PENN

PENN Entertainment, Inc.

$14.96

+1.70% 2026-10-20

Consumer DiscretionaryS&P 600

1M 3M 6M 1Y 2Y

PENNSPY

-2.7%

-9.1%

-29.5%

-3.3%

YTD

+1.4%

-12.1%

Live chart

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Grades vs sector

Momentum

38th pct in sector

C-

12-1 return: -11.0%
Percentile within its GICS sector across the S&P 1500.

Growth

56th pct in sector

B-

Revenue growth (YoY): +5.2%
Percentile within its GICS sector across the S&P 1500.

Value

46th pct in sector

Forward E/P: 8.0% · EBITDA/EV: 7.2%
Percentile within its GICS sector across the S&P 1500.

Profitability

2nd pct in sector

Profit margin: -12.7% · Return on equity: -37.6%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

not ranked (outside this model's universe or screens)

Momentum Top 15

not ranked (outside this model's universe or screens)

Momentum Blend

not in the current book

New Highs Growth

not ranked (outside this model's universe or screens)

Conviction 20

not in the current book

News

More news

Will PENN Entertainment (PENN) Beat Estimates Again in Its Next Earnings Report?

Zacks · 14h ago

BofA Adjusts Price Target on PENN Entertainment to $19 From $21.50, Keeps Neutral Rating

MT Newswires · Oct 19

Why Are Investors Paying So Little For DraftKings Stock’s Cash?

Trefis · Oct 15

Foreclosure Suit Filed At Stalled Penn Plaza Life Sciences Project

Bisnow · Oct 14

Is DraftKings Stock A Buy Today As Prediction Markets Grow?

Trefis · Oct 14

Key stats

Market cap$2.0B

P/E (trailing)–

P/E (forward)11.5

52-week range11.65 – 22.36

Revenue growth (YoY, latest qtr)+5.2%

Dividend yield0.00%

Analyst consensusBuy (19)

Mean price target$23.63 (+58%)

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Leans undervalued

Model read-out from the numbers below, not advice. Score +2 (DCF counts double).

▲DCF (base case)above the price by 41%

•Forward P/E vs sector11.5x vs median 13.4x

•Piotroski F-score4/9

▼Altman Z0.3 (distress)

▲Analyst target+58% (19 analysts)

Discounted cash flow

Bear

$10

-36%

growth -1% · disc. 12.2% · term. 2.0%

Base

$21

+41%

growth 4% · disc. 11.2% · term. 2.5%

Bull

$35

+135%

growth 7% · disc. 10.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 1% a year for 10 years.

Implied

+1%/yr

FCF, last 3 yrs

-6%/yr

FCF, last 5 yrs

+20%/yr

Revenue, last 3 yrs

+3%/yr

Revenue, last 5 yrs

+14%/yr

Same inputs as the DCF above: trailing free cash flow 0.4B, 11.2% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.39 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Consumer Discretionary

P/E (trailing)

sector median 17.7×

–

Forward P/E

sector median 13.4× · 36th pct

11.5×
cheaper

EV / EBITDA

sector median 11.3×

–

Price / sales

sector median 1.2× · 10th pct

0.3×
cheaper

Price / book

sector median 2.8× · 16th pct

1.1×
cheaper

FCF yield

sector median 6.6% · 91st pct

18.4%
cheaper

Forward EPS $1.30 vs trailing $-6.43. Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$21.4M

as of 2018-09-30

vs a year ago

–

YoY

× TTM revenue

0.00×

coverage

18-09

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

–

Operating margin

-7.9%

FCF margin

5.2%

Net margin

-12.7%

Return on equity

-48.7%

Return on invested capital

-11.9%

Net debt / EBITDA

–

Current ratio

0.9×

Interest cover

-1.3×

Cash conversion (OCF/NI)

–

Piotroski F-score 4/9 · last two fiscal years

✗ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score 0.3 (distress zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$24

+58%

Analysts

Buy

Range

$17–$28

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$7.0B	$-843.1M	$508.2M
2024	$6.6B	$-311.5M	$359.3M
2023	$6.4B	$-490.0M	$455.9M
2022	$6.4B	$222.1M	$614.8M
2021	$5.9B	$420.8M	$652.0M
2020	$3.6B	$-669.5M	$201.8M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +2.8%.

Earnings

Next report: 2026-11-05 · before open · EPS est 0.09

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-06	0.26	0.44	+66.9%
2026-04-23	-0.01	0.11	+1303.5%
2026-02-26	-0.16	0.07	+143.8%
2025-11-06	-0.03	-0.22	-633.3%
2025-08-07	0.01	0.10	+1399.2%
2025-05-08	-0.13	-0.25	-92.3%
2025-02-27	-0.37	-0.44	-17.6%
2024-11-07	-0.22	-0.25	-11.9%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$1.9B	+5.2%
2026-03-31	$1.8B	–
2025-12-31	$1.8B	–
2025-09-30	$1.7B	–
2025-06-30	$1.8B	–

Analyst actions

JP Morgan

2026-10-20 · main

Overweight → Overweight
PT $24

Morgan Stanley

2026-10-19 · main

Equal-Weight → Equal-Weight
PT $18

Susquehanna

2026-10-19 · main

Positive → Positive
PT $26

Wells Fargo

2026-10-19 · main

Equal-Weight → Equal-Weight
PT $22

Citigroup

2026-10-12 · main

Neutral → Neutral
PT $17

Barclays

2026-10-09 · main

Overweight → Overweight
PT $27

Insider trades

None

None · None

SELL
–

Stats refreshed 2026-10-20 18:03:22 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

coteau

Coteau Systematic Strategies publishes stock research and model portfolios. It doesn't manage money or give investment advice. Results are hypothetical unless marked Live. Data: Yahoo Finance (delayed) and SEC EDGAR.

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