Stocks / Consumer Discretionary · Hotels/Resorts

CZR

Caesars Entertainment CZR

Consumer Discretionary · Hotels/Resorts

$28.99−0.34% dayMon Nov 2 close

Outside our quality screen, so we don’t track its dips. It’s 5% below its 52-week high.

Outside our quality screen, trading well below our fair value estimate.

Outside our quality screen

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Fair value est.: $45.21+56%
Market Value: forming
Off 52-wk high: −5%
Risk vs market: Lowbeta 0.55

5 bullish · 5 bearish See why

Covered for reference — doesn’t pass our quality screen (market cap $5.9B, under our $20B floor; ROE under 12% and ROIC under 10%; net debt 7.3× EBITDA (limit 3×)). We show its price, Market Value and DCF, but it never appears in Dips, Top Picks or reversal signals. The screen

Repriced or dip?

Near its high

Within 10% of its 52-week high, so there is no dip to judge yet.

Data-based read, not advice.

Priced in

How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).

At the high ($30.41, Jun 25) the price assumed about −3%/yr free-cash-flow growth; at the low ($18.14, Feb 13) about −5%; today about −5%. The last 3 years delivered 130%/yr (free cash flow).

52-wk high$30.41−3%
52-wk low$18.14−5%
Now$28.99−5%

Dashed line: what the last 3 years delivered, 130%/yr (free cash flow)

	High	Low	Now
Price	$30.41Jun 25	$18.14Feb 13	$28.99
Implied growth	−3%	−5%	−5%
P/FCF	11.5×	9.9×	10.2×
EV/Sales	1.5×	1.3×	1.4×

What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.

How it’s computed

Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.

Valuation

What we estimate it's worth, and how it ranks on value vs every stock we cover.

Fair value estimate

How the range is computed

Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 3.0% ±2 points. Bear = 10.5% and 1.0%; bull = 8.5% and 5.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.

$45.21+56% vs price

Price $28.99

Bear$35.08

Base$45.21

Bull$59.99

Price is below even the bear case.

What the price implies To be worth today’s price, CZR’s free cash flow would need to shrink about 5% a year for five years; our estimate uses 3%.

Risk vs market

How risk vs market is measured

One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much CZR moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.

Low

Moves much less than the market, but its own price swings are 3.2× the S&P 500’s (it moves on its own news).

Beta vs S&P 500: 0.55
Volatility: 41% vs 13% SPY
Correlation SPY: 0.17
Correlation QQQ: 0.12

How it ranks

Where CZR stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.

Top quarter on 2 of 6 measures

Discount to fair value estimate56% · price below our base case
Top 20%of 1,314
Free cash flow yield9.8% · free cash flow vs market cap
Top 12%of 1,391
Dividends + buybacks yield0.8% · cash paid out or used to retire shares, vs market cap
Lowest 29%of 1,836
Revenue growth, last 12 months+3.1% · vs the 12 months before
Lowest 22%of 1,814
Operating margin15% · of sales kept as operating profit
Top 39%of 1,288
Return on invested capital10% · profit per dollar of capital
Lowest 49%of 838

From SEC filings and our fair value estimate model. A ranking, not advice.

Valuation details

DCF $45.21 · FCF value $95.81

How

Market ValueForming: thesis-changing filing on Oct 27, needs five trading days

forming

Fair value estimateDCF: ten years of free cash flow per share, discounted

$45.2156% upside

Assumes 3.0% growth for 5 years (revenue grew 2.0% a year FY22–FY25; floored at 3%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $2.85 a share (trailing 12 months to Sep 30, 2026), from the 10-Q filed Oct 27, 2026. Net debt $10.8B, not deducted.

FCF valuePrice at a 4% yield on trailing free cash flow ($0.8B)

$95.81price −70%

Fundamentals

The business itself: sales, profits, cash and debt, from SEC filings.

Bull vs bear

Rule-based from the data on this page, strongest first. Not advice.

Top bullish points 5 of 5

ValuationOur DCF fair value estimate is $45.21, 56% above the price.
ValuationFree-cash-flow yield of 9.8% (price / FCF 10.2×): $582M of free cash in the last 12 months.
Cash returnsFree cash flow grew 53% over the last 12 months vs the 12 months before.
ValuationEV/EBITDA of 5.2×: modest for what the business earns before interest, tax and depreciation.
ValuationPrice / book of 1.8×, below the 3.2× median for the 336 Consumer Discretionary companies we cover.

