Intrinsic value of Pinnacle Entertainment - PNK

Previous Close

$19.73

  Intrinsic Value

$1.50

stock screener

  Rating & Target

str. sell

-92%

  Value-price divergence*

-82%

Previous close

$19.73

 
Intrinsic value

$1.50

 
Up/down potential

-92%

 
Rating

str. sell

 
Value-price divergence*

-82%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of PNK stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.80
  10.30
  9.77
  9.29
  8.86
  8.48
  8.13
  7.82
  7.53
  7.28
  7.05
  6.85
  6.66
  6.50
  6.35
  6.21
  6.09
  5.98
  5.88
  5.80
  5.72
  5.64
  5.58
  5.52
  5.47
  5.42
  5.38
  5.34
  5.31
  5.28
  5.25
Revenue, $m
  2,379
  2,624
  2,880
  3,148
  3,427
  3,718
  4,020
  4,334
  4,661
  5,000
  5,353
  5,719
  6,100
  6,497
  6,909
  7,338
  7,785
  8,251
  8,736
  9,243
  9,771
  10,323
  10,899
  11,500
  12,129
  12,787
  13,475
  14,195
  14,949
  15,737
  16,564
Variable operating expenses, $m
 
  2,274
  2,490
  2,716
  2,951
  3,196
  3,451
  3,716
  3,992
  4,278
  4,575
  4,823
  5,145
  5,479
  5,826
  6,188
  6,565
  6,958
  7,368
  7,795
  8,240
  8,705
  9,191
  9,698
  10,229
  10,784
  11,364
  11,971
  12,606
  13,272
  13,968
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,530
  2,274
  2,490
  2,716
  2,951
  3,196
  3,451
  3,716
  3,992
  4,278
  4,575
  4,823
  5,145
  5,479
  5,826
  6,188
  6,565
  6,958
  7,368
  7,795
  8,240
  8,705
  9,191
  9,698
  10,229
  10,784
  11,364
  11,971
  12,606
  13,272
  13,968
Operating income, $m
  -152
  350
  390
  432
  476
  521
  569
  618
  669
  722
  778
  896
  956
  1,018
  1,083
  1,150
  1,220
  1,293
  1,369
  1,448
  1,531
  1,617
  1,708
  1,802
  1,900
  2,004
  2,111
  2,224
  2,342
  2,466
  2,595
EBITDA, $m
  388
  769
  844
  923
  1,005
  1,090
  1,179
  1,271
  1,366
  1,466
  1,569
  1,677
  1,789
  1,905
  2,026
  2,151
  2,282
  2,419
  2,561
  2,710
  2,865
  3,026
  3,195
  3,372
  3,556
  3,749
  3,951
  4,162
  4,383
  4,614
  4,856
Interest expense (income), $m
  339
  361
  324
  359
  395
  433
  472
  513
  556
  600
  646
  694
  744
  796
  849
  905
  964
  1,024
  1,087
  1,153
  1,222
  1,293
  1,368
  1,446
  1,528
  1,613
  1,702
  1,796
  1,893
  1,996
  2,103
Earnings before tax, $m
  -486
  -11
  66
  73
  81
  88
  96
  104
  113
  122
  131
  202
  212
  222
  233
  244
  256
  269
  282
  295
  309
  324
  339
  356
  373
  390
  409
  428
  449
  470
  493
Tax expense, $m
  -28
  0
  18
  20
  22
  24
  26
  28
  31
  33
  35
  55
  57
  60
  63
  66
  69
  73
  76
  80
  83
  87
  92
  96
  101
  105
  110
  116
  121
  127
  133
Net income, $m
  -457
  -11
  48
  53
  59
  64
  70
  76
  83
  89
  96
  147
  155
  162
  170
  178
  187
  196
  206
  215
  226
  236
  248
  260
  272
  285
  298
  313
  328
  343
  360

