Saturday 17 October 2026
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Grandstand Limited
GRSD Consumer Cyclical Gambling
Grandstand Limited’s revenue for fiscal 2025 (year ended December 2025) was $165.4 million, up 30.1% from fiscal 2024. In the quarter to June 2026, revenue fell 4.62%, EPS grew 65.8%, free cash flow fell 95.8% and total debt rose 32.8%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.
1.35
0.01
−0.74%
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| Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | — | 5 | 5 | 5 | 6 | 7 | 4 |
P/E ratio |
12.54 | 12.54 | 12.54 | 12.54 | 24.38 | 127.37 | 19.51 | 16.37 | 0.00 |
P/S ratio |
5.78 | 5.78 | 5.78 | 5.78 | 7.41 | 4.27 | 3.25 | 3.99 | 1.17 |
Altman Z-Score |
— | — | — | — | 18.78 | 4.75 | 7.72 | 7.49 | 1.04 |
P/FCF ratio |
12.24 | 12.24 | 12.24 | 12.24 | 37.22 | 34.51 | 40.69 | 38.00 | 13.50 |
Altman Z″-Score (non-manufacturers) |
— | 2.68 | 1.83 | 7.13 | 12.61 | 2.96 | 5.98 | 5.24 | 0.50 |
P/Operating CF |
48.22 | 48.22 | 48.22 | 48.22 | 275.49 | 52.80 | 50.67 | 37.03 | (19.47) |
Beneish M-Score |
— | — | (3.75) | (0.84) | (2.48) | (2.07) | (1.73) | (2.75) | (3.25) |
P/B ratio |
5.56 | 5.56 | 5.56 | 5.56 | 3.92 | 3.75 | 2.97 | 4.12 | 1.79 |
Price to Tangible BV |
13.04 | 13.04 | 13.04 | 13.04 | 5.75 | 0.00 | 16.85 | 0.00 | 0.00 |
EV/Sales |
5.54 | 5.54 | 5.54 | 5.54 | 6.37 | 3.91 | 3.03 | 4.09 | 1.81 |
EV/EBITDA |
11.80 | 11.80 | 11.80 | 11.80 | 19.55 | 33.86 | 13.78 | 12.55 | 0.00 |
EV/Operating CF |
11.57 | 11.57 | 11.57 | 11.57 | 19.27 | 15.95 | 18.37 | 13.83 | 15.71 |
EV/FCF |
11.72 | 11.72 | 11.72 | 11.72 | 32.02 | 31.60 | 37.96 | 38.97 | 20.92 |
Quick Ratio |
3.43 | 0.93 | 3.98 | 3.74 | 5.75 | 1.32 | 1.45 | 1.17 | 1.21 |
Current Ratio |
3.43 | 0.93 | 3.98 | 3.74 | 5.75 | 1.32 | 1.45 | 1.17 | 1.21 |
Net Debt/EBITDA |
6.91 | 2.61 | 3.65 | (0.05) | (3.18) | (3.12) | (1.02) | 0.31 | (6.13) |
Debt/Assets |
0.00% | 56.77% | 57.55% | 16.57% | 7.94% | 1.49% | 0.77% | 14.98% | 40.78% |
Debt/Equity |
3.96 | 1.79 | 1.56 | 0.22 | 0.09 | 0.02 | 0.01 | 0.22 | 1.13 |
Asset Turnover |
0.29 | 0.97 | 0.52 | 0.70 | 0.62 | 0.67 | 0.74 | 0.76 | 0.69 |
Operating CF/Net income |
(0.60) | 0.46 | (2.11) | 0.72 | 1.12 | 7.85 | 0.98 | 1.23 | (0.58) |
Capex/Depreciation |
0.00 | 0.00 | (0.77) | (0.04) | (2.32) | (1.33) | (4.43) | (4.19) | (0.33) |
Interest Coverage |
2.91 | 3.61 | 0.57 | 5.30 | 6.30 | 1.45 | 9.59 | 11.53 | (3.76) |
| (54.75%) | 66.71% | (14.96%) | 64.28% | 21.82% | 2.86% | 17.73% | 25.34% | (28.49%) | |
| (13.70%) | 32.48% | (5.10%) | 37.63% | 18.26% | 2.08% | 12.43% | 18.40% | (13.77%) | |
ROIC |
0.00% | 0.00% | 3.34% | 20.76% | 19.73% | 1.97% | 14.38% | 16.37% | (9.27%) |
Return on Tangible Assets |
(56.70%) | (4,748.70%) | (25.15%) | 143.29% | 26.34% | 21.79% | 117.59% | 439.15% | (347.44%) |
Average Days of Receivables |
360.47 | 60.37 | 44.84 | 71.83 | 47.41 | 58.31 | 73.70 | 60.73 | 58.43 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
