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 3,187 - -
Change - -31.42% 34.28% -11.62% 34.21% -13.1% - -
Enterprise Value (EV) 1 5,936 5,170 6,282 6,011 6,920 6,556 6,449 6,189
Change - -12.9% 21.51% -4.32% 15.14% -5.26% -1.63% -4.04%
P/E 19.4x 11.9x 18.1x 18.3x 19.9x 26.3x 20.8x 19.4x
PBR 99.3x 95x 33.1x 22.7x 31.2x 16.1x 10.1x 7.61x
PEG - 0.6x -1.4x -1.3x 0.9x -0.8x 0.8x 2.62x
Capitalization / Revenue 2.08x 1.38x 1.79x 1.41x 1.82x 1.57x 1.48x 1.4x
EV / Revenue 3.67x 3.11x 3.64x 3.1x 3.44x 3.24x 3x 2.72x
EV / EBITDA 8.01x 6.95x 8.42x 7.55x 8.16x 8.01x 7.1x 6.34x
EV / EBIT 14.8x 9.21x 11.2x 10.6x 11.6x 11.9x 10.2x 9.12x
EV / FCF 10.8x 24.2x -30.6x 22.7x 23.8x 19.3x 14.6x 11x
FCF Yield 9.24% 4.13% -3.27% 4.4% 4.2% 5.18% 6.86% 9.07%
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% 3.7% 1.9% 1.89%
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 55.02 55.02 55.02
Nbr of stocks (in thousands) 61,037 57,549 57,976 59,094 59,196 57,920 - -
Announcement Date 02/02/22 07/02/23 07/02/24 11/02/25 10/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.28x3.24x8.01x3.7% 3.19B
23.2x6x14.08x1.68% 25.89B
13.8x2.3x8.02x5.35% 18.53B
-108.15x1.53x10.39x-.--% 17.24B
14.32x6.57x9.99x3.5% 17.04B
14.94x2.41x8.93x7.37% 14.23B
225.14x1.83x16.85x-.--% 11.75B
29.74x3.48x16.57x3.56% 7.78B
19.86x3.43x8.53x2.12% 7.11B
Average 28.79x 3.42x 11.26x 3.03% 13.64B
Weighted average by Cap. 20.77x 3.70x 11.42x 2.95%

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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