(MCRI) Monarch Casino & Resort - Overview
Sector: Consumer Cyclical | Industry: Resorts & Casinos | Exchange: NASDAQ (USA) | Market Cap: 2.073m USD | Total Return: 45% in 12m
Avg Turnover: 13.2M
EPS Trend: 89.4%
Qual. Beats: 1
Rev. Trend: 99.4%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader, Confidence
Monarch Casino & Resort, Inc. (MCRI) owns and operates two primary destination properties: the Atlantis Casino Resort Spa in Reno, Nevada, and the Monarch Casino Resort Spa in Black Hawk, Colorado. The company’s business model integrates large-scale gaming floors with extensive non-gaming amenities, including luxury hotel accommodations, spas, and a diverse portfolio of branded dining outlets ranging from fine dining steakhouses to casual eateries and coffee bars.
Operating within the regional gaming sector, MCRI focuses on high-margin land-based assets rather than the high-volatility international markets found in hubs like Macau. The regional casino model typically relies on a stable base of local and drive-in repeat customers, which can offer more consistent cash flows compared to fly-in destination markets. For deeper insights into these performance metrics, evaluate the company’s fundamentals on ValueRay.
Founded in 1993 and headquartered in Reno, the company also maintains strategic land parcels for potential future expansion. By controlling its own food and beverage operations, MCRI captures a larger share of guest spend and maintains direct oversight of service quality across its hospitality segments.
- Colorado gaming market expansion drives revenue growth at Black Hawk property
- Regional economic trends in Reno influence Atlantis Casino Resort Spa performance
- Labor market tightness and wage inflation impact property level operating margins
- Capital allocation strategy and debt reduction enhance shareholder equity value
- Consumer discretionary spending shifts affect gaming volumes and non-gaming amenity revenue
| Net Income: 109.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.21 > 0.02 and ΔFCF/TA 8.80 > 1.0 |
| NWC/Revenue: -0.66% < 20% (prev -8.74%; Δ 8.08% < -1%) |
| CFO/TA 0.24 > 3% & CFO 176.8m > Net Income 109.1m |
| Net Debt (-107.1m) to EBITDA (192.2m): -0.56 < 3 |
| Current Ratio: 0.98 > 1.5 & < 3 |
| Outstanding Shares: last quarter (18.2m) vs 12m ago -3.34% < -2% |
| Gross Margin: 51.62% > 18% (prev 0.54%; Δ 5.11k% > 0.5%) |
| Asset Turnover: 77.41% > 50% (prev 73.86%; Δ 3.55% > 0%) |
| Interest Coverage Ratio: 72.74 > 6 (EBITDA TTM 192.2m / Interest Expense TTM 1.94m) |
| A: -0.01 (Total Current Assets 146.9m - Total Current Liabilities 150.6m) / Total Assets 725.2m |
| B: 0.86 (Retained Earnings 620.1m / Total Assets 725.2m) |
| C: 0.20 (EBIT TTM 140.9m / Avg Total Assets 718.6m) |
| D: 3.54 (Book Value of Equity 620.3m / Total Liabilities 175.3m) |
| Altman-Z'' = 7.79 = AAA |
| DSRI: 0.76 (Receivables 9.70m/12.0m, Revenue 556.3m/525.9m) |
| GMI: 1.04 (GM 51.62% / 53.84%) |
| AQI: 0.97 (AQ_t 0.04 / AQ_t-1 0.04) |
| SGI: 1.06 (Revenue 556.3m / 525.9m) |
| TATA: -0.09 (NI 109.1m - CFO 176.8m) / TA 725.2m) |
| Beneish M = -3.25 (Cap -4..+1) = AA |
As of May 31, 2026, the stock is trading at USD 120.26 with a total of 109,902 shares traded.
Over the past week, the price has changed by +3.43%,
over one month by +0.77%,
over three months by +25.53% and
over the past year by +44.96%.
Monarch Casino & Resort has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold MCRI.
