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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry
vs
history
Cash-to-Debt 0.05
PENN's Cash-to-Debt is ranked lower than
91% of the 801 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 0.78 vs. PENN: 0.05 )
Ranked among companies with meaningful Cash-to-Debt only.
PENN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04  Med: 0.09 Max: 0.31
Current: 0.05
0.04
0.31
Equity-to-Asset -0.11
PENN's Equity-to-Asset is ranked lower than
97% of the 783 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 0.54 vs. PENN: -0.11 )
Ranked among companies with meaningful Equity-to-Asset only.
PENN' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.15  Med: 0.24 Max: 0.43
Current: -0.11
-0.15
0.43
Interest Coverage 1.18
PENN's Interest Coverage is ranked lower than
91% of the 836 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 13.78 vs. PENN: 1.18 )
Ranked among companies with meaningful Interest Coverage only.
PENN' s Interest Coverage Range Over the Past 10 Years
Min: 0.6  Med: 1.18 Max: 5.02
Current: 1.18
0.6
5.02
Piotroski F-Score: 6
Altman Z-Score: 0.71
Beneish M-Score: -2.44
WACC vs ROIC
6.59%
10.89%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating Margin % 17.90
PENN's Operating Margin % is ranked higher than
77% of the 796 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 7.65 vs. PENN: 17.90 )
Ranked among companies with meaningful Operating Margin % only.
PENN' s Operating Margin % Range Over the Past 10 Years
Min: -15.26  Med: 12.36 Max: 20.43
Current: 17.9
-15.26
20.43
Net Margin % 3.60
PENN's Net Margin % is ranked lower than
56% of the 796 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 4.84 vs. PENN: 3.60 )
Ranked among companies with meaningful Net Margin % only.
PENN' s Net Margin % Range Over the Past 10 Years
Min: -20.92  Med: -1.2 Max: 8.84
Current: 3.6
-20.92
8.84
ROA % 2.13
PENN's ROA % is ranked lower than
53% of the 806 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 2.44 vs. PENN: 2.13 )
Ranked among companies with meaningful ROA % only.
PENN' s ROA % Range Over the Past 10 Years
Min: -11.5  Med: -0.65 Max: 5.34
Current: 2.13
-11.5
5.34
ROC (Joel Greenblatt) % 20.03
PENN's ROC (Joel Greenblatt) % is ranked higher than
68% of the 799 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 9.30 vs. PENN: 20.03 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
PENN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -17.78  Med: 13.37 Max: 32.11
Current: 20.03
-17.78
32.11
3-Year Revenue Growth Rate -2.30
PENN's 3-Year Revenue Growth Rate is ranked lower than
68% of the 706 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 2.70 vs. PENN: -2.30 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
PENN' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -5.1  Med: 19.4 Max: 48.2
Current: -2.3
-5.1
48.2
GuruFocus has detected 6 Warning Signs with Penn National Gaming Inc $PENN.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» PENN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

PENN Guru Trades in Q1 2016

RS Investment Management 40,039 sh (New)
Paul Tudor Jones 25,300 sh (New)
Jim Simons 1,946,100 sh (+34.76%)
Ron Baron 7,817,941 sh (+1.56%)
Steven Cohen Sold Out
Mario Gabelli 20,000 sh (-4.76%)
Murray Stahl 34,358 sh (-10.93%)
Jeremy Grantham 23,000 sh (-30.51%)
» More
Q2 2016

PENN Guru Trades in Q2 2016

Joel Greenblatt 427,587 sh (New)
RS Investment Management 1,663,114 sh (+4053.74%)
Paul Tudor Jones 31,900 sh (+26.09%)
Jim Simons 2,429,600 sh (+24.84%)
Mario Gabelli 20,000 sh (unchged)
Jeremy Grantham Sold Out
Ron Baron 7,436,143 sh (-4.88%)
Murray Stahl 29,164 sh (-15.12%)
» More
Q3 2016

PENN Guru Trades in Q3 2016

Barrow, Hanley, Mewhinney & Strauss 147,553 sh (New)
Steven Cohen 545,700 sh (New)
Murray Stahl 31,806 sh (+9.06%)
Mario Gabelli 20,000 sh (unchged)
Joel Greenblatt Sold Out
Ron Baron 7,155,983 sh (-3.77%)
Jim Simons 1,938,000 sh (-20.23%)
Paul Tudor Jones 21,000 sh (-34.17%)
» More
Q4 2016

PENN Guru Trades in Q4 2016

Caxton Associates 25,000 sh (New)
Barrow, Hanley, Mewhinney & Strauss 147,553 sh (unchged)
Mario Gabelli 20,000 sh (unchged)
Steven Cohen Sold Out
Ron Baron 6,747,296 sh (-5.71%)
Murray Stahl 29,293 sh (-7.90%)
Paul Tudor Jones 12,500 sh (-40.48%)
Jim Simons 718,400 sh (-62.93%)
» More
» Details

Insider Trades

Latest Guru Trades with PENN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Travel & Leisure » Resorts & Casinos    NAICS: 721120    SIC: 7999
Compare: » details
Traded in other countries:PN1.Germany,
Penn National Gaming Inc along with its subsidiaries, is a diversified, multi-jurisdictional owner and manager of gaming and pari-mutuel properties.

