MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region.
MGM China Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$4.90|
|52 Week High||HK$5.40|
|52 Week Low||HK$14.62|
|1 Month Change||-35.95%|
|3 Month Change||-58.48%|
|1 Year Change||-47.98%|
|3 Year Change||-60.48%|
|5 Year Change||-64.54%|
|Change since IPO||-68.63%|
Recent News & Updates
|2282||HK Hospitality||HK Market|
Return vs Industry: 2282 underperformed the Hong Kong Hospitality industry which returned -27.9% over the past year.
Return vs Market: 2282 underperformed the Hong Kong Market which returned 9.1% over the past year.
Stable Share Price: 2282 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: 2282's weekly volatility (10%) has been stable over the past year.
About the Company
MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau. It owns and operates MGM Macau, an integrated resort that includes a casino with 638 slot machines and 279 gaming tables; a hotel with 582 hotel rooms, suites, and villas; and amenities, including eight restaurants, retail outlets, pool, and spa facilities, as well as a convention space.
MGM China Holdings Fundamentals Summary
|2282 fundamental statistics|
Is 2282 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2282 income statement (TTM)|
|Cost of Revenue||HK$3.47b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-1.07|
|Net Profit Margin||-54.79%|
How did 2282 perform over the long term?See historical performance and comparison
Is MGM China Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2282 (HK$4.9) is trading below our estimate of fair value (HK$11.13)
Significantly Below Fair Value: 2282 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2282 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Hospitality industry average.
PE vs Market: 2282 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 2282's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2282 is overvalued based on its PB Ratio (5.7x) compared to the HK Hospitality industry average (1.1x).
How is MGM China Holdings forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2282 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: 2282 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 2282's is expected to become profitable in the next 3 years.
Revenue vs Market: 2282's revenue (22.3% per year) is forecast to grow faster than the Hong Kong market (12.3% per year).
High Growth Revenue: 2282's revenue (22.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2282's Return on Equity is forecast to be very high in 3 years time (106.9%).
How has MGM China Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2282 is currently unprofitable.
Growing Profit Margin: 2282 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2282 is unprofitable, and losses have increased over the past 5 years at a rate of 62.3% per year.
Accelerating Growth: Unable to compare 2282's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2282 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (18.6%).
Return on Equity
High ROE: 2282 has a negative Return on Equity (-124.18%), as it is currently unprofitable.
How is MGM China Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 2282's short term assets (HK$3.2B) exceed its short term liabilities (HK$2.6B).
Long Term Liabilities: 2282's short term assets (HK$3.2B) do not cover its long term liabilities (HK$22.9B).
Debt to Equity History and Analysis
Debt Level: 2282's debt to equity ratio (693.2%) is considered high.
Reducing Debt: 2282's debt to equity ratio has increased from 213% to 693.2% over the past 5 years.
Debt Coverage: 2282's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 2282's interest payments on its debt are well covered by EBIT.
What is MGM China Holdings's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2282's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 2282'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 2282's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2282's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 2282 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 2282's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
MGM China Holdings has no CEO, or we have no data on them.
Experienced Management: 2282's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Experienced Board: 2282's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 2282 insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MGM China Holdings Limited's employee growth, exchange listings and data sources
- Name: MGM China Holdings Limited
- Ticker: 2282
- Exchange: SEHK
- Founded: 2010
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: HK$20.786b
- Shares outstanding: 3.80b
- Website: https://www.mgmchinaholdings.com
Number of Employees
- MGM China Holdings Limited
- Edificio MGM Macau
- Avenida Dr. Sun Yat Sen
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 10:03|
|End of Day Share Price||2021/09/27 00:00|
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.