Company Valuation: Red Rock Resorts, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,358 2,303 3,092 2,733 3,667 3,713 - -
Change - -31.42% 34.28% -11.62% 34.21% 1.25% - -
Enterprise Value (EV) 1 5,936 5,170 6,282 6,011 3,667 7,096 6,991 6,882
Change - -12.9% 21.51% -4.32% -38.99% 93.49% -1.47% -1.57%
P/E 19.4x 11.9x 18.1x 18.3x 19.9x 34.1x 26.5x 23.6x
PBR 99.3x 95x 33.1x 22.7x 31.2x 18.3x 11.3x 7.62x
PEG - 0.6x -1.4x -1.3x 0.9x -0.9x 0.9x 1.9x
Capitalization / Revenue 2.08x 1.38x 1.79x 1.41x 1.82x 1.84x 1.74x 1.64x
EV / Revenue 3.67x 3.11x 3.64x 3.1x 1.82x 3.52x 3.27x 3.03x
EV / EBITDA 8.01x 6.95x 8.42x 7.55x 4.32x 8.7x 7.77x 7.14x
EV / EBIT 14.8x 9.21x 11.2x 10.6x 6.14x 12.8x 11x 10.1x
EV / FCF 10.8x 24.2x -30.6x 22.7x 12.6x 15.3x 15.7x 13.5x
FCF Yield 9.24% 4.13% -3.27% 4.4% 7.92% 6.52% 6.35% 7.38%
Dividend per Share 2 3 1 1 2 2.01 1.79 1.044 1.04
Rate of return 5.45% 2.5% 1.88% 4.33% 3.24% 2.79% 1.63% 1.62%
EPS 2 2.84 3.36 2.94 2.53 3.12 1.882 2.425 2.719
Distribution rate 106% 29.8% 34% 79.1% 64.4% 95.1% 43% 38.2%
Net sales 1 1,618 1,664 1,724 1,939 2,011 2,014 2,138 2,271
EBITDA 1 741 743.9 746 795.9 848.6 815.2 899.3 963.3
EBIT 1 401.5 561.3 558.7 568.7 597.4 553.4 635.7 678
Net income 1 241.8 205.5 176 154.1 188.1 170.7 222 244.1
Net Debt 1 2,578 2,867 3,190 3,278 - 3,383 3,278 3,168
Reference price 2 55.01 40.01 53.33 46.24 61.95 64.19 64.19 64.19
Nbr of stocks (in thousands) 61,037 57,549 57,976 59,094 59,196 57,846 - -
Announcement Date 2/2/22 2/7/23 2/7/24 2/11/25 2/10/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.11x3.52x8.7x2.79% 3.71B
23.45x6.05x14.18x1.67% 24.88B
45.6x1.57x10.15x-.--% 18.27B
11.44x1.87x6.58x5.46% 16.41B
11.45x5.19x7.94x4.51% 13.51B
11.19x2.23x7.77x7.78% 13.47B
94.32x1.95x17.17x-.--% 12.79B
35.45x3.91x19.45x2.9% 8.66B
16.12x2.55x9.51x2.33% 7.1B
Average 31.46x 3.20x 11.27x 3.05% 13.2B
Weighted average by Cap. 30.84x 3.37x 11.33x 2.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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