YOLFTbeta
Melco Resorts & Entertainment Ltd

Melco Resorts & Entertainment Ltd

MLCO · NASDAQ · Consumer Cyclical / Resorts & Casinos

4.28USD+0.10 (+2.39%)

Price History

Full chart

Market Stats

Previous Close4.18
Open4.21
Day Range4.19 – 4.34
52-Week Range4.54 – 9.53
Volume2.14M
Market Cap1.80B
P/E (TTM)8.02
Forward P/E5.97
EPS0.59
Dividend Yield0.00%
Beta0.58
50-Day Avg5.29
200-Day Avg5.85

About

Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Macau, the Philippines, Cyprus, and internationally. It operates through City of Dreams, Studio City, Altira Macau, Mocha, City of Dreams Manila, City of Dreams Mediterranean and Other, Other Operations, and Corporate and Other segments. The company owns and operates City of Dreams, an integrated resort that has gaming tables and gaming machines; suites and villas; food and beverage outlets; retail outlets; a wet stage performance theater; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spas and salons, and banquet and meeting facilities in Cotai, Macau. It also operates Studio City, a cinematically themed integrated resort with gaming facilities, hotel, entertainment, retail, and food and beverage outlets in Cotai, Macau; and Altira Macau, an integrated resort, which offers gaming tables and gaming machines, hotel rooms, dining and casual restaurants, and recreation and leisure facilities in Taipa, Macau. In addition, the company owns and operates Mocha Clubs, which are clubs with gaming machines in Macau; City of Dreams Manila, an integrated resort in the Entertainment City complex in Manila; City of Dreams Mediterranean, an integrated resort in Limassol, Cyprus; and three satellite casinos in Nicosia, Ayia Napa, and Paphos in Cyprus. Further, it is involved in the operation of the Sri Lanka Casino and management of Nüwa Sri Lanka located in City of Dreams Sri Lanka, as well as development projects in other countries. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was founded in 2003 and is based in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.

Company Details

  • SectorConsumer Cyclical
  • IndustryResorts & Casinos
  • CEOMr. Yau Lung Ho
  • Employees22.96K
  • HeadquartersThe Centrium, Central, Hong Kong, USA
  • Websitehttps://www.melco-resorts.com

Leadership

  • Mr. Yau Lung HoFounder, Chairman & CEO · b. 1977
  • Mr. Evan Andrew WinklerPresident & Director · b. 1975
  • Mr. Geoffrey Stuart Davis C.F.A.Executive VP & CFO · b. 1969
  • Mr. Graham Paul WinterExecutive VP, Company Secretary & Chief Legal Officer · b. 1965
  • Ms. Chimmy LeungExecutive Director of Corporate Communications
  • Ms. Akiko TakahashiExecutive VP and Chief of Staff to Chairman & CEO · b. 1953
  • Mr. David Ross SiskCOO of Macau Resorts · b. 1962
  • Ms. Jeanny KimSenior VP & Group Treasurer

