Full House Resorts, Inc. (FLL) vs PENN Entertainment, Inc. (PENN)

Full House Resorts, Inc. and PENN Entertainment, Inc. are both Resorts & Casinos companies. PENN Entertainment, Inc. is the larger, with a market value of $2.1B against $64.1M — 32.6× the size. PENN Entertainment, Inc. grew revenue faster over the last twelve months: 6.14% against 2.76%. Full House Resorts, Inc. has the higher net margin (−12.1% vs −12.7%) and the higher return on invested capital (1.04% vs −4.38%). Across the 18 metrics below, Full House Resorts, Inc. leads on 12 and PENN Entertainment, Inc. on 6.

Valuation

Metric FLL PENN Resorts & Casinos median
P/E n/m n/m 18.52
P/S 0.20 0.29 0.54
P/B n/m 1.13 2.13
Price to free cash flow 15.56 55.21 13.62
EV/EBITDA 9.61 n/m 9.18
EV/Sales 1.65 1.16 1.80
Earnings yield (60.36%) (40.58%) 1.69%
Free cash flow yield 6.43% 1.81% 6.51%

Profitability

Metric FLL PENN Resorts & Casinos median
Gross margin 52.79% 35.16% 50.85%
Operating margin 2.31% (7.89%) 10.41%
Net margin (12.06%) (12.66%) 1.28%
Free cash flow margin 1.30% 0.53% 4.23%
Return on equity (936.37%) (37.49%) 5.28%
Return on assets (5.76%) (6.19%) 0.57%
Return on invested capital 1.04% (4.38%) 5.61%

Growth

Metric FLL PENN Resorts & Casinos median
Revenue growth (TTM) 2.76% 6.14% 2.76%
EPS growth (last fiscal year) 3.45% (184.39%) —
Revenue growth, 5-year CAGR 19.21% 14.23% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FLL PENN Resorts & Casinos median
Debt to equity (35.27) 3.83 1.94
Current ratio 0.62 0.89 0.91
Net debt to EBITDA 8.92 (30.04) 3.08

Dividend

Metric FLL PENN Resorts & Casinos median
Dividend yield — — 1.27%
Payout ratio 0.00 0.00 0.00

Size

Metric FLL PENN Resorts & Casinos median
Market cap 64.13m 2.09b 2.43b

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