Caesars Entertainment, Inc. Financial Ratios — CZR Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	21.87	45.93	39.16	24.69	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	13.99	-2	9.15	1.87	3.03	2.01	1.4	-8.36	-2.74	-2.51	2.35	-0.84	-1.56
Return on Capital (%)	- -	40.5	- -	- -	6.1	- -	6.26	6.18	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	18.29	- -	- -	5.67	- -	5.63	5.66	- -	- -	- -	- -	- -	- -
Gross Margin (%)	41.73	40.9	37.68	37.93	39.28	45.05	44.99	49.01	49.12	51.44	50.09	53.2	51.81	50
EBITDA Margin (%)	16.74	16.04	14.09	17.84	18.01	21.08	24.22	26.5	18.88	29.59	28.33	33.09	32.01	30.43
Operating Margin (%)	9.81	9.15	6.18	9.94	10.96	13.93	16.59	17.72	2.81	17.83	17.2	22.15	20.23	18.09
Incremental Operating Margin (%)	- -	31.31	-0.25	13.74	15.06	18.54	23.42	22.67	-31.45	26.99	12.39	98.02	98.59	-81.74
Pretax Margin (%)	-0.39	7.64	-3.47	6.2	4.18	-2.93	6.57	4.94	-44.27	-13.26	-5.22	-0.52	-1.1	-3.9
Profit Margin (%)	-0.39	7.64	-3.99	15.86	2.72	4.96	4.62	3.2	-48.43	-10.65	-8.31	6.82	-2.47	-4.37
Net Income to Common Margin (%)	-0.39	7.64	-3.99	15.86	2.72	4.96	4.62	3.2	-48.43	-10.65	-8.31	6.82	-2.47	-4.37
Effective Tax Rate (%)	- -	- -	- -	- -	34.82	- -	29.63	35.2	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	-417.26	32.26	-4.04	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	21.87	45.93	39.16	24.69	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	171	775	866	800	2,190	4,222	3,739	26,488	26,265	25,427	25,071	25,062	24,900
ST Debt	- -	3	- -	5	5	1	- -	266	120	119	158	88	130	134
LT Debt	- -	168	775	862	796	2,190	4,221	3,473	26,368	26,146	25,269	24,983	24,932	24,766
Total Debt/EBITDA	- -	4.31	15.2	6.74	4.94	7.02	8.48	5.58	38.67	9.27	8.29	6.57	6.96	7.12
Net Debt/EBITDA	- -	3.55	13.48	6.14	4.56	6.58	6.09	3.53	18.05	4.49	3.83	2.96	3.13	3.12
Total Debt/EBIT	- -	7.55	34.69	12.11	8.11	10.62	12.38	8.35	259.69	15.4	13.66	9.82	11.02	11.98
Net Debt/EBIT	- -	6.22	30.77	11.02	7.49	9.96	8.89	5.28	121.22	7.46	6.3	4.42	4.96	5.24
EBITDA to Interest Expense	2.65	2.53	1.66	2.09	3.18	3.13	2.9	2.34	0.57	1.23	1.35	1.62	1.51	1.5
EBITDA-CapEx/Interest Expense	2.65	2.53	1.66	1.49	2.34	2.3	2.04	1.74	0.4	0.87	0.92	1.07	0.96	1.16
EBIT to Interest Expense	1.56	1.44	0.73	1.16	1.94	2.07	1.98	1.57	0.08	0.74	0.82	1.08	0.96	0.89
Interest Expense	16	16	31	62	51	100	172	286	1,202	2,311	2,277	2,354	2,377	2,324
Common Equity/Total Assets	- -	- -	-1.23	7.53	9.63	5.5	4.91	6.49	-3.82	-6.34	-9.87	-7.56	-8.59	-10.44
Long-Term Debt/Equity (%)	- -	222.34	511.18	318.37	266.67	232.54	410.15	310.92	523.8	575.78	673.66	529.3	569.74	671.89
Long-Term Debt/Capital (%)	- -	98.4	101.88	89.2	86.04	91.8	93.56	84.6	104.99	109.32	114.05	109.98	110.91	113.72
