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MGM China Holdings Limited

Consumer Cyclical US MCHVF

1.05USD
-(-%)

Last update at 2024-12-18T20:00:00Z

Day Range

1.371.37
LowHigh

52 Week Range

0.971.41
LowHigh

Fundamentals

  • Previous Close 1.05
  • Market Cap4832.79M
  • Volume300
  • P/E Ratio-
  • Dividend Yield1.38%
  • EBITDA1755.50M
  • Revenue TTM12702.15M
  • Revenue Per Share TTM3.34
  • Gross Profit TTM 1650.53M
  • Diluted EPS TTM-0.07

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -5216.17000M -3828.00100M -5191.34500M 1941.69M 772.89M
Minority interest - - - - 0.00000M
Net income -5231.91100M -3846.61600M -5201.53100M 1931.23M 1068.50M
Selling general administrative 330.30M 413.56M 307.18M 650.75M 579.52M
Selling and marketing expenses 220.50M 390.97M 198.97M 658.94M 625.11M
Gross profit -419.98500M 1576.89M -516.17500M 7750.43M 5842.70M
Reconciled depreciation 2033.61M 2157.47M 2467.67M 2564.46M 2150.30M
Ebit -3670.86300M -2538.13200M -4148.28200M 3025.81M 1489.78M
Ebitda -1637.25600M -380.65800M -1680.61600M 5590.27M 3640.08M
Depreciation and amortization 2033.61M 2157.47M 2467.67M 2564.46M 2150.30M
Non operating income net other - - - - 0.00000M
Operating income -3609.54200M -2348.62900M -4134.19200M 2963.34M 1434.99M
Other operating expenses 8864.75M 11739.90M 9216.89M 19786.92M 17571.46M
Interest expense 1531.95M 1270.33M 1029.78M 898.29M 516.72M
Tax provision 15.74M 18.61M 10.19M 10.46M -295.60500M
Interest income 71.70M 4.79M 9.23M 21.24M 12.11M
Net interest income -1593.55600M -1378.71900M -1109.17700M -935.78600M -649.86400M
Extraordinary items - - - - 0.00000M
Non recurring - - - - 0.00000M
Other items - - - - 0.00000M
Income tax expense 15.74M 18.61M 10.19M 10.46M -295.60500M
Total revenue 5268.57M 9410.81M 5095.98M 22765.04M 19200.72M
Total operating expenses 3176.20M 3905.97M 3604.73M 4772.31M 4213.45M
Cost of revenue 5688.55M 7833.93M 5612.16M 15014.61M 13358.02M
Total other income expense net -1606.62800M -1479.37200M -1057.15300M -1021.64700M -662.09900M
Discontinued operations - - - - 0.00000M
Net income from continuing ops -5231.91100M -3846.61600M -5201.53100M 1931.23M 1068.50M
Net income applicable to common shares -5231.91100M -3846.61600M -5201.53100M 1931.23M 1068.50M
Preferred stock and other adjustments - - - - 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 31209.50M 28439.58M 29668.75M 32506.22M 35132.57M
Intangible assets - 46.27M 141.70M 244.84M 1279.69M
Earning assets - - - - -
Other current assets - - - - 69.41M
Total liab 35205.92M 27242.66M 24651.09M 22046.09M 26186.80M
Total stockholder equity -3996.42100M 1196.92M 5017.66M 10460.13M 8945.78M
Deferred long term liab - - - - 0.00000M
Other current liab 30.22M 32.99M 25.61M 58.36M 33.75M
Common stock 3800.00M 3800.00M 3800.00M 3800.00M 3800.00M
Capital stock 3800.00M 3800.00M 3800.00M 3800.00M 3800.00M
Retained earnings -5839.38700M -648.65900M 3109.85M 8613.47M 7164.37M
Other liab - 11.67M 19.14M 13.91M 35.56M
Good will - - - - 0.00000M
Other assets 1061.68M 39.36M 62.91M 69.52M 191.47M
Cash 6706.59M 3112.02M 2635.51M 3270.30M 3992.11M
Cash and equivalents - - - - -
Total current liabilities 2303.50M 3113.71M 3292.08M 5236.53M 8058.03M
Current deferred revenue - - - - -
Net debt 26210.38M 21033.15M 18736.47M 13570.70M 14881.10M
Short term debt 21.08M 27.89M 32.11M 45.35M 780.00M
Short long term debt - - - 0.00000M 780.00M
Short long term debt total 32916.97M 24145.17M 21371.98M 16840.99M 18873.21M
Other stockholder equity -1957.03400M -2603.08400M 1217.66M 6660.13M 5145.78M
Property plant equipment - 24685.05M 26276.68M 28090.80M 29003.44M
Total current assets 7233.84M 3668.89M 3187.47M 4101.06M 4657.96M
Long term investments - - - - 0.00000M
Net tangible assets -3996.42100M 1150.64M 4875.97M 10215.29M 7666.09M
Short term investments - - - - 0.00000M
Net receivables 239.52M 269.93M 292.37M 533.31M 436.75M
Long term debt 32725.14M 23929.11M 21155.04M 16604.53M 18093.21M
Inventory 160.02M 164.41M 159.85M 163.72M 159.70M
Accounts payable 2252.20M 3052.82M 3234.36M 5132.82M 7244.28M
Total permanent equity - - - - 0.00000M
Noncontrolling interest in consolidated entity - - - - 0.00000M
Temporary equity redeemable noncontrolling interests - - - - 0.00000M
Accumulated other comprehensive income - - - - 0.00000M
Additional paid in capital - - - - 0.00000M
Common stock total equity - - - - 0.00000M
Preferred stock total equity - - - - 0.00000M
Retained earnings total equity - - - - 0.00000M
Treasury stock - - - - 0.00000M
Accumulated amortization - - - - 0.00000M
Non currrent assets other 1061.68M 39.36M 62.91M 69.52M 191.47M
Deferred long term asset charges - - - - 0.00000M
Non current assets total 23975.65M 24770.69M 26481.28M 28405.16M 30474.61M
Capital lease obligations 191.84M 216.07M 216.94M 236.47M 0.00000M
Long term debt total - - - - 0.00000M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -1320.93100M -518.48900M -831.95800M -1329.88100M -2915.07200M
Change to liabilities 0.00000M -346.05600M -1566.14700M -1082.98300M -1518.31600M
Total cashflows from investing activities -1320.93100M -518.48900M -831.95800M -1329.88100M -2915.07200M
Net borrowings - 2620.94M 4606.35M -2106.68100M 1074.50M
Total cash from financing activities 7037.13M 1442.56M 3162.55M -3725.34300M -532.93300M
Change to operating activities - 5.57M -32.82700M 20.68M 0.94M
Net income -5216.17000M -3828.00100M -5191.34500M 1941.69M 772.89M
Change in cash 3594.57M 476.51M -634.78500M -721.81100M -1291.28000M
Begin period cash flow 3112.02M 2635.51M 3270.30M 3992.11M 5283.39M
End period cash flow 6706.59M 3112.02M 2635.51M 3270.30M 3992.11M
Total cash from operating activities -2113.87800M -449.60700M -2969.88900M 4333.61M 2159.04M
Issuance of capital stock 0.00000M 102.75M 3.96M 6.23M 39.55M
Depreciation 2033.61M 2157.47M 2467.67M 2564.46M 2150.30M
Other cashflows from investing activities - 9.14M 6.76M 4.95M -18.49500M
Dividends paid - - -315.40000M -486.40400M 611.84M
Change to inventory 4.39M -4.56600M 4.08M -2.57500M -23.92000M
Change to account receivables - -102.76700M 147.26M -237.57300M -194.07000M
Sale purchase of stock 0.00000M -128.02300M -3.21000M -6.94200M -57.81600M
Other cashflows from financing activities 7237.13M 7477.83M 16534.42M 11621.77M 3922.67M
Change to netincome - 1619.62M 1143.87M 1097.73M 537.98M
Capital expenditures 291.50M 527.72M 838.80M 1335.57M 2896.66M
Change receivables - - - - 0.00000M
Cash flows other operating - - - - 0.00000M
Exchange rate changes - - - - 0.00000M
Cash and cash equivalents changes - - - - 0.00000M
Change in working capital -661.58600M -447.82000M -1447.63100M -1302.45000M -1735.36500M
Stock based compensation 46.35M 51.64M 68.58M 70.31M 76.64M
Other non cash items 1683.92M 1617.10M 1132.84M 1059.61M 894.57M
Free cash flow -2405.37800M -977.32200M -3808.68600M 2998.05M -737.61300M

