Consumer Cyclical - Gambling, Resorts & Casinos - NYSE - US
$ 37.28
-0.64 %
$ 11.1 B
Market Cap
13.36
P/E
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings.[ Read More ]
The intrinsic value of one MGM stock under the base case scenario is HIDDEN Compared to the current market price of 37.3 USD, MGM Resorts International is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart MGM
FINANCIALS
16.2 B
REVENUE
1.89 B
OPERATING INCOME
1.14 B
NET INCOME
2.69 B
OPERATING CASH FLOW
-714 M
INVESTING CASH FLOW
-5 B
FINANCING CASH FLOW
4.18 B
REVENUE
315 M
OPERATING INCOME
244 M
NET INCOME
667 M
OPERATING CASH FLOW
-494 M
INVESTING CASH FLOW
324 M
FINANCING CASH FLOW
Balance Sheet Decomposition
MGM Resorts International
| Current Assets | 4.91 B |
| Cash & Short-Term Investments | 2.93 B |
| Receivables | 1.07 B |
| Other Current Assets | 912 M |
| Non-Current Assets | 37.5 B |
| Long-Term Investments | 241 M |
| PP&E | 29.5 B |
| Other Non-Current Assets | 7.74 B |
| Current Liabilities | 3.13 B |
| Accounts Payable | 462 M |
| Short-Term Debt | 84.2 M |
| Other Current Liabilities | 2.58 B |
| Non-Current Liabilities | 34.9 B |
| Long-Term Debt | 31.6 B |
| Other Non-Current Liabilities | 3.32 B |
EFFICIENCY
Earnings Waterfall
MGM Resorts International
| Revenue | 16.2 B |
| Cost Of Revenue | 9.37 B |
| Gross Profit | 6.8 B |
| Operating Expenses | 5.72 B |
| Operating Income | 1.89 B |
| Other Expenses | 749 M |
| Net Income | 1.14 B |
RATIOS
42.05%
GROSS MARGIN
11.70%
OPERATING MARGIN
7.07%
NET MARGIN
29.97%
ROE
2.70%
ROA
16.63%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
MGM Resorts International
| Net Income | 1.14 B |
| Depreciation & Amortization | 814 M |
| Capital Expenditures | -932 M |
| Stock-Based Compensation | 73.6 M |
| Change in Working Capital | 153 M |
| Others | 516 M |
| Free Cash Flow | 1.76 B |
Wall Street Analysts Price Targets
MGM Resorts International
Wall Street analysts predict an average 1-year price target for MGM of $53.1 , with forecasts ranging from a low of $42 to a high of $62 .
MGM Lowest Price Target
Wall Street Target
42 USD
12.66%
MGM Average Price Target
Wall Street Target
53.1 USD
42.44%
MGM Highest Price Target
Wall Street Target
62 USD
66.31%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0.0025 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
MGM Resorts International
Sold
0-3 MONTHS
4.44 M USD 1
3-6 MONTHS
6.17 M USD 4
6-9 MONTHS
18.2 M USD 1
9-12 MONTHS
2.23 M USD 2
Bought
0 USD 0
0-3 MONTHS
7.31 M USD 3
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Sep 13, 2024
|
Sell 4.28 M USD
|
Meister Keith A.
Director |
- 116679
|
36.7 USD |
|
2 months ago
Sep 13, 2024
|
Sell 161 K USD
|
Meister Keith A.
Director |
- 4321
|
37.29 USD |
|
3 months ago
Aug 05, 2024
|
Bought 4.99 M USD
|
SALEM PAUL J
Director |
+ 147500
|
33.804 USD |
|
3 months ago
Aug 05, 2024
|
Bought 1.99 M USD
|
HORNBUCKLE WILLIAM
CEO AND PRESIDENT |
+ 58900
|
33.7257 USD |
|
3 months ago
Aug 05, 2024
|
Bought 340 K USD
|
Halkyard Jonathan S
CHIEF FINANCIAL OFFICER |
+ 10000
|
34 USD |
|
5 months ago
Jun 13, 2024
|
Sell 5.63 M USD
|
Meister Keith A.
Director |
- 139300
|
40.44 USD |
|
5 months ago
May 21, 2024
|
Sell 178 K USD
|
TAYLOR DANIEL J
Director |
- 4344
|
41.0202 USD |
|
5 months ago
May 20, 2024
|
Sell 179 K USD
|
JAMMET MARY CHRIS
Director |
- 4344
|
41.1101 USD |
|
6 months ago
May 17, 2024
|
Sell 180 K USD
|
HERMAN ALEXIS
Director |
- 4344
|
41.5 USD |
|
8 months ago
Mar 12, 2024
|
Sell 13.9 M USD
|
Meister Keith A.