Long-Term Debt/Total Assets (%)	- -	62.19	66.16	65.03	61.5	61.74	71.41	61.57	72.47	68.75	75.37	74.88	76.5	78.28
Total Debt/Equity (%)	- -	225.95	511.2	320.04	268.19	232.6	410.2	334.74	526.18	578.4	677.87	531.17	572.71	675.53
Total Debt/Capital (%)	- -	100	101.88	89.67	86.53	91.83	93.57	91.08	105.47	109.82	114.76	110.37	111.49	114.33
Total Debt/Total Assets (%)	- -	63.2	66.16	65.38	61.85	61.76	71.41	66.28	72.8	69.06	75.84	75.14	76.9	78.7
Net Debt to Equity	- -	186.16	453.42	291.12	247.74	218.31	294.51	211.73	245.61	280.16	312.69	239.07	257.68	295.63
Net Debt/Capital (%)	- -	99.82	102.13	88.76	85.58	91.34	70.8	60.66	52.98	55.69	55.54	51.97	52.17	52.16
EBITDA	43	40	51	128	162	312	498	670	685	2,832	3,066	3,815	3,599	3,495
EBITDA-CapEx	43	40	51	92	119	229	351	499	486	2,000	2,103	2,521	2,288	2,686
Operating Income (Loss)	25	23	22	72	99	206	341	448	102	1,706	1,861	2,554	2,275	2,078

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	1.19	0.95	0.74	0.6	0.68	0.62	0.35	0.71	0.2	0.39	0.37	0.38	0.39
Current Ratio	- -	1.57	1.28	1.1	1	1.12	1.43	0.88	2.41	1.13	0.79	0.76	0.77	0.8
Quick Ratio	- -	1.33	1.04	0.83	0.74	0.91	0.81	0.43	0.86	0.29	0.62	0.6	0.59	0.6
CFO/Avg Current Liab	- -	1.87	0.54	0.57	0.92	0.8	1.03	0.57	-0.36	0.3	0.24	0.68	0.43	0.58
Common Equity/Total Assets	- -	- -	-1.23	7.53	9.63	5.5	4.91	6.49	-3.82	-6.34	-9.87	-7.56	-8.59	-10.44
Long-Term Debt/Equity (%)	- -	222.34	511.18	318.37	266.67	232.54	410.15	310.92	523.8	575.78	673.66	529.3	569.74	671.89
Long-Term Debt/Capital (%)	- -	98.4	101.88	89.2	86.04	91.8	93.56	84.6	104.99	109.32	114.05	109.98	110.91	113.72
Long-Term Debt/Total Assets (%)	- -	62.19	66.16	65.03	61.5	61.74	71.41	61.57	72.47	68.75	75.37	74.88	76.5	78.28
Total Debt/Equity (%)	- -	225.95	511.2	320.04	268.19	232.6	410.2	334.74	526.18	578.4	677.87	531.17	572.71	675.53
Total Debt/Capital (%)	- -	100	101.88	89.67	86.53	91.83	93.57	91.08	105.47	109.82	114.76	110.37	111.49	114.33
Total Debt/Total Assets (%)	- -	63.2	66.16	65.38	61.85	61.76	71.41	66.28	72.8	69.06	75.84	75.14	76.9	78.7
CFO/Total Liabilities	- -	12.09	3.1	5.38	9.58	4.99	6.62	6.92	-1.86	3.5	3.27	6.32	3.81	4.66
CFO/CapEx	- -	- -	- -	1.54	2.21	1.56	2.2	1.83	-2.92	1.41	1.01	1.4	0.82	1.61
Altman's Z-Score	- -	1.36	1	1.66	2.13	1.56	1.14	1.36	0.47	0.93	0.83	1.09	0.95	0.87

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	152.58	69.9	84.22	72.99	48.96	38.8	44.29	18.32	23.51	19.98	18.91	20.86	24.28
Days Sales Outstanding	- -	2.39	5.22	4.33	5	7.46	9.41	8.24	19.92	15.52	18.27	19.3	17.5	15.03
Inventory Turnover	- -	93.97	43.6	47.09	47.97	58.28	60.38	66.8	59.55	108.07	106.95	102.76	119.1	130.52
Days Inventory Outstanding	- -	3.88	8.37	7.75	7.61	6.26	6.05	5.46	6.13	3.38	3.41	3.55	3.06	2.8
