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 2,913 - -
Change - -31.42% 34.28% -11.62% 34.21% -20.56% - -
Enterprise Value (EV) 1 5,936 5,170 6,282 6,011 6,920 6,283 6,176 5,915
Change - -12.9% 21.51% -4.32% 15.14% -9.22% -1.71% -4.21%
P/E 19.4x 11.9x 18.1x 18.3x 19.9x 24x 19x 17.7x
PBR 99.3x 95x 33.1x 22.7x 31.2x 14.7x 9.27x 6.96x
PEG - 0.6x -1.4x -1.3x 0.9x -0.7x 0.7x 2.39x
Capitalization / Revenue 2.08x 1.38x 1.79x 1.41x 1.82x 1.44x 1.36x 1.28x
EV / Revenue 3.67x 3.11x 3.64x 3.1x 3.44x 3.1x 2.87x 2.6x
EV / EBITDA 8.01x 6.95x 8.42x 7.55x 8.16x 7.67x 6.8x 6.06x
EV / EBIT 14.8x 9.21x 11.2x 10.6x 11.6x 11.4x 9.78x 8.72x
EV / FCF 10.8x 24.2x -30.6x 22.7x 23.8x 20.1x 14.3x 9.62x
FCF Yield 9.24% 4.13% -3.27% 4.4% 4.2% 4.97% 7% 10.4%
Dividend per Share 2 3 1 1 2 2.01 2.038 1.044 1.04
Rate of return 5.45% 2.5% 1.88% 4.33% 3.24% 4.05% 2.08% 2.07%
EPS 2 2.84 3.36 2.94 2.53 3.12 2.094 2.646 2.841
Distribution rate 106% 29.8% 34% 79.1% 64.4% 97.4% 39.5% 36.6%
Net sales 1 1,618 1,664 1,724 1,939 2,011 2,024 2,149 2,275
EBITDA 1 741 743.9 746 795.9 848.6 818.7 907.9 975.9
EBIT 1 401.5 561.3 558.7 568.7 597.4 549 631.7 678.5
Net income 1 241.8 205.5 176 154.1 188.1 162.3 206.9 236.8
Net Debt 1 2,578 2,867 3,190 3,278 3,253 3,369 3,262 3,002
Reference price 2 55.01 40.01 53.33 46.24 61.95 50.30 50.30 50.30
Nbr of stocks (in thousands) 61,037 57,549 57,976 59,094 59,196 57,920 - -
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.($)
24.32x3.12x7.72x4% 2.95B
23.52x6.08x14.25x1.66% 25.85B
14.36x6.56x9.97x3.52% 16.72B
-97.51x1.43x9.75x-.--% 15.54B
214.29x1.69x15.57x-.--% 10.8B
29.44x3.47x16.53x3.58% 7.59B
20.63x3.53x8.77x2.04% 7.29B
14.86x2.21x8.1x2.44% 6.44B
-31.56x1.38x4.43x-.--% 6.04B
Average 23.59x 3.27x 10.57x 1.92% 11.02B
Weighted average by Cap. 20.13x 3.94x 11.55x 1.73%

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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  4. Valuation Red Rock Resorts, Inc.
-40%: Exceptional extension
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