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 3,715 - -
Change - -31.42% 34.28% -11.62% 34.21% 1.3% - -
Enterprise Value (EV) 1 5,936 5,170 6,282 6,011 6,920 7,087 6,978 6,728
Change - -12.9% 21.51% -4.32% 15.14% 2.4% -1.54% -3.57%
P/E 19.4x 11.9x 18.1x 18.3x 19.9x 33.4x 26x 23.1x
PBR 99.3x 95x 33.1x 22.7x 31.2x 18.4x 11.4x 8.58x
PEG - 0.6x -1.4x -1.3x 0.9x -0.9x 0.9x 1.8x
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 3.44x 3.52x 3.26x 2.97x
EV / EBITDA 8.01x 6.95x 8.42x 7.55x 8.16x 8.69x 7.74x 6.99x
EV / EBIT 14.8x 9.21x 11.2x 10.6x 11.6x 12.7x 10.9x 9.92x
EV / FCF 10.8x 24.2x -30.6x 22.7x 23.8x 19.6x 15.7x 11.9x
FCF Yield 9.24% 4.13% -3.27% 4.4% 4.2% 5.11% 6.39% 8.38%
Dividend per Share 2 3 1 1 2 2.01 2.04 1.044 1.04
Rate of return 5.45% 2.5% 1.88% 4.33% 3.24% 3.19% 1.63% 1.63%
EPS 2 2.84 3.36 2.94 2.53 3.12 1.91 2.454 2.769
Distribution rate 106% 29.8% 34% 79.1% 64.4% 107% 42.5% 37.6%
Net sales 1 1,618 1,664 1,724 1,939 2,011 2,015 2,140 2,265
EBITDA 1 741 743.9 746 795.9 848.6 815.4 901.1 961.9
EBIT 1 401.5 561.3 558.7 568.7 597.4 557 638.6 678.2
Net income 1 241.8 205.5 176 154.1 188.1 172.1 222 245.3
Net Debt 1 2,578 2,867 3,190 3,278 3,253 3,372 3,263 3,013
Reference price 2 55.01 40.01 53.33 46.24 61.95 63.89 63.89 63.89
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.($)
33.62x3.52x8.69x3.18% 3.71B
24.39x6.28x14.71x1.61% 26.28B
43.97x1.53x9.91x-.--% 17.51B
11.75x5.31x8.07x4.29% 13.69B
93.42x1.83x16.48x-.--% 11.83B
35.06x3.87x19.24x2.92% 8.64B
17.08x3.28x8.2x2.29% 6.63B
12.89x2.26x7.76x0.88% 6.48B
-46.55x1.39x4.41x-.--% 6.12B
Average 25.07x 3.25x 10.83x 1.68% 11.21B
Weighted average by Cap. 29.90x 3.74x 11.85x 1.57%

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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