Caesars Entertainment, Inc. Stock Research

Market Summary

USD44.86+3.20

Market Closed

7.68%

CZR Alerts

1 major insider buys recently.
Big jump in Earnings (Y/Y)
Losses in recent quarter

CZR Stock Price

CZR RSI Chart

CZR Valuation

Market Cap

9.6B

Price/Earnings (Trailing)

-27.28

Price/Sales (Trailing)

0.85

EV/EBITDA

2.81

Price/Free Cashflow

24.14

CZR Price/Sales (Trailing)

CZR Profitability

EBT Margin

-5.22%

Return on Equity

-24.21%

Return on Assets

-2.68%

Free Cashflow Yield

4.14%

CZR Fundamentals

CZR Revenue

Revenue (TTM)

11.4B

Revenue Y/Y

23.47%

Revenue Q/Q

0.32%

CZR Earnings

Earnings (TTM)

-353.0M

Earnings Y/Y

80%

Earnings Q/Q

8.11%

Price Action

52 Week Range

31.3156.75

(Low)(High)

Last 7 days

6.4%

Last 30 days

1.9%

Last 90 days

-17.6%

Trailing 12 Months

-13.5%

CZR Financial Health

Current Ratio

0.79

Debt/Equity

3.59

Debt/Cashflow

0.07

CZR Investor Care

Shares Dilution (1Y)

0.42%

Diluted EPS (TTM)

-1.65

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	55.0B	22.2B	-0.69%	2.04%	20.1	2.48	40.97%	84.13%
LVS	45.0B	5.3B	-4.05%	65.89%	-81.72	8.52	32.81%	-129.83%
HLT	37.9B	9.3B	-2.01%	0.59%	30.35	4.06	40.84%	71.10%
MGM	15.0B	14.1B	-6.93%	15.91%	7.64	1.06	29.94%	24.85%
CZR	9.6B	11.4B	1.91%	-13.51%	-27.28	0.85	12.80%	72.31%
MID-CAP
WH	7.3B	1.4B	4.73%	-11.40%	23.13	5.08	-11.76%	-3.07%
BYD	6.8B	3.6B	-5.30%	10.65%	10.66	1.92	5.51%	37.84%
CHH	5.9B	1.5B	-10.41%	-10.92%	18.63	4.01	29.10%	-4.92%
RRR	2.5B	1.7B	-0.82%	18.67%	12.3	1.52	1.73%	-43.15%
SMALL-CAP
TH	1.6B	569.5M	21.75%	134.20%	13.26	2.73	74.59%	1194.94%
PLYA	1.4B	910.5M	-2.19%	1.73%	25.58	1.59	34.60%	148.48%
MCRI	1.3B	486.2M	-0.65%	-1.49%	15.22	2.72	13.40%	10.94%
DIN	995.2M	892.8M	-1.87%	-14.90%	11.89	1.11	-3.21%	-13.84%
CNTY	221.4M	435.9M	4.43%	-21.00%	33.99	0.51	3.99%	-70.73%

