MGM Resorts International

Chart & Performance

D1W1MN

P/E

9.10

P/S

0.64

EPS

3.84

Div Yield, %

0.00%

Shrs. gr., 5y

-8.18%

Rev. gr., 5y

6.56%

Revenues

16.16b

+23.13%

Net income

1.14b

+452.50%

CFO

2.69b

+53.19%

Dividend

Dec 08, 20220.002 USD/sh

Earnings

Feb 11, 2025

Profile

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The company is headquartered in Las Vegas, Nevada and currently employs 55,000 full-time employees. The Company, through its subsidiaries, owns and operates casino resorts. The firm operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities. Its casino operations feature a range of slots, table games, and race and sports book wagering. Its MGM China’s operations consist of the MGM Macau resort and casino, and the development of an integrated casino, hotel and entertainment resort on the Cotai Strip in Macau. Under its resort operation, the Company's casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. The company owns Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi, among others.

URL

https://www.mgmresorts.com/

IPO date

Dec 13, 1989

Employees

57,000

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	16,164,249 23.13%	13,127,485 35.61%	9,680,140 87.52%
Cost of revenue	13,767,033	11,114,600	7,658,848
Unusual Expense (Income)
NOPBT	2,397,216	2,012,885	2,021,292
NOPBT Margin	14.83%	15.33%	20.88%
Operating Taxes	157,839	697,068	253,415
Tax Rate	6.58%	34.63%	12.54%
NOPAT	2,239,377	1,315,817	1,767,877
Net income	1,142,180 452.50%	206,731 -83.52%	1,254,370 -195.03%
Dividends		(4,048)	(4,789)
Dividend yield		0.03%	0.02%
Proceeds from repurchase of equity	(2,291,917)	(2,775,217)	(960,658)
BB yield	14.30%	20.04%	4.39%
Debt
Debt current	84,154	1,286,473	1,000,000
Long-term debt	56,768,283	57,731,415	35,375,725
Deferred revenue
Other long-term liabilities	3,318,314	256,282	319,914
Net debt	53,683,801	52,932,956	30,705,622
Cash flow
Cash from operating activities	2,690,777	1,756,462	1,373,423
CAPEX	(931,813)	(765,067)	(490,697)
Cash from investing activities	(714,175)	2,118,181	1,543,645
Cash from financing activities	(5,004,631)	(3,024,302)	(2,814,095)
FCF	2,517,225	(2,510,742)	(1,241,636)
Balance
Cash	2,927,833	5,911,893	4,703,059
Long term investments	240,803	173,039	967,044
Excess cash	2,360,424	5,428,558	5,186,096
Stockholders' equity	4,367,501	5,368,473	9,374,178
Invested Capital	36,966,210	33,913,115	30,635,419
ROIC	6.32%	4.08%	6.22%
ROCE	6.10%	4.76%	5.28%
EV
Common stock shares outstanding	358,627	412,993	487,356
Price	44.68 33.25%	33.53 -25.29%	44.88 42.43%
Market cap	16,023,454 15.71%	13,847,655 -36.69%	21,872,537 40.47%
EV	70,263,586	67,317,555	57,631,827
EBITDA	3,211,344	5,494,935	3,171,902
EV/EBITDA	21.88	12.25	18.17
Interest	460,293	594,954	799,593
Interest/NOPBT	19.20%	29.56%	39.56%