Intrinsic value of Golden Entertainment - GDEN

Previous Close

$15.45

  Intrinsic Value

$39.90

stock screener

  Rating & Target

str. buy

+158%

Previous close

$15.45

 
Intrinsic value

$39.90

 
Up/down potential

+158%

 
Rating

str. buy

We calculate the intrinsic value of GDEN 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 0001), $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 0.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  60.00
  54.50
  49.55
  45.10
  41.09
  37.48
  34.23
  31.31
  28.68
  26.31
  24.18
  22.26
  20.53
  18.98
  17.58
  16.32
  15.19
  14.17
  13.26
  12.43
  11.69
  11.02
  10.42
  9.87
  9.39
  8.95
  8.55
  8.20
  7.88
  7.59
Revenue, $m
  816
  1,260
  1,885
  2,735
  3,858
  5,304
  7,120
  9,348
  12,029
  15,194
  18,867
  23,067
  27,804
  33,081
  38,897
  45,247
  52,120
  59,507
  67,395
  75,772
  84,627
  93,951
  103,737
  113,981
  124,681
  135,838
  147,457
  159,546
  172,115
  185,180
Variable operating expenses, $m
  771
  1,175
  1,741
  2,512
  3,531
  4,843
  6,489
  8,511
  10,943
  13,813
  17,114
  20,923
  25,219
  30,006
  35,282
  41,041
  47,276
  53,976
  61,130
  68,729
  76,761
  85,219
  94,095
  103,387
  113,092
  123,212
  133,751
  144,716
  156,117
  167,967
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
  771
  1,175
  1,741
  2,512
  3,531
  4,843
  6,489
  8,511
  10,943
  13,813
  17,114
  20,923
  25,219
  30,006
  35,282
  41,041
  47,276
  53,976
  61,130
  68,729
  76,761
  85,219
  94,095
  103,387
  113,092
  123,212
  133,751
  144,716
  156,117
  167,967
Operating income, $m
  44
  86
  144
  223
  327
  461
  630
  837
  1,087
  1,381
  1,754
  2,144
  2,584
  3,075
  3,615
  4,206
  4,845
  5,531
  6,264
  7,043
  7,866
  8,733
  9,642
  10,595
  11,589
  12,626
  13,706
  14,830
  15,998
  17,212
EBITDA, $m
  130
  201
  301
  437
  616
  847
  1,137
  1,493
  1,921
  2,426
  3,013
  3,684
  4,440
  5,283
  6,211
  7,225
  8,323
  9,502
  10,762
  12,100
  13,514
  15,003
  16,566
  18,201
  19,910
  21,691
  23,547
  25,477
  27,485
  29,571
Interest expense (income), $m
  6
  53
  86
  135
  203
  296
  419
  578
  777
  1,021
  1,315
  1,661
  2,064
  2,524
  3,043
  3,621
  4,258
  4,954
  5,707
  6,516
  7,381
  8,298
  9,269
  10,290
  11,362
  12,485
  13,657
  14,879
  16,152
  17,477
  18,854
Earnings before tax, $m
  -8
  0
  9
  19
  31
  42
  52
  61
  66
  66
  92
  80
  60
  32
  -6
  -53
  -109
  -176
  -252
  -338
  -432
  -536
  -648
  -768
  -896
  -1,031
  -1,173
  -1,323
  -1,479
  -1,642
Tax expense, $m
  0
  0
  2
  5
  8
  11
  14
  16
  18
  18
  25
  22
  16
  9
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -8
  0
  6
  14
  22
  31
  38
  44
  48
  48
  67
  59
  44
  23
  -6
  -53
  -109
  -176
  -252
  -338
  -432
  -536
  -648
  -768
  -896
  -1,031
  -1,173
  -1,323
  -1,479
  -1,642