Financials for Caesars Entertainment

Income Statement (Last 12 Months)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	5.0%	11,359,000,000	10,821,000,000	10,591,000,000	10,389,000,000	10,070,000,000
S&GA Expenses	0.5%	2,078,000,000	2,068,000,000	2,043,000,000	2,000,000,000	1,901,000,000
EBITDA	26.4%	2,650,000,000	2,097,000,000	2,073,000,000	2,098,000,000	-
EBITDA Margin	23.7%	0.24	0.20	0.20	0.21	-
Earnings Before Taxes	66.0%	-192,000,000	-565,000,000	-966,000,000	-1,344,000,000	-1,331,000,000
EBT Margin	42.8%	-0.05	-0.09	-0.13	-0.13	-
Interest Expenses	3.1%	2,073,000,000	2,010,000,000	1,869,000,000	1,879,000,000	1,896,000,000
Net Income	60.7%	-353,000,000	-899,000,000	-1,183,000,000	-1,468,000,000	-1,275,000,000
Net Income Margin	25.6%	-0.08	-0.11	-0.14	-0.13	-
Free Cahsflow	117.8%	41,000,000	-230,000,000	-171,000,000	227,000,000	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.5%	33,349	33,527	33,594	36,670	37,073
Current Assets	-4.3%	2,011	2,102	1,936	4,900	5,120
Cash Equivalents	-7.0%	965	1,038	944	997	814
Inventory	-3.4%	57.00	59.00	46.00	47.00	44.00
Net PPE	-0.1%	14,592	14,606	14,637	-	-
Goodwill	0%	11,004	11,004	11,082	11,082	11,082
Liabilities	-0.2%	29,714	29,776	29,702	32,959	33,227
Current Liabilities	-10.9%	2,377	2,668	2,426	4,897	5,145
Long Term Debt	-6.2%	13,312	14,194	14,306	-	-
LT Debt, Current	-37.0%	68.00	108	70.00	70.00	70.00
LT Debt, Non Current	1.9%	12,904	12,659	12,857	13,668	13,741
Shareholder's Equity	-2.1%	3,635	3,713	3,838	3,711	3,846
Retained Earnings	-	-3,309	-	-	-	-
Additional Paid-In Capital	-	6,953	-	-	-	-
Shares Outstanding	0.3%	215	214	214	214	-
Minority Interest	0%	38.00	38.00	54.00	62.00	61.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	42.3%	1,413	993	694	643	892
Share Based Compensation	6.9%	108	101	100	-	-
Cashflow From Investing	-9.4%	-840	-768	-767	219	-1,582
Cashflow From Financing	1.1%	-1,268	-1,282	-1,920	-863	-1,148

Risks for CZR

What is the probability of a big loss on CZR?

93.5%

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

64.6%

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

42.3%

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

17.1%

7-Year Cumulative Returns

-0.2%

5-Year Cumulative Returns

8.1%

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
2023-06-01	PRELUDE CAPITAL MANAGEMENT, LLC	added	25.72	781,694	2,427,220	0.14%
2023-06-01	MACQUARIE GROUP LTD	added	37.38	289,617	762,900	-%
2023-05-30	Aspire Private Capital, LLC	added	228	47,650	64,332	0.02%
2023-05-26	ProShare Advisors LLC	added	18.96	432,183	1,524,140	-%
2023-05-23	Brookfield Corp /ON/	new	-	1,409,050	1,409,050	-%
2023-05-23	Toroso Investments, LLC	added	168	1,116,000	1,634,000	0.03%
2023-05-22	AMERIPRISE FINANCIAL INC	added	418	29,495,500	35,291,500	0.01%
2023-05-22	Raleigh Capital Management Inc.	unchanged	-	3,966	26,846	0.01%
2023-05-22	American Trust	reduced	-26.3	-68,983	440,950	0.03%
2023-05-18	JPMORGAN CHASE & CO	added	60.44	9,807,610	20,922,600	-%

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 13, 2023	capital world investors	4.9%	10,500,308	SC 13G/A
Feb 13, 2023	capital research global investors	9.7%	20,900,743	SC 13G/A
Feb 13, 2023	janus henderson group plc	5.7%	12,298,927	SC 13G
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	10.62%	22,779,060	SC 13G/A
Feb 03, 2023	blackrock inc.	8.1%	17,362,106	SC 13G/A
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

CZR Fair Value

Show Fair-Value

Recent SEC filings of Caesars Entertainment

View All Filings

Date Filed	Form Type	Document
May 08, 2023	4	Insider Trading
May 03, 2023	10-Q	Quarterly Report
May 02, 2023	8-K	Current Report
Apr 28, 2023	DEFA14A	DEFA14A
Apr 28, 2023	DEF 14A	DEF 14A
Apr 17, 2023	PRE 14A	PRE 14A
Apr 05, 2023	4	Insider Trading
Feb 22, 2023	10-K	Annual Report