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  185
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  4,077
  4,493
  4,932
  5,391
  5,868
  6,366
  6,883
  7,421
  7,981
  8,562
  9,166
  9,793
  10,446
  11,124
  11,831
  12,565
  13,331
  14,128
  14,960
  15,827
  16,731
  17,676
  18,662
  19,692
  20,770
  21,896
  23,074
  24,307
  25,597
  26,948
  28,362
Adjusted assets (=assets-cash), $m
  3,892
  4,493
  4,932
  5,391
  5,868
  6,366
  6,883
  7,421
  7,981
  8,562
  9,166
  9,793
  10,446
  11,124
  11,831
  12,565
  13,331
  14,128
  14,960
  15,827
  16,731
  17,676
  18,662
  19,692
  20,770
  21,896
  23,074
  24,307
  25,597
  26,948
  28,362
Revenue / Adjusted assets
  0.611
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
  0.584
Average production assets, $m
  3,248
  3,582
  3,932
  4,297
  4,678
  5,075
  5,487
  5,916
  6,362
  6,825
  7,306
  7,807
  8,327
  8,868
  9,431
  10,017
  10,627
  11,263
  11,925
  12,616
  13,338
  14,090
  14,877
  15,698
  16,557
  17,454
  18,394
  19,376
  20,405
  21,482
  22,609
Working capital, $m
  -103
  -249
  -274
  -299
  -326
  -353
  -382
  -412
  -443
  -475
  -509
  -543
  -580
  -617
  -656
  -697
  -740
  -784
  -830
  -878
  -928
  -981
  -1,035
  -1,093
  -1,152
  -1,215
  -1,280
  -1,349
  -1,420
  -1,495
  -1,574
Total debt, $m
  4,100
  3,684
  4,079
  4,491
  4,922
  5,369
  5,835
  6,319
  6,823
  7,346
  7,889
  8,454
  9,041
  9,652
  10,287
  10,949
  11,638
  12,356
  13,104
  13,884
  14,698
  15,548
  16,436
  17,363
  18,333
  19,346
  20,407
  21,516
  22,677
  23,893
  25,166
Total liabilities, $m
  4,460
  4,044
  4,439
  4,851
  5,282
  5,729
  6,195
  6,679
  7,183
  7,706
  8,249
  8,814
  9,401
  10,012
  10,647
  11,309
  11,998
  12,716
  13,464
  14,244
  15,058
  15,908
  16,796
  17,723
  18,693
  19,706
  20,767
  21,876
  23,037
  24,253
  25,526
Total equity, $m
  -383
  449
  493
  539
  587
  637
  688
  742
  798
  856
  917
  979
  1,045
  1,112
  1,183
  1,257
  1,333
  1,413
  1,496
  1,583
  1,673
  1,768
  1,866
  1,969
  2,077
  2,190
  2,307
  2,431
  2,560
  2,695
  2,836
Total liabilities and equity, $m
  4,077
  4,493
  4,932
  5,390
  5,869
  6,366
  6,883
  7,421
  7,981
  8,562
  9,166
  9,793
  10,446
  11,124
  11,830
  12,566
  13,331
  14,129
  14,960
  15,827
  16,731
  17,676
  18,662
  19,692
  20,770
  21,896
  23,074
  24,307
  25,597
  26,948
  28,362
Debt-to-equity ratio
  -10.705
  8.200
  8.270
  8.330
  8.390
  8.430
  8.480
  8.510
  8.550
  8.580
  8.610
  8.630
  8.660
  8.680
  8.700
  8.710
  8.730
  8.750
  8.760
  8.770
  8.780
  8.800
  8.810
  8.820
  8.830
  8.840
  8.840
  8.850
  8.860
  8.870
  8.870
Adjusted equity ratio
  -0.146
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -457
  -11
  48
  53
  59
  64
  70
  76
  83
  89
  96
  147
  155
  162
  170
  178
  187
  196
  206
  215
  226
  236
  248
  260
  272
  285
  298
  313
  328
  343
  360
Depreciation, amort., depletion, $m
  540
  419
  454
  491
  529
  569
  610
  653
  697
  744
  792
  781
  833
  887
  943
