Monte-Carlo Societe des Bains de Mer (BAIN) AI Stock Analysis

• Market Cap: €4.01B
• Dividend Yield: 1.67%
• Average Volume (3M): 401.00
• Price to Earnings (P/E): 27.4
• Beta (1Y): 0.21
• Revenue Growth: 8.20%
• EPS Growth: 4.81%
• Country: FR
• Employees: 5,093
• Sector: Services
• Sector Strength: N/A
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): N/A
• Shares Outstanding: 24,516,660
• 10 Day Avg. Volume: 510
• 30 Day Avg. Volume: 401
• PEG Ratio: 3.87
• Price to Book (P/B): 1.53
• Price to Sales (P/S): 3.27
• P/FCF Ratio: 46.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: €142.00 ▲(27.93% Upside)

Monte-Carlo Societe des Bains de Mer is well-positioned in the Gambling, Resorts & Casinos industry with strong financial health and stable technical indicators. However, the decline in free cash flow and modest valuation metrics suggest potential risks to future growth and investment appeal. The absence of recent earnings call data and corporate events limits additional insights.

Positive Factors

Very low leverage and strong capital structure

Extremely low leverage and a high equity ratio provide durable financial flexibility. This reduces refinancing risk, supports investment through retained capital, and preserves creditworthiness during tourism downturns, enabling long-term stability and strategic optionality.

High and sustainable profitability margins

Very high gross margins reflect structural pricing power from luxury services and casino operations, while a healthy net margin shows profitable scale. Persistent margin strength supports reinvestment in premium assets and cushions against cyclical revenue swings.

Diversified premium revenue streams with steady growth

A mix of casinos, luxury hotels, dining and wellness creates multiple high-margin cash generators and reduces single-stream dependence. Combined with consistent revenue growth, the business model supports recurring cash flows and resilience across demand cycles.

Negative Factors

Sharp decline in free cash flow

A near 40% drop in free cash flow is a durable concern: it constrains organic investment, dividend capacity and buffer for cyclicality. If sustained, weaker FCF limits ability to refurbish premium assets or fund growth without external financing.

Erosion in operational efficiency (EBIT margin down)

A falling EBIT margin signals rising operating costs or pressure on core profitability. For a premium services operator, persistent margin erosion can reduce capital available for maintenance and upgrades, harming long-term competitiveness and guest experience.

Concentrated geographic and clientele exposure

Heavy reliance on Monaco tourism and high-net-worth visitors creates structural concentration risk. Localized regulatory, travel or luxury-spending shocks disproportionately impact revenues, limiting diversification benefits and scaling potential versus global rivals.

Monte-Carlo Societe des Bains de Mer Business Overview & Revenue Model

Company Description

Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco operates in the gaming, hotels, and rental sectors in Monaco. The company operates casinos; hotels; restaurants; lounge bars and nightclubs; wellness and leisure facilities; shows and concert halls; shopping centers; and meetings and events centers. It is also involved in the slot machines, table games, and other activities; and rental of commercial spaces, large luxury houses, and residential properties. In addition, the company offers catering and bar services. The company was incorporated in 1863 and is headquartered in Monaco.

How the Company Makes Money

Monte-Carlo Societe des Bains de Mer generates revenue through various streams, including gaming and casino operations, hotel accommodations, fine dining restaurants, and wellness services. The casino, particularly the Casino de Monte-Carlo, is a significant source of income, attracting high-stakes gamblers and tourists. Additionally, the company's luxury hotels and resorts provide substantial revenue from room bookings, conferences, and events. Exclusive partnerships with renowned chefs and luxury brands enhance the dining and retail experiences, further driving sales. Seasonal and special events, along with memberships to exclusive clubs and facilities, also contribute to the company's earnings. Overall, BAIN's diverse portfolio and strategic location in Monaco allow it to capitalize on the high-end tourism market.

Monte-Carlo Societe des Bains de Mer Financial Statement Overview

Summary

Monte-Carlo Societe des Bains de Mer demonstrates strong financial health with consistent revenue growth and robust profitability margins. The balance sheet is solid with low leverage, enhancing financial stability. However, the decline in free cash flow growth poses a potential risk to future expansion and investment capabilities.

Income Statement

Monte-Carlo Societe des Bains de Mer has shown consistent revenue growth over the years, with a notable increase of 1.92% in the latest year. The company maintains strong profitability with a gross profit margin of 89.71% and a net profit margin of 14.34%. However, the EBIT margin has slightly decreased compared to previous years, indicating potential challenges in operational efficiency.

Balance Sheet

The company exhibits a strong balance sheet with a low debt-to-equity ratio of 0.019, indicating minimal leverage and financial risk. The return on equity is stable at 6.70%, reflecting efficient use of equity capital. The equity ratio of 74.96% suggests a solid capital structure with a high proportion of equity financing.

Cash Flow

While the operating cash flow remains healthy, the free cash flow has declined by 39.85%, which could impact future investments and growth. The operating cash flow to net income ratio of 0.44 indicates moderate cash generation relative to earnings, while the free cash flow to net income ratio of 0.35 suggests room for improvement in cash flow management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	768.00M	768.03M	704.00M	666.99M	530.51M	336.89M
Gross Profit	689.02M	689.02M	636.64M	603.89M	256.06M	310.33M
EBITDA	195.79M	195.79M	181.50M	145.11M	157.70M	-14.00M
Net Income	110.10M	110.13M	103.94M	896.22M	76.35M	-79.11M
Balance Sheet
Total Assets	2.19B	2.19B	2.10B	2.06B	1.29B	1.28B
Cash, Cash Equivalents and Short-Term Investments	310.22M	310.22M	235.03M	368.75M	208.34M	100.70M
Total Debt	46.87M	46.87M	35.85M	101.57M	208.01M	265.90M
Total Liabilities	549.17M	549.17M	534.38M	545.76M	637.46M	716.88M
Stockholders Equity	1.64B	1.64B	1.57B	1.51B	653.07M	566.50M
Cash Flow
Free Cash Flow	53.69M	53.69M	53.66M	68.62M	76.12M	-53.37M
Operating Cash Flow	155.28M	155.28M	161.17M	164.19M	99.91M	-10.19M
Investing Cash Flow	-50.16M	-35.29M	-220.44M	23.62M	71.29M	30.07M
Financing Cash Flow	-39.02M	-36.10M	-129.74M	-137.46M	-63.56M	-28.91M

Monte-Carlo Societe des Bains de Mer Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 111.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:BAIN, the sentiment is Positive. The current price of 111 is below the 20-day moving average (MA) of 120.63, below the 50-day MA of 111.77, and above the 200-day MA of 105.86, indicating a bullish trend. The MACD of 6.04 indicates Negative momentum. The RSI at 74.62 is Negative, neither overbought nor oversold. The STOCH value of 80.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:BAIN.

Monte-Carlo Societe des Bains de Mer Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VRLA	67 Neutral	€2.67B	14.53	―	7.54%	-3.17%	-37.20%
BAIN	66 Neutral	€4.01B	27.45	―	1.67%	8.20%	4.81%
ALLHB	56 Neutral	€174.38M	41.02	―	0.41%	-7.92%	-15.45%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
PARP	52 Neutral	€172.57M	3.38	2.48%	1.78%	4.23%	17.85%