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PENN

35.03USD-0.67(-1.88%)Delayed

Penn National Gaming Inc

Market Summary

USD35.03-0.67Delayed
-1.88%

PENN Stock Price

RSI Chart

Valuation

Market Cap

5.2B

Price/Earnings

24.84

Price/Sales

0.83

Price/Cashflow

6.27

MarketCap/EBT

14.52

Price/Sales

Profitability

EBT Margin

5.70%

Return on Equity

5.55%

Return on Assets

1.17%

Fundamentals

Revenue

Revenue (TTM)

6.3B

Revenue Y/Y

5.25%

Revenue Q/Q

4.01%

Earnings

Earnings (TTM)

208.9M

Earnings Y/Y

-86.86%

Earnings Q/Q

-49.52%

Price Action

52 Week Range

25.4953.37
(Low)(High)

Last 7 days

0.1%

Last 30 days

6.7%

Last 90 days

11.9%

Trailing 12 Months

-30.3%

Financial Health

Current Ratio

1.9

Debt/Equity

0.75

Debt/Cashflow

0.29

Investor Care

Shares Dilution (1Y)

1.13%

Diluted EPS (TTM)

1.2

Peers (Alternatives to Penn National Gaming)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.8B
17.9B
8.53% 10.28%
29.73
2.89
81.27% 402.31%
14.1B
12.6B
5.61% -10.04%
4.35
1.19
55.14% 95.35%
MID-CAP
8.7B
2.5B
19.72% -20.69%
25.09
3.46
32.27% 172.13%
7.7B
1.7B
9.49% -3.17%
16.08
4.57
12.17% 116.11%
6.7B
1.6B
-0.36% -8.11%
19.33
4.32
5.99% 85.11%
6.6B
3.8B
26.84% 3.48%
-10.09
1.7
11.71% 25.31%
5.2B
6.3B
6.70% -30.30%
24.84
0.83
26.07% -52.81%
4.0B
1.7B
-0.26% -7.81%
14.07
2.37
32.99% 124.99%
2.3B
1.8B
2.70% -13.40%
28.17
1.37
71.80% 311.51%
SMALL-CAP
1.8B
1.4B
12.57% -37.10%
13.65
1.2
8.26% 102.71%
1.5B
468.4M
5.43% 20.98%
18.91
3.38
36.69% 32.94%
1.2B
1.1B
1.34% -5.33%
11.45
1.07
10.17% -27.23%
1.2B
431.2M
26.08% 320.85%
35.73
3.25
65.06% 370.62%
231.7M
170.5M
3.65% -19.67%
42.74
1.31
-2.68% -127.31%
231.1M
434.1M
-3.26% -43.88%
9.53
0.53
18.60% -31.64%

Financials for Penn National Gaming

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue1.3%6,2756,1945,9055,3604,978
  S&GA Expenses-3.2%1,2801,3221,3531,3211,262
Earnings Before Taxes-32.2%357527539506510
Net Income-45.2%209382421387443
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets-1.1%17,88118,07116,87215,74915,078
  Current Assets-2.6%2,0592,1132,2243,0392,552
    Cash Equivalents-5.4%1,7081,8061,8642,7292,275
  Net PPE-0.9%4,5404,5804,5824,5704,456
  Goodwill-1.7%2,8002,8472,8231,1751,166
Liabilities0.0%14,11514,11812,77512,67712,120
  Current Liabilities-3.3%1,0861,1231,1331,078958
  Long Term Debt-0.3%2,8312,841---
    LT Debt, Current-43.9%561001009590
    LT Debt, Non Current1.3%2,7302,6942,6372,6542,270
Shareholder's Equity-4.7%3,7673,9544,0983,0722,958
  Retained Earnings164.2%10-15.90-86.50-131.50-217.60
  Additional Paid-In Capital0.4%4,1874,1704,2403,2043,179
Shares Outstanding-2.0%165168157157-
Minority Interest0%-0.80-0.80-0.70-0.50-0.50
Float-11,800----
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations-12.0%828941896897974
  Share Based Compensation11.1%5348352519
Cashflow From Investing-0.2%-1,236.40-1,234.10-1,221.80-267.30-114.30
Cashflow From Financing-484.7%-156.2041340240174
  Buy Backs95.4%68435000
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on PENN?