Latest Insider Trading transactions for CZR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-05	Pegram Michael E	bought	1,125,430	45.0173	25,000	-
2023-04-03	MATHER COURTNEY	acquired	-	-	1,371	-
2023-01-30	Carano Gary L.	sold (taxes)	-169,273	50.62	-3,344	exec. chairman of the board
2023-01-30	Jones Josh	sold (taxes)	-44,545	50.62	-880	chief marketing officer
2023-01-30	Lepori Stephanie	sold (taxes)	-58,314	50.62	-1,152	cao & chief admin. officer
2023-01-30	Yunker Bret	sold (taxes)	-223,842	50.62	-4,422	chief financial officer
2023-01-30	Reeg Thomas	sold (taxes)	-661,047	50.62	-13,059	chief executive officer
2023-01-30	Carano Anthony L.	sold (taxes)	-273,702	50.62	-5,407	president and coo
2023-01-30	Quatmann Edmund L Jr	sold (taxes)	-90,761	50.62	-1,793	chief legal officer
2023-01-29	Carano Gary L.	acquired	-	-	8,495	exec. chairman of the board

About Caesars Entertainment

CZR Income Statement

2023-03-31

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
REVENUES:
Net revenues	$ 2,830	$ 2,292
EXPENSES:
Other	107	88
General and administrative	509	499
Corporate	79	69
Depreciation and amortization	300	300
Transaction and other costs, net	16	(35)
Total operating expenses	2,227	2,302
Operating income (loss)	603	(10)
OTHER EXPENSE:
Interest expense, net	(594)	(552)
Loss on extinguishment of debt	(197)	0
Other income	3	4
Total other expense	(788)	(548)
Loss from continuing operations before income taxes	(185)	(558)
Benefit for income taxes	49	107
Loss from continuing operations, net of income taxes	(136)	(451)
Discontinued operations, net of income taxes	0	(229)
Net loss	(136)	(680)
Net (income) loss attributable to noncontrolling interests	0	0
Net loss attributable to Caesars	$ (136)	$ (680)
Net Loss per Share - Basic
Basic loss per share from continuing operations (in dollars per share)	$ (0.63)	$ (2.11)
Basic loss per share from discontinued operations (in dollars per share)	0	(1.07)
Basic loss per share (in dollars per share)	(0.63)	(3.18)
Net loss per share -Diluted
Diluted loss per share from continuing operations (in dollars per share)	(0.63)	(2.11)
Diluted loss per share from discontinued operations (in dollar per shares)	0	(1.07)
Diluted loss per share (in dollars per share)	$ (0.63)	$ (3.18)
Weighted average number of shares outstanding:
Weighted average basic shares outstanding (in shares)	215	214
Weighted average diluted shares outstanding (in shares)	215	214
Casino
REVENUES:
Net revenues	$ 1,585	$ 1,292
EXPENSES:
Cost of goods and services	828	1,064
Food and beverage
REVENUES:
Net revenues	427	339
EXPENSES:
Cost of goods and services	251	202
Hotel
REVENUES:
Net revenues	503	383
EXPENSES:
Cost of goods and services	137	115
Other
REVENUES:
Net revenues	$ 315	$ 278

CZR Balance Sheet

2023-03-31

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 965	$ 1,038
Restricted cash	155	131
Accounts receivable, net	543	611
Inventories	57	59
Prepayments and other current assets	291	263
Total current assets	2,011	2,102
Investments in and advances to unconsolidated affiliates	91	94
Property and equipment, net	14,608	14,598
Goodwill	11,004	11,004
Intangible assets other than goodwill	4,678	4,714
Other assets, net	957	1,015
Total assets	33,349	33,527
CURRENT LIABILITIES:
Accounts payable	285	314
Accrued interest	252	318
Accrued other liabilities	1,772	1,928
Current portion of long-term debt	68	108
Total current liabilities	2,377	2,668
Long-term financing obligation	12,648	12,610
Long-term debt	12,904	12,659
Deferred income taxes	931	987
Other long-term liabilities	854	852
Total liabilities	29,714	29,776
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY:
Caesars stockholders’ equity	3,597	3,713
Noncontrolling interests	38	38
Total stockholders’ equity	3,635	3,751
Total liabilities and stockholders’ equity	$ 33,349	$ 33,527