Bally's Corporation

Bally's Corporation

BALY·NYSE

$13.16

-2.7%
Consumer CyclicalGambling, Resorts & Casinos

Bally’s Corporation is a global casino-entertainment company with a growing omni-channel presence, currently owning and managing 15 casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and having access to OSB licenses in 18 states. The recent acquisition of Aspers Casino in Newcastle, UK, further expands its international footprint and enhances its diverse entertainment offerings. It also owns Bally’s Interactive International, formerly Gamesys Group, a leading, global, interactive gaming operator, Bally Bet, a first-in-class sports betting platform, and Bally Casino, a growing iCasino platform. With 10,600 employees, the Company’s casino operations include approximately 15,300 slot machines, 580 table games, and 3,800 hotel rooms. Bally’s also has rights to developable land in Las Vegas post the closure of the Tropicana. Upon completion of the announced merger with The Queen Casino & Entertainment Inc. (“Queen”), the above portfolio is expected to be supplemented with four additional casinos across three states, one of which will be an additional state that expands Bally’s jurisdiction of operations to include the state of Iowa. Queen will also add over 900 employees, and operations that currently include approximately 2,400 slot machines, 50 table games, and 150 hotel rooms to the Bally’s portfolio. Bally’s will also become the successor of Queen’s significant economic stake in a global lottery management and services business through its investment in Intralot S.A. (ATSE: INLOT).

At a Glance

Live Snapshot
Market Cap$544.33M
EPS-14.4500
P/E Ratio-0.91
Earnings Date07/30/2026
Bally's Corporation

Bally's Corporation Fair Value Envelope

BALY · NYSE

Our analysis suggests that BALY has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $13.16, this represents a potential HIDDEN relative to our calculated worth for Bally's Corporation.

Intrinsic Value
Current Price: $13.16

Owner Earnings Valuation Tool

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

Historical Financial Data

Base year metrics used for projections

$
%
$
%
$
$

Projection Settings

Forecast period and terminal assumptions

%
%

DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$110.3M
+ Cash & Equivalents$798.4M
Firm Value$688.1M
- Debt$6.4B
Equity Value-$5.7B
/ Shares Outstanding53,351,825B
DCF Value-$108
OVERVALUED BY 918%

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
-$45.6M
-$22.8M
-$11.4M
-$5.7M
-$2.9M
-$1.4M
-$712.5K
-$356.3K
-$178.1K
-$89.1K
Maintenance CapEx
-$18.4M
-$9.2M
-$4.6M
-$2.3M
-$1.2M
-$575.9K
-$288.0K
-$144.0K
-$72.0K
-$36.0K
Owner Earnings
-$64.0M
-$32.0M
-$16.0M
-$8.0M
-$4.0M
-$2.0M
-$1.0M
-$500.2K
-$250.1K
-$125.1K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$59.3M
-$27.4M
-$12.7M
-$5.9M
-$2.7M
-$1.3M
-$583.8K
-$270.3K
-$125.1K
-$57.9K
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.