Full House Resorts (FLL) AI Stock Analysis

• Market Cap: $120.97M
• Dividend Yield: N/A
• Average Volume (3M): 127.97K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.38
• Revenue Growth: 8.24%
• EPS Growth: -43.10%
• Country: US
• Employees: 1,685
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -0.29
• Shares Outstanding: 36,111,500
• 10 Day Avg. Volume: 131,765
• 30 Day Avg. Volume: 127,974
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 5.16
• Enterprise Value/Revenue: 2.10
• Enterprise Value/Gross Profit: 4.43
• Enterprise Value/Ebitda: 14.83
• 1Y Price Target: $4.50
• Price Target Upside: 34.33% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 47 Neutral
• Price Target: $3.50 ▲(4.48% Upside)

Full House Resorts faces significant profitability and cash flow challenges, impacting its financial performance score. The earnings call provided some positive insights, particularly at American Place, but was offset by issues at other properties. The recent leadership change is a positive strategic move, but the lack of technical data and negative valuation metrics weigh heavily on the overall score.

Positive Factors

Leadership Change

The promotion of Lewis Fanger to President reflects a strategic move to leverage financial expertise for growth, ensuring continuity in leadership and potentially driving operational improvements.

Revenue Growth at American Place

Record revenue growth at American Place indicates strong market position and customer engagement, supporting long-term revenue expansion and profitability potential.

Cost Management at Chamonix

Improved cost management at Chamonix suggests operational efficiencies and potential for enhanced profitability, contributing to better financial performance over time.

Negative Factors

Profitability Challenges

Ongoing profitability challenges, as indicated by negative profit margins, may hinder financial stability and growth, requiring strategic adjustments to improve operational efficiency.

Cash Flow Issues

Significant cash flow challenges highlight inefficiencies in cash generation, potentially impacting the company's ability to invest in growth and manage debt obligations.

Revenue Decline at Silver Slipper

Revenue decline at Silver Slipper due to operational issues suggests potential weaknesses in property management and market competitiveness, affecting overall company performance.

Full House Resorts Business Overview & Revenue Model

Company Description

Full House Resorts, Inc. is a gaming and hospitality company that operates several casino properties across the United States. The company focuses on providing a unique gaming experience, alongside a range of amenities that include hotel accommodations, restaurants, and entertainment options. Full House Resorts strives to create engaging environments for its guests, catering to both casual and avid gamers while also supporting local economies through job creation and tourism.

How the Company Makes Money

Full House Resorts generates revenue primarily through its casino operations, which include gaming revenue from slot machines, table games, and sports betting. In addition to gaming, the company earns revenue from its hotels and restaurants, which cater to both gaming patrons and non-gaming visitors. The company also benefits from partnerships with various gaming technology providers and local businesses, enhancing its service offerings and driving additional foot traffic to its properties. Special events, promotions, and loyalty programs further contribute to customer retention and increased spending, thereby bolstering overall earnings.

Full House Resorts Financial Statement Overview

Summary

Full House Resorts faces significant financial challenges, particularly with profitability and cash flow. Despite a stable gross profit margin, the company struggles with net losses and high debt levels. The balance sheet shows substantial leverage, while cash flow issues raise concerns about future financial flexibility.

Income Statement

Full House Resorts shows a volatile performance in terms of revenue and net income, with significant fluctuations over the years. The TTM (Trailing-Twelve-Months) gross profit margin is 51.10%, indicating a solid ability to cover direct costs, but the net profit margin remains negative due to substantial net losses. The revenue growth rate is modest, and negative net income indicates challenges in achieving profitability.

Balance Sheet

The company's balance sheet reflects high leverage, with a debt-to-equity ratio of 17.10, suggesting a heavy reliance on debt financing. The equity ratio is low at 4.72%, which may pose a risk if the company faces financial distress. Return on equity is negative due to net losses, highlighting profitability challenges.

