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Hall of Fame Resort & Entertainment Company (HOFV) 10-Year Financial Performance & Capital Metrics

HOFV • • Industrial / General
Communication ServicesEntertainmentLive Events & Venue OperationsSports Franchises & Leagues
AboutHall of Fame Resort & Entertainment Company, a resort and entertainment company, doing business as the Pro Football Hall of Fame. It owns the premier sports, entertainment, and media enterprise surrounding the Pro Football Hall of Fame in Canton, Ohio. The company was founded in 2015 and is headquartered in Canton, Ohio. Hall of Fame Resort & Entertainment Company is a subsidiary of Industrial Realty Group, LLC.Show more
  • Revenue $21M -12.1%
  • EBITDA -$13M +63.2%
  • Net Income -$56M +18.7%
  • EPS (Diluted) -8.72 +27.2%
  • Gross Margin 71.79% -1.8%
  • EBITDA Margin -59.7% +58.1%
  • Operating Margin -139.9% +31.7%
  • Net Margin -263.39% +7.5%
  • ROE -56.14% -30.0%
  • ROIC -6.67% +38.3%
  • Debt/Equity 3.45 +96.1%
  • Interest Coverage -0.94 +57.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 22.0%
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗High debt to equity ratio of 3.4x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 10 (bottom 10%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 12.1% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y21.95%
3Y25.34%
TTM-24.08%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-15.1%

EPS CAGR

10Y-
5Y-
3Y-
TTM-11.12%

ROCE

10Y Avg-9.66%
5Y Avg-10.98%
3Y Avg-9.89%
Latest-7.88%

Peer Comparison

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Sector-Specific
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TKOTKO Group Holdings, Inc.16.49B208.883818.6567.43%5.27%2.42%3.08%0.35
HOFVHall of Fame Resort & Entertainment Company2.35M0.35-0.04-12.12%-366.24%-207.29%3.45
BATRKAtlanta Braves Holdings, Inc.2.07B40.13-80.263.45%-0.69%-1.79%1.34
BATRAAtlanta Braves Holdings, Inc.445.64M43.19-86.383.45%-0.06%-0.16%1.34
MANUManchester United plc947.86M16.90-88.950.72%-4.95%-17.05%2.95%3.33
MSGSMadison Square Garden Sports Corp.5.54B283.55-304.891.18%-2.31%1.59%
FWONKFormula One Group20.24B90.50-754.1713.38%5.08%2.53%2.43%0.40

