STUDIO CITY IH (MSC) vs PENN Entertainment, Inc. (PENN)

STUDIO CITY IH and PENN Entertainment, Inc. are both Resorts & Casinos companies. PENN Entertainment, Inc. is the larger, with a market value of $2.1B against $188.8M — 11.2× the size. PENN Entertainment, Inc. grew revenue faster over the last twelve months: 6.14% against 0.71%. STUDIO CITY IH has the higher net margin (−7.57% vs −12.7%) and the higher return on invested capital (1.95% vs −4.38%). Across the 19 metrics below, STUDIO CITY IH leads on 14 and PENN Entertainment, Inc. on 5.

Valuation

Metric MSC PENN Resorts & Casinos median
P/E n/m n/m 17.31
P/S 0.28 0.29 0.52
P/B 0.36 1.12 2.07
Price to free cash flow 2.05 54.61 11.14
EV/EBITDA 27.46 n/m 8.85
EV/Sales 3.00 1.16 1.78
Earnings yield (27.38%) (41.02%) 1.39%
Free cash flow yield 48.67% 1.83% 7.16%

Profitability

Metric MSC PENN Resorts & Casinos median
Gross margin 69.26% 35.16% 50.85%
Operating margin 10.92% (7.89%) 10.41%
Net margin (7.57%) (12.66%) 1.28%
Free cash flow margin 0.00% 0.53% 4.23%
Return on equity (9.30%) (37.49%) 5.28%
Return on assets (1.84%) (6.19%) 0.57%
Return on invested capital 1.95% (4.38%) 5.61%

Growth

Metric MSC PENN Resorts & Casinos median
Revenue growth (TTM) 0.71% 6.14% 2.76%
EPS growth (last fiscal year) 38.00% (184.39%) 8.54%
Revenue growth, 5-year CAGR 69.80% 14.23% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MSC PENN Resorts & Casinos median
Debt to equity 3.73 3.83 1.94
Current ratio 0.76 0.89 0.91
Net debt to EBITDA 6.68 (30.04) 3.48

Dividend

Metric MSC PENN Resorts & Casinos median
Dividend yield — — 1.94%
Payout ratio — — 0.37

Size

Metric MSC PENN Resorts & Casinos median
Market cap 188.78m 2.11b 2.40b

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