Studio City International Holdings Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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 MSC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MSC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MSC's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As MSC is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MSC. This is calculated by dividing MSC's market cap by their current revenue.
What is MSC's PS Ratio?
PS Ratio	2x
Sales	US$627.53m
Market Cap	US$1.35b

MSC 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/Revenue	5.5x
Enterprise Value/EBITDA	15.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MSC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.7x
NGMS NeoGames	5.2x	19.0%	US$998.2m
ACEL Accel Entertainment	0.8x	2.8%	US$958.5m
MLCO Melco Resorts & Entertainment	0.6x	7.3%	US$2.5b
GENI Genius Sports	4.2x	14.9%	US$1.9b
MSC Studio City International Holdings	2x	n/a	US$1.3b

Price-To-Sales vs Peers: MSC is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (2.7x).

Price to Sales Ratio vs Industry

How does MSC's PS Ratio compare vs other companies in the US Hospitality Industry?

29 Companies	Price / Sales	Estimated Growth	Market Cap
BLMN Bloomin' Brands	0.3x	-2.7%	US$1.12b
BALY Bally's	0.3x	2.2%	US$721.02m
TAST Carrols Restaurant Group	0.3x	2.9%	US$478.64m
CNTY Century Casinos	0.2x	5.9%	US$134.70m

29 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: MSC is expensive based on its Price-To-Sales Ratio (2x) compared to the US Hospitality industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is MSC'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.

MSC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate MSC's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.