Financials

Income Statement

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue611.00K6.07M17.33M36.10M358.61M1.42B1.33B2.64B3.83B4.10B5.09B4.80B3.97B4.52B5.28B5.16B5.74B1.73B2.01B1.35B3.78B4.64B5.16B
Growth (%)-+893.62%+185.42%+108.34%+893.36%+294.89%-5.88%+98.22%+45.00%+6.91%+24.21%-5.60%-17.23%+13.70%+16.94%-2.39%+11.21%-69.88%+16.46%-32.92%+179.65%+22.86%+11.32%
Cost of Revenue-250.00K596.00K28.67M292.04M1.16B1.16B2.02B2.81B2.94B3.56B3.34B2.80B3.11B3.55B3.32B3.64B1.54B1.52B1.06B2.59B2.98B3.27B
Gross Profit611.00K5.82M16.73M7.43M66.57M253.91M175.36M624.15M1.02B1.16B1.53B1.46B1.18B1.41B1.73B1.84B2.10B189.52M490.01M286.52M1.18B1.66B1.90B
Gross Margin100.00%95.88%96.56%20.59%18.56%17.93%13.16%23.62%26.65%28.22%30.05%30.35%29.58%31.10%32.77%35.71%36.59%10.97%24.35%21.22%31.37%35.86%36.73%
Operating Expense461.00K6.75M20.45M65.09M262.39M252.74M447.40M531.63M575.91M585.84M688.78M772.29M1.08B1.04B1.12B1.22B1.35B1.13B1.07B1.03B1.12B1.18B1.30B
Operating Income150.00K-930.00K-3.72M-57.65M-195.82M1.17M-272.05M92.51M445.11M570.00M839.82M685.36M98.42M363.12M607.61M626.84M747.68M-940.56M-577.45M-743.11M64.96M484.63M600.43M
Operating Margin24.55%-15.32%-21.48%-159.70%-54.60%0.08%-20.41%3.50%11.62%13.92%16.51%14.27%2.48%8.03%11.50%12.15%13.03%-54.43%-28.70%-55.05%1.72%10.45%11.63%
EBITDA137.00K942.00K4.78M-21.14M-80.88M122.95M-53.30M396.82M766.08M897.21M1.22B1.04B574.55M883.91M1.09B1.15B1.34B-300.03M-23.19M-217.57M815.96M1.02B1.16B
EBITDA Margin22.42%15.52%27.59%-58.56%-22.55%8.68%-4.00%15.02%20.00%21.91%24.07%21.62%14.45%19.56%20.72%22.37%23.43%-17.36%-1.15%-16.12%21.61%22.03%22.52%
Net Income137.00K-1.01M-3.26M-73.48M-178.15M-2.46M-308.46M-10.53M294.66M481.86M637.46M608.28M105.75M175.91M347.00M351.51M373.17M-1.26B-811.75M-930.53M-326.92M43.54M185.04M
Net Income Margin22.42%-16.59%-18.81%-203.54%-49.68%-0.17%-23.14%-0.40%7.69%11.77%12.53%12.67%2.66%3.89%6.57%6.81%6.50%-73.12%-40.34%-68.93%-8.66%0.94%3.58%
R&D--------1.11M11.10M26.30M10.73M110.00K95.00K31.11M23.03M57.43M25.62M30.68M1.30M1.20M5.43M7.62M
R&D as % of Total Revenue--------0.03%0.27%0.52%0.22%0.00%0.00%0.59%0.45%1.00%1.48%1.52%0.10%0.03%0.12%0.15%
Interest Expense0000770.00K031.82M92.95M113.81M122.88M152.66M171.12M164.17M279.36M261.84M269.51M312.84M348.79M361.58M383.12M496.76M486.72M472.85M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.21%0.00%2.39%3.52%2.97%3.00%3.00%3.56%4.13%6.18%4.95%5.22%5.45%20.19%17.97%28.38%13.16%10.49%9.16%

Balance Sheet

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.11M106.11M421.21M2.28B3.62B4.50B4.90B4.88B6.27B5.62B8.81B10.43B10.41B9.34B8.90B8.88B9.49B9.02B8.88B9.30B8.34B7.99B7.60B
Total Liabilities1.98M23.84M163.02M389.55M1.19B2.09B2.39B2.36B3.08B3.12B3.89B5.39B5.48B5.52B5.56B6.13B6.35B7.18B8.06B9.62B9.18B8.93B8.50B
Total Equity137.00K82.23M238.69M1.89B2.43B2.41B2.51B2.52B2.96B2.50B4.25B4.29B4.34B3.34B2.89B2.13B2.44B1.10B244.75M-850.33M-1.29B-1.33B-1.25B
Cash386.00K5.54M19.77M584.00M835.42M815.14M212.60M441.92M1.16B1.52B1.38B1.60B1.61B1.70B1.41B1.44B1.39B1.76B1.65B1.81B1.31B1.15B1.02B
Total Debt205.00K105.00K11.00K115.66M614.83M1.41B1.84B1.86B2.33B1.61B2.81B4.20B4.26B4.01B3.86B4.35B4.82B6.10B7.04B8.71B7.77B7.46B7.02B
Net Debt-181.00K-5.43M-19.76M-468.33M-220.59M597.37M1.63B1.42B1.17B91.74M1.43B2.61B2.65B2.31B2.45B2.91B3.42B4.34B5.38B6.90B6.46B6.31B6.00B