96.5%


Probability that Penn National Gaming stock will be more than 20% underwater in next one year

80.4%


Probability that Penn National Gaming stock will be more than 30% underwater in next one year.

69.6%


Probability that Penn National Gaming 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 PENN drawdown profile look like?

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

Returns

Cumulative Returns on PENN

11.9%


10-Year Cumulative Returns

11.9%


7-Year Cumulative Returns

3.9%


5-Year Cumulative Returns

14.4%


3-Year Cumulative Returns

What are the long-term rolling returns for PENN?

FIve years rolling returns for Penn National Gaming.

Which funds bought or sold PENN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
-
-
-247,000
-
-%
2022-11-23
Toroso Investments, LLC
REDUCED
-10
-59,000
259,000
0.01%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-304
-
-%
2022-11-22
CVA Family Office, LLC
REDUCED
-24.07
-2,000
6,000
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,457,000
1,457,000
0.02%
2022-11-22
B. Riley Wealth Advisors, Inc.
NEW
-
355,000
355,000
0.01%
2022-11-21
Sunbelt Securities, Inc.
SOLD OFF
-100
-245,000
-
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-4.16
-873,000
5,674,000
0.01%
2022-11-21
Parallax Volatility Advisers, L.P.
ADDED
0.49
-565,000
5,634,000
0.01%
2022-11-18
Ambassador Advisors, LLC
ADDED
0.3
-21,000
204,000
0.05%

1–10 of 42

Latest Funds Activity

Are funds buying PENN calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own PENN

Penn National Gaming News

Seeking Alpha

Wynn, Melco Resorts shine in new look at gaming sector from JPMorgan.6 days ago

Yahoo Finance

Yahoo Finance

PENN Fair Value

Recent SEC filings of Penn National Gaming

View All Filings
Date Filed Form Type Document
Nov 03, 2022
8-K
Current Report
Nov 03, 2022
10-Q
Quarterly Report
Oct 11, 2022
8-K
Current Report
Sep 26, 2022
4
Insider Trading
Sep 26, 2022
4
Insider Trading

Latest Insider Trading transactions for PENN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-09-22
George Todd
GIVEN BACK TO IS
-291,079
29.14
-9,989
EVP, Operations
2022-09-22
George Todd
ACQUIRED
-
-
9,989
EVP, Operations
2022-09-22
Rogers Christopher Byron
GIVEN BACK TO IS
-145,525
29.14
-4,994
EVP and Chief Strategy Officer
2022-09-22
Rogers Christopher Byron
ACQUIRED
-
-
4,994
EVP and Chief Strategy Officer
2022-08-15
Reibstein Saul
SOLD
-193,421
38.03
-5,086
-
2022-08-15
Reibstein Saul
ACQUIRED
65,456.8
12.87
5,086
-
2022-03-28
Reibstein Saul
ACQUIRED
-
-
2,383
-
2022-03-28
Reibstein Saul
GIVEN BACK TO IS
-98,942.2
41.52
-2,383
-
2022-03-09
Snowden Jay A
ACQUIRED
-
-
28,181
President and CEO
2022-03-09
Snowden Jay A
SOLD (Taxes)
-1,188,710
41.75
-28,472
President and CEO

1–10 of 50

Jay A. Snowden
22000
Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals. It operates through five segments: Northeast, South, West, Midwest, Interactive. The company offers casino gaming, online gaming, live racing, sports betting, and digital sports content. As of December 31, 2021, the company owned, managed, or had ownership interests in 44 gaming and racing properties in 20 states. It owns various trademarks and service marks, including, Ameristar, Argosy, Boomtown, Greektown, Hollywood Casino, Hollywood Gaming, Tropicana Las Vegas, L'Auberge, M Resort, and My Choice. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

