Framework Journal · one stock, one dated entry

Recorded 2026-07-19 · Permanent

Red Rock Resorts, Inc. logoRed Rock Resorts, Inc. RRR

Outside both standards

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · Red Rock Resorts, Inc., through its interest in Station Casinos LLC, develops and manages casino and entertainment properties in the United States.

The label
Markup

read at $64.75

Red Rock Resorts, Inc. holds its Markup at $64.75.

PHINPOOPSC
  • PHPhase · the trend structure carries the Markup label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · does not pass the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-07-19
PhaseMarkup
Quantitative stateThe statistical read favours the sellers, held for 124 days
Price$64.75
Valuation20.89 trailing · 17.60 forward price to earnings
Values screenFAIL · score 30.0
Beta1.35

The opportunity · what the numbers say it is worth

Read at
$64.75
20.89 P/E · 17.60 fwd
Our fair value
$74.71
15% discount
Analyst target (avg)
$72.00
+11% to current
Target low $59.00Analyst target rangeTarget high $75.00
▲ current $64.75 · | average target

Price history & projections · where it has been, where the models see it going

$78.1$55.3$32.5TODAY5y agoPROJECTIONAnalyst high$75.00 +21%Our fair value$74.71 +20%Analyst avg$72.00 +16%Conservative$58.07 -6%

The valuation journey · where the price sits against fair value and the Street

Current
$64.75
you are here
Conservative
$58.07
-10%
Analyst avg
$72.00
+11%
Our fair value
$74.71
+15%
Analyst high
$75.00
+16%

Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.

Reading the gap · Both our model and the analysts see meaningful upside from here.

Revenue growth1.90%
Profit margin9.21%
Debt to equity1,458.19
Analyst consensusStrong Buy · 17 covering

Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.

The values screen, explained · five checks, plain English

This company is excluded by both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. It fails on both:

The common standard · AAOIFI
Used by most halal investing apps
✗ DOES NOT PASS
Our stricter standard · asset-based
The one Titan applies
✗ DOES NOT PASS

Why it fails. The problem is its prohibited keyword in sector/industry: casino. Because both standards agree on this, it is a clear exclusion, not a borderline case.

What these two standards are, and how they differ →

  • Business activity Prohibited keyword in sector/industry: casino Fail
  • Debt load Interest-bearing debt is of its assets, above the one-third ceiling the screen allows. Fail
  • Interest-bearing cash Interest-bearing cash and securities are of assets, above the one-third limit. Fail
  • Receivables Money owed to the company is of assets, above the 49% limit. Fail
  • Revenue purity of revenue comes from non-compliant sources, over the 5% line. Fail

Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.

The business, in plain words · what the numbers mean

Casinos draw crowds but breach our ethical line

Picture the bright lights of a Las Vegas floor where every spin and hand keeps locals coming back. Red Rock Resorts runs those venues yet the business lands straight on our prohibited list because of the casino sector itself. That single ethical failure rules it out regardless of any other detail.

The numbers show modest revenue growth at just 2 percent, a forward P/E of 17.6 times and a thin 9 percent profit margin even while ROE hits 114 percent. Analysts lean strong buy with a median target near the current price but none of that matters once the screen is failed. We pass without hesitation.

High returns on equity can mask cyclical swings in visitor spending and any downturn would hit hard. Currency and local regulation add further uncertainty on top of the ethical block. Analysis, not advice.

The fundamentals · plain-English read
Forward P/E17.6x
expensive even after accounting for its growth
Trailing P/E20.9x
a premium valuation
Revenue growth1.9%
slow but positive growth
Profit margin9.2%
thin but positive margins
Return on equity114.2%
an exceptional return on shareholder capital
Debt to equity14.58
heavy leverage — higher risk if revenue softens
Current ratio0.81
below 1 — short-term bills exceed liquid assets
Beta1.35
moves a little more than the market
Market cap$6.6B
Employees9,500

The risks · The things to watch: it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.

Plain-English interpretation of our own screen data. Analysis, not advice.

Related securities · others in RRR's space worth a look

Screened names in the same industry · explore each on its own page.

Where & how to trade · wherever in the world you are

RRR trades on Nasdaq. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The trader read · the latest dated commentary

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 31%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (16 analysts) rates it buy, with a mean price target of $67. Entered 2026-07-18 · Markup

The dated journal · newest first, never edited

2026-07-18 Markup $63.11 +0.0% Entry 3

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading bullish. Over the past year the shares are up 31%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (16 analysts) rates it buy, with a mean price target of $67.

2026-07-03 Markup $63.11 +0.0% Entry 2

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.

2026-07-02 Markup $63.11 Entry 1

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $52.56 +18.1% · $1,181 +18.1%
2 months $56.20 +10.5% · $1,105 +10.5%
3 months $57.45 +8.1% $0.26 $1,085 +8.5%
6 months $59.69 +4.0% $1.52 $1,066 +6.6%
1 year $47.41 +30.9% $2.02 $1,352 +35.2%
2 years $47.04 +32.0% $4.02 $1,405 +40.5%
3 years $43.80 +41.7% $6.02 $1,555 +55.5%
5 years $35.63 +74.3% $11.27 $2,059 +105.9%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever RRR does next, these words stay.

Red Rock Resorts, Inc. · RRR · Markup · $64.75
Recorded 2026-07-19 · before the outcome · scored mechanically

Get our weekly market brief free.