Accounts Payable Turnover	- -	44.12	24.45	31.1	28.31	29.08	24.32	21.35	16.35	22.07	19.08	14.91	15.39	19.36
Accounts Payable Turnover Days	- -	8.27	14.93	11.74	12.89	12.55	15.01	17.1	22.33	16.54	19.13	24.48	23.71	18.85
Cash Conversion Cycle	- -	-2	-1.34	0.35	-0.28	1.17	0.45	-3.39	3.72	2.36	2.55	-1.63	-3.15	-1.02
Inventory to Cash Days	- -	-1.49	-3.15	-3.42	-2.61	1.19	3.36	2.78	13.79	12.15	14.85	15.75	14.43	12.23
Inventories	- -	3	7	12	11	17	21	18	44	42	59	46	45	43
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	3	7	12	11	17	21	18	44	42	59	46	45	43

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	469	367	400	849	526	1,056	9,655	19,735	8,902	10,079	7,185	4,865
- Cash & Cash Equivalents	- -	30	88	78	61	135	231	206	1,776	1,070	1,038	1,005	866	887
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	18	61	38	168	219	182
+ Total Debt	- -	171	775	866	800	2,190	4,222	3,739	26,488	26,265	25,427	25,071	25,062	24,900
Enterprise Value	- -	141	1,157	1,155	1,139	2,887	4,500	4,555	34,385	44,991	33,329	34,313	31,600	29,060
Total Capital	- -	171	761	966	925	2,385	4,512	4,105	25,115	23,916	22,156	22,716	22,480	21,779
Total Debt/Capital (%)	- -	100	101.88	89.67	86.53	91.83	93.57	91.08	105.47	109.82	114.76	110.37	111.49	114.33
Total Debt / EV	- -	1.21	0.67	0.75	0.7	0.76	0.94	0.82	0.77	0.58	0.76	0.73	0.79	0.86
EV/Sales	- -	0.57	3.2	1.6	1.27	1.95	2.19	1.8	9.48	4.7	3.08	2.98	2.81	2.53
EV/EBITDA	- -	3.55	22.69	8.99	7.02	9.25	9.04	6.8	50.2	15.89	10.87	8.99	8.78	8.31
EV/EBIT	- -	6.23	51.77	16.15	11.54	14	13.2	10.17	337.11	26.37	17.91	13.44	13.89	13.98
EV/Cash Flow to Firm	- -	3.59	17.35	5.39	8.86	- -	10.13	9.14	47.84	15.16	10.8	- -	6.17	8.14
EV/Free Cash Flow to Firm	- -	3.59	17.35	4.6	6.63	65.15	7.61	6.8	37.46	11.84	8.23	- -	4.91	6.64
Diluted Market Cap	- -	- -	469	371	405	862	532	1,069	9,655	19,735	8,902	10,126	7,185	4,865
Diluted Enterprise Value	- -	141	1,157	1,159	1,145	2,917	4,522	4,602	34,385	44,991	33,329	34,360	31,600	29,060
EV per Share	- -	3.04	38.69	24.82	24.22	43.01	58.09	58.64	264.5	213.23	155.74	159.6	146.98	139.71
TTM Sales	255	247	362	720	900	1,481	2,056	2,528	3,628	9,570	10,821	11,528	11,245	11,486
TTM EBITDA	43	40	51	128	162	312	498	670	685	2,832	3,066	3,815	3,599	3,495
TTM Operating Income	25	23	22	72	99	206	341	448	102	1,706	1,861	2,554	2,275	2,078
TTM Cash Flow to Firm	44	39	67	214	129	-39	444	498	719	2,968	3,087	-30,676	5,120	3,569
TTM Free Cash Flow to Firm	44	39	67	251	172	44	591	669	918	3,800	4,050	-29,382	6,431	4,378

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	14.84	3.97	2.93	4.04	1.13	2.21	-25.21	9.85	4.59	3.26	3.01	2.3
EV/EBIT	- -	6.23	51.77	16.15	11.54	14	13.2	10.17	337.11	26.37	17.91	13.44	13.89	13.98
