Canterbury Park Holding Corporation
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$16.00
Market Price
$15.51
Undervalued By
3.1%
Method: Sum-of-the-parts: (1) core racing/card-room/entertainment operations capitalized at 8x estimated EBITDA (~$6.0M, ~10% margin on $60.4M TTM revenue) = ~$48.3M; (2) ~$35M estimated NAV for remaining Canterbury Commons real-estate development/JV interests being monetized; minimal net debt given recent real-estate cash monetization; 5.18M shares outstanding.
Reasoning: Canterbury Park's thin consolidated GAAP net income ($119K) obscures two distinct value drivers - stable core gaming/racing cash flow and a substantial real-estate development pipeline being monetized through JVs - so a sum-of-the-parts approach captures both better than a single blended DCF.