Caesars Entertainment (CZR)
Market Price (5/20/2026): $27.505 | Market Cap: $5.6 BilSector: Consumer Discretionary | Industry: Casinos & Gaming
Caesars Entertainment (CZR)
Market Price (5/20/2026): $27.505Market Cap: $5.6 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% Attractive yieldFCF Yield is 8.8% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Markets & Betting. Themes include Travel & Leisure Tech, Experiential Retail, Show more. | Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -114% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 429% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.6% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% Key risksCZR key risks include [1] a substantial debt burden that exposes it to interest rate volatility and [2] intense competition and regulatory challenges in its digital segment that strain profitability. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Attractive yieldFCF Yield is 8.8% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Markets & Betting. Themes include Travel & Leisure Tech, Experiential Retail, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -65%, 3Y Excs Rtn is -114% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 429% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.6% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -13% |
| Key risksCZR key risks include [1] a substantial debt burden that exposes it to interest rate volatility and [2] intense competition and regulatory challenges in its digital segment that strain profitability. |
Qualitative Assessment
AI Analysis | Feedback
1. Robust performance of the Caesars Digital segment and better-than-expected Q4 2025 revenue.
Caesars Entertainment reported a record $85 million in Adjusted EBITDA for its Caesars Digital segment in the fourth quarter of 2025, a significant increase from $20 million in the comparable prior-year period. The company also surpassed Wall Street's revenue expectations, reporting $2.9 billion in GAAP net revenues, a 4.2% year-over-year growth and a 1.1% beat against analyst estimates.
2. Favorable macroeconomic trends and a positive outlook for the gaming industry.
Expectations for subsiding macroeconomic headwinds in 2026, coupled with anticipated recovery in the broader casino and online gaming sector, created a supportive environment for CZR. Digital wagering is projected to be a dominant growth driver in 2026. Additionally, strong growth in household wealth, benefits from tax cuts for higher-income households, and continued growth in real disposable income were expected to positively impact consumer spending on services.
Show more
Stock Movement Drivers
Fundamental Drivers
The 32.9% change in CZR stock from 1/31/2026 to 5/19/2026 was primarily driven by a 28.7% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.70 | 27.50 | 32.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,369 | 11,562 | 1.7% |
| P/S Multiple | 0.4 | 0.5 | 28.7% |
| Shares Outstanding (Mil) | 207 | 204 | 1.5% |
| Cumulative Contribution | 32.9% |
Market Drivers
1/31/2026 to 5/19/2026| Return | Correlation | |
|---|---|---|
| CZR | 32.9% | |
| Market (SPY) | 6.3% | 14.0% |
| Sector (XLY) | -4.9% | 21.8% |
Fundamental Drivers
The 36.8% change in CZR stock from 10/31/2025 to 5/19/2026 was primarily driven by a 32.6% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 20.10 | 27.50 | 36.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,369 | 11,562 | 1.7% |
| P/S Multiple | 0.4 | 0.5 | 32.6% |
| Shares Outstanding (Mil) | 207 | 204 | 1.5% |
| Cumulative Contribution | 36.8% |
Market Drivers
10/31/2025 to 5/19/2026| Return | Correlation | |
|---|---|---|
| CZR | 36.8% | |
| Market (SPY) | 8.2% | 19.9% |
| Sector (XLY) | -3.7% | 30.8% |
Fundamental Drivers
The 1.6% change in CZR stock from 4/30/2025 to 5/19/2026 was primarily driven by a 3.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302025 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.06 | 27.50 | 1.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,297 | 11,562 | 2.3% |
| P/S Multiple | 0.5 | 0.5 | -4.5% |
| Shares Outstanding (Mil) | 212 | 204 | 3.9% |
| Cumulative Contribution | 1.6% |
Market Drivers
4/30/2025 to 5/19/2026| Return | Correlation | |
|---|---|---|
| CZR | 1.6% | |
| Market (SPY) | 33.8% | 29.6% |
| Sector (XLY) | 17.5% | 41.5% |
Fundamental Drivers
The -39.3% change in CZR stock from 4/30/2023 to 5/19/2026 was primarily driven by a -45.8% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5192026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.29 | 27.50 | -39.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,821 | 11,562 | 6.8% |
