US stock · Consumer Cyclical sector · Resorts & Casinos

MGM Resorts International

MGM

NYSE

41.81

USD

+0.08

(+0.19%)

Pre Market

12.01P/E

35Forward P/E

0.57P/E to S&P500

15.591BMarket CAP

0.02%Div Yield

Summary Financials Transcripts Monitoring Classic View

Upcoming Earnings

1 May-5 May

Shares Short

3/15/23

8.03M

Short % of Float

2.68%

Short % of Shares Outs.

2.15%

% Held by Insiders

17.96%

% Held by Institutions

67.60%

Beta

2.06

PEG Ratio

0.89

52w. high/low

46.24/26.41

Avg. Daily Volume

4.28M

Return %

Stock

S&P 500

1 year

(3.93)

(13.92)

3 years

233.68

54.65

5 years

20.46

50.75

Scale: |

High

Low

84.92

8.00

16.89

1.81

16.66

8.92

16.94

7.40

14.94

8.83

23.65

11.72

28.75

17.25

24.41

16.84

30.62

16.18

34.65

25.15

38.41

21.61

33.87

23.68

34.63

5.90

51.17

27.81

49.00

26.41

46.23

33.23

Currency: USD

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

Revenue per share

26.80

25.76

15.79

13.36

16.06

18.73

20.03

20.54

16.93

16.64

18.83

21.61

24.61

10.45

20.09

32.08

Earnings per share

5.52

(3.06)

(3.41)

(3.19)

6.37

(3.61)

(0.32)

(0.31)

(0.82)

1.94

3.43

0.86

3.91

(2.09)

2.60

3.60

FCF per share

(6.70)

(0.10)

1.19

0.66

0.77

1.00

1.53

0.35

(0.85)

(1.28)

0.60

0.43

2.04

(3.57)

1.83

2.42

Dividends per share

- -

0.44

0.48

0.52

0.16

0.01

CAPEX per share

10.16

2.79

0.36

0.46

0.62

0.86

1.15

1.95

2.70

3.98

3.26

2.73

1.41

0.55

1.02

1.87

Book Value per sh.

21.12

14.20

10.23

6.66

12.46

8.93

8.64

8.33

9.43

10.95

13.30

11.97

14.74

13.16

12.60

11.81

Comm.Shares outs.

287

280

379

450

489

490

491

543

568

572

544

524

494

482

409

Avg. annual P/E ratio

14.2

(13.2)

(2.5)

(3.7)

2.0

(3.2)

(50.1)

(79.5)

(25.0)

12.1

9.0

35.5

7.2

(10.4)

15.4

10.2

P/E to S&P500

0.8

(0.6)

(0.0)

(0.2)

0.1

(0.2)

(2.9)

(4.4)

(1.2)

0.5

0.4

1.4

0.3

(0.3)

0.5

Avg. annual div. yield

- -

1.4%

1.6%

1.8%

0.7%

0.0%

Revenue (m)

7,692

7,209

5,979

6,019

7,849

9,161

9,810

10,082

9,190

9,455

10,774

11,763

12,900

5,162

9,680

13,127

Operating margin

37.2%

(1.8)%

(16.1)%

(18.0)%

(38.6)%

0.9%

11.3%

13.1%

(1.7)%

22.0%

15.9%

12.5%

30.5%

(12.4)%

23.5%

(13.1)%

Depreciation (m)

705

789

689

633

817

928

849

816

820

850

993

1,178

1,305

1,211

1,151

3,482

Net profit (m)

1,584

(855)

(1,292)

(1,437)

3,115

(1,768)

(157)

(150)

(448)

1,101

1,960

467

2,049

(1,033)

1,254

1,473

Income tax rate

35.1%

(27.8)%

35.8%

35.1%

(14.2)%

6.8%

35.6%

69.0%

0.6%

1.8%

(117.5)%

7.9%

22.2%

12.7%

17.3%

77.1%

Net profit margin

20.6%

(11.9)%

(21.6)%

(23.9)%

39.7%

(19.3)%

(1.6)%

(1.5)%

(4.9)%

11.6%

18.2%

4.0%

15.9%

(20.0)%

13.0%

11.2%

Working capital (m)