Penn National Gaming is the second- largest operator of regional casinos in the U.S., with over $2.4 billion in revenue and over 20 properties in 14 states and Canada. The company was one of the pioneers of the ""racino"" business model, combining casino operations and race track operations. Its West Virginia racino generated 20% of consolidated revenue and EBITDA in 2010. Penn has three new development projects slated to open in 2012: Two casinos in Ohio, and a joint venture with International Speedway to open a casino at the Kansas Speedway.

Guru Investment Theses on Penn National Gaming Inc

Baron Funds Comments on Penn National Gaming - Aug 17, 2016

Penn National Gaming, Inc. (NASDAQ:PENN), the largest operator of regional casinos, fell in the quarter over concerns about subdued consumer spending and the company’s leveraged balance sheet. The company’s results have been quite strong, and the new projects they have opened recently in Kansas, Ohio, and Massachusetts have ramped up nicely and are earning good returns. We believe that the stock trades at a significant (one-third) discount to its asset value and that its balance sheet will improve materially from free cash flow generation and the repayment of loans advanced to an Indian tribe to build a new casino, which the company will manage going forward.





From Baron Funds' Small Cap Fund second quarter 2016 shareholder letter.



Check out Ron Baron latest stock trades

Top Ranked Articles about Penn National Gaming Inc

Baron Funds Comments on Penn National Gaming Guru stock highlight
Penn National Gaming, Inc. (NASDAQ:PENN), the largest operator of regional casinos, fell in the quarter over concerns about subdued consumer spending and the company’s leveraged balance sheet. The company’s results have been quite strong, and the new projects they have opened recently in Kansas, Ohio, and Massachusetts have ramped up nicely and are earning good returns. We believe that the stock trades at a significant (one-third) discount to its asset value and that its balance sheet will improve materially from free cash flow generation and the repayment of loans advanced to an Indian tribe to build a new casino, which the company will manage going forward. Read more...

Ratios

vs
industry
vs
history
PE Ratio 15.40
PENN's PE Ratio is ranked higher than
74% of the 807 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 22.37 vs. PENN: 15.40 )
Ranked among companies with meaningful PE Ratio only.
PENN' s PE Ratio Range Over the Past 10 Years
Min: 0.98  Med: 5.41 Max: 72.42
Current: 15.4
0.98
72.42
Forward PE Ratio 52.08
PENN's Forward PE Ratio is ranked lower than
98% of the 204 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 17.89 vs. PENN: 52.08 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 15.40
PENN's PE Ratio without NRI is ranked higher than
72% of the 698 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 22.19 vs. PENN: 15.40 )
Ranked among companies with meaningful PE Ratio without NRI only.
PENN' s PE Ratio without NRI Range Over the Past 10 Years
Min: 0.98  Med: 5.65 Max: 72.42
Current: 15.4
0.98
72.42
Price-to-Owner-Earnings 9.40
PENN's Price-to-Owner-Earnings is ranked higher than
81% of the 403 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 20.07 vs. PENN: 9.40 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
PENN' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.29  Med: 6.67 Max: 87.96
Current: 9.4
1.29
87.96
PS Ratio 0.53
PENN's PS Ratio is ranked higher than
90% of the 967 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.79 vs. PENN: 0.53 )
Ranked among companies with meaningful PS Ratio only.
PENN' s PS Ratio Range Over the Past 10 Years
Min: 0.1  Med: 0.38 Max: 0.6
Current: 0.53
0.1
0.6
Price-to-Free-Cash-Flow 5.29
PENN's Price-to-Free-Cash-Flow is ranked higher than
88% of the 481 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 18.75 vs. PENN: 5.29 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
PENN' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 2.38  Med: 6.95 Max: 99.05
Current: 5.29
2.38
99.05
Price-to-Operating-Cash-Flow 4.04
PENN's Price-to-Operating-Cash-Flow is ranked higher than
89% of the 626 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 11.17 vs. PENN: 4.04 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
PENN' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.56  Med: 2.36 Max: 5.14
Current: 4.04
0.56
5.14
EV-to-EBIT 10.99
PENN's EV-to-EBIT is ranked higher than
75% of the 911 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 16.94 vs. PENN: 10.99 )
Ranked among companies with meaningful EV-to-EBIT only.
PENN' s EV-to-EBIT Range Over the Past 10 Years
Min: -17  Med: 8.2 Max: 31.6
Current: 10.99
-17
31.6
EV-to-EBITDA 7.49
PENN's EV-to-EBITDA is ranked higher than
78% of the 974 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 11.62 vs. PENN: 7.49 )
Ranked among companies with meaningful EV-to-EBITDA only.
PENN' s EV-to-EBITDA Range Over the Past 10 Years
Min: -341.9  Med: 5.5 Max: 1392.9
Current: 7.49
-341.9
1392.9
Current Ratio 0.74
PENN's Current Ratio is ranked lower than
77% of the 749 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.36 vs. PENN: 0.74 )
Ranked among companies with meaningful Current Ratio only.
PENN' s Current Ratio Range Over the Past 10 Years
Min: 0.61  Med: 0.98 Max: 2.16
Current: 0.74
0.61
2.16
Quick Ratio 0.74
PENN's Quick Ratio is ranked lower than
72% of the 749 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.19 vs. PENN: 0.74 )
Ranked among companies with meaningful Quick Ratio only.
PENN' s Quick Ratio Range Over the Past 10 Years
Min: 0.61  Med: 0.98 Max: 2.16
Current: 0.74
0.61
2.16
Days Sales Outstanding 7.44
PENN's Days Sales Outstanding is ranked higher than
84% of the 591 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 26.95 vs. PENN: 7.44 )
Ranked among companies with meaningful Days Sales Outstanding only.
PENN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 5.81  Med: 7.05 Max: 8.45
Current: 7.44
5.81
8.45
Days Payable 7.37
PENN's Days Payable is ranked lower than
92% of the 491 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 48.43 vs. PENN: 7.37 )
Ranked among companies with meaningful Days Payable only.
PENN' s Days Payable Range Over the Past 10 Years
Min: 4.31  Med: 8.18 Max: 16.39
Current: 7.37
4.31
16.39

