Bally's Corporation (BALY) vs Monarch Casino & Resort, Inc. (MCRI)

Bally's Corporation and Monarch Casino & Resort, Inc. are both Resorts & Casinos companies. Monarch Casino & Resort, Inc. is the larger, with a market value of $2.1B against $709.1M — 3.0× the size. Bally's Corporation has negative trailing earnings, so its P/E is not meaningful; Monarch Casino & Resort, Inc. trades at 18.5×. Bally's Corporation grew revenue faster over the last twelve months: 20.4% against 5.10%. Monarch Casino & Resort, Inc. has the higher net margin (20.4% vs −25.8%) and the higher return on invested capital (20.1% vs −2.18%). Across the 20 metrics below, Monarch Casino & Resort, Inc. leads on 15 and Bally's Corporation on 5.

Valuation

Metric BALY MCRI Resorts & Casinos median
P/E n/m 18.48 18.52
P/S 0.29 3.74 0.54
P/B 0.39 3.65 2.13
Price to free cash flow n/m 13.62 13.62
EV/EBITDA 14.84 10.45 9.18
EV/Sales 1.65 3.52 1.80
Earnings yield (91.74%) 5.41% 1.69%
Free cash flow yield (113.94%) 7.34% 6.51%

Profitability

Metric BALY MCRI Resorts & Casinos median
Gross margin 52.69% 55.49% 50.85%
Operating margin (7.30%) 25.06% 10.41%
Net margin (25.83%) 20.40% 1.28%
Free cash flow margin (32.67%) 27.49% 4.23%
Return on equity (54.34%) 20.54% 5.28%
Return on assets (8.22%) 15.85% 0.57%
Return on invested capital (2.18%) 20.07% 5.61%

Growth

Metric BALY MCRI Resorts & Casinos median
Revenue growth (TTM) 20.38% 5.10% 2.76%
EPS growth (last fiscal year) (1.05%) 41.56% —
Revenue growth, 5-year CAGR 48.11% 24.21% 24.21%
Net income growth, 5-year CAGR 0.00% 33.76% 0.00%

Health

Metric BALY MCRI Resorts & Casinos median
Debt to equity 2.08 0.00 1.94
Current ratio 0.91 1.21 0.91
Net debt to EBITDA 19.48 (0.53) 3.08

Dividend

Metric BALY MCRI Resorts & Casinos median
Dividend yield — 8.33% 1.27%
Payout ratio — 1.15 0.00

Size

Metric BALY MCRI Resorts & Casinos median
Market cap 709.10m 2.12b 2.43b

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