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Red Rock Resorts

DB:RRK
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RRK
DB
$870M
Imp Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Red Rock Resorts has significant price volatility in the past 3 months.
RRK Share Price and Events
7 Day Returns
-28.5%
DB:RRK
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-
DB:RRK
-48.1%
DE Hospitality
-20.9%
DE Market
RRK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Red Rock Resorts (RRK) -28.5% -52.1% -68.1% - -67.1% -
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • No trading data on RRK.
  • No trading data on RRK.
Price Volatility
RRK
Industry
5yr Volatility vs Market

RRK Value

 Is Red Rock Resorts undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Red Rock Resorts to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Red Rock Resorts.

DB:RRK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:RRK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 21%) (351.03%))
2.307
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:RRK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Red Rock Resorts is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:RRK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 315.20 Analyst x3 285.27
2021 265.73 Analyst x3 217.67
2022 236.26 Est @ -11.09% 175.16
2023 217.64 Est @ -7.88% 146.03
2024 205.38 Est @ -5.63% 124.72
2025 197.04 Est @ -4.06% 108.30
2026 191.21 Est @ -2.96% 95.12
2027 187.03 Est @ -2.19% 84.20
2028 183.94 Est @ -1.65% 74.95
2029 181.60 Est @ -1.27% 66.97
Present value of next 10 years cash flows $1,378.00
DB:RRK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $181.60 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$1,662.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,662.65 ÷ (1 + 10.49%)10
$613.15
DB:RRK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,378.00 + $613.15
$1,991.15
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,991.15 / 116.58
$17.08
DB:RRK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RRK represents 0.92493x of NasdaqGS:RRR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92493x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 17.08 x 0.92493
€15.80
Value per share (EUR) From above. €15.80
Current discount Discount to share price of €6.90
= -1 x (€6.90 - €15.80) / €15.80
56.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Red Rock Resorts is available for.
Intrinsic value
>50%
Share price is €6.9 vs Future cash flow value of €15.8
Current Discount Checks
For Red Rock Resorts to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Red Rock Resorts's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Red Rock Resorts's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Red Rock Resorts's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Red Rock Resorts's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RRK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.05
NasdaqGS:RRR Share Price ** NasdaqGS (2020-04-03) in USD $7.46
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Red Rock Resorts.

DB:RRK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:RRR Share Price ÷ EPS (both in USD)

= 7.46 ÷ -0.05

-154.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Red Rock Resorts is loss making, we can't compare its value to the DE Hospitality industry average.
  • Red Rock Resorts is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Red Rock Resorts's expected growth come at a high price?
Raw Data
DB:RRK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -154.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
57.5%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Red Rock Resorts, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Red Rock Resorts's assets?
Raw Data
DB:RRK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $7.18
NasdaqGS:RRR Share Price * NasdaqGS (2020-04-03) in USD $7.46
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:RRK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:RRR Share Price ÷ Book Value per Share (both in USD)

= 7.46 ÷ 7.18

1.04x

* Primary Listing of Red Rock Resorts.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Red Rock Resorts is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Red Rock Resorts's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Red Rock Resorts has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RRK Future Performance

 How is Red Rock Resorts expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
57.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Red Rock Resorts expected to grow at an attractive rate?
  • Red Rock Resorts's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Red Rock Resorts's earnings growth is expected to exceed the Germany market average.
  • Red Rock Resorts's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RRK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RRK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 57.5%
DB:RRK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 0.8%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:RRK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RRK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,004 1
2022-12-31 1,866 125 4
2021-12-31 1,817 341 73 10
2020-12-31 1,718 401 65 10
2020-04-05
DB:RRK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,857 317 -3
2019-09-30 1,827 302 1
2019-06-30 1,774 298 31
2019-03-31 1,707 295 118
2018-12-31 1,681 346 158
2018-09-30 1,650 369 178
2018-06-30 1,643 378 175
2018-03-31 1,637 301 67
2017-12-31 1,642 290 35
2017-09-30 1,636 289 26
2017-06-30 1,578 283 23
2017-03-31 1,519 345 49

