2 models fit Canterbury Park Holding Corporation 'New' Common Stock and they agree: 2 of 2 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Discount(i)Bronze53
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, and Discounted cash flow.
ACCE opinionCanterbury Park Holding Corporation 'New' Common Stock (CPHC)
Fair value (2 models)
$18.39
ACCE price target
$15.00
Rating
Undervalued
Horizon
12 months
Fair value published on 12 Oct 2026, 00:00 CEST; previously $10.41 since 18 Sept 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 13:04 CEST.
Price used: $15.78 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
14.2% below
+16.5% to fair value
ACCE score
46
out of 100
P/E
526.0x
1-year return
-3.7%
Dividend yield
1.76%
Canterbury Park Holding Corporation 'New' Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Canterbury Park runs a single pari-mutuel racetrack and card casino in Shakopee, Minnesota, along with off-track betting and a food and beverage operation on the same site. The case rests on a small, locally entrenched Minnesota gaming asset with a 32.9% gross margin, not on any national platform or structural moat. Revenue is growing 3.2%, but the 1.6% operating margin and 0.1% ROE leave almost no earnings cushion, and the trailing P/E of 530 reflects that thin profit base rather than any growth premium. The forward P/E of 20.1 implies earnings are expected to recover sharply, so the first thing to check is whether that recovery is supported by the casino's cash flows or by assumptions about a turnaround that has yet to show up. At a score of 46/100 and no index membership, this is a deep-dive candidate only if the forward earnings estimate can be tested against the property's margin trajectory.