Monarch Casino & Resort
Market Cap
US$808.2m
Last Updated
2020/09/24 06:05 UTC
Data Sources
Company Financials +
Executive Summary
Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential and fair value.
Similar Companies
Share Price & News
How has Monarch Casino & Resort's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MCRI's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-3.5%
MCRI
-4.5%
US Hospitality
-3.3%
US Market
1 Year Return
4.6%
MCRI
-18.4%
US Hospitality
10.9%
US Market
Return vs Industry: MCRI exceeded the US Hospitality industry which returned -19.2% over the past year.
Return vs Market: MCRI underperformed the US Market which returned 13.1% over the past year.
Shareholder returns
| MCRI | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.5% | -4.5% | -3.3% |
| 30 Day | 0.8% | -1.0% | -5.7% |
| 90 Day | 37.4% | 17.8% | 8.2% |
| 1 Year | 4.6%4.6% | -17.0%-18.4% | 13.4%10.9% |
| 3 Year | 14.3%14.3% | -12.4%-18.0% | 34.9%25.9% |
| 5 Year | 149.0%149.0% | 21.3%9.1% | 84.6%63.8% |
Price Volatility Vs. Market
How volatile is Monarch Casino & Resort's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Monarch Casino & Resort, Inc.'s (NASDAQ:MCRI) Recent Stock Performance Influenced By Its Fundamentals In Any Way?3 weeks ago | Simply Wall St
Who Has Been Selling Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Shares?1 month ago | Simply Wall St
Monarch Casino & Resort, Inc.'s (NASDAQ:MCRI) Popularity With Investors Is ClearValuation
Is Monarch Casino & Resort undervalued compared to its fair value and its price relative to the market?
41.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MCRI ($44.43) is trading below our estimate of fair value ($75.72)
Significantly Below Fair Value: MCRI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MCRI is poor value based on its PE Ratio (61x) compared to the US Hospitality industry average (26.7x).
PE vs Market: MCRI is poor value based on its PE Ratio (61x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: MCRI is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: MCRI is overvalued based on its PB Ratio (2.4x) compared to the US Hospitality industry average (2.2x).
Next Steps
Future Growth
How is Monarch Casino & Resort forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
85.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCRI's forecast earnings growth (85.5% per year) is above the savings rate (2.2%).
Earnings vs Market: MCRI's earnings (85.5% per year) are forecast to grow faster than the US market (23% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MCRI's revenue (32.5% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: MCRI's revenue (32.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MCRI's Return on Equity is forecast to be low in 3 years time (12.8%).
Next Steps
Past Performance
How has Monarch Casino & Resort performed over the past 5 years?
7.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCRI has high quality earnings.
Growing Profit Margin: MCRI's current net profit margins (6.8%) are lower than last year (14%).
Past Earnings Growth Analysis
Earnings Trend: MCRI's earnings have grown by 7.9% per year over the past 5 years.
Accelerating Growth: MCRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MCRI had negative earnings growth (-61.6%) over the past year, making it difficult to compare to the Hospitality industry average (-46.9%).
Return on Equity
High ROE: MCRI's Return on Equity (3.9%) is considered low.
Next Steps
Financial Health
How is Monarch Casino & Resort's financial position?
Financial Position Analysis
Short Term Liabilities: MCRI's short term assets ($56.6M) do not cover its short term liabilities ($61.0M).
Long Term Liabilities: MCRI's short term assets ($56.6M) do not cover its long term liabilities ($196.1M).
Debt to Equity History and Analysis
Debt Level: MCRI's debt to equity ratio (60.7%) is considered high.
Reducing Debt: MCRI's debt to equity ratio has increased from 22.3% to 60.7% over the past 5 years.
Debt Coverage: MCRI's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: MCRI earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Monarch Casino & Resort current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MCRI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MCRI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MCRI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MCRI'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 MCRI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
John Farahi (72 yo)
27.25yrs
Tenure
US$1,697,065
Compensation
Mr. John Farahi has been Co-Chairman of the Board and Chief Executive Officer of Monarch Casino & Resort, Inc. since its inception, and of Golden Road Motor Inn, Inc. (“Golden Road”) since June 1993. He ha ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD1.70M) is below average for companies of similar size in the US market ($USD3.02M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co- Chairman | 27.25yrs | US$1.70m | 15.75% $ 127.3m | |
| Co-Chairman & President | 27.67yrs | US$722.83k | 6.18% $ 49.9m | |
| Chief Operating Officer | 8.42yrs | US$912.55k | 0.095% $ 770.7k | |
| Chief Accounting Officer | 4.5yrs | US$229.12k | 0% $ 0 | |
| Vice President of Finance and Treasurer | 4.5yrs | US$354.52k | no data | |
| Chief Legal Officer & General Counsel | 2.5yrs | no data | no data | |
| Chief Product & Service Officer | 4.92yrs | US$413.48k | no data |
4.9yrs
Average Tenure
67yo
Average Age
Experienced Management: MCRI's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co- Chairman | 27.25yrs | US$1.70m | 15.75% $ 127.3m | |
| Co-Chairman & President | 27.67yrs | US$722.83k | 6.18% $ 49.9m | |
| Independent Director | 10.25yrs | US$111.35k | 0.034% $ 271.1k | |
| Independent Director | 22yrs | US$111.35k | 0% $ 0 | |
| Independent Director | 6.33yrs | US$111.35k | 0% $ 0 |
22.0yrs
Average Tenure
69yo
Average Age
Experienced Board: MCRI's board of directors are seasoned and experienced ( 22 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Monarch Casino & Resort, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Monarch Casino & Resort, Inc.
- Ticker: MCRI
- Exchange: NasdaqGS
- Founded: 1972
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: US$808.162m
- Shares outstanding: 18.19m
- Website: https://www.monarchcasino.com
Number of Employees
Location
- Monarch Casino & Resort, Inc.
- 3800 South Virginia Street
- Reno
- Nevada
- 89502
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MCRI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Aug 1993 |
| MOI | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 1993 |
Biography
Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Black Hawk i ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/24 06:05 |
| End of Day Share Price | 2020/09/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.