Monarch Casino & Resort (MCRI)
NASDAQ:MCRI
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Monarch Casino & Resort
(NASDAQ:MCRI)
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Rating:83Outperform
Price Target:
$138.00
▲(39.58% Upside)
Action:ReiteratedDate:05/01/26
The score is driven primarily by strong financial performance (high margins/ROE, very low leverage, and solid cash generation). Technicals remain bullish via trend strength but are tempered by overbought readings (high RSI/Stoch). Valuation is reasonable with a modest dividend, and corporate events add support via record results and continued shareholder returns.
Positive Factors
Conservative balance sheet / very low leverage
Exceptionally low debt (TTM debt-to-equity ~0.02) provides durable financial flexibility and materially lowers refinancing risk. A conservative capital structure supports sustained dividends, buybacks, property reinvestment and opportunistic M&A without reliance on volatile external credit markets.
Negative Factors
Year-to-year cash flow and margin variability
Free cash flow and margins have shown meaningful year-to-year swings (including a FCF decline in 2024), reflecting cyclical visitation and regional demand sensitivity. This variability makes multi-year cash flow forecasting and discretionary capital planning less certain for investors and management.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / very low leverage
Exceptionally low debt (TTM debt-to-equity ~0.02) provides durable financial flexibility and materially lowers refinancing risk. A conservative capital structure supports sustained dividends, buybacks, property reinvestment and opportunistic M&A without reliance on volatile external credit markets.
Read all positive factors
Monarch Casino & Resort (MCRI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.08B
Dividend Yield1.22%
Average Volume (3M)89.68K
Price to Earnings (P/E)15.5
Beta (1Y)0.60
Revenue Growth5.77%
EPS Growth16.30%
CountryUS
Employees2,900
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 Cap0.95
Enterprise Value/Revenue3.54
Enterprise Value/Gross Profit6.86
Enterprise Value/Ebitda10.25
Forecast
1Y Price Target
$108.67Price Target Upside9.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)5.91
Revenue Forecast (FY)$561.78M
Monarch Casino & Resort Business Overview & Revenue Model
Company Description
Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. The company also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. As ...
How the Company Makes Money
MCRI generates revenue primarily by operating integrated casino resort properties. Key revenue streams include: (1) Casino gaming revenue from patrons playing slot machines and table games, where the company earns the statistical house advantage (...
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 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 | 192.18M | 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
Positive
98.87
Price Trends
97.16
Positive
95.91
Positive
96.86
Positive
Market Momentum
0.55
Negative
59.34
Neutral
49.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MCRI, the sentiment is Positive. The current price of 98.87 is above the 20-day moving average (MA) of 97.65, above the 50-day MA of 97.16, and above the 200-day MA of 96.86, indicating a bullish trend. The MACD of 0.55 indicates Negative momentum. The RSI at 59.34 is Neutral, neither overbought nor oversold. The STOCH value of 49.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | $2.08B | 15.46 | 19.97% | 1.22% | 5.77% | 16.30% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $2.24B | -217.94 | -44.48% | ― | 6.38% | -1099.20% | |
56 Neutral | $90.84M | -1.90 | -233.17% | ― | 3.53% | 4.02% | |
53 Neutral | $753.69M | -20.89 | -1.37% | 3.71% | -4.78% | -113.11% | |
47 Neutral | $38.93M | -0.54 | 99.57% | ― | -0.51% | 59.29% | |
47 Neutral | $624.89M | -0.71 | -116.69% | ― | 8.42% | -8.45% |
* Consumer Cyclical Sector Average
MCRI
Monarch Casino & Resort
117.09
39.85
51.58%
CNTY
Century Casinos
1.36
-0.10
-6.85%
FLL
Full House Resorts
2.51
-0.73
-22.53%
PENN
PENN Entertainment
16.79
0.96
6.06%
GDEN
Golden Entertainment
28.55
3.62
14.51%
BALY
Bally's Corporation
12.82
0.57
4.65%
Monarch Casino & Resort Corporate Events
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...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresLegal Proceedings
Monarch Casino Reports Record 2025 Results, Declares Dividend
Positive
Feb 4, 2026
On February 4, 2026, Monarch Casino Resort reported record financial results for the fourth quarter and full year ended December 31, 2025, with net revenue up 4.1% in the quarter and 4.4% for the year, and adjusted EBITDA rising 9.6% and 10.4%, r...
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.