Enterprise Value	- -	141	1,157	1,155	1,139	2,887	4,500	4,555	34,385	44,991	33,329	34,313	31,600	29,060
Low Price	- -	- -	8.51	3.3	5.39	8.18	5.84	6.49	3.22	66.34	31.31	38.33	31.74	18.25
EV/Sales	- -	0.57	3.2	1.6	1.27	1.95	2.19	1.8	9.48	4.7	3.08	2.98	2.81	2.53
EV/EBITDA	- -	3.55	22.69	8.99	7.02	9.25	9.04	6.8	50.2	15.89	10.87	8.99	8.78	8.31
Price/Earnings	- -	- -	- -	3.22	16.3	11.57	5.54	13.04	- -	- -	- -	12.82	- -	- -
Price/Earnings Average	- -	- -	-27.76	3.59	13.97	10.33	8.85	10.22	-2.29	-19.9	-13.3	13.13	-30.5	-11.29
Price/Earnings High	- -	- -	-36.05	6.52	20.79	12.44	11.82	13.09	-5.78	-24.81	-23.18	16.49	-37.56	-16.57
Price/Earnings Low	- -	- -	-17.64	1.35	10.34	7.48	4.76	6.22	-0.24	-13.74	-7.45	10.48	-24.55	-7.56
Price/Book Value	- -	- -	-32.52	3.68	3.21	4.36	1.81	2.89	-6.94	-8.19	-2.69	-3.99	-2.57	-1.47
Price/Book Value Average	- -	- -	-27.76	4.11	2.75	3.89	2.9	2.26	-2.89	-8.41	-3.61	-4.09	-3.03	-1.72
Price/Book Value High	- -	- -	-36.05	7.47	4.09	4.68	3.87	2.9	-7.3	-10.49	-6.3	-5.14	-3.73	-2.52
Price/Book Value Low	- -	- -	-17.64	1.54	2.04	2.81	1.56	1.38	-0.3	-5.81	-2.02	-3.27	-2.44	-1.15
Price/Tangible Book Value	- -	- -	-1.15	-1.27	-1.56	-1.06	-0.39	-1.17	-1.06	-1.72	-0.74	-0.93	-0.69	-0.45
Price/Tangible Book Value Average	- -	- -	-0.98	-1.42	-1.34	-0.94	-0.63	-0.92	-0.44	-1.77	-1	-0.96	-0.82	-0.53
Price/Tangible Book Value High	- -	- -	-1.28	-2.58	-1.99	-1.14	-0.84	-1.17	-1.11	-2.21	-1.74	-1.2	-1.01	-0.77
Price/Tangible Book Value Low	- -	- -	-0.63	-0.53	-0.99	-0.68	-0.34	-0.56	-0.05	-1.22	-0.56	-0.76	-0.66	-0.35
Price/Sales	- -	- -	1.3	0.51	0.44	0.57	0.26	0.42	2.66	2.06	0.82	0.87	0.64	0.42
Price/Sales Average	- -	- -	1.11	0.57	0.38	0.51	0.41	0.33	1.11	2.12	1.1	0.9	0.75	0.49
Price/Sales High	- -	- -	1.44	1.03	0.57	0.62	0.55	0.42	2.8	2.64	1.93	1.12	0.93	0.72
Price/Sales Low	- -	- -	0.7	0.21	0.28	0.37	0.22	0.2	0.12	1.46	0.62	0.71	0.61	0.33
Price/Cash Flow	- -	- -	14.84	6.48	4.19	6.54	1.63	3.38	-16.59	16.84	9.13	5.57	6.68	3.74
Price/Cash Flow Average	- -	- -	12.67	7.23	3.59	5.84	2.6	2.65	-6.91	17.3	12.26	5.7	7.89	4.35
Price/Cash Flow High	- -	- -	16.45	13.13	5.35	7.03	3.48	3.39	-17.46	21.57	21.38	7.16	9.71	6.39
Price/Cash Flow Low	- -	- -	8.05	2.71	2.66	4.23	1.4	1.61	-0.72	11.94	6.87	4.56	6.35	2.92
Price/Free Cash Flow Average	- -	- -	12.67	4.43	2.51	3.61	1.81	1.73	-10.51	10.12	6.17	3.34	3.55	2.68
Price/Free Cash Flow High	- -	- -	16.45	8.05	3.73	4.35	2.42	2.22	-26.53	12.61	10.75	4.2	4.38	3.94
Price/Free Cash Flow Low	- -	- -	8.05	1.66	1.86	2.61	0.97	1.05	-1.09	6.98	3.46	2.67	2.86	1.8
EV/Sales Average	- -	0.57	3.01	1.66	1.2	1.9	2.35	1.73	7.93	4.76	3.36	3	2.93	2.6
EV/Sales High	- -	0.57	3.34	2.13	1.39	2	2.49	1.82	9.62	5.28	4.18	3.23	3.1	2.83
