VICI PROPERTIES INC (VICI) Fundamental Analysis & Valuation

NYSE:VICI • US9256521090

Current stock price

28.1 USD
-0.52 (-1.82%)
At close:
28.2097 USD
+0.11 (+0.39%)
After Hours:

This VICI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. VICI Profitability Analysis

1.1 Basic Checks

  • In the past year VICI was profitable.
  • VICI had a positive operating cash flow in the past year.
  • Each year in the past 5 years VICI has been profitable.
  • VICI had a positive operating cash flow in each of the past 5 years.
VICI Yearly Net Income VS EBIT VS OCF VS FCFVICI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

1.2 Ratios

  • With an excellent Return On Assets value of 5.94%, VICI belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 9.98%, VICI is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 6.29%, VICI belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for VICI is in line with the industry average of 5.05%.
  • The last Return On Invested Capital (6.29%) for VICI is above the 3 year average (6.23%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.94%
ROE 9.98%
ROIC 6.29%
ROA(3y)5.85%
ROA(5y)5.26%
ROE(3y)10.01%
ROE(5y)8.7%
ROIC(3y)6.23%
ROIC(5y)5.76%
VICI Yearly ROA, ROE, ROICVICI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • VICI has a better Profit Margin (69.28%) than 96.43% of its industry peers.
  • In the last couple of years the Profit Margin of VICI has remained more or less at the same level.
  • The Operating Margin of VICI (91.24%) is better than 100.00% of its industry peers.
  • VICI's Operating Margin has improved in the last couple of years.
  • VICI's Gross Margin of 99.33% is amongst the best of the industry. VICI outperforms 100.00% of its industry peers.
  • In the last couple of years the Gross Margin of VICI has remained more or less at the same level.
Industry RankSector Rank
OM 91.24%
PM (TTM) 69.28%
GM 99.33%
OM growth 3Y13.28%
OM growth 5Y4.13%
PM growth 3Y17.26%
PM growth 5Y-0.97%
GM growth 3Y0.07%
GM growth 5Y0.16%
VICI Yearly Profit, Operating, Gross MarginsVICI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. VICI Health Analysis

2.1 Basic Checks

  • VICI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, VICI has more shares outstanding
  • Compared to 5 years ago, VICI has more shares outstanding
  • VICI has a better debt/assets ratio than last year.
VICI Yearly Shares OutstandingVICI Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
VICI Yearly Total Debt VS Total AssetsVICI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • VICI has an Altman-Z score of 1.39. This is a bad value and indicates that VICI is not financially healthy and even has some risk of bankruptcy.
  • VICI has a Altman-Z score of 1.39. This is in the better half of the industry: VICI outperforms 71.43% of its industry peers.
  • The Debt to FCF ratio of VICI is 7.03, which is on the high side as it means it would take VICI, 7.03 years of fcf income to pay off all of its debts.
  • VICI has a better Debt to FCF ratio (7.03) than 82.14% of its industry peers.
  • VICI has a Debt/Equity ratio of 0.63. This is a neutral value indicating VICI is somewhat dependend on debt financing.
  • VICI has a better Debt to Equity ratio (0.63) than 85.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 7.03
Altman-Z 1.39
ROIC/WACC0.84
WACC7.49%
VICI Yearly LT Debt VS Equity VS FCFVICI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B

2.3 Liquidity

  • A Current Ratio of 0.67 indicates that VICI may have some problems paying its short term obligations.
  • The Current ratio of VICI (0.67) is comparable to the rest of the industry.
  • A Quick Ratio of 0.67 indicates that VICI may have some problems paying its short term obligations.
  • VICI's Quick ratio of 0.67 is in line compared to the rest of the industry. VICI outperforms 50.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.67
VICI Yearly Current Assets VS Current LiabilitesVICI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. VICI Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.95% over the past year.
  • The Earnings Per Share has been growing by 10.84% on average over the past years. This is quite good.
  • Looking at the last year, VICI shows a small growth in Revenue. The Revenue has grown by 4.08% in the last year.
  • The Revenue has been growing by 26.73% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)1.95%
EPS 3Y13.4%
EPS 5Y10.84%
EPS Q2Q%-1.72%
Revenue 1Y (TTM)4.08%
Revenue growth 3Y15.49%
Revenue growth 5Y26.73%
Sales Q2Q%3.79%

