Canterbury Park Financials

CPHC Stock  USD 23.14  0.29  1.24%   
Based on the analysis of Canterbury Park's profitability, liquidity, and operating efficiency, Canterbury Park Holding is performing exceptionally good at the present time. It has a great chance to report excellent financial results in April. At present, Canterbury Park's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Retained Earnings is expected to grow to about 57.1 M, whereas Other Current Liabilities is forecasted to decline to about 4.5 M. Key indicators impacting Canterbury Park's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio7.0E-48.0E-4
Notably Down
Slightly volatile
Current Ratio3.443.2758
Sufficiently Up
Slightly volatile
The financial analysis of Canterbury Park is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Canterbury Park includes many different criteria found on its balance sheet. For example, investors should never minimize Canterbury Park's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Canterbury Park's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Canterbury Park.

Net Income

11.09 Million

With this module, you can analyze Canterbury financials for your investing period. You should be able to track the changes in Canterbury Park individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Canterbury Park Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Canterbury Park's financial statements are interrelated, with each one affecting the others. For example, an increase in Canterbury Park's assets may result in an increase in income on the income statement.
Evaluating Canterbury Park's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Canterbury Park's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Canterbury Park's relative financial performance

Chance Of Distress

Less than 1

 
100  
 
Zero
Very Small
Canterbury Park Holding has less than 1 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Canterbury Park stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Canterbury Park's odds of distress score SHOULD NOT be confused with the real chance of Canterbury Park Holding filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Canterbury is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Canterbury Park's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Canterbury Park's official financial statements usually reflect Canterbury Park's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Canterbury Park Holding. For example, before you start analyzing numbers published by Canterbury accountants, it's critical to develop an understanding of what Canterbury Park's liquidity, profitability, and earnings quality are in the context of the Hotels, Restaurants & Leisure space in which it operates.
Please note, the presentation of Canterbury Park's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Canterbury Park's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Canterbury Park's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Canterbury Park Holding. Please utilize our Beneish M Score to check the likelihood of Canterbury Park's management manipulating its earnings.

Canterbury Park Company Summary

Canterbury Park competes with Hyatt Hotels, Smart Share, Wyndham Hotels, and WW International. Canterbury Park Holding Corporation, through its subsidiaries, engages in horse racing, card casino, food and beverage, and real estate development businesses. Canterbury Park Holding Corporation was founded in 1994 and is based in Shakopee, Minnesota. Canterbury Park operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 237 people.
Specialization
Consumer Discretionary, Consumer Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS13811E1010
CUSIP13811E101
LocationMinnesota; U.S.A
Business Address1100 Canterbury Road,
SectorHotels, Restaurants & Leisure
IndustryConsumer Discretionary
BenchmarkNYSE Composite
Websitewww.canterburypark.com
Phone952 445 7223
CurrencyUSD - US Dollar
You should never invest in Canterbury Park without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Canterbury Stock, because this is throwing your money away. Analyzing the key information contained in Canterbury Park's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Canterbury Park Key Financial Ratios

Generally speaking, Canterbury Park's financial ratios allow both analysts and investors to convert raw data from Canterbury Park's financial statements into concise, actionable information that can be used to evaluate the performance of Canterbury Park over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Canterbury Park Holding reports annually and quarterly.

Canterbury Park Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets65.4M68.8M83.1M92.3M105.0M110.2M
Other Current Liab6.4M6.7M6.7M6.6M6.2M4.5M
Net Debt(184.3K)233.7K(11.8M)(13.0M)(25.8M)(24.5M)
Retained Earnings26.6M27.6M39.4M45.2M54.4M57.1M
Accounts Payable3.5M3.0M2.3M3.4M4.6M2.4M
Cash355.4K(116.8K)11.9M13.0M25.8M27.1M
Net Receivables302.0K4.3M8.0M8.8M4.6M4.8M
Other Current Assets2.8M5.1M4.3M11.8K645.4K613.2K
Total Liab16.0M17.5M18.7M21.1M23.2M24.3M
Total Current Assets4.0M9.5M24.4M30.7M36.3M38.1M
Inventory390.1K218.8K248.4K262.1K249.4K207.6K
Short Term Debt54.3K48.0K49.8K19.0K27.0K25.6K
Other Assets23.7M59.3517.9M18.2M163.2K155.0K
Common Stock46.4K47.5K48.1K48.9K49.6K46.1K
Other Liab4.4M7.3M8.9M10.7M12.3M12.9M
Net Tangible Assets49.4M51.3M64.4M71.2M81.9M49.8M
Capital Surpluse21.4M22.7M23.6M25.9M29.8M23.6M

Canterbury Park Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Canterbury Park's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense225.3K345.4K905.7K907.1K1.0M1.1M
Total Revenue59.2M33.1M60.4M66.8M61.4M47.3M
Gross Profit45.8M25.5M47.9M52.9M20.2M32.2M
Operating Income3.6M(1.7M)17.8M10.9M5.2M3.8M
Ebit3.6M(1.7M)17.8M10.9M5.2M3.3M
Ebitda6.4M(1.3M)20.1M14.2M8.3M5.2M
Cost Of Revenue13.4M7.6M12.5M13.9M41.3M43.3M
Net Income2.7M1.1M11.8M7.5M10.6M11.1M
Income Tax Expense1.2M(1.3M)4.0M2.7M4.4M4.6M
Income Before Tax4.0M(188.8K)15.8M10.2M15.0M15.7M
Tax Provision1.2M(1.3M)4.0M2.7M4.4M2.3M
Interest Income326.8K663.6K719.4K910.0K2.0M2.1M
Net Interest Income326.8K663.6K719.4K910.0K2.0M2.1M