| P/S Multiple | 0.9 | 0.5 | -45.8% |
| Shares Outstanding (Mil) | 214 | 204 | 4.9% |
| Cumulative Contribution | -39.3% |
Market Drivers
4/30/2023 to 5/19/2026| Return | Correlation | |
|---|---|---|
| CZR | -39.3% | |
| Market (SPY) | 83.3% | 50.3% |
| Sector (XLY) | 59.4% | 53.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CZR Return | 26% | -56% | 13% | -29% | -30% | 18% | -63% |
| Peers Return | -20% | -20% | 49% | -8% | 9% | -11% | -15% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| CZR Win Rate | 50% | 33% | 42% | 33% | 58% | 60% | |
| Peers Win Rate | 45% | 40% | 57% | 45% | 60% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| CZR Max Drawdown | -30% | -66% | -35% | -33% | -53% | -28% | |
| Peers Max Drawdown | -50% | -48% | -32% | -35% | -39% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MGM, LVS, WYNN, DKNG, PENN. See CZR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/19/2026 (YTD)
How Low Can It Go
| Event | CZR | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -22.5% | -6.7% |
| % Gain to Breakeven | 29.0% | 7.1% |
| Time to Breakeven | 42 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -89.8% | -33.7% |
| % Gain to Breakeven | 878.2% | 50.9% |
| Time to Breakeven | 251 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -35.0% | -19.2% |
| % Gain to Breakeven | 53.9% | 23.8% |
| Time to Breakeven | 87 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -24.7% | -3.7% |
| % Gain to Breakeven | 32.8% | 3.9% |
| Time to Breakeven | 27 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -11.0% | -12.2% |
| % Gain to Breakeven | 12.4% | 13.9% |
| Time to Breakeven | 10 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -10.6% | -6.8% |
| % Gain to Breakeven | 11.8% | 7.3% |
| Time to Breakeven | 16 days | 15 days |
In The Past
Caesars Entertainment's stock fell -9.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 10.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | CZR | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -22.5% | -6.7% |
| % Gain to Breakeven | 29.0% | 7.1% |
| Time to Breakeven | 42 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -89.8% | -33.7% |
| % Gain to Breakeven | 878.2% | 50.9% |
| Time to Breakeven | 251 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -35.0% | -19.2% |
| % Gain to Breakeven | 53.9% | 23.8% |
| Time to Breakeven | 87 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -24.7% | -3.7% |
| % Gain to Breakeven | 32.8% | 3.9% |
| Time to Breakeven | 27 days | 6 days |
In The Past
Caesars Entertainment's stock fell -9.3% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 10.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Caesars Entertainment (CZR)
AI Analysis | Feedback
Here are 1-3 brief analogies for Caesars Entertainment:
- Like Disney Parks, but for adults and focused on gambling and entertainment resorts.
- The Marriott of casino resorts, offering widespread gaming and hospitality across the U.S.
AI Analysis | Feedback
Here are the major products and services offered by Caesars Entertainment:
- Gaming Operations: Provides traditional casino games such as poker, keno, and race betting, alongside online sports betting and iGaming services.
- Hotel Accommodations: Offers a wide range of hotel rooms and lodging experiences across its numerous properties.
- Food & Beverage Services: Operates various dining venues, bars, nightclubs, and lounges for guests.
- Entertainment Venues: Hosts a variety of live shows, concerts, and events in its dedicated entertainment spaces.
- Retail Sales: Sells accessories, souvenirs, and decorative items through its on-site retail stores.
- Staffing and Management Services: Provides professional staffing and management expertise for various operations.
AI Analysis | Feedback
Caesars Entertainment (CZR) primarily sells its services directly to individuals rather than other companies. Based on its operations, its major customer categories include:
- Gamblers and Bettors: Individuals who visit Caesars' casinos to participate in various games such as poker, keno, table games, and slot machines, as well as those who engage in online sports betting and iGaming services through its platforms.
- Leisure, Hospitality, and Entertainment Guests: Individuals who utilize Caesars' hotels for accommodation, dine at its various restaurants, bars, nightclubs, and lounges, and attend entertainment events and shows held at its venues. This category includes tourists, vacationers, and business travelers seeking a full hospitality and entertainment experience.
