Caesars Entertainment, Inc. (CZR) vs Vail Resorts, Inc. (MTN)

Caesars Entertainment, Inc. and Vail Resorts, Inc. are both Resorts & Casinos companies. Caesars Entertainment, Inc. is the larger, with a market value of $6.0B against $4.9B — 1.2× the size. Caesars Entertainment, Inc. has negative trailing earnings, so its P/E is not meaningful; Vail Resorts, Inc. trades at 30.9×. Caesars Entertainment, Inc. grew revenue faster over the last twelve months: 2.41% against −4.29%. Vail Resorts, Inc. has the higher net margin (5.54% vs −3.99%) and the higher return on invested capital (7.57% vs 7.36%). Across the 21 metrics below, Caesars Entertainment, Inc. leads on 12 and Vail Resorts, Inc. on 9.

Valuation

Metric CZR MTN Resorts & Casinos median
P/E n/m 30.86 18.52
P/S 0.52 1.71 0.54
P/B 1.70 5.29 2.13
Price to free cash flow 7.31 25.84 13.62
EV/EBITDA 5.01 10.26 9.18
EV/Sales 1.57 2.64 1.80
Earnings yield (7.70%) 3.24% 1.69%
Free cash flow yield 13.68% 3.87% 6.51%

Profitability

Metric CZR MTN Resorts & Casinos median
Gross margin 53.21% 41.63% 50.85%
Operating margin 15.94% 15.20% 10.41%
Net margin (3.99%) 5.54% 1.28%
Free cash flow margin 7.25% 6.63% 4.23%
Return on equity (12.12%) 14.70% 5.28%
Return on assets (1.45%) 2.74% 0.57%
Return on invested capital 7.36% 7.57% 5.61%

Growth

Metric CZR MTN Resorts & Casinos median
Revenue growth (TTM) 2.41% (4.29%) 2.76%
EPS growth (last fiscal year) (87.60%) 24.05% —
Revenue growth, 5-year CAGR 25.92% 8.59% 24.21%
Net income growth, 5-year CAGR 0.00% 23.16% 0.00%

Health

Metric CZR MTN Resorts & Casinos median
Debt to equity 3.74 3.30 1.94
Current ratio 0.85 0.91 0.91
Net debt to EBITDA 2.95 3.20 3.08

Dividend

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

Size

Metric CZR MTN Resorts & Casinos median
Market cap 6.02b 4.91b 2.43b

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