Monarch Casino & Resort, Inc. (MCRI) vs Marriott Vacations Worldwide Corporation (VAC)

Monarch Casino & Resort, Inc. and Marriott Vacations Worldwide Corporation are both Resorts & Casinos companies. Marriott Vacations Worldwide Corporation is the larger, with a market value of $3.7B against $1.9B — 1.9× the size. Marriott Vacations Worldwide Corporation has negative trailing earnings, so its P/E is not meaningful; Monarch Casino & Resort, Inc. trades at 17.0×. Monarch Casino & Resort, Inc. grew revenue faster over the last twelve months: 4.78% against 4.59%. Monarch Casino & Resort, Inc. has the higher net margin (20.4% vs −4.75%) and the higher return on invested capital (20.3% vs −0.64%). Both pay a dividend; Marriott Vacations Worldwide Corporation yields more (2.99% vs 1.10%). Across the 21 metrics below, Monarch Casino & Resort, Inc. leads on 14 and Marriott Vacations Worldwide Corporation on 7.

Valuation

Metric MCRI VAC Resorts & Casinos median
P/E 16.98 n/m 16.84
P/S 3.44 0.71 0.57
P/B 3.41 1.76 2.02
Price to free cash flow 13.61 22.34 10.86
EV/EBITDA 9.65 n/m 8.92
EV/Sales 3.23 1.63 1.79
Earnings yield 5.89% (6.74%) 2.61%
Free cash flow yield 7.35% 4.48% 7.35%

Profitability

Metric MCRI VAC Resorts & Casinos median
Gross margin 55.53% 90.94% 47.52%
Operating margin 25.46% (1.35%) 12.21%
Net margin 20.35% (4.75%) 3.87%
Free cash flow margin 25.26% 3.17% 5.15%
Return on equity 20.40% (10.91%) 19.64%
Return on assets 15.75% (2.55%) 1.70%
Return on invested capital 20.28% (0.64%) 6.38%

Growth

Metric MCRI VAC Resorts & Casinos median
Revenue growth (TTM) 4.78% 4.59% 3.08%
EPS growth (last fiscal year) 41.56% (257.58%) 3.45%
Revenue growth, 5-year CAGR 24.21% 11.76% 24.21%
Net income growth, 5-year CAGR 33.76% 0.00% 0.00%

Health

Metric MCRI VAC Resorts & Casinos median
Debt to equity 0.02 2.55 0.06
Current ratio 1.17 3.78 0.91
Net debt to EBITDA (0.53) (1,236.75) 4.00

Dividend

Metric MCRI VAC Resorts & Casinos median
Dividend yield 1.10% 2.99% 1.98%
Payout ratio 0.19 — 0.49

Size

Metric MCRI VAC Resorts & Casinos median
Market cap 1.93b 3.69b 3.32b

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