Added to YB: 2024-06-21
Pitch date: 2024-06-20
MCRI [bullish]
Monarch Casino & Resort, Inc.
+47.48%
current return
Author Info
Company Info
Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates hotels and casinos. It owns and operates the Atlantis Casino Resort Spa in Reno, Nevada; and the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado.
Market Cap
$1.7B
Pitch Price
$66.98
Price Target
N/A
Dividend
1.26%
EV/EBITDA
8.80
P/E
21.68
EV/Sales
3.06
Sector
Hotels, Restaurants and Leisure
Category
growth
One Hour Analysis: Monarch Casino & Resort ($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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