VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. More Details
Undervalued with proven track record.
Share Price & News
How has VICI Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VICI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: VICI's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: VICI exceeded the US REITs industry which returned 29.5% over the past year.
Return vs Market: VICI exceeded the US Market which returned 36.5% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is VICI Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWho Has Been Buying VICI Properties Inc. (NYSE:VICI) Shares?
1 month ago | Simply Wall StIs Now The Time To Put VICI Properties (NYSE:VICI) On Your Watchlist?
2 months ago | Simply Wall StVICI Properties (NYSE:VICI) Has Compensated Shareholders With A Respectable 91% Return On Their Investment
Is VICI Properties undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VICI ($30.99) is trading below our estimate of fair value ($62.46)
Significantly Below Fair Value: VICI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VICI is good value based on its PE Ratio (13.2x) compared to the US REITs industry average (49.3x).
PE vs Market: VICI is good value based on its PE Ratio (13.2x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: VICI is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: VICI is good value based on its PB Ratio (1.7x) compared to the US REITs industry average (1.9x).
How is VICI Properties forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VICI's forecast earnings growth (11.2% per year) is above the savings rate (2%).
Earnings vs Market: VICI's earnings (11.2% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: VICI's earnings are forecast to grow, but not significantly.
Revenue vs Market: VICI's revenue (9.9% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: VICI's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VICI's Return on Equity is forecast to be low in 3 years time (11%).
How has VICI Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VICI has a large one-off gain of $333.4M impacting its June 30 2021 financial results.
Growing Profit Margin: VICI's current net profit margins (85.9%) are higher than last year (46.1%).
Past Earnings Growth Analysis
Earnings Trend: VICI's earnings have grown significantly by 54.9% per year over the past 5 years.
Accelerating Growth: VICI's earnings growth over the past year (180.2%) exceeds its 5-year average (54.9% per year).
Earnings vs Industry: VICI earnings growth over the past year (180.2%) exceeded the REITs industry -8.8%.
Return on Equity
High ROE: VICI's Return on Equity (13%) is considered low.
How is VICI Properties's financial position?
Financial Position Analysis
Short Term Liabilities: VICI's short term assets ($16.2B) exceed its short term liabilities ($223.0M).
Long Term Liabilities: VICI's short term assets ($16.2B) exceed its long term liabilities ($7.3B).
Debt to Equity History and Analysis
Debt Level: VICI's debt to equity ratio (66.5%) is considered high.
Reducing Debt: VICI's debt to equity ratio has increased from 0.05% to 66.5% over the past 5 years.
Debt Coverage: VICI's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: VICI's interest payments on its debt are well covered by EBIT (3.9x coverage).
What is VICI Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VICI's dividend (4.26%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: VICI's dividend (4.26%) is in the top 25% of dividend payers in the US market (3.52%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, VICI has been paying a dividend for less than 10 years.
Growing Dividend: VICI's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (100.7%), VICI's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VICI's dividends in 3 years are forecast to be covered by earnings (70.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ed Pitoniak (65 yo)
Mr. Edward Baltazar Pitoniak, also known as Ed, has been the Chief Executive Officer and a Director of VICI Properties Inc. since October 6, 2017. Mr. Pitoniak served as Vice Chairman of Realterm, a privat...
CEO Compensation Analysis
Compensation vs Market: Ed's total compensation ($USD6.97M) is below average for companies of similar size in the US market ($USD11.27M).
Compensation vs Earnings: Ed's compensation has increased by more than 20% in the past year.
Experienced Management: VICI's management team is considered experienced (3.3 years average tenure).
Experienced Board: VICI's board of directors are considered experienced (3.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
VICI Properties Inc.'s company bio, employee growth, exchange listings and data sources
- Name: VICI Properties Inc.
- Ticker: VICI
- Exchange: NYSE
- Founded: 2016
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: US$16.643b
- Shares outstanding: 537.04m
- Website: https://www.viciproperties.com
Number of Employees
- VICI Properties Inc.
- 535 Madison Avenue
- 20th Floor
- New York
- New York
- United States
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Ca...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/30 01:31|
|End of Day Share Price||2021/07/29 00:00|
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.