Hilton Grand Vacations Inc. (HGV) vs STUDIO CITY IH (MSC)

Hilton Grand Vacations Inc. and STUDIO CITY IH are both Resorts & Casinos companies. Hilton Grand Vacations Inc. is the larger, with a market value of $2.9B against $151.1M — 19.3× the size. STUDIO CITY IH has negative trailing earnings, so its P/E is not meaningful; Hilton Grand Vacations Inc. trades at 7.6×. Hilton Grand Vacations Inc. grew revenue faster over the last twelve months: 18.8% against 0.71%. Hilton Grand Vacations Inc. has the higher net margin (7.02% vs −7.57%) and the higher return on invested capital (6.38% vs 1.95%). Across the 20 metrics below, Hilton Grand Vacations Inc. leads on 12 and STUDIO CITY IH on 8.

Valuation

Metric HGV MSC Resorts & Casinos median
P/E 7.64 n/m 16.68
P/S 0.53 0.28 0.53
P/B 2.14 0.36 2.07
Price to free cash flow 7.91 2.05 10.14
EV/EBITDA 8.32 27.46 8.72
EV/Sales 1.76 3.00 1.76
Earnings yield 13.09% (27.38%) 2.68%
Free cash flow yield 12.64% 48.67% 7.54%

Profitability

Metric HGV MSC Resorts & Casinos median
Gross margin 39.57% 69.26% 49.13%
Operating margin 15.04% 10.92% 12.21%
Net margin 7.02% (7.57%) 3.87%
Free cash flow margin 6.70% 0.00% 1.98%
Return on equity 27.71% (9.30%) 0.14%
Return on assets 3.55% (1.84%) 1.70%
Return on invested capital 6.38% 1.95% 6.38%

Growth

Metric HGV MSC Resorts & Casinos median
Revenue growth (TTM) 18.79% 0.71% 2.76%
EPS growth (last fiscal year) 97.78% 38.00% 3.45%
Revenue growth, 5-year CAGR 41.36% 69.80% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HGV MSC Resorts & Casinos median
Debt to equity 5.29 3.73 1.68
Current ratio 5.15 0.76 0.91
Net debt to EBITDA 8.30 6.68 4.00

Dividend

Metric HGV MSC Resorts & Casinos median
Dividend yield — — 1.89%
Payout ratio — — 0.37

Size

Metric HGV MSC Resorts & Casinos median
Market cap 2.91b 151.05m 2.91b

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