Hilton Grand Vacations Inc. (HGV) vs PENN Entertainment, Inc. (PENN)

Hilton Grand Vacations Inc. and PENN Entertainment, Inc. are both Resorts & Casinos companies. Hilton Grand Vacations Inc. is the larger, with a market value of $2.7B against $2.1B — 1.3× the size. PENN Entertainment, Inc. has negative trailing earnings, so its P/E is not meaningful; Hilton Grand Vacations Inc. trades at 20.1×. PENN Entertainment, Inc. grew revenue faster over the last twelve months: 6.14% against 5.44%. Hilton Grand Vacations Inc. has the higher net margin (2.86% vs −12.7%) and the higher return on invested capital (3.86% vs −4.38%). Across the 19 metrics below, Hilton Grand Vacations Inc. leads on 13 and PENN Entertainment, Inc. on 6.

Valuation

Metric HGV PENN Resorts & Casinos median
P/E 20.13 n/m 18.52
P/S 0.54 0.29 0.54
P/B 2.26 1.13 2.13
Price to free cash flow 8.31 55.21 13.62
EV/EBITDA 11.44 n/m 9.18
EV/Sales 1.90 1.16 1.80
Earnings yield 4.97% (40.58%) 1.69%
Free cash flow yield 12.03% 1.81% 6.51%

Profitability

Metric HGV PENN Resorts & Casinos median
Gross margin 37.04% 35.16% 50.85%
Operating margin 9.89% (7.89%) 10.41%
Net margin 2.86% (12.66%) 1.28%
Free cash flow margin 6.48% 0.53% 4.23%
Return on equity 10.42% (37.49%) 5.28%
Return on assets 1.26% (6.19%) 0.57%
Return on invested capital 3.86% (4.38%) 5.61%

Growth

Metric HGV PENN Resorts & Casinos median
Revenue growth (TTM) 5.44% 6.14% 2.76%
EPS growth (last fiscal year) 97.78% (184.39%) —
Revenue growth, 5-year CAGR 41.36% 14.23% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HGV PENN Resorts & Casinos median
Debt to equity 6.18 3.83 1.94
Current ratio 5.02 0.89 0.91
Net debt to EBITDA 8.30 (30.04) 3.08

Dividend

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

Size

Metric HGV PENN Resorts & Casinos median
Market cap 2.73b 2.09b 2.43b

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