DB:4ML

Stock Analysis Report

Macau Legend Development

Executive Summary

Macau Legend Development Limited, an investment holding company, owns entertainment and casino gaming facilities.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Share Price & News

How has Macau Legend Development's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.8%

4ML

3.7%

DE Hospitality

1.4%

DE Market


1 Year Return

-42.1%

4ML

-16.3%

DE Hospitality

3.7%

DE Market

Return vs Industry: 4ML underperformed the German Hospitality industry which returned -16.3% over the past year.

Return vs Market: 4ML underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

4MLIndustryMarket
7 Day-3.8%3.7%1.4%
30 Day-4.9%21.6%1.3%
90 Day-26.0%26.1%3.4%
1 Year-42.1%-42.1%-10.6%-16.3%7.0%3.7%
3 Year-13.4%-18.9%16.0%0.5%18.5%8.3%
5 Year-74.8%-76.4%35.7%8.7%42.2%22.9%

Price Volatility Vs. Market

How volatile is Macau Legend Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Macau Legend Development undervalued compared to its fair value and its price relative to the market?

0.7x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate 4ML's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 4ML's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 4ML is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.

PE vs Market: 4ML is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 4ML's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 4ML is good value based on its PB Ratio (0.7x) compared to the DE Hospitality industry average (2.6x).


Next Steps

Future Growth

How is Macau Legend Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.3%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Macau Legend Development has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Macau Legend Development performed over the past 5 years?

22.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 4ML is unprofitable, but has reduced losses over the past 5 years at a rate of 22.3% per year.

Accelerating Growth: Unable to compare 4ML's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 4ML is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-28.4%).


Return on Equity

High ROE: 4ML has a negative Return on Equity (-13.19%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 4ML is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 4ML is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Macau Legend Development's financial position?


Financial Position Analysis

Short Term Liabilities: 4ML's short term assets (HK$1.4B) exceeds its short term liabilities (HK$1.2B)

Long Term Liabilities: 4ML's short term assets (1.4B) do not cover its long term liabilities (1.9B)


Debt to Equity History and Analysis

Debt Level: 4ML's debt to equity ratio (25.5%) is considered satisfactory

Reducing Debt: 4ML's debt to equity ratio has reduced from 52.4% to 25.5% over the past 5 years.

Debt Coverage: 4ML's debt is not well covered by operating cash flow (11.7%).

Interest Coverage: Insufficient data to determine if 4ML's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: 4ML has a high level of physical assets or inventory.

Debt Coverage by Assets: 4ML's debt is not covered by short term assets (assets are 0.7x debt).


Next Steps

Dividend

What is Macau Legend Development's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage6.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 4ML's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 4ML's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 4ML's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 4ML's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 4ML's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Macau Legend Development's salary, the management and board of directors tenure and is there insider trading?

6.3yrs

Average management tenure


CEO

David Chow (68yo)

12.8yrs

Tenure

HK$12,373,000

Compensation

Mr. Kam Fai Chow, also known as David, has been a Co-Chairman of Macau Legend Development Limited since May 31, 2012 and has been its Chief Executive Officer since December 2006. Mr. Chow has been a Direct ...


CEO Compensation Analysis

Compensation vs. Market: David's total compensation ($USD1.58M) is about average for companies of similar size in the German market ($USD1.17M).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

6.3yrs

Average Tenure

59yo

Average Age

Experienced Management: 4ML's management team is seasoned and experienced (6.3 years average tenure).


