Added to YB: 2024-06-21
Pitch date: 2024-06-20
MCRI [bullish]
Monarch Casino & Resort, Inc.
+74.14%
current return
Author Info
Company Info
Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates hotels and casinos. It owns and operates hotels and casinos under the Atlantis Casino Resort Spa in Reno, Nevada and the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado.
Market Cap
$2.1B
Pitch Price
$66.77
Price Target
N/A
Dividend
1.00%
EV/EBITDA
9.88
P/E
20.22
EV/Sales
3.61
Sector
Hotels, Restaurants and Leisure
Category
growth
One Hour Analysis: Monarch Casino & Resort ($MCRI) What’s Not to Like? Debt Free, Shareholder Friendly, Free Cash Flowing Machine.
MCRI: Regional casino operator with net cash, trading at 7.2x TTM EBITDA. Recently completed $900M property upgrades expected to drive significant FCF growth to $120-140M/year. Mgmt owns 25%, has track record of dividends & could pursue M&A. Upside potential from gaining share in Reno & Black Hawk markets, developing 40 acres in Reno, or acquiring $FLL casinos. Low expectations & strong balance sheet provide downside protection in recession.
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