Full House Resorts, Inc. (FLL) vs Monarch Casino & Resort, Inc. (MCRI)

Full House Resorts, Inc. 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 $64.1M — 33.1× the size. Full House Resorts, Inc. has negative trailing earnings, so its P/E is not meaningful; Monarch Casino & Resort, Inc. trades at 18.5×. Monarch Casino & Resort, Inc. grew revenue faster over the last twelve months: 5.10% against 2.76%. Monarch Casino & Resort, Inc. has the higher net margin (20.4% vs −12.1%) and the higher return on invested capital (20.1% vs 1.04%). Across the 20 metrics below, Monarch Casino & Resort, Inc. leads on 16 and Full House Resorts, Inc. on 4.

Valuation

Metric FLL MCRI Resorts & Casinos median
P/E n/m 18.48 18.52
P/S 0.20 3.74 0.54
P/B n/m 3.65 2.13
Price to free cash flow 15.56 13.62 13.62
EV/EBITDA 9.61 10.45 9.18
EV/Sales 1.65 3.52 1.80
Earnings yield (60.36%) 5.41% 1.69%
Free cash flow yield 6.43% 7.34% 6.51%

Profitability

Metric FLL MCRI Resorts & Casinos median
Gross margin 52.79% 55.49% 50.85%
Operating margin 2.31% 25.06% 10.41%
Net margin (12.06%) 20.40% 1.28%
Free cash flow margin 1.30% 27.49% 4.23%
Return on equity (936.37%) 20.54% 5.28%
Return on assets (5.76%) 15.85% 0.57%
Return on invested capital 1.04% 20.07% 5.61%

Growth

Metric FLL MCRI Resorts & Casinos median
Revenue growth (TTM) 2.76% 5.10% 2.76%
EPS growth (last fiscal year) 3.45% 41.56% —
Revenue growth, 5-year CAGR 19.21% 24.21% 24.21%
Net income growth, 5-year CAGR 0.00% 33.76% 0.00%

Health

Metric FLL MCRI Resorts & Casinos median
Debt to equity (35.27) 0.00 1.94
Current ratio 0.62 1.21 0.91
Net debt to EBITDA 8.92 (0.53) 3.08

Dividend

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

Size

Metric FLL MCRI Resorts & Casinos median
Market cap 64.13m 2.12b 2.43b

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