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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 assets, $m
  2,147
  3,316
  4,960
  7,196
  10,153
  13,958
  18,736
  24,601
  31,656
  39,984
  49,651
  60,703
  73,167
  87,055
  102,361
  119,070
  137,159
  156,598
  177,355
  199,399
  222,703
  247,240
  272,993
  299,950
  328,107
  357,468
  388,044
  419,857
  452,935
  487,315
Adjusted assets (=assets-cash), $m
  2,147
  3,316
  4,960
  7,196
  10,153
  13,958
  18,736
  24,601
  31,656
  39,984
  49,651
  60,703
  73,167
  87,055
  102,361
  119,070
  137,159
  156,598
  177,355
  199,399
  222,703
  247,240
  272,993
  299,950
  328,107
  357,468
  388,044
  419,857
  452,935
  487,315
Revenue / Adjusted assets
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
Average production assets, $m
  1,034
  1,598
  2,390
  3,467
  4,892
  6,726
  9,028
  11,854
  15,253
  19,266
  23,924
  29,249
  35,255
  41,946
  49,321
  57,373
  66,089
  75,455
  85,457
  96,079
  107,307
  119,130
  131,539
  144,528
  158,095
  172,242
  186,975
  202,304
  218,242
  234,808
Working capital, $m
  -42
  -66
  -98
  -142
  -201
  -276
  -370
  -486
  -626
  -790
  -981
  -1,199
  -1,446
  -1,720
  -2,023
  -2,353
  -2,710
  -3,094
  -3,505
  -3,940
  -4,401
  -4,885
  -5,394
  -5,927
  -6,483
  -7,064
  -7,668
  -8,296
  -8,950
  -9,629
Total debt, $m
  1,592
  2,494
  3,761
  5,486
  7,765
  10,699
  14,383
  18,905
  24,344
  30,765
  38,218
  46,739
  56,349
  67,057
  78,858
  91,741
  105,687
  120,674
  136,678
  153,674
  171,641
  190,560
  210,415
  231,199
  252,908
  275,545
  299,119
  323,647
  349,150
  375,657
Total liabilities, $m
  1,655
  2,557
  3,824
  5,548
  7,828
  10,762
  14,445
  18,967
  24,407
  30,827
  38,281
  46,802
  56,412
  67,119
  78,920
  91,803
  105,749
  120,737
  136,741
  153,737
  171,704
  190,622
  210,478
  231,262
  252,971
  275,608
  299,182
  323,710
  349,213
  375,720
Total equity, $m
  492
  759
  1,136
  1,648
  2,325
  3,196
  4,290
  5,634
  7,249
  9,156
  11,370
  13,901
  16,755
  19,935
  23,441
  27,267
  31,409
  35,861
  40,614
  45,662
  50,999
  56,618
  62,515
  68,689
  75,137
  81,860
  88,862
  96,147
  103,722
  111,595
Total liabilities and equity, $m
  2,147
  3,316
  4,960
  7,196
  10,153
  13,958
  18,735
  24,601
  31,656
  39,983
  49,651
  60,703
  73,167
  87,054
  102,361
  119,070
  137,158
  156,598
  177,355
  199,399
  222,703
  247,240
  272,993
  299,951
  328,108
  357,468
  388,044
  419,857
  452,935
  487,315
Debt-to-equity ratio
  3.240
  3.280
  3.310
  3.330
  3.340
  3.350
  3.350
  3.360
  3.360
  3.360
  3.360
  3.360
  3.360
  3.360
  3.360
  3.360
  3.360
  3.370
  3.370
  3.370
  3.370
  3.370
  3.370
  3.370
  3.370
  3.370
  3.370
  3.370
  3.370
  3.370
Adjusted equity ratio
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229
  0.229

