Golden Entertainment (GDEN) AI Stock Analysis

• Market Cap: $606.61M
• Dividend Yield: 4.31%
• Average Volume (3M): 175.56K
• Price to Earnings (P/E): 42.9
• Beta (1Y): 0.98
• Revenue Growth: -21.68%
• EPS Growth: -94.08%
• Country: US
• Employees: 5,300
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.19
• Shares Outstanding: 26,158,234
• 10 Day Avg. Volume: 233,088
• 30 Day Avg. Volume: 175,565
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.09
• Enterprise Value/Revenue: 1.95
• Enterprise Value/Gross Profit: 3.72
• Enterprise Value/Ebitda: 9.62
• 1Y Price Target: $31.57
• Price Target Upside: 36.14% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 48 Neutral
• Price Target: $25.00 ▲(7.81% Upside)

Golden Entertainment's stock score reflects significant challenges in financial performance and technical analysis. The company's high P/E ratio suggests overvaluation, while the earnings call highlights mixed results with strong local casino performance but struggles in other segments. The technical indicators further emphasize a bearish trend, contributing to the overall lower score.

Positive Factors

Strong Performance in Nevada Locals Casinos

The robust performance in Nevada locals casinos, with consistent EBITDA growth and improved margins, highlights a strong regional market position and effective operational strategies, contributing to long-term revenue stability.

Positive Tax Legislation Impact

The anticipated tax relief from new legislation will enhance cash flow and profitability, providing a financial cushion and supporting growth initiatives over the coming years.

Improved Efficiency at STRAT

Effective cost management at STRAT, despite weaker demand, demonstrates operational resilience and the ability to maintain profitability under challenging conditions, which is crucial for long-term sustainability.

Negative Factors

Revenue Decline in Casino Resorts Segment

The decline in revenue and EBITDA in the Casino Resorts segment indicates challenges in maintaining competitive advantage and market share, which could impact long-term growth prospects.

Challenges in Tavern Business

The decline in the tavern business revenue suggests potential issues in customer retention and market positioning, which could hinder overall revenue growth and profitability if not addressed.

STRAT Midweek and June Occupancy Challenges

Decreased occupancy at STRAT, especially midweek, reflects demand volatility and competitive pressures, which may affect revenue consistency and necessitate strategic adjustments to improve occupancy rates.

Golden Entertainment Business Overview & Revenue Model

Company Description

Golden Entertainment, Inc., together with its subsidiaries, engages in the ownership and operation of a diversified entertainment platform in the United States. The company operates through four segments: Nevada Casino Resorts, Nevada Locals Casinos, Maryland Casino Resort, and Distributed Gaming. The Nevada Casino Resorts segment comprises of destination casino resort properties that include various food and beverage outlets, entertainment venues, and other amenities. The Nevada Locals Casinos segment consists of casino properties that cater to local customers. The Maryland Casino Resort segment operates Rocky Gap casino resort, including various food and beverage outlets, signature golf course, spa, and pool. The Distributed Gaming segment operates slot machines and amusement devices in non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, and grocery stores. As of February 17, 2022, the company operated approximately 16,900 slots, 120 table games, and 6,200 hotel rooms; 10 casinos; and video gaming devices at 1,100 locations, as well as owned 60 traditional taverns. 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.

How the Company Makes Money

Golden Entertainment generates revenue through multiple streams, primarily from gaming operations, which include traditional casino gaming such as slot machines and table games. The company also earns significant income from sports betting, particularly following the expansion of legalized sports wagering in the United States. Additionally, Golden Entertainment benefits from its hospitality services, including hotel accommodations, dining, and entertainment offerings, which attract both local patrons and tourists. The company has established key partnerships with various gaming technology providers, enhancing its gaming offerings and operational efficiencies. Furthermore, its strategic focus on the regional market allows it to capitalize on local customer bases, driving consistent revenue growth.

