Download PDF

1. Company Snapshot

1.a. Company Description

Hall 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 Full description

1.b. Last Insights on HOFV

Negative drivers behind Hall of Fame Resort & Entertainment Company's recent performance include the proposed going-private transaction, which has raised concerns among shareholders. The company's definitive agreement to be acquired by HOFV Holdings, LLC for $0.90 per share in cash has sparked investigations into the adequacy of the sale price and process. Multiple law firms, including Halper Sadeh LLC and Kahn Swick & Foti, LLC, are probing the proposed transaction, suggesting potential issues with the deal.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

3. NewsRoom

Card image cap

$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Hall of Fame Resort & Entertainment Company - HOFV

May -12

Card image cap

HALL OF FAME INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Hall of Fame Resort & Entertainment Company - HOFV

May -10

Card image cap

HOFV Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Hall of Fame Resort & Entertainment Company Is Fair to Shareholders

May -08

Card image cap

Hall of Fame Resort & Entertainment Company Enters into Definitive Agreement for Going Private Transaction

May -08

Card image cap

Hall of Fame Village Media Launches "Hometown Heroes" in Partnership with ReachTV

Sep -20

Card image cap

Hall of Fame Resort & Entertainment Company to Participate in Upcoming Conferences

Sep -09

Card image cap

Hall of Fame Resort & Entertainment Co. (HOFV) Q2 2024 Earnings Call Transcript

Aug -13

Card image cap

Hall of Fame Resort & Entertainment Company Announces Second Quarter 2024 Results

Aug -12

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (66.38%)

6. Segments

Event, Rents, Restaurant and Other

Expected Growth: 65%

Hall of Fame Resort & Entertainment Company's 65% growth driven by strong event bookings, increasing rents from its hospitality segment, and growing restaurant sales. The 'Other' segment, comprising entertainment and gaming, also contributed significantly to the growth, fueled by the company's strategic expansion and improving consumer spending habits.

Hotel

Expected Growth: 68%

The 68% growth of the Hotel segment from Hall of Fame Resort & Entertainment Company is driven by increasing demand for sports-themed accommodations, strategic partnerships with sports teams and leagues, and investments in amenities and services catering to sports enthusiasts and families. Additionally, the company's focus on experiential hospitality and unique event offerings contribute to the segment's rapid expansion.

Sponsorships, Net of Activation Costs

Expected Growth: 69%

The 69% growth in Sponsorships, Net of Activation Costs is driven by increasing brand recognition, strategic partnerships, and enhanced fan engagement at the Hall of Fame Village. Additionally, the company's focus on experiential marketing, expanded event offerings, and targeted promotional activities have contributed to this significant growth.

7. Detailed Products

Hotel and Hospitality

Luxury accommodations and amenities at the Hall of Fame Village powered by Johnson Controls

Sports and Entertainment

Live events, concerts, and sports games at the Tom Benson Hall of Fame Stadium

Youth Sports and Tournaments

Youth sports tournaments and training programs at the Hall of Fame Village Sports Complex

Gaming and Esports

Esports tournaments and gaming events at the Hall of Fame Resort's gaming arena

Media and Broadcasting

Media production and broadcasting services for sports and entertainment events

Food and Beverage

Dining options and catering services at the Hall of Fame Resort

Retail and Merchandise

Officially licensed NFL and Hall of Fame merchandise at the resort's retail stores

Meetings and Events

Conference and event spaces at the Hall of Fame Resort

8. Hall of Fame Resort & Entertainment Company's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Hall of Fame Resort & Entertainment Company is medium due to the presence of alternative entertainment options such as movies, video games, and outdoor activities.

Bargaining Power Of Customers

The bargaining power of customers is low due to the unique experience offered by Hall of Fame Resort & Entertainment Company, making it difficult for customers to find alternative options.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium due to the presence of multiple suppliers for goods and services, but the company's dependence on a few key suppliers for critical components.

Threat Of New Entrants

The threat of new entrants is high due to the relatively low barriers to entry in the entertainment industry, making it easier for new companies to enter the market.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established players in the entertainment industry, leading to intense competition for market share.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 63.22%
Debt Cost 7.83%
Equity Weight 36.78%
Equity Cost 12.99%
WACC 9.72%
Leverage 171.92%

11. Quality Control: Hall of Fame Resort & Entertainment Company passed 1 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Alliance Entertainment Holding

A-Score: 4.1/10

Value: 5.7

Growth: 2.7

Quality: 5.9

Yield: 0.0

Momentum: 10.0

Volatility: 0.7

1-Year Total Return ->

Stock-Card
Dolphin Entertainment

A-Score: 3.7/10

Value: 8.6

Growth: 4.0

Quality: 3.6

Yield: 0.0

Momentum: 4.0

Volatility: 2.0

1-Year Total Return ->

Stock-Card
Reservoir Media

A-Score: 3.7/10

Value: 4.5

Growth: 2.6

Quality: 4.5

Yield: 0.0

Momentum: 3.0

Volatility: 7.3

1-Year Total Return ->

Stock-Card
Reading International

A-Score: 3.6/10

Value: 8.2

Growth: 2.7

Quality: 3.4

Yield: 0.0

Momentum: 4.0

Volatility: 3.3

1-Year Total Return ->

Stock-Card
AMC Entertainment Holdings

A-Score: 3.4/10

Value: 8.5

Growth: 3.1

Quality: 5.5

Yield: 0.0

Momentum: 1.5

Volatility: 1.7

1-Year Total Return ->

Stock-Card
HOFRE

A-Score: 3.1/10

Value: 10.0

Growth: 3.7

Quality: 3.6

Yield: 0.0

Momentum: 0.5

Volatility: 0.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.43$

Current Price

0.43$

Potential

-0.00%

Expected Cash-Flows