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Melco Resorts & Entertainment LimitedNasdaqGS:MLCO 주식 보고서

시가총액 US$2.1b
주가
US$5.38
US$10.92
50.7% 저평가 내재 할인율
1Y-16.2%
7D-1.1%
1D
포트폴리오 가치
​
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Melco Resorts & Entertainment Limited

NasdaqGS:MLCO 주식 리포트

시가총액: US$2.1b

Melco Resorts & Entertainment (MLCO) 주식 개요

멜코 리조트 & 엔터테인먼트는 마카오, 필리핀, 키프로스 및 전 세계에서 카지노 게임 및 리조트 시설을 개발, 소유 및 운영하는 회사입니다. 자세히 보기

MLCO 펀더멘털 분석
스노우플레이크 점수
가치 평가5/6
미래 성장3/6
과거 실적4/6
재무 건전성0/6
배당0/6

강점

공정 가치 추정치보다 낮은 66.7% 에서 거래

수익은 매년 17.82% 증가할 것으로 예상됩니다.

지난 1년간 수익이 276.6% 증가했습니다.

동종업계 및 업계 대비 좋은 가치로 거래

위험 분석

이자 지급액이 수익으로 잘 충당되지 않음

마이너스 주주 지분

재무 결과에 영향을 미치는 대규모 일회성 항목


MLCO Community Fair Values

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Melco Resorts & Entertainment Limited 경쟁사

가격 이력 및 성과

Melco Resorts & Entertainment 주가의 최고가, 최저가 및 변동 요약
과거 주가
현재 주가US$5.38
52주 최고가US$10.15
52주 최저가US$5.19
베타0.59
1개월 변동-4.44%
3개월 변동-8.81%
1년 변동-16.20%
3년 변동-50.05%
5년 변동-68.90%
IPO 이후 변동-75.03%

최근 뉴스 및 업데이트

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
분석 기사 • 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
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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
분석 기사 • 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...
분석 기사 • 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
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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
분석 기사 • 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...
분석 기사 • 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
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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...

주주 수익률

MLCOUS HospitalityUS 시장
7D-1.1%-0.4%1.2%
1Y-16.2%-4.4%28.7%

수익률 대 산업: MLCO은 지난 1년 동안 -4.4%의 수익을 기록한 US Hospitality 산업보다 저조한 성과를 냈습니다.

수익률 대 시장: MLCO은 지난 1년 동안 28.7%를 기록한 US 시장보다 저조한 성과를 냈습니다.

주가 변동성

Is MLCO's price volatile compared to industry and market?
MLCO volatility
MLCO Average Weekly Movement4.8%
Hospitality Industry Average Movement7.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

안정적인 주가: MLCO는 지난 3개월 동안 US 시장에 비해 주가 변동성이 크지 않았습니다.

시간에 따른 변동성: MLCO의 주간 변동성(5%)은 지난 1년 동안 안정적이었습니다.

회사 소개

설립직원 수CEO웹사이트
200322,961Lawrence Howww.melco-resorts.com

멜코 리조트 & 엔터테인먼트는 마카오, 필리핀, 키프로스 및 국제적으로 카지노 게임 및 리조트 시설을 개발, 소유 및 운영하고 있습니다. 시티 오브 드림, 스튜디오 시티, 알티라 마카오, 모카, 시티 오브 드림 마닐라, 시티 오브 드림 지중해 및 기타, 기타 운영, 기업 및 기타 부문을 통해 운영되고 있습니다. 이 회사는 마카오 코타이에 게임 테이블과 게임기, 스위트룸과 빌라, 식음료 매장, 소매점, 습식 무대 공연장, 헬스 및 피트니스 클럽, 수영장, 스파 및 살롱, 연회 및 회의 시설을 포함한 휴양 및 레저 시설을 갖춘 복합 리조트인 시티 오브 드림스를 소유 및 운영하고 있습니다.

Melco Resorts & Entertainment Limited 기초 지표 요약

Melco Resorts & Entertainment의 순이익과 매출은 시가총액과 어떻게 비교됩니까?
MLCO 기초 통계
시가총액US$2.09b
순이익 (TTM)US$229.35m
매출 (TTM)US$5.30b
9.1x
주가수익비율(P/E)
0.4x
주가매출비율(P/S)

MLCO는 고평가되어 있습니까?

공정 가치 및 평가 분석 보기

순이익 및 매출

최근 실적 보고서(TTM)의 주요 수익성 지표
MLCO 손익계산서 (TTM)
매출US$5.30b
매출원가US$3.29b
총이익US$2.01b
기타 비용US$1.78b
순이익US$229.35m

최근 보고된 실적

Mar 31, 2026

다음 실적 발표일

해당 없음

주당순이익(EPS)0.59
총이익률37.98%
순이익률4.33%
부채/자본 비율-746.0%

MLCO의 장기 실적은 어땠습니까?

과거 실적 및 비교 보기

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/26 07:50
종가2026/05/22 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.

분석 모델 및 스노우플레이크

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산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.

분석가 소스

Melco Resorts & Entertainment Limited는 35명의 분석가가 다루고 있습니다. 이 중 12명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Phoebe TseBarclays
Vitaly UmanskyBernstein
Karl ChoiBofA Global Research