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Melco Resorts & Entertainment LimitedNasdaqGS:MLCO 株式レポート

時価総額 US$2.1b
株価
US$5.40
US$10.92
50.5% 割安 内在価値ディスカウント
1Y-12.2%
7D-0.9%
ポートフォリオ価値
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Melco Resorts & Entertainment Limited

NasdaqGS:MLCO 株式レポート

時価総額:US$2.1b

Melco Resorts & Entertainment(MLCO)株式概要

メルコ・リゾーツ&エンターテインメント・リミテッドは、マカオ、フィリピン、キプロス、そして国際的にカジノ・ゲーミング・リゾート施設を開発、所有、運営している。 詳細

MLCO ファンダメンタル分析
スノーフレーク・スコア
評価5/6
将来の成長3/6
過去の実績4/6
財務の健全性0/6
配当金0/6

MLCO Community Fair Values

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Melco Resorts & Entertainment Limited 競合他社

価格と性能

株価の高値、安値、推移の概要Melco Resorts & Entertainment
過去の株価
現在の株価US$5.40
52週高値US$10.15
52週安値US$5.22
ベータ0.59
1ヶ月の変化-9.24%
3ヶ月変化-8.16%
1年変化-12.20%
3年間の変化-52.00%
5年間の変化-68.91%
IPOからの変化-74.94%

最新ニュース

Seeking Alpha May 03

Melco Resorts: Q1 2026 Earnings Confirms Our Bullish Case

Summary Melco Resorts & Entertainment maintains cost discipline and premium positioning, driving resilient margins amid intense Macau competition. MLCO's 1Q26 adjusted property EBITDA margins rose to 27.4%, with 16% YoY EBITDA growth in Macau, supporting a 5% share price pop post-earnings. The upcoming 2H26 launch of the REM hotel positions MLCO as the only operator with new premium capacity, expected to catalyze earnings and market share gains. Trading at 6.5x forward EV/EBITDA, MLCO offers 48% upside to a 9.8x target multiple; Buy rating maintained, with risks from slower GGR growth and new property execution. Read the full article on Seeking Alpha
分析記事 Feb 17

Melco Resorts & Entertainment Limited Just Beat EPS By 7.6%: Here's What Analysts Think Will Happen Next

It's been a sad week for Melco Resorts & Entertainment Limited ( NASDAQ:MLCO ), who've watched their investment drop...

Recent updates

Seeking Alpha May 03

Melco Resorts: Q1 2026 Earnings Confirms Our Bullish Case

Summary Melco Resorts & Entertainment maintains cost discipline and premium positioning, driving resilient margins amid intense Macau competition. MLCO's 1Q26 adjusted property EBITDA margins rose to 27.4%, with 16% YoY EBITDA growth in Macau, supporting a 5% share price pop post-earnings. The upcoming 2H26 launch of the REM hotel positions MLCO as the only operator with new premium capacity, expected to catalyze earnings and market share gains. Trading at 6.5x forward EV/EBITDA, MLCO offers 48% upside to a 9.8x target multiple; Buy rating maintained, with risks from slower GGR growth and new property execution. Read the full article on Seeking Alpha
分析記事 Feb 17

Melco Resorts & Entertainment Limited Just Beat EPS By 7.6%: Here's What Analysts Think Will Happen Next

It's been a sad week for Melco Resorts & Entertainment Limited ( NASDAQ:MLCO ), who've watched their investment drop...
分析記事 Apr 14

Melco Resorts & Entertainment Limited's (NASDAQ:MLCO) Revenues Are Not Doing Enough For Some Investors

When you see that almost half of the companies in the Hospitality industry in the United States have price-to-sales...
分析記事 Feb 01

Investors Could Be Concerned With Melco Resorts & Entertainment's (NASDAQ:MLCO) Returns On Capital

If we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Businesses...
分析記事 Dec 27

Little Excitement Around Melco Resorts & Entertainment Limited's (NASDAQ:MLCO) Revenues

Melco Resorts & Entertainment Limited's ( NASDAQ:MLCO ) price-to-sales (or "P/S") ratio of 0.5x might make it look like...
Seeking Alpha Dec 27

