Hide

FocusBar

FeedbackFeedback
Subscribe to Premium Member
20.16 (1y: +102%)
Market Cap 1.19 B P/E(ttm)
Enterprise Value 2.53 B P/B 2.63
PNK- NYSE (USA)
Pinnacle Entertainment Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$20.16
Switch to:

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 : 4/10

vs
industry		 vs
history
Cash to Debt 0.074
PNK's Cash to Debt is ranked lower than
87% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.01 vs. PNK: 0.074 )
PNK' s 10-Year Cash to Debt Range
Min: 0.06   Max: 0.4
Current: 0.07
0.06
0.4
Equity to Asset 0.176
PNK's Equity to Asset is ranked lower than
78% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 0.48 vs. PNK: 0.176 )
PNK' s 10-Year Equity to Asset Range
Min: 0.15   Max: 0.43
Current: 0.18
0.15
0.43
Interest Coverage 1.4
PNK's Interest Coverage is ranked lower than
67% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 6.50 vs. PNK: 1.4 )
PNK' s 10-Year Interest Coverage Range
Min: 1   Max: 2
Current: 1.4
1
2
F-Score: 2
Z-Score: 0.25
M-Score: -2.95
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 (%) 10.60
PNK's Operating margin (%) is ranked higher than
62% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 7.50 vs. PNK: 10.60 )
PNK' s 10-Year Operating margin (%) Range
Min: -33.1   Max: 14.9
Current: 10.6
-33.1
14.9
Net-margin (%) -2.7
PNK's Net-margin (%) is ranked lower than
80% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 4.80 vs. PNK: -2.7 )
PNK' s 10-Year Net-margin (%) Range
Min: -30.9   Max: 13.1
Current: -2.7
-30.9
13.1
ROE (%) -7.1
PNK's ROE (%) is ranked lower than
86% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 4.50 vs. PNK: -7.1 )
PNK' s 10-Year ROE (%) Range
Min: -52.2   Max: 21.3
Current: -7.1
-52.2
21.3
ROA (%) -1.5
PNK's ROA (%) is ranked lower than
80% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 2.70 vs. PNK: -1.5 )
PNK' s 10-Year ROA (%) Range
Min: -16.8   Max: 8
Current: -1.5
-16.8
8
ROC (Joel Greenblatt) (%) 8.00
PNK's ROC (Joel Greenblatt) (%) is ranked higher than
50% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 7.90 vs. PNK: 8.00 )
PNK' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -22.9   Max: 21.5
Current: 8
-22.9
21.5
Revenue Growth (%) 2.9
PNK's Revenue Growth (%) is ranked higher than
64% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 0.00 vs. PNK: 2.9 )
PNK' s 10-Year Revenue Growth (%) Range
Min: -8   Max: 3.7
Current: 2.9
-8
3.7
EPS Growth (%) -41
PNK's EPS Growth (%) is ranked lower than
98% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 0.00 vs. PNK: -41 )
PNK' s 10-Year EPS Growth (%) Range
Min: -70.6   Max: 108.8
Current: -41
-70.6
108.8
» PNK's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

PNK Guru Trades in Q2 2012

John Burbank 11,489 sh (New)
Mario Gabelli 766,405 sh (+1.52%)
Jim Simons Sold Out
Steven Cohen Sold Out
Columbia Wanger 6,017,000 sh (-1.31%)
Paul Tudor Jones 17,800 sh (-49.29%)
» More
Q3 2012

PNK Guru Trades in Q3 2012

Steven Cohen 20,185 sh (New)
Columbia Wanger 6,043,000 sh (+0.43%)
Mario Gabelli 769,005 sh (+0.34%)
Paul Tudor Jones Sold Out
John Burbank Sold Out
» More
Q4 2012

PNK Guru Trades in Q4 2012

John Paulson 126,000 sh (New)
Steven Cohen 25,781 sh (+27.72%)
Columbia Wanger 6,043,000 sh (unchged)
Mario Gabelli 738,900 sh (-3.91%)
» More
Q1 2013

PNK Guru Trades in Q1 2013

Ron Baron 2,448,445 sh (New)
Paul Tudor Jones 16,400 sh (New)
John Paulson 126,000 sh (unchged)
Steven Cohen Sold Out
Columbia Wanger 5,949,000 sh (-1.56%)
Mario Gabelli 692,900 sh (-6.23%)
» More
» Details

