A Business at a Glance
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Canterbury Park Holding Corp
CPHC
$78M
Mkt Cap
$15.55
+0.91%
Canterbury Park Holding Corp (CPHC) has a current P/E ratio of 37.0, compared to its historical median P/E of 15.0. The stock is currently considered Expensive based on its historical valuation range.
Canterbury Park Holding Corp (CPHC) has a 5-year average return on invested capital (ROIC) of 12.7%. This indicates solid capital allocation.
Canterbury Park Holding Corp (CPHC) has a market capitalization of $80M. It is classified as a small-cap stock.
Yes, Canterbury Park Holding Corp (CPHC) pays a dividend with a trailing twelve-month yield of 1.79%.
Based on historical P/E analysis, Canterbury Park Holding Corp (CPHC) appears expensive. The current P/E of 37.0 is 147% above its historical median of 15.0. The estimated fair value CAGR (P/E method) is 5.4%.
Canterbury Park Holding Corp (CPHC) operates in the Services-Racing, Including Track Operation industry, within the Consumer Cyclical sector.
Canterbury Park Holding Corp (CPHC) reported annual revenue of $62 million in its most recent fiscal year, based on SEC EDGAR filings.
Available Information The SEC maintains a website at http://www.sec.gov that contains reports, proxy and information statements, and other information regarding issuers, including Canterbury Park Holding Corporation, that file electronically with the Securities and Exchange Commission (SEC). The Company files annual reports, quarterly reports, proxy statements, and other documents with the SEC under the Securities Exchange Act of 1934 (Exchange Act). We also make available free of charge through our website (www.canterburypark.com) the reports and other documents that we file with the SEC, including the Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and, if applicable, amendments to those reports filed or furnished pursuant to the Exchange Act as soon as reasonably practicable after we electronically file such material with, or furnish such material to, the SEC.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 60M | 62M | 61M | 67M | 60M | 33M |
| Net Income | -529K | 2.1M | 11M | 7.5M | 12M | 1.1M |
| EPS | $-0.10 | $0.42 | $2.13 | $1.54 | $2.44 | $0.23 |
| Free Cash Flow | 8.7M | 5.3M | 8.8M | 11M | 13M | 786K |
| ROIC | 2.9% | 7.2% | 14.8% | 15.0% | 25.3% | 1.2% |
| Gross Margin | - | 57.5% | 58.5% | 63.6% | 75.0% | 51.9% |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends/Share | $0.28 | $0.28 | $0.28 | $0.28 | $0.00 | $0.07 |
| Operating Income | 2.5M | 6.4M | 12M | 11M | 18M | 626K |
| Operating Margin | 4.1% | 10.4% | 18.7% | 16.3% | 29.4% | 1.9% |
| ROE | -0.6% | 2.5% | 12.9% | 10.6% | 18.3% | 2.1% |
| Shares Outstanding | 5M | 5M | 5M | 5M | 5M | 5M |
| Metric | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 52M | 52M | 57M | 59M | 59M | 33M | 60M | 67M | 61M | 62M | 60M |
