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Golden Entertainment

DB:GE6
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GE6
DB
$147M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Golden Entertainment, Inc., together with its subsidiaries, owns and operates a diversified entertainment platform in the United States. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Golden Entertainment has significant price volatility in the past 3 months.
GE6 Share Price and Events
7 Day Returns
-18%
DB:GE6
-6.9%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-66.2%
DB:GE6
-48.1%
DE Hospitality
-20.9%
DE Market
GE6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Golden Entertainment (GE6) -18% -54.8% -71.4% -66.2% - -
DE Hospitality -6.9% -31.2% -57.5% -48.1% -63.2% -70.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • GE6 underperformed the Hospitality industry which returned -48.1% over the past year.
  • GE6 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
GE6
Industry
5yr Volatility vs Market

GE6 Value

 Is Golden Entertainment undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Golden Entertainment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Golden Entertainment.

DB:GE6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:GE6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (924.23%))
4.68
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:GE6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Golden Entertainment is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:GE6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 91.25 Analyst x2 82.59
2021 123.95 Analyst x2 101.53
2022 148.08 Est @ 19.47% 109.78
2023 168.08 Est @ 13.51% 112.78
2024 183.78 Est @ 9.34% 111.61
2025 195.58 Est @ 6.42% 107.49
2026 204.14 Est @ 4.38% 101.55
2027 210.16 Est @ 2.95% 94.62
2028 214.25 Est @ 1.95% 87.30
2029 216.92 Est @ 1.25% 79.99
Present value of next 10 years cash flows $989.00
DB:GE6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $216.92 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$1,985.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,985.93 ÷ (1 + 10.49%)10
$732.38
DB:GE6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $989.00 + $732.38
$1,721.38
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,721.38 / 27.91
$61.67
DB:GE6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GE6 represents 0.92015x of NasdaqGM:GDEN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92015x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 61.67 x 0.92015
€56.74
Value per share (EUR) From above. €56.74
Current discount Discount to share price of €4.84
= -1 x (€4.84 - €56.74) / €56.74
91.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Golden Entertainment is available for.
Intrinsic value
>50%
Share price is €4.84 vs Future cash flow value of €56.74
Current Discount Checks
For Golden Entertainment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Golden Entertainment's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Golden Entertainment's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Golden Entertainment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Golden Entertainment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GE6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-1.43
NasdaqGM:GDEN Share Price ** NasdaqGM (2020-04-03) in USD $5.26
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Golden Entertainment.

DB:GE6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:GDEN Share Price ÷ EPS (both in USD)

= 5.26 ÷ -1.43

-3.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Golden Entertainment is loss making, we can't compare its value to the DE Hospitality industry average.
  • Golden Entertainment is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Golden Entertainment's expected growth come at a high price?
Raw Data
DB:GE6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
88.2%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Golden Entertainment, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Golden Entertainment's assets?
Raw Data
DB:GE6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $10.39
NasdaqGM:GDEN Share Price * NasdaqGM (2020-04-03) in USD $5.26
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:GE6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:GDEN Share Price ÷ Book Value per Share (both in USD)

= 5.26 ÷ 10.39

0.51x

* Primary Listing of Golden Entertainment.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Golden Entertainment is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Golden Entertainment's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Golden Entertainment has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GE6 Future Performance

