SJM's second-quarter performance weakened sequentially as costs rose. Gross gaming revenue fell 3% quarter-on-quarter, while adjusted EBITDA plunged 15%, squeezing the adjusted EBITDA margin by 1.8 percentage points to 13.8%.
Macao's gaming sector is well positioned to benefit from gaming demand recovery in Macao, which will allow the sector to restore its profitability meaningfully.
Intensifying competition among Macao casinos leads to increased promotional and operating expenses, pressuring margins and profitability.
|
Metric
|
00880
|
MLCO
|
00027
|
|---|---|---|---|
Price/Earnings (Normalized) | — | 8.69 | 13.68 |
Price/Book Value | 0.77 | 225.79 | 1.75 |
Price/Sales | 0.62 | 0.42 | 2.96 |
Price/Cash Flow | 6.07 | 2.60 | 11.00 |
|
Metric
|
00880
|
MLCO
|
00027
|
|---|---|---|---|
Quick Ratio | 0.21 | 0.97 | 1.53 |
Current Ratio | 0.27 | 1.03 | 1.56 |
Interest Coverage | 0.78 | 1.38 | 61.96 |
|
Metric
|
00880
|
MLCO
|
00027
|
|---|---|---|---|
Return on Assets (Normalized) | −0.82% | 3.26% | 11.36% |
Return on Equity (Normalized) | −2.98% | — | 13.77% |
Return on Invested Capital (Normalized) | 2.19% | 9.33% | 11.93% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Melco Resorts and Entertainment Ltd ADR
MLCO
| LOCK|@%Mbg<j | LOCK|#^#@ | — | |||
| Las Vegas Sands Corp
LVS
| LOCK|<vr&LZtH | LOCK|kY&lk | $29B | |||
| Galaxy Entertainment Group Ltd ADR
GXYYY
| — | LOCK|Lq@& | $19B | |||
| Galaxy Entertainment Group Ltd
GXYEF
| — | LOCK|zwbH | $19B | |||
| Sands China Ltd Shs Unitary 144A/Reg S
SCHYF
| — | LOCK|S&$F | $15B | |||
| Sands China Ltd ADR
SCHYY
| — | LOCK|^#&> | $15B | |||
| MGM Resorts International
MGM
| LOCK|%%X@#m | LOCK|L>n | $10B | |||
| Wynn Resorts Ltd
WYNN
| LOCK|@Cnps@ | LOCK|&Cz$ | $9B | |||
| Caesars Entertainment Inc
CZR
| LOCK|h!Gdd#sf | LOCK|!? | $6B | |||
| PENN Entertainment Inc
PENN
| LOCK|^F>j>#f | LOCK|&t | $2B |
United States