Board Age and Tenure

6.3yrs

Average Tenure

68yo

Average Age

Experienced Board: 4ML's board of directors are considered experienced (6.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyHK$27,54629 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares200,000
Max PriceHK$0.14
BuyHK$110,71329 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares794,000
Max PriceHK$0.14
BuyHK$188,07328 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares1,358,000
Max PriceHK$0.14
BuyHK$109,65428 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares794,000
Max PriceHK$0.14
BuyHK$33,15923 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares240,000
Max PriceHK$0.14
BuyHK$55,65523 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares401,000
Max PriceHK$0.14
BuyHK$197,77221 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares1,418,000
Max PriceHK$0.14
BuyHK$64,84021 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares470,000
Max PriceHK$0.14
BuyHK$46,07816 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares327,000
Max PriceHK$0.14
BuyHK$375,35415 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares2,667,000
Max PriceHK$0.14
BuyHK$82,17414 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares568,000
Max PriceHK$0.14
BuyHK$97,37614 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares678,000
Max PriceHK$0.14
BuyHK$92,39203 May 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares628,000
Max PriceHK$0.15
BuyHK$259,57318 Apr 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares1,778,000
Max PriceHK$0.15
BuyHK$28,98311 Apr 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares194,000
Max PriceHK$0.15
BuyHK$46,18410 Apr 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares309,000
Max PriceHK$0.15
BuyHK$29,87210 Apr 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares200,000
Max PriceHK$0.15
BuyHK$21,30408 Apr 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares142,000
Max PriceHK$0.15
BuyHK$15,14504 Apr 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares100,000
Max PriceHK$0.15
BuyHK$56,46201 Apr 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares376,000
Max PriceHK$0.15
BuyHK$15,03901 Apr 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares100,000
Max PriceHK$0.15
BuyHK$226,75917 Jan 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares1,500,000
Max PriceHK$0.15
BuyHK$15,10616 Jan 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares100,000
Max PriceHK$0.15
BuyHK$14,98216 Jan 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares100,000
Max PriceHK$0.15
BuyHK$185,19411 Jan 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares1,232,000
Max PriceHK$0.15
BuyHK$30,56304 Jan 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares200,000
Max PriceHK$0.15
BuyHK$138,17803 Jan 19
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares924,000
Max PriceHK$0.15
BuyHK$110,48219 Dec 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares730,000
Max PriceHK$0.15
BuyHK$107,43011 Dec 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares708,000
Max PriceHK$0.15
BuyHK$26,29306 Dec 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares172,000
Max PriceHK$0.15
BuyHK$21,42803 Dec 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares139,000
Max PriceHK$0.15
BuyHK$186,63229 Nov 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares1,207,000
Max PriceHK$0.15
BuyHK$6,82319 Nov 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares45,000
Max PriceHK$0.15
BuyHK$203,91616 Nov 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares1,347,000
Max PriceHK$0.15
BuyHK$17,04414 Nov 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares110,000
Max PriceHK$0.15
BuyHK$197,91013 Nov 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares1,283,000
Max PriceHK$0.15
BuyHK$68,03506 Nov 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares439,000
Max PriceHK$0.15
BuyHK$76,71805 Nov 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares500,000
Max PriceHK$0.15
BuyHK$726,84805 Nov 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares4,580,000
Max PriceHK$0.16
BuyHK$308,69101 Nov 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares2,000,000
Max PriceHK$0.15
BuyHK$511,57830 Oct 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares3,338,000
Max PriceHK$0.15
BuyHK$162,69929 Oct 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares1,083,000
Max PriceHK$0.15
BuyHK$148,47726 Oct 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares986,000
Max PriceHK$0.15
BuyHK$45,49325 Oct 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares300,000
Max PriceHK$0.15
BuyHK$120,57825 Oct 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares797,000
Max PriceHK$0.15
BuyHK$267,05223 Oct 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares1,776,000
Max PriceHK$0.15
BuyHK$62,79222 Oct 18
Kam Chow
EntityIndividual
Role
Chief Executive Officer
Co-Chairman & CEO
Shares412,000
Max PriceHK$0.15

Ownership Breakdown


Management Team

  • David Chow (68yo)

    Co-Chairman & CEO

    • Tenure: 12.8yrs
    • Compensation: HK$12.37m
  • Fong Lam (91yo)

    Vice Chairman

    • Tenure: 7.4yrs
    • Compensation: HK$2.71m
  • Sheldon Trainor-Degirolamo (55yo)

    Executive Director

    • Tenure: 7.4yrs
    • Compensation: HK$2.27m
  • Frederick Yip (63yo)

    Executive VP & Head of Casino Operations

    • Tenure: 12.5yrs
  • Melinda Chan

    President of MFW Investment

    • Tenure: 2yrs
  • Man Wong (47yo)

    Executive VP

    • Tenure: 3.1yrs
  • Donald Chow (28yo)

    VP of Corporate Business Development & Executive Director

    • Tenure: 3.1yrs
    • Compensation: HK$1.10m

Board Members

  • Maria Tam (74yo)

    Independent Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: HK$533.00k
  • Carl Tong (68yo)

    Co-Chairman

    • Tenure: 7.4yrs
  • Mark Fong (68yo)

    Independent Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: HK$553.00k
  • David Chow (68yo)

    Co-Chairman & CEO

    • Tenure: 12.8yrs
    • Compensation: HK$12.37m
  • Fong Lam (91yo)

    Vice Chairman

    • Tenure: 7.4yrs
    • Compensation: HK$2.71m
  • Sheldon Trainor-Degirolamo (55yo)

    Executive Director

    • Tenure: 7.4yrs
    • Compensation: HK$2.27m
  • Min Xie (60yo)

    Independent Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: HK$533.00k
  • Donald Chow (28yo)

    VP of Corporate Business Development & Executive Director

    • Tenure: 3.1yrs
    • Compensation: HK$1.10m
  • Laurinda Ho (28yo)

    Non-Executive Director

    • Tenure: 3.1yrs

Company Information

Macau Legend Development Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Macau Legend Development Limited
  • Ticker: 4ML
  • Exchange: DB
  • Founded: 2006
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: HK$5.289b
  • Listing Market Cap: HK$605.414m
  • Shares outstanding: 6.22b
  • Website: https://www.macaulegend.com

Number of Employees


Location

  • Macau Legend Development Limited
  • Palace Building
  • Macau Fisherman's Wharf
  • Macau
  • Macau

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1680SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2013
4MLDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2013
1680SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2013
1680SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJul 2013

Biography

Macau Legend Development Limited, an investment holding company, owns entertainment and casino gaming facilities. The company operates through Gaming and Non-Gaming segments. Its properties Macau Fisherman ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:43
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.