 How is Golden Entertainment expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
88.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Golden Entertainment expected to grow at an attractive rate?
  • Golden Entertainment's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Golden Entertainment's earnings growth is expected to exceed the Germany market average.
  • Golden Entertainment's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GE6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GE6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 88.2%
DB:GE6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 1.8%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:GE6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GE6 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,033 7 1
2021-12-31 994 119 -1 5
2020-12-31 899 105 -36 4
2020-04-06
DB:GE6 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 973 114 -40
2019-09-30 941 123 -57
2019-06-30 908 102 -51
2019-03-31 877 95 -33
2018-12-31 852 98 -21
2018-09-30 825 63 -9
2018-06-30 723 52 3
2018-03-31 616 41 1
2017-12-31 507 22 2
2017-09-30 429 41 26
2017-06-30 425 47 18
2017-03-31 418 37 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Golden Entertainment's earnings are expected to grow significantly at over 20% yearly.
  • Golden Entertainment's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GE6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Golden Entertainment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GE6 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.23 0.23 0.23 1.00
2021-12-31 -0.04 0.60 -0.86 5.00
2020-12-31 -1.29 0.01 -3.00 5.00
2020-04-06
DB:GE6 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -1.43
2019-09-30 -2.06
2019-06-30 -1.83
2019-03-31 -1.19
2018-12-31 -0.76
2018-09-30 -0.34
2018-06-30 0.10
2018-03-31 0.03
2017-12-31 0.09
2017-09-30 1.15
2017-06-30 0.82
2017-03-31 0.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Golden Entertainment will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Golden Entertainment's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Golden Entertainment has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GE6 Past Performance

  How has Golden Entertainment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Golden Entertainment's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Golden Entertainment does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Golden Entertainment's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Golden Entertainment's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Golden Entertainment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Golden Entertainment Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GE6 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 973.41 -39.55 387.88
2019-09-30 941.40 -57.19 228.27
2019-06-30 908.42 -50.86 214.50
2019-03-31 876.90 -32.86 199.63
2018-12-31 851.79 -20.91 334.16
2018-09-30 825.38 -9.13 181.79
2018-06-30 722.70 2.55 153.93
2018-03-31 616.04 0.67 128.71
2017-12-31 507.14 2.08 244.71
2017-09-30 428.81 25.57 184.12
2017-06-30 425.38 18.32 147.12
2017-03-31 418.05 19.40 107.47
2016-12-31 400.00 16.30 68.79
2016-09-30 384.25 29.75 68.42
2016-06-30 342.54 31.46 62.27
2016-03-31 255.31 28.48 50.43
2015-12-31 177.04 24.52 39.13
2015-09-30 103.43 1.06 27.84
2015-06-28 56.85 -25.04 21.03
2015-03-29 55.63 -24.80 21.36
2014-12-28 55.17 -24.85 22.08
2014-09-28 53.79 -25.65 22.49
2014-06-29 53.35 17.03 22.43
2014-03-30 47.80 17.22 22.51
2013-12-29 38.79 18.65 19.33
2013-09-29 30.18 21.48 18.08
2013-06-30 18.32 0.89 15.53

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Golden Entertainment has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Golden Entertainment used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • It is difficult to establish if Golden Entertainment improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Golden Entertainment's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Golden Entertainment has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GE6 Health

 How is Golden Entertainment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Golden Entertainment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Golden Entertainment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Golden Entertainment's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Golden Entertainment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Golden Entertainment Company Filings, last reported 3 months ago.

DB:GE6 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 289.74 1,126.41 111.68
2019-09-30 296.21 1,123.68 123.83
2019-06-30 303.09 1,118.23 116.69
2019-03-31 315.32 1,107.32 108.26
2018-12-31 315.15 963.92 116.07
2018-09-30 357.44 969.33 132.37
2018-06-30 356.79 970.38 140.33
2018-03-31 351.30 971.54 133.69
2017-12-31 319.91 967.12 90.58
2017-09-30 230.56 172.82 42.91
2017-06-30 220.38 176.79 49.81
2017-03-31 216.35 178.78 45.17
2016-12-31 209.43 183.44 46.90
2016-09-30 198.08 181.56 39.96
2016-06-30 195.05 183.23 61.71
2016-03-31 214.52 158.78 66.45
2015-12-31 210.49 146.10 69.18
2015-09-30 184.50 146.37 43.16
2015-06-28 105.85 9.63 83.05
2015-03-29 105.97 9.95 80.11
2014-12-28 107.62 10.31 82.05
2014-09-28 107.64 10.65 80.68
2014-06-29 130.65 10.97 83.61
2014-03-30 130.38 11.27 85.07
2013-12-29 132.08 11.57 87.00
2013-09-29 132.20 13.70 90.88
2013-06-30 112.37 11.29 26.75
  • Golden Entertainment's level of debt (388.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (9.6% vs 388.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Golden Entertainment has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Golden Entertainment has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -43.7% per year.
X
Financial health checks
We assess Golden Entertainment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Golden Entertainment has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GE6 Dividends

