| Company Name: | Harrah's Entertainment, Incorporated | | Ticker Symbol: | HET | | | WWW Address: | www.harrahs.com | | CEO: | Gary W. Loveman | | No. of Employees: | 85,000 | | Common Issue Type: | CS | | Business Description: | The Company is a casino entertainment providers in the world. Its business is primarily conducted through its wholly-owned subsidiary, Harrah's Operating Company, Inc.
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| | | Industry Information: | LEISURE - Resorts & Casinos [more like this] |
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| Price | Day Change | Bid | Ask | Open | High | Low | Volume | | |  | - | - | 0 | 89.97 | 89.97 | - |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 16,876.4 | 187.6 | 1.43 | 2.85 | 1.53 | 24.0 | 1.8 | 89.97 - 78.77 |
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| KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 89.97 | $ | | PE Ratio - LTM | 24.0 | |
| Market Capitalisation | 16,876.4 | mil |
| Latest Shares Outstanding | 187.6 | mil |
| Earnings pS (EPS) | 2.85 | $ |
| Dividend pS (DPS) | 1.53 | ¢ |
| Dividend Yield | 1.8 | % |
| Dividend Payout Ratio | 54 | % |
| Revenue per Employee | 113,811 | $ |
| Effective Tax Rate | 35.4 | % |
| Float | 186.6 | mil |
| Float as % of Shares Outstanding | 99.5 | % |
| Foreign Sales | 0 | mil |
| Domestic Sales | 0 | mil |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 24.10 | % |
| Research & Devlopment (R&D) as % of Revenue | 0.00 | % |
| Gross Profit Margin | 48.6 | % |
| EBITDA Margin | 24.5 | % |
| Pre-Tax Profit Margin | 9.5 | % |
| Assets Turnover | 0.5 | % |
| Return on Assets (ROA) | 3.1 | % |
| Return on Equity (ROE) | 10.8 | % |
| Return on Capital Invested (ROCI) | 3.8 | % |
| Current Ratio | 0.9 | |
| Leverage Ratio (Assets/Equity) | 3.5 | |
| Interest Cover | 2.3 | |
| Total Debt/Equity (Gearing Ratio) | 1.85 | |
| LT Debt/Total Capital | 65.0 | % |
| Working Capital pS | -0.98 | $ |
| Cash pS | 3.49 | $ |
| Book-Value pS | 35.45 | $ |
| Tangible Book-Value pS | 4.87 | $ |
| Cash Flow pS | 8.40 | $ |
| Free Cash Flow pS | -8.59 | $ |
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| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 2.54 | |
| Price/Tangible Book Ratio | 18.47 | |
| Price/Cash Flow | 10.7 | |
| Price/Free Cash Flow | -10.5 | |
| P/E as % of Industry Group | 69.0 | % |
| P/E as % of Sector Segment | 9.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Type of Payment | Cash Payment |
| Dividend Rate | 1.60 |
| Current Dividend Yield | 1.8 |
| 5-Y Average Dividend Yield | 1.5 |
| Payout Ratio | 54.0 |
| 5-Y Average Payout Ratio | 43.0 |
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|  | | Share price performance previous 3 years |
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 | | | Share price performance intraday |
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| PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | 0.6 | 98 | 49,525 | 18 |
| 4 Weeks | 89.97 | 86.31 | 88.41 | 1.8 | 105 | 49,602 | 793,633 |
| 13 Weeks | 89.97 | 86.21 | 87.97 | 2.3 | 113 | 28,604 | 1,659,027 |
| 26 Weeks | 89.97 | 78.77 | 84.45 | 6.5 | 112 | 23,091 | 2,817,101 |
| 52 Weeks | 89.97 | 78.77 | 84.49 | 6.5 | 113 | 17,825 | 4,420,704 |
| YTD | 89.97 | 86.31 | - | 1.4 | 109 | 45,643 | 867,222 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 89.59 | 89.08 | 88.15 | 86.82 | 86.46 | 1.43 | 1.48 |
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| GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | 22.94 | 88.5 | 31.79 |
| Income | 0.80 | 0.3 | 5.92 |
| Dividend | 0.00 | 0.0 | 2.75 |
| Capital Spending | 48.08 | NA | 89.45 |
| R&D | 0.00 | NA | 0.00 |
| Normalized Inc. | 6.80 | NA | 4.80 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | 13.2 | 13.0 | 36.0 |