(549)

(1,470)

670

209

1,068

581

504

(381)

171

(64)

(718)

(422)

816

4,094

2,974

3,639

Long-term debt (m)

11,175

12,417

13,233

12,247

13,637

13,589

13,447

12,914

12,368

12,979

12,751

15,088

15,447

20,767

23,573

32,582

Equity (m)

6,061

3,974

3,870

2,999

6,087

4,366

4,231

4,091

5,120

6,220

7,613

6,512

7,727

6,505

6,071

4,832

ROIC

7.2%

(4.2)%

(3.9)%

(4.0)%

19.5%

(3.5)%

2.3%

1.5%

1.7%

8.1%

14.8%

5.1%

10.7%

(1.6)%

5.9%

1.6%

Return on capital

10.3%

(2.9)%

(5.5)%

(5.8)%

15.8%

(3.4)%

3.3%

4.1%

1.5%

7.5%

6.0%

4.9%

12.2%

(1.7)%

6.4%

6.1%

Return on equity

26.1%

(21.5)%

(33.4)%

(47.9)%

51.2%

(40.5)%

(3.7)%

(8.7)%

17.7%

25.8%

7.2%

26.5%

(15.9)%

20.7%

30.5%

Plowback ratio

100.0%

88.0%

55.4%

87.7%

105.9%

99.6%

98.0%

Div.&Repurch./FCF

24.1%

- -

152.0%

51.1%

655.0%

4.9%

- -

109.4%

280.3%

Capital Structure

24 Feb · 2023 | Q4

All numbers in millions

Total liabilities

$ 40,324

Total assets

$ 45,692

Long-term debt

$ 32,582

Cash and equiv.

$ 5,912

Goodwill

$ 5,029

Retained earnings

$ 4,794

Common stock

384

Enterprise Value

$ 42,261

Working Capital

Currency: USD, in millions

2020

2021

2022

Cash & Investments

5,102

4,703

5,912

Receivables

560

858

925

Inventory

126

Other

201

360

2,002

Current assets

5,951

6,416

8,155

Acc. Payable

143

263

370

Debt due

112

1,119

1,286

Other

1,602

2,060

2,860

Current liabilities

1,857

3,442

4,516

Annual growth rates

(avg. rate of change)

1 year

5 years

10 years

Revenue

35.61%

18.20%

10.31%

Cash flow

12.31%

(11.95)%

(67.88)%

Earnings

17.44%

(3.85)%

(18.36)%

Dividends

(15.47)%

(44.15)%

- -

Book value

(20.41)%

(6.06)%

3.00%

Insider Trading

Type

Date

Winston Ben

Award

986

03/01/23

Mckinney-James Rose

Sale

2,870

03/01/23

Sanders Corey Ian

Exempt

4,110

02/27/23

Sanders Corey Ian

InKind

1,521

02/27/23

Sanders Corey Ian

Exempt

4,110

02/27/23

Quarterly Revenue

Currency: USD, in millions

Year

Total

2020

2,253

290

1,126

1,494

5,162

2021

1,648

2,268

2,708

3,057

9,680

2022

2,854

3,265

3,416

3,592

13,127

Earnings per share

Currency: USD

Year

Total

2020

1.63

(1.73)

(1.08)

(0.91)

(2.09)

2021

(0.69)

0.22

2.80

0.27

2.60

2022

(0.04)

4.36

(1.41)

0.69

3.60

Quarterly dividends paid

Currency: USD

Year

Total

2020

0.15

- -

0.16

2021

- -

0.01

2022

- -

0.01

Company Description

Sector:

Consumer Cyclical

Industry:

Resorts & Casinos

CEO:

Mr. William Joseph Hornbuckle IV

Full-time employees:

52,000

City:

Las Vegas

Address:

3600 Las Vegas Boulevard South

IPO:

Dec 13, 1989

CIK:

0000789570

Website:

mgmresorts.com

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.

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MGM Resorts International

41.81