Added to YB: 2024-06-21
Pitch date: 2024-06-20
MCRI [bullish]
Monarch Casino & Resort, Inc.
+43.48%
current return
Author Info
Company Info
Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino facility in Reno, Nevada.
Market Cap
$1.7B
Pitch Price
$66.98
Price Target
N/A
Dividend
1.29%
EV/EBITDA
8.19
P/E
17.19
EV/Sales
2.90
Sector
Hotels, Restaurants and Leisure
Category
growth
One Hour Analysis: Monarch Casino & Resort ($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.
Read full article (12 min)