Rational Investing

	Total Market Capitalization of All Firms	$126,888 mm
	Average Market Capitalization	$11,535 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.2
	Standard Deviation of MM Ratio	0
	Average Beta	1.5
	Average EV To Revenue	3.2
	Average Price To Free Cash Flow	31.7

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	% Growth	Beta	As Of
MTN	Vail Resorts Inc.	2.1	9,587	4.5	94.1	9	0.7	Oct 19
WYNN	Wynn Resorts Ltd	1.8	13,338	3.1	40.7	6	2.0	Sep 19
MCRI	Monarch Casino & Resort Inc	1.7	927	4.0	-16.6	7	1.0	Sep 19
ERI	Eldorado Resorts Inc	1.2	4,489	3.6	-5.3	27	1.5	Sep 19
MGM	MGM Resorts International	1.2	16,304	2.3	19.4	14	1.4	Sep 19
BYD	Boyd Gaming Corp.	1.1	3,206	1.9	22.8	34	2.0	Sep 19
CZR	Caesars Entertainment Corp	1.0	9,082	3.6	-14.0	10	1.3	Sep 19
LVS	Las Vegas Sands Corp.	1.0	48,895	4.2	18.5	5	1.6	Sep 19
G13.SI	Genting Singapore PLC	0.9	8,146	3.4	12.1	5	1.4	Sep 19
PENN	Penn National Gaming Inc.	0.7	2,978	1.6	-1.8	45	1.7	Sep 19
MLCO	Melco Resorts & Entertainment	0.5	9,936	2.3	14.1	18	1.8	Sep 19