44.31% | 48.20% | 78.25% | 50.25% | 63.99% | 69.61% | 54.87% | 54.68% | 57.52% |
Intangible Assets out of Total Assets |
0.00 | 0.79 | 0.66 | 0.52 | 0.28 | 0.64 | 0.63 | 0.73 | 0.82 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 1.13% | 4.71% | 4.20% | 3.32% | 3.89% | 4.19% |
Graham Net Nets |
0.04 | 0.04 | 0.04 | 0.04 | 0.14 | (0.03) | 0.03 | (0.04) | (0.77) |
Graham Number |
0.00 | 0.00 | 0.00 | 3.91 | 4.92 | 1.98 | 5.93 | 8.13 | 0.00 |
Earnings Yield |
7.98% | 7.98% | 7.98% | 7.98% | 4.10% | 0.79% | 5.13% | 6.11% | (17.22%) |
Free Cash Flow Yield |
8.17% | 8.17% | 8.17% | 8.17% | 2.69% | 2.90% | 2.46% | 2.63% | 7.41% |
Revenue per Share |
0.33 | 0.57 | 0.76 | 1.01 | 1.37 | 2.14 | 2.93 | 3.53 | 4.66 |
Operating CF per Share |
0.09 | 0.09 | 0.16 | 0.39 | 0.45 | 0.52 | 0.48 | 1.04 | 0.54 |
Capex per Share |
0.00 | 0.00 | (0.07) | 0.00 | (0.18) | (0.26) | (0.25) | (0.67) | (0.13) |
Free Cash Flow per Share |
0.09 | 0.09 | 0.09 | 0.39 | 0.27 | 0.26 | 0.23 | 0.37 | 0.40 |
Cash per Share |
0.06 | 0.13 | 0.27 | 0.30 | 1.65 | 0.83 | 0.69 | 0.38 | 0.45 |
Shareholders Equity per Share |
0.20 | 0.37 | 0.51 | 1.24 | 2.59 | 2.43 | 3.21 | 3.42 | 3.04 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
0.20 | 0.37 | 0.51 | 1.24 | 2.59 | 2.43 | 3.21 | 3.42 | 3.04 |
Free Cash Flow |
3.13 | 2.93 | 2.28 | 10.80 | 8.42 | 9.47 | 8.67 | 13.35 | 14.35 |
Working Capital |
9.20 | (0.61) | 7.01 | 10.06 | 46.71 | 10.25 | 14.62 | 5.15 | 7.26 |
Capital Expenditures |
(5.97) | (11.80) | (1.72) | (0.09) | (5.57) | (9.29) | (9.24) | (24.29) | (4.76) |
Net Current Asset Value |
(17.60) | (19.35) | (12.84) | 2.56 | 45.43 | (9.80) | 11.42 | (20.51) | (149.41) |
EV/EBIT |
13.54 | 13.54 | 13.54 | 13.54 | 23.67 | 159.38 | 15.11 | 14.59 | 0.00 |
Capex to Sales |
0.00 | 0.00 | 0.09 | 0.00 | 0.13 | 0.12 | 0.09 | 0.19 | 0.03 |
Price to Operating Income |
14.14 | 14.14 | 14.14 | 14.14 | 27.52 | 174.08 | 16.19 | 14.22 | 0.00 |
| Other line items | |||||||||
Depreciation/Fixed assets |
5.10 | 1.56 | 4.04 | 4.32 | 4.22 | 9.75 | 2.30 | 3.17 | 6.51 |
Cash ROIC |
8.90% | 7.45% | 5.69% | 21.63% | 6.10% | 7.97% | 5.95% | 8.16% | 5.83% |
Accounts Receivable Turnover |
1.58 | 2.68 | 6.96 | 7.11 | 7.69 | 8.64 | 6.36 | 5.90 | 6.94 |
Accounts Payable Turnover |
5.11 | 6.30 | 10.82 | 0.00 | 0.00 | 0.61 | 1.06 | 0.72 | 1.29 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | — | — | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
50.64 | 74.79 | 40.71 | 0.00 | 0.00 | 782.30 | 432.34 | 494.27 | 322.33 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | — | — | 9.25 | 0.00 | 0.00 | 0.00 |
Average Receivables |
7.14 | 7.14 | 2.77 | 3.94 | 5.50 | 8.86 | 17.08 | 21.55 | 23.82 |
Average Payables |
0.60 | 0.60 | 0.98 | 1.80 | 2.86 | 4.82 | 8.57 | 10.50 | 11.84 |
Average Assets |
38.38 | 19.73 | 37.29 | 40.26 | 68.20 | 114.95 | 146.87 | 166.73 | 239.13 |
Average Common Equity |
9.60 | 9.60 | 12.71 | 23.57 | 57.06 | 83.51 | 103.02 | 121.06 | 115.57 |
Columns are period end dates