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Red Rock Resorts's earnings are expected to grow significantly at over 20% yearly.
  • Red Rock Resorts's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:RRK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Red Rock Resorts Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RRK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.33 1.33 1.33 1.00
2022-12-31 1.18 1.22 1.14 2.00
2021-12-31 0.85 1.22 0.22 8.00
2020-12-31 0.94 1.45 -0.88 8.00
2020-04-05
DB:RRK Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.05
2019-09-30 0.01
2019-06-30 0.45
2019-03-31 1.70
2018-12-31 2.28
2018-09-30 2.58
2018-06-30 2.55
2018-03-31 0.98
2017-12-31 0.53
2017-09-30 0.41
2017-06-30 0.40
2017-03-31 1.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Red Rock Resorts is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Red Rock Resorts's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Red Rock Resorts has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RRK Past Performance

  How has Red Rock Resorts performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Red Rock Resorts's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Red Rock Resorts does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Red Rock Resorts's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Red Rock Resorts's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Red Rock Resorts's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Red Rock Resorts Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RRK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,856.53 -3.35 416.69
2019-09-30 1,827.22 0.77 410.64
2019-06-30 1,773.69 31.10 407.25
2019-03-31 1,707.01 117.68 394.71
2018-12-31 1,681.03 157.54 390.76
2018-09-30 1,649.87 178.07 390.11
2018-06-30 1,643.49 175.17 384.59
2018-03-31 1,637.44 66.70 381.74
2017-12-31 1,642.14 35.42 381.29
2017-09-30 1,636.38 26.35 375.70
2017-06-30 1,577.58 22.84 359.61
2017-03-31 1,518.92 48.88 344.92
2016-12-31 1,475.76 35.42 327.36
2016-09-30 1,405.82 20.25 312.67
2016-06-30 1,382.28 14.08 315.95
2016-03-31 1,368.61 16.63 325.98
2015-12-31 1,352.14 15.29 327.86
2015-09-30 1,337.92 47.76 334.57
2015-06-30 1,323.98 55.20 331.89
2015-03-31 1,310.27 100.20 320.29
2014-12-31 1,291.62 53.62 320.76
2013-12-31 1,256.14 -70.02 328.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Red Rock Resorts has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Red Rock Resorts used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • It is difficult to establish if Red Rock Resorts improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Red Rock Resorts's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Red Rock Resorts has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RRK Health

 How is Red Rock Resorts's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Red Rock Resorts's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Red Rock Resorts is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Red Rock Resorts's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Red Rock Resorts's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Red Rock Resorts Company Filings, last reported 3 months ago.

DB:RRK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 782.60 3,038.52 128.84
2019-09-30 782.83 3,057.83 106.76
2019-06-30 817.65 3,000.80 100.51
2019-03-31 832.47 2,965.81 113.41
2018-12-31 817.00 2,855.36 122.94
2018-09-30 813.90 2,709.80 123.08
2018-06-30 797.22 2,610.65 108.71
2018-03-31 703.97 2,616.57 182.28
2017-12-31 631.71 2,617.82 235.09
2017-09-30 587.20 2,865.24 225.22
2017-06-30 581.03 2,499.02 125.37
2017-03-31 663.59 2,369.65 119.90
2016-12-31 633.35 2,422.30 133.80
2016-09-30 584.50 2,441.57 96.33
2016-06-30 566.31 2,316.32 251.41
2016-03-31 625.07 2,128.43 122.56
2015-12-31 573.71 2,163.53 116.43
2015-09-30 547.20 2,211.41 102.65
2015-06-30 641.03 2,138.47 117.80
2015-03-31 644.12 2,155.62 122.58
2014-12-31 644.12 2,155.62 122.58
2013-12-31 692.82 2,233.83 133.60
  • Red Rock Resorts's level of debt (388.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (334.7% vs 388.3% today).
  • Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).
  • Red Rock Resorts is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Red Rock Resorts's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Red Rock Resorts has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RRK Dividends

