Financials Caesars Entertainment, Inc.

Equities

CZR

US12769G1004

Casinos & Gaming

Market Closed - Nasdaq Other stock markets 16:00:00 2024-12-10 EST			5-day change	1st Jan Change
36.92 ^USD	+0.71%		-3.30%	-21.25%

11-25	Caesars Entertainment, Inc. Enters into A Fifth Amendment to Credit Agreement	CI
11-25	JMP Securities Adjusts Price Target on Caesars Entertainment to $57 From $59, Keeps Market Outperform Rating	MT

Projected Income Statement: Caesars Entertainment, Inc.

income-statement-evolution-chart CAESARS-ENTERTAINMENT-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,528	3,474	9,570	10,821	11,528	11,364	11,786	12,050
Change	-	37.41%	175.47%	13.07%	6.53%	-1.42%	3.71%	2.24%
EBITDA ¹	697.5	737	2,993	3,243	3,938	3,813	4,001	4,117
Change	-	5.67%	306.11%	8.35%	21.43%	-3.17%	4.93%	2.9%
EBIT ¹	410	-437	1,706	1,739	2,472	2,270	2,647	2,786
Change	-	-	-	1.93%	42.15%	-8.18%	16.64%	5.24%
Interest Paid ¹	-286.2	-1,174	-2,295	-2,265	-2,342	-2,381	-2,295	-2,223
Earnings before Tax (EBT) ¹	125	-1,632	-1,269	-565	-60	-152.6	346.4	553.3
Change	-	-	-22.24%	-55.48%	-89.38%	-154.26%	-	59.72%
Net income ¹	81	-1,757	-1,019	-899	786	-276	293.2	433.6
Change	-	-	-42%	-11.78%	-	-	-	47.92%
Announcement Date	2/26/20	2/25/21	2/22/22	2/21/23	2/20/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	592.1	473.1	126.5	1,377	1,497	1,699	2,502	2,685	2,591	2,292	2,821	2,887	2,821	2,830	2,879	2,994	2,825	2,742	2,830	2,874	2,887	2,886	2,937	3,016	3,065	2,903	2,946	3,024
Change	-	-20.11%	-73.27%	988.8%	8.71%	13.49%	47.26%	7.31%	-3.5%	-11.54%	23.08%	2.34%	-2.29%	0.32%	1.73%	3.99%	-5.64%	-2.94%	3.21%	1.55%	0.46%	-0.02%	1.74%	2.7%	1.63%	-5.3%	1.49%	2.64%
EBITDA ¹	154.4	102.5	-10.38	351	296	505	1,004	870	581	296	978	1,012	957	958	1,007	1,043	930	853	1,000	1,001	954.1	939.7	1,028	1,036	1,042	939.2	1,040	1,030
Change	-	-33.57%	-	-	-15.67%	70.61%	98.81%	-13.35%	-33.22%	-49.05%	230.41%	3.48%	-5.43%	0.1%	5.11%	3.57%	-10.83%	-8.28%	17.23%	0.1%	-4.68%	-1.51%	9.37%	0.78%	0.63%	-9.89%	10.71%	-0.97%
EBIT ¹	58.91	-123.2	-78.33	-152	-83	186	590	532	255	-10	602	659	488	603	609	724	536	485	506	644	605.9	594.2	672	688.2	702.4	625.3	707.3	716.7
Change	-	-	-36.41%	94.06%	-45.39%	-	217.2%	-9.83%	-52.07%	-	-	9.47%	-25.95%	23.57%	1%	18.88%	-25.97%	-9.51%	4.33%	27.27%	-5.92%	-1.94%	13.1%	2.41%	2.07%	-10.98%	13.12%	1.33%
Charge d'intérêts ¹	-69.04	-66.46	-68.14	-473	-566	-563	-576	-579	-561	-552	-559	-569	-585	-598	-	-581	-581	-590	-594	-596	-588.2	-585.8	-583	-576.6	-576.7	-571.3	-567.3	-565
Earnings before Tax (EBT) ¹	-8.134	-212.8	-133.7	-789	-496	-510	101	-317	-557	-558	88	61	-156	-185	26	139	-40	-127	-92	52	16.65	21.58	88.81	118.8	129.6	35.43	121.6	132.2
Change	-	2,516.3%	-37.19%	490.32%	-37.14%	2.82%	-	-	75.71%	0.18%	-	-30.68%	-	18.59%	-	434.62%	-	217.5%	-27.56%	-	-67.98%	29.63%	311.52%	33.78%	9.04%	-72.65%	243.27%	8.68%
Net income ¹	-13.22	-175.6	-100	-926	-555	-423	71	-233	-434	-680	-123	52	-148	-136	920	74	-72	-158	-122	-9	5.249	7.216	78.92	97.98	98.96	26.74	92.83	100.9
Change	-	1,228.68%	-43.07%	826.04%	-40.06%	-23.78%	-	-	86.27%	56.68%	-81.91%	-	-	-8.11%	-	-91.96%	-	119.44%	-22.78%	-92.62%	-	37.47%	993.6%	24.16%	1%	-72.98%	247.14%	8.71%
Announcement Date	2/26/20	5/11/20	8/6/20	11/5/20	2/25/21	5/4/21	8/3/21	11/2/21	2/22/22	5/3/22	8/2/22	11/1/22	2/21/23	5/2/23	8/1/23	10/31/23	2/20/24	4/30/24	7/30/24	10/29/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Caesars Entertainment, Inc.