Director |
- 325000
|
42.9 USD |
|
8 months ago
Mar 13, 2024
|
Sell 4.3 M USD
|
Meister Keith A.
Director |
- 100000
|
42.98 USD |
|
11 months ago
Dec 14, 2023
|
Sell 1.34 M USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 30000
|
44.8194 USD |
|
11 months ago
Dec 12, 2023
|
Sell 435 K USD
|
McManus John
CHIEF LEGAL ADMIN OFC AND SECY |
- 10000
|
43.4505 USD |
|
11 months ago
Dec 14, 2023
|
Sell 450 K USD
|
McManus John
CHIEF LEGAL ADMIN OFC AND SECY |
- 10000
|
45.0007 USD |
|
1 year ago
Aug 07, 2023
|
Sell 202 K USD
|
TAYLOR DANIEL J
Director |
- 4454
|
45.2501 USD |
|
1 year ago
Aug 07, 2023
|
Sell 452 K USD
|
McManus John
CHIEF LEGAL ADMIN OFC AND SECY |
- 10000
|
45.2248 USD |
|
1 year ago
Aug 10, 2023
|
Sell 466 K USD
|
McManus John
CHIEF LEGAL ADMIN OFC AND SECY |
- 10000
|
46.5914 USD |
|
1 year ago
Aug 07, 2023
|
Sell 1.13 M USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 25000
|
45.212 USD |
|
1 year ago
Jun 13, 2023
|
Sell 10.9 M USD
|
Meister Keith A.
Director |
- 250000
|
43.79 USD |
|
1 year ago
Jun 13, 2023
|
Sell 439 K USD
|
McManus John
CHIEF LEGAL ADMIN OFC AND SECY |
- 10000
|
43.9059 USD |
|
1 year ago
Jun 07, 2023
|
Sell 413 K USD
|
McManus John
CHIEF LEGAL ADMIN OFC AND SECY |
- 10000
|
41.3143 USD |
|
1 year ago
May 22, 2023
|
Sell 100 K USD
|
HERMAN ALEXIS
Director |
- 2350
|
42.6349 USD |
|
1 year ago
Apr 03, 2023
|
Sell 2.22 M USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 50000
|
44.4197 USD |
|
1 year ago
Mar 01, 2023
|
Sell 124 K USD
|
Mckinney-James Rose
Director |
- 2870
|
43.23 USD |
|
1 year ago
Feb 17, 2023
|
Sell 869 K USD
|
McManus John
CHIEF LEGAL ADMIN OFC AND SECY |
- 20000
|
43.4675 USD |
|
1 year ago
Feb 09, 2023
|
Sell 4.93 M USD
|
HORNBUCKLE WILLIAM
CEO AND PRESIDENT |
- 110000
|
44.8609 USD |
|
1 year ago
Feb 01, 2023
|
Sell 1.26 M USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 30000
|
42 USD |
|
1 year ago
Jan 26, 2023
|
Sell 4.92 M USD
|
HORNBUCKLE WILLIAM
CEO AND PRESIDENT |
- 120000
|
41.0004 USD |
|
1 year ago
Jan 23, 2023
|
Sell 2.4 M USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 60000
|
40 USD |
|
1 year ago
Jan 06, 2023
|
Sell 360 K USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 10000
|
36 USD |
|
1 year ago
Jan 09, 2023
|
Sell 380 K USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 10000
|
38 USD |
|
1 year ago
Dec 06, 2022
|
Sell 224 K USD
|
JAMMET MARY CHRIS
Director |
- 6006
|
37.2149 USD |
|
1 year ago
Dec 05, 2022
|
Sell 109 K USD
|
Mckinney-James Rose
Director |
- 2870
|
38.04 USD |
|
2 years ago
Nov 15, 2022
|
Sell 760 K USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 20000
|
38 USD |
|
2 years ago
Nov 14, 2022
|
Sell 215 K USD
|
Mckinney-James Rose
Director |
- 5741
|
37.5 USD |
|
2 years ago
Oct 31, 2022
|
Sell 362 K USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 10000
|
36.21 USD |
|
2 years ago
Aug 25, 2022
|
Bought 499 K USD
|
Swartz Janet
director: |
+ 14230
|
35.0516 USD |
|
2 years ago
Aug 23, 2022
|
Bought 1.76 M USD
|
IAC Inc.
director: |
+ 51100
|
34.41 USD |
|
2 years ago
Aug 19, 2022
|
Bought 5 M USD
|
IAC Inc.
director: |
+ 148000
|
33.78 USD |
|
2 years ago
Aug 19, 2022
|
Bought 5 M USD
|
IAC Inc.
