RCI Hospitality Holdings

RCI Hospitality Holdings, Inc., formerly Rick's Cabaret International, Inc., operates upscale gentlemen's clubs and restaurants. Subsidiary activities include websites and a media division. Founded in 1983, Rick’s Cabaret pioneered in the creation of elegant gentlemen’s clubs featuring beautiful topless entertainers and high quality restaurant service. Rick’s Cabaret went public through an IPO in 1995 and is listed on The NASDAQ Global Market under the symbol RICK. Options in RICK are traded on the Chicago Board of Options Exchange (CBOE). There are currently 46 nightclubs and restaurants nationwide in the RCI Hospitality Holdings group. Investors are attracted by strong cash flow, consistent profitability, effective internal financial controls developed by management, local laws that create high barriers to entry by potential competitors, and execution of a roll-up strategy in the consolidating gentlemen’s club industry. In recent years the Company has acquired nightclubs in major markets, including New York City, Miami, Philadelphia, Dallas-Ft. Worth and Las Vegas. The Company has built powerful brand name awareness for its upscale environment and enjoyable adult entertainment. Anna Nicole Smith met her oil billionaire husband while dancing at Rick’s Cabaret and many of our performers have become Penthouse Pets and Playboy Playmates.
Type
Public
HQ
Houston, US
Founded
1983
Size (employees)
42 (est)
RCI Hospitality Holdings was founded in 1983 and is headquartered in Houston, US

RCI Hospitality Holdings Office Locations

RCI Hospitality Holdings has an office in Houston
Houston, US (HQ)
10959 Cutten Rd

RCI Hospitality Holdings Data and Metrics

RCI Hospitality Holdings Financial Metrics

RCI Hospitality Holdings's revenue was reported to be $134.9 m in FY, 2016 which is a 7% decrease from the previous period.
USD

Revenue (FY, 2016)

134.9 m

Revenue growth (FY, 2015 - FY, 2016), %

(7%)

Gross profit (FY, 2016)

114.3 m

Gross profit margin (FY, 2016), %

85%

Net income (FY, 2016)

10.3 m

EBIT (FY, 2016)

20.8 m

Market capitalization (19-Jul-2017)

227 m

Closing share price (19-Jul-2017)

23.2

Cash (30-Sep-2016)

11.3 m

EV

321.6 m
RCI Hospitality Holdings's current market capitalization is $227 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

112.2 m129.2 m144.7 m134.9 m

Revenue growth, %

15%12%(7%)

Cost of goods sold

14.2 m16.4 m20.3 m20.5 m

Gross profit

98.1 m112.7 m124.4 m114.3 m

Gross profit Margin, %

87%87%86%85%

Operating expense total

90.1 m110.3 m123.8 m114 m

EBIT

22.1 m18.9 m20.9 m20.8 m

EBIT margin, %

20%15%14%15%

Interest expense

(6.5 m)(7.4 m)(6.7 m)(8 m)

Interest income

9 k148 k15 k131 k

Pre tax profit

15 m16.9 m14.2 m13 m

Income tax expense

5.5 m5.9 m5.2 m2.7 m

Net Income

9.4 m11 m9 m10.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

10.7 m10 m8 m11.3 m

Accounts Receivable

4.4 m

Inventories

1.5 m1.9 m2.4 m2 m

Current Assets

20.7 m23.4 m20.6 m29.4 m

PP&E

98.6 m114 m134.2 m142 m

Goodwill

44 m43.4 m52.6 m45.9 m

Total Assets

223.1 m239.1 m270.8 m276.5 m

Accounts Payable

1.8 m2.2 m2.2 m1.7 m

Total Debt

78.6 m70.4 m94.9 m105.9 m

Current Liabilities

28.9 m39.2 m22.9 m24.5 m

Total Liabilities

146.3 m

Additional Paid-in Capital

61.5 m66.7 m69.7 m64.6 m

Retained Earnings

32.1 m43.4 m52.7 m62.9 m

Total Equity

128.5 m130.1 m

Debt to Equity Ratio

0.7 x0.8 x

Debt to Assets Ratio

0.4 x0.3 x0.4 x0.4 x

Financial Leverage

2.1 x2.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

9.4 m11 m9 m10.3 m

Depreciation and Amortization

5.3 m6.3 m6.9 m7.2 m

Accounts Receivable

337 k(36 k)(339 k)(4 m)

Inventories

(202 k)(407 k)54 k(124 k)

Cash From Operating Activities

18.4 m20.4 m16.4 m23 m

Purchases of PP&E

(9.7 m)(16 m)(19.3 m)(28.1 m)

Cash From Investing Activities

(11.4 m)(21.4 m)(21.6 m)(24.1 m)

Long-term Borrowings

(9.3 m)(8.5 m)(12.6 m)(19.2 m)

Cash From Financing Activities

4.4 m

Interest Paid

6.6 m7.3 m6.5 m7.7 m

Income Taxes Paid

4.9 m4 m3.8 m1.9 m
USDY, 2016

EV/EBIT

15.4 x

EV/CFO

14 x

Revenue/Employee

3.2 m

Debt/Equity

0.8 x

Debt/Assets

0.4 x

Financial Leverage

2.1 x

RCI Hospitality Holdings Market Value History

RCI Hospitality Holdings Online and Social Media Presence

RCI Hospitality Holdings Company Life and Culture

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