Cash Flow

Currency: USD2004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.22M4.28M-20.24M151.14M-11.16M-112.26M401.95M744.66M871.20M1.15B894.61M522.03M1.16B1.16B1.06B836.16M-860.96M-268.77M-619.43M622.69M626.66M818.12M
Investing Cash Flow-5.47M-181.26M-38.65M-972.62M-913.60M-1.14B-190.31M-585.39M-344.56M-1.21B-1.61B-469.66M280.60M-410.23M-609.70M-1.03B-53.31M-674.55M-806.11M-48.51M-300.81M-341.77M
Financing Cash Flow8.79M191.21M623.11M1.07B904.49M653.35M17.68M557.91M934.74M-264.97M926.95M-29.69M-1.34B-1.02B-340.52M97.11M1.26B821.75M1.78B-1.13B-478.35M-603.12M
Capital Expenditure4.30M77.96M35.11M673.64M1.13B970.35M232.41M109.50M282.02M656.66M1.37B1.36B508.24M514.99M667.53M449.92M463.87M679.39M622.09M263.89M301.18M341.98M
Free Cash Flow-2.09M-73.67M-55.35M-522.50M-1.14B-1.08B169.54M635.16M668.22M495.27M-471.61M-834.35M649.90M646.11M385.84M386.25M-1.32B-948.17M-1.24B358.80M325.48M476.13M
Dividends Paid---------1.00B342.72M62.85M385.57M821.33M271.53M301.00M79.12M6.66M196.00K314.00K344.00K78.00K
FCF to OCF-94.18%-1719.75%273.51%-345.71%10234.26%964.40%42.18%85.30%76.70%42.99%-52.72%-159.83%56.12%55.58%36.51%46.19%153.88%352.78%200.43%57.62%51.94%58.20%
Dividend Paid to FCF---------202.72%-72.67%-7.53%59.33%127.12%70.37%77.93%-5.97%-0.70%-0.02%0.09%0.11%0.02%

Earnings

Report DateMar 30, 2007May 15, 2007Aug 17, 2007Nov 14, 2007Feb 19, 2008May 15, 2008Aug 14, 2008Nov 13, 2008Feb 24, 2009May 20, 2009Aug 6, 2009Nov 17, 2009Feb 2, 2010Apr 28, 2010Jul 28, 2010Nov 2, 2010Feb 22, 2011May 19, 2011Aug 23, 2011Nov 10, 2011Feb 9, 2012May 9, 2012Aug 7, 2012Nov 7, 2012Feb 6, 2013May 8, 2013Aug 7, 2013Nov 5, 2013Feb 13, 2014May 8, 2014Aug 7, 2014Nov 6, 2014Feb 12, 2015May 7, 2015Aug 6, 2015Nov 5, 2015Feb 18, 2016May 4, 2016Aug 4, 2016Nov 3, 2016Feb 16, 2017May 4, 2017Jul 27, 2017Nov 2, 2017Feb 8, 2018May 3, 2018Jul 24, 2018Nov 8, 2018Feb 19, 2019May 7, 2019Jul 24, 2019Oct 30, 2019Feb 20, 2020May 14, 2020Aug 20, 2020Nov 5, 2020Feb 25, 2021Apr 28, 2021Jul 27, 2021Nov 9, 2021Mar 1, 2022May 5, 2022Aug 18, 2022Nov 2, 2022Mar 1, 2023May 10, 2023Aug 1, 2023Nov 7, 2023Feb 29, 2024Apr 30, 2024Aug 13, 2024Nov 5, 2024Feb 27, 2025May 8, 2025Jul 31, 2025Nov 7, 2025Feb 12, 2026Apr 30, 2026Aug 13, 2026Nov 5, 2026
EPS Estimate-0.010.04--0.040.090.01-0.01-0.06-0.09-0.14-0.07-0.17-0.03-0.030.010.030.080.090.220.170.140.170.170.210.240.280.310.380.410.360.300.270.190.080.100.050.090.080.070.110.200.240.230.240.270.260.220.230.230.180.240.28-0.60-0.90-0.74-0.67-0.36-0.28-0.22-0.57-0.40-0.49-0.55-0.83-0.31-0.030.020.040.030.030.01-0.000.040.040.090.070.090.060.07
EPS Actual-0.30-0.01-0.06-0.11-0.090.10-0.01-0.05-0.04-0.08-0.17-0.05-0.16-0.02-0.050.050.040.010.120.210.200.230.160.200.220.240.350.340.430.450.300.280.220.160.080.11-0.020.080.050.130.130.240.160.310.210.340.200.040.310.290.240.240.19-0.72-0.72-0.65-0.42-0.49-0.35-0.43-0.34-0.37-0.53-0.52-0.57-0.14-0.02-0.02-0.360.040.060.08-0.050.080.230.210.140.210.06-
Surprise--200.00%-250.00%--125.00%11.11%-200.00%-400.00%33.33%11.11%-21.43%28.57%5.88%33.33%-66.67%400.00%33.33%-87.50%33.33%-4.55%17.65%64.29%-5.88%17.65%4.76%0.00%25.00%9.68%13.16%9.76%-16.67%-6.67%-18.52%-15.79%0.00%10.00%-140.00%-11.11%-37.50%85.71%18.18%20.00%-33.33%34.78%-12.50%25.93%-23.08%-81.82%34.78%26.09%33.33%0.00%-32.14%-20.00%20.00%12.16%37.31%-36.11%-25.00%-95.45%40.35%7.50%-8.16%5.45%31.33%54.84%33.33%-200.00%-1000.00%33.33%100.00%700.00%-963.83%100.00%475.00%133.33%100.00%133.33%0.00%-
Timing-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap1.80B
Enterprise Value6.44B
Trailing P/E8.02
Forward P/E5.97
PEG Ratio0.35
Price / Sales0.34
Price / Book204.55
EPS0.59
Book Value-4.30
Revenue (TTM)5.22B
Gross Profit (TTM)1.99B
EBITDA1.24B
Profit Margin4.50%
Operating Margin10.21%
Return on Equity-2157.37%
Return on Assets5.76%
Shares Outstanding380.24M
Shares Float139.36M
Beta0.58
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 14 analystsTarget 7.06
  • Strong Buy
    6
  • Buy
    3
  • Hold
    4
  • Strong Sell
    1

