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Penn National Gaming Inc Stock Research

PENN

27.99USD+0.32(+1.16%)Market Closed

Market Summary

USD27.99+0.32
Market Closed
1.16%

PENN Alerts

PENN Stock Price

PENN RSI Chart

PENN Valuation

Market Cap

4.4B

Price/Earnings (Trailing)

19.86

Price/Sales (Trailing)

0.69

EV/EBITDA

1.9

Price/Free Cashflow

5.02

PENN Price/Sales (Trailing)

PENN Profitability

EBT Margin

2.74%

Return on Equity

6.17%

Return on Assets

1.27%

Free Cashflow Yield

19.91%

PENN Fundamentals

PENN Revenue

Revenue (TTM)

6.4B

Revenue Y/Y

0.83%

Revenue Q/Q

-2.42%

PENN Earnings

Earnings (TTM)

222.1M

Earnings Y/Y

-53.78%

Earnings Q/Q

-83.16%

Price Action

52 Week Range

25.4945.05
(Low)(High)

Last 7 days

1.3%

Last 30 days

-11.8%

Last 90 days

-8.3%

Trailing 12 Months

-35.2%

PENN Financial Health

Current Ratio

1.74

Debt/Equity

0.75

Debt/Cashflow

0.29

PENN Investor Care

Shares Dilution (1Y)

0.96%

Diluted EPS (TTM)

1.29

Peers (Alternatives to Penn National Gaming)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.6B
20.8B
-8.01% -8.41%
20.62
2.34
49.91% 114.56%
15.6B
13.1B
-4.99% -2.47%
10.58
1.19
35.61% 17.44%
12.1B
3.8B
-1.01% 30.98%
-28.51
3.22
-0.18% 43.92%
MID-CAP
9.1B
1.8B
-0.21% 6.21%
20.61
5
13.31% 76.40%
8.9B
2.8B
-8.60% -12.99%
26.37
3.13
29.86% 54.02%
6.6B
1.5B
-15.18% -23.37%
18.59
4.4
-4.28% 45.49%
4.4B
6.4B
-11.76% -35.16%
19.86
0.69
8.41% -47.22%
3.8B
1.7B
-13.69% -23.73%
12.91
2.17
15.13% 13.52%
2.4B
1.8B
-3.76% -19.73%
7.83
1.32
35.81% 734.13%
2.0B
1.4B
-14.25% -44.66%
18.24
1.46
-9.26% -16.16%
SMALL-CAP
1.5B
431.2M
1.77% 176.22%
34.02
3.56
65.06% 370.62%
1.4B
477.9M
-7.91% -16.98%
15.6
2.86
20.86% 27.73%
1.2B
1.1B
2.14% -28.56%
14.21
1.04
2.30% -49.10%
237.4M
176.3M
-30.30% -29.66%
-85.56
1.31
3.79% -127.31%
213.8M
434.1M
-23.42% -39.98%
13.38
0.49
18.60% -31.64%

Financials for Penn National Gaming

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue0.2%6,4026,3896,2756,1945,905
  S&GA Expenses-6.0%1,1101,1811,2801,3221,353
EBITDA10.8%1,4651,3221,3851,500-
EBITDA Margin10.6%0.23*0.21*0.22*0.24*-
Earnings Before Taxes-0.5%175176357527539
EBT Margin-0.7%0.03*0.03*0.06*0.09*-
Interest Expenses14.4%722631578536515
Net Income-9.8%222246209382421
Net Income Margin-10.0%0.03*0.04*0.04*0.06*-
Free Cahsflow0.1%878877828941-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.2%17,50217,53517,88118,07116,872
  Current Assets-2.2%2,0132,0592,0592,1132,224
    Cash Equivalents-6.0%1,6241,7281,7081,8061,864
  Net PPE0.0%4,5164,5174,5404,5804,582
  Goodwill1.0%2,6902,6622,8002,8472,823
Liabilities-0.1%13,90613,91914,11514,11812,775
  Current Liabilities0.9%1,1591,1481,0861,1231,133
    LT Debt, Current0.7%56.0056.0056.00100100
    LT Debt, Non Current-0.3%2,7212,7302,7302,6942,637
Shareholder's Equity-0.5%3,5983,6173,7663,9534,098
  Retained Earnings15.6%15513410.00-15.90-86.50
  Additional Paid-In Capital0.4%4,2204,2024,1874,1704,240
Shares Outstanding-4.4%158165168--
Minority Interest0%-1.10-1.10-0.80-0.80-0.70
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations0.1%878877828941896
  Share Based Compensation-0.3%58.0058.0053.0048.0035.00
Cashflow From Investing77.2%-258-1,132-1,236-1,234-1,221
Cashflow From Financing-15.2%-853-740-15641.00340
  Buy Backs17.8%6015103421750.00

