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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 0.5x - 0.5x | 0.5x |
Selected Fwd Ps Multiple | 0.1x - 0.1x | 0.1x |
Fair Value | $1.46 - $1.61 | $1.54 |
Upside | 75.3% - 93.7% | 84.5% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Century Casinos, Inc. | - | NasdaqCM:CNTY |
CAVA Group, Inc. | - | NYSE:CAVA |
Caesars Entertainment, Inc. | - | NasdaqGS:CZR |
Sabre Corporation | - | NasdaqGS:SABR |
Sweetgreen, Inc. | - | NYSE:SG |
Hall of Fame Resort & Entertainment Company | - | NasdaqCM:HOFV |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
CNTY | CAVA | CZR | SABR | SG | HOFV | |||
NasdaqCM:CNTY | NYSE:CAVA | NasdaqGS:CZR | NasdaqGS:SABR | NYSE:SG | NasdaqCM:HOFV | |||
Historical Sales Growth | ||||||||
5Y CAGR | 21.4% | NM- | 34.8% | -5.3% | 19.8% | 22.0% | ||
3Y CAGR | 14.0% | 24.4% | 5.5% | 21.5% | 25.8% | 25.3% | ||
Latest Twelve Months | 4.7% | 32.3% | -2.5% | 4.2% | 15.9% | -12.1% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -5.7% | -1.0% | -11.6% | -36.8% | -35.8% | -551.8% | ||
Prior Fiscal Year | -5.1% | 1.8% | 6.8% | -18.6% | -19.4% | -289.0% | ||
Latest Fiscal Year | -22.3% | 13.5% | -2.5% | -9.2% | -13.4% | -268.4% | ||
Latest Twelve Months | -22.3% | 13.5% | -2.5% | -9.2% | -13.4% | -268.4% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 11.3x | 79.8x | 8.3x | 13.8x | -74.1x | -21.0x | ||
Price / LTM Sales | 0.1x | 9.0x | 0.4x | 0.3x | 3.6x | 0.3x | ||
LTM P/E Ratio | -0.4x | 66.7x | -17.7x | -3.0x | -27.1x | -0.1x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.1x | 0.4x | 9.0x | |||||
Historical LTM P/S Ratio | 0.3x | 2.8x | 15.2x | |||||
Selected Price / Sales Multiple | 0.5x | 0.5x | 0.5x | |||||
(x) LTM Sales | 21 | 21 | 21 | |||||
(=) Equity Value | 10 | 10 | 11 | |||||
(/) Shares Outstanding | 6.7 | 6.7 | 6.7 | |||||
Implied Value Range | 1.46 | 1.54 | 1.61 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 1.46 | 1.54 | 1.61 | 0.83 | ||||
Upside / (Downside) | 75.3% | 84.5% | 93.7% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | CNTY | CAVA | CZR | SABR | SG | HOFV | |
Value of Common Equity | 48 | 8,692 | 4,914 | 830 | 2,449 | 6 | |
(/) Shares Outstanding | 30.7 | 115.6 | 212.0 | 386.1 | 117.3 | 6.7 | |
Implied Stock Price | 1.56 | 75.19 | 23.18 | 2.15 | 20.88 | 0.83 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 1.56 | 75.19 | 23.18 | 2.15 | 20.88 | 0.83 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |