Bally's Corporation (BALY) vs Melco Resorts & Entertainment Limited (MLCO)

Bally's Corporation and Melco Resorts & Entertainment Limited are both Resorts & Casinos companies. Melco Resorts & Entertainment Limited is the larger, with a market value of $1.7B against $636.9M — 2.7× the size. Bally's Corporation has negative trailing earnings, so its P/E is not meaningful; Melco Resorts & Entertainment Limited trades at 7.6×. Bally's Corporation grew revenue faster over the last twelve months: 20.4% against 5.99%. Melco Resorts & Entertainment Limited has the higher net margin (4.50% vs −25.8%) and the higher return on invested capital (8.05% vs −2.18%). Across the 18 metrics below, Melco Resorts & Entertainment Limited leads on 14 and Bally's Corporation on 4.

Valuation

Metric BALY MLCO Resorts & Casinos median
P/E n/m 7.60 16.84
P/S 0.26 0.34 0.57
P/B 0.35 n/m 2.02
Price to free cash flow n/m 1.83 10.86
EV/EBITDA 14.56 12.62 8.92
EV/Sales 1.61 1.54 1.79
Earnings yield (102.67%) 13.16% 2.61%
Free cash flow yield (127.51%) 54.59% 7.35%

Profitability

Metric BALY MLCO Resorts & Casinos median
Gross margin 52.69% 36.85% 47.52%
Operating margin (7.30%) 12.21% 12.21%
Net margin (25.83%) 4.50% 3.87%
Free cash flow margin (32.67%) 0.00% 5.15%
Return on equity (54.34%) (19.59%) 19.64%
Return on assets (8.22%) 3.09% 1.70%
Return on invested capital (2.18%) 8.05% 6.38%

Growth

Metric BALY MLCO Resorts & Casinos median
Revenue growth (TTM) 20.38% 5.99% 3.08%
EPS growth (last fiscal year) (0.60%) 360.00% 3.45%
Revenue growth, 5-year CAGR 48.11% 24.47% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BALY MLCO Resorts & Casinos median
Debt to equity 2.08 (5.43) 0.06
Current ratio 0.91 1.01 0.91
Net debt to EBITDA 19.48 5.04 4.00

Dividend

Metric BALY MLCO Resorts & Casinos median
Dividend yield — — 1.98%
Payout ratio — — 0.49

Size

Metric BALY MLCO Resorts & Casinos median
Market cap 636.93m 1.73b 3.32b

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