Next 5YN/A
Revenue Next Year-34.09%
Revenue Next 2Y-17.91%
Revenue Next 3Y-12.01%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
GDEN reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
The Price/Forward Earnings ratio is 30.35, which means the current valuation is very expensive for GDEN.
GDEN's Price/Forward Earnings is on the same level as the industry average.
GDEN is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.40, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 30.35 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GDEN is valued a bit cheaper than 77.61% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GDEN is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.22 | ||
| EV/EBITDA | 7.67 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GDEN has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as GDEN's earnings are expected to grow with 55.16% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y82.8%
EPS Next 3Y55.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.99%, GDEN has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.63, GDEN pays a better dividend. On top of this GDEN pays more dividend than 85.82% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, GDEN pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.99% |
5.2 History
GDEN does not have a reliable dividend history as it only pays dividend since a couple or years.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
GDEN pays out 22.57% of its income as dividend. This is a sustainable payout ratio.
DP22.57%
EPS Next 2Y82.8%
EPS Next 3Y55.16%
GOLDEN ENTERTAINMENT INC
NASDAQ:GDEN (4/23/2024, 9:02:00 AM)
34.79
+0.12 (+0.35%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.01B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.99% |
Dividend Growth(5Y)
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Surprises & Revisions
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 30.35 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.61% | ||
| ROE | 47.56% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.25% | ||
| PM (TTM) | 24.28% | ||
| GM | 43.03% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.35 | ||
| Quick Ratio | 2.3 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-147.49%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y193.21%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.11%
Revenue growth 3Y14.9%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
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Revenue Next 3Y
Revenue Next 5Y
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EBIT growth 3Y
EBIT growth 5Y
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