Monarch Casino & Resort, Inc. (MCRI) vs Red Rock Resorts, Inc. (RRR)

Monarch Casino & Resort, Inc. and Red Rock Resorts, Inc. are both Resorts & Casinos companies. Red Rock Resorts, Inc. is the larger, with a market value of $5.4B against $2.1B — 2.6× the size. Red Rock Resorts, Inc. trades at the lower P/E: 17.5× against 18.5×. Monarch Casino & Resort, Inc. grew revenue faster over the last twelve months: 5.10% against 0.86%. Monarch Casino & Resort, Inc. has the higher net margin (20.4% vs 8.43%) and the higher return on invested capital (20.1% vs 9.19%). Both pay a dividend; Monarch Casino & Resort, Inc. yields more (8.33% vs 3.24%). Across the 23 metrics below, Monarch Casino & Resort, Inc. leads on 15 and Red Rock Resorts, Inc. on 8.

Valuation

Metric MCRI RRR Resorts & Casinos median
P/E 18.48 17.50 18.52
P/S 3.74 1.47 0.54
P/B 3.65 10.07 2.13
Price to free cash flow 13.62 15.19 13.62
EV/EBITDA 10.45 8.33 9.18
EV/Sales 3.52 3.20 1.80
Earnings yield 5.41% 5.71% 1.69%
Free cash flow yield 7.34% 6.58% 6.51%

Profitability

Metric MCRI RRR Resorts & Casinos median
Gross margin 55.49% 62.13% 50.85%
Operating margin 25.06% 27.67% 10.41%
Net margin 20.40% 8.43% 1.28%
Free cash flow margin 27.49% 9.65% 4.23%
Return on equity 20.54% 57.37% 5.28%
Return on assets 15.85% 4.02% 0.57%
Return on invested capital 20.07% 9.19% 5.61%

Growth

Metric MCRI RRR Resorts & Casinos median
Revenue growth (TTM) 5.10% 0.86% 2.76%
EPS growth (last fiscal year) 41.56% 23.32% —
Revenue growth, 5-year CAGR 24.21% 11.21% 24.21%
Net income growth, 5-year CAGR 33.76% 0.00% 0.00%

Health

Metric MCRI RRR Resorts & Casinos median
Debt to equity 0.00 12.39 1.94
Current ratio 1.21 0.68 0.91
Net debt to EBITDA (0.53) 4.13 3.08

Dividend

Metric MCRI RRR Resorts & Casinos median
Dividend yield 8.33% 3.24% 1.27%
Payout ratio 1.15 0.27 0.00

Size

Metric MCRI RRR Resorts & Casinos median
Market cap 2.12b 5.42b 2.43b

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