MGM China Holdings Future Growth

Future criteria checks 2/6

MGM China Holdings is forecast to grow earnings and revenue by 6.5% and 3% per annum respectively. EPS is expected to grow by 6.5% per annum. Return on equity is forecast to be 90.7% in 3 years.

Key information

6.5%

Earnings growth rate

6.5%

EPS growth rate

Hospitality earnings growth	26.8%
Revenue growth rate	3.0%
Future return on equity	90.7%
Analyst coverage	Good
Last updated	17 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

SHSC:2282 - Analysts future estimates and past financials data (HKD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	32,806	5,398	5,873	8,699	13
12/31/2025	31,453	4,913	5,483	8,474	16
12/31/2024	30,771	4,577	5,242	7,690	13
6/30/2024	30,253	4,503	8,314	8,833	N/A
3/31/2024	27,468	3,571	8,114	8,550	N/A
12/31/2023	24,684	2,638	7,913	8,268	N/A
9/30/2023	18,693	316	5,313	5,626	N/A
6/30/2023	12,702	-2,007	2,713	2,984	N/A
3/31/2023	8,985	-3,619	154	435	N/A
12/31/2022	5,269	-5,232	-2,405	-2,114	N/A
9/30/2022	6,592	-4,875	-1,979	-1,647	N/A
6/30/2022	7,916	-4,517	-1,553	-1,180	N/A
3/31/2022	8,663	-4,182	-1,265	-815	N/A
12/31/2021	9,411	-3,847	-977	-450	N/A
9/30/2021	8,424	-3,961	-1,633	-1,046	N/A
6/30/2021	7,437	-4,074	-2,288	-1,642	N/A
3/31/2021	6,266	-4,638	-3,048	-2,306	N/A
12/31/2020	5,096	-5,202	-3,809	-2,970	N/A
9/30/2020	9,467	-3,577	-2,611	-1,592	N/A
6/30/2020	13,839	-1,952	-1,413	-214	N/A
3/31/2020	18,302	-10	793	2,060	N/A
12/31/2019	22,765	1,931	2,998	4,334	N/A
9/30/2019	22,096	1,659	1,647	3,077	N/A
6/30/2019	21,427	1,386	297	1,821	N/A
3/31/2019	20,314	1,227	-221	1,990	N/A
12/31/2018	19,201	1,068	-738	2,159	N/A
9/30/2018	17,880	1,412	873	4,775	N/A
6/30/2018	16,560	1,756	2,484	7,391	N/A
3/31/2018	15,520	2,038	N/A	7,275	N/A
12/31/2017	14,481	2,320	N/A	7,158	N/A
9/30/2017	14,612	2,663	N/A	5,606	N/A
6/30/2017	14,744	3,006	N/A	4,054	N/A
3/31/2017	14,826	3,021	N/A	3,408	N/A
12/31/2016	14,907	3,037	N/A	2,762	N/A
9/30/2016	15,014	2,874	N/A	3,107	N/A
6/30/2016	15,121	2,711	N/A	3,452	N/A
3/31/2016	16,146	2,912	N/A	3,331	N/A
12/31/2015	17,170	3,113	N/A	3,210	N/A
9/30/2015	19,052	3,742	N/A	2,950	N/A
6/30/2015	20,934	4,372	N/A	2,690	N/A
3/31/2015	23,194	5,039	N/A	3,945	N/A
12/31/2014	25,454	5,707	N/A	5,199	N/A
9/30/2014	26,314	5,801	N/A	6,081	N/A
6/30/2014	27,174	5,896	N/A	6,963	N/A
3/31/2014	26,451	5,615	N/A	7,245	N/A
12/31/2013	25,728	5,334	N/A	7,528	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2282's forecast earnings growth (6.5% per year) is above the savings rate (2.3%).

Earnings vs Market: 2282's earnings (6.5% per year) are forecast to grow slower than the Hong Kong market (11.5% per year).

High Growth Earnings: 2282's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2282's revenue (3% per year) is forecast to grow slower than the Hong Kong market (7.7% per year).

High Growth Revenue: 2282's revenue (3% per year) is forecast to grow slower 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 (90.7%).

MGM China Holdings Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

Investor sentiment deteriorates as stock falls 16%

Investor sentiment improves as stock rises 15%

First half 2024 earnings released: EPS: HK$0.71 (vs HK$0.22 in 1H 2023)

MGM China Holdings Limited Declares Special Dividend

Upcoming dividend of HK$0.35 per share

First half 2024 earnings released: EPS: HK$0.71 (vs HK$0.22 in 1H 2023)

MGM China Holdings Limited to Report First Half, 2024 Results on Aug 08, 2024

Upcoming dividend of HK$0.24 per share

MGM China Holdings Limited, Annual General Meeting, May 31, 2024

Upcoming dividend of HK$0.10 per share

MGM China Holdings Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 20 June 2024

Full year 2023 earnings released: EPS: HK$0.69 (vs HK$1.38 loss in FY 2022)

MGM China Holdings Limited to Report Fiscal Year 2023 Results on Mar 21, 2024

MGM China Holdings Limited to Report Fiscal Year 2023 Results on Feb 23, 2024

Now 22% undervalued after recent price drop

Now 20% undervalued

Now 22% undervalued

Now 21% undervalued

First half 2023 earnings released: EPS: HK$0.22 (vs HK$0.63 loss in 1H 2022)

MGM China Holdings Limited to Report Q2, 2023 Results on Aug 04, 2023

Mgm China Holdings Limited Announces Re-Designation of Mr. Kenneth Xiaofeng Feng as Non-Executive Director to Executive Director

MGM China Holdings Limited Announces Board Changes

Full year 2022 earnings released: HK$1.38 loss per share (vs HK$1.01 loss in FY 2021)

Less than half of directors are independent

First half 2022 earnings released

MGM China Holdings Limited to Report First Half, 2022 Results on Aug 04, 2022

MGM China Holdings Limited, Annual General Meeting, Jun 09, 2022

Less than half of directors are independent

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

MGM China Holdings Limited to Report Fiscal Year 2021 Results on Mar 10, 2022

Insider recently sold HK$1.5m worth of stock

Insider recently sold HK$408k worth of stock

First half 2021 earnings released: HK$0.46 loss per share (vs HK$0.75 loss in 1H 2020)

Insider recently sold HK$384k worth of stock

First half 2021 earnings released: HK$0.46 loss per share (vs HK$0.75 loss in 1H 2020)

Insider recently sold HK$710k worth of stock

Non-Executive Director James Freeman has left the company

Independent Non-Executive Director Sun Zhe has left the company

Full year 2020 earnings released: HK$1.37 loss per share (vs HK$0.51 profit in FY 2019)

Insider recently bought HK$168m worth of stock

Revenue beats expectations

Full year 2020 earnings released: HK$1.37 loss per share (vs HK$0.51 profit in FY 2019)

Insider recently bought HK$271m worth of stock

New 90-day high: HK$13.66

MGM China Holdings Limited to Report Fiscal Year 2020 Results on Feb 26, 2021

Insider recently bought HK$318m worth of stock

New 90-day high: HK$12.64

New 90-day high: HK$11.76

MGM China Holdings Limited Appoints Ayesha Khanna Molino as Member of the Nomination and Corporate Governance Committee and of the Audit Committee

Insider recently bought HK$128m worth of stock

First half earnings released

New 90-day high - HK$10.76

MGM China Holdings Limited Announces Not to Recommend an Interim Dividend Payment for the Six Months Ended June 30, 2020

First half earnings released

MGM China Holdings Limited to Report First Half, 2020 Results on Aug 06, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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