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -5.40
PENN's 3-Year Average Share Buyback Ratio is ranked lower than
71% of the 437 Companies
in the Global Resorts & Casinos industry.

( Industry Median: -1.80 vs. PENN: -5.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
PENN' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -9.8  Med: -1.5 Max: 3.4
Current: -5.4
-9.8
3.4

Valuation & Return

vs
industry
vs
history
Price-to-Intrinsic-Value-Projected-FCF 1.48
PENN's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
52% of the 513 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.53 vs. PENN: 1.48 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
PENN' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.18  Med: 0.52 Max: 5.52
Current: 1.48
0.18
5.52
Price-to-Median-PS-Value 1.44
PENN's Price-to-Median-PS-Value is ranked lower than
72% of the 841 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.07 vs. PENN: 1.44 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
PENN' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.33  Med: 0.87 Max: 1.45
Current: 1.44
0.33
1.45
Earnings Yield (Greenblatt) % 9.10
PENN's Earnings Yield (Greenblatt) % is ranked higher than
79% of the 1112 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 4.78 vs. PENN: 9.10 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
PENN' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 3.2  Med: 11.2 Max: 25.2
Current: 9.1
3.2
25.2
Forward Rate of Return (Yacktman) % 10.98
PENN's Forward Rate of Return (Yacktman) % is ranked higher than
61% of the 422 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 7.23 vs. PENN: 10.98 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
PENN' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 1.9  Med: 12.3 Max: 49.7
Current: 10.98
1.9
49.7

More Statistics

Revenue (TTM) (Mil) $3,034
EPS (TTM) $ 1.19
Beta1.60
Short Percentage of Float8.47%
52-Week Range $11.93 - 17.40
Shares Outstanding (Mil)90.89

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 3,027 3,078
EPS ($) 0.34 0.72
EPS without NRI ($) 0.34 0.72
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for PENN

Headlines

Articles On GuruFocus.com
Baron Funds Comments on Penn National Gaming Aug 17 2016 
Baron Small Cap Fund's 1st-Quarter Letter Apr 30 2016 
Is Las Vegas Sands The Right Stock To Invest In? Jan 23 2015 
Four CEOs Reporting Large Insider Buys May 09 2014 
Baron Funds Comments on Penn National Gaming Feb 21 2014 
Why This Motorsport Giant Might Be Tricky Business Feb 06 2014 
Ron Baron Continued - Opportunities Everywhere, Response to Marc Faber Nov 08 2013 
Ron Baron on Penn National Gaming and Seeing Accelerated Economic Growth Nov 08 2013 
Baron Funds Comments on Penn National Gaming Feb 06 2013 
Baron Funds Comments on Penn National Gaming Inc. Dec 06 2012 

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PENN NATIONAL GAMING INC Files SEC form 8-K, Results of Operations and Financial Condition,... Feb 03 2017
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