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -8
  0
  6
  14
  22
  31
  38
  44
  48
  48
  67
  59
  44
  23
  -6
  -53
  -109
  -176
  -252
  -338
  -432
  -536
  -648
  -768
  -896
  -1,031
  -1,173
  -1,323
  -1,479
  -1,642
Depreciation, amort., depletion, $m
  86
  116
  157
  214
  289
  386
  507
  655
  834
  1,046
  1,259
  1,539
  1,856
  2,208
  2,596
  3,020
  3,478
  3,971
  4,498
  5,057
  5,648
  6,270
  6,923
  7,607
  8,321
  9,065
  9,841
  10,648
  11,486
  12,358
Funds from operations, $m
  78
  115
  164
  228
  312
  416
  545
  700
  882
  1,094
  1,327
  1,598
  1,900
  2,231
  2,590
  2,967
  3,369
  3,795
  4,246
  4,719
  5,215
  5,734
  6,275
  6,839
  7,425
  8,034
  8,667
  9,325
  10,008
  10,717
Change in working capital, $m
  -16
  -23
  -32
  -44
  -58
  -75
  -94
  -116
  -139
  -165
  -191
  -218
  -246
  -274
  -302
  -330
  -357
  -384
  -410
  -436
  -460
  -485
  -509
  -533
  -556
  -580
  -604
  -629
  -654
  -679
Cash from operations, $m
  94
  138
  196
  272
  370
  491
  639
  816
  1,022
  1,258
  1,518
  1,816
  2,146
  2,505
  2,893
  3,297
  3,726
  4,180
  4,656
  5,155
  5,676
  6,219
  6,784
  7,372
  7,981
  8,615
  9,272
  9,954
  10,661
  11,396
Maintenance CAPEX, $m
  -34
  -54
  -84
  -126
  -182
  -257
  -354
  -475
  -624
  -803
  -1,014
  -1,259
  -1,539
  -1,856
  -2,208
  -2,596
  -3,020
  -3,478
  -3,971
  -4,498
  -5,057
  -5,648
  -6,270
  -6,923
  -7,607
  -8,321
  -9,065
  -9,841
  -10,648
  -11,486
New CAPEX, $m
  -388
  -564
  -792
  -1,078
  -1,425
  -1,833
  -2,302
  -2,826
  -3,399
  -4,013
  -4,658
  -5,325
  -6,006
  -6,691
  -7,375
  -8,051
  -8,716
  -9,366
  -10,002
  -10,622
  -11,228
  -11,823
  -12,409
  -12,989
  -13,567
  -14,147
  -14,733
  -15,329
  -15,938
  -16,566
Cash from investing activities, $m
  -422
  -618
  -876
  -1,204
  -1,607
  -2,090
  -2,656
  -3,301
  -4,023
  -4,816
  -5,672
  -6,584
  -7,545
  -8,547
  -9,583
  -10,647
  -11,736
  -12,844
  -13,973
  -15,120
  -16,285
  -17,471
  -18,679
  -19,912
  -21,174
  -22,468
  -23,798
  -25,170
  -26,586
  -28,052
Free cash flow, $m
  -328
  -480
  -680
  -931
  -1,237
  -1,599
  -2,017
  -2,486
  -3,001
  -3,557
  -4,154
  -4,768
  -5,399
  -6,042
  -6,690
  -7,350
  -8,009
  -8,665
  -9,317
  -9,965
  -10,609
  -11,252
  -11,895
  -12,541
  -13,192
  -13,853
  -14,527
  -15,216
  -15,925
  -16,656
Issuance/(repayment) of debt, $m
  619
  902
  1,267
  1,724
  2,280
  2,934
  3,684
  4,522
  5,439
  6,421
  7,453
  8,521
  9,610
  10,707
  11,801
  12,883
  13,946
  14,987
  16,004
  16,996
  17,967
  18,918
  19,856
  20,784
  21,709
  22,637
  23,574
  24,528
  25,503
  26,507
Issuance/(repurchase) of shares, $m
  192
  268
  370
  498
  655
  841
  1,056
  1,299
  1,568
  1,859
  2,146
  2,472
  2,810
  3,157
  3,511
  3,879
  4,252
  4,627
  5,005
  5,386
  5,769
  6,155
  6,545
  6,941
  7,344
  7,754
  8,175
  8,608
  9,054
  9,515
Cash from financing (excl. dividends), $m  
  811
  1,170
  1,637
  2,222
  2,935
  3,775
  4,740
  5,821
  7,007
  8,280
  9,599
  10,993
  12,420
  13,864
  15,312
  16,762
  18,198
  19,614
  21,009
  22,382
  23,736
  25,073
  26,401
  27,725
  29,053
  30,391
  31,749
  33,136
  34,557
  36,022
Total cash flow (excl. dividends), $m
  483
  691
  957
  1,291
  1,697
  2,175
  2,723
  3,335
  4,005
  4,723
  5,445
  6,225
  7,021
  7,822
  8,622
  9,412
  10,189
  10,949
  11,692
  12,417
  13,126
  13,821
  14,506
  15,184
  15,860
  16,538
  17,223
  17,919
  18,632
  19,366
Retained Cash Flow (-), $m
  -192
  -268
  -376
  -512
  -677
  -871
  -1,094
  -1,343
  -1,615
  -1,907
  -2,214
  -2,531
  -2,854
  -3,180
  -3,511
  -3,879
  -4,252
  -4,627
  -5,005
  -5,386
  -5,769
  -6,155
  -6,545
  -6,941
  -7,344
  -7,754
  -8,175
  -8,608
  -9,054
  -9,515
Prev. year cash balance distribution, $m
  12
  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
  303
  422
  581
  779
  1,020
  1,304
  1,629
  1,992
  2,390
  2,815
  3,231
  3,694
  4,167
  4,642
  5,111
  5,533
  5,937
  6,322
  6,687
  7,031
  7,357
  7,667
  7,961
  8,243
  8,517
  8,784
  9,048
  9,312
  9,578
  9,851
Discount rate, %
  11.20
  11.76
  12.35
  12.97
  13.61
  14.29
  15.01
  15.76
  16.55
  17.37
  18.24
  19.16
  20.11
  21.12
  22.18
  23.28
  24.45
  25.67
  26.95
  28.30
  29.72
  31.20
  32.76
  34.40
  36.12
  37.93
  39.82
  41.81
  43.91
  46.10
PV of cash for distribution, $m
  272
  338
  410
  479
  539
  585
  612
  618
  602
  567
  512
  451
  385
  318
  253
  194
  144
  103
  72
  48
  31
  19
  12
  7
  4
  2
  1
  1
  0
  0
Current shareholders' claim on cash, %
  63.3
  42.0
  28.9
  20.5
  15.0
  11.2
  8.6
  6.7
  5.3
  4.3
  3.5
  2.9
  2.5
  2.1
  1.8
  1.6
  1.4
  1.2
  1.1
  0.9
  0.8
  0.8
  0.7
  0.6
  0.6
  0.5
  0.5
  0.4
  0.4
  0.4

