Want to see MCRI full AI Analyst Report?
Top Page
Monarch Casino & Resort
(NASDAQ:MCRI)
Select Model
Select Model
Rating:76Outperform
Price Target:
$141.00
▲(42.61% Upside)
Action:Reiterated
Date:07/21/26
The score is driven primarily by strong financial performance (high margins/ROE, strong cash generation, and very low leverage). Offsetting this, technical indicators show weaker near-term momentum despite a longer-term uptrend, and valuation appears moderate (P/E ~20.7 with a sub-1% yield). Recent corporate updates are supportive due to record results and continued capital returns.
Positive Factors
Conservative balance sheet / very low leverage
Extremely low leverage materially reduces refinancing and down-cycle risk while preserving capacity to fund capex, dividends, buybacks or opportunistic M&A. That conservative capital structure supports long-term resilience in a cyclical hospitality sector and increases strategic optionality.
Negative Factors
Concentration in two properties
Revenue and EBITDA derived primarily from two resorts creates material concentration risk: localized demand shocks, regional regulatory changes, or competitive moves at either site can disproportionately impact company performance and limit diversification benefits.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / very low leverage
Extremely low leverage materially reduces refinancing and down-cycle risk while preserving capacity to fund capex, dividends, buybacks or opportunistic M&A. That conservative capital structure supports long-term resilience in a cyclical hospitality sector and increases strategic optionality.
Read all positive factors
Monarch Casino & Resort Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down where the company earns money—gaming, rooms, food & beverage, entertainment and other services—revealing which areas drive growth, which have higher margins, and how dependent the business is on discretionary spending or tourism trends.
Breaks down where the company earns money—gaming, rooms, food & beverage, entertainment and other services—revealing which areas drive growth, which have higher margins, and how dependent the business is on discretionary spending or tourism trends.
Data provided by:
The Fly
The FlyMonarch Casino & Resort (MCRI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.18B
Dividend Yield0.96%
Average Volume (3M)89.68K
Price to Earnings (P/E)20.7
Beta (1Y)0.58
Revenue Growth5.77%
EPS Growth16.30%
CountryUS
Employees2,740
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)6.02
Shares Outstanding17,749,516
10 Day Avg. Volume105,440
30 Day Avg. Volume89,676
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)3.26
Price to Sales (P/S)3.21
P/FCF Ratio13.63
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$122.00Price Target Upside23.39% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)6.67
Revenue Forecast (FY)$573.68M
Monarch Casino & Resort Business Overview & Revenue Model
Company Description
Monarch Casino & Resort, Inc. (MCRI) is a company that, through its various subsidiaries, owns and manages two prominent hotel and casino destinations: the Atlantis Casino Resort Spa in Reno, Nevada, and the Monarch Casino Resort Spa Black Hawk lo...
How the Company Makes Money
MCRI primarily generates revenue by operating casino resorts. Its core revenue stream is casino gaming, where it earns money from the statistical “hold” on wagering across gaming offerings (e.g., table games and slot machines). In addition to gami...
Monarch Casino & Resort Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 556.28M | 545.13M | 522.19M | 501.48M | 477.87M | 395.38M |
| Gross Profit | 287.16M | 246.03M | 280.82M | 269.18M | 259.59M | 217.66M |
| EBITDA | 191.19M | 185.82M | 143.86M | 157.45M | 154.88M | 128.29M |
| Net Income | 109.12M | 101.39M | 72.77M | 82.45M | 87.48M | 68.49M |
Balance Sheet | ||||||
| Total Assets | 725.17M | 712.85M | 691.58M | 680.87M | 692.94M | 690.46M |
| Cash, Cash Equivalents and Short-Term Investments | 120.13M | 96.47M | 58.76M | 43.36M | 38.78M | 33.53M |
| Total Debt | 13.04M | 25.58M | 14.06M | 20.42M | 20.56M | 102.39M |
| Total Liabilities | 175.32M | 175.18M | 173.84M | 167.73M | 153.99M | 242.44M |
| Stockholders Equity | 549.85M | 537.67M | 517.75M | 513.14M | 538.95M | 448.01M |
Cash Flow | ||||||
| Free Cash Flow | 154.74M | 128.43M | 93.28M | 124.04M | 100.29M | 81.17M |
| Operating Cash Flow | 176.80M | 164.75M | 140.71M | 173.05M | 139.77M | 128.10M |
| Investing Cash Flow | -28.64M | -37.17M | -43.79M | -51.23M | -47.97M | -37.79M |
| Financing Cash Flow | -103.13M | -89.87M | -81.53M | -117.24M | -86.54M | -85.10M |
Monarch Casino & Resort Technical Analysis
Neutral
98.87
Price Trends
123.82
Positive
112.82
Positive
103.68
Positive
Market Momentum
-0.03
Positive
45.68
Neutral
20.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MCRI, the sentiment is Neutral. The current price of 98.87 is below the 20-day moving average (MA) of 127.85, below the 50-day MA of 123.82, and below the 200-day MA of 103.68, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.68 is Neutral, neither overbought nor oversold. The STOCH value of 20.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MCRI.
Monarch Casino & Resort Risk Analysis
Monarch Casino & Resort disclosed 34 risk factors in its most recent earnings report. Monarch Casino & Resort reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Monarch Casino & Resort Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.18B | 20.66 | 19.97% | 1.22% | 5.77% | 16.30% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $2.75B | ― | -44.48% | ― | 6.38% | -1099.20% | |
53 Neutral | $87.04M | -2.25 | -473.31% | ― | 1.53% | 3.65% | |
47 Neutral | $688.22M | -1.08 | -115.26% | ― | 16.60% | -75.69% | |
44 Neutral | $33.20M | -0.63 | 68.93% | ― | 1.65% | 62.88% |
* Consumer Cyclical Sector Average
MCRI
Monarch Casino & Resort
124.38
18.91
17.93%
CNTY
Century Casinos
1.22
-1.24
-50.41%
FLL
Full House Resorts
2.41
-2.46
-50.51%
PENN
PENN Entertainment
21.23
2.83
15.38%
BALY
Bally's Corporation
14.56
4.92
51.04%
Monarch Casino & Resort Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Monarch Casino Declares Another Quarterly Shareholder Dividend
Positive
Jul 21, 2026
Monarch Casino Resort reported record financial results for the second quarter ended June 30, 2026, with net revenue rising 4.2% year-on-year to $142.6 million, driven by gains in casino, food and beverage, and a 13.0% jump in hotel revenue. Adju...
Executive/Board ChangesShareholder Meetings
Monarch Casino Shareholders Back Board Slate, Executive Pay
Positive
May 29, 2026
On May 27, 2026, Monarch Casino Resort, Inc. held its Annual Meeting of Stockholders, with 88.4% of outstanding common shares present or represented by proxy, underscoring strong shareholder engagement in corporate governance. Stockholders electe...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Monarch Casino Reports Record Q1 Results, Boosts Shareholder Returns
Positive
Apr 22, 2026
On April 21, 2026, Monarch Casino Resort, Inc. reported record financial results for the first quarter ended March 31, 2026, with net revenue rising 8.9% year over year to $136.6 million and net income climbing 38.9% to $27.6 million. Adjusted EB...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.