Caesars Entertainment, Inc. Stock Research

Market Summary

USD52.41-0.12

Delayed

-0.23%

CZR Stock Price

CZR RSI Chart

CZR Valuation

Market Cap

11.2B

Price/Earnings (Trailing)

-9.48

Price/Sales (Trailing)

1.05

EV/EBITDA

9.55

Price/Free Cashflow

-48.76

CZR Price/Sales (Trailing)

CZR Profitability

EBT Margin

-9.06%

Return on Equity

-30.82%

Return on Assets

-3.52%

Free Cashflow Yield

-2.05%

CZR Fundamentals

CZR Revenue

Revenue (TTM)

10.7B

Revenue Y/Y

7.52%

Revenue Q/Q

2.34%

CZR Earnings

Earnings (TTM)

-1.2B

Earnings Y/Y

122.32%

Earnings Q/Q

142.98%

Price Action

52 Week Range

31.3189.80

(Low)(High)

Last 7 days

10.3%

Last 30 days

31.1%

Last 90 days

18.8%

Trailing 12 Months

-25.5%

CZR Financial Health

Current Ratio

0.8

Debt/Equity

3.47

Debt/Cashflow

0.05

CZR Investor Care

Diluted EPS (TTM)

-5.56

Peers (Alternatives to Caesars Entertainment)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MAR	51.8B	19.3B	19.73%	14.11%	29.73	2.89	66.59%	361.03%
LVS	45.0B	4.0B	27.59%	40.02%	23.97	11.25	-5.66%	265.17%
HLT	39.3B	8.2B	16.68%	5.80%	36.59	4.81	68.63%	2653.85%
MGM	15.9B	12.7B	26.46%	0.99%	12.08	1.25	185.92%	95.35%
CZR	11.2B	10.7B	31.06%	-25.55%	-9.48	1.05	26.83%	-3.77%
MID-CAP
WH	6.7B	1.6B	10.65%	-4.38%	19.33	4.32	5.99%	85.11%
CHH	6.7B	1.3B	13.54%	-10.39%	19.58	5.04	35.43%	46.40%
BYD	6.4B	895.8M	15.42%	5.94%	11.08	7.13	-71.34%	31.81%
RRR	2.6B	1.7B	15.06%	5.04%	9.89	1.56	7.91%	113.49%
SMALL-CAP
TH	1.6B	431.2M	12.47%	476.04%	35.72	3.74	65.06%	370.62%
MCRI	1.4B	468.4M	1.88%	28.33%	16.96	3.08	36.69%	32.94%
DIN	1.2B	931.1M	19.99%	20.42%	13.47	1.3	7.95%	17.03%
PLYA	1.2B	860.6M	18.63%	0.97%	16.82	1.39	102.94%	143.54%
CNTY	263.4M	434.1M	30.67%	-8.98%	16.49	0.61	18.60%	-31.64%

Financials for Caesars Entertainment

Income Statement (Last 12 Months)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q3	2021Q2
Revenue	2.6%	10,666,666,667	10,397,333,333	9,972,000,000	8,410,000,000	7,168,000,000
S&GA Expenses	2.2%	2,043,000,000	2,000,000,000	1,901,000,000	1,683,000,000	-
EBITDA	19.1%	2,469,000,000	2,073,000,000	2,098,000,000	-	-
EBITDA Margin	16.1%	0.23	0.20	0.21	-	-
Earnings Before Taxes	28.1%	-966,000,000.00	-1,344,000,000.00	-1,331,000,000.00	-1,191,000,000.00	-
EBT Margin	29.9%	-0.09	-0.13	-0.13	-	-
Interest Expenses	-0.4%	2,241,000,000	2,251,000,000	2,268,000,000	2,316,000,000	-
Net Income	19.4%	-1,183,000,000.00	-1,468,000,000.00	-1,275,000,000.00	-1,140,000,000.00	-
Net Income Margin	21.6%	-0.11	-0.14	-0.13	-	-
Free Cahsflow	-34.5%	-230,000,000.00	-171,000,000.00	227,000,000	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Assets	-8.4%	33,594	36,670	37,073	38,031	38,962
Current Assets	-60.5%	1,936	4,900	5,120	5,964	5,925
Cash Equivalents	-5.3%	944	997	814	1,070	1,072
Inventory	-2.1%	46	47	44	42	45
Net PPE	-0.1%	14,592	14,606	14,637	14,601	14,529
Goodwill	0%	11,082	11,082	11,082	11,076	10,967
Liabilities	-9.9%	29,702	32,959	33,227	33,490	34,009
Current Liabilities	-50.5%	2,426	4,897	5,145	5,297	4,978
Long Term Debt	-6.2%	13,312	14,194	14,306	14,323	15,175
LT Debt, Current	0%	70	70	70	70	70
LT Debt, Non Current	-5.9%	12,857	13,668	13,741	13,722	14,453
Shareholder's Equity	3.4%	3,838	3,711	3,846	4,480	4,953
Retained Earnings	-	-2,410.00	-	-	-	-
Additional Paid-In Capital	-	6,877	-	-	-	-
Shares Outstanding	0%	214	214	214	214	214
Minority Interest	-12.9%	54	62	61	61	63

* denotes actual numbers (not divided by Millions)

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	7.9%	694	643	892	1,199	616
Share Based Compensation	-	82	-	-	-	-
Cashflow From Investing	-450.2%	-767.00	219	-1,582.00	-1,448.00	-1,089.00
Cashflow From Financing	-122.5%	-1,920.00	-863.00	-1,148.00	-1,141.00	439

Risks for CZR

What is the probability of a big loss on CZR?