Melco Resorts: Leverage And Capex Are Still Concerns, Even With A Macau Rebound

Summary Melco Resorts shows some Q3’24 improvement, but high capex costs and financial leverage hinder profitability and shareholder returns. Operating income barely covers interest expenses; substantial debt and upcoming maturities pose significant financial risks. Macau tourism recovery is slower than expected, adding to the challenges of improving profitability in a competitive market. Despite some positive strides this quarter, I remain cautious due to financial risks and recommend investors carefully consider these before investing. Read the full article on Seeking Alpha
分析記事 Dec 06

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Shares Could Be 22% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for Melco Resorts & Entertainment is US$8.36 based on 2 Stage Free Cash Flow to...
分析記事 Nov 09

Should You Investigate Melco Resorts & Entertainment Limited (NASDAQ:MLCO) At US$6.83?

Melco Resorts & Entertainment Limited ( NASDAQ:MLCO ), might not be a large cap stock, but it received a lot of...
Seeking Alpha Oct 01

Melco Resorts Has Been Left Financially Distressed

Summary Melco Resorts & Entertainment has faced significant challenges in past years from China's response to COVID, as tourism in Macau has suffered greatly. While Macau's tourism has recovered and the Chinese economy looks to gain from stimulus measures, remaining strict VIP casino guidelines continue to pressure the overall performance. Melco's relatively low margin level and high debt leverage risks to investors, and pose a major risk. Melco's real estate holdings should still provide a good safety net. The MLCO stock's valuation looks fair, but I suggest caution as the high debt highly leverages shareholders' returns. Read the full article on Seeking Alpha
分析記事 Sep 27

The Market Lifts Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Shares 40% But It Can Do More

Melco Resorts & Entertainment Limited ( NASDAQ:MLCO ) shares have had a really impressive month, gaining 40% after a...
分析記事 Sep 19

Be Wary Of Melco Resorts & Entertainment (NASDAQ:MLCO) And Its Returns On Capital

What financial metrics can indicate to us that a company is maturing or even in decline? A business that's potentially...
分析記事 Aug 03

Slammed 29% Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Screens Well Here But There Might Be A Catch

Melco Resorts & Entertainment Limited ( NASDAQ:MLCO ) shareholders that were waiting for something to happen have been...
Seeking Alpha Jul 17

Melco Resorts: Not Willing To Roll The Dice With The Debt Stack

Summary Melco Resorts & Entertainment Limited shares have declined 11% while the market has gone up 9% since initial coverage. Since the initial write-up, the company appears to be making good (but slow) progress. The macro situation is improving for travel and demand for resorts and gaming has led to Melco Resorts' improving financial position, paying down debt steadily. Recent results show growth in Macau, but I have concerns remain about high capex costs, high interest expenses, and leverage ratios. Read the full article on Seeking Alpha
分析記事 Jun 17

The Returns On Capital At Melco Resorts & Entertainment (NASDAQ:MLCO) Don't Inspire Confidence

When researching a stock for investment, what can tell us that the company is in decline? Businesses in decline often...
分析記事 May 13

Melco Resorts & Entertainment Limited's (NASDAQ:MLCO) P/S Still Appears To Be Reasonable

With a median price-to-sales (or "P/S") ratio of close to 1.2x in the Hospitality industry in the United States, you...
Seeking Alpha Mar 13

Melco Resorts: A High Valuation And Debt Overhang

Summary Melco Resorts reported another adjusted EBITDA positive quarter with an increase in both revenues and EPS. The macro situation is improving for travel and demand for resorts and gaming has led Melco Resorts' improving financial position, paying down debt. While debt reduction is a priority, the valuation is not as cheap as it appears due to high interest costs and high capex costs that should persist into the future. Read the full article on Seeking Alpha
分析記事 Mar 03

Be Wary Of Melco Resorts & Entertainment (NASDAQ:MLCO) And Its Returns On Capital

When researching a stock for investment, what can tell us that the company is in decline? A business that's potentially...
分析記事 Dec 22

The Market Lifts Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Shares 26% But It Can Do More

Melco Resorts & Entertainment Limited ( NASDAQ:MLCO ) shareholders are no doubt pleased to see that the share price has...
分析記事 Dec 14

Is There An Opportunity With Melco Resorts & Entertainment Limited's (NASDAQ:MLCO) 49% Undervaluation?