 What is Red Rock Resorts's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.36%
Current annual income from Red Rock Resorts dividends. Estimated to be 5.19% next year.
If you bought €2,000 of Red Rock Resorts shares you are expected to receive €107 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Red Rock Resorts's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Red Rock Resorts's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:RRK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:RRK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.40 2.00
2021-12-31 0.41 6.00
2020-12-31 0.36 6.00
2020-04-05
DB:RRK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-28 0.400 2.334
2019-08-06 0.400 1.958
2019-04-30 0.400 1.802
2019-02-12 0.400 1.474
2018-11-02 0.400 1.700
2018-08-06 0.400 1.449
2018-07-31 0.400 1.186
2018-05-09 0.400 1.157
2018-05-01 0.400 1.234
2017-11-03 0.400 1.280
2017-08-04 0.400 1.732
2017-05-03 0.400 1.685
2017-03-02 0.400 1.796
2016-11-04 0.400 1.732
2016-07-29 0.400 1.784

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Red Rock Resorts has been paying a dividend for less than 10 years.
  • Red Rock Resorts has only been paying a dividend for 4 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Red Rock Resorts's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Red Rock Resorts's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Red Rock Resorts afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Red Rock Resorts has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RRK Management

 What is the CEO of Red Rock Resorts's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Frank Fertitta
COMPENSATION $1,957,906
AGE 57
TENURE AS CEO 4.5 years
CEO Bio

Mr. Frank J. Fertitta, III, has been Chief Executive Officer and Manager of Station Casinos LLC since January 2011 and June 2011 respectively. Mr. Fertitta has been Chief Executive Officer of Fertitta Entertainment, Inc. since April 2011. He is a Co-Founder of Fertitta Interactive LLC. He serves as Principal Executive Officer, President, Principal Financial Officer, Principal Accounting Officer and Treasurer of SC Madera Development, LLC. He has been Chairman of Board of Directors and Chief Executive Officer of Red Rock Resorts, Inc. since September 2015 and October 5, 2015 respectively. He has been the Chairman of Board of Directors and Chief Executive Officer of Station Holdco LLC since October 5, 2015 and November 2011 respectively. Mr. Fertitta is a Co-Owner of Fertitta Entertainment, Inc. and Zuffa, LLC. He serves as Principal Owner of Zuffa, LLC. He is a Co-Owner of Fertitta Business Management LLC. Mr. Fertitta served as President of Station Casinos LLC since June 30, 2008 until October 10, 2012. Mr. Fertitta served as President of Station Holdco LLC from January 2011 to October 2012. He has served as Executive Vice President and Chief Operating Officer of STN since 1986. Mr. Fertitta served as Chairman of the board of directors of STN from February 1993 until June 17, 2011, Chief Executive Officer of STN from July 1992 to June 17, 2011 and President of STN from July 2008 to June 17, 2011. Mr. Fertitta also served as President of STN from 1989 to July 2000. He has held senior management positions since 1985 including its General Manager of Palace Station since 1985. He serves as Chairman of Station Casinos LLC and Fertitta Entertainment, Inc. He has served as a Director of STN since 1986. He serves as Director of University of Southern California.

CEO Compensation
  • Frank's compensation has increased whilst company is loss making.
  • Frank's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Red Rock Resorts management team in years:

2.9
Average Tenure
57
Average Age
  • The tenure for the Red Rock Resorts management team is about average.
Management Team

Frank Fertitta

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
57
TENURE
4.5 yrs

Richard Haskins

TITLE
President
COMPENSATION
$7M
AGE
55
TENURE
4.5 yrs

Steve Cootey

TITLE
Executive VP
COMPENSATION
$3M
AGE
50
TENURE
2.9 yrs

Jeffrey Welch

TITLE
Executive VP & Chief Legal Officer
COMPENSATION
$3M
AGE
57
TENURE
2.8 yrs

Robert Finch

TITLE
Executive VP & COO
AGE
59
TENURE
1.2 yrs

Dan Foley

TITLE
Vice President of Finance & Investor Relations

Marc Falcone

TITLE
Consultant
COMPENSATION
$2M
AGE
46
TENURE
2.9 yrs

Daniel Roy

TITLE
Consultant
COMPENSATION
$2M
AGE
59
TENURE
2.9 yrs
Board of Directors Tenure

