Canterbury Park Holding Corp CPHC
Canterbury Park Holding Corporation (the "Company," "we," "our," or "us") is the holding company for and parent company of two subsidiaries, Canterbury Park Entertainment LLC ("Canterbury Entertainment") and Canterbury Development LLC ("Canterbury Development") and an indirect subsidiary Canterbury Park Concessions, Inc. which is wholly-owned by Canterbury Entertainment. As used herein, the term "Company" or "we" includes Canterbury Park Holding Corporation and its subsidiaries unless the context indicates otherwise.
We divide our business into four segments: (i) horse racing, (ii) Casino, (iii) food and beverage, and (iv) real estate development. The horse racing segment represents our pari-mutuel wagering operations on simulcast and live horse races; the Casino segment represents our unbanked card operations; the food and beverage segment includes concessions, catering, and events and services provided at the Racetrack; and the real estate development segment represents our real estate development operations. We conduct our (i) horse racing, (ii) Casino, and (iii) food and beverage segments through Canterbury Entertainment. We conduct our real estate development segment through Canterbury Development.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.6M | $61.6M | $61.4M | $66.8M | $60.4M | $33.1M | $59.2M | $59.1M | $57.0M | $52.5M |
| Total operating expenses | $57.1M | $56.9M | $56.4M | $55.9M | $42.9M | $34.9M | $55.6M | $51.5M | $52.4M | $45.3M |
| Operating income | $2.5M | $6.4M | $11.5M | $10.9M | $17.8M | $625.8K | $3.6M | $7.6M | $4.5M | $7.1M |
| Interest expense | — | — | — | — | — | — | — | — | — | $51.1K |
| Pre-tax income | -$814.4K | $3.0M | $15.0M | $10.2M | $15.8M | -$188.8K | $4.0M | $7.7M | $4.6M | $7.1M |
| Income tax | $285.0K | $923.9K | $4.4M | $2.7M | $4.0M | $1.3M | $1.2M | $2.0M | $480.0K | $2.9M |
| Net income | -$529.4K | $2.1M | $10.6M | $7.5M | $11.8M | $1.1M | $2.7M | $5.7M | $4.1M | $4.2M |
| EPS, basic | -0.10 | 0.42 | 2.15 | 1.55 | 2.47 | 0.23 | 0.59 | 1.28 | 0.93 | 0.98 |
| EPS, diluted | -0.10 | 0.42 | 2.13 | 1.54 | 2.44 | 0.23 | 0.59 | 1.26 | 0.93 | 0.97 |
| Shares, diluted (wtd. avg.) | $5.1M | $5.0M | $4.9M | $4.9M | $4.8M | $4.7M | $4.6M | $4.5M | $4.4M | $4.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $12.1M | $10.1M | $21.9M | $13.0M | $11.9M | $0 | $355.4K | $4.9M | $12.0M | $8.3M |
| Short-term investments | $5.0M | $5.0M | $5.0M | $5.0M | $0 | $0 | $103.9K | $206.5K | $206.0K | $205.6K |
| Receivables | $342.9K | $439.1K | $484.1K | $618.4K | $388.3K | $231.3K | $302.0K | $241.7K | $1.3M | $1.3M |
| Inventory | $269.4K | $250.7K | $249.4K | $262.1K | $248.4K | $218.8K | $390.1K | $297.2K | $263.0K | $247.8K |
| Total current assets | $25.0M | $24.4M | $36.3M | $30.7M | $24.4M | $9.5M | $4.0M | $12.8M | $15.4M | $12.1M |
| Property, plant and equipment | — | — | $43.0M | $36.5M | $34.4M | $33.5M | $34.6M | $38.1M | $37.0M | $35.4M |
| Total assets | $112.6M | $109.9M | $104.7M | $92.3M | $83.1M | $68.8M | $65.4M | $61.4M | $54.5M | $49.6M |
| Accounts payable | $2.2M | $3.7M | $4.6M | $3.4M | $2.3M | $3.0M | $3.5M | $3.6M | $2.9M | $2.5M |
| Total current liabilities | $9.6M | $10.7M | $11.1M | $10.4M | $9.8M | $10.1M | $11.5M | $10.6M | $10.8M | $8.7M |
| Long-term debt | — | — | — | — | — | $0 | — | — | — | — |
| Total liabilities | $28.7M | $25.8M | $22.9M | $21.1M | $18.7M | $17.5M | $16.0M | $14.7M | $13.8M | $13.1M |
| Retained earnings | $53.1M | $55.1M | $54.4M | $45.2M | $39.4M | $27.6M | $26.6M | $25.3M | $20.8M | $17.7M |
| Total equity | $83.9M | $84.1M | $81.8M | $71.2M | $64.4M | $51.3M | $49.4M | $46.7M | $40.7M | $36.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8.9M | $6.5M | $11.5M | $11.2M | $13.5M | $1.1M | $6.7M | $6.3M | $8.2M | $4.9M |
| Depreciation and amortisation | — | — | $3.1M | $3.0M | $2.8M | $2.7M | $2.7M | $2.6M | $2.5M | $2.5M |
| Stock-based compensation | $688.0K | $571.6K | $527.8K | $449.9K | $548.3K | $468.8K | $235.1K | — | — | — |
| Capital expenditure | $4.2M | $12.0M | $7.9M | $5.0M | $3.8M | $1.5M | $7.4M | $5.5M | $3.8M | $4.4M |
| Investing cash flow | -$5.5M | -$17.3M | -$455.3K | -$9.3M | -$2.5M | -$211.4K | -$13.0M | -$6.6M | -$3.8M | -$3.8M |
| Financing cash flow | -$1.3M | -$1.3M | -$1.3M | -$1.4M | $130.5K | -$374.1K | -$977.8K | -$526.0K | -$714.7K | -$3.1M |
| Dividends paid | $1.4M | $1.4M | $1.4M | $1.4M | $1.7K | $328.6K | $1.3M | $1.2M | $961.6K | $1.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-013251.
Others in SIC 7948
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| CHDN | Churchill Downs Inc | $6.07B | — | 7.0% |