| Gross Margin | 54.2% | 61.5% | 53.4% | 58.4% | 53.8% | 51.9% | 75.0% | 63.6% | 58.5% | 57.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 21M | 23M | 23M | 24M | 26M | N/A | N/A | N/A | N/A | N/A | 26M |
| EBIT | 4.6M | 7.1M | 4.5M | 7.6M | 3.6M | 626K | 18M | 11M | 12M | 6.4M | 2.5M |
| Op. Margin | 8.8% | 13.6% | 7.9% | 12.9% | 6.1% | 1.9% | 29.4% | 16.3% | 18.7% | 10.4% | 4.1% |
| Net Income | 2.7M | 4.2M | 4.1M | 5.7M | 2.7M | 1.1M | 12M | 7.5M | 11M | 2.1M | -529K |
| Net Margin | 5.2% | 8.0% | 7.2% | 9.7% | 4.6% | 3.2% | 19.5% | 11.2% | 17.2% | 3.4% | -0.9% |
| Non-Recurring | 660K | 3.8M | -2K | 130K | 12K | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||
| ROIC | 11.8% | 15.7% | 13.1% | 15.5% | 5.5% | 1.2% | 25.3% | 15.0% | 14.8% | 7.2% | 2.9% |
| ROE | 8.5% | 12.0% | 10.6% | 13.1% | 5.7% | 2.1% | 18.3% | 10.6% | 12.9% | 2.5% | -0.6% |
| ROA | 6.0% | 8.8% | 7.9% | 9.9% | 4.3% | 1.5% | 14.2% | 8.1% | 10.1% | 2.0% | -0.5% |
| Cash Flow | |||||||||||
| Op. Cash Flow | 4.4M | 4.9M | 8.2M | 6.3M | 6.7M | 1.1M | 13M | 11M | 12M | 6.5M | 8.9M |
| Free Cash Flow | 88K | 41K | 3.3M | 831K | -627K | 786K | 13M | 11M | 8.8M | 5.3M | 8.7M |
| Owner Earnings | 1.8M | 2.1M | 5.4M | 3.4M | 3.8M | -2.1M | 10M | 7.8M | 7.9M | 2.3M | 4.2M |
| CapEx | 4.3M | 4.9M | 4.9M | 5.5M | 7.4M | 344K | 254K | 606K | 2.7M | 1.2M | 176K |
| Maint. CapEx | 2.3M | 2.5M | 2.5M | 2.6M | 2.7M | 2.7M | 2.8M | 3.0M | 3.1M | 3.6M | 4.0M |
| Growth CapEx | 2.0M | 2.4M | 2.4M | 2.9M | 4.7M | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.3M | 2.5M | 2.5M | 2.6M | 2.7M | 2.7M | 2.8M | 3.0M | 3.1M | 3.6M | 4.0M |
| CapEx/OCF | 98.0% | 89.7% | 4.0% | 13.7% | 18.9% | 30.4% | 1.9% | 5.4% | 23.4% | 18.3% | 2.0% |
| Capital Allocation | |||||||||||
| Dividends Paid | 1.1M | 1.3M | 962K | 1.2M | 1.3M | 329K | 2K | 1.4M | 1.4M | 1.4M | 1.4M |
| Dividend Yield | 2.8% | 3.3% | 2.1% | 1.9% | 2.2% | 0.7% | 0.0% | 1.3% | 1.3% | 1.3% | 1.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 285K | 314K | 352K | 346K | 235K | 469K | 548K | 450K | 528K | 572K | 688K |
| Debt Repayment | 0 | 0 | 0 | 0 | 5.9M | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||
| Net Debt | N/A | N/A | N/A | -5.0M | -288K | 46K | -12M | -18M | -27M | -15M | -17M |
| Cash & Equiv. | 8.3M | 6.3M | 8.9M | 4.9M | 355K | N/A | N/A | N/A | N/A | N/A | 17M |
| Long-Term Debt | N/A | N/A | N/A | 98K | 72K | 46K | 19K | 0 | 8K | 117K | 81K |
| Debt/Equity | 0.37 | 0.36 | 0.34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage | 22954.6 | 139.9 | N/A | 637.2 | 152.8 | 15.6 | 5927.2 | 5446.3 | 11500.9 | 494.8 | 494.8 |
| Equity | 33M | 37M | 41M | 47M | 49M | 51M | 64M | 71M | 82M | 84M | 84M |
| Total Assets | 45M | 50M | 55M | 61M | 65M | 69M | 83M | 92M | 105M | 110M | 113M |
| Total Liabilities | 12M | 13M | 14M | 15M | 16M | 18M | 19M | 21M | 23M | 26M | 29M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 15M | 18M | 21M | 25M | 27M | 28M | 39M | 45M | 54M | 55M | 53M |