Insider Trades

Latest Guru Trades with PNK

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2013-03-31 New Buy0.2%$13.4 - $16.68 $ 20.1634%2448445
John Paulson 2012-12-31 New Buy0.01%$11.31 - $16.2 $ 20.1659%126000
John Burbank 2012-09-30 Sold Out 0.0038%$9.02 - $12.43 $ 20.1689%0
John Burbank 2012-06-30 New Buy$9.07 - $11.78 $ 20.1695%11489
Joel Greenblatt 2012-03-31 Sold Out 0.05%$9.7 - $11.57 $ 20.16100%0
Joel Greenblatt 2011-12-31 New Buy0.05%$8.39 - $12.21 $ 20.1696%43746
George Soros 2011-12-31 Sold Out 0.0023%$8.39 - $12.21 $ 20.1696%0
George Soros 2011-09-30 New Buy$9.48 - $15.24 $ 20.1657%15100
George Soros 2011-06-30 Sold Out $12.51 - $14.66 $ 20.1648%0
Mario Gabelli 2011-03-31 Reduce -48.28%0.07%$11.9 - $15.33 $ 20.1646%708300
George Soros 2011-03-31 Add 101.67%$11.9 - $15.33 $ 20.1646%24200
George Soros 2010-12-31 New Buy$11.01 - $14.2 $ 20.1655%12000
Mario Gabelli 2010-09-30 Add 45.7%0.02%$8.72 - $11.53 $ 20.1692%1552300
George Soros 2010-09-30 Sold Out 0.01%$8.72 - $11.53 $ 20.1692%0
Mario Gabelli 2010-06-30 Reduce -51.56%0.03%$9.89 - $14.43 $ 20.1668%1065400
George Soros 2010-06-30 Add 107.8%0.01%$9.89 - $14.43 $ 20.1668%29300
George Soros 2010-03-31 New Buy$7.13 - $9.77 $ 20.16139%14100
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Pinnacle Entertainment Inc.

Baron Funds Comments on Pinnacle Entertainment Inc. - May 01, 2013

We initiated a position in Pinnacle Entertainment, Inc. (PNK) during the quarter. Pinnacle is a regional gaming company with casinos in Louisiana, Missouri and Indiana. It is in the process of acquiring Ameristar Casinos, which should be highly accretive for the company and increase its diversity of assets and cash flow. Assuming the Ameristar acquisition closes this year and that the company completes its $580 million Lake Charles casino and $200 million Ohio racetrack with slot machines in 2014, the combined entity can almost triple its earnings. Management has indicated it will use its cash flow to repay debt. This would add significant value given the leverage post acquisition. (David Baron)

From Baron Funds’ first quarter 2013 letter.


Check out Ron Baron latest stock trades

Top Ranked Articles about Pinnacle Entertainment Inc.

Baron Funds Comments on Pinnacle Entertainment Inc.
May 1, 2013
We initiated a position in Pinnacle Entertainment, Inc. (PNK) during the quarter. Pinnacle is a regional gaming company with casinos in Louisiana, Missouri and Indiana. It is in the process of acquiring Ameristar Casinos, which should be highly accretive for the company and increase its diversity of assets and cash flow. Assuming the Ameristar acquisition closes this year and that the company completes its $580 million Lake Charles casino and $200 million Ohio racetrack with slot machines in 2014, the combined entity can almost triple its earnings. Management has indicated it will use its cash flow to repay debt. This would add significant value given the leverage post acquisition. (David Baron) Read more...

Ratios

vs
industry		 vs
history
P/B 2.63
PNK's P/B is ranked lower than
71% of the 464 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.42 vs. PNK: 2.63 )
PNK' s 10-Year P/B Range
Min: 0.17   Max: 3.34
Current: 2.63
0.17
3.34
P/S 1.00
PNK's P/S is ranked higher than
63% of the 488 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.50 vs. PNK: 1.00 )
PNK' s 10-Year P/S Range
Min: 0.18   Max: 1.91
Current: 1
0.18
1.91
EV-to-EBIT 21.09
PNK's EV-to-EBIT is ranked lower than
61% of the 392 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 16.90 vs. PNK: 21.09 )
PNK' s 10-Year EV-to-EBIT Range
Min: 7.6   Max: 151.9
Current: 21.09
7.6
151.9
Shiller P/E 747.7
PNK's Shiller P/E is ranked lower than
100% of the Companies
in the Global Resorts & Casinos industry.

