SEHK:2282

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Executive Summary

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. More Details


Snowflake Analysis

High growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has MGM China Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2282 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: 2282's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-1.2%

2282

-3.1%

HK Hospitality

1.1%

HK Market


1 Year Return

-3.6%

2282

5.4%

HK Hospitality

8.2%

HK Market

Return vs Industry: 2282 underperformed the Hong Kong Hospitality industry which returned 5.2% over the past year.

Return vs Market: 2282 underperformed the Hong Kong Market which returned 7.6% over the past year.


Shareholder returns

2282IndustryMarket
7 Day-1.2%-3.1%1.1%
30 Day14.4%9.9%7.2%
90 Day6.2%0.1%5.2%
1 Year-2.7%-3.6%7.2%5.4%12.6%8.2%
3 Year-41.4%-43.0%-8.7%-15.4%0.4%-10.0%
5 Year15.0%7.8%39.6%20.7%30.6%8.5%

Long-Term Price Volatility Vs. Market

How volatile is MGM China Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MGM China Holdings undervalued compared to its fair value and its price relative to the market?

36.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2282 (HK$11.36) is trading below our estimate of fair value (HK$17.9)

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 HK 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 (5.9x) compared to the HK Hospitality industry average (0.9x).


Next Steps

Future Growth

How is MGM China Holdings forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

123.2%

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 (1.6%).

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 (44.4% per year) is forecast to grow faster than the Hong Kong market (13.7% per year).

High Growth Revenue: 2282's revenue (44.4% 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 low in 3 years time (17.3%).


Next Steps

Past Performance

How has MGM China Holdings performed over the past 5 years?

-33.3%

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 33.3% 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 (-60.5%).


Return on Equity

High ROE: 2282 has a negative Return on Equity (-26.7%), as it is currently unprofitable.


Next Steps

Financial Health

How is MGM China Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2282's short term assets (HK$2.9B) do not cover its short term liabilities (HK$3.8B).

Long Term Liabilities: 2282's short term assets (HK$2.9B) do not cover its long term liabilities (HK$19.1B).


Debt to Equity History and Analysis

Debt Level: 2282's debt to equity ratio (258.6%) is considered high.

Reducing Debt: 2282's debt to equity ratio has increased from 231.2% to 258.6% 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.


Balance Sheet


Next Steps

Dividend

What is MGM China Holdings's current dividend yield, its reliability and sustainability?

1.09%

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.


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

MGM China Holdings has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Xiaofeng Feng
President2.5yrsHK$2.24mno data
Grant Bowie
0.50yrHK$46.67mno data
William Hornbuckle
Executive Chairperson0.67yrno datano data
Zhi Qi Wang
President of Hospitality & CFO9.33yrsno datano data
Antonio Jose De Castro Dos Santos Menano
Company Secretaryno datano datano data
Yuen Ying Yu
Executive Vice President of Human Resourcesno datano datano data
Chiu Ho
Executive Director10.17yrsno data22.49%
HK$ 9.7b
Chen Wong
Executive Director10.17yrsno datano data
Michael Holubowskyj
Senior Vice President of Security & Safetyno datano datano data
John McManus
Executive Director1.67yrsno datano data
Han Tian
Senior Vice President of Relationship Marketing & Analyticsno datano datano data

1.0yrs

Average Tenure

54yo

Average Age

Experienced Management: 2282's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Xiaofeng Feng
President2.5yrsHK$2.24mno data
William Hornbuckle
Executive Chairperson0.67yrno datano data
Chiu Ho
Executive Director10.17yrsno data22.49%
HK$ 9.7b
Chen Wong
Executive Director10.17yrsno datano data
John McManus
Executive Director1.67yrsno datano data
Daniel Taylor
Non-Executive Director0.67yrno datano data
James Freeman
Non-Executive Director1.25yrsno datano data
Sun Zhe
Independent Non-Executive Director10.17yrsHK$863.00kno data
Sze Wan Lam
Independent Non-Executive Director9.67yrsHK$863.00kno data
Simon Meng
Independent Non-Executive Director0.92yrHK$44.00kno data
Russell Banham
Independent Non-Executive Director6yrsHK$1.18mno data
Ayesha Molino
Non-Executive Director0.25yrno datano data

2.1yrs

Average Tenure

55.5yo

Average Age

Experienced Board: 2282's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: 2282 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

MGM China Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MGM China Holdings Limited
  • Ticker: 2282
  • Exchange: SEHK
  • Founded: 2010
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: HK$43.320b
  • Shares outstanding: 3.80b
  • Website: https://www.mgmchinaholdings.com

Number of Employees


Location

  • MGM China Holdings Limited
  • Edificio MGM Macau
  • Avenida Dr. Sun Yat Sen
  • Macau
  • Macau

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2282SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2011
MCHV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2011
M04DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2011
2282SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJun 2011
2282SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJun 2011
MCHV.YOTCPK (Pink Sheets LLC)UNSPONSOD ADRUSUSDMay 2012

Biography

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 engages in the develop...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 10:18
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.