NasdaqCM:FLL

Stock Analysis Report

Executive Summary

Full House Resorts, Inc. owns, develops, operates, manages, leases, and/or invests in casinos, and related hospitality and entertainment facilities in the United States.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Share Price & News

How has Full House Resorts's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

FLL

3.4%

US Hospitality

3.4%

US Market


1 Year Return

-24.9%

FLL

1.1%

US Hospitality

5.4%

US Market

Return vs Industry: FLL underperformed the US Hospitality industry which returned 1.1% over the past year.

Return vs Market: FLL underperformed the US Market which returned 5.4% over the past year.


Shareholder returns

FLLIndustryMarket
7 Day0%3.4%3.4%
30 Day11.3%-5.3%-1.0%
90 Day16.0%-4.9%-0.4%
1 Year-24.9%-24.9%3.6%1.1%7.7%5.4%
3 Year37.3%37.3%42.8%33.5%46.2%36.8%
5 Year70.9%70.9%40.7%25.0%65.6%47.5%

Price Volatility Vs. Market

How volatile is Full House Resorts's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Full House Resorts undervalued compared to its fair value and its price relative to the market?

1.02x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate FLL's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate FLL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FLL is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.

PE vs Market: FLL is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate FLL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FLL is good value based on its PB Ratio (1x) compared to the US Hospitality industry average (2.1x).


Next Steps

Future Growth

How is Full House Resorts forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

80.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FLL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FLL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: FLL's revenue (4% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: FLL's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: FLL is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Full House Resorts performed over the past 5 years?

32.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FLL is unprofitable, but has reduced losses over the past 5 years at a rate of 32.3% per year.

Accelerating Growth: Unable to compare FLL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FLL is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-13.9%).


Return on Equity

High ROE: FLL has a negative Return on Equity (-3.58%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: FLL is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: FLL is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Full House Resorts's financial position?


Financial Position Analysis

Short Term Liabilities: FLL's short term assets ($32.4M) exceeds its short term liabilities ($21.4M)

Long Term Liabilities: FLL's short term assets (32.4M) do not cover its long term liabilities (126.4M)


Debt to Equity History and Analysis

Debt Level: FLL's debt to equity ratio (181.5%) is considered high

Reducing Debt: FLL's debt to equity ratio has increased from 87% to 181.5% over the past 5 years.


Balance Sheet

Inventory Level: FLL has a high level of physical assets or inventory.

Debt Coverage by Assets: FLL's debt is not covered by short term assets (assets are 0.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FLL has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: FLL has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -99.2% each year


Next Steps

Dividend

What is Full House Resorts's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.9%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate FLL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FLL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if FLL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FLL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FLL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Full House Resorts's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Dan Lee (62yo)

4.9yrs

Tenure

US$581,832

Compensation

Mr. Daniel R. Lee, also known as Dan, has been a Director of Associated Capital Group Inc. since November 30, 2015. He serves as Chief Executive Officer and Chairman at Creative Casinos, LLC. He served as  ...


CEO Compensation Analysis

Compensation vs. Market: Dan's total compensation ($USD581.83K) is about average for companies of similar size in the US market ($USD493.02K).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.8yrs

Average Tenure

41.5yo

Average Age

Experienced Management: FLL's management team is considered experienced (4.8 years average tenure).


Board Age and Tenure

4.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: FLL's board of directors are considered experienced (4.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$44,40031 May 19
Craig Thomas
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceUS$2.23
BuyUS$10,80015 Mar 19
Lewis Fanger
EntityIndividual
Role
Member of the Board of Directors
Senior VP
Shares5,000
Max PriceUS$2.16
BuyUS$10,75012 Mar 19
Lewis Fanger
EntityIndividual
Role
Member of the Board of Directors
Senior VP
Shares5,000
Max PriceUS$2.15
BuyUS$12,90006 Mar 19
Lewis Fanger
EntityIndividual
Role
Member of the Board of Directors
Senior VP
Shares6,000
Max PriceUS$2.15
BuyUS$107,62602 Jan 19
GAMCO Investors, Inc.
EntityCompany
Shares47,400
Max PriceUS$2.60
BuyUS$33,25014 Dec 18
Lewis Fanger
EntityIndividual
Role
Member of the Board of Directors
Senior VP
Shares15,000
Max PriceUS$2.23
BuyUS$32,20013 Dec 18
Daniel Lee
EntityIndividual
Role
Chief Executive Officer
President
Shares15,000
Max PriceUS$2.16

Ownership Breakdown


Management Team

  • Dan Lee (62yo)

    President

    • Tenure: 4.9yrs
    • Compensation: US$581.83k
  • Lewis Fanger (41yo)

    Senior VP

    • Tenure: 0.3yrs
    • Compensation: US$310.50k
  • William Schmitt

    Investor Relations Contact

    • Tenure: 0yrs
  • Alex Stolyar (42yo)

    Chief Development Officer & Senior VP

    • Tenure: 4.4yrs
  • Elaine Guidroz (41yo)

    VP of Human Resources

    • Tenure: 6.8yrs
    • Compensation: US$325.71k

Board Members

  • Ellis Landau (75yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$44.81k
  • Dan Lee (62yo)

    President

    • Tenure: 4.9yrs
    • Compensation: US$581.83k
  • Carl Braunlich (66yo)

    Vice Chairman & Lead Independent Director

    • Tenure: 10.4yrs
    • Compensation: US$44.81k
  • Ken Adams (76yo)

    Independent Director

    • Tenure: 12.8yrs
    • Compensation: US$44.81k
  • Craig Thomas (44yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$44.81k
  • Lewis Fanger (41yo)

    Senior VP

    • Tenure: 0.3yrs
    • Compensation: US$310.50k
  • Brad Tirpak (49yo)

    Non-Executive Chairman

    • Tenure: 4.9yrs
    • Compensation: US$44.81k
  • Kathleen Marshall (63yo)

    Independent Director

    • Tenure: 12.8yrs
    • Compensation: US$44.81k

Company Information

Full House Resorts, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Full House Resorts, Inc.
  • Ticker: FLL
  • Exchange: NasdaqCM
  • Founded: 1987
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: US$58.547m
  • Shares outstanding: 26.98m
  • Website: https://www.fullhouseresorts.com

Number of Employees


Location

  • Full House Resorts, Inc.
  • One Summerlin
  • Suite 680
  • Las Vegas
  • Nevada
  • 89135
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FLLNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDAug 1993

Biography

Full House Resorts, Inc. owns, develops, operates, manages, leases, and/or invests in casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the S ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 23:35
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.