( Industry Median: vs. PNK: 747.7 )
PNK' s 10-Year Shiller P/E Range
Min: 96.67   Max: 1046
Current: 747.7
96.67
1046

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 3.2
PNK's Price/Tangible Book is ranked lower than
74% of the 421 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.70 vs. PNK: 3.2 )
PNK' s 10-Year Price/Tangible Book Range
Min: 0.7   Max: 2.9
Current: 3.2
0.7
2.9
Price/Median PS Value 1.5
PNK's Price/Median PS Value is ranked lower than
79% of the 456 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.10 vs. PNK: 1.5 )
PNK' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 2.8
Current: 1.5
0.5
2.8
Earnings Yield (Greenblatt) 4.70
PNK's Earnings Yield (Greenblatt) is ranked higher than
50% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 4.80 vs. PNK: 4.70 )
PNK' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 13.2
Current: 4.7
0.7
13.2
Forward Rate of Return (Yacktman) -9.08
PNK's Forward Rate of Return (Yacktman) is ranked lower than
89% of the 489 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 0.00 vs. PNK: -9.08 )
PNK' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -43.6   Max: 2.2
Current: -9.08
-43.6
2.2

Business Description

Pinnacle Entertainment, Inc., a Delaware corporation, is the successor to the Hollywood Park Turf Club, which was organized in 1938. It was incorporated in 1981 under the name Hollywood Park Realty Enterprises, Inc. In 1992, it changed its name to Hollywood Park, Inc. and in February 2000, it became Pinnacle Entertainment, Inc. The company is an owner, operator and developer of casinos and related hospitality and entertainment facilities. It operates casinos located in Lake Charles, New Orleans and Bossier City, Louisiana (L'Auberge Lake Charles, Boomtown New Orleans and Boomtown Bossier City), St. Louis, Missouri (River City Casino and Lumière Place Casino and Hotels), and southeastern Indiana. In addition, it owns and operates a racetrack facility in Cincinnati, Ohio. It has a casino project under construction in Baton Rouge, Louisiana, which is expected to open by Labor Day 2012. It operates casino properties, all of which include gaming and dining facilities, and some of which include hotel, retail and other amenities. In addition, it operates one racetrack. Its operating results are highly dependent on the volume of customers at its properties, which, in turn, affects the price it can charge for its hotel rooms and other amenities. The Company faces significant competition in each of the jurisdictions in which it operates. Such competition may intensify in some of these jurisdictions if new gaming operations open in these markets or existing competitors expand their operations. Its properties compete directly with other gaming properties in each state in which it operates, as well as in adjacent states. The Company businesses are subject to various federal, state and local laws and regulations in addition to gaming regulations.
Company Website
SEC Reports
Industry: Resorts & Casinos
Compare:LVS, SCHYY, GXYEY, WYNMF, SJMHF
» More Articles for PNK

Headlines

Articles On GuruFocus.com
Baron Funds Comments on Pinnacle Entertainment Inc. May 01 2013 
Weekly CFO Buys Highlight: PTSX, RSH, PNK, FNFG Aug 06 2012 
Weekly CEO Buys Highlight: SYMC, TDY, PNK, FNFG, OCR Aug 04 2012 
Weekly CEO Buys Highlight: UTHR, DENN, PNK, CTFO, AVII Dec 18 2011 
Weekly CEO Buys Highlight: KMI, VGR, SIRO, PNK, MASI Nov 27 2011 
Weekly CEO Buys Highlight: PNK, TAT, VITC, SUNS, KRO Nov 19 2011 
Weekly CEO Buys Highlight: NAVR, PNK, WHR, NCMI, VITC Nov 13 2011 
Weekly CEO Buys Highlight: RCL, CIT, PNK, EXE, UNIS Aug 27 2011 
Pinnacle Entertainment Inc. Reports Operating Results (10-K) Mar 01 2011 
Pinnacle Entertainment Inc. (PNK) Exec. Vice Pres. & CFO Stephen H Capp sells 5,737 Shares Dec 09 2010 

More From Our Partners
Benzinga's Top Downgrades May 24 2013 - BENZINGA

Personalized Checklist





Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial