MELCO RESORTS & ENTERTAINMENT LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 7.78 USD | -3.35% |
|
-3.35% | -12.29% |
| Jun. 03 | Melco Resorts & Entertainment Limited announces an Equity Buyback for $500 million worth of its shares. | CI |
| Jun. 03 | Melco Resorts & Entertainment Limited authorizes a Buyback Plan. | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,116 | 8,847 | 4,858 | 5,119 | 3,877 | 3,401 | - | - |
| Enterprise Value (EV) 1 | 14,078 | 13,088 | 10,161 | 11,952 | 10,039 | 9,302 | 8,752 | 8,252 |
| P/E ratio | 31.2 x | -7.01 x | -6 x | -5.73 x | -14 x | 31.4 x | 12.5 x | 9.8 x |
| Yield | 2.69% | - | - | - | - | - | 1.13% | 4.93% |
| Capitalization / Revenue | 1.94 x | 5.12 x | 2.41 x | 3.79 x | 1.03 x | 0.72 x | 0.67 x | 0.64 x |
| EV / Revenue | 2.45 x | 7.57 x | 5.05 x | 8.85 x | 2.66 x | 1.98 x | 1.72 x | 1.56 x |
| EV / EBITDA | 8.33 x | -126 x | 61.6 x | -191 x | 10.4 x | 7.46 x | 6.32 x | 5.8 x |
| EV / FCF | 36.2 x | -10.1 x | -10.8 x | -16 x | - | 15.2 x | 11.5 x | 9.68 x |
| FCF Yield | 2.76% | -9.91% | -9.26% | -6.27% | - | 6.57% | 8.67% | 10.3% |
| Price to Book | 4.75 x | 8.03 x | 19.7 x | -6.02 x | -3.13 x | -3.15 x | -4.1 x | -4.89 x |
| Nbr of stocks (in thousands) | 459,921 | 476,952 | 477,203 | 445,089 | 437,090 | 437,090 | - | - |
| Reference price 2 | 24.17 | 18.55 | 10.18 | 11.50 | 8.870 | 7.780 | 7.780 | 7.780 |
| Announcement Date | 2/20/20 | 2/25/21 | 3/1/22 | 3/1/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,737 | 1,728 | 2,012 | 1,350 | 3,775 | 4,706 | 5,083 | 5,293 |
| EBITDA 1 | 1,689 | -104.3 | 165 | -62.58 | 961.8 | 1,248 | 1,386 | 1,423 |
| EBIT 1 | 747.7 | -940.6 | -577.5 | -743.1 | 64.96 | 527.4 | 716.3 | 838.4 |
| Operating Margin | 13.03% | -54.43% | -28.7% | -55.05% | 1.72% | 11.21% | 14.09% | 15.84% |
| Earnings before Tax (EBT) 1 | 402.6 | -1,458 | -953.6 | -1,092 | -401.9 | 123.1 | 302.4 | 380.8 |
| Net income 1 | 373.2 | -1,263 | -811.8 | -930.5 | -277.6 | 110.9 | 263.4 | 351.1 |
| Net margin | 6.5% | -73.12% | -40.34% | -68.93% | -7.35% | 2.36% | 5.18% | 6.63% |
| EPS 2 | 0.7750 | -2.647 | -1.698 | -2.007 | -0.6330 | 0.2474 | 0.6200 | 0.7942 |
| Free Cash Flow 1 | 388.8 | -1,297 | -940.6 | -749.2 | - | 611.5 | 758.4 | 852.5 |
| FCF margin | 6.78% | -75.09% | -46.74% | -55.49% | - | 12.99% | 14.92% | 16.11% |
| FCF Conversion (EBITDA) | 23.01% | - | - | - | - | 49.01% | 54.74% | 59.91% |
| FCF Conversion (Net income) | 104.17% | - | - | - | - | 551.22% | 287.91% | 242.79% |
| Dividend per Share 2 | 0.6505 | - | - | - | - | - | 0.0875 | 0.3834 |