Peer Comparison

Sector: Consumer Cyclical Industry: Resorts & Casinos

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
MCHVF
MGM China Holdings Limited
- -% 1.05 - 8.61 0.38 12.54 0.62 4.77
LVS
Las Vegas Sands Corp
0.69 1.35% 51.71 56.23 16.29 4.18 7.87 5.21 15.33
GXYEF
Galaxy Entertainment Group Ltd
- -% 4.30 135.79 14.12 1.15 2.73 1.07 7.83
GXYYY
Galaxy Entertainment Group Ltd ADR
0.27 1.25% 21.83 670.00 14.04 1.15 2.71 1.08 7.93
SCHYY
Sands China Ltd ADR
1.78 6.60% 28.75 - 12.08 6.70 211.73 8.69 51.08

Reports Covered

Stock Research & News

Profile

MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau. It owns and operates MGM Macau, an integrated resort that includes a casino with 926 slot machines and 294 gaming tables, multiple VIP, and private gaming areas; a hotel with 585 hotel rooms, suites, and villas; and amenities, including 8 restaurants, retail outlets, pool, and spa facilities, as well as a convention space. The company also owns MGM Cotai, a resort that consists of a casino with 934 slot machines and 258 gaming tables; a hotel with 1,418 hotel rooms, suites, and skylofts; 12 restaurants and bars; retail outlets; and a meeting space, as well as other non-gaming offerings. In addition, MGM China Holdings Limited is involved in the provision of outsourcing services, including information technology, accounting, human resources, hotel reservation, and convention consultation. The company was incorporated in 2010 and is headquartered in Macau. MGM China Holdings Limited operates as a subsidiary of MGM Resorts International Holdings, Ltd.

MGM China Holdings Limited

Edificio MGM Macau, Macau, Macau

Key Executives

Name Title Year Born
Mr. William Joseph Hornbuckle IV Exec. Chairperson 1958
Mr. Xiaofeng Feng Pres, Chief Strategic Officer & Non-Exec. Director 1971
Dr. Chiu King Ho J.P., JP Exec. Director 1963
Mr. Grant R. Bowie Advisor 1958
Mr. Chen Yau Wong Exec. Director 1954
Mr. John M. McManus Esq. Exec. Director 1967
Mr. Zhi Qi Wang Pres & COO 1967
Ms. Yuen Ying Yu Exec. VP of HR 1968
Mr. Michael George Holubowskyj Sr. VP of Security 1966
Mr. Han Tian Sr. VP of Gaming Operations & Strategic Marketing 1981

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