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VICI Properties Inc
NYSE:VICI

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VICI Properties Inc Logo
VICI Properties Inc
NYSE:VICI
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Price: 29.58 USD -1.17% Market Closed
Updated: Mar 2, 2024

Intrinsic Value

VICI Properties, Inc. is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. [ Read More ]

The intrinsic value of one VICI stock under the Base Case scenario is 45.05 USD. Compared to the current market price of 29.58 USD, VICI Properties Inc is Undervalued by 34%.

Key Points:
VICI Intrinsic Value
Base Case
45.05 USD
Undervaluation 34%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
VICI Properties Inc

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Fundamental Analysis

Affirming Stability and Growth Prospects for 2024
2023-Q4 Earnings Call

Affirming Stability and Growth Prospects for 2024

The company has fortified its financial position by raising over $1.6 billion in forward equity and enjoys high liquidity with approximately $3.5 billion available, including an option to request up to an additional $1 billion. Debt is currently well-managed at $17.1 billion, with a net debt to adjusted EBITDA ratio of 5.5x. Affirmation of the company's effective growth strategy is reflected in an 8.8% quarterly and 11.8% annual increase in adjusted funds from operations (AFFO) per share. Looking forward, 2024 AFFO is projected to be $2.32 to $2.355 billion or $2.22 to $2.25 per share, signaling continued performance momentum.

Financials

Balance Sheet Decomposition
VICI Properties Inc

Current Assets 522.6m
Cash & Short-Term Investments 522.6m
Non-Current Assets 43.5B
Long-Term Investments 1.1B
PP&E 1.1B
Other Non-Current Assets 41.3B
Current Liabilities 768.7m
Accrued Liabilities 265.6m
Other Current Liabilities 503.1m
Non-Current Liabilities 18B
Long-Term Debt 17.5B
Other Non-Current Liabilities 510.5m
Efficiency
Fundamental Scores

VICI Profitability Score
Profitability Due Diligence

VICI Properties Inc's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Years Revenue Growth
Positive Operating Income
Positive Net Income
59/100
Profitability
Score

VICI Properties Inc's profitability score is 59/100. The higher the profitability score, the more profitable the company is.

VICI Solvency Score
Solvency Due Diligence

VICI Properties Inc's solvency score is 34/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Short-Term Solvency
Low Altman Z-Score
34/100
Solvency
Score

VICI Properties Inc's solvency score is 34/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

VICI Price Targets Summary
VICI Properties Inc

Wall Street analysts forecast VICI stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for VICI is 37.01 USD with a low forecast of 32.32 USD and a high forecast of 45.15 USD.

Lowest
Price Target
32.32 USD
9% Upside
Average
Price Target
37.01 USD
25% Upside
Highest
Price Target
45.15 USD
53% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

VICI Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

VICI Price
VICI Properties Inc

1M 1M
-3%
6M 6M
-4%
1Y 1Y
-11%
3Y 3Y
+16%
5Y 5Y
+73%
10Y 10Y
+110%
Annual Price Range
29.58
52w Low
27.18
52w High
33.94
Price Metrics
Average Annual Return 16.79%
Standard Deviation of Annual Returns 11.29%
Max Drawdown -60%
Shares Statistics
Market Capitalization 30.8B USD
Shares Outstanding 1 042 680 000
Percentage of Shares Shorted 2.69%

VICI Return Decomposition
Main factors of price return

What is price return decomposition?

VICI News

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VICI Properties Inc

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Sentiment Analysis
VICI Properties Inc

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Company Profile

VICI Properties Inc Logo
VICI Properties Inc

Country

United States of America

Industry

Real Estate

Market Cap

30.8B USD

Dividend Yield

5.55%

Description

VICI Properties, Inc. is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. The company is headquartered in New York City, New York and currently employs 152 full-time employees. The company went IPO on 2017-10-17. The firm is primarily engaged in the business of owning and acquiring gaming, hospitality, and entertainment destinations, subject to long-term triple net leases. The firm segments include real property business and golf course business. The real property business segment consists of leased real property and real estate lending activities. The golf course business segment consists of approximately four golf courses. Its national, geographically diverse portfolio consists of approximately 28 properties, including Caesars Palace Las Vegas, Harrah’s Las Vegas, and the Venetian Resort, three of the entertainment facilities on the Las Vegas Strip. Across 62 million square feet and features approximately 25,000 hotel rooms and approximately 250 restaurants, bars, nightclubs, and sportsbooks. The company owns approximately 34 acres of undeveloped or underdeveloped land on and adjacent to the Las Vegas Strip that is leased to Caesars.

Contact

NEW YORK
New York City
535 Madison Avenue, 20Th Floor
+16469494631.0
https://viciproperties.com/

IPO

2017-10-17

Employees

152

Officers

CEO & Director
Mr. Edward Baltazar Pitoniak
President & COO
Mr. John W. R. Payne
Executive VP, CFO & Treasurer
Mr. David Andrew Kieske
Executive VP, General Counsel & Secretary
Ms. Samantha Sacks Gallagher
Senior VP & Chief Investment Officer
Mr. Kellan Florio
Senior VP & Chief Accounting Officer
Mr. Gabriel F. Wasserman
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Vice President of Accounting & Administration
Mr. Jeremy Waxman
Investor Relations of ICR Inc.
Mr. Jacques Cornet
Director of People
Ms. Amanda Schumer
Senior Vice President of Capital Markets
Ms. Moira McCloskey
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See Also

Discover More
What is the Intrinsic Value of one VICI stock?

The intrinsic value of one VICI stock under the Base Case scenario is 45.05 USD.

Is VICI stock undervalued or overvalued?

Compared to the current market price of 29.58 USD, VICI Properties Inc is Undervalued by 34%.