Vail Resorts, Inc. (MTN) vs PENN Entertainment, Inc. (PENN)

Vail Resorts, Inc. and PENN Entertainment, Inc. are both Resorts & Casinos companies. Vail Resorts, Inc. is the larger, with a market value of $4.9B against $2.1B — 2.3× the size. PENN Entertainment, Inc. has negative trailing earnings, so its P/E is not meaningful; Vail Resorts, Inc. trades at 30.9×. PENN Entertainment, Inc. grew revenue faster over the last twelve months: 6.14% against −4.29%. Vail Resorts, Inc. has the higher net margin (5.54% vs −12.7%) and the higher return on invested capital (7.57% vs −4.38%). Across the 20 metrics below, Vail Resorts, Inc. leads on 14 and PENN Entertainment, Inc. on 6.

Valuation

Metric MTN PENN Resorts & Casinos median
P/E 30.86 n/m 18.52
P/S 1.71 0.29 0.54
P/B 5.29 1.13 2.13
Price to free cash flow 25.84 55.21 13.62
EV/EBITDA 10.26 n/m 9.18
EV/Sales 2.64 1.16 1.80
Earnings yield 3.24% (40.58%) 1.69%
Free cash flow yield 3.87% 1.81% 6.51%

Profitability

Metric MTN PENN Resorts & Casinos median
Gross margin 41.63% 35.16% 50.85%
Operating margin 15.20% (7.89%) 10.41%
Net margin 5.54% (12.66%) 1.28%
Free cash flow margin 6.63% 0.53% 4.23%
Return on equity 14.70% (37.49%) 5.28%
Return on assets 2.74% (6.19%) 0.57%
Return on invested capital 7.57% (4.38%) 5.61%

Growth

Metric MTN PENN Resorts & Casinos median
Revenue growth (TTM) (4.29%) 6.14% 2.76%
EPS growth (last fiscal year) 24.05% (184.39%) —
Revenue growth, 5-year CAGR 8.59% 14.23% 24.21%
Net income growth, 5-year CAGR 23.16% 0.00% 0.00%

Health

Metric MTN PENN Resorts & Casinos median
Debt to equity 3.30 3.83 1.94
Current ratio 0.91 0.89 0.91
Net debt to EBITDA 3.20 (30.04) 3.08

Dividend

Metric MTN PENN Resorts & Casinos median
Dividend yield 3.81% — 1.27%
Payout ratio 1.18 0.00 0.00

Size

Metric MTN PENN Resorts & Casinos median
Market cap 4.91b 2.09b 2.43b

Compare with another peer

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