PENN Entertainment, Inc. (PENN) vs Marriott Vacations Worldwide Corporation (VAC)

PENN Entertainment, 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 $2.3B — 1.6× the size. PENN Entertainment, Inc. grew revenue faster over the last twelve months: 6.72% against 4.59%. PENN Entertainment, Inc. has the higher net margin (−0.12% vs −4.75%) and the higher return on invested capital (24.8% vs −0.64%). Across the 19 metrics below, PENN Entertainment, Inc. leads on 16 and Marriott Vacations Worldwide Corporation on 3.

Valuation

Metric PENN VAC Resorts & Casinos median
P/E n/m n/m 16.84
P/S 0.32 0.71 0.57
P/B 1.22 1.76 2.02
Price to free cash flow 9.91 22.34 10.86
EV/EBITDA n/m n/m 8.92
EV/Sales 1.15 1.63 1.79
Earnings yield (0.40%) (6.74%) 2.61%
Free cash flow yield 10.09% 4.48% 7.35%

Profitability

Metric PENN VAC Resorts & Casinos median
Gross margin 0.00% 90.94% 47.52%
Operating margin 4.65% (1.35%) 12.21%
Net margin (0.12%) (4.75%) 3.87%
Free cash flow margin 4.01% 3.17% 5.15%
Return on equity (0.47%) (10.91%) 19.64%
Return on assets (0.06%) (2.55%) 1.70%
Return on invested capital 24.83% (0.64%) 6.38%

Growth

Metric PENN VAC Resorts & Casinos median
Revenue growth (TTM) 6.72% 4.59% 3.08%
EPS growth (last fiscal year) (184.39%) (257.58%) 3.45%
Revenue growth, 5-year CAGR 14.23% 11.76% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PENN VAC Resorts & Casinos median
Debt to equity 0.00 2.55 0.06
Current ratio 0.96 3.78 0.91
Net debt to EBITDA (30.04) (1,236.75) 4.00

Dividend

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

Size

Metric PENN VAC Resorts & Casinos median
Market cap 2.32b 3.69b 3.32b

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