Monarch Casino & Resort Inc (MCRI) stock analysis
Close on Nov 11, 2026Market cap $2.03BP/E 17.7Yield 1.07%
StockData Score
Prices as of Nov 11, 2026How the score works
Solid20 of 30 checks passed
Monarch Casino & Resort passes 20 of the 30 checks behind our score; 3 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 3/6
- Growth
- 3/6
- Past performance
- 5/6
- Financial health
- 6/6
- Dividend
- 3/6
What stands out
Trading below fair value
The share price of $111.94 is below our fair value estimate of $113.96.
Return on equity over 15%
Return on equity was 20.4% over the last twelve months and averaged 16.7% over five years.
No debt
Monarch Casino & Resort has no borrowings on its latest balance sheet.
Earnings grew over 5 years
Net income grew 33.8% a year on average over the last five fiscal years.
What to watch
Margin of safety under 20%
The price is 1.8% below fair value, less than the 20% cushion we look for.
Revenue growing under 10% a year
Revenue grew 4.5% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 6.7% a year over the last three fiscal years.
EV/EBITDA above its 5-year median
Monarch Casino & Resort's EV/EBITDA of 9.6 is above its 5-year median of 9.3.
Valuation3/6
P/E below its 5-year median
Monarch Casino & Resort's P/E of 17.7 is below its own 5-year median of 18.2.
P/E below the industry
Monarch Casino & Resort's P/E of 17.7 is below the Hotels and Motels median of 25.6.
EV/EBITDA above its 5-year median
Monarch Casino & Resort's EV/EBITDA of 9.6 is above its 5-year median of 9.3.
P/B above the industry
Monarch Casino & Resort's price-to-book of 3.47 is above the Hotels and Motels median of 2.81.
Trading below fair value
The share price of $111.94 is below our fair value estimate of $113.96.
Margin of safety under 20%
The price is 1.8% below fair value, less than the 20% cushion we look for.
Growth3/6
Revenue growing under 10% a year
Revenue grew 4.5% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 6.7% a year over the last three fiscal years.
Earnings growth accelerating
Net income grew 39.2% over the last twelve months, against a 5-year average of 33.8% a year.
Growing faster than the industry
Revenue grew 4.8% over the last twelve months; the Hotels and Motels median is 3.9%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin improving
Gross margin was 25.5% over the last twelve months, against 19.0% a year earlier.
Past performance5/6
Return on equity over 15%
Return on equity was 20.4% over the last twelve months and averaged 16.7% over five years.
Return on invested capital
Needs operating income and invested capital.
Return on equity above the industry
Monarch Casino & Resort's return on equity of 20.4% is above the Hotels and Motels median of 20.0%.
Earnings grew over 5 years
Net income grew 33.8% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 20.4% over the last twelve months, against a 5-year average of 16.9%.
Net margin above the industry
Monarch Casino & Resort's net margin of 20.4% is above the Hotels and Motels median of 5.7%.
Financial health6/6
No debt
Monarch Casino & Resort has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term assets cover short-term debts
Current assets are 1.17 times current liabilities.
Low bankruptcy risk
The Altman Z-score is 9.20; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
Monarch Casino & Resort paid dividends worth 1.1% of the share price over the last twelve months.
Yield below Treasuries
The 1.1% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; Monarch Casino & Resort yields 1.1%.
Dividend stability
Fewer than five years of dividend history.
Covered by earnings
Dividends take 18.6% of net income.
Covered by free cash flow
Dividends take 15.0% of free cash flow.
Fair value
How we estimate itOur estimate per share
$113.96
The share price is 2% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 21.8× | 18.2× | 25.6× | $137.83 | 40% |
| EV/EBITDA | 9.5× | 9.3× | 9.7× | $111.11 | 35% |
| P/B | 2.8× | 2.9× | 2.8× | $91.86 | 10% |
| Earnings power | 9.2% cost of equity | – | – | $71.71 | 15% |
| Fair value | $113.96 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 18.2
- Hotels and Motels median 25.6
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $18.17M
- Value traded per 1% price move
- $16.48M
Downside
Low risk
- Typical loss in a bad month
- 9.0%
- Volatility (annualized)
- 26%
- Sharpe ratio, 1 year
- 0.54
- Beta to the S&P 500 (5Y)
- 0.86
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.4% | +4.5% | +24.2% | – | |
| Gross profit | +37.8% | +4.6% | +52.9% | – | |
| Net income | +39.3% | +5.0% | +33.8% | +17.2% | |
| EPS, diluted | +41.4% | +6.7% | +34.1% | +16.4% | |
| Free cash flow | +37.7% | +8.6% | – | +72.1% | |
| Dividend per share | 0.0% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.2% | 6.7% | 19.2% | |
| Return on assets | 8.6% | 3.7% | 14.4% | |
| Current ratio | 1.12 | 0.67 | 0.86 | |
| Debt to equity | 0.11 | – | – | |
| Interest coverage | 62.6× | – | – | |
| Inventory turnover | 59.7× | 23.2× | 45.4× | |
| Capex to revenue | 12.0% | 48.1% | 6.7% | |
| Diluted shares | 18M | 19M | 19M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Monarch Casino & Resort generated $746.38M from operations and spent $520.37M on capital expenditure, dividends and share buybacks. 42% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.6% | 0.78× | 1.33× | 19.2% |
| FY2024 | 13.9% | 0.76× | 1.33× | 14.1% |
| FY2023 | 16.4% | 0.73× | 1.31× | 15.7% |
| FY2022 | 18.3% | 0.69× | 1.40× | 17.7% |
| FY2021 | 17.3% | 0.58× | 1.67× | 16.8% |
| FY2020 | 12.8% | 0.29× | 1.81× | 6.7% |
| FY2019 | 12.8% | 0.47× | 1.66× | 9.9% |
| FY2018 | 14.2% | 0.61× | 1.39× | 12.0% |
| FY2017 | 11.1% | 0.74× | 1.25× | 10.2% |
| FY2016 | 11.3% | 0.76× | 1.30× | 11.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$101.39M
- Cash generatingOperating cash flow above zero$164.75M
- Return on assets improvedROA up on the prior year10.7% → 14.7%
- Earnings backed by cashOperating cash flow above net income$164.75M vs $101.39M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.62 → 0.86
- No dilutionShare count did not rise19M → 19M
- Gross margin improvedGross margin up on the prior year17.71% → 23.39%
- More efficientAsset turnover rose0.77 → 0.79
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