Average tenure and age of the Red Rock Resorts board of directors in years:

4.6
Average Tenure
57
Average Age
  • The tenure for the Red Rock Resorts board of directors is about average.
Board of Directors

Frank Fertitta

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
57
TENURE
4.6 yrs

Lorenzo Fertitta

TITLE
Vice Chairman of the Board
COMPENSATION
$125K
AGE
50
TENURE
3.3 yrs

Rob Cashell

TITLE
Independent Director
COMPENSATION
$303K
AGE
53
TENURE
4.6 yrs

James Nave

TITLE
Lead Independent Director
COMPENSATION
$335K
AGE
75
TENURE
4.6 yrs

Bob Lewis

TITLE
Independent Director
COMPENSATION
$305K
AGE
73
TENURE
4.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Aug 19 Buy Frank Fertitta Individual 23. Aug 19 23. Aug 19 444,119 €17.32 €7,692,639
23. Aug 19 Buy Frank Fertitta Individual 21. Aug 19 21. Aug 19 10,000 €17.66 €176,635
20. Aug 19 Buy Frank Fertitta Individual 16. Aug 19 19. Aug 19 105,320 €17.65 €1,756,832
19. Aug 19 Buy Frank Fertitta Individual 08. Aug 19 16. Aug 19 1,124,350 €17.09 €18,923,566
12. Aug 19 Buy Frank Fertitta Individual 08. Aug 19 09. Aug 19 760,000 €16.91 €12,678,990
27. Aug 19 Buy Lorenzo Fertitta Individual 23. Aug 19 23. Aug 19 111,030 €17.32 €1,923,164
23. Aug 19 Buy Lorenzo Fertitta Individual 21. Aug 19 21. Aug 19 2,500 €17.66 €44,159
20. Aug 19 Buy Lorenzo Fertitta Individual 16. Aug 19 19. Aug 19 26,330 €17.65 €439,208
19. Aug 19 Buy Lorenzo Fertitta Individual 08. Aug 19 16. Aug 19 1,124,017 €17.09 €18,914,348
12. Aug 19 Buy Lorenzo Fertitta Individual 08. Aug 19 09. Aug 19 760,000 €16.91 €12,659,033
16. Aug 19 Buy Lorenzo Fertitta Individual 14. Aug 19 15. Aug 19 186,800 €16.97 €3,138,055
16. Aug 19 Buy Frank Fertitta Individual 14. Aug 19 15. Aug 19 46,700 €16.97 €784,514
12. Aug 19 Buy Lorenzo Fertitta Individual 08. Aug 19 09. Aug 19 608,000 €16.91 €10,143,192
12. Aug 19 Buy Frank Fertitta Individual 08. Aug 19 09. Aug 19 152,000 €16.91 €2,535,798
X
Management checks
We assess Red Rock Resorts's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Red Rock Resorts has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RRK News

Simply Wall St News

RRK Company Info

Description

Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, engages in casino entertainment, and gaming and entertainment businesses in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company develops, manages, and operates casino entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. It operates approximately 20,400 slot machines, 375 table games, and 5,000 hotel rooms. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts, Inc. in January 2016. Red Rock Resorts, Inc. is based in Las Vegas, Nevada.

Details
Name: Red Rock Resorts, Inc.
RRK
Exchange: DB
Founded:
$806,115,080
$482,319,082
116,580,345
Website: http://www.redrockresorts.com
Address: Red Rock Resorts, Inc.
1505 South Pavilion Center Drive,
Las Vegas,
Nevada, 89135,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS RRR Class A Common Stock Nasdaq Global Select US USD 27. Apr 2016
DB RRK Class A Common Stock Deutsche Boerse AG DE EUR 27. Apr 2016
Number of employees
Current staff
Staff numbers
14,000
Red Rock Resorts employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 22:19
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.