Risks for PENN

What is the probability of a big loss on PENN?

100%


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

86.5%


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

75%


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.

Drawdowns

Returns for PENN

Cumulative Returns on PENN

8.9%


10-Year Cumulative Returns

9.2%


7-Year Cumulative Returns

1.6%


5-Year Cumulative Returns

28.4%


3-Year Cumulative Returns

What are the long-term rolling returns for PENN?

FIve years rolling returns for Penn National Gaming.

Annualized Returns

Which funds bought or sold PENN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
6.16
49,273
404,273
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-16.22
-113,494
1,079,510
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-36.09
-42,000
93,000
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
sold off
-100
-
-
-%
2023-02-28
Voya Investment Management LLC
added
87.98
2,752,280
5,426,280
0.01%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-14.51
-434,510
5,199,490
0.01%
2023-02-24
SRS Capital Advisors, Inc.
new
-
891
891
-%
2023-02-22
CVA Family Office, LLC
reduced
-21.95
-1,248
4,752
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
10.16
276,000
1,733,000
0.02%
2023-02-21
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC
reduced
-37.31
-203,656
426,344
0.01%

1–10 of 41

Latest Funds Activity

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

Penn National Gaming News

Nasdaq

Unusual Call Option Trade in Penn National Gaming (PENN) Worth ....

Nasdaq,
2 days ago

Yahoo Finance

Fast Company

The Motley Fool

Is Penn National Gaming Stock a Buy?.

The Motley Fool,
2 months ago

Nasdaq

InvestorPlace

Schedule 13G FIlings of Penn National Gaming

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
hg vora capital management, llc
6.6%
10,250,000
SC 13G
Feb 14, 2023
bamco inc /ny/
4.59%
7,126,507
SC 13G/A
Feb 09, 2023
fmr llc
-
0
SC 13G/A
Feb 09, 2023
vanguard group inc
9.21%
14,290,117
SC 13G/A
Feb 02, 2023
invesco ltd.
3.3%
5,129,187
SC 13G/A
Jan 24, 2023
blackrock inc.
9.6%
14,940,346
SC 13G/A
Feb 14, 2022
bamco inc /ny/
5.87%
9,952,599
SC 13G/A
Feb 14, 2022
invesco ltd.
7.0%
11,839,358
SC 13G
Feb 10, 2022
vanguard group inc
10.53%
17,857,600
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A

PENN Fair Value

Penn National Gaming fair value in different scenarios

The table shows the Fair Value estimates for Penn National Gaming 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

20.93

-25.22%

25.57

-8.65%

34.46

23.12%

44.51

59.02%

52.12

86.21%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Penn National Gaming Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Penn National Gaming

View All Filings
Date Filed Form Type Document
Mar 14, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Feb 23, 2023
10-K
Annual Report