Key Insights Melco Resorts & Entertainment's estimated fair value is US$16.35 based on 2 Stage Free Cash Flow to Equity...
分析記事 Aug 13

At US$12.00, Is Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Worth Looking At Closely?

Melco Resorts & Entertainment Limited ( NASDAQ:MLCO ), is not the largest company out there, but it saw a double-digit...
分析記事 Jun 08

Estimating The Intrinsic Value Of Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Melco Resorts & Entertainment fair value estimate is US$14.66...
分析記事 Mar 05

Calculating The Fair Value Of Melco Resorts & Entertainment Limited (NASDAQ:MLCO)

Key Insights The projected fair value for Melco Resorts & Entertainment is US$12.62 based on 2 Stage Free Cash Flow to...
分析記事 Jan 11

Why Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Could Be Worth Watching

Melco Resorts & Entertainment Limited ( NASDAQ:MLCO ), might not be a large cap stock, but it received a lot of...
分析記事 Sep 27

Is Melco Resorts & Entertainment (NASDAQ:MLCO) Using Debt In A Risky Way?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha Sep 14

Melco Resorts submits tender proposal for gaming concession

Melco Resorts (Macau) a subsidiary of Melco Resorts & Entertainment (NASDAQ:MLCO) on September 14, 2022 submitted its detailed proposal in relation to the public tender for new gaming concessions launched by the Macau Government in July this year. "I would like to thank the Macau government for this opportunity. Our proposal reinforces our commitment to Macau and the further diversification of its economy. We look forward to playing a leadership role in partnering with the Macau government to execute on the government’s vision." said Mr. Lawrence Ho, Chairman and Chief Executive Officer
Seeking Alpha Sep 05

Melco: Fundamentals Remain Solid Through The Headwinds

Summary As expected, Melco sustained EBITDA losses this quarter amid the impact of COVID restrictions on the Macau operations. While the near-term guidance is uncertain, Melco’s liquidity runway provides a nice buffer against any headwinds. The discounted valuation offers compelling value, particularly with management actively working to address the ADR delisting overhang. Looking through the industry-wide gross gaming revenue ((GGR)) weakness in recent quarters, I continue to see the long-term value in Melco's (MLCO) leadership in the lucrative Macau premium mass segment. Plus, the company retains a collection of high-quality assets that ensure ample room for future upside as it capitalizes on an eventual GGR recovery in the coming years. In the meantime, MLCO has done a great job on cost-cutting and given some of these cuts are structural, expect the EBITDA margin improvement to sustain over the long run as well. At the current valuation of ~5x FY24 EV/EBITDA, the stock trades at a wide discount to historical levels, presenting compelling re-rating potential from here. The key near-term catalyst remains the US-listed depositary receipt (ADR) delisting issue - with MLCO actively exploring mitigating measures such as an auditor change and a Hong Kong listing, positive progress on addressing the delisting risk could drive a re-rate. MarketScreener COVID Restrictions Weigh on Q2 2022 Results It came as no major surprise that MLCO’s Q2 2022 results was below par, with a - $13.8m EBITDA loss (vs. +$56m EBITDA in Q1 2022) headlining the print. Adjusted for luck factor (i.e., the casino’s take per dollar of rolling chip volume), the EBITDA loss would have been wider at -$16mn (vs. a $48m EBITDA in Q1 2022), as Macau activity suffered from the impact of travel restrictions amid the Omicron outbreak across China. Of note, Macau mass table GGR stands at only 14% of the pre-COVID base (or down ~60% QoQ), while the VIP rolling chip was even lower at ~4% (or down 76% QoQ). All things considered, the hold-adjusted EBITDA loss of ~$27m (including a ~$2m hold benefit) at City of Dreams Macau was a decent result. The good news, though, is that MLCO has further reduced its daily opex to $1.7m (down from ~$1.8m in Q1 2022 and ~$1.9m in Q4 2021), highlighting its flexibility on the cost side. Melco Results in the Philippines operation was better, as City of Dreams Manila saw a continued GGR recovery at >60% of pre-COVID levels (vs. ~54% in Q1 2022), matching key peer Bloomberry’s (OTC:BLBRF) quarterly performance. Key drivers include a solid increase in VIP volume and mass GGR, as the property continues to operate at full capacity. Benefiting from the government reducing the COVID alert to its lowest level, the revenue growth is flowing through the P&L as well, with EBITDA up ~31% QoQ to $46m. Similarly, the Cyprus operations reported EBITDA expansion to ~S$6m (vs. ~$1m in Q1 2022) on a GGR recovery back to pre-pandemic levels following the loosened travel restrictions since mid-April. Melco Cautious Guidance Maintained Amid Macau Uncertainty Understandably, MLCO’s commentary was cautious on the call. Thus far, the post-COVID lockdown recovery has been slower than expected in the last two weeks (though Macau’s GGR did improve over the period). While Q3 could be difficult, there are seasonal tailwinds in Q4, including the October Golden Week, which could add some cheer on a potential demand recovery. Still, management has lowered expectations, guiding that the process will still be slow and dependent on the outcome of the upcoming National Party Congress Meeting. Given the low visibility into a future demand recovery, the company is continuing to control what it can – this means an emphasis on cost control, with daily opex set to be even lower than the ~$1.7m run rate in Q2. Post-repurchase (~10m shares and ~25m ADRs), MLCO’s balance sheet is also as strong as ever, with a total liquidity of ~ $2.8bn (comprising ~ $1.65bn of cash and ~ $1.15bn from available facilities) as of quarter-end. The solid liquidity position and burn rate bodes well for the MLCO runway, while the normalization of City of Dreams Manila and Cyprus should offer additional support. Finally, the reduction of the overall budget of the Studio City Phase 2 project over the course of a smooth construction phase significantly alleviates the capex outlook, with only ~ $250m left to be incurred this year. Melco Auditor Change to Address the ADR Delisting Overhang
分析記事 Aug 19

