MGM Resorts International
Market Cap
R$85.8b
Last Updated
2021/01/25 21:56 UTC
Data Sources
Company Financials +
Executive Summary
MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with high growth potential.
Similar Companies
Share Price & News
How has MGM Resorts International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: Insufficient data to determine M1GM34's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine M1GM34's volatility change over the past year.
Market Performance
7 Day Return
6.8%
M1GM34
-4.6%
BR Hospitality
-3.5%
BR Market
1 Year Return
32.1%
M1GM34
-40.9%
BR Hospitality
0.7%
BR Market
Return vs Industry: M1GM34 exceeded the BR Hospitality industry which returned -40.9% over the past year.
Return vs Market: M1GM34 exceeded the BR Market which returned 0.7% over the past year.
Shareholder returns
| M1GM34 | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.8% | -4.6% | -3.5% |
| 30 Day | 5.9% | -6.4% | 0.5% |
| 90 Day | 29.7% | 5.8% | 15.5% |
| 1 Year | 32.7%32.1% | -39.5%-40.9% | 3.4%0.7% |
| 3 Year | n/a | -46.0%-48.2% | 49.2%33.1% |
| 5 Year | n/a | -45.6%-49.2% | 195.5%145.1% |
Long-Term Price Volatility Vs. Market
How volatile is MGM Resorts International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is MGM Resorts International undervalued compared to its fair value and its price relative to the market?
37.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: M1GM34 (R$169.3) is trading below our estimate of fair value (R$272.8)
Significantly Below Fair Value: M1GM34 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: M1GM34 is good value based on its PE Ratio (10.6x) compared to the XX Hospitality industry average (32.9x).
PE vs Market: M1GM34 is good value based on its PE Ratio (10.6x) compared to the BR market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: M1GM34 is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: M1GM34 is overvalued based on its PB Ratio (2.3x) compared to the XS Hospitality industry average (1.5x).
Next Steps
Future Growth
How is MGM Resorts International forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
57.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: M1GM34's forecast earnings growth (57.1% per year) is above the savings rate (9.9%).
Earnings vs Market: M1GM34's earnings (57.1% per year) are forecast to grow faster than the BR market (26.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: M1GM34's revenue (30.1% per year) is forecast to grow faster than the BR market (10.2% per year).
High Growth Revenue: M1GM34's revenue (30.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: M1GM34 is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has MGM Resorts International performed over the past 5 years?
34.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: M1GM34 has a large one-off gain of $3.9B impacting its September 30 2020 financial results.
Growing Profit Margin: M1GM34's current net profit margins (22.3%) are higher than last year (0.2%).
Past Earnings Growth Analysis
Earnings Trend: M1GM34 has become profitable over the past 5 years, growing earnings by 34.3% per year.
Accelerating Growth: M1GM34's earnings growth over the past year (6038.7%) exceeds its 5-year average (34.3% per year).
Earnings vs Industry: M1GM34 earnings growth over the past year (6038.7%) exceeded the Hospitality industry -24.8%.
Return on Equity
High ROE: M1GM34's Return on Equity (10.2%) is considered low.
Next Steps
Financial Health
How is MGM Resorts International's financial position?
Financial Position Analysis
Short Term Liabilities: M1GM34's short term assets ($6.2B) exceed its short term liabilities ($2.8B).
Long Term Liabilities: M1GM34's short term assets ($6.2B) do not cover its long term liabilities ($22.5B).
Debt to Equity History and Analysis
Debt Level: M1GM34's debt to equity ratio (98.2%) is considered high.
Reducing Debt: M1GM34's debt to equity ratio has reduced from 138.6% to 98.2% over the past 5 years.
Debt Coverage: M1GM34's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if M1GM34's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is MGM Resorts International current dividend yield, its reliability and sustainability?
0.031%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: M1GM34's dividend (0.031%) isn’t notable compared to the bottom 25% of dividend payers in the BR market (0.96%).
High Dividend: M1GM34's dividend (0.031%) is low compared to the top 25% of dividend payers in the BR market (5.15%).
Stability and Growth of Payments
Stable Dividend: M1GM34 is not paying a notable dividend for the BR market, therefore no need to check if payments are stable.
Growing Dividend: M1GM34 is not paying a notable dividend for the BR market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: M1GM34 is not paying a notable dividend for the BR market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of M1GM34's dividend in 3 years as they are not forecast to pay a notable one for the BR market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.0yrs
Average management tenure
CEO
Bill Hornbuckle (62 yo)
0.83
Tenure
US$6,289,556
Compensation
Mr. William Joseph Hornbuckle, IV, also known as Bill, has been Executive Chairperson of MGM China Holdings Limited since March 26, 2020. He has been Chief Executive Officer of Marina District Development ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD6.29M) is about average for companies of similar size in the BR market ($USD5.73M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.83yr | US$6.29m | 0.088% $ 75.7m | |
| COO & Treasurer | 0.083yr | US$5.89m | 0.097% $ 83.6m | |
| Executive VP | 12.5yrs | US$3.03m | 0.021% $ 17.8m | |
| Chief Financial Officer | no data | no data | no data | |
| Principal Accounting Officer | 0.17yr | no data | 0.0031% $ 2.7m | |
| Executive Director of Investor Relations | 6yrs | no data | no data | |
| Senior VP and Chief People | no data | no data | no data | |
| Executive Vice President of Global Government & Industry Affairs | no data | no data | no data | |
| Chief Diversity & Corporate Responsibility Officer | 18.83yrs | no data | 0.0029% $ 2.4m | |
| Senior Vice President of Public Relations | no data | no data | no data | |
| Senior Vice President of Taxes | 15.5yrs | no data | no data | |
| Chief Operating Officer of Regional Operations | no data | no data | no data |
6.0yrs
Average Tenure
55yo
Average Age
Experienced Management: M1GM34's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.83yr | US$6.29m | 0.088% $ 75.7m | |
| Independent Chairman | 0.83yr | US$293.20k | 0.31% $ 263.2m | |
| Independent Director | 7.75yrs | US$313.20k | 0.0054% $ 4.6m | |
| Independent Director | 4yrs | US$293.20k | 0.0017% $ 1.5m | |
| Independent Director | 16yrs | US$323.20k | 0.0031% $ 2.7m | |
| Lead Independent Director | 11yrs | US$373.20k | 0.0092% $ 7.9m | |
| Independent Director | 19yrs | US$313.20k | 0.0050% $ 4.3m | |
| Independent Director | 2yrs | US$334.80k | no data | |
| Independent Director | 2.83yrs | US$293.20k | 0.0024% $ 2.1m | |
| Independent Director | 13.83yrs | US$308.20k | 0.0020% $ 1.7m | |
| Director | 7.92yrs | US$245.70k | 0.0032% $ 2.7m | |
| Independent Director | 6.92yrs | US$293.20k | 0.0051% $ 4.4m |
7.3yrs
Average Tenure
62.5yo
Average Age
Experienced Board: M1GM34's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
MGM Resorts International's company bio, employee growth, exchange listings and data sources
Key Information
- Name: MGM Resorts International
- Ticker: M1GM34
- Exchange: BOVESPA
- Founded: 1986
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: US$15.529b
- Listing Market Cap: US$85.839b
- Shares outstanding: 494.70m
- Website: https://www.mgmresorts.com
Number of Employees
Location
- MGM Resorts International
- 3600 Las Vegas Boulevard South
- Las Vegas
- Nevada
- 89109
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MGM | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 1988 |
| MGM * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | May 1988 |
| MGG | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 1988 |
| 0JWC | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | May 1988 |
| M1GM34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM USD0.01 | BR | BRL | Jan 2020 |
Biography
MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las V...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 21:56 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.