Latest Insider Trading transactions for PENN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-14
LaBombard Christine
acquired
-
-
5,053
svp and cao
2023-03-14
LaBombard Christine
sold
-
-
-5,053
svp and cao
2023-03-09
LaBombard Christine
sold (taxes)
-49,002
30.1
-1,628
svp and cao
2023-03-09
George Todd
sold (taxes)
-252,358
30.1
-8,384
evp, operations
2023-03-09
Rogers Christopher Byron
sold (taxes)
-97,102
30.1
-3,226
evp and chief strategy officer
2023-03-08
Snowden Jay A
back to issuer
-
-
-48.00
president and ceo
2023-03-08
Snowden Jay A
acquired
-
-
38,301
president and ceo
2023-02-28
Rogers Christopher Byron
acquired
-
-
5,627
evp and chief strategy officer
2023-02-28
George Todd
acquired
-
-
19,275
evp, operations
2023-02-28
Hendrix Felicia
back to issuer
-
-
-9.00
evp and cfo

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

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Total revenues$ 6,401.7$ 5,905.0$ 3,578.7
Operating expenses   
General and administrative1,110.41,352.91,130.8
Depreciation and amortization567.5344.5366.7
Impairment losses118.20.0623.4
Total operating expenses5,427.74,845.43,988.9
Operating income (loss)974.01,059.6(410.2)
Other income (expenses)   
Interest expense, net(758.2)(562.8)(544.1)
Interest income18.31.10.9
Income from unconsolidated affiliates23.738.713.8
Loss on early extinguishment of debt(10.4)0.0(1.2)
Other(72.1)2.5106.6
Total other expenses(798.7)(520.5)(424.0)
Income (loss) before income taxes175.3539.1(834.2)
Income tax benefit (expense)46.4(118.6)165.1
Net income (loss)221.7420.5(669.1)
Less: Net (income) loss attributable to non-controlling interest0.40.3(0.4)
Net income (loss) attributable to PENN Entertainment$ 222.1$ 420.8$ (669.5)
Earnings (loss) per share   
Basic earnings (loss) per share (in dollars per share)$ 1.37$ 2.64$ (5.00)
Diluted earnings (loss) per share (in dollars per share)$ 1.29$ 2.48$ (5.00)
Weighted-average common shares outstanding - basic (in shares)161.2158.7134.0
Weighted-average common shares outstanding - diluted (in shares)176.6175.5134.0
Gaming   
Revenues   
Total revenues$ 5,201.7$ 4,945.3$ 3,051.1
Operating expenses   
Cost of revenue2,864.42,540.71,530.3
Food, beverage, hotel and other   
Revenues   
Total revenues1,200.0959.7527.6
Operating expenses   
Cost of revenue$ 767.2$ 607.3$ 337.7

PENN Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 1,624.0$ 1,863.9
Accounts receivable, net246.4195.0
Prepaid expenses106.1132.3
Other current assets36.932.4
Total current assets2,013.42,223.6
Property and equipment, net4,515.54,582.2
Investment in and advances to unconsolidated affiliates248.6255.1
Goodwill2,689.52,822.5
Other intangible assets, net1,738.91,872.6
Lease right-of-use assets6,103.34,853.0
Other assets192.9263.1
Total assets17,502.116,872.1
Current liabilities  
Accounts payable40.153.3
Current maturities of long-term debt56.299.5
Current portion of financing obligations63.439.0
Current portion of lease liabilities194.3142.9
Accrued expenses and other current liabilities804.7798.5
Total current liabilities1,158.71,133.2
Long-term debt, net of current maturities, debt discount, and debt issuance costs2,721.32,637.3
Long-term portion of financing obligations3,970.74,057.8
Long-term portion of lease liabilities5,903.04,628.6
Deferred income taxes33.9189.1
Other long-term liabilities117.9129.0
Total liabilities13,905.512,775.0
Commitments and contingencies (Note 13)
Stockholders’ equity  
Treasury stock, at cost, (19,728,681 and 2,167,393 shares)(629.5)(28.4)
Additional paid-in capital4,220.24,239.6
Retained earnings (accumulated deficit)154.5(86.5)
Accumulated other comprehensive loss(168.6)(54.4)
Total PENN Entertainment stockholders’ equity3,597.74,097.8
Non-controlling interest(1.1)(0.7)
Total stockholders’ equity3,596.64,097.1
Total liabilities and stockholders’ equity17,502.116,872.1
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