3.2 Future

  • VICI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.19% yearly.
  • Based on estimates for the next years, VICI will show a small growth in Revenue. The Revenue will grow by 1.76% on average per year.
EPS Next Y9.71%
EPS Next 2Y6.71%
EPS Next 3Y5.19%
EPS Next 5YN/A
Revenue Next Year3.17%
Revenue Next 2Y2.55%
Revenue Next 3Y1.76%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
VICI Yearly Revenue VS EstimatesVICI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
VICI Yearly EPS VS EstimatesVICI Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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8

4. VICI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.77 indicates a reasonable valuation of VICI.
  • Based on the Price/Earnings ratio, VICI is valued cheaper than 96.43% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.11. VICI is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 9.81 indicates a reasonable valuation of VICI.
  • 96.43% of the companies in the same industry are more expensive than VICI, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.12, VICI is valued rather cheaply.
Industry RankSector Rank
PE 10.77
Fwd PE 9.81
VICI Price Earnings VS Forward Price EarningsVICI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, VICI is valued cheaper than 96.43% of the companies in the same industry.
  • 96.43% of the companies in the same industry are more expensive than VICI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.97
EV/EBITDA 13.03
VICI Per share dataVICI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • VICI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of VICI may justify a higher PE ratio.
PEG (NY)1.11
PEG (5Y)0.99
EPS Next 2Y6.71%
EPS Next 3Y5.19%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. VICI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.26%, VICI is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 5.49, VICI pays a better dividend. On top of this VICI pays more dividend than 82.14% of the companies listed in the same industry.
  • VICI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 6.26%

5.2 History

  • The dividend of VICI is nicely growing with an annual growth rate of 7.29%!
  • VICI has been paying a dividend for over 5 years, so it has already some track record.
  • VICI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)7.29%
Div Incr Years6
Div Non Decr Years6
VICI Yearly Dividends per shareVICI Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 66.78% of the earnings are spent on dividend by VICI. This is not a sustainable payout ratio.
  • The dividend of VICI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP66.78%
EPS Next 2Y6.71%
EPS Next 3Y5.19%
VICI Yearly Income VS Free CF VS DividendVICI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B -2B -3B
VICI Dividend Payout.VICI Dividend Payout, showing the Payout Ratio.VICI Dividend Payout.PayoutRetained Earnings

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VICI Fundamentals: All Metrics, Ratios and Statistics

VICI PROPERTIES INC

NYSE:VICI (3/18/2026, 6:01:43 PM)

After market: 28.2097 +0.11 (+0.39%)