Top bearish points 5 of 5

Balance sheetOperating income covers interest only 0.8× over the last 12 months.
ProfitabilityLost $533M over the last 12 months (net income, SEC filings).
ProfitabilityReturn on equity fell 32 points in two fiscal years, to -14% in FY2025.
Balance sheetNet debt of $10.8B, 183% of the market cap (Sep 30, 2026).
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 7.3× EBITDA (limit 3×).

All fundamentals

FCF yield 9.8% · ROE -15% · Sales +3%

Valuation

P/E: n/aloss over the last 12 months
Price / FCF: 10.2×
FCF yield: 9.8%
EV / EBITDA: 5.2×
Price / sales: 0.50×
Price / book: 1.80×
Market cap: $5.9Bprice × diluted shares
Enterprise value: $16.7B

Growth

Revenue, 12 months: $11.7B
Sales growth, 12 months: +3.1%vs the 12 months before
Sales growth, 3 yrs: +2.0%/yrfrom FY2022
Diluted EPS, 12 months: −$2.61
EPS growth, last FY: n/afewer than two years of diluted EPS
Net income, 12 months: −$533M
Net income growth: n/anot reported in its SEC filings

Profitability

Gross margin: n/agross profit isn't reported (common for service and financial companies)
Operating margin: 15.4%
Net margin: −4.5%
FCF margin: 5.0%
Return on equity: −15%
Return on invested capital: 10%

Balance sheet

Cash & short-term inv.: $864M
Total debt: $11.7B
Net cash: −$10.8B
Debt / equity: 3.56×
Interest coverage: 0.8×operating income / interest

Cash flow & returns

Free cash flow, 12 months: $582M
FCF growth, 12 months: +53%
Dividend yield: 0%
Payout ratio: n/anot reported in its SEC filings
Buybacks, 12 months: $50M0.8% of market cap
Share count, 1 year: −1.4%diluted shares vs a year ago
Stock-based comp: $93M

Trailing 12 months to Sep 30, 2026; balance sheet at Sep 30, 2026. From Caesars Entertainment’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.

The business

FCF $0.8B · Sales +2%

Free cash flow, 12 months$0.8B
Free-cash-flow yield9.8%
Free-cash-flow margin7%
Gross margin50%
Operating margin16%
Return on invested capital5%
Return on equity−13%
Sales growth (latest quarter vs year-ago quarter)+2%
Net debt / EBITDA7.3×

Chart & levels

Where the price is vs its key levels and trends.

Fair value est.Drag across the chart to see any day

Key levels

Every level vs today’s $28.99

52-wk lowlowest close, 1 year$18.14−37.4%
PriceMon Nov 2 close$28.99you are here
52-wk highhighest close, 1 year$30.41+4.9%
Fair value est.base case$45.21+55.9%

Momentum & 52-week range

RSI 45 · 5 days 0.0%

$28.99now

52-wk low $18.14high $30.41

Off 52-wk high−4.7%

5 days0.0%

vs 50-day avg−1.6%

vs 200-day avg+4.8%

RSI (14), last close45

Market cap$6B

Signals

Reversal signal setups, the public ledger and the next earnings date.

Setup & signals

No setup armed

All setups

No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.

CZR is outside our quality screen

One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.

Voices & buzz

Who is talking about it, and how it compares with peers.

Who’s talking about it

Notable investors, executives, analysts and public figures on Caesars Entertainment in the last 48 hours. Headlines as published, each linked. Their words, not ours.

No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.

Compare with peers

Closest in size in Hotels/Resorts

CompanyPrice1 yearvs fair valueP/EMkt cap

WHWyndham Hotels & Resorts$78.53+4.4%+7%−10%28.9×$6B BYDBoyd Gaming$77.04+5.8%−1%n/a10.8×$5B RRRRed Rock Resorts$51.54+4.9%−3%+23%32.0×$5B CHHChoice Hotels International$118.61+6.7%+28%−52%26.0×$5B MGMMGM Resorts International$30.56+2.0%−5%n/a11.1×$7B ATATAtour Lifestyle$33.82+4.0%−13%+87%19.4×$5B

Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.