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 $3.9B against $2.1B — 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 17.8×. Monarch Casino & Resort, Inc. grew revenue faster over the last twelve months: 5.10% against 1.67%. Monarch Casino & Resort, Inc. has the higher net margin (20.4% vs −6.47%) and the higher return on invested capital (20.1% vs −1.51%). Both pay a dividend; Marriott Vacations Worldwide Corporation yields more (2.88% vs 1.06%). 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 17.83 n/m 17.15
P/S 3.61 0.75 0.53
P/B 3.52 1.88 2.09
Price to free cash flow 13.14 37.91 9.94
EV/EBITDA 10.06 n/m 8.87
EV/Sales 3.39 1.71 1.78
Earnings yield 5.61% (8.68%) 1.35%
Free cash flow yield 7.61% 2.64% 7.20%

Profitability

Metric MCRI VAC Resorts & Casinos median
Gross margin 55.49% 90.72% 50.85%
Operating margin 25.06% (3.27%) 10.41%
Net margin 20.40% (6.47%) 1.28%
Free cash flow margin 27.49% 1.98% 4.23%
Return on equity 20.54% (14.71%) 5.28%
Return on assets 15.85% (3.45%) 0.57%
Return on invested capital 20.07% (1.51%) 5.61%

Growth

Metric MCRI VAC Resorts & Casinos median
Revenue growth (TTM) 5.10% 1.67% 2.76%
EPS growth (last fiscal year) 41.56% (257.58%) 8.54%
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 0.00 2.65 1.94
Current ratio 1.21 3.56 0.91
Net debt to EBITDA (0.53) (1,236.75) 3.48

Dividend

Metric MCRI VAC Resorts & Casinos median
Dividend yield 1.06% 2.88% 1.94%
Payout ratio 0.19 — 0.37

Size

Metric MCRI VAC Resorts & Casinos median
Market cap 2.07b 3.86b 2.44b

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