 What is Golden Entertainment's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Golden Entertainment dividends. Estimated to be 0% next year.
If you bought €2,000 of Golden Entertainment shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Golden Entertainment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Golden Entertainment's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:GE6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:GE6 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-04-06

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Golden Entertainment has not reported any payouts.
  • Unable to verify if Golden Entertainment's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Golden Entertainment's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Golden Entertainment has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Golden Entertainment's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Golden Entertainment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Golden Entertainment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Golden Entertainment has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GE6 Management

 What is the CEO of Golden Entertainment's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Blake Sartini
COMPENSATION $3,799,863
AGE 60
TENURE AS CEO 4.8 years
CEO Bio

Mr. Blake L. Sartini, Sr., has been Chairman and Chief Executive Officer of Golden Entertainment, Inc. (Formerly Lakes Entertainment Inc.) since July 29, 2015. Mr. Sartini was the President of Golden Entertainment, Inc. from July 29, 2015 until August 12, 2019. Mr. Sartini serves as Director of Golden Entertainment, Inc. since 2015. Mr. Sartini Founded Golden Gaming, LLC (Formerly Golden Gaming, Inc.) in October 2001 and served as its Chairman, Chief Executive Officer and President January 2012. He was Founder, Chairman and Chief Executive Officer of Sartini Enterprises, Inc., a family investment company established in 2006. He served as Chief Operating Officer of Station Casinos, Inc. from March 1997 to September 2001 and served as Executive Vice President of Station Casinos, Inc. from February 1994 to September 30, 2001. From February 1994 to March 1997 he also served as President-Nevada Operations for Station Casinos Inc. He founded Service1st Bank of Nevada. He served as Vice President of Gaming Operations for Station Casinos Inc. from 1991 to 1993. From 1985 to 1993, Mr. Sartini held various management positions with Palace Station Hotel & Casino and Southwest Services. He co-founded Southwest Services in 1985 and co-founder of Southwest Gaming in 1990. In 1986, Mr. Sartini founded Southwest Services, Inc. (the predecessor to Golden Gaming) and served as its President beginning in 1993. Before joining Station Casinos, he held key operational positions with the El Cortez Hotel and Casino, as well as the Barbary Coast Hotel and Casino. Mr. Sartini is a member of the University of Nevada, Las Vegas Foundation’s Board of Trustees. He has over 24 years of experience in the local hotel and casino industry. He serves as a Director of Golden Gaming Inc. He served as a Director of Station Casinos LLC from 1993 to December 1, 2004. He served as a Director of Service1st Bank of Nevada since it opened in January 2007. He served as a Director of Western Liberty BanCorp. from October 2010 to February 14, 2011. Mr. Sartini earned his Bachelor of Arts degree in business administration from the University of Nevada Las Vegas.

CEO Compensation
  • Blake's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Blake's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Golden Entertainment management team in years:

4.8
Average Tenure
54.5
Average Age
  • The tenure for the Golden Entertainment management team is about average.
Management Team

Blake Sartini

TITLE
Chairman of the Board & CEO
COMPENSATION
$4M
AGE
60
TENURE
4.8 yrs

Charles Protell

TITLE
President & CFO
COMPENSATION
$2M
AGE
45
TENURE
0.7 yrs

Steve Arcana

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
54
TENURE
4.8 yrs

Blake Sartini

TITLE
Senior Vice President of Distributed Gaming
COMPENSATION
$983K
AGE
34
TENURE
4.8 yrs

Sean Higgins

TITLE
EVP of Government Affairs & Company Secretary
COMPENSATION
$1M
AGE
55
TENURE
3.4 yrs

Tom Haas

TITLE
Senior Vice President of Accounting
AGE
58
TENURE
2.1 yrs

Gary Vecchiarelli

TITLE
Senior Vice President of Finance
AGE
41

Terry Contreras

TITLE
Chief Financial Officer of Red Hawk Casino
AGE
56
TENURE
10.1 yrs
Board of Directors Tenure