Analysts Just Slashed Their Melco Resorts & Entertainment Limited (NASDAQ:MLCO) EPS Numbers

One thing we could say about the analysts on Melco Resorts & Entertainment Limited ( NASDAQ:MLCO ) - they aren't...
Seeking Alpha Aug 17

Melco Resorts & Entertainment Q2 2022 Earnings Preview

Melco Resorts & Entertainment (NASDAQ:MLCO) is scheduled to announce Q2 earnings results on Thursday, August 18th, before market open. The consensus EPS Estimate is -$0.44 (-25.7% Y/Y) and the consensus Revenue Estimate is $355.76M (-37.2% Y/Y). Over the last 2 years, MLCO has beaten EPS estimates 38% of the time and has beaten revenue estimates 13% of the time.
分析記事 Jun 30

Are Investors Undervaluing Melco Resorts & Entertainment Limited (NASDAQ:MLCO) By 33%?

In this article we are going to estimate the intrinsic value of Melco Resorts & Entertainment Limited ( NASDAQ:MLCO...
Seeking Alpha Jun 23

Melco's Cyprus Foray Interests Us, But Still Too Risky

Melco is majorly exposed to Macau which is the most problematic region right now in relation to COVID-19. The Cyprus foray interests us and is a major opportunity into the somewhat untapped middle eastern market. On a valuation basis, it appears economically priced compared to peers, but the resort and convention exposure puts it in the firing line of interest rate hikes. A pass.
分析記事 Jun 03

At US$5.70, Is Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Worth Looking At Closely?

Melco Resorts & Entertainment Limited ( NASDAQ:MLCO ), is not the largest company out there, but it received a lot of...
分析記事 May 07

Need To Know: Analysts Just Made A Substantial Cut To Their Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Estimates

Today is shaping up negative for Melco Resorts & Entertainment Limited ( NASDAQ:MLCO ) shareholders, with the analysts...

