Full House Resorts, Inc. (FLL) vs Melco Resorts & Entertainment Limited (MLCO)

Full House Resorts, Inc. and Melco Resorts & Entertainment Limited are both Resorts & Casinos companies. Melco Resorts & Entertainment Limited is the larger, with a market value of $1.6B against $39.6M — 41.4× the size. Full House Resorts, Inc. has negative trailing earnings, so its P/E is not meaningful; Melco Resorts & Entertainment Limited trades at 6.9×. Melco Resorts & Entertainment Limited grew revenue faster over the last twelve months: 5.99% against 2.76%. Melco Resorts & Entertainment Limited has the higher net margin (4.50% vs −12.1%) and the higher return on invested capital (8.05% vs 1.04%). Across the 19 metrics below, Melco Resorts & Entertainment Limited leads on 14 and Full House Resorts, Inc. on 5.

Valuation

Metric FLL MLCO Resorts & Casinos median
P/E n/m 6.92 17.15
P/S 0.13 0.31 0.53
P/B n/m n/m 2.09
Price to free cash flow 9.94 1.67 9.94
EV/EBITDA 9.11 12.37 8.87
EV/Sales 1.56 1.51 1.78
Earnings yield (94.44%) 14.46% 1.35%
Free cash flow yield 10.06% 59.98% 7.20%

Profitability

Metric FLL MLCO Resorts & Casinos median
Gross margin 52.79% 36.85% 50.85%
Operating margin 2.31% 12.21% 10.41%
Net margin (12.06%) 4.50% 1.28%
Free cash flow margin 1.30% 0.00% 4.23%
Return on equity (936.37%) (19.59%) 5.28%
Return on assets (5.76%) 3.09% 0.57%
Return on invested capital 1.04% 8.05% 5.61%

Growth

Metric FLL MLCO Resorts & Casinos median
Revenue growth (TTM) 2.76% 5.99% 2.76%
EPS growth (last fiscal year) 3.45% 360.00% 8.54%
Revenue growth, 5-year CAGR 19.21% 24.47% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FLL MLCO Resorts & Casinos median
Debt to equity (35.27) (5.43) 1.94
Current ratio 0.62 1.01 0.91
Net debt to EBITDA 8.92 5.04 3.48

Dividend

Metric FLL MLCO Resorts & Casinos median
Dividend yield — — 1.94%
Payout ratio — — 0.37

Size

Metric FLL MLCO Resorts & Casinos median
Market cap 39.57m 1.64b 2.44b

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