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+5.73M6.89M7.86M7.1M10.77M15.98M24.13M21.21M
Revenue Growth %-0.2%0.14%-0.1%0.52%0.48%0.51%-0.12%
Cost of Goods Sold+3.03M11.44M16.71M27.05M33.21M5.95M6.49M5.98M
COGS % of Revenue0.53%1.66%2.13%3.81%3.08%0.37%0.27%0.28%
Gross Profit+2.7M-4.55M-8.85M-19.95M-22.44M10.03M17.64M15.22M
Gross Margin %0.47%-0.66%-1.13%-2.81%-2.08%0.63%0.73%0.72%
Gross Profit Growth %--2.68%-0.95%-1.26%-0.12%1.45%0.76%-0.14%
Operating Expenses+5.87M780.53K24.11M12.76M13.95M48.02M67.09M44.89M
OpEx % of Revenue1.02%0.11%3.07%1.8%1.29%3.01%2.78%2.12%
Selling, General & Admin1.31M780.53K1M1.67M1.02M000
SG&A % of Revenue0.23%0.11%0.13%0.24%0.09%---
Research & Development00000000
R&D % of Revenue--------
Other Operating Expenses0023.11M11.09M12.93M48.02M67.09M44.89M
Operating Income+-3.17M-780.53K-32.96M-32.71M-36.39M-37.99M-49.45M-29.67M
Operating Margin %-0.55%-0.11%-4.19%-4.61%-3.38%-2.38%-2.05%-1.4%
Operating Income Growth %-0.75%-41.23%0.01%-0.11%-0.04%-0.3%0.4%
EBITDA+1.39M10.1M-22.04M-21.62M-24.19M-25.95M-34.38M-12.66M
EBITDA Margin %0.24%1.47%-2.8%-3.05%-2.25%-1.62%-1.42%-0.6%
EBITDA Growth %-6.26%-3.18%0.02%-0.12%-0.07%-0.32%0.63%
D&A (Non-Cash Add-back)4.56M10.89M10.92M11.09M12.2M12.04M15.07M17.01M
EBIT-3.17M1.37M-33.21M-29.4M-84.07M-34.54M-46.4M-24.37M
Net Interest Income+00-22.69M-16.29M-8.74M-11.63M-22.35M-31.49M
Interest Income6.63M2.13M000000
Interest Expense0022.69M16.29M8.74M11.63M22.35M31.49M
Other Income/Expense-6.63M2.15M-22.94M-12.98M-56.43M-8.18M-19.31M-26.2M
Pretax Income+-9.79M1.37M-55.9M-45.69M-92.81M-46.17M-68.75M-55.86M
Pretax Margin %-1.71%0.2%-7.11%-6.44%-8.62%-2.89%-2.85%-2.63%
Income Tax+0284.96K000000
Effective Tax Rate %1%0.79%1%1%1%0.99%1%1%
Net Income+-9.79M1.08M-55.9M-45.49M-92.41M-45.88M-68.68M-55.85M
Net Margin %-1.71%0.16%-7.11%-6.41%-8.58%-2.87%-2.85%-2.63%
Net Income Growth %-1.11%-52.7%0.19%-1.03%0.5%-0.5%0.19%
Net Income (Continuing)-9.79M1.08M-55.9M-45.69M-92.81M-46.17M-68.75M-55.86M
Discontinued Operations00000000
Minority Interest000-196.51K-596.77K-882.57K-954.84K-963.43K
EPS (Diluted)+-2.640.96-69.92-15.61-22.69-9.01-11.97-8.72
EPS Growth %-1.36%-73.83%0.78%-0.45%0.6%-0.33%0.27%
EPS (Basic)-2.640.96-69.92-15.61-22.69-9.01-11.97-8.72
Diluted Shares Outstanding3.71M1.12M1.12M2.91M4.1M5.21M5.83M6.53M
Basic Shares Outstanding3.71M1.12M1.12M2.91M4.1M5.21M5.83M6.53M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+4.22M96.08K9.97M40.42M19.76M39.4M27.25M8.4M
Cash & Short-Term Investments1.82M89.56K2.82M7.15M10.28M30.08M5.24M2.87M
Cash Only1.82M89.56K2.82M7.15M10.28M26.02M3.24M432.17K
Short-Term Investments000004.07M2M2.43M
Accounts Receivable2.09M01.36M366.09K2.37M1.81M1.11M1.52M
Days Sales Outstanding132.93-62.9318.8280.2241.3716.7726.17
Inventory0-2.5M000000
Days Inventory Outstanding--------
Other Current Assets240.5K03.5M25.99M-1.25M7.5M20.9M4.02M
Total Non-Current Assets+200.44M128.4M225.79M269.25M317.53M416.9M414.65M358.31M
Property, Plant & Equipment156.51M145.81M134.91M154.36M180.46M256.39M351.77M341.93M
Fixed Asset Turnover0.04x0.05x0.06x0.05x0.06x0.06x0.07x0.06x
Goodwill00000000
Intangible Assets0088.59M107.97M128.72M140.14M59.37M10.4M
Long-Term Investments0128.4M00017.03M02.23M
Other Non-Current Assets43.93M-145.81M2.29M6.92M8.35M3.34M3.51M3.74M
Total Assets+204.66M128.49M235.76M310.84M337.29M456.3M441.9M366.71M
Asset Turnover0.03x0.05x0.03x0.02x0.03x0.04x0.05x0.06x
Asset Growth %--0.37%0.83%0.32%0.09%0.35%-0.03%-0.17%
Total Current Liabilities+36.28M594.22K33.01M22.79M14.14M25.3M28.56M27.02M
Accounts Payable33.16M284.96K12.87M20.54M12.12M17.58M21.83M18.9M
Days Payables Outstanding3.99K9.09281.2277.12133.221.08K1.23K1.15K
Short-Term Debt00000000
Deferred Revenue (Current)0-1000K90.84K530.13K203.28K1000K1000K1000K
Other Current Liabilities0-273.84K000000
Current Ratio0.12x0.16x0.30x1.77x1.40x1.56x0.95x0.31x
Quick Ratio0.12x4.38x0.30x1.77x1.40x1.56x0.95x0.31x
Cash Conversion Cycle--------
Total Non-Current Liabilities+139.97M4.45M167.8M121.79M118.57M239.74M286.6M267.46M
Long-Term Debt138.64M68.17M164.92M98.9M101.36M171.32M219.53M245.75M
Capital Lease Obligations000003.41M3.44M3.4M
Deferred Tax Liabilities00000000
Other Non-Current Liabilities1.34M-63.72M2.88M22.89M17.21M65.01M63.62M18.31M
Total Liabilities176.25M5.04M200.81M144.58M132.71M265.04M315.16M294.47M
Total Debt+138.64M130.56M164.92M98.9M101.36M174.73M222.97M249.15M
Net Debt136.82M130.47M162.1M91.75M91.08M148.71M219.73M248.72M
Debt / Equity4.88x1.06x4.72x0.60x0.50x0.91x1.76x3.45x
Debt / EBITDA99.67x12.92x------
Net Debt / EBITDA98.36x12.91x------
Interest Coverage---1.45x-2.01x-4.16x-3.27x-2.21x-0.94x
Total Equity+28.4M123.45M34.95M165.08M204.58M191.26M126.74M72.23M
Equity Growth %-3.35%-0.72%3.72%0.24%-0.07%-0.34%-0.43%
Book Value per Share7.65109.8231.0956.6749.8436.7221.7511.06
Total Shareholders' Equity28.4M123.45M34.95M165.28M205.18M192.14M127.69M73.19M
Common Stock28.4M118.45M5446.41K9.76K560643655
Retained Earnings01.08M34.95M-6.84M-99.95M-146.9M-216.64M-273.56M
Treasury Stock00000000
Accumulated OCI0-119.13M-717.83K00000
Minority Interest000-196.51K-596.77K-882.57K-954.84K-963.43K