Average tenure and age of the Golden Entertainment board of directors in years:

4.8
Average Tenure
60
Average Age
  • The tenure for the Golden Entertainment board of directors is about average.
Board of Directors

Mark Lipparelli

TITLE
Independent Director
COMPENSATION
$271K
AGE
54
TENURE
4.8 yrs

Blake Sartini

TITLE
Chairman of the Board & CEO
COMPENSATION
$4M
AGE
60
TENURE
4.8 yrs

Bob Miodunski

TITLE
Independent Director
COMPENSATION
$253K
AGE
68
TENURE
4.8 yrs

Terry Wright

TITLE
Independent Director
COMPENSATION
$262K
AGE
69
TENURE
4.8 yrs

Lyle Berman

TITLE
Director
COMPENSATION
$360K
AGE
77
TENURE
22.3 yrs

Ann Dozier

TITLE
Independent Director
AGE
50
TENURE
0.8 yrs

Anthony Marnell

TITLE
Independent Director
AGE
45
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Golden Entertainment individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 20 Buy Charles Protell Individual 19. Mar 20 19. Mar 20 10,000 €4.20 €42,021
19. Mar 20 Buy Thomas Haas Individual 17. Mar 20 18. Mar 20 5,000 €5.08 €22,496
17. Mar 20 Buy Robert Miodunski Individual 17. Mar 20 17. Mar 20 22,500 €4.83 €108,782
15. Nov 19 Buy Anthony Marnell Individual 14. Nov 19 14. Nov 19 25,172 €16.29 €410,085
14. Nov 19 Buy Anthony Marnell Individual 13. Nov 19 13. Nov 19 64,095 €15.31 €981,505
21. Aug 19 Buy Anthony Marnell Individual 16. Aug 19 20. Aug 19 10,000 €12.40 €119,302
13. Jun 19 Buy Anthony Marnell Individual 12. Jun 19 12. Jun 19 6,800 €11.78 €80,084
12. Jun 19 Buy Blake Sartini Individual 12. Jun 19 12. Jun 19 10,000 €12.25 €122,541
11. Jun 19 Buy Anthony Marnell Individual 07. Jun 19 07. Jun 19 10,000 €11.91 €119,070
04. Jun 19 Buy Thomas Haas Individual 31. May 19 31. May 19 1,000 €11.58 €11,582
X
Management checks
We assess Golden Entertainment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Golden Entertainment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GE6 News

Simply Wall St News

GE6 Company Info

Description

Golden Entertainment, Inc., together with its subsidiaries, owns and operates a diversified entertainment platform in the United States. The company operates through two segments, Casinos and Distributed Gaming. The Casinos segment owns and operates ten resort casino properties in Nevada and Maryland. The Distributed Gaming segment is involved in the installation, maintenance, and operation of slots and amusement devices in non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, and grocery stores in Nevada and Montana; and ownership and operation of branded taverns with slots, which target local patrons primarily in the greater Las Vegas, Nevada metropolitan area. As of December 31, 2019, it had approximately 10,900 slots in approximately 1,000 locations. The company was formerly known as Lakes Entertainment, Inc. and changed its name to Golden Entertainment, Inc. in July 2015. Golden Entertainment, Inc. was incorporated in 1998 and is headquartered in Las Vegas, Nevada.

Details
Name: Golden Entertainment, Inc.
GE6
Exchange: DB
Founded: 1998
$136,097,431
27,914,593
Website: http://www.goldenent.com
Address: Golden Entertainment, Inc.
6595 South Jones Boulevard,
Las Vegas,
Nevada, 89118,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM GDEN Common Stock Nasdaq Global Market US USD 04. Jan 1999
DB GE6 Common Stock Deutsche Boerse AG DE EUR 04. Jan 1999
LSE 0A10 Common Stock London Stock Exchange GB EUR 04. Jan 1999
Number of employees
Current staff
Staff numbers
8,000
Golden Entertainment employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 03:32
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.