Red Rock Resorts, Inc.

Red Rock Resorts, Inc.

RRRยทNASDAQ

$56.91

-0.044%
Consumer CyclicalGambling, Resorts & Casinos

Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, develops and operates casino and entertainment properties in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company owns and operates 9 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. As of December 31, 2021, it operated approximately 13,894 slot machines, 240 table games, and 3,081 hotel rooms in the Las Vegas market. 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. was incorporated in 1976 and is based in Las Vegas, Nevada.

At a Glance

Live Snapshot
Market Cap$3.34B
EPS3.1900
P/E Ratio17.84
Earnings Date07/28/2026
Red Rock Resorts, Inc.

Red Rock Resorts, Inc. Fair Value Envelope

RRR ยท NASDAQ

Our analysis suggests that RRR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $56.91, this represents a potential HIDDEN relative to our calculated worth for Red Rock Resorts, Inc..

Intrinsic Value
Current Price: $56.91

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$26.8B
+ Cash & Equivalents$142.5M
Firm Value$27.0B
- Debt$58.2M
Equity Value$26.9B
/ Shares Outstanding59,197,080B
DCF Value$454
UNDERVALUED BY 698%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$705.9M
$817.5M
$946.8M
$1.1B
$1.3B
$1.5B
$1.7B
$2.0B
$2.3B
$2.6B
Maintenance CapEx
-$74.3M
-$86.0M
-$99.6M
-$115.4M
-$133.6M
-$154.8M
-$179.2M
-$207.6M
-$240.4M
-$278.4M
Owner Earnings
$631.6M
$731.5M
$847.2M
$981.2M
$1.1B
$1.3B
$1.5B
$1.8B
$2.0B
$2.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$584.8M
$627.2M
$672.5M
$721.2M
$773.4M
$829.4M
$889.4M
$953.7M
$1.0B
$1.1B
Terminal Value represents 69.5% of Enterprise Value