10 percent owner |
+ 143700
|
34.79 USD |
|
2 years ago
Aug 18, 2022
|
Bought 5 M USD
|
IAC Inc.
10 percent owner |
+ 141700
|
35.28 USD |
|
2 years ago
Aug 17, 2022
|
Bought 5 M USD
|
IAC Inc.
director: |
+ 141700
|
35.27 USD |
|
2 years ago
Aug 15, 2022
|
Bought 5 M USD
|
IAC Inc.
director: |
+ 139000
|
35.96 USD |
|
2 years ago
Aug 15, 2022
|
Bought 5 M USD
|
IAC Inc.
10 percent owner |
+ 140800
|
35.5 USD |
|
2 years ago
Aug 11, 2022
|
Bought 5 M USD
|
IAC Inc.
director: |
+ 141300
|
35.36 USD |
|
2 years ago
Aug 11, 2022
|
Bought 5 M USD
|
IAC Inc.
10 percent owner |
+ 142400
|
35.1 USD |
|
2 years ago
Aug 10, 2022
|
Sell 155 K USD
|
TAYLOR DANIEL J
director: |
- 4499
|
34.4101 USD |
|
2 years ago
Aug 04, 2022
|
Sell 360 K USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 10000
|
36 USD |
|
2 years ago
Jun 13, 2022
|
Bought 998 K USD
|
SALEM PAUL J
director: |
+ 34500
|
28.9187 USD |
|
2 years ago
May 25, 2022
|
Bought 109 K USD
|
SALEM PAUL J
director: |
+ 3500
|
31.2486 USD |
|
2 years ago
Apr 20, 2022
|
Sell 430 K USD
|
HORNBUCKLE WILLIAM
CEO AND PRESIDENT |
- 10000
|
43 USD |
|
2 years ago
Apr 01, 2022
|
Sell 1.69 M USD
|
HORNBUCKLE WILLIAM
CEO AND PRESIDENT |
- 40000
|
42.1649 USD |
|
2 years ago
Apr 20, 2022
|
Sell 4.4 K USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 100
|
44 USD |
|
2 years ago
Apr 20, 2022
|
Sell 35.1 K USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 796
|
44.1381 USD |
|
2 years ago
Apr 01, 2022
|
Sell 543 K USD
|
SANDERS COREY IAN
CHIEF OPERATING OFFICER |
- 12966
|
41.8518 USD |
7. News
Why MGM Is A Buy: The Complete Guide
MGM Resorts International offers a compelling investment opportunity with strong momentum in 2025, driven by Las Vegas tourism, digital gaming, and new geographic developments. The company operates four segments: Las Vegas, Regionals, and China, and Digital. Key growth drivers include new resort developments in Japan, Thailand, UAE, and digital expansion internationally, enhancing MGM's revenue and free cash flow.
seekingalpha.com
- 6 days ago
MGM vs. Las Vegas Sands: Which Casino Stock Is the Better Bet?
Casino and gaming stocks have been in recovery mode since the reopening after being hard hit by the COVID-19 pandemic. It's hard to believe, but the world's largest gaming destination, Macau, was only completely reopened in February of 2023 as China finally relaxed its zero-COVID restrictions after three years.
marketbeat.com
- 1 week ago
MGM Resorts Teams with USO and American Airlines for 14th Annual Salute to the Troops at Mandalay Bay
More than 100 wounded warriors and their guests to visit Las Vegas over Veterans Day weekend LAS VEGAS , Nov. 4, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will host the United Service Organizations (USO) Experience: Salute to the Troops, honoring more than 100 active-duty service members who have been injured in the line of duty beginning Friday, November 8. Now in its 14th year, the five-day celebration will take place at Mandalay Bay Resort & Casino.
prnewswire.com
- 1 week ago
MGM RESORTS INTERNATIONAL SHIFTS INTO HIGH GEAR FOR 2024 LAS VEGAS GRAND PRIX NOVEMBER 21-23
New Experiences Revealed for Once-in-a-Lifetime Race Weekend Across Iconic Center-Strip Resorts Click here for the full lineup, more information and to book reservations ; Follow @MGMResortsIntl for updates LAS VEGAS , Nov. 1, 2024 /PRNewswire/ -- Push! Push! MGM Resorts International is going full throttle for the second lap of the Las Vegas Grand Prix featuring a robust roster of activations and events across The Strip designed to entertain fans leading up to and during race weekend.
prnewswire.com
- 2 weeks ago
Down 12%, This Stock Is a Screaming Buy Today
The fundamentals are good for this entertainment company, but the market's reaction to earnings gets the potential wrong.