PENN Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues    
Total revenues$ 1,625.0$ 1,511.8$ 4,816.1$ 4,332.5
Operating expenses    
General and administrative277.9376.5847.21,019.2
Depreciation and amortization148.783.7417.2246.9
Impairment losses104.60.0104.60.0
Total operating expenses1,488.31,272.74,085.03,499.0
Operating income136.7239.1731.1833.5
Other income (expenses)    
Interest expense, net(193.3)(144.9)(547.7)(418.6)
Income from unconsolidated affiliates6.69.117.127.8
Other(8.8)19.2(77.7)43.1
Total other expenses(195.5)(116.6)(608.3)(347.7)
Income (loss) before income taxes(58.8)122.5122.8485.8
Income tax benefit (expense)182.0(36.4)78.1(110.1)
Net income123.286.1200.9375.7
Less: Net loss attributable to non-controlling interest0.30.00.40.1
Net income attributable to PENN Entertainment$ 123.5$ 86.1$ 201.3$ 375.8
Earnings per share:    
Basic earnings per share (in dollars per share)$ 0.78$ 0.55$ 1.23$ 2.40
Diluted earnings per share (in dollars per share)$ 0.72$ 0.52$ 1.15$ 2.24
Weighted average common shares outstanding - Basic (in shares)157.6156.1163.5155.9
Weighted average common shares outstanding - diluted (in shares)173.0172.7179.0172.7
Gaming    
Revenues    
Total revenues$ 1,317.5$ 1,256.2$ 3,934.3$ 3,643.7
Operating expenses    
Cost of revenue757.9652.42,158.11,801.1
Food, beverage, hotel and other    
Revenues    
Total revenues307.5255.6881.8688.8
Operating expenses    
Cost of revenue$ 199.2$ 160.1$ 557.9$ 431.8

PENN Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 1,728.4$ 1,863.9
Accounts receivable, net155.8195.0
Prepaid expenses111.8132.3
Other current assets62.532.4
Total current assets2,058.52,223.6
Property and equipment, net4,517.24,582.2
Investment in and advances to unconsolidated affiliates246.3255.1
Goodwill2,661.82,822.5
Other intangible assets, net1,754.61,872.6
Lease right-of-use assets6,108.94,853.0
Other assets187.8263.1
Total assets17,535.116,872.1
Current liabilities  
Accounts payable40.953.3
Current maturities of long-term debt55.899.5
Current portion of financing obligations65.039.0
Current portion of lease liabilities188.7142.9
Accrued expenses and other current liabilities797.9798.5
Total current liabilities1,148.31,133.2
Long-term debt, net of current maturities, debt discount and debt issuance costs2,730.22,637.3
Long-term portion of financing obligations3,984.74,057.8
Long-term portion of lease liabilities5,892.44,628.6
Deferred income taxes37.8189.1
Other long-term liabilities125.7129.0
Total liabilities13,919.112,775.0
Commitments and contingencies (Note 12)
Stockholders’ equity  
Treasury stock, at cost, (16,857,787 and 2,167,393 shares)(538.5)(28.4)
Additional paid-in capital4,201.94,239.6
Retained earnings (accumulated deficit)133.7(86.5)
Accumulated other comprehensive loss(201.1)(54.4)
Total PENN Entertainment stockholders’ equity3,617.14,097.8
Non-controlling interest(1.1)(0.7)
Total stockholders’ equity3,616.04,097.1
Total liabilities and stockholders’ equity17,535.116,872.1
Series B Preferred Stock  
Stockholders’ equity  
Preferred stock0.00.0
Series C Preferred Stock  
Stockholders’ equity  
Preferred stock0.00.0
Series D Preferred Stock  
Stockholders’ equity  
Preferred stock19.425.8
Common Stock, Non-Exchangeable  
Stockholders’ equity  
Common stock1.71.7
Common Stock, Exchangeable  
Stockholders’ equity  
Common stock$ 0.0$ 0.0