Golden Entertainment Financial Statement Overview

Summary

Golden Entertainment faces challenges in revenue growth and profitability, as reflected in the income statement. The balance sheet shows improved leverage but reduced return on equity. Cash flow metrics indicate some positive trends, but overall, the company needs to address revenue and margin pressures to enhance financial performance.

Income Statement

Golden Entertainment's income statement shows a mixed performance. The company has experienced declining revenue growth, with a significant drop in the TTM period. Margins have also compressed, with the TTM gross profit margin at 52.34% and net profit margin at 2.35%, both lower than previous periods. This indicates pressure on profitability and challenges in maintaining revenue growth.

Balance Sheet

The balance sheet reflects a moderate financial position. The debt-to-equity ratio has improved to 1.00 in the TTM period, indicating better leverage management compared to previous years. However, the return on equity has decreased to 3.23%, suggesting lower profitability relative to equity. The equity ratio remains stable, indicating a balanced asset structure.

Cash Flow

Cash flow analysis reveals some positive trends. The free cash flow growth rate improved by 15.7% in the TTM period, and the operating cash flow to net income ratio is healthy at 1.04. However, the free cash flow to net income ratio is moderate at 0.55, indicating room for improvement in converting income to cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	649.90M	666.82M	1.05B	1.12B	1.10B	694.15M
Gross Profit	340.17M	375.29M	364.20M	504.46M	513.17M	286.98M
EBITDA	131.67M	197.71M	486.41M	246.48M	331.76M	56.99M
Net Income	15.28M	50.73M	255.76M	82.35M	161.78M	-136.61M
Balance Sheet
Total Assets	1.05B	1.08B	1.45B	1.51B	1.62B	1.57B
Cash, Cash Equivalents and Short-Term Investments	52.31M	57.73M	157.55M	136.89M	220.54M	103.56M
Total Debt	445.43M	504.04M	758.19M	1.07B	1.21B	1.33B
Total Liabilities	602.58M	605.68M	914.55M	1.16B	1.30B	1.41B
Stockholders Equity	443.30M	474.23M	537.73M	352.92M	319.54M	161.26M
Cash Flow
Free Cash Flow	49.63M	42.44M	33.33M	98.78M	266.52M	233.00K
Operating Cash Flow	91.03M	92.34M	119.20M	150.20M	295.77M	36.73M
Investing Cash Flow	-41.05M	147.23M	266.92M	-51.27M	-28.89M	-35.85M
Financing Cash Flow	-86.31M	-379.44M	-330.56M	-177.44M	-149.91M	-9.00M

Golden Entertainment Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 23.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GDEN, the sentiment is Negative. The current price of 23.19 is below the 20-day moving average (MA) of 24.02, below the 50-day MA of 25.44, and below the 200-day MA of 27.97, indicating a bearish trend. The MACD of -0.57 indicates Positive momentum. The RSI at 35.91 is Neutral, neither overbought nor oversold. The STOCH value of 6.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GDEN.

Golden Entertainment Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACEL	66 Neutral	$958.42M	27.87	13.51%	―	7.01%	-27.45%
BALY	49 Neutral	$530.04M	-0.95	-1837.27%	―	-1.10%	-1.69%
GDEN	48 Neutral	$606.61M	42.91	3.11%	4.31%	-21.68%	-94.08%
MSC	45 Neutral	$838.65M	-11.20	-14.96%	―	15.03%	27.99%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Golden Entertainment Corporate Events

Golden Entertainment Approves Key Proposals at Annual Meeting

Golden Entertainment, Inc. held its 2025 annual meeting of shareholders on May 22, 2025, where several key proposals were approved. Shareholders approved the amended and restated 2015 Incentive Award Plan, the election of directors, and the compensation of named executive officers, among other proposals. The board also decided to hold future advisory votes on executive compensation annually.

The most recent analyst rating on (GDEN) stock is a Buy with a $36.00 price target. To see the full list of analyst forecasts on Golden Entertainment stock, see the GDEN Stock Forecast page.