Melco Resorts & Entertainment Limited (MLCO) vs Marriott Vacations Worldwide Corporation (VAC)

Melco Resorts & Entertainment Limited 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 $1.7B — 2.1× the size. Marriott Vacations Worldwide Corporation has negative trailing earnings, so its P/E is not meaningful; Melco Resorts & Entertainment Limited trades at 7.6×. Melco Resorts & Entertainment Limited grew revenue faster over the last twelve months: 5.99% against 4.59%. Melco Resorts & Entertainment Limited has the higher net margin (4.50% vs −4.75%) and the higher return on invested capital (8.05% vs −0.64%). Across the 18 metrics below, Melco Resorts & Entertainment Limited leads on 13 and Marriott Vacations Worldwide Corporation on 5.

Valuation

Metric MLCO VAC Resorts & Casinos median
P/E 7.60 n/m 16.84
P/S 0.34 0.71 0.57
P/B n/m 1.76 2.02
Price to free cash flow 1.83 22.34 10.86
EV/EBITDA 12.62 n/m 8.92
EV/Sales 1.54 1.63 1.79
Earnings yield 13.16% (6.74%) 2.61%
Free cash flow yield 54.59% 4.48% 7.35%

Profitability

Metric MLCO VAC Resorts & Casinos median
Gross margin 36.85% 90.94% 47.52%
Operating margin 12.21% (1.35%) 12.21%
Net margin 4.50% (4.75%) 3.87%
Free cash flow margin 0.00% 3.17% 5.15%
Return on equity (19.59%) (10.91%) 19.64%
Return on assets 3.09% (2.55%) 1.70%
Return on invested capital 8.05% (0.64%) 6.38%

Growth

Metric MLCO VAC Resorts & Casinos median
Revenue growth (TTM) 5.99% 4.59% 3.08%
EPS growth (last fiscal year) 360.00% (257.58%) 3.45%
Revenue growth, 5-year CAGR 24.47% 11.76% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MLCO VAC Resorts & Casinos median
Debt to equity (5.43) 2.55 0.06
Current ratio 1.01 3.78 0.91
Net debt to EBITDA 5.04 (1,236.75) 4.00

Dividend

Metric MLCO VAC Resorts & Casinos median
Dividend yield — 2.99% 1.98%
Payout ratio — — 0.49

Size

Metric MLCO VAC Resorts & Casinos median
Market cap 1.73b 3.69b 3.32b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack