MELCO RESORTS & ENTERTAINMENT LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.34 USD | +0.48% |
|
+3.09% | -28.52% |
| Apr. 17 | Asian Equities Traded in the US as American Depositary Receipts Remain Flat in Wednesday Trading | MT |
| Apr. 15 | Seaport Global Starts Melco Resorts & Entertainment With Buy Rating | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 11,116 | 8,847 | 4,858 | 5,119 | 3,877 | 2,771 | - | - |
| Enterprise Value (EV) 1 | 14,078 | 13,088 | 10,161 | 11,952 | 3,877 | 8,734 | 8,205 | 8,105 |
| P/E ratio | 31.2 x | -7.01 x | -6 x | -5.73 x | -14 x | 25.3 x | 10.1 x | 7.42 x |
| Yield | 2.69% | - | - | - | - | - | 1.35% | 6.52% |
| Capitalization / Revenue | 1.94 x | 5.12 x | 2.41 x | 3.79 x | 1.03 x | 0.59 x | 0.55 x | 0.5 x |
| EV / Revenue | 2.45 x | 7.57 x | 5.05 x | 8.85 x | 1.03 x | 1.85 x | 1.62 x | 1.47 x |
| EV / EBITDA | 8.33 x | -126 x | 61.6 x | -191 x | 4.03 x | 6.89 x | 5.87 x | 5.58 x |
| EV / FCF | 36.2 x | -10.1 x | -10.8 x | -16 x | - | 11.3 x | 9.86 x | 9.64 x |
| FCF Yield | 2.76% | -9.91% | -9.26% | -6.27% | - | 8.88% | 10.1% | 10.4% |
| Price to Book | 4.75 x | 8.03 x | 19.7 x | -6.02 x | - | -2.36 x | -3.31 x | -5.17 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 | 6.340 | 6.340 | 6.340 |
| Announcement Date | 2/20/20 | 2/25/21 | 3/1/22 | 3/1/23 | 3/1/24 | - | - | - |
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 | 4,711 | 5,064 | 5,518 |
| EBITDA 1 | 1,689 | -104.3 | 165 | -62.58 | 961.8 | 1,267 | 1,399 | 1,454 |
| EBIT 1 | 747.7 | -940.6 | -577.5 | -743.1 | 64.96 | 559.1 | 678.6 | 841.6 |
| Operating Margin | 13.03% | -54.43% | -28.7% | -55.05% | 1.72% | 11.87% | 13.4% | 15.25% |
| Earnings before Tax (EBT) 1 | 402.6 | -1,458 | -953.6 | -1,092 | -401.9 | 104.8 | 261.7 | 393.5 |
| Net income 1 | 373.2 | -1,263 | -811.8 | -930.5 | -277.6 | 123.6 | 264.6 | 373.5 |
| Net margin | 6.5% | -73.12% | -40.34% | -68.93% | -7.35% | 2.62% | 5.23% | 6.77% |
| EPS 2 | 0.7750 | -2.647 | -1.698 | -2.007 | -0.6330 | 0.2503 | 0.6256 | 0.8540 |
| Free Cash Flow 1 | 388.8 | -1,297 | -940.6 | -749.2 | - | 775.1 | 831.7 | 841 |
| FCF margin | 6.78% | -75.09% | -46.74% | -55.49% | - | 16.46% | 16.42% | 15.24% |
| FCF Conversion (EBITDA) | 23.01% | - | - | - | - | 61.19% | 59.45% | 57.85% |
| FCF Conversion (Net income) | 104.17% | - | - | - | - | 627.04% | 314.28% | 225.19% |
| Dividend per Share 2 | 0.6505 | - | - | - | - | - | 0.0857 | 0.4137 |
| Announcement Date | 2/20/20 | 2/25/21 | 3/1/22 | 3/1/23 | 3/1/24 | - | - | - |
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 | 1,140 | 1,163 | 1,188 | 1,219 | 1,284 |
| EBITDA 1 | 15.05 | 81.3 | 41.2 | -30.12 | -53.54 | -20.12 | 190.8 | 241.1 | 262.1 | 287.6 | 311.6 | 312.2 | 320 | 341.2 | - |
| EBIT 1 | - | - | - | - | - | - | - | 69.94 | 103.4 | -94.38 | 114.9 | 125.5 | 140.4 | 149.7 | 169.1 |
| Operating Margin | - | - | - | - | - | - | - | 7.38% | 10.17% | -8.63% | 10.08% | 10.79% | 11.82% | 12.28% | 13.17% |
| Earnings before Tax (EBT) 1 | -269.3 | -187.2 | -219.9 | -294.1 | -284.6 | -293.4 | - | -52.22 | -34.77 | -212 | 3.519 | 14.06 | 28.87 | 37.9 | 62.24 |
| Net income 1 | -233.2 | -159.9 | -183.3 | -251.5 | -243.8 | -251.9 | - | -23.44 | -16.3 | -156.6 | 3.046 | 12.17 | 24.99 | 32.81 | 53.88 |
| Net margin | -52.25% | -33.28% | -38.59% | -84.92% | -100.83% | -74.74% | - | -2.47% | -1.6% | -14.32% | 0.27% | 1.05% | 2.1% | 2.69% | 4.2% |
| EPS 2 | -0.4870 | -0.3360 | -0.3870 | -0.5310 | -0.5280 | -0.5660 | -0.1840 | -0.0540 | -0.0370 | -0.3580 | 0.0185 | 0.0393 | 0.0624 | 0.0925 | 0.1233 |
| 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 | 3/1/24 | - | - | - | - | - |
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 | - | 5,963 | 5,434 | 5,334 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.753 x | -40.66 x | 32.14 x | -109.2 x | - | 4.707 x | 3.884 x | 3.669 x |
| Free Cash Flow 1 | 389 | -1,297 | -941 | -749 | - | 775 | 832 | 841 |
| ROE (net income / shareholders' equity) | 15.8% | -71.4% | -121% | - | - | - | - | - |
| ROA (Net income/ Total Assets) | 4.01% | -13.7% | -9.07% | -10.2% | - | -0.15% | 2.75% | 4.8% |
| Assets 1 | 9,305 | 9,255 | 8,953 | 9,093 | - | -82,411 | 9,623 | 7,781 |
| Book Value Per Share 2 | 5.090 | 2.310 | 0.5200 | -1.910 | - | -2.690 | -1.920 | -1.230 |
| Cash Flow per Share 2 | 1.740 | -0.6000 | -0.5600 | -0.4500 | - | 1.550 | 2.120 | 2.770 |
| Capex 1 | 447 | 437 | 672 | 610 | - | 328 | 295 | 476 |
| Capex / Sales | 7.8% | 25.26% | 33.38% | 45.16% | - | 6.97% | 5.83% | 8.62% |
| Announcement Date | 2/20/20 | 2/25/21 | 3/1/22 | 3/1/23 | 3/1/24 | - | - | - |
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
6.34
USD
Average target price
10.91
USD
Spread / Average Target
+72.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -28.52% | 2.77B | |
| +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
- MLCO Stock
- Financials Melco Resorts & Entertainment Limited
