SEHK:200

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Melco International Development

Executive Summary

Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, Cyprus, Japan, and Hong Kong. More Details


Snowflake Analysis

High growth potential and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 200 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 200's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-0.8%

200

-3.1%

HK Hospitality

1.1%

HK Market


1 Year Return

-22.4%

200

5.4%

HK Hospitality

8.2%

HK Market

Return vs Industry: 200 underperformed the Hong Kong Hospitality industry which returned 5.2% over the past year.

Return vs Market: 200 underperformed the Hong Kong Market which returned 7.6% over the past year.


Shareholder returns

200IndustryMarket
7 Day-0.8%-3.1%1.1%
30 Day15.2%9.9%7.2%
90 Day-11.6%0.1%5.2%
1 Year-22.2%-22.4%7.2%5.4%12.6%8.2%
3 Year-31.2%-31.9%-8.7%-15.4%0.4%-10.0%
5 Year42.9%40.4%39.6%20.7%30.6%8.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Melco International Development undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 200 (HK$15.28) is trading below our estimate of fair value (HK$35.62)

Significantly Below Fair Value: 200 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 200 is unprofitable, so we can't compare its PE Ratio to the HK Hospitality industry average.

PE vs Market: 200 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 200's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 200 is overvalued based on its PB Ratio (1.8x) compared to the HK Hospitality industry average (0.9x).


Next Steps

Future Growth

How is Melco International Development forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

117.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 200 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: 200 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 200's is expected to become profitable in the next 3 years.

Revenue vs Market: 200's revenue (39.8% per year) is forecast to grow faster than the Hong Kong market (13.7% per year).

High Growth Revenue: 200's revenue (39.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 200 is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Melco International Development performed over the past 5 years?

-49.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 200 is currently unprofitable.

Growing Profit Margin: 200 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 200 is unprofitable, and losses have increased over the past 5 years at a rate of 49.7% per year.

Accelerating Growth: Unable to compare 200's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 200 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-60.5%).


Return on Equity

High ROE: 200 has a negative Return on Equity (-18.57%), as it is currently unprofitable.


Next Steps

Financial Health

How is Melco International Development's financial position?


Financial Position Analysis

Short Term Liabilities: 200's short term assets (HK$12.2B) do not cover its short term liabilities (HK$13.7B).

Long Term Liabilities: 200's short term assets (HK$12.2B) do not cover its long term liabilities (HK$43.9B).


Debt to Equity History and Analysis

Debt Level: 200's debt to equity ratio (128.5%) is considered high.

Reducing Debt: 200's debt to equity ratio has increased from 10.5% to 128.5% over the past 5 years.

Debt Coverage: 200's debt is not well covered by operating cash flow (2.2%).

Interest Coverage: Insufficient data to determine if 200's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Melco International Development current dividend yield, its reliability and sustainability?

0.24%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 200's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 200's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 200's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 200's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 200 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 200's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.7yrs

Average management tenure


CEO

Lawrence Ho (43 yo)

14.67yrs

Tenure

HK$205,668,000

Compensation

Mr. Yau Lung Ho, also known as Lawrence, has been Executive Director of Melco Resorts & Entertainment Limited (formerly known as, Melco Crown Entertainment Limited) since December 20, 2004 and served as th...


CEO Compensation Analysis

Compensation vs Market: Lawrence's total compensation ($USD26.53M) is above average for companies of similar size in the Hong Kong market ($USD657.61K).

Compensation vs Earnings: Lawrence's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Yau Lung Ho
Chairman & CEO14.67yrsHK$205.67m38.07%
HK$ 8.8b
Evan Winkler
President4.25yrsHK$72.52m0.42%
HK$ 97.1m
Yuk Man Chung
Executive Director14.5yrsHK$17.91m0.20%
HK$ 46.2m
Geoffrey Stuart Davis
Chief Financial Officer2.92yrsno datano data
Hoi Leung
Group General Counsel & Company Secretaryno datano datano data

8.7yrs

Average Tenure

46yo

Average Age

Experienced Management: 200's management team is seasoned and experienced (8.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yau Lung Ho
Chairman & CEO14.67yrsHK$205.67m38.07%
HK$ 8.8b
Evan Winkler
President4.25yrsHK$72.52m0.42%
HK$ 97.1m
Yuk Man Chung
Executive Director14.5yrsHK$17.91m0.20%
HK$ 46.2m
Ching Ng
Non-Executive Director16.17yrsHK$957.00k0.022%
HK$ 5.2m
Che Yin Tsui
Independent Non-executive Director19yrsHK$533.00k0.48%
HK$ 111.0m
John William Crawford
Independent Non-Executive Director1.17yrsHK$3.19m0.00034%
HK$ 78.4k
Karuna Shinsho
Independent Non-Executive Director2.25yrsHK$453.00k0.00054%
HK$ 124.5k

14.5yrs

Average Tenure

57yo

Average Age

Experienced Board: 200's board of directors are seasoned and experienced ( 14.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 200 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Melco International Development Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Melco International Development Limited
  • Ticker: 200
  • Exchange: SEHK
  • Founded: 1910
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: HK$23.051b
  • Shares outstanding: 1.49b
  • Website: https://www.melco-group.com

Number of Employees


Location

  • Melco International Development Limited
  • The Centrium
  • 37th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
200SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
MX7ADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
MDEV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
200SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
200SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992

Biography

Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, Cyprus, Japan, and Hong Kong. It operates in two segment...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 10:02
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.