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what it is
It runs a racetrack and casino in Minnesota and makes money from racing, food, and side revenue.
how it gets paid
Last year Canterbury Pk Hldg made $60M in revenue. Casino operations was the main engine at $28.0M, or 47% of sales.
why growth slowed
Full-year 2025 net revenue was about $59.6M, down roughly 3.2% from 2024—still a single-property, seasonally lumpy business.
what just happened
Q4 2025 revenue was about $12.4M with EPS around -$0.08 (loss narrowed vs the prior-year quarter).
At a glance
B balance sheet — gets the job done, barely
35/100 earnings predictability — expect surprises
36.2x trailing p/e — you're paying up for this one
1.8% dividend yield — cash in your pocket every quarter
2.5% return on capital — nothing to write home about
xvary composite: 45/100 — below average
What they do
It runs a racetrack and casino in Minnesota and makes money from racing, food, and side revenue.
Minnesota caps card play at 80 tables, so the casino cannot just add more chairs and call it growth. The company also sits on about 140 acres around the track, so the land is part of the asset base, not just a parking lot. You are buying a local operation with $0 of long-term debt and 226 employees.
How they make money
$60M
annual revenue · their business grew -3.2% last year
Casino operations
$28.0M
Pari-mutuel operations
$10.0M
Food and beverage sales
$8.0M
Related services and activities
$7.0M
Admissions and other entertainment
$7.0M
The products that matter
card tables and poker
Gaming & Casino
$36M · +5% growth
it's the largest segment at $36M, and that 5% growth is doing most of the work in a company that was flat overall.
largest revenue stream
horse race betting
Pari-Mutuel Wagering
$18M · -10% growth
this $18M segment is the property's original identity, but the 10% decline shows where the pressure sits.
legacy business
on-site hospitality
Food, Beverage & Other
$6M · flat
$6M of flat revenue will not rescue the story, but it shows how much of the property still depends on traffic through one location.
traffic dependent
Key numbers
$62M
FY24 revenue
That is the full-year sales base. When the whole business is this small, every swing matters.
$0.42
FY24 EPS
Earnings per share is less than fifty cents. That keeps valuation noisy at a $15.2 stock price.
13.5%
op margin
The company keeps 13.5 cents from each revenue dollar before interest and taxes. That is respectable for a local casino.
1.8%
dividend yield
You get paid 1.8% to wait. That is not huge, but it is real cash in your pocket.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 4 — safer than 20% of stocks
- price stability 40 / 100
- long-term debt $0M (0% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for CPHC right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Q4 2025 revenue was about $12.4M with EPS around -$0.08.
The quarter was up a few percent vs. prior year—not triple-digit growth. Full-year 2025 net revenue was about $59.6M, down ~3.2% from 2024, so the annual story stays muted even when one quarter improves.
$12.4M
revenue (Q4)
-$0.08
eps (Q4)
32.59%
gross margin
the number that mattered
The ~$12.4M Q4 revenue read matters for pacing, but the ~$60M annual scale says you are still looking at a small, single-site operator.
source: company earnings report, 2026
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What could go wrong
the #1 risk is one-property concentration at Canterbury Park in Shakopee.
high
one-property concentration
100% of the business runs through one property in Shakopee, Minnesota. weather, local competition, property disruption, or softer regional demand would hit all $62M of revenue at once.
full-company exposure to one location
high
gaming law and competition shifts
the model depends on Minnesota rules staying favorable. new state-sanctioned gaming options or broader legal access elsewhere would pressure both the casino and pari-mutuel sides of the property.
pressures the entire revenue base
med
earnings quality
full-year 2024 EPS was $0.42, but that included a $1.7M one-time gain. if you strip out non-recurring help, the stock looks even more expensive than 36.2x suggests.
valuation can compress fast
med
low predictability
a 35/100 earnings predictability score means quarterly results can swing harder than the business description suggests. one better quarter does not establish a durable trend.
raises the chance of estimate misses
one local setback, one rule change, or one weak customer season can touch nearly all $62M of revenue. that's the risk profile you are signing up for.
source: institutional data · regulatory filings · risk analysis
Pay attention to
segment trend
casino growth has to outrun racing declines
gaming and casino revenue was $36M and grew 5%, while pari-mutuel wagering was $18M and fell 10%. if that gap widens, you have the growth story and the shrinking story in one company.
profitability
does EBITDA finally convert into EPS
q4 adjusted EBITDA rose 53% to $2.3M, but EPS still landed at -$0.08. the next report needs cleaner conversion, not just better adjusted numbers.
calendar
next dividend payment
$0.07 per share is payable on april 14, 2026, to shareholders of record on march 31, 2026.
filing watch
the 10-k needs to show what was recurring
the full-year 2025 10-k is expected on or about march 10, 2026. pay attention to how much of earnings quality came from operations versus one-time items.
Analyst rankings
earnings predictability
35 / 100
in human-speak, analysts do not have a clean read on quarterly earnings, and neither should you.
balance sheet strength
B
good enough to avoid balance-sheet drama, not strong enough to make the operating issues disappear.
return on capital
2.5%
for every $1 invested in the business, the return is 2.5 cents. that is not a compounding machine.
source: institutional data
Institutional activity
institutional ownership data for CPHC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$15
current price
n/a
target midpoint · n/a from current
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