AI Analysis | Feedback
null
AI Analysis | Feedback
Thomas R. Reeg, Chief Executive Officer
Thomas R. Reeg is the Chief Executive Officer of Caesars Entertainment. He previously served as Chief Executive Officer of Eldorado Resorts, Inc. since January 2019 and was instrumental in spearheading the acquisition of Caesars Entertainment Corporation in 2020. He also served as President of Eldorado Resorts, Inc. since September 2014, and as its Chief Financial Officer from March 2016 to 2019. Reeg's involvement with Eldorado Resorts dates back to 2007 when he joined its Board of Managers. He masterminded the $17.3 billion merger between Eldorado Resorts and Caesars Entertainment in 2020 and was instrumental in negotiating, structuring, and financing Eldorado's growth strategy, including several key acquisitions such as MTR Resorts (2014), Isle of Capri Casinos, Inc. (2017), Grand Victoria Casino, and Tropicana Entertainment (2018). Prior to his roles at Eldorado, he was a Managing Director and portfolio manager at AIG Global Investment Group (2002-2005) and a senior high-yield research analyst at Bank One Capital Markets, covering the casino, lodging, and leisure sectors. He was also a founding partner and director of Newport Global Advisors (2005-2010), an indirect stockholder of Eldorado Resorts.
Bret Yunker, Chief Financial Officer
Bret Yunker is the Chief Financial Officer of Caesars Entertainment. He served as Chief Financial Officer of Eldorado Resorts, Inc. since May 2019, prior to the acquisition of Caesars Entertainment Corporation. Mr. Yunker is responsible for all of the Company's financial and treasury functions, including financial reporting, bank relationships, investor relations, and M&A activity. He brings over twenty years of gaming industry investment banking experience to his position, having most recently served as Managing Director at J.P. Morgan in its Real Estate Investment Banking group, where he had primary coverage responsibility for the domestic and international gaming industry. He began his banking career in 1998, serving for fourteen years in various investment banking roles, including as Managing Director at Bank of America Merrill Lynch.
Anthony Carano, President and Chief Operating Officer
Anthony Carano is the President and Chief Operating Officer of Caesars Entertainment, Inc. He joined Eldorado Resorts, a company founded by his grandfather, Don Carano, in 2014. Before the merger, he served as Executive Vice President, General Counsel, and Corporate Secretary at Eldorado, and later as Executive Vice President of Operations. Following Eldorado's acquisition of Caesars Entertainment Corporation in 2020, he continued in his role as President and Chief Operating Officer. Carano was actively involved in mergers and acquisitions and regulatory negotiations during Eldorado's period of aggressive growth. Prior to joining Eldorado, he practiced law in Nevada with McDonald Carano Wilson, LLP, specializing in gaming, transactional, and regulatory law.
Stephanie Lepori, Chief Administrative and Accounting Officer
Stephanie Lepori serves as Chief Administrative and Accounting Officer at Caesars Entertainment, Inc. She is also CFO, Treasurer, CAO & Controller at Circus & Eldorado Joint Venture LLC. Ms. Lepori joined Eldorado Resorts in 1995 and played a pivotal role in its growth, including the acquisition of Caesars Entertainment Corporation in 2020. Her leadership and financial management skills have been significant in numerous large-scale financing transactions and growth initiatives, including acquisitions and divestitures. Before joining Eldorado, she began her career as an auditor in Las Vegas with Arthur Andersen LLP. She previously held the roles of Principal Accounting Officer for Eldorado Resorts since January 2016 and Chief Administrative Officer for Eldorado since 2017.
Eric Hession, Co-President of Caesars Sports and Online Gaming
Eric Hession currently serves as Co-President of Caesars Sports and Online Gaming. He previously served as Chief Financial Officer and Executive Vice President of Caesars Entertainment Corporation from January 1, 2015, and as its Treasurer since November 2011. Mr. Hession joined Caesars Entertainment (then Harrah's Entertainment) in 2002 and held various senior roles in finance, including Senior Vice President of Finance, Vice President of Finance, and Vice President of Corporate Finance. Before his tenure at Caesars, he worked for four years with Merck & Co. in financial and industrial engineering roles.
