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Full House Resorts Inc. Stock Downgraded (FLL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK (TheStreet) -- Full House Resorts (Nasdaq:FLL) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 2.7%. Since the same quarter one year prior, revenues rose by 15.2%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. When compared to other companies in the Hotels, Restaurants & Leisure industry and the overall market, FULL HOUSE RESORTS INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
  • FLL's debt-to-equity ratio of 0.85 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Despite the fact that FLL's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.52 is high and demonstrates strong liquidity.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Hotels, Restaurants & Leisure industry. The net income has significantly decreased by 273.7% when compared to the same quarter one year ago, falling from $0.48 million to -$0.83 million.
  • Net operating cash flow has significantly decreased to -$3.91 million or 165.07% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
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Full House Resorts, Inc. owns, develops, manages, and/or invests in gaming-related enterprises. The company has a P/E ratio of 1.9, below the S&P 500 P/E ratio of 17.7. Full House has a market cap of $51.7 million and is part of the services sector and leisure industry. Shares are down 19.7% year to date as of the close of trading on Friday.

You can view the full Full House Ratings Report or get investment ideas from our investment research center.

-- Written by a member of TheStreet Ratings Staff

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