Canterbury Park Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Canterbury Park Holding. It measures of how well Canterbury is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Canterbury Park brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Canterbury had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Canterbury Park has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change In Cash(7.3M)544.6K11.1M507.3K9.7M10.2M
Free Cash Flow(8.4M)139.8K9.7M6.2M3.7M3.8M
Depreciation2.7M2.7M2.8M3.0M3.1M2.0M
Other Non Cash Items53.1K(875.9K)2.4M1.7M(7.8M)(7.4M)
Capital Expenditures15.2M1.5M3.8M5.0M7.9M8.3M
Net Income2.7M1.1M11.8M7.5M10.6M11.1M
End Period Cash Flow3.9M4.5M15.6M16.1M25.8M27.1M
Change To Netincome1.6M2.9M3.9M1.8M2.1M2.2M
Dividends Paid1.3M328.6K1.7K1.4M(1.4M)(1.3M)
Change To Inventory312.8K972.5K(7.0M)37.0K(17.4K)(18.3K)
Investments102.7K(758.0K)(2.5M)(5.4M)(455.3K)(478.1K)
Net Borrowings(25.2K)(24.5K)(25.7K)(27.1K)(31.1K)(32.7K)
Change Receivables24.3K(60.3K)70.8K(230.1K)(207.1K)(196.7K)

Canterbury Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Canterbury Park's current stock value. Our valuation model uses many indicators to compare Canterbury Park value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Canterbury Park competition to find correlations between indicators driving Canterbury Park's intrinsic value. More Info.
Canterbury Park Holding is rated fifth in revenue category among related companies. It is rated fifth in total debt category among related companies . The ratio of Revenue to Total Debt for Canterbury Park Holding is about  984.57 . As of March 28, 2024, Total Debt To Capitalization is expected to decline to 0.0007. Comparative valuation analysis is a catch-all model that can be used if you cannot value Canterbury Park by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Canterbury Park's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Canterbury Park's earnings, one of the primary drivers of an investment's value.

Canterbury Park Holding Systematic Risk

Canterbury Park's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Canterbury Park volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Canterbury Park Holding correlated with the market. If Beta is less than 0 Canterbury Park generally moves in the opposite direction as compared to the market. If Canterbury Park Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Canterbury Park Holding is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Canterbury Park is generally in the same direction as the market. If Beta > 1 Canterbury Park moves generally in the same direction as, but more than the movement of the benchmark.

About Canterbury Park Financials

What exactly are Canterbury Park Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Canterbury Park's income statement, its balance sheet, and the statement of cash flows. Potential Canterbury Park investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Canterbury Park investors may use each financial statement separately, they are all related. The changes in Canterbury Park's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Canterbury Park's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Canterbury Park Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Canterbury Park is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Canterbury has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Canterbury Park's financials are consistent with your investment objective using the following steps:
  • Review Canterbury Park's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Canterbury Park's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Canterbury Park's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Canterbury Park's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Canterbury Park Thematic Clasifications

Canterbury Park Holding is part of several thematic ideas from Gambling to Casinos. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Canterbury Park Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Canterbury Park's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Canterbury Park growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.25

At present, Canterbury Park's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

Canterbury Park March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Canterbury Park help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Canterbury Park Holding. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canterbury Park Holding based on widely used predictive technical indicators. In general, we focus on analyzing Canterbury Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Canterbury Park's daily price indicators and compare them against related drivers.
When determining whether Canterbury Park Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canterbury Park's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canterbury Park Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canterbury Park Holding Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canterbury Park Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the Canterbury Park Holding information on this page should be used as a complementary analysis to other Canterbury Park's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for Canterbury Stock analysis

When running Canterbury Park's price analysis, check to measure Canterbury Park's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canterbury Park is operating at the current time. Most of Canterbury Park's value examination focuses on studying past and present price action to predict the probability of Canterbury Park's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canterbury Park's price. Additionally, you may evaluate how the addition of Canterbury Park to your portfolios can decrease your overall portfolio volatility.
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Commodity Directory
Find actively traded commodities issued by global exchanges
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Is Canterbury Park's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canterbury Park. If investors know Canterbury will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canterbury Park listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.248
Dividend Share
0.28
Earnings Share
2.13
Revenue Per Share
12.484
Quarterly Revenue Growth
(0.04)
The market value of Canterbury Park Holding is measured differently than its book value, which is the value of Canterbury that is recorded on the company's balance sheet. Investors also form their own opinion of Canterbury Park's value that differs from its market value or its book value, called intrinsic value, which is Canterbury Park's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canterbury Park's market value can be influenced by many factors that don't directly affect Canterbury Park's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canterbury Park's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canterbury Park is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canterbury Park's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.