MGM China Holdings Limited

SEHK:2282 Stock Report

Market Cap: HK$39.2b

MGM China Holdings Valuation

Is 2282 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2282 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2282 (HK$10.32) is trading below our estimate of fair value (HK$15.13)

Significantly Below Fair Value: 2282 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2282?

Other financial metrics that can be useful for relative valuation.

2282 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA7.2x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does 2282's PE Ratio compare to its peers?

The above table shows the PE ratio for 2282 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.9x
1128 Wynn Macau
11.8x14.8%HK$31.1b
1928 Sands China
20.5x19.4%HK$170.4b
27 Galaxy Entertainment Group
19.1x14.8%HK$158.9b
3918 NagaCorp
20.3x42.4%HK$14.8b
2282 MGM China Holdings
8.7x6.4%HK$38.9b

Price-To-Earnings vs Peers: 2282 is good value based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (17.9x).


Price to Earnings Ratio vs Industry

How does 2282's PE Ratio compare vs other companies in the HK Hospitality Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a25.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 2282 is good value based on its Price-To-Earnings Ratio (8.7x) compared to the Hong Kong Hospitality industry average (16.8x).


Price to Earnings Ratio vs Fair Ratio

What is 2282's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2282 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ratio12.6x

Price-To-Earnings vs Fair Ratio: 2282 is good value based on its Price-To-Earnings Ratio (8.7x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2282 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$10.32
HK$15.83
+53.4%
10.7%HK$19.20HK$12.50n/a14
Nov ’25HK$10.40
HK$15.90
+52.9%
10.3%HK$19.20HK$12.50n/a14
Oct ’25HK$12.40
HK$16.73
+34.9%
11.5%HK$19.20HK$12.50n/a13
Sep ’25HK$10.50
HK$16.93
+61.3%
10.4%HK$19.20HK$12.50n/a14
Aug ’25HK$11.86
HK$16.95
+42.9%
9.7%HK$18.90HK$12.50n/a14
Jul ’25HK$12.16
HK$17.55
+44.3%
11.6%HK$19.80HK$11.80n/a14
Jun ’25HK$13.90
HK$17.02
+22.4%
13.0%HK$19.80HK$11.80n/a15
May ’25HK$13.28
HK$16.06
+20.9%
12.5%HK$18.80HK$11.80n/a15
Apr ’25HK$13.08
HK$15.16
+15.9%
10.1%HK$18.00HK$11.80n/a16
Mar ’25HK$12.16
HK$14.93
+22.8%
10.6%HK$18.00HK$11.80n/a16
Feb ’25HK$10.26
HK$13.93
+35.8%
13.1%HK$18.00HK$10.20n/a15
Jan ’25HK$9.91
HK$13.76
+38.9%
13.6%HK$18.00HK$10.20n/a15
Dec ’24HK$8.64
HK$13.85
+60.3%
13.6%HK$18.00HK$10.20n/a14
Nov ’24HK$9.54
HK$13.95
+46.2%
16.9%HK$18.00HK$9.80HK$10.4013
Oct ’24HK$10.24
HK$13.94
+36.2%
17.0%HK$18.00HK$9.80HK$12.4013
Sep ’24HK$9.84
HK$14.08
+43.1%
20.2%HK$19.00HK$9.40HK$10.5015
Aug ’24HK$10.44
HK$13.21
+26.6%
25.8%HK$19.00HK$5.80HK$11.8616
Jul ’24HK$9.14
HK$13.35
+46.1%
25.0%HK$19.00HK$5.80HK$12.1616
Jun ’24HK$8.33
HK$13.07
+56.9%
22.4%HK$17.96HK$5.80HK$13.9017
May ’24HK$10.66
HK$12.69
+19.0%
23.9%HK$17.96HK$5.80HK$13.2816
Apr ’24HK$9.70
HK$11.75
+21.1%
21.2%HK$14.68HK$5.80HK$13.0815
Mar ’24HK$10.22
HK$11.16
+9.1%
25.4%HK$14.68HK$4.80HK$12.1616
Feb ’24HK$10.34
HK$9.34
-9.6%
34.3%HK$13.60HK$4.60HK$10.2616
Jan ’24HK$8.60
HK$5.75
-33.1%
25.9%HK$9.65HK$3.60HK$9.9116
Dec ’23HK$5.80
HK$5.31
-8.5%
19.7%HK$7.50HK$3.60HK$8.6416
Nov ’23HK$3.50
HK$5.31
+51.8%
19.8%HK$7.80HK$3.60HK$9.5416

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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