balance-sheet-analysis-chart CAESARS-ENTERTAINMENT-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	3,300	24,677	25,146	12,047	11,434	11,209	9,927	8,286
Change	-	647.79%	1.9%	-52.09%	-5.09%	-1.97%	-11.44%	-16.53%
Announcement Date	2/26/20	2/25/21	2/22/22	2/21/23	2/20/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Caesars Entertainment, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	170.8	163	520	952	1,264	1,147	628.3	620.2
Change	-	-4.55%	219.02%	83.08%	32.77%	-9.22%	-45.24%	-1.3%
Free Cash Flow (FCF) ¹	141.8	-745	679	41	545	758.7	1,303	1,395
Change	-	-625.54%	-191.14%	-93.96%	1,229.27%	39.22%	71.67%	7.08%
Announcement Date	2/26/20	2/25/21	2/22/22	2/21/23	2/20/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Caesars Entertainment, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	27.59%	21.21%	31.27%	29.97%	34.16%	33.55%	33.95%	34.16%
EBIT Margin (%)	16.22%	-12.58%	17.83%	16.07%	21.44%	19.97%	22.46%	23.12%
EBT Margin (%)	4.94%	-46.98%	-13.26%	-5.22%	-0.52%	-1.34%	2.94%	4.59%
Net margin (%)	3.2%	-50.58%	-10.65%	-8.31%	6.82%	-2.43%	2.49%	3.6%
FCF margin (%)	5.61%	-21.45%	7.1%	0.38%	4.73%	6.68%	11.05%	11.57%
FCF / Net Income (%)	175.01%	42.4%	-66.63%	-4.56%	69.34%	-274.95%	444.33%	321.66%
Profitability
ROA	1.79%	-5.13%	-1.73%	-2.51%	2.35%	-0.2%	0.8%	1.7%
ROE	9.65%	-35.12%	-13.57%	-21.95%	26.3%	-5.41%	6.73%	8.09%
Financial Health
Leverage (Debt/EBITDA)	4.73x	33.48x	8.4x	3.71x	2.9x	2.94x	2.48x	2.01x
Debt / Free cash flow	23.28x	-33.12x	37.03x	293.83x	20.98x	14.77x	7.62x	5.94x
Capital Intensity
CAPEX / Current Assets (%)	6.75%	4.69%	5.43%	8.8%	10.96%	10.1%	5.33%	5.15%
CAPEX / EBITDA (%)	24.48%	22.12%	17.37%	29.36%	32.1%	30.09%	15.7%	15.06%
CAPEX / FCF (%)	120.46%	-21.88%	76.58%	2,321.95%	231.93%	151.24%	48.24%	44.46%
Items per share
Cash flow per share ¹	3.976	-4.476	5.682	4.64	8.375	4.317	6.38	4.178
Change	-	-212.56%	-226.95%	-18.35%	80.5%	-48.45%	47.78%	-34.51%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	14.4	24.11	20.96	17.35	21.07	21.38	22.71	29.6
Change	-	67.39%	-13.08%	-17.21%	21.46%	1.46%	6.2%	30.34%
EPS ¹	1.03	-13.5	-4.83	-4.19	3.64	-1.295	1.356	2.042
Change	-	-1,410.68%	-64.22%	-13.25%	-186.87%	-135.59%	-204.68%	50.61%
Nbr of stocks (in thousands)	77,546	208,277	213,774	214,566	215,711	212,480	212,480	212,480
Announcement Date	2/26/20	2/25/21	2/22/22	2/21/23	2/20/24	-	-	-