Monarch Casino & Resort Inc.
Find Ratings ReportsMONARCH CASINO & RESORT INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. MONARCH CASINO & RESORT INC has very weak liquidity. Currently, the Quick Ratio is 0.46 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 4.78% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 128.19 | 120.54 |
EBITDA ($mil) | 37.6 | 39.15 |
EBIT ($mil) | 25.45 | 27.96 |
Net Income ($mil) | 18.2 | 22.43 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 43.36 | 38.78 |
Total Assets ($mil) | 680.87 | 692.94 |
Total Debt ($mil) | 20.42 | 20.56 |
Equity ($mil) | 513.14 | 538.95 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 53.89 | 53.6 |
EBITDA Margin | 29.32 | 32.48 |
Operating Margin | 19.86 | 23.2 |
Sales Turnover | 0.74 | 0.69 |
Return on Assets | 12.1 | 12.62 |
Return on Equity | 16.07 | 16.23 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.61 | 0.76 |
Debt/Capital | 0.04 | 0.04 |
Interest Expense | 0.0 | 0.2 |
Interest Coverage | 0.0 | 139.82 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 19.09 | 19.09 |
Div / share | 0.3 | 0.0 |
EPS | 0.93 | 1.14 |
Book value / share | 26.88 | 28.23 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 101812.0 | 79762.0 |
HOLD. MONARCH CASINO & RESORT INC's P/E ratio indicates a significant discount compared to an average of 29.44 for the Accommodation subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 2.65 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 9.62. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, MONARCH CASINO & RESORT INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MCRI 16.98 | Peers 29.44 | MCRI 7.87 | Peers 21.25 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. MCRI is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. MCRI is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MCRI 15.18 | Peers 23.10 | MCRI 2.54 | Peers 0.87 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. MCRI is trading at a significant discount to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. MCRI trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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MCRI 2.65 | Peers 9.62 | MCRI -5.83 | Peers 89.27 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MCRI is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, MCRI is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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MCRI 2.72 | Peers 5.10 | MCRI 4.94 | Peers 38.74 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MCRI is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. MCRI significantly trails its peers on the basis of sales growth. |
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