株主還元

MLCOUS HospitalityUS 市場
7D-0.9%-1.9%-1.0%
1Y-12.2%-7.9%23.3%

業界別リターン: MLCO過去 1 年間で-7.9 % の収益を上げたUS Hospitality業界を下回りました。

リターン対市場: MLCOは、過去 1 年間で23.3 % のリターンを上げたUS市場を下回りました。

価格変動

Is MLCO's price volatile compared to industry and market?
MLCO volatility
MLCO Average Weekly Movement4.9%
Hospitality Industry Average Movement7.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.2%
10% least volatile stocks in US Market3.2%

安定した株価: MLCO 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。

時間の経過による変動: MLCOの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。

会社概要

設立従業員CEO(最高経営責任者ウェブサイト
200322,961Lawrence Howww.melco-resorts.com

メルコ・リゾーツ&エンターテインメント・リミテッドは、マカオ、フィリピン、キプロス、および海外でカジノゲーミング施設とリゾート施設を開発、所有、運営している。シティー・オブ・ドリームス、スタジオ・シティ、アルティラ・マカオ、モカ、シティー・オブ・ドリームス・マニラ、シティー・オブ・ドリームス・地中海その他、その他事業、コーポレート・その他セグメントを通じて事業を展開している。同社は、マカオのコタイ地区で、ゲームテーブルとゲーム機、スイートとヴィラ、飲食店、小売店、ウェットステージ・パフォーマンス・シアター、ヘルス&フィットネスクラブ、プール、スパ&サロン、宴会・会議施設などのレクリエーション・レジャー施設を有する統合型リゾート、シティ・オブ・ドリームスを所有・運営している。また、マカオのコタイでは、ゲーミング施設、ホテル、エンターテインメント施設、小売店、飲食店を備えた、映画をテーマにした統合型リゾート「スタジオ・シティ」を、マカオのタイパでは、ゲーミングテーブルとゲーミングマシン、ホテル客室、ダイニング&カジュアルレストラン、レクリエーション&レジャー施設を備えた統合型リゾート「アルティラ・マカオ」を運営している。また、マカオのモカ・クラブ、マニラのエンターテインメント・シティにある統合型リゾート、シティ・オブ・ドリームス・マニラ、キプロスのリマソールにある統合型リゾート、シティ・オブ・ドリームス・メディテラニアン、キプロスのニコシア、アヤ・ナパ、パフォスにある3つのサテライト・カジノを所有・運営している。さらに、スリランカ・カジノの運営、シティ・オブ・ドリームス・スリランカ内にあるヌワ・スリランカの経営、その他の国における開発プロジェクトにも携わっている。同社は以前はMelco Crown Entertainment Limitedとして知られていたが、2017年4月にMelco Resorts & Entertainment Limitedに社名を変更した。同社は2003年に設立され、香港のセントラルを拠点としている。メルコ・リゾーツ&エンターテインメント・リミテッドはメルコ・レジャー&エンターテインメント・グループ・リミテッドの子会社である。

Melco Resorts & Entertainment Limited 基礎のまとめ

Melco Resorts & Entertainment の収益と売上を時価総額と比較するとどうか。
MLCO 基礎統計学
時価総額US$2.11b
収益(TTM)US$229.35m
売上高(TTM)US$5.30b
9.1x
PER(株価収益率
0.4x
P/Sレシオ

収益と収入

最新の決算報告書(TTM)に基づく主な収益性統計
MLCO 損益計算書(TTM)
収益US$5.30b
売上原価US$3.29b
売上総利益US$2.01b
その他の費用US$1.78b
収益US$229.35m

直近の収益報告

Mar 31, 2026

次回決算日

該当なし

一株当たり利益(EPS)0.59
グロス・マージン37.98%
純利益率4.33%
有利子負債/自己資本比率-746.0%

MLCO の長期的なパフォーマンスは?

過去の実績と比較を見る

企業分析と財務データの現状

データ最終更新日(UTC時間)
企業分析2026/05/20 01:42
終値2026/05/20 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM(Trailing Twelve Month)またはLTM(Last Twelve Month)データとして知られています。詳細はこちら

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Melco Resorts & Entertainment Limited 12 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。35

アナリスト機関
Phoebe TseBarclays
Vitaly UmanskyBernstein
Karl ChoiBofA Global Research