AI Analysis | Feedback
The key risks to Caesars Entertainment's business include its significant debt load, sensitivity to economic downturns and consumer spending, and intense competition coupled with an evolving regulatory landscape, particularly within its digital gaming segment.
- High Debt and Financial Commitments: Caesars Entertainment carries a substantial level of debt, which affects its financial flexibility and ability to fund future projects or respond effectively to market downturns. The company's strategic acquisitions and expansions have been financed through borrowing, resulting in significant indebtedness. This debt, along with lease obligations, represents considerable financial commitments that require careful management to maintain operational stability.
- Economic Sensitivity and Volatility in Consumer Spending: As a gaming and hospitality company, Caesars Entertainment's performance is highly sensitive to macroeconomic conditions and discretionary consumer spending. Economic downturns, inflation, or broader economic headwinds can negatively impact gaming revenues and hotel occupancy rates, particularly affecting segments reliant on discretionary spending and tourism, such as its Las Vegas operations.
- Intense Competition and Evolving Regulatory Environment: The gaming and hospitality industry is fiercely competitive, with challenges arising from both traditional brick-and-mortar casinos and the rapidly expanding online gaming and sports betting markets. Caesars must continually invest in technology, marketing, and customer acquisition to maintain its market position in these competitive environments. Additionally, the industry is subject to complex and evolving regulatory landscapes, especially for its digital segment, which introduces ongoing compliance costs and the potential for new taxes or restrictions.
AI Analysis | Feedback
Intensifying competition from pure-play online sports betting and iGaming operators. These digitally native companies, unburdened by extensive physical infrastructure and legacy operations, can often be more agile, innovative, and cost-efficient in customer acquisition and product development within the rapidly expanding online gambling market, potentially eroding Caesars' market share and profitability in this crucial growth segment.
AI Analysis | Feedback
Caesars Entertainment, Inc. (CZR) operates in several addressable markets within the United States, primarily focusing on gaming and hospitality services.
U.S. Commercial Casino Gaming Market
The U.S. traditional casino gaming market generated approximately $50.94 billion in revenue in 2025. In 2024, the commercial casino revenue stood at $49.89 billion. This market is projected to grow by USD 9.5 billion with a compound annual growth rate (CAGR) of 3.22% between 2023 and 2028.
U.S. Hotel Market
The U.S. hotels market size was estimated at USD 263.21 billion in 2024 and is projected to reach USD 280.63 billion in 2025. The market is expected to grow at a CAGR of 7.1% from 2025 to 2030, potentially reaching USD 395.69 billion by 2030. Another report valued the USA Hotel Market at USD 260 billion based on a five-year historical analysis.
U.S. Online Sports Betting Market
The total sports betting revenue in the U.S. reached $16.96 billion in 2025, with online sports betting accounting for 96.5% of this market share. This suggests an online sports betting market of approximately $16.36 billion in 2025. The U.S. sports betting market size was estimated at USD 17.94 billion in 2024 and is expected to grow to USD 19.76 billion in 2025. In 2024, sports betting revenue grew 25% to $13.78 billion. The US online sports betting market was valued at $14 billion in 2023 and is projected to reach $33 billion by 2032, with a CAGR of around 10.3% between 2024 and 2032.
U.S. iGaming Market
The iGaming market in the U.S. generated $10.74 billion in revenue in 2025. In December of the same year, iGaming surpassed $1 billion in monthly revenue, reaching $1.03 billion. In 2024, revenue from legal iGaming in seven states increased 28.7% to $8.4 billion.
AI Analysis | Feedback
Caesars Entertainment (CZR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Continued Expansion and Growth of Caesars Digital: The company is significantly investing in its online gaming, sports betting, and iGaming platforms to strengthen its digital presence and capitalize on the growing popularity of online gambling. Caesars Digital has demonstrated strong performance, with management targeting $500 million in digital EBITDA by 2026 or 2027. This growth is supported by strategic digital acquisitions, enhancement of digital platforms, and improved customer retention through technology upgrades.
- Property Enhancements and Modernization of Physical Assets: Caesars Entertainment is allocating substantial capital expenditures to renovate and upgrade its existing portfolio of properties, including hotels, casinos, and entertainment venues. These investments aim to modernize facilities, improve amenities, and enhance the overall guest experience to attract a wider customer base. Examples include renovations at properties in Las Vegas and regional casinos.
