Financials MGM Resorts International

Equities

MGM

US5529531015

Casinos & Gaming

Market Closed - Nyse 04:00:01 2024-02-21 pm EST 5-day change 1st Jan Change
42.3 USD -0.14% Intraday chart for MGM Resorts International -1.17% -5.33%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 12,790 17,134 15,564 21,047 12,876 13,813 13,813 -
Enterprise Value (EV) 1 26,394 25,973 22,839 29,115 12,876 18,678 17,144 17,463
P/E ratio 30 x 8.57 x -15.6 x 18.6 x 9.61 x 14 x 17.4 x 16.3 x
Yield 1.98% 1.56% 0.5% 0.02% - 0.01% - -
Capitalization / Revenue 1.09 x 1.33 x 3.02 x 2.17 x 0.98 x 0.94 x 0.83 x 0.82 x
EV / Revenue 2.24 x 2.01 x 4.42 x 3.01 x 0.98 x 1.16 x 1.03 x 1.03 x
EV / EBITDA 9.4 x 8.83 x -154 x 12 x 3.68 x 4.07 x 3.64 x 3.56 x
EV / FCF 112 x 24.2 x -13 x 33 x - 10.6 x 12.8 x 11.7 x
FCF Yield 0.89% 4.13% -7.72% 3.03% - 9.42% 7.83% 8.53%
Price to Book 1.97 x 2.17 x 2.39 x 3.35 x - 3.37 x 3.21 x 2.76 x
Nbr of stocks (in thousands) 527,198 514,984 493,939 468,960 384,020 326,550 326,550 -
Reference price 2 24.26 33.27 31.51 44.88 33.53 42.30 42.30 42.30
Announcement Date 2/13/19 2/12/20 2/10/21 2/9/22 2/8/23 2/13/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 11,763 12,900 5,162 9,680 13,127 16,164 16,611 16,886
EBITDA 1 2,808 2,941 -148.5 2,421 3,497 4,588 4,713 4,903
EBIT 1 1,469 3,940 -642.4 2,279 1,439 1,891 1,750 1,915
Operating Margin 12.49% 30.55% -12.45% 23.54% 10.96% 11.7% 10.53% 11.34%
Earnings before Tax (EBT) 1 634 2,847 -1,511 1,462 903.8 1,473 1,301 1,462
Net income 1 466.8 2,049 -1,033 1,254 1,473 1,142 819.2 909.8
Net margin 3.97% 15.89% -20.01% 12.96% 11.22% 7.07% 4.93% 5.39%
EPS 2 0.8100 3.880 -2.020 2.410 3.490 3.190 2.425 2.599
Free Cash Flow 1 235.7 1,071 -1,764 882.7 - 1,759 1,342 1,490
FCF margin 2% 8.31% -34.16% 9.12% - 10.88% 8.08% 8.82%
FCF Conversion (EBITDA) 8.39% 36.42% - 36.46% - 38.34% 28.47% 30.38%
FCF Conversion (Net income) 50.49% 52.28% - 70.37% - 154% 163.82% 163.74%
Dividend per Share 2 0.4800 0.5200 0.1575 0.0100 - 0.003300 - -
Announcement Date 2/13/19 2/12/20 2/10/21 2/9/22 2/8/23 2/13/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 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
Net sales 1 2,268 2,708 3,057 2,854 3,265 3,416 3,592 3,873 3,942 3,973 4,376 4,203 4,092 4,123 4,324
EBITDA 1 616.8 765 821.4 670.4 919.7 949.8 957.3 1,106 1,142 1,146 1,194 1,197 1,158 1,184 1,231
EBIT 1 263.8 1,893 368.8 105.8 2,381 -1,046 -1.896 730.8 371.4 369.9 419.3 440.2 410.9 427.9 476.1
Operating Margin 11.63% 69.91% 12.07% 3.71% 72.94% -30.62% -0.05% 18.87% 9.42% 9.31% 9.58% 10.47% 10.04% 10.38% 11.01%
Earnings before Tax (EBT) 1 125.1 1,620 147.2 -71.13 2,195 -1,186 -34.08 645.7 282.7 224.3 320.1 307.5 295.6 333.9 378.3
Net income 1 104.8 1,350 131 -18.02 1,784 -576.8 284 466.8 200.8 161.1 313.5 186.2 178.5 210.2 231.2
Net margin 4.62% 49.88% 4.29% -0.63% 54.64% -16.89% 7.91% 12.05% 5.09% 4.06% 7.16% 4.43% 4.36% 5.1% 5.35%
EPS 2 0.1400 2.770 0.2300 -0.0600 4.200 -1.450 0.6900 1.240 0.5500 0.4600 0.9200 0.5529 0.5367 0.6384 0.7004
Dividend per Share 2 0.002500 0.002500 0.002500 0.002500 0.002500 0.002500 - - - - 0.000500 - - - -
Announcement Date 8/4/21 11/3/21 2/9/22 5/2/22 8/3/22 11/2/22 2/8/23 5/1/23 8/2/23 11/8/23 2/13/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 13,605 8,839 7,275 8,068 - 3,416 3,331 3,650
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.845 x 3.005 x -48.99 x 3.332 x - 0.7445 x 0.7068 x 0.7444 x
Free Cash Flow 1 236 1,071 -1,764 883 - 1,759 1,342 1,490
ROE (net income / shareholders' equity) 6.63% 5.71% -14.5% -5.14% - 22.2% 21.5% 18.9%
ROA (Net income/ Total Assets) 1.83% 1.27% -2.94% -0.83% - 2.17% 6.75% 6.5%
Assets 1 25,469 161,096 35,185 -150,332 - 52,521 12,133 13,995
Book Value Per Share 2 12.30 15.40 13.20 13.40 - 13.30 13.20 15.40
Cash Flow per Share 2 3.130 3.430 -3.020 2.820 - 7.500 5.930 6.700
Capex 1 1,487 739 271 491 - 932 840 1,033
Capex / Sales 12.64% 5.73% 5.24% 5.07% - 5.76% 5.06% 6.12%
Announcement Date 2/13/19 2/12/20 2/10/21 2/9/22 2/8/23 2/13/24 - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
42.3 USD
Average target price
55.14 USD
Spread / Average Target
+30.35%
Consensus
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