Century Casinos Inc. /CO/ (CNTY) intrinsic value & 10-year financials

Century Casinos Inc. /CO/ (CNTY) has a Graham intrinsic value of $8.30 per share. At $0.79 on Oct 17, 2026, the stock trades 90% below that value. Over the last 10 fiscal years revenue grew 16.2% a year to $573.0M, with an average return on invested capital of 9.6%.

Graham intrinsic value
$8.30
Share price (Oct 17, 2026)
$0.79
Price vs Graham value
90% below
Market cap
$23.8M
Revenue (FY2025)
$573.0M
Revenue growth (10-yr CAGR)
16.2%
ROIC (10-yr avg)
9.6%
Free cash flow (FY2025)
-$15.3M

CNTY 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $573.0M -$61.4M -$2.04 -$15.3M 8.9% 23.1%
FY2024 $575.9M -$128.2M -$4.19 -$62.5M 0.7% 1.5%
FY2023 $550.2M -$28.2M -$0.93 -$35.6M 11.6% 14.8%
FY2022 $430.5M $8.0M $0.25 $18.2M 15.7% 20.5%
FY2021 $388.5M $20.6M $0.66 $49.2M 17.6% 20.4%
FY2020 $304.3M -$48.0M -$1.62 -$1.7M -0.0% -0.0%
FY2019 $218.2M -$19.2M -$0.65 -$5.3M -2.4% -2.0%
FY2018 $168.9M $3.4M $0.11 -$34.4M 5.6% 3.4%
FY2017 $164.5M $6.3M $0.24 $8.3M 8.9% 5.4%
FY2016 $148.2M $9.2M $0.37 $15.2M 10.9% 9.1%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

CENTURY CASINOS INC /CO/ is a consistent compounder, expanding top-line revenue at 16.2% annually over the past decade.

CENTURY CASINOS INC /CO/ returns on capital have been average, hovering around 9.6% ROIC over the decade.

Over the decade, CENTURY CASINOS INC /CO/ shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, CENTURY CASINOS INC /CO/ is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $8.30 per share.

CNTY stock: frequently asked questions

What is the intrinsic value of Century Casinos Inc. /CO/ (CNTY) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CNTY's intrinsic value is about $8.30 per share.

Is CNTY stock undervalued?

At $0.79 (close on Oct 17, 2026), CNTY trades 90% below its Graham value of $8.30. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Century Casinos Inc. /CO/ grown?

Revenue went from $148.2M in fiscal 2016 to $573.0M in fiscal 2025, a compound annual growth rate of 16.2%. Net income was -$61.4M in fiscal 2025.

Does Century Casinos Inc. /CO/ generate free cash flow?

Century Casinos Inc. /CO/ generated -$15.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 4 of the last 10 reported years.

What is CNTY's return on invested capital?

Average ROIC over the last 10 fiscal years was 9.6%, and average return on equity was -14.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CNTY data come from?

From Century Casinos Inc. /CO/'s annual 10-K filings on SEC EDGAR, most recently filed Aug 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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