fool.com
- 2 weeks ago
MGM Resorts' Q3 Earnings Miss Estimates, Revenues Increase Y/Y
MGM's third-quarter top line reflects strong contributions from MGM China, Las Vegas Strip Resorts and Regional operations.
zacks.com
- 2 weeks ago
MGM Resorts International (MGM) Q3 2024 Earnings Call Transcript
MGM Resorts International (NYSE:MGM ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Andrew Chapman - Director of Investor Relations Jonathan Halkyard - Chief Financial Officer William Hornbuckle - Chief Executive Officer and President Gary Fritz - President, MGM Resorts International Interactive Corey Sanders - Chief Operating Officer Hubert Wang - COO and President, MGM China Holdings Kenneth Feng - Executive Director and President of MGM China Holdings Conference Call Participants Joseph Greff - JPMorgan Shaun Kelley - Bank of America Carlo Santarelli - Deutsche Bank David Katz - Jefferies Stephen Grambling - Morgan Stanley Daniel Politzer - Wells Fargo Brandt Montour - Barclays John Decree - CBRE Barry Jonas - Truist Securities Steven Wieczynski - Stifel Chad Beynon - Macquarie Operator Good afternoon, and welcome to the MGM Resorts International Third Quarter 2024 Earnings Conference Call. Joining the call from the company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Kenneth Feng, Executive Director and President of MGM China Holdings; Hubert Wang, COO and President of MGM China Holdings, and Andrew Chapman, Director of Investor Relations.
seekingalpha.com
- 2 weeks ago
MGM (MGM) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 2 weeks ago
MGM Resorts (MGM) Q3 Earnings and Revenues Lag Estimates
MGM Resorts (MGM) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.64 per share a year ago.
zacks.com
- 2 weeks ago
MGM China Reports 2024 Nine-Month Results
Visitation Revenue Adjusted EBITDA Posted Year-on-Year Growth A ll Surpassed 2019 Levels HONG KONG , Oct. 30, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company"; SEHK Stock Code: 2282) today announced the selected unaudited financial data of the Company and its subsidiaries (the "Group") for the three and nine months ended September 30, 2024 (the "Period"). The Group is pleased to see the momentum in Macau continued this year following a solid recovery in 2023.
prnewswire.com
- 2 weeks ago
MGM RESORTS INTERNATIONAL REPORTS THIRD QUARTER 2024 FINANCIAL AND OPERATING RESULTS
Record 3Q consolidated net revenues Record results at MGM China with record 3Q net revenue and record 3Q Adjusted Property EBITDAR MGM China declared a special dividend in August 2024, resulting in approximately $200 million in cash to MGM Resorts in total this year Repurchased over $300 million of shares in 3Q and approximately $1.3 billion year-to-date, reducing overall shares outstanding by 40% since 2021 Accelerating growth at BetMGM with record 3Q net revenues increasing nearly 20% year-over-year, more than doubling the revenue growth achieved in 2Q Advanced international digital strategy by announcing a venture with Grupo Globo to pursue a sports betting and iGaming license in Brazil, aiming to launch the BetMGM brand LAS VEGAS , Oct. 30, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial results for the quarter ended September 30, 2024. "We are pleased to report record consolidated net revenues for the third quarter, driven by record results from MGM China.
prnewswire.com
- 2 weeks ago
Unveiling MGM (MGM) Q3 Outlook: Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for MGM (MGM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
zacks.com
- 2 weeks ago
8. Profile Summary
MGM Resorts International MGM
COUNTRY
US
INDUSTRY
Gambling, Resorts & Casinos
MARKET CAP
$ 11.1 B
Dividend Yield
0.00%
Description
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
Contact
3600 Las Vegas Boulevard South, Las Vegas, NV, 89109
https://www.mgmresorts.com
IPO Date
May 2, 1988
Employees
58000
Officers
Andrew Chapman
Director of Investor Relations
Ms. Jennifer D. Michaels
Senior Vice President of Public Relations
Mr. Todd R. Meinert
Senior Vice President & Chief Accounting Officer
Mr. Corey Ian Sanders
Chief Operating Officer
Mr. Jeff Mochal
Senior Vice President of Corporate Communications
Ms. Jyoti Chopra
Senior Vice President and Chief People, Inclusion & Sustainability Officer
Mr. Jonathan S. Halkyard
Chief Financial Officer & Treasurer
Mr. William Joseph Hornbuckle IV
President, Chief Executive Officer & Director
Mr. Gary M. Fritz
President of MGM Resorts International Interactive
Mr. John M. McManus Esq.
Chief Legal & Administrative Officer and Secretary