EV/Sales Low	- -	0.57	2.6	1.31	1.1	1.76	2.16	1.6	6.93	4.1	2.88	2.82	2.78	2.44
EV/EBITDA Average	- -	3.55	21.34	9.33	6.67	9.01	9.7	6.51	41.98	16.08	11.87	9.06	9.14	8.54
EV/EBITDA High	- -	3.55	23.68	11.93	7.7	9.51	10.27	6.86	50.94	17.84	14.76	9.75	9.69	9.3
EV/EBITDA Low	- -	3.55	18.48	7.33	6.12	8.34	8.92	6.03	36.71	13.86	10.15	8.51	8.68	8.01
EV/EBIT Average	- -	6.23	48.7	16.76	10.96	13.64	14.17	9.73	281.9	26.69	19.55	13.53	14.46	14.37
EV/EBIT High	- -	6.23	54.04	21.43	12.65	14.39	15	10.25	342.07	29.62	24.32	14.56	15.32	15.65
EV/EBIT Low	- -	6.23	42.16	13.17	10.06	12.63	13.03	9.01	246.55	23.01	16.73	12.72	13.73	13.47
Last Price	- -	- -	15.69	7.89	8.5	12.65	6.79	13.6	74.27	93.53	41.6	46.88	33.42	23.39
High Price	- -	- -	17.39	16	10.84	13.6	14.5	13.65	78.16	119.81	97.39	60.27	48.57	40
Enterprise Value Average	- -	141	1,088	1,198	1,082	2,813	4,832	4,361	28,754	45,531	36,381	34,553	32,895	29,860
Enterprise Value High	- -	141	1,208	1,533	1,249	2,969	5,114	4,593	34,891	50,536	45,268	37,192	34,858	32,515
Enterprise Value Low	- -	141	942	942	993	2,604	4,443	4,037	25,149	39,254	31,127	32,475	31,239	27,991

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	- -	46	46	47	47	77	77	78	208	214	215	216	211	203
Diluted Weighted Avg Shares	46	46	30	47	48	68	78	79	130	211	214	216	215	208
Basic Weighted Avg Shares	46	46	30	47	47	67	77	78	130	211	214	215	215	208
Revenue per Share	5.49	5.33	12.1	15.46	19.15	22.06	26.54	32.54	27.91	45.36	50.57	53.62	52.3	55.22
EBITDA per Share	0.92	0.85	1.71	2.76	3.45	4.65	6.43	8.63	5.27	13.42	14.33	17.74	16.74	16.8
Operating Income per Share	0.54	0.49	0.75	1.54	2.1	3.07	4.4	5.77	0.78	8.09	8.7	11.88	10.58	9.99
Basic EPS, GAAP	-0.02	0.41	-0.48	2.45	0.52	1.09	1.23	1.04	-13.52	-4.83	-4.2	3.66	-1.29	-2.41
Basic EPS from Cont Ops	-0.02	0.41	-0.48	2.45	0.52	1.09	1.23	1.04	-13.37	-4.67	-2.45	3.85	-0.98	-2.1
Diluted EPS, GAAP	-0.02	0.41	-0.48	2.43	0.51	1.08	1.21	1.03	-13.52	-4.83	-4.2	3.64	-1.29	-2.41
Diluted EPS from Cont Ops	-0.02	0.41	-0.48	2.43	0.51	1.08	1.21	1.03	-13.37	-4.67	-2.45	3.83	-0.98	-2.1
Dividend per Share	0.09	0.13	0.02	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.61	0.51	1.06	1.22	2.03	1.93	4.17	4.03	-4.48	5.55	4.56	8.41	5	6.26
Free Cash Flow per Basic Share	0.61	0.51	1.06	0.43	1.11	0.7	2.27	1.83	-6.01	1.61	0.06	2.4	-1.1	2.37
Cash & Equivalents per Share	- -	0.64	2.93	1.68	1.3	2.27	3.2	3.1	13.66	5.07	4.85	4.67	4.03	4.26
Book Value per Share	- -	- -	-0.48	2.14	2.65	2.9	3.75	4.71	-10.7	-11.42	-15.46	-11.73	-13.03	-15.88
Tangible Book Value per Share	- -	1.19	-13.62	-6.19	-5.44	-11.95	-17.31	-11.64	-70.1	-54.29	-55.92	-50.2	-48.18	-51.63

Caesars Entertainment, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)