Melco International Development Limited

SZSC:200 Stock Report

Market Cap: HK$7.8b

Melco International Development Valuation

Is 200 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 200 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 200 (HK$5.16) is trading below our estimate of fair value (HK$7.91)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 200?

Other financial metrics that can be useful for relative valuation.

200 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/Revenue2.1x
Enterprise Value/EBITDA9.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 200's PS Ratio compare to its peers?

The above table shows the PS ratio for 200 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.2x
2536 Palasino Holdings
6.7xn/aHK$3.8b
880 SJM Holdings
0.8x8.3%HK$20.8b
3918 NagaCorp
4x10.5%HK$16.4b
1128 Wynn Macau
1.2x6.6%HK$35.3b
200 Melco International Development
0.2x7.1%HK$7.8b

Price-To-Sales vs Peers: 200 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (3.2x).


Price to Earnings Ratio vs Industry

How does 200'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 CompaniesPS048121620

Fetching data

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

Price-To-Sales vs Industry: 200 is good value based on its Price-To-Sales Ratio (0.2x) compared to the Hong Kong Hospitality industry average (0.8x).


Price to Sales Ratio vs Fair Ratio

What is 200's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

200 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio1.7x

Price-To-Sales vs Fair Ratio: 200 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (1.7x).


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 200 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$5.16
HK$6.03
+16.8%
19.6%HK$7.60HK$4.00n/a7
Oct ’25HK$5.17
HK$6.06
+17.2%
24.0%HK$8.30HK$3.50n/a7
Sep ’25HK$4.14
HK$6.33
+52.9%
25.9%HK$8.30HK$3.50n/a7
Aug ’25HK$4.57
HK$7.14
+56.3%
17.2%HK$8.30HK$5.00n/a7
Jul ’25HK$5.25
HK$7.17
+36.6%
17.5%HK$8.40HK$5.00n/a7
Jun ’25HK$6.16
HK$7.10
+15.3%
17.4%HK$8.40HK$5.00n/a7
May ’25HK$5.93
HK$6.93
+16.9%
20.9%HK$8.40HK$4.50n/a6
Apr ’25HK$4.91
HK$7.00
+42.6%
15.7%HK$8.30HK$5.50n/a6
Mar ’25HK$5.05
HK$7.00
+38.6%
15.7%HK$8.30HK$5.50n/a6
Feb ’25HK$5.43
HK$7.73
+42.4%
16.9%HK$9.90HK$5.50n/a6
Jan ’25HK$5.47
HK$7.92
+44.7%
14.7%HK$9.90HK$6.20n/a6
Dec ’24HK$5.22
HK$9.42
+80.4%
23.9%HK$13.60HK$6.20n/a6
Nov ’24HK$5.40
HK$10.46
+93.7%
21.0%HK$13.60HK$7.00n/a5
Oct ’24HK$6.28
HK$11.12
+77.1%
16.5%HK$13.60HK$8.30HK$5.175
Sep ’24HK$7.08
HK$12.05
+70.2%
9.6%HK$13.60HK$9.90HK$4.146
Aug ’24HK$8.30
HK$11.98
+44.4%
8.9%HK$13.20HK$9.90HK$4.576
Jul ’24HK$7.28
HK$12.48
+71.5%
12.4%HK$15.00HK$9.90HK$5.256
Jun ’24HK$7.23
HK$11.96
+65.4%
13.7%HK$15.00HK$9.90HK$6.167
May ’24HK$9.06
HK$11.84
+30.7%
13.3%HK$15.00HK$9.90HK$5.937
Apr ’24HK$9.15
HK$11.86
+29.6%
16.7%HK$15.00HK$8.60HK$4.917
Mar ’24HK$10.42
HK$11.73
+12.5%
15.9%HK$15.00HK$8.60HK$5.058
Feb ’24HK$10.66
HK$11.20
+5.1%
21.2%HK$15.00HK$7.30HK$5.438
Jan ’24HK$8.46
HK$8.71
+3.0%
24.9%HK$11.30HK$5.20HK$5.478
Dec ’23HK$6.55
HK$8.35
+27.5%
24.1%HK$11.30HK$5.20HK$5.228
Nov ’23HK$4.58
HK$8.30
+81.2%
24.0%HK$11.30HK$5.20HK$5.408
Oct ’23HK$6.10
HK$8.41
+37.8%
23.1%HK$11.30HK$5.10HK$6.288

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies