MGM China Holdings Limited's (HKG:2282) Business Is Yet to Catch Up With Its Share Price
Jan 19
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Hong Kong (HSI) Casinos and Gaming Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies13
- 7D0.02%
- 3M-6.6%
- 1Y-12.7%
- YTDn/a
Over the last 7 days, the Casinos and Gaming industry has dropped 3.6%, driven by a pullback from Sands China of 2.2%. On the other hand MGM China Holdings is actually up 7.0%. The industry has fallen 17% in the last year. Looking forward, earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Hong Kong Casinos and Gaming Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | HK$183.3b | HK$117.4b | HK$7.2b | 14.6x | 25.4x | 1.6x |
| Thu, 19 Dec 2024 | HK$196.8b | HK$117.5b | HK$7.2b | 14.5x | 27.2x | 1.7x |
| Sat, 16 Nov 2024 | HK$191.1b | HK$117.4b | HK$7.4b | 13.2x | 25.8x | 1.6x |
| Mon, 14 Oct 2024 | HK$224.7b | HK$118.2b | HK$7.4b | 15.8x | 30.3x | 1.9x |
| Wed, 11 Sep 2024 | HK$169.9b | HK$118.5b | HK$7.6b | 12.8x | 22.4x | 1.4x |
| Fri, 09 Aug 2024 | HK$179.8b | HK$103.0b | HK$5.0b | 12.7x | 36x | 1.7x |
| Sun, 07 Jul 2024 | HK$207.4b | HK$102.2b | HK$5.0b | 13.6x | 41.8x | 2x |
| Tue, 04 Jun 2024 | HK$226.2b | HK$102.1b | HK$5.0b | 14.2x | 45.2x | 2.2x |
| Thu, 02 May 2024 | HK$211.7b | HK$101.8b | HK$5.0b | 14.2x | 42.7x | 2.1x |
| Sat, 30 Mar 2024 | HK$222.0b | HK$102.5b | HK$4.9b | 13.9x | 45.5x | 2.2x |
| Mon, 26 Feb 2024 | HK$237.3b | HK$64.9b | -HK$8,161,105,057.74 | 8.6x | -29.1x | 3.7x |
| Wed, 24 Jan 2024 | HK$209.4b | HK$64.7b | -HK$8,470,320,625.00 | 7.5x | -24.7x | 3.2x |
| Fri, 22 Dec 2023 | HK$230.9b | HK$64.9b | -HK$8,459,711,923.00 | 7.5x | -27.3x | 3.6x |
| Sun, 19 Nov 2023 | HK$238.0b | HK$63.7b | -HK$8,665,910,310.00 | 13.3x | -27.5x | 3.7x |
| Tue, 17 Oct 2023 | HK$249.4b | HK$63.8b | -HK$8,653,339,175.00 | 14x | -28.8x | 3.9x |
| Thu, 14 Sep 2023 | HK$279.0b | HK$63.8b | -HK$8,853,197,881.00 | 17.7x | -31.5x | 4.4x |
| Sat, 12 Aug 2023 | HK$303.8b | HK$42.5b | -HK$16,024,761,952.00 | 18.9x | -19x | 7.1x |
| Mon, 10 Jul 2023 | HK$277.9b | HK$42.5b | -HK$16,258,048,947.00 | 22.4x | -17.1x | 6.5x |
| Wed, 07 Jun 2023 | HK$282.5b | HK$42.6b | -HK$16,764,805,097.00 | 30.4x | -16.8x | 6.6x |
| Fri, 05 May 2023 | HK$314.9b | HK$42.5b | -HK$16,847,781,556.00 | 32.3x | -18.7x | 7.4x |
| Sun, 02 Apr 2023 | HK$306.6b | HK$45.3b | -HK$16,270,139,565.00 | 31.9x | -18.8x | 6.8x |
| Tue, 28 Feb 2023 | HK$307.3b | HK$47.7b | -HK$14,590,644,254.00 | 27.9x | -21.1x | 6.4x |
| Thu, 26 Jan 2023 | HK$333.8b | HK$51.4b | -HK$12,603,499,321.00 | 26.9x | -26.5x | 6.5x |
| Sat, 24 Dec 2022 | HK$305.1b | HK$51.2b | -HK$12,603,160,651.00 | 26.4x | -24.2x | 6x |
| Mon, 21 Nov 2022 | HK$265.0b | HK$50.4b | -HK$12,393,031,513.00 | 32.3x | -21.4x | 5.3x |
| Wed, 19 Oct 2022 | HK$240.2b | HK$50.0b | -HK$12,540,322,067.00 | 33.1x | -19.2x | 4.8x |
| Fri, 16 Sep 2022 | HK$245.9b | HK$50.3b | -HK$12,518,930,615.00 | 39.5x | -19.6x | 4.9x |
| Sun, 14 Aug 2022 | HK$273.1b | HK$57.5b | -HK$10,458,569,956.00 | 85.2x | -26.1x | 4.8x |
| Tue, 12 Jul 2022 | HK$401.5b | HK$80.2b | -HK$18,415,606,876.00 | 106.7x | -21.8x | 5x |
| Thu, 09 Jun 2022 | HK$377.8b | HK$80.1b | -HK$18,986,934,469.00 | 77.5x | -19.9x | 4.7x |
| Sat, 07 May 2022 | HK$386.8b | HK$80.2b | -HK$18,996,373,022.00 | 78.9x | -20.4x | 4.8x |
| Mon, 04 Apr 2022 | HK$432.4b | HK$80.6b | -HK$18,972,831,609.00 | 85.5x | -22.8x | 5.4x |
| Wed, 02 Mar 2022 | HK$462.4b | HK$87.0b | -HK$23,497,079,702.00 | 15.2x | -19.7x | 5.3x |
| Fri, 28 Jan 2022 | HK$474.9b | HK$82.8b | -HK$23,779,816,830.00 | 14.8x | -20x | 5.7x |
Price to Earnings Ratio
-20x
Current Industry PE
- Investors are pessimistic on the Hong Kong Casinos and Gaming industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 25.1x which is higher than its 3-year average PE of -5.8x.
- The 3-year average PS ratio of 4.3x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- Total earnings for the Casinos and Gaming industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 12% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Hong Kong Casinos and Gaming compare with similar industries?
| HK Market | 3.38% | |
| Consumer Discretionary | 6.72% | |
| Hospitality | 9.02% | |
| Casinos and Gaming | 0.021% | |
| Restaurants | 11.65% | |
| Leisure Facilities | 3.67% | |
| Hotels, Resorts and Cruise Lines | 2.33% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2282 MGM China Holdings | HK$10.76 | 1.9% +HK$760.0m | 14.5% | PE9.1x | |
| 6889 DYNAM JAPAN HOLDINGS | HK$3.28 | 7.2% +HK$153.2m | -15.7% | PE12.3x | |
| 1128 Wynn Macau | HK$5.55 | 0.4% +HK$104.5m | -7.5% | PE10.8x | |
| 1180 Paradise Entertainment | HK$0.90 | 8.4% +HK$73.7m | -1.1% | PE5.2x | |
| 8198 Crypto Flow Technology | HK$0.28 | 14.3% +HK$19.2m | 37.9% | PS3.6x |