| Announcement Date | 2/20/20 | 2/25/21 | 3/1/22 | 3/1/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 446.4 | 480.6 | 474.9 | 296.1 | 241.8 | 337.1 | 716.5 | 947.9 | 1,017 | 1,094 | 1,112 | 1,177 | 1,212 | 1,243 | 1,263 |
| EBITDA 1 | 15.05 | 81.3 | 41.2 | -30.12 | -53.54 | -20.12 | 190.8 | 241.1 | 262.1 | 287.6 | 298.8 | 319.2 | 322 | 334.4 | - |
| EBIT | - | - | - | - | - | - | - | 69.94 | 103.4 | -94.38 | 125.4 | 134.1 | 155 | 163.1 | 177.4 |
| Operating Margin | - | - | - | - | - | - | - | 7.38% | 10.17% | -8.63% | 11.27% | 11.4% | 12.79% | 13.12% | 14.04% |
| Earnings before Tax (EBT) 1 | -269.3 | -187.2 | -219.9 | -294.1 | -284.6 | -293.4 | - | -52.22 | -34.77 | -212 | 4.244 | 26.94 | 51.51 | 58.06 | 61.54 |
| Net income 1 | -233.2 | -159.9 | -183.3 | -251.5 | -243.8 | -251.9 | - | -23.44 | -16.3 | -156.6 | 15.17 | 7.601 | 27.15 | 33.38 | 60.26 |
| Net margin | -52.25% | -33.28% | -38.59% | -84.92% | -100.83% | -74.74% | - | -2.47% | -1.6% | -14.32% | 1.36% | 0.65% | 2.24% | 2.68% | 4.77% |
| EPS 2 | -0.4870 | -0.3360 | -0.3870 | -0.5310 | -0.5280 | -0.5660 | -0.1840 | -0.0540 | -0.0370 | -0.3580 | 0.0350 | 0.0668 | 0.1629 | -0.0160 | 0.1371 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/9/21 | 3/1/22 | 5/5/22 | 8/18/22 | 11/2/22 | 3/1/23 | 5/10/23 | 8/1/23 | 11/7/23 | 2/29/24 | 4/30/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,962 | 4,240 | 5,303 | 6,833 | 6,162 | 5,902 | 5,351 | 4,851 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.753 x | -40.66 x | 32.14 x | -109.2 x | 6.406 x | 4.73 x | 3.862 x | 3.409 x |
| Free Cash Flow 1 | 389 | -1,297 | -941 | -749 | - | 611 | 758 | 853 |
| ROE (net income / shareholders' equity) | 15.8% | -71.4% | -121% | - | - | - | - | - |
| ROA (Net income/ Total Assets) | 4.01% | -13.7% | -9.07% | -10.2% | -3.15% | 0.25% | 3.25% | 4.8% |
| Assets 1 | 9,305 | 9,255 | 8,953 | 9,093 | 8,818 | 44,371 | 8,105 | 7,315 |
| Book Value Per Share 2 | 5.090 | 2.310 | 0.5200 | -1.910 | -2.830 | -2.470 | -1.900 | -1.590 |
| Cash Flow per Share 2 | 1.740 | -0.6000 | -0.5600 | -0.4500 | - | 1.630 | 2.110 | 2.260 |
| Capex 1 | 447 | 437 | 672 | 610 | - | 337 | 355 | 356 |
| Capex / Sales | 7.8% | 25.26% | 33.38% | 45.16% | - | 7.17% | 6.99% | 6.73% |
| Announcement Date | 2/20/20 | 2/25/21 | 3/1/22 | 3/1/23 | 2/29/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
7.78
USD
Average target price
10.62
USD
Spread / Average Target
+36.52%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.29% | 3.4B | |
| -0.75% | 31.16B | |
| -10.74% | 21.85B | |
| -12.16% | 20.7B | |
| +14.36% | 19.52B | |
| +10.38% | 18.86B | |
| -22.10% | 18.44B | |
| +1.19% | 10.04B | |
| -23.14% | 7.8B | |
| +7.23% | 7.64B |
- Stock Market
- Equities
- MLCO Stock
- Financials Melco Resorts & Entertainment Limited