  1,002
  1,063
  1,126
  1,193
  1,262
  1,334
  1,409
  1,488
  1,570
  1,656
  1,745
  1,839
  1,938
  2,040
  2,148
  2,261
Funds from operations, $m
  260
  409
  502
  544
  588
  633
  680
  729
  780
  833
  887
  928
  987
  1,049
  1,113
  1,180
  1,250
  1,322
  1,398
  1,477
  1,559
  1,646
  1,735
  1,829
  1,928
  2,030
  2,138
  2,250
  2,368
  2,491
  2,621
Change in working capital, $m
  4
  -23
  -24
  -25
  -27
  -28
  -29
  -30
  -31
  -32
  -34
  -35
  -36
  -38
  -39
  -41
  -42
  -44
  -46
  -48
  -50
  -52
  -55
  -57
  -60
  -62
  -65
  -68
  -72
  -75
  -78
Cash from operations, $m
  256
  432
  527
  570
  614
  661
  709
  759
  811
  865
  921
  963
  1,024
  1,087
  1,152
  1,221
  1,292
  1,367
  1,444
  1,525
  1,610
  1,698
  1,790
  1,887
  1,987
  2,093
  2,203
  2,319
  2,440
  2,566
  2,699
Maintenance CAPEX, $m
  0
  -325
  -358
  -393
  -430
  -468
  -507
  -549
  -592
  -636
  -683
  -731
  -781
  -833
  -887
  -943
  -1,002
  -1,063
  -1,126
  -1,193
  -1,262
  -1,334
  -1,409
  -1,488
  -1,570
  -1,656
  -1,745
  -1,839
  -1,938
  -2,040
  -2,148
New CAPEX, $m
  -98
  -334
  -350
  -365
  -381
  -397
  -413
  -429
  -446
  -463
  -481
  -500
  -520
  -541
  -563
  -586
  -610
  -636
  -663
  -691
  -721
  -753
  -786
  -821
  -859
  -898
  -939
  -983
  -1,029
  -1,077
  -1,128
Cash from investing activities, $m
  -195
  -659
  -708
  -758
  -811
  -865
  -920
  -978
  -1,038
  -1,099
  -1,164
  -1,231
  -1,301
  -1,374
  -1,450
  -1,529
  -1,612
  -1,699
  -1,789
  -1,884
  -1,983
  -2,087
  -2,195
  -2,309
  -2,429
  -2,554
  -2,684
  -2,822
  -2,967
  -3,117
  -3,276
Free cash flow, $m
  61
  -227
  -181
  -189
  -196
  -204
  -211
  -219
  -227
  -235
  -243
  -268
  -277
  -287
  -297
  -308
  -320
  -332
  -345
  -359
  -373
  -389
  -405
  -423
  -441
  -461
  -481
  -503
  -526
  -551
  -577
Issuance/(repayment) of debt, $m
  46
  -416
  395
  413
  430
  448
  466
  484
  503
  523
  543
  565
  587
  611
  635
  661
  689
  718
  748
  780
  814
  850
  888
  927
  969
  1,014
  1,060
  1,109
  1,161
  1,216
  1,273
Issuance/(repurchase) of shares, $m
  -67
  843
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -40
  427
  395
  413
  430
  448
  466
  484
  503
  523
  543
  565
  587
  611
  635
  661
  689
  718
  748
  780
  814
  850
  888
  927
  969
  1,014
  1,060
  1,109
  1,161
  1,216
  1,273
Total cash flow (excl. dividends), $m
  21
  200
  214
  224
  234
  244
  255
  265
  277
  288
  301
  297
  310
  324
  338
  353
  369
  386
  403
  422
  441
  461
  483
  505
  528
  553
  579
  606
  635
  665
  696
Retained Cash Flow (-), $m
  736
  -843
  -44
  -46
  -48
  -50
  -52
  -54
  -56
  -58
  -60
  -63
  -65
  -68
  -71
  -73
  -77
  -80
  -83
  -87
  -90
  -94
  -99
  -103
  -108
  -113
  -118
  -123
  -129
  -135
  -141
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  -643
  170
  178
  186
  194
  203
  212
  221
  230
  240
  234
  245
  256
  268
  280
  293
  306
  320
  335
  351
  367
  384
  402
  421
  440
  461
  483
  506
  530
  555
Discount rate, %
 