86.5%

Probability that Caesars Entertainment stock will be more than 20% underwater in next one year

57.7%

Probability that Caesars Entertainment stock will be more than 30% underwater in next one year.

36.9%

Probability that Caesars Entertainment stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CZR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Caesars Entertainment was unfortunately bought at previous high price.

Drawdowns

Returns for CZR

Cumulative Returns on CZR

26.1%

7-Year Cumulative Returns

9.7%

5-Year Cumulative Returns

-3.9%

3-Year Cumulative Returns

What are the long-term rolling returns for CZR?

FIve years rolling returns for Caesars Entertainment.

Annualized Returns

Which funds bought or sold CZR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-01-26	STRS OHIO	added	23.88	6,457,000	17,264,000	0.08%
2023-01-26	COMERICA BANK	added	1.25	140,000	912,000	0.01%
2023-01-26	Calamos Advisors LLC	added	62.47	9,239,670	17,677,700	0.08%
2023-01-26	Sumitomo Mitsui DS Asset Management Company, Ltd	added	1.46	156,186	664,186	0.01%
2023-01-26	Accel Wealth Management	unchanged	-	-334	666	-%
2023-01-26	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	added	1.11	160,480	688,480	0.01%
2023-01-26	Calamos Wealth Management LLC	new	-	3,995,060	3,995,060	0.31%
2023-01-26	Riverview Trust Co	sold off	-100	-11,000	-	-%
2023-01-26	State of Tennessee, Treasury Department	unchanged	-	-203,000	1,086,000	-%
2023-01-26	Eagle Bay Advisors LLC	unchanged	-	458	458	-%

Latest Funds Activity

Are funds buying CZR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CZR

No. of Funds

Caesars Entertainment News

Schedule 13G FIlings of Caesars Entertainment

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 11, 2022	capital research global investors	8.1%	17,328,116	SC 13G/A
Feb 11, 2022	capital world investors	5.1%	10,853,891	SC 13G/A
Feb 09, 2022	vanguard group inc	10.08%	21,553,347	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 08, 2022	blackrock inc.	7.1%	15,270,104	SC 13G/A
Jul 12, 2021	blackrock inc.	7.6%	15,846,400	SC 13G/A
Apr 12, 2021	vanguard group inc	10.36%	21,582,944	SC 13G/A
Feb 16, 2021	canyon capital advisors llc	-	10	SC 13G/A
Feb 16, 2021	canyon capital advisors llc	1.46%	3,030,991	SC 13G/A
Feb 16, 2021	capital world investors	5.3%	11,118,142	SC 13G

CZR Fair Value

Caesars Entertainment fair value in different scenarios

The table shows the Fair Value estimates for Caesars Entertainment for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	18.80 -64.13%	60.09 14.65%	172.25 228.66%	429.38 719.27%	832.05 1487.58%
Current Inflation	16.79 -67.96%	52.92 0.97%	148.79 183.90%	367.51 601.22%	707.83 1250.56%
Very High Inflation	14.31 -72.70%	44.37 -15.34%	121.53 131.88%	296.33 465.41%	565.95 979.85%

Fair Value

Very Pessimistic

Pessimistic

Base Case

Optimistic

Very Optimistic

Very Low Inflation

18.80

-64.13%

60.09

14.65%

172.25

228.66%

429.38

719.27%

832.05

1487.58%

Current Inflation

16.79

-67.96%

52.92

0.97%

148.79

183.90%

367.51

601.22%

707.83

1250.56%

Very High Inflation

14.31

-72.70%

44.37

-15.34%

121.53

131.88%

296.33

465.41%

565.95

979.85%

Historical Caesars Entertainment Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Caesars Entertainment

View All Filings

Date Filed	Form Type	Document
Jan 26, 2023	4	Insider Trading
Jan 26, 2023	8-K	Current Report
Jan 26, 2023	4	Insider Trading
Jan 26, 2023	4	Insider Trading
Jan 26, 2023	4	Insider Trading
Jan 26, 2023	4	Insider Trading
Jan 26, 2023	4	Insider Trading
Jan 26, 2023	4	Insider Trading
Jan 24, 2023	8-K	Current Report
Jan 23, 2023	8-K	Current Report

