MELCO INTERNATIONAL DEVELOPMENT LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.43 HKD | +2.65% |
|
+8.60% | -0.73% |
| Mar. 28 | Melco International Development Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Feb. 13 | Governments race to regulate AI tools | RE |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 24,078 | 33,144 | 22,786 | 14,408 | 12,719 | 8,163 | 8,163 | - |
| Enterprise Value (EV) 1 | 53,243 | 66,564 | 59,600 | 58,833 | 70,612 | 63,332 | 58,732 | 54,306 |
| P/E ratio | 48.4 x | 48.7 x | -3.6 x | -3.77 x | -2.49 x | -4.72 x | -9.38 x | 10.3 x |
| Yield | 0.43% | 0.42% | - | - | - | 0.25% | 0.25% | 0.8% |
| Capitalization / Revenue | 0.59 x | 0.74 x | 1.7 x | 0.92 x | 1.2 x | 0.28 x | 0.23 x | 0.21 x |
| EV / Revenue | 1.31 x | 1.48 x | 4.44 x | 3.76 x | 6.68 x | 2.14 x | 1.62 x | 1.37 x |
| EV / EBITDA | 4.9 x | 5.33 x | -50.8 x | 38.1 x | -195 x | 8.44 x | 6.35 x | 4.99 x |
| EV / FCF | 10.9 x | 12.9 x | -6.91 x | -13 x | -11.2 x | 517 x | 54.7 x | 33.5 x |
| FCF Yield | 9.21% | 7.76% | -14.5% | -7.7% | -8.94% | 0.19% | 1.83% | 2.98% |
| Price to Book | 1.5 x | 1.96 x | 2.12 x | 2.11 x | 7.11 x | 13.7 x | 0.84 x | 0.6 x |
| Nbr of stocks (in thousands) | 1,508,628 | 1,513,407 | 1,511,037 | 1,515,077 | 1,503,418 | 1,503,387 | 1,503,387 | - |
| Reference price 2 | 15.96 | 21.90 | 15.08 | 9.510 | 8.460 | 5.430 | 5.430 | 5.430 |
| Announcement Date | 3/29/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/28/24 | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 40,725 | 44,988 | 13,424 | 15,639 | 10,566 | 29,532 | 36,232 | 39,676 |
| EBITDA 1 | 10,860 | 12,498 | -1,173 | 1,544 | -362 | 7,505 | 9,253 | 10,892 |
| EBIT 1 | 5,407 | 6,028 | -7,475 | -5,275 | -6,801 | 715.1 | 3,667 | 4,880 |
| Operating Margin | 13.28% | 13.4% | -55.68% | -33.73% | -64.37% | 2.42% | 10.12% | 12.3% |
| Earnings before Tax (EBT) 1 | 1,562 | 1,834 | -12,345 | -7,900 | -9,982 | -3,396 | -509.7 | 1,074 |
| Net income 1 | 522.6 | 689.8 | -6,340 | -3,809 | -5,113 | -1,744 | -874.2 | 785.8 |
| Net margin | 1.28% | 1.53% | -47.23% | -24.36% | -48.39% | -5.91% | -2.41% | 1.98% |
| EPS 2 | 0.3300 | 0.4500 | -4.190 | -2.520 | -3.400 | -1.160 | -0.5791 | 0.5276 |
| Free Cash Flow 1 | 4,902 | 5,167 | -8,621 | -4,528 | -6,311 | 120 | 1,073 | 1,621 |
| FCF margin | 12.04% | 11.49% | -64.22% | -28.96% | -59.73% | 0.4% | 2.96% | 4.09% |
| FCF Conversion (EBITDA) | 45.13% | 41.34% | - | - | - | 1.6% | 11.6% | 14.88% |
| FCF Conversion (Net income) | 937.98% | 749.1% | - | - | - | - | - | 206.28% |
| Dividend per Share 2 | 0.0685 | 0.0912 | - | - | - | 0.0133 | 0.0133 | 0.0433 |
| Announcement Date | 3/29/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/28/24 | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S1 | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 22,352 | 22,635 | 7,682 | 5,742 | 8,425 | 7,214 | 6,025 | 4,541 | 13,038 | 16,493 |
| EBITDA | - | - | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | -2,207 | -2,700 | -2,575 | - | - | - |
| Operating Margin | - | - | - | - | -26.19% | -37.43% | -42.73% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.3000 | 0.1500 | -2.430 | -1.760 | -1.090 | -1.430 | -1.580 | -1.820 | -0.4900 | -0.6700 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/30/19 | 3/31/20 | 8/28/20 | 3/31/21 | 8/31/21 | 3/31/22 | 8/31/22 | 3/31/23 | 8/31/23 | 3/28/24 |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 29,165 | 33,420 | 36,813 | 44,424 | 57,894 | 55,108 | 50,569 | 46,143 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.686 x | 2.674 x | -31.39 x | 28.76 x | -159.9 x | 7.343 x | 5.465 x | 4.236 x |
| Free Cash Flow 1 | 4,902 | 5,167 | -8,621 | -4,528 | -6,311 | 120 | 1,073 | 1,621 |
| ROE (net income / shareholders' equity) | 2.97% | 4.16% | -58.9% | -43.2% | -118% | -142% | -570% | 28.1% |
| ROA (Net income/ Total Assets) | 0.53% | 0.7% | -6.47% | -4.02% | -5.35% | -1.87% | -1.2% | 0.66% |
| Assets 1 | 98,148 | 99,191 | 97,948 | 94,864 | 95,642 | 93,253 | 72,852 | 118,705 |
| Book Value Per Share 2 | 10.60 | 11.20 | 7.100 | 4.500 | 1.190 | 0.4000 | 6.500 | 9.120 |
| Cash Flow per Share 2 | 6.460 | 5.710 | -3.500 | 0.3600 | -1.370 | 1.830 | 3.500 | 4.460 |
| Capex 1 | 5,321 | 3,510 | 3,334 | 6,073 | 4,201 | 2,713 | 2,327 | 3,018 |
| Capex / Sales | 13.07% | 7.8% | 24.83% | 38.83% | 39.76% | 9.02% | 6.42% | 7.61% |
| Announcement Date | 3/29/19 | 3/31/20 | 3/31/21 | 3/31/22 | 3/31/23 | 3/28/24 | - | - |
1HKD in Million2HKD
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
8
Last Close Price
5.43
HKD
Average target price
6.9
HKD
Spread / Average Target
+27.07%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.73% | 1.04B | |
| +7.14% | 33.01B | |
| +5.10% | 24.32B | |
| +22.35% | 20.52B | |
| -18.63% | 19.87B | |
| -18.07% | 19.35B | |
| -1.52% | 16.62B | |
| -4.07% | 9.51B | |
| -21.91% | 7.92B | |
| +6.70% | 7.13B |
- Stock Market
- Equities
- 200 Stock
- Financials Melco International Development Limited
