CPHC
Canterbury Park Holding CorporationConsumer Cyclical·Gambling, Resorts & Casinos
$15.84
$82M market cap
Revenue
$26.0M
Free Cash Flow
$1.7M
Rev Growth
+0.0%
FCF Margin
6.5%
P/FCF
48.5x
EV/FCF
35.9x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Canterbury Park Holding Corporation, through its subsidiaries, engages in horse racing, card casino, food and beverage, and real estate development businesses. The company's Horse Racing segment operates year-round simulcasting of horse races, as well as wagering on live thoroughbred and quarter horse races on a seasonal basis. Its Card Casino segment offers unbanked card games, such as poker and table games. The company's Food and Beverage segment operates concession stands, restaurants and buf
2-Year Price History
$15.75-27.3%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 13.5 | 2.1 | 1.0 | 0.2 | 3.3 | 2.6 | -0.6 | 21.4 | 0.1 | 5.2 | 12.5% | -- | -- |
| Act | 2025-Q4 | 12.5 | 1.4 | 0.4 | -0.4 | -0.1 | -1.0 | -0.9 | 20.8 | 0.1 | 5.1 | 5.6% | -- | -- |
Valuation & Metrics
Market Stats
Price$15.84
Market Cap$82M
Enterprise Value$60M
P/S Ratio3.1x
P/FCF48.5x
EV/FCF35.9x
FCF Margin (TTM)6.5%
FCF Yield2.1%
Dividend Yield (TTM)1.8%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$26.0M
Net Income$-0.2M
Free Cash Flow$1.7M
Revenue Growth (YoY)+0.0%
EBITDA Margin13.5%
Net Margin-0.8%
FCF Margin6.5%
CapEx % of Revenue5.8%
SBC % of Revenue1.6%
ROIC9.0%
WC Change % Rev-1.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.7
Change (vs Prior)-22.2%
Need at least 2 settlement dates for chart
Employees
Headcount226
Revenue / Employee$114,845
Gross Profit / Employee$31,774
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
38.0%(-4.3% YoY)
17 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
2.7%(-2.3% YoY)
7 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.3% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Black Diamond Capital Management I, LLLP | $13.4M | $16.24 | +$0 | +$13.4M | +6.9% | $136M |
| GATE CITY CAPITAL MANAGEMENT, LLC | $6.9M | $19.67 | +$3K | +$1.3M | -0.4% | $257M |
| GAMCO INVESTORS, INC. ET AL | $5.9M | $15.57 | +$31K | +$34K | -0.0% | $10.15B |
| GABELLI FUNDS LLC | $3.0M | $15.33 | +$0 | −$126K | -0.2% | $14.68B |
| DIMENSIONAL FUND ADVISORS LPPassive | $666K | $24.54 | +$0 | +$0 | -0.4% | $480.92B |
| GUARDIAN WEALTH ADVISORS, LLC / NC | $652K | $19.11 | −$0 | −$19K | -0.1% | $1.57B |
| Aptus Capital Advisors, LLC | $649K | $19.11 | −$0 | −$19K | -0.1% | $11.84B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $501K | $15.59 | +$507K | +$501K | — | $4.04T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $407K | $23.33 | +$4K | −$11K | +2.3% | $1.61T |
| NORTHERN TRUST CORPPassive | $261K | $19.07 | −$1K | +$34K | -0.2% | $755.34B |
| VANGUARD FIDUCIARY TRUST COPassive | $238K | $15.59 | +$241K | +$238K | — | $395.83B |
| Mink Brook Asset Management LLC | $227K | $20.07 | +$0 | +$0 | -0.1% | $179M |
| PRICE T ROWE ASSOCIATES INC /MD/ | $174K | $24.54 | +$0 | −$2K | -0.2% | $864.93B |
| Krilogy Financial LLC | $157K | $22.61 | +$0 | +$157K | +0.2% | $3.10B |
| LPL Financial LLC | $156K | $18.60 | −$2K | +$156K | -0.2% | $372.65B |
| BlackRock, Inc.Passive | $105K | $18.64 | +$8K | −$25K | -0.2% | $5.69T |
| Central Pacific Bank - Trust Division | $72K | $22.61 | +$0 | +$0 | -0.4% | $748M |
| Vanguard Global Advisers, LLCPassive | $11K | $15.59 | +$11K | +$11K | — | $186.48B |
| UBS Group AG | $4K | $20.71 | +$1K | −$14K | -0.3% | $562.11B |
| Tower Research Capital LLC (TRC)MM | $4K | $20.44 | −$0 | −$0 | -0.6% | $3.84B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
+2.45%
avg per quarter
Holders (ex-self)
+2.83%
excl. this stock
Buyers (this Q)
-0.31%
9 buyers · $0.00B in
Sellers (this Q)
-0.13%
5 sellers · $-0.00B out
alpha coverage: 98% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-5.9%
how holders react when this stock falls
On quiet Qs
+0.3%
−10% to +10% baseline
On rallies (+10%+)
+1.0%
how they react when this stock rises
Holders' portfolio flow this Q
-6.5%
outflows — trims may be forced
Sellers' portfolio flow this Q
+3.5%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
+2.4%
Holder mid (any stock)
+0.5%
Holder rally (any stock)
-1.7%
Biggest decreases this quarter
Accredited Investors Inc.exited−$164KSUSQUEHANNA INTERNATIONAL GROUP, LLPexited−$160KBANK OF AMERICA CORP /DE/exited−$38KADVISOR GROUP HOLDINGS, INC.exited−$15KLPL Financial LLC−$2Kα-0.2NORTHERN TRUST CORP−$1Kα-0.2Tower Research Capital LLC (TRC)−$0α-0.6GUARDIAN WEALTH ADVISORS, LLC / NC−$0α-0.1Aptus Capital Advisors, LLC−$0α-0.1
New buyers this quarter
Top-5 holders · 89.2%
Black Diamond Capital Management I, LLLP--
GATE CITY CAPITAL MANAGEMENT, LLC--
GAMCO INVESTORS, INC. ET AL--
GABELLI FUNDS LLC--
DIMENSIONAL FUND ADVISORS LP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
BLACK DIAMOND CAPITAL MANAGEMENT, L.L.C.—CLIFTONLARSONALLEN WEALTH ADVISORS, LLC—Black Diamond Capital Management I, LLLP859KGAMCO INVESTORS, INC. ET AL375KGATE CITY CAPITAL MANAGEMENT, LLC446KGABELLI FUNDS LLC195KBremer Bank National Association—GUARDIAN WEALTH ADVISORS, LLC / NC42KAptus Capital Advisors, LLC42KBank of New York Mellon Corp—
Corporate
Order Flow (FINRA, ~3w lag)
40.7%retail-21.1pp
3.3%dark+10.1pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Canterbury Park: Real Estate Joint Venture Sinkhole Masked by Speculative Legislative Receivables
Overall Risk
6/10
Fraud
3/10
Dilution
2/10
Insolvency
4/10
Earnings Overstated
5/10
Hidden Liabilities
7/10
Legal
3/10
Audit Warnings
4/10
Hidden Upside
8/10
Contextually Acceptable
6/10