Latest Insider Trading transactions for CZR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-01-24	Lepori Stephanie	acquired	-	-	2,912	cao & chief admin. officer
2023-01-24	Reeg Thomas	sold (taxes)	-868,837	51.09	-17,006	chief executive officer
2023-01-24	Quatmann Edmund L Jr	sold (taxes)	-111,632	51.09	-2,185	chief legal officer
2023-01-24	Carano Gary L.	acquired	-	-	22,779	exec. chairman of the board
2023-01-24	Yunker Bret	acquired	-	-	13,505	chief financial officer
2023-01-24	Carano Gary L.	sold (taxes)	-457,971	51.09	-8,964	exec. chairman of the board
2023-01-24	Carano Anthony L.	acquired	-	-	18,007	president and coo
2023-01-24	Lepori Stephanie	sold (taxes)	-40,718.7	51.09	-797	cao & chief admin. officer
2023-01-24	Carano Anthony L.	sold (taxes)	-362,024	51.09	-7,086	president and coo
2023-01-24	Jones Josh	sold (taxes)	-45,163.6	51.09	-884	chief marketing officer

About Caesars Entertainment

CZR Income Statement

2022-09-30

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
REVENUES:
Net revenues	$ 2,887	$ 2,685	$ 8,000	$ 6,979
EXPENSES:
Other	105	114	298	262
General and administrative	529	486	1,545	1,284
Corporate	63	86	208	228
Depreciation and amortization	304	276	910	842
Transaction and other operating costs, net	7	21	(14)	113
Total operating expenses	2,228	2,153	6,749	5,641
Operating income	659	532	1,251	1,338
OTHER EXPENSE:
Interest expense, net	(569)	(579)	(1,680)	(1,734)
Loss on extinguishment of debt	(33)	(117)	(33)	(140)
Other income (loss)	4	(153)	53	(176)
Total other expense	(598)	(849)	(1,660)	(2,050)
Income (loss) from continuing operations before income taxes	61	(317)	(409)	(712)
Benefit (provision) for income taxes	(8)	90	47	167
Net income (loss) from continuing operations, net of income taxes	53	(227)	(362)	(545)
Discontinued operations, net of income taxes	0	(4)	(386)	(38)
Net income (loss)	53	(231)	(748)	(583)
Net income attributable to noncontrolling interests	(1)	(2)	(3)	(2)
Net income (loss) attributable to Caesars	$ 52	$ (233)	$ (751)	$ (585)
Net income (loss) per share - basic
Basic income (loss) per share from continuing operations (in dollars per share)	$ 0.24	$ (1.08)	$ (1.70)	$ (2.60)
Basic loss per share from discontinued operations (in dollars per share)	0	(0.02)	(1.80)	(0.18)
Basic income (loss) per share (in dollars per share)	0.24	(1.10)	(3.50)	(2.78)
Net income (loss) per share -Diluted
Diluted income (loss) per share from continuing operations (in dollars per share)	0.24	(1.08)	(1.70)	(2.60)
Diluted loss per share from discontinued operations (in dollar per shares)	0	(0.02)	(1.80)	(0.18)
Diluted income (loss) per share (in dollars per share)	$ 0.24	$ (1.10)	$ (3.50)	$ (2.78)
Weighted average number of shares outstanding:
Weighted average basic shares outstanding (in shares)	214	214	214	211
Weighted average diluted shares outstanding (in shares)	215	214	214	211
Casino and pari-mutuel commissions
REVENUES:
Net revenues	$ 1,605	$ 1,510	$ 4,446	$ 4,308
EXPENSES:
Cost of goods and services	838	830	2,727	2,111
Food and beverage
REVENUES:
Net revenues	411	347	1,172	797
EXPENSES:
Cost of goods and services	240	210	684	484
Hotel
REVENUES:
Net revenues	544	511	1,446	1,122
EXPENSES:
Cost of goods and services	142	130	391	317
Other
REVENUES:
Net revenues	$ 327	$ 317	$ 936	$ 752

CZR Balance Sheet

2022-09-30

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 944	$ 1,070
Restricted cash and investments	136	319
Accounts receivable, net	506	472
Inventories	46	42
Prepayments and other current assets	304	290
Assets held for sale	0	3,771
Total current assets	1,936	5,964
Investment in and advances to unconsolidated affiliates	96	158
Property and equipment, net	14,592	14,601
Gaming rights and other intangibles, net	4,779	4,920
Goodwill	11,082	11,076
Other assets, net	1,109	1,312
Total assets	33,594	38,031
CURRENT LIABILITIES:
Accounts payable	300	254
Accrued interest	229	320
Accrued other liabilities	1,827	1,973
Current portion of long-term debt	70	70
Liabilities related to assets held for sale	0	2,680
Total current liabilities	2,426	5,297
Long-term financing obligation	12,565	12,424
Long-term debt	12,857	13,722
Deferred income taxes	982	1,111
Other long-term liabilities	872	936
Total liabilities	29,702	33,490
Commitments and contingencies (Note 8)
STOCKHOLDERS’ EQUITY:
Caesars stockholders’ equity	3,838	4,480
Noncontrolling interests	54	61
Total stockholders’ equity	3,892	4,541
Total liabilities and stockholders’ equity	$ 33,594	$ 38,031