| Working Capital | 3.9M | 3.4M | 4.6M | 2.2M | -7.5M | -643K | 15M | 20M | 25M | 14M | 15M |
| Current Assets | 11M | 12M | 15M | 13M | 4.0M | 9.5M | 24M | 31M | 36M | 24M | 25M |
| Current Liabilities | 7.3M | 8.7M | 11M | 11M | 11M | 10M | 9.8M | 10M | 11M | 11M | 9.6M |
| Per Share Data | |||||||||||
| EPS | 0.64 | 0.97 | 0.93 | 1.26 | 0.59 | 0.23 | 2.44 | 1.54 | 2.13 | 0.42 | -0.10 |
| Owner EPS | 0.43 | 0.48 | 1.22 | 0.75 | 0.83 | -0.45 | 2.09 | 1.60 | 1.59 | 0.46 | 0.82 |
| Book Value | 7.77 | 8.45 | 9.26 | 10.30 | 10.73 | 11.11 | 13.31 | 14.59 | 16.49 | 16.72 | 16.38 |
| Cash Flow/Share | 1.04 | 1.14 | 1.87 | 1.40 | 1.46 | 0.24 | 2.79 | 2.30 | 2.33 | 1.29 | 0.68 |
| Dividends/Share | 0.25 | 0.30 | 0.22 | 0.28 | 0.28 | 0.07 | 0.00 | 0.28 | 0.28 | 0.28 | 0.28 |
| Shares Out. | 4.3M | 4.3M | 4.4M | 4.5M | 4.6M | 4.6M | 4.8M | 4.9M | 5.0M | 5.0M | 5.1M |
| Valuation | |||||||||||
| P/E Ratio | 14.2 | 9.3 | 15.7 | 10.4 | 19.7 | 50.5 | 6.7 | 19.4 | 9.4 | 51.1 | -149.3 |
| P/FCF | 442.9 | 941.0 | 19.3 | 71.8 | N/A | 68.2 | 6.0 | 13.7 | 11.3 | 20.4 | 9.1 |
| EV/EBIT | 7.1 | N/A | N/A | 7.2 | 14.7 | 85.7 | 3.8 | 11.7 | 6.3 | 14.5 | 25.5 |
| Price/Book | 1.2 | 1.1 | 1.6 | 1.3 | 1.1 | 1.0 | 1.2 | 2.0 | 1.2 | 1.3 | 0.9 |
| Price/Sales | 0.7 | 0.8 | 0.8 | 1.1 | 1.0 | 1.5 | 1.1 | 1.6 | 1.8 | 1.7 | 1.3 |
| FCF Yield | 0.2% | 0.1% | 5.2% | 1.4% | -1.2% | 1.5% | 16.8% | 7.3% | 8.9% | 4.9% | 11.0% |
| Market Cap | 39M | 39M | 64M | 60M | 54M | 54M | 79M | 146M | 100M | 108M | 80M |
| Avg. Price | 8.78 | 9.12 | 10.34 | 13.83 | 12.40 | 10.83 | 14.08 | 21.63 | 22.00 | 20.96 | 15.55 |
| Year-End Price | 9.11 | 9.02 | 14.63 | 13.15 | 11.65 | 11.61 | 16.32 | 29.84 | 20.09 | 21.47 | 15.55 |
Canterbury Park Holding Corp passes 3 of 9 quality checks, indicating weak fundamentals.
Canterbury Park Holding Corp trades at 37.0x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.8x vs a median of 19.3x. The company's 5-year average ROIC is 12.7% with a gross margin of 61.3%. Total shareholder yield (dividends) is 1.8%. At current prices, the estimated annualized return to fair value is +9.7%.
Canterbury Park Holding Corp (CPHC) has a net profit margin of 3.4%. This is a modest margin.
Canterbury Park Holding Corp (CPHC) generated $5 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Canterbury Park Holding Corp (CPHC) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
Canterbury Park Holding Corp (CPHC) reported earnings per share (EPS) of $0.42 in its most recent fiscal year.
Canterbury Park Holding Corp (CPHC) has a return on equity (ROE) of 2.5%. This indicates moderate shareholder returns.
Canterbury Park Holding Corp (CPHC) has a 5-year average gross margin of 61.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 10 years of financial data for Canterbury Park Holding Corp (CPHC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Canterbury Park Holding Corp (CPHC) has a book value per share of $16.72, based on its most recent annual SEC filing.
No recent press releases.