28.1

-0.52 (-1.82%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-25
Earnings (Next)04-28
Inst Owners99.89%
Inst Owner Change-2.64%
Ins Owners0.29%
Ins Owner Change4.09%
Market Cap30.03B
Revenue(TTM)4.01B
Net Income(TTM)2.78B
Analysts80.65
Price Target35.7 (27.05%)
Short Float %2.72%
Short Ratio2.81
Dividend
Industry RankSector Rank
Dividend Yield 6.26%
Yearly Dividend1.74
Dividend Growth(5Y)7.29%
DP66.78%
Div Incr Years6
Div Non Decr Years6
Ex-Date03-19
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.33%
Min EPS beat(2)-18.34%
Max EPS beat(2)-0.32%
EPS beat(4)1
Avg EPS beat(4)-6.91%
Min EPS beat(4)-26.29%
Max EPS beat(4)17.33%
EPS beat(8)3
Avg EPS beat(8)-6.68%
EPS beat(12)5
Avg EPS beat(12)-4.97%
EPS beat(16)7
Avg EPS beat(16)-6.16%
Revenue beat(2)0
Avg Revenue beat(2)-1.43%
Min Revenue beat(2)-1.64%
Max Revenue beat(2)-1.23%
Revenue beat(4)0
Avg Revenue beat(4)-1.22%
Min Revenue beat(4)-1.64%
Max Revenue beat(4)-0.86%
Revenue beat(8)0
Avg Revenue beat(8)-1.08%
Revenue beat(12)2
Avg Revenue beat(12)-0.65%
Revenue beat(16)4
Avg Revenue beat(16)0.06%
PT rev (1m)0%
PT rev (3m)-2.41%
EPS NQ rev (1m)-0.24%
EPS NQ rev (3m)-4.61%
EPS NY rev (1m)0.42%
EPS NY rev (3m)-2.7%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)0.1%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)0.38%
Valuation
Industry RankSector Rank
PE 10.77
Fwd PE 9.81
P/S 7.5
P/FCF 11.97
P/OCF 11.96
P/B 1.08
P/tB 1.08
EV/EBITDA 13.03
EPS(TTM)2.61
EY9.29%
EPS(NY)2.86
Fwd EY10.19%
FCF(TTM)2.35
FCFY8.35%
OCF(TTM)2.35
OCFY8.36%
SpS3.75
BVpS26.01
TBVpS26.01
PEG (NY)1.11
PEG (5Y)0.99
Graham Number39.08
Profitability
Industry RankSector Rank
ROA 5.94%
ROE 9.98%
ROCE 7.97%
ROIC 6.29%
ROICexc 6.37%
ROICexgc 6.37%
OM 91.24%
PM (TTM) 69.28%
GM 99.33%
FCFM 62.62%
ROA(3y)5.85%
ROA(5y)5.26%
ROE(3y)10.01%
ROE(5y)8.7%
ROIC(3y)6.23%
ROIC(5y)5.76%
ROICexc(3y)6.3%
ROICexc(5y)5.87%
ROICexgc(3y)6.3%
ROICexgc(5y)4.93%
ROCE(3y)7.88%
ROCE(5y)7.29%
ROICexgc growth 3Y21.98%
ROICexgc growth 5Y35.59%
ROICexc growth 3Y21.98%
ROICexc growth 5Y7.81%
OM growth 3Y13.28%
OM growth 5Y4.13%
PM growth 3Y17.26%
PM growth 5Y-0.97%
GM growth 3Y0.07%
GM growth 5Y0.16%
F-Score7
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 7.03
Debt/EBITDA 4.8
Cap/Depr 36.71%
Cap/Sales 0.03%
Interest Coverage 4.69
Cash Conversion 68.6%
Profit Quality 90.39%
Current Ratio 0.67
Quick Ratio 0.67
Altman-Z 1.39
F-Score7
WACC7.49%
ROIC/WACC0.84
Cap/Depr(3y)14083.4%
Cap/Depr(5y)35466.3%
Cap/Sales(3y)16.35%
Cap/Sales(5y)43.09%
Profit Quality(3y)65.2%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.95%
EPS 3Y13.4%
EPS 5Y10.84%
EPS Q2Q%-1.72%
EPS Next Y9.71%
EPS Next 2Y6.71%
EPS Next 3Y5.19%
EPS Next 5YN/A
Revenue 1Y (TTM)4.08%
Revenue growth 3Y15.49%
Revenue growth 5Y26.73%
Sales Q2Q%3.79%
Revenue Next Year3.17%
Revenue Next 2Y2.55%
Revenue Next 3Y1.76%
Revenue Next 5YN/A
EBIT growth 1Y3.11%
EBIT growth 3Y30.82%
EBIT growth 5Y31.97%
EBIT Next Year-7.25%
EBIT Next 3Y0.42%
EBIT Next 5YN/A
FCF growth 1Y27.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y5.4%
OCF growth 3Y8.9%
OCF growth 5Y23.22%

VICI PROPERTIES INC / VICI Fundamental Analysis FAQ

What is the ChartMill fundamental rating of VICI PROPERTIES INC (VICI) stock?

ChartMill assigns a fundamental rating of 6 / 10 to VICI.


What is the valuation status of VICI PROPERTIES INC (VICI) stock?

ChartMill assigns a valuation rating of 8 / 10 to VICI PROPERTIES INC (VICI). This can be considered as Undervalued.


How profitable is VICI PROPERTIES INC (VICI) stock?

VICI PROPERTIES INC (VICI) has a profitability rating of 8 / 10.


Can you provide the expected EPS growth for VICI stock?

The Earnings per Share (EPS) of VICI PROPERTIES INC (VICI) is expected to grow by 9.71% in the next year.


How sustainable is the dividend of VICI PROPERTIES INC (VICI) stock?

The dividend rating of VICI PROPERTIES INC (VICI) is 7 / 10 and the dividend payout ratio is 66.78%.