  15.20
  15.96
  16.76
  17.60
  18.48
  19.40
  20.37
  21.39
  22.46
  23.58
  24.76
  26.00
  27.30
  28.66
  30.09
  31.60
  33.18
  34.84
  36.58
  38.41
  40.33
  42.35
  44.46
  46.69
  49.02
  51.47
  54.05
  56.75
  59.59
  62.57
PV of cash for distribution, $m
 
  -558
  126
  112
  97
  83
  70
  58
  47
  37
  29
  21
  15
  11
  8
  5
  4
  2
  1
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Pinnacle Entertainment, Inc. engages in ownership, operation, and development of casinos and related hospitality and entertainment businesses. It operates through Midwest, South, and West segments. As of September 13, 2016, the company owned and operated 16 gaming businesses located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, Ohio, and Pennsylvania. It also holds interest in the racing license owner, as well as a management contract, for Retama Park Racetrack outside of San Antonio, Texas. In addition, the company owns and operates a live and televised poker tournament series under the Heartland Poker Tour name. The company was formerly known as Hollywood Park, Inc. and changed its name to Pinnacle Entertainment, Inc. in February 2000. Pinnacle Entertainment, Inc. was founded in 1938 and is headquartered in Las Vegas, Nevada.

FINANCIAL RATIOS  of  Pinnacle Entertainment (PNK)

Valuation Ratios
P/E Ratio -2.4
Price to Sales 0.5
Price to Book -2.9
Price to Tangible Book
Price to Cash Flow 4.3
Price to Free Cash Flow 7
Growth Rates
Sales Growth Rate 3.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -10.1%
Cap. Spend. - 3 Yr. Gr. Rate -19.7%
Financial Strength
Quick Ratio 3
Current Ratio 0
LT Debt to Equity -1054.3%
Total Debt to Equity -1070.5%
Interest Coverage 0
Management Effectiveness
Return On Assets -3.2%
Ret/ On Assets - 3 Yr. Avg. 2.1%
Return On Total Capital -11.9%
Ret/ On T. Cap. - 3 Yr. Avg. -3.2%
Return On Equity 3046.7%
Return On Equity - 3 Yr. Avg. 1026.7%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 46.3%
Gross Margin - 3 Yr. Avg. 46.3%
EBITDA Margin 16.5%
EBITDA Margin - 3 Yr. Avg. 21.4%
Operating Margin -6.3%
Oper. Margin - 3 Yr. Avg. 6.8%
Pre-Tax Margin -20.4%
Pre-Tax Margin - 3 Yr. Avg. -5.2%
Net Profit Margin -19.2%
Net Profit Margin - 3 Yr. Avg. -5%
Effective Tax Rate 5.8%
Eff/ Tax Rate - 3 Yr. Avg. 18.2%
Payout Ratio 0%

PNK stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PNK stock intrinsic value calculation we used $2379 million for the last fiscal year's total revenue generated by Pinnacle Entertainment. The default revenue input number comes from 2016 income statement of Pinnacle Entertainment. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our PNK stock valuation model: a) initial revenue growth rate of 10.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 15.2%, whose default value for PNK is calculated based on our internal credit rating of Pinnacle Entertainment, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Pinnacle Entertainment.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of PNK stock the variable cost ratio is equal to 86.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for PNK stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 8.8% for Pinnacle Entertainment.

Corporate tax rate of 27% is the nominal tax rate for Pinnacle Entertainment. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the PNK stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for PNK are equal to 136.5%.

Life of production assets of 10 years is the average useful life of capital assets used in Pinnacle Entertainment operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for PNK is equal to -9.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $-383 million for Pinnacle Entertainment - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 57.013 million for Pinnacle Entertainment is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Pinnacle Entertainment at the current share price and the inputted number of shares is $1.1 billion.

RELATED COMPANIES Price Int.Val. Rating
PENN Penn National 20.83 0.04  str.sell
MCRI Monarch Casino 34.33 25.38  hold
BYD Boyd Gaming 25.83 30.80  buy
CNTY Century Casino 6.65 2.68  str.sell
ERI Eldorado Resor 22.10 10.43  sell

COMPANY NEWS

▶ Pinnacle Entertainment Announces Closing of Exchange Offer   [Aug-17-17 04:15PM  GlobeNewswire]
▶ Pinnacle Entertainment misses 2Q profit forecasts   [Aug-10-17 11:51PM  Associated Press]
▶ Top Ranked Momentum Stocks to Buy for May 24th   [May-24-17 10:34AM  Zacks]
▶ Pinnacle Entertainment beats Street 1Q forecasts   [08:20AM  Associated Press]
▶ Why Pinnacle Entertainment, Inc. Stock Jumped in March   [Apr-15-17 11:36AM  Motley Fool]
▶ Pinnacle Entertainment reports 4Q loss   [08:53AM  Associated Press]
▶ Year In Review 2016: M&A activity alters St. Louis casino scene   [Dec-21-16 04:10PM  at bizjournals.com]
▶ Anika Therapeutics, Inc. (ANIK) Hedge Funds Are Snapping Up   [Dec-09-16 08:56AM  at Insider Monkey]
▶ Is Pinnacle Hunting for a Las Vegas Casino to Buy?   [Nov-11-16 04:34PM  at Investopedia]
▶ HG Vora Bullish On Media, Entertainment Stocks   [Oct-11-16 10:37AM  at Insider Monkey]
▶ Why Pinnacle Entertainment Inc's Shares Popped 10% in August   [Sep-06-16 10:35AM  at Motley Fool]
Stock chart of PNK Financial statements of PNK
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.