Ownership Breakdown

Institutions
29.97%
Insiders
1.93%
Retail / Other
68.10%

Top Institutional Holders

  • ARGA Investment Management, LP
    12.41M3.26%
  • Citadel Advisors Llc
    11.61M3.05%
  • Fidelity International Ltd
    9.43M2.48%
  • Arrowstreet Capital Limited Partnership
    9.02M2.37%
  • BlackRock Inc
    8.50M2.23%
  • D. E. Shaw & Co LP
    4.50M1.18%
  • Renaissance Technologies Corp
    4.46M1.17%
  • UBS Group AG
    4.20M1.10%
  • WCM Investment Management
    3.89M1.02%
  • JPMorgan Chase & Co
    3.89M1.02%
  • Morgan Stanley - Brokerage Accounts
    2.62M0.69%
  • Coronation Fund Managers Ltd
    1.97M0.52%
  • Southeastern Asset Management Inc
    1.80M0.47%
  • Owl Creek Asset Management LP
    1.72M0.45%
  • Point72 Asset Management, L.P.
    1.71M0.45%

Top Fund Holders

  • Fidelity China Focus A-Dis-USD
    5.95M1.56%
  • OMGB Coronation Glbl Em Mkts USD
    3.03M0.80%
  • Coronation Balanced Plus A
    2.46M0.65%
  • Fidelity Asian Smaller Coms Y-Acc-USD
    2.45M0.64%
  • Coronation Equity R
    1.82M0.48%

Dividends

20201×
0.17Feb 28, 2020
20194×
0.17Nov 8, 20190.17Aug 2, 20190.15May 17, 20190.15Mar 1, 2019
20184×
0.14Nov 16, 20180.14Aug 3, 20180.14May 11, 20180.14Feb 16, 2018
20175×
0.09Nov 13, 20170.09Aug 4, 20170.09May 12, 20170.09Feb 23, 20171.32Jan 19, 2017
20164×
0.04Nov 10, 20160.02Aug 12, 20160.02May 13, 20160.64Feb 26, 2016
20154×
0.02Nov 13, 20150.01Aug 13, 20150.03May 21, 20150.05Mar 2, 2015
20142×
0.07Nov 20, 20140.08Aug 21, 2014