Cash Flow

Cash flow statements reveal a declining trend in free cash flow, with a negative free cash flow growth rate. The operating cash flow to net income ratio is 0.22, indicating a weak conversion of earnings into cash. Continued negative free cash flow poses a concern for liquidity and future capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	297.65M	292.06M	241.06M	163.28M	180.16M	125.59M
Gross Profit	141.05M	149.90M	131.42M	90.15M	98.99M	59.17M
EBITDA	42.13M	42.94M	31.26M	15.79M	41.67M	16.27M
Net Income	-40.92M	-40.67M	-24.90M	-14.80M	11.71M	147.00K
Balance Sheet
Total Assets	646.46M	673.33M	688.46M	595.33M	473.84M	212.62M
Cash, Cash Equivalents and Short-Term Investments	32.13M	40.22M	36.16M	56.59M	88.72M	37.70M
Total Debt	57.33M	527.67M	514.84M	424.06M	321.36M	129.24M
Total Liabilities	65.42M	632.84M	610.61M	495.54M	361.13M	155.94M
Stockholders Equity	581.04M	40.50M	77.85M	99.79M	112.72M	56.68M
Cash Flow
Free Cash Flow	-12.12M	-38.74M	-176.77M	-166.56M	-7.49M	6.35M
Operating Cash Flow	6.53M	13.85M	22.34M	4.38M	29.50M	8.99M
Investing Cash Flow	-15.55M	-45.67M	-198.76M	-172.11M	-37.22M	-2.62M
Financing Cash Flow	-3.30M	-1.50M	59.03M	93.62M	235.31M	1.48M

Full House Resorts Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLL, the sentiment is Negative. The current price of 3.35 is below the 20-day moving average (MA) of 3.44, below the 50-day MA of 3.85, and below the 200-day MA of 4.02, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 41.18 is Neutral, neither overbought nor oversold. The STOCH value of 22.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FLL.

Full House Resorts Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INSE	69 Neutral	245.52M	4.20	-1963.64%	―	-4.95%	―
CPHC	49 Neutral	82.78M	539.22	0.18%	1.72%	-3.26%	-95.81%
CNTY	49 Neutral	77.45M	-0.75	255.31%	―	-2.15%	-31.58%
FLL	47 Neutral	$120.97M	―	-101.45%	―	8.24%	-43.10%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Full House Resorts Corporate Events

Full House Resorts Promotes Lewis Fanger to President

On July 11, 2025, Full House Resorts promoted Lewis A. Fanger to the position of President, in addition to his roles as Chief Financial Officer and Treasurer. This move is part of the company’s strategy to ensure continuity in leadership as it continues its growth trajectory in the gaming industry. The promotion was accompanied by a new employment agreement for Mr. Fanger, which includes various incentives and bonuses tied to the company’s financial performance. This leadership change reflects Full House Resorts’ commitment to leveraging Mr. Fanger’s financial expertise to drive further expansion and operational improvements.

The most recent analyst rating on (FLL) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Full House Resorts stock, see the FLL Stock Forecast page.

Full House Resorts Announces New CEO Employment Agreement

On June 14, 2025, Full House Resorts, Inc. announced a new employment agreement with its CEO, Daniel R. Lee, which will be in effect until June 14, 2030. The agreement outlines a base salary of $700,000, eligibility for specific milestone and annual bonuses, and long-term incentives through stock options and restricted stock grants. The agreement also includes provisions for severance and change in control scenarios, as well as an option for Mr. Lee to transition to an Executive Chairman role after two years. This new agreement aims to align Mr. Lee’s compensation with the company’s performance and strategic goals, potentially impacting the company’s operations and stakeholder interests by incentivizing key milestones and growth targets.

The most recent analyst rating on (FLL) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Full House Resorts stock, see the FLL Stock Forecast page.

Full House Resorts Holds Annual Stockholders Meeting

On May 15, 2025, Full House Resorts held its Annual Meeting of Stockholders, where 86.3% of shares were represented. During the meeting, stockholders elected seven directors, approved the 2025 Equity Incentive Plan, ratified Ernst & Young LLP as the independent auditor, and voted on executive compensation matters, deciding to hold advisory votes on executive compensation annually.

The most recent analyst rating on (FLL) stock is a Buy with a $5.50 price target. To see the full list of analyst forecasts on Full House Resorts stock, see the FLL Stock Forecast page.