Bally's Corporation (BALY) vs Vail Resorts, Inc. (MTN)

Bally's Corporation and Vail Resorts, Inc. are both Resorts & Casinos companies. Vail Resorts, Inc. is the larger, with a market value of $4.9B against $709.1M — 6.9× the size. Bally's Corporation has negative trailing earnings, so its P/E is not meaningful; Vail Resorts, Inc. trades at 30.9×. Bally's Corporation grew revenue faster over the last twelve months: 20.4% against −4.29%. Vail Resorts, Inc. has the higher net margin (5.54% vs −25.8%) and the higher return on invested capital (7.57% vs −2.18%). Across the 20 metrics below, Vail Resorts, Inc. leads on 12 and Bally's Corporation on 8.

Valuation

Metric BALY MTN Resorts & Casinos median
P/E n/m 30.86 18.52
P/S 0.29 1.71 0.54
P/B 0.39 5.29 2.13
Price to free cash flow n/m 25.84 13.62
EV/EBITDA 14.84 10.26 9.18
EV/Sales 1.65 2.64 1.80
Earnings yield (91.74%) 3.24% 1.69%
Free cash flow yield (113.94%) 3.87% 6.51%

Profitability

Metric BALY MTN Resorts & Casinos median
Gross margin 52.69% 41.63% 50.85%
Operating margin (7.30%) 15.20% 10.41%
Net margin (25.83%) 5.54% 1.28%
Free cash flow margin (32.67%) 6.63% 4.23%
Return on equity (54.34%) 14.70% 5.28%
Return on assets (8.22%) 2.74% 0.57%
Return on invested capital (2.18%) 7.57% 5.61%

Growth

Metric BALY MTN Resorts & Casinos median
Revenue growth (TTM) 20.38% (4.29%) 2.76%
EPS growth (last fiscal year) (1.05%) 24.05% —
Revenue growth, 5-year CAGR 48.11% 8.59% 24.21%
Net income growth, 5-year CAGR 0.00% 23.16% 0.00%

Health

Metric BALY MTN Resorts & Casinos median
Debt to equity 2.08 3.30 1.94
Current ratio 0.91 0.91 0.91
Net debt to EBITDA 19.48 3.20 3.08

Dividend

Metric BALY MTN Resorts & Casinos median
Dividend yield — 3.81% 1.27%
Payout ratio — 1.18 0.00

Size

Metric BALY MTN Resorts & Casinos median
Market cap 709.10m 4.91b 2.43b

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