Skip to Content
Morningstar

Caesars Entertainment Inc CZR

Morningstar Rating
Unlock
Stock XNAS Rating as of
$38.14 −0.36 (0.94%)
View Full Chart
As of Cboe BZX Real-Time Price Open
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

DraftKings, Penn, MGM, Caesars: Sports Betting Share Dynamics Clearer Amid Recent Competition

Dan Wasiolek

Pennsylvania and Michigan released sports wagering and revenue data through February, including individual operator performance. The data supports our view that no-moat Penn is grabbing share at the hands of no-moat peers MGM and Caesars, while no-moat DraftKings adds to its leading position due to first mover and technology advantages. In fact, since launching ESPNBet in November, Penn has averaged a 4- and 7-percentage-point sports revenue share improvement over the prior year in Pennsylvania and Michigan, respectively, reaching a high-single-digit share of both markets and aligning with our forecast. Meanwhile, MGM’s share over the same time is lower by 3 and 5 percentage points; Caesars’ is flat and down 3 percentage points; and smaller competitors are collectively lower by 3 and 3 percentage points. Conversely, DraftKings’ share is up 7 and 11 percentage points.

Read Full Report

Price vs Fair Value

View History
CZR is trading within a range we consider fairly valued.
Price
$39.12
Fair Value
$93.00
Uncertainty
High
1-Star Price
$542.29
5-Star Price
$42.70
Economic Moat
Rtg
Capital Allocation
Krxxjjxgnc

Bulls Say, Bears Say

Bulls

Caesars' best-of-breed management has generated cost and revenue synergies from its merger with Eldorado.

Bears

Debt levels are elevated after the merger with Eldorado, which could elevate financing costs for future renovations and investment.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if CZR is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$38.50
Day Range
$37.35–38.33
52-Week Range
$37.35–60.25
Bid/Ask
$38.13 / $38.15
Market Cap
$8.28 Bil
Volume/Avg
2.2 Mil / 3.2 Mil

Key Statistics

Price/Earnings (Normalized)
93.00
Price/Sales
0.71
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
0.79%

Company Profile

Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah’s, Tropicana, Bally’s, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.
Sector
Consumer Cyclical
Industry
Resorts & Casinos
Stock Style Box
Small Value
Total Number of Employees
51,000
Website
https://www.caesars.com

Competitors

Valuation

View More
Metric
CZR
LVS
DKNG
Price/Earnings (Normalized)
 93.0019.67—
Price/Book Value
 1.808.6422.80
Price/Sales
 0.713.115.12
Price/Cash Flow
 4.3910.58—
Price/Earnings
CZR
LVS
DKNG

Financial Strength

Metric
CZR
LVS
DKNG
Quick Ratio
 0.601.261.05
Current Ratio
 0.761.311.34
Interest Coverage
 0.972.82−316.16
Quick Ratio
CZR
LVS
DKNG

Profitability

Metric
CZR
LVS
DKNG
Return on Assets (Normalized)
 3.43%8.04%−11.51%
Return on Equity (Normalized)
 27.28%42.17%−44.18%
Return on Invested Capital (Normalized)
 13.64%11.69%−20.84%
Return on Assets
CZR
LVS
DKNG
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Resorts & Casinos Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
LVS
Las Vegas Sands CorpGdfbtzhsgjVdtjs$34.3 Bil
GXYEF
Galaxy Entertainment Group Ltd—Bxcwczy$19.5 Bil
GXYYY
Galaxy Entertainment Group Ltd ADR—Zrvdxt$19.5 Bil
SCHYF
Sands China Ltd Shs Unitary 144A/Reg S—Tjjjdkf$19.1 Bil
SCHYY
Sands China Ltd ADR—Pmlyxk$19.1 Bil
MGM
MGM Resorts InternationalGkswynzyyVvw$13.5 Bil
WYNN
Wynn Resorts LtdYrjmhzbtVzfwwy$10.9 Bil
MLCO
Melco Resorts and Entertainment Ltd ADRYtycqkwGgwjr$2.8 Bil
PENN
PENN Entertainment IncDlpzhrsqYgwq$2.7 Bil

Sponsor Center