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+6.49M-480.09K933.02K-18.37M-20.76M-4.89M-27M-10.91M
Operating CF Margin %1.13%-0.07%0.12%-2.59%-1.93%-0.31%-1.12%-0.51%
Operating CF Growth %--1.07%2.94%-20.68%-0.13%0.76%-4.52%0.6%
Net Income-9.79M1.08M-55.9M-45.69M-92.81M-46.17M-68.75M-55.86M
Depreciation & Amortization4.56M10.89M10.92M11.09M12.2M12.04M15.07M17.01M
Stock-Based Compensation0004.52M5.58M3.93M2.76M641.25K
Deferred Taxes00000000
Other Non-Cash Items7.74M-2.15M32.23M-7.81M56.69M9.38M23.32M28.56M
Working Capital Changes3.99M585.4K13.69M19.52M-2.42M15.93M605.84K-1.26M
Change in Receivables-1.31M-933.64K360.68K989.28K-1.05M-251.79K-798.75K-599.71K
Change in Inventory00000000
Change in Payables0306.97K3.65M29.26M1.11M9.92M2.03M-2.14M
Cash from Investing+-112.1M-126.25M-16.72M-17.58M-70.73M-112.13M-27.83M-7.77M
Capital Expenditures-112.1M-40.06M-16.72M-48.61M-70.73M-95.17M-45.59M-16.4M
CapEx % of Revenue19.55%5.81%2.13%6.85%6.57%5.96%1.89%0.77%
Acquisitions--------
Investments--------
Other Investing0-703.03K0000241.69K8.63M
Cash from Financing+104.58M126.82M15.99M67.38M68.83M133.15M33.13M11.31M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid0000-193.33K-750K-450K0
Share Repurchases--------
Other Financing-1.26M61.88M-576.74K-3.23M21.92M-12.29M-6.28M1.72M
Net Change in Cash--------
Free Cash Flow+-105.61M-40.54M-15.79M-66.98M-91.5M-100.06M-72.59M-27.31M
FCF Margin %-18.42%-5.88%-2.01%-9.43%-8.5%-6.26%-3.01%-1.29%
FCF Growth %-0.62%0.61%-3.24%-0.37%-0.09%0.27%0.62%
FCF per Share-28.46-36.06-14.05-22.99-22.29-19.21-12.46-4.18
FCF Conversion (FCF/Net Income)-0.66x-0.44x-0.02x0.40x0.22x0.11x0.39x0.20x
Interest Paid00000000
Taxes Paid00000000

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)-34.48%1.42%-70.59%-45.48%-50%-23.18%-43.2%-56.14%
Return on Invested Capital (ROIC)--0.28%-10.96%-10.81%-9.88%-8.97%-10.81%-6.67%
Gross Margin47.08%-66.01%-112.53%-281.05%-208.34%62.77%73.1%71.79%
Net Margin-170.8%15.7%-711.12%-640.76%-858.03%-287.14%-284.64%-263.39%
Debt / Equity4.88x1.06x4.72x0.60x0.50x0.91x1.76x3.45x
Interest Coverage---1.45x-2.01x-4.16x-3.27x-2.21x-0.94x
FCF Conversion-0.66x-0.44x-0.02x0.40x0.22x0.11x0.39x0.20x
Revenue Growth-20.13%14.11%-9.7%51.71%48.36%51.01%-12.12%

Frequently Asked Questions

Growth & Financials

Hall of Fame Resort & Entertainment Company (HOFV) reported $17.1M in revenue for fiscal year 2024. This represents a 198% increase from $5.7M in 2017.

Hall of Fame Resort & Entertainment Company (HOFV) saw revenue decline by 12.1% over the past year.

Hall of Fame Resort & Entertainment Company (HOFV) reported a net loss of $62.6M for fiscal year 2024.

Dividend & Returns

Hall of Fame Resort & Entertainment Company (HOFV) has a return on equity (ROE) of -56.1%. Negative ROE indicates the company is unprofitable.

Hall of Fame Resort & Entertainment Company (HOFV) had negative free cash flow of $11.0M in fiscal year 2024, likely due to heavy capital investments.

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