- Expansion into New Regulated Markets for Digital Offerings: The ongoing legalization of online sports betting and iGaming in new jurisdictions across the United States presents a significant opportunity for Caesars Digital to expand its reach and increase market share and revenue. The rollout of a universal digital wallet across more operational markets is also designed to provide seamless access for customers.
- Growth in Las Vegas Group and Convention Business: Despite some softness in leisure travel, strong group and convention bookings are anticipated to be a significant driver for the Las Vegas segment, offsetting other trends and contributing to revenue growth. The company expects group business to continue supporting Las Vegas performance through the first half of the year.
AI Analysis | Feedback
Share Repurchases
- Caesars Entertainment executed $140 million in share buybacks during the third quarter of 2024.
- From mid-2024 through Q4 2025, aggregate share repurchases amounted to $420 million for 14.7 million shares.
- The annual share buybacks were $191 million in 2024 and $229 million in 2025.
Share Issuance
- No significant share issuance for capital raising purposes was identified within the last 3-5 years.
Inbound Investments
- In April 2024, a new $425 million bank financing was secured at the joint venture level for the Danville property to cover its remaining capital expenditure requirements.
Outbound Investments
- Caesars Entertainment sold the international operations of William Hill in 2022.
- In July 2024, the company acquired ZeroFlucs, an Australia-based sports betting technology company.
- On July 10, 2023, Caesars completed the acquisition of the remaining 24.2% equity ownership in Horseshoe Baltimore for $66 million.
Capital Expenditures
- Capital expenditures totaled $1.3 billion in 2023, $952 million in 2022, and $520 million in 2021.
- Expected capital expenditures for 2024, excluding the Danville joint venture, were projected to be $800 million.
- For 2025, the budgeted cash capital expenditures, excluding the Danville joint venture, are approximately $600 million, with a gross CapEx running between $600 million to $650 million. The primary focus includes major renovations at Caesars Palace, the upcoming Tahoe master plan, and the rebranding of Cromwell. Capital expenditures are expected to decrease in 2026 following the completion of major growth projects in Virginia and New Orleans.
Latest Trefis Analyses
Trade Ideas
Select ideas related to CZR.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | FUN | Six Flags Entertainment | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.0% | 0.0% | 0.0% |
| 04242026 | MGM | MGM Resorts International | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -1.5% | -1.5% | -1.5% |
| 04242026 | WEN | Wendy's | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -2.5% | -2.5% | -5.3% |
| 04102026 | WHR | Whirlpool | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -0.8% | -0.8% | -4.8% |
| 04022026 | SKY | Champion Homes | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.1% | 3.1% | -1.2% |
| 10312023 | CZR | Caesars Entertainment | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -10.2% | 4.2% | -20.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 31.76 |
| Mkt Cap | 9.5 |
| Rev LTM | 9,428 |
| Op Inc LTM | 1,229 |
| FCF LTM | 631 |
| FCF 3Y Avg | 548 |
| CFO LTM | 1,330 |
| CFO 3Y Avg | 1,371 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.6% |
| Rev Chg 3Y Avg | 15.6% |
| Rev Chg Q | 7.8% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Inc Chg LTM | 20.4% |
| Op Inc Chg 3Y Avg | 59.2% |
| Op Mgn LTM | 11.9% |
| Op Mgn 3Y Avg | 13.2% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 13.0% |
| CFO/Rev 3Y Avg | 13.4% |
