PENN Entertainment, Inc.

PENN Entertainment, Inc.

PENNยทNASDAQ

$19.65

-2.9%
Consumer CyclicalGambling, Resorts & Casinos

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

At a Glance

Live Snapshot
Market Cap$2.63B
EPS-5.8300
P/E Ratio-3.37
Earnings Date08/06/2026
PENN Entertainment, Inc.

PENN Entertainment, Inc. Fair Value Envelope

PENN ยท NASDAQ

Our analysis suggests that PENN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $19.65, this represents a potential HIDDEN relative to our calculated worth for PENN Entertainment, Inc..

Intrinsic Value
Current Price: $19.65

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$2.1B
+ Cash & Equivalents$686.6M
Firm Value$2.8B
- Debt$8.4B
Equity Value-$5.6B
/ Shares Outstanding149,173,657B
DCF Value-$37
OVERVALUED BY 290%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$441.9M
$384.2M
$334.1M
$290.5M
$252.6M
$219.7M
$191.0M
$166.1M
$144.4M
$125.6M
Maintenance CapEx
-$112.6M
-$97.9M
-$85.2M
-$74.1M
-$64.4M
-$56.0M
-$48.7M
-$42.3M
-$36.8M
-$32.0M
Owner Earnings
$329.3M
$286.3M
$248.9M
$216.5M
$188.2M
$163.7M
$142.3M
$123.7M
$107.6M
$93.6M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$304.9M
$245.5M
$197.6M
$159.1M
$128.1M
$103.1M
$83.0M
$66.9M
$53.8M
$43.3M
Terminal Value represents 34.7% of Enterprise Value