International Speedway Corp. Cl A

International Speedway owns motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the U.S. The company's motorsports themed event operations consist primarily of racing events at its motorsports entertainment facilities. The company conducts, either through operations of the particular facility or through its wholly owned subsidiary, Americrown Service Corporation, food and beverage concession operations and catering services, both in suites and chalets. The company's subsidiary, Motor Racing Network, Inc. creates motorsports-related programming content carried on radio stations around the country, as well as on a national satellite radio service, Sirius XM Radio.
  • TickerISCA
  • ISINUS4603352018
  • CountryUnited States

Analysts

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

Jaime Katz

Morningstar | Admission Growth Wanes at ISC, Incentivizing Shareholders to Support Privatization

With admissions falling 5% in narrow-moat International Speedway’s, or ICS', second quarter and 4.5% year to date, it’s clear that the business has struggled to attract race car enthusiasts to the track consistently. We expect competitiveness and low switching costs across leisure activities to restrict the company’s ability to grow sales as rapidly as in the past, which should hold return on invested capital, or ROIC, metrics to a mid-single-digit level. We don’t plan any changes to our five-year forecast, which includes sales growth of 2.5%, an average operating margin of 16.5% and earnings ...

Jaime Katz

Admission Growth Wanes at ISC, Incentivizing Shareholders to Support Privatization

With admissions falling 5% in narrow-moat International Speedway’s, or ICS', second quarter and 4.5% year to date, it’s clear that the business has struggled to attract race car enthusiasts to the track consistently. We expect competitiveness and low switching costs across leisure activities to restrict the company’s ability to grow sales as rapidly as in the past, which should hold return on invested capital, or ROIC, metrics to a mid-single-digit level. We don’t plan any changes to our five-ye...

Jaime Katz

Morningstar | Raised Bid Helps Move International Speedway Closer to Pairing With NASCAR Organization

While International Speedway has struggled to steadily improve ticket prices, it continues to grow contracted broadcasting revenue as it finesses its experiential offerings. We still think that the company will continue to pursue initiatives to find alternate routes (digital, race changes, car configurations) to tap into consumer demand, boosting brand awareness, supporting a narrow economic moat. While Monster Energy's cup sponsorship has led to lower corporate sales growth due to lower contract economics prevailing after the departure of partner Sprint, revitalization efforts at Phoenix, Ric...

Jaime Katz

Raised Bid Helps Move International Speedway Closer to Pairing With NASCAR Organization

With an increased bid of $45 per share, which values narrow-moat International Speedway at around $2 billion, we believe it is now probable that the go-private deal will close in 2019. The raised bid was unanimously recommended and approved by the special committee of independent directors along with the participating shareholders (the France family), which signed a letter of agreement to cede their shares to NASCAR before the merger. The initial $42 bid on Oct. 9, 2018, represented an 8% premiu...

Jaime Katz

Morningstar | NASCAR's $45 Offer Should Seal the Deal on International Speedway Going Private

With an increased bid of $45 per share, which values narrow-moat International Speedway at around $2 billion, we believe it is now probable that the go-private deal will close in 2019. The raised bid was unanimously recommended and approved by the special committee of independent directors along with the participating shareholders (the France family), which signed a letter of agreement to cede their shares to NASCAR before the merger. The initial $42 bid on Oct. 9, 2018, represented an 8% premium to International Speedway's prior market close of $39.06. The raised bid of $45 is closer to the c...

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

ValuEngine Rating and Forecast Report for ISCA

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