| FCF/Rev LTM | 8.9% |
| FCF/Rev 3Y Avg | 6.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.5 |
| P/S | 0.9 |
| P/Op Inc | 7.7 |
| P/EBIT | 9.2 |
| P/E | 22.1 |
| P/CFO | 5.7 |
| Total Yield | 1.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 4.8% |
| D/E | 2.3 |
| Net D/E | 2.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -2.8% |
| 3M Rtn | 9.1% |
| 6M Rtn | 0.8% |
| 12M Rtn | 1.7% |
| 3Y Rtn | -13.9% |
| 1M Excs Rtn | -8.0% |
| 3M Excs Rtn | -3.4% |
| 6M Excs Rtn | -10.8% |
| 12M Excs Rtn | -23.6% |
| 3Y Excs Rtn | -91.4% |
Comparison Analyses
Price Behavior
| Market Price | $27.50 | |
| Market Cap ($ Bil) | 5.6 | |
| First Trading Date | 09/22/2014 | |
| Distance from 52W High | -12.7% | |
| 50 Days | 200 Days | |
| DMA Price | $27.22 | $24.38 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 1.0% | 12.8% |
| 3M | 1YR | |
| Volatility | 61.7% | 52.9% |
| Downside Capture | -67.95 | 123.33 |
| Upside Capture | 90.05 | 81.81 |
| Correlation (SPY) | 9.1% | 26.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.38 | 0.37 | 0.55 | 0.82 | 1.25 | 1.61 |
| Up Beta | 0.79 | 0.66 | 0.41 | 0.48 | 1.48 | 1.64 |
| Down Beta | 2.82 | 2.82 | 3.15 | 2.10 | 1.92 | 1.63 |
| Up Capture | 33% | 4% | 53% | 105% | 67% | 221% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 12 | 22 | 33 | 63 | 119 | 356 |
| Down Capture | -375% | -86% | -79% | 10% | 106% | 111% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 10 | 21 | 30 | 61 | 130 | 391 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CZR | |
|---|---|---|---|---|
| CZR | -9.8% | 53.1% | -0.01 | - |
| Sector ETF (XLY) | 6.6% | 18.1% | 0.21 | 39.0% |
| Equity (SPY) | 25.0% | 12.1% | 1.55 | 26.4% |
| Gold (GLD) | 40.0% | 26.8% | 1.23 | -1.8% |
| Commodities (DBC) | 49.4% | 18.5% | 2.03 | 0.9% |
| Real Estate (VNQ) | 9.7% | 13.4% | 0.45 | 29.1% |
| Bitcoin (BTCUSD) | -25.6% | 41.9% | -0.59 | 18.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CZR | |
|---|---|---|---|---|
| CZR | -21.4% | 52.6% | -0.26 | - |
| Sector ETF (XLY) | 7.5% | 23.7% | 0.27 | 62.7% |
| Equity (SPY) | 14.2% | 17.0% | 0.65 | 60.1% |
| Gold (GLD) | 19.3% | 18.0% | 0.87 | 6.1% |
| Commodities (DBC) | 11.0% | 19.4% | 0.45 | 14.7% |
| Real Estate (VNQ) | 4.0% | 18.8% | 0.11 | 52.4% |
| Bitcoin (BTCUSD) | 9.4% | 55.6% | 0.38 | 26.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CZR | |
|---|---|---|---|---|
| CZR | 7.1% | 60.8% | 0.37 | - |
| Sector ETF (XLY) | 12.3% | 22.0% | 0.51 | 59.8% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 57.4% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 4.3% |
| Commodities (DBC) | 8.4% | 17.9% | 0.38 | 21.1% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 49.7% |
| Bitcoin (BTCUSD) | 67.2% | 66.9% | 1.06 | 18.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | 0.3% | 2.9% | |
| 2/17/2026 | 13.0% | 7.3% | 44.7% |
| 10/28/2025 | -15.2% | -9.4% | 3.8% |
| 7/29/2025 | -2.0% | -11.6% | -5.3% |
| 2/25/2025 | -0.9% | -11.9% | -20.8% |
| 10/29/2024 | -8.2% | -14.3% | -15.5% |
| 7/30/2024 | 8.3% | -6.3% | 0.5% |
| 4/30/2024 | 1.6% | 1.5% | -11.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 13 | 12 |
| # Negative | 13 | 10 | 10 |
| Median Positive | 2.2% | 4.4% | 14.4% |
| Median Negative | -1.9% | -8.6% | -11.7% |
| Max Positive | 13.0% | 34.8% | 93.3% |
| Max Negative | -15.2% | -25.0% | -23.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Free Cash Flow | |||||||
| 2026 Caesars Digital Net Revenue Growth | |||||||
| 2026 Caesars Digital Adjusted EBITDA Growth | |||||||
| 2026 Capital Expenditures | |||||||
| 2026 Cash Interest Expense | |||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Biumi, Bonnie | Direct | Buy | 11032025 | 18.69 | 1,000 | 18,688 | 612,580 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.