| Earnings % | 36.7 | 37.9 | 126.6 |
| EPS % | 34.5 | 34.7 | 81.5 |
| EPS $ | 0.90 | 0.33 | 1.28 |
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| SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Net Working Capital Ratio | -2.74 |
| Current Ratio | 0.7 |
| Quick Ratio (Acid Test) | 0.6 |
| Liquidity Ratio (Cash) | 0.36 |
| Receivables Turnover | 20.1 |
| Average Collection Period | 18 |
| Working Capital/Equity | -10.1 |
| Working Capital pS | -3.28 |
| Cash-Flow pS | 6.70 |
| Free Cash-Flow pS | -9.66 |
| FINANCIAL STRUCTURE RATIOS |
| Altman's Z-Score Ratio | 1.27 |
| Financial Leverage Ratio (Assets/Equity) | 3.7 |
| Debt Ratio | 72.8 |
| Total Debt/Equity (Gearing Ratio) | 1.99 |
| LT Debt/Equity | 1.92 |
| LT Debt/Capital Invested | 78.9 |
| LT Debt/Total Liabilities | 71.8 |
| Interest Cover | 2.2 |
| Interest/Capital Invested | 3.35 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 22.80 |
| Tobin's Q Ratio | 0.76 |
| Current P/E Ratio - LTM | 24.00 |
| Enterprise Value (EV)/EBITDA | 13.54 |
| Enterprise Value (EV)/Free Cash Flow | -14.33 |
| Dividend Yield | 1.8 |
| Price/Tangible Book Ratio - LTM | 18.47 |
| Price/Book Ratio - LTM | 2.54 |
| Price/Cash Flow Ratio | 10.7 |
| Price/Free Cash Flow Ratio - LTM | -10.5 |
| Price/Sales Ratio | 1.59 |
| P/E Ratio (1 month ago) - LTM | 23.6 |
| P/E Ratio (26 weeks ago) - LTM | 29.5 |
| P/E Ratio (52 weeks ago) - LTM | 57.1 |
| 5-Y High P/E Ratio | 50.8 |
| 5-Y Low P/E Ratio | 11.4 |
| 5-Y Average P/E Ratio | 25.5 |
| Current P/E Ratio as % of 5-Y Average P/E | 94 |
| P/E as % of Industry Group | 69.0 |
| P/E as % of Sector Segment | 9.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 26.9 |
| PER SHARE FIGURES |
| LT Debt pS | 62.52 |
| Current Liabilities pS | 12.04 |
| Tangible Book Value pS - LTM | 4.87 |
| Book Value pS - LTM | 35.45 |
| Capital Invested pS | 94.41 |
| Cash pS - LTM | 3.49 |
| Cash Flow pS - LTM | 8.40 |
| Free Cash Flow pS - LTM | -8.59 |
| Earnings pS (EPS) | 2.85 |
| | | | OPERATING RATIOS | | PROFITABILITY RATIOS |
| Free Cash Flow Margin | -18.58 |
| Free Cash Flow Margin 5YEAR AVG | -16.11 |
| Net Profit Margin | 5.5 |
| Net Profit Margin - 5YEAR AVRG. | 5.9 |
| Equity Productivity | 1.59 |
| Return on Equity (ROE) | 8.8 |
| Return on Equity (ROE) - 5YEAR AVRG. | 10.4 |
| Capital Invested Productivity | 0.55 |
| Return on Capital Invested (ROCI) | 3.0 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 3.4 |
| Assets Productivity | 0.50 |
| Return on Assets (ROA) | 2.4 |
| Return on Assets (ROA) - 5YEAR AVRG. | 2.7 |
| Gross Profit Margin | 48.6 |
| Gross Profit Margin - 5YEAR AVRG. | 45.2 |
| EBITDA Margin - LTM | 24.5 |
| EBIT Margin - LTM | 16.6 |
| Pre-Tax Profit Margin | 8.6 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 9.7 |
| Effective Tax Rate | 35.4 |
| Effective Tax Rate - 5YEAR AVRG. | 37.9 |
| EFFICIENCY RATIOS |
| Cash Conversion Cycle | 22 |
| Revenue per Employee | 113,811 |
| Net Income per Employee | 6,304 |
| Average Collection Period | 17 |
| Receivables Turnover | 20.1 |
| Day's Inventory Turnover Ratio | 5 |
| Inventory Turnover | 79.7 |
| Inventory/Sales | 0.7 |
| Accounts Payble/Sales | 4.81 |
| Assets/Revenue | 2.00 |
| Net Working Capital Turnover | -15.85 |
| Fixed Assets Turnover | 0.47 |
| Total Assets Turnover | 0.5 |
| Revenue per $ Cash | 12.10 |
| Revenue per $ Plant | 0.69 |
| Revenue per $ Common Equity | 1.59 |
| Revenue per $ Capital Invested | 0.55 |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 24.9 |
| SG&A Expense as % of Revenue - 5YEAR AVRG. | 20.3 |
| Research & Devlopment (R&D) as % of Revenue | 0.0 |
| R&D Expense as % of Revenue - 5YEAR AVRG. | 0.0 |
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