Golden Entertainment, Inc. is a group of gaming companies. The Company focuses on distributed gaming, including tavern gaming, and casino and resort operations. It operates through two segments: Distributed Gaming and Casinos. Its Distributed Gaming segment involves the installation, maintenance and operation of gaming and amusement devices in certain strategic, high-traffic, non-casino locations (such as grocery stores, convenience stores, restaurants, bars, taverns, saloons and liquor stores) in Nevada and Montana, and the operation of traditional, branded taverns targeting local patrons, primarily in the greater Las Vegas, Nevada metropolitan area. As of October 23, 2017, its distributed gaming operations consisted of approximately 16,000 gaming devices in approximately 960 locations. Its Casinos segment consists of the Rocky Gap Casino Resort in Flintstone, Maryland and three casinos in Pahrump, Nevada: Pahrump Nugget Hotel Casino, Gold Town Casino and Lakeside Casino & RV Park.

FINANCIAL RATIOS  of  Golden Entertainment (GDEN)

Valuation Ratios
P/E Ratio 21.5
Price to Sales 0.9
Price to Book 1.6
Price to Tangible Book
Price to Cash Flow 9.3
Price to Free Cash Flow 57.2
Growth Rates
Sales Growth Rate 127.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 287.5%
Cap. Spend. - 3 Yr. Gr. Rate 8.1%
Financial Strength
Quick Ratio 3
Current Ratio 0
LT Debt to Equity 79.9%
Total Debt to Equity 87.6%
Interest Coverage 3
Management Effectiveness
Return On Assets 6%
Ret/ On Assets - 3 Yr. Avg. -0.2%
Return On Total Capital 4.3%
Ret/ On T. Cap. - 3 Yr. Avg. -1.4%
Return On Equity 7.6%
Return On Equity - 3 Yr. Avg. 0.8%
Asset Turnover 1
Profitability Ratios
Gross Margin 28%
Gross Margin - 3 Yr. Avg. 33.8%
EBITDA Margin 11.4%
EBITDA Margin - 3 Yr. Avg. -3%
Operating Margin 3.2%
Oper. Margin - 3 Yr. Avg. -10.3%
Pre-Tax Margin 3%
Pre-Tax Margin - 3 Yr. Avg. -11.3%
Net Profit Margin 4%
Net Profit Margin - 3 Yr. Avg. -9.1%
Effective Tax Rate -33.3%
Eff/ Tax Rate - 3 Yr. Avg. -33.3%
Payout Ratio 150%

GDEN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GDEN stock intrinsic value calculation we used $509.808 million for the last fiscal year's total revenue generated by Golden Entertainment. The default revenue input number comes from 0001 income statement of Golden 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 GDEN stock valuation model: a) initial revenue growth rate of 60% 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 11.2%, whose default value for GDEN is calculated based on our internal credit rating of Golden 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 Golden 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 GDEN stock the variable cost ratio is equal to 96.9%.

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 GDEN 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 5.4% for Golden Entertainment.

Corporate tax rate of 27% is the nominal tax rate for Golden 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 GDEN 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 GDEN are equal to 126.8%.

Life of production assets of 19 years is the average useful life of capital assets used in Golden 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 GDEN is equal to -5.2%. 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 - $319.913 million for Golden 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 22.251 million for Golden 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 Golden Entertainment at the current share price and the inputted number of shares is $0.3 billion.

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COMPANY NEWS

▶ Golden Entertainment: 3Q Earnings Snapshot   [05:38PM  Associated Press]
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▶ Golden Entertainment: 2Q Earnings Snapshot   [05:16PM  Associated Press]
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▶ New Strong Sell Stocks for March 20th   [Mar-20-18 09:53AM  Zacks]
▶ Golden Entertainment reports 4Q loss   [05:01AM  Associated Press]
▶ Golden Entertainment posts 3Q profit   [Nov-08-17 05:37PM  Associated Press]
▶ Golden Entertainment Names Two New Senior Executives   [Oct-30-17 07:00AM  Business Wire]
▶ Golden Entertainment posts 2Q profit   [Aug-04-17 10:05PM  Associated Press]
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▶ Top Ranked Momentum Stocks to Buy for May 22nd   [May-22-17 09:23AM  Zacks]
▶ Golden Entertainment posts 1Q profit   [May-09-17 06:44PM  Associated Press]
▶ Golden Entertainment posts 4Q profit   [Mar-13-17 04:22PM  Associated Press]

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