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 $3.9B against $2.0B — 1.9× the size. PENN Entertainment, Inc. grew revenue faster over the last twelve months: 6.14% against 1.67%. Marriott Vacations Worldwide Corporation has the higher net margin (−6.47% vs −12.7%) and the higher return on invested capital (−1.51% vs −4.38%). Across the 19 metrics below, Marriott Vacations Worldwide Corporation leads on 13 and PENN Entertainment, Inc. on 6.

Valuation

Metric PENN VAC Resorts & Casinos median
P/E n/m n/m 17.15
P/S 0.28 0.75 0.53
P/B 1.08 1.88 2.09
Price to free cash flow 52.70 37.91 9.94
EV/EBITDA n/m n/m 8.87
EV/Sales 1.15 1.71 1.78
Earnings yield (42.50%) (8.68%) 1.35%
Free cash flow yield 1.90% 2.64% 7.20%

Profitability

Metric PENN VAC Resorts & Casinos median
Gross margin 35.16% 90.72% 50.85%
Operating margin (7.89%) (3.27%) 10.41%
Net margin (12.66%) (6.47%) 1.28%
Free cash flow margin 0.53% 1.98% 4.23%
Return on equity (37.49%) (14.71%) 5.28%
Return on assets (6.19%) (3.45%) 0.57%
Return on invested capital (4.38%) (1.51%) 5.61%

Growth

Metric PENN VAC Resorts & Casinos median
Revenue growth (TTM) 6.14% 1.67% 2.76%
EPS growth (last fiscal year) (184.39%) (257.58%) 8.54%
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 3.83 2.65 1.94
Current ratio 0.89 3.56 0.91
Net debt to EBITDA (30.04) (1,236.75) 3.48

Dividend

Metric PENN VAC Resorts & Casinos median
Dividend yield — 2.88% 1.94%
Payout ratio — — 0.37

Size

Metric PENN VAC Resorts & Casinos median
Market cap 2.04b 3.86b 2.44b

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