- StrongBuy: 1
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 113.5 | -5.6% |
P/E Trailing = 19.7983
P/E Forward = 19.2308
P/S = 3.7271
P/B = 3.7575
P/EG = 1.0719
Revenue TTM = 556.3m USD
EBIT TTM = 140.9m USD
EBITDA TTM = 192.2m USD
Long Term Debt = 12.1m USD (estimated: total debt 13.0m - short term 986k)
Short Term Debt = 986k USD (from shortTermDebt, last quarter)
Debt = 13.0m USD (from shortLongTermDebtTotal, last quarter) (leases 13.0m already included)
Net Debt = -107.1m USD (calculated: Debt 13.0m - CCE 120.1m)
Enterprise Value = 1.97b USD (2.07b + Debt 13.0m - CCE 120.1m)
Interest Coverage Ratio = 72.74 (Ebit TTM 140.9m / Interest Expense TTM 1.94m)
EV/FCF = 12.71x (Enterprise Value 1.97b / FCF TTM 154.7m)
FCF Yield = 7.87% (FCF TTM 154.7m / Enterprise Value 1.97b)
FCF Margin = 27.82% (FCF TTM 154.7m / Revenue TTM 556.3m)
Net Margin = 19.62% (Net Income TTM 109.1m / Revenue TTM 556.3m)
Gross Margin = 51.62% ((Revenue TTM 556.3m - Cost of Revenue TTM 269.1m) / Revenue TTM)
Gross Margin QoQ = 47.08% (prev 55.27%)
Tobins Q-Ratio = 2.71 (Enterprise Value 1.97b / Total Assets 725.2m)
Interest Expense / Debt = 14.85% (Interest Expense 1.94m / Debt 13.0m)
Taxrate = 22.37% (7.95m / 35.5m)
NOPAT = 109.4m (EBIT 140.9m * (1 - 22.37%))
Current Ratio = 0.98 (Total Current Assets 146.9m / Total Current Liabilities 150.6m)
Debt / Equity = 0.02 (Debt 13.0m / totalStockholderEquity, last quarter 549.8m)
Debt / EBITDA = -0.56 (Net Debt -107.1m / EBITDA 192.2m)
Debt / FCF = -0.69 (Net Debt -107.1m / FCF TTM 154.7m)
Total Stockholder Equity = 546.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 15.18% (Net Income 109.1m / Total Assets 725.2m)
RoE = 19.97% (Net Income TTM 109.1m / Total Stockholder Equity 546.3m)
RoCE = 25.24% (EBIT 140.9m / Capital Employed (Equity 546.3m + L.T.Debt 12.1m))
RoIC = 24.01% (NOPAT 109.4m / Invested Capital 455.5m)
WACC = 8.66% (E(2.07b)/V(2.09b) * Re(8.64%) + D(13.0m)/V(2.09b) * Rd(14.85%) * (1-Tc(0.22)))
Discount Rate = 8.64% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -71.91 | Cagr: -3.23%
[DCF] Terminal Value 76.98% ; FCFF base≈128.5m ; Y1≈147.4m ; Y5≈216.9m
[DCF] Fair Price = 180.5 (EV 3.10b - Net Debt -107.1m = Equity 3.20b / Shares 17.7m; r=8.66% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 89.38 | EPS CAGR: 12.71% | SUE: 3.78 | # QB: 1
Revenue Correlation: 99.41 | Revenue CAGR: 4.38% | SUE: 2.08 | # QB: 1
EPS current Quarter (2026-06-30): EPS=1.68 | Chg30d=+9.48% | Revisions=+33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.79 | Chg30d=+9.48% | Revisions=+33% | Analysts=2
EPS current Year (2026-12-31): EPS=6.67 | Chg30d=+14.90% | Revisions=+33% | GrowthEPS=+14.6% | GrowthRev=+4.9%
EPS next Year (2027-12-31): EPS=6.81 | Chg30d=+14.55% | Revisions=+33% | GrowthEPS=+2.1% | GrowthRev=+2.2%
[Analyst] Revisions Ratio: +33%