MGM CHINA HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 21.16 USD | -0.47% |
|
-.--% | +39.67% |
| 05-13 | Macau Casino Operators' Shares Rise After China Expands Travel Visa Scheme | DJ |
| 05-03 | Hong Kong Shares Climb on Bets on Tech, Hospitality Firms to End Week in Black | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 48,336 | 50,616 | 17,974 | 32,680 | 37,658 | 54,854 | - | - |
| Enterprise Value (EV) 1 | 61,907 | 69,352 | 38,791 | 58,699 | 37,658 | 71,806 | 68,444 | 64,620 |
| P/E ratio | 25 x | -9.73 x | -4.67 x | -6.25 x | 14.3 x | 12.1 x | 11 x | 10.2 x |
| Yield | 1.39% | - | - | - | - | 3.33% | 3.98% | 4.96% |
| Capitalization / Revenue | 2.12 x | 9.93 x | 1.91 x | 6.2 x | 1.53 x | 1.77 x | 1.72 x | 1.59 x |
| EV / Revenue | 2.72 x | 13.6 x | 4.12 x | 11.1 x | 1.53 x | 2.32 x | 2.14 x | 1.87 x |
| EV / EBITDA | 10 x | -50.6 x | 207 x | -45.2 x | 5.2 x | 8.68 x | 8.04 x | 7.23 x |
| EV / FCF | 19.3 x | -18.2 x | -39.7 x | -24.9 x | - | 10.8 x | 11.7 x | 11.9 x |
| FCF Yield | 5.19% | -5.49% | -2.52% | -4.02% | - | 9.26% | 8.52% | 8.39% |
| Price to Book | 4.62 x | 10.1 x | 15 x | -8.18 x | - | 23.9 x | 9.75 x | 5.94 x |
| Nbr of stocks (in thousands) | 3,800,000 | 3,800,000 | 3,800,000 | 3,800,000 | 3,800,000 | 3,804,025 | - | - |
| Reference price 2 | 12.72 | 13.32 | 4.730 | 8.600 | 9.910 | 14.42 | 14.42 | 14.42 |
| Announcement Date | 20-03-26 | 21-02-10 | 22-03-10 | 23-03-29 | 24-03-21 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 22,765 | 5,096 | 9,411 | 5,269 | 24,684 | 30,926 | 31,935 | 34,512 |
| EBITDA 1 | 6,183 | -1,372 | 187.2 | -1,300 | 7,235 | 8,270 | 8,511 | 8,933 |
| EBIT 1 | 2,963 | -4,134 | -2,349 | -3,610 | 4,547 | 6,330 | 6,500 | 7,579 |
| Operating Margin | 13.02% | -81.13% | -24.96% | -68.51% | 18.42% | 20.47% | 20.36% | 21.96% |
| Earnings before Tax (EBT) 1 | 1,942 | -5,191 | -3,828 | -5,216 | 2,685 | 4,505 | 4,969 | 5,385 |
| Net income 1 | 1,931 | -5,202 | -3,847 | -5,232 | 2,638 | 4,509 | 4,944 | 5,765 |
| Net margin | 8.48% | -102.07% | -40.87% | -99.3% | 10.69% | 14.58% | 15.48% | 16.7% |
| EPS 2 | 0.5080 | -1.369 | -1.012 | -1.377 | 0.6920 | 1.192 | 1.306 | 1.412 |
| Free Cash Flow 1 | 3,212 | -3,809 | -977.3 | -2,360 | - | 6,646 | 5,829 | 5,424 |
| FCF margin | 14.11% | -74.74% | -10.38% | -44.79% | - | 21.49% | 18.25% | 15.72% |
| FCF Conversion (EBITDA) | 51.94% | - | - | - | - | 80.37% | 68.48% | 60.71% |
| FCF Conversion (Net income) | 166.3% | - | - | - | - | 147.41% | 117.9% | 94.08% |
| Dividend per Share 2 | 0.1770 | - | - | - | - | 0.4808 | 0.5739 | 0.7150 |
| Announcement Date | 20-03-26 | 21-02-10 | 22-03-10 | 23-03-29 | 24-03-21 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 2,248 | 2,452 | - | 1,100 | 687 | 1,366 | 6,400 | 8,300 | 8,184 | 8,179 | 8,022 |
| EBITDA | - | 100.5 | -113.7 | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | -644.7 | - | -758.5 | -758.5 | - | - | - | 1,803 | 1,550 | 1,503 | 1,367 |
| Operating Margin | - | -28.68% | - | - | -68.96% | - | - | - | 26.2% | 18.93% | 18.38% | 17.04% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | - | -0.2800 | -0.2800 | -0.3200 | -0.3200 | - | - | - | 0.3700 | 0.3000 | 0.2900 | 0.2500 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21-08-04 | 21-11-03 | 22-03-10 | 22-09-08 | 22-08-03 | 22-11-02 | 23-03-29 | 23-11-08 | - | - | - | - |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 13,571 | 18,736 | 20,817 | 26,019 | - | 16,952 | 13,590 | 9,766 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.195 x | -13.66 x | 111.2 x | -20.01 x | - | 2.05 x | 1.597 x | 1.093 x |
| Free Cash Flow 1 | 3,212 | -3,809 | -977 | -2,360 | - | 6,646 | 5,829 | 5,424 |
| ROE (net income / shareholders' equity) | 19.9% | -67.2% | -124% | - | - | 1,641% | 179% | 80.7% |
| ROA (Net income/ Total Assets) | 5.71% | -16.7% | -13.2% | -17.5% | - | 14.6% | 16.2% | 13.3% |
| Assets 1 | 33,819 | 31,088 | 29,054 | 29,825 | - | 30,802 | 30,514 | 43,293 |
| Book Value Per Share 2 | 2.750 | 1.320 | 0.3200 | -1.050 | - | 0.6000 | 1.480 | 2.430 |
| Cash Flow per Share 2 | 1.140 | -0.7800 | -0.1200 | -0.5600 | - | 2.190 | 2.270 | 1.840 |
| Capex 1 | 1,122 | 839 | 528 | 246 | - | 1,609 | 1,828 | 1,710 |
| Capex / Sales | 4.93% | 16.46% | 5.61% | 4.67% | - | 5.2% | 5.73% | 4.96% |
| Announcement Date | 20-03-26 | 21-02-10 | 22-03-10 | 23-03-29 | 24-03-21 | - | - | - |
1HKD in Million2HKD
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
Sell
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
14.42
HKD
Average target price
17.02
HKD
Spread / Average Target
+18.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.38% | 33.66B | |
| -6.01% | 22.11B | |
| -12.57% | 20.96B | |
| -17.29% | 19.29B | |
| +10.90% | 18.88B | |
| +0.77% | 16.99B | |
| -1.42% | 9.52B | |
| -24.02% | 7.7B | |
| +1.24% | 7.2B |
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