Benefiting from a higher VIP win-rate, MGM China's third-quarter gross gaming revenue, or GGR, and adjusted EBITDA both rose 3% quarter-on-quarter, with GGR market share expanding to a record level of 17.1%.
Macao's gaming sector is well positioned to benefit from China's reopening, which will allow the sector to meaningfully restore its profitability.
Intensifying competition among Macao casinos leads to increased promotional and operating expanses, pressuring margins and profitability.
|
Metric
|
02282
|
00880
|
MLCO
|
|---|---|---|---|
Price/Earnings (Normalized) | 7.44 | — | 6.57 |
Price/Book Value | 9.38 | 0.64 | 170.75 |
Price/Sales | 0.98 | 0.55 | 0.32 |
Price/Cash Flow | 5.23 | 4.66 | 1.96 |
|
Metric
|
02282
|
00880
|
MLCO
|
|---|---|---|---|
Quick Ratio | 0.49 | 0.32 | 0.97 |
Current Ratio | 0.51 | 0.46 | 1.03 |
Interest Coverage | 5.01 | 0.69 | 1.38 |
|
Metric
|
02282
|
00880
|
MLCO
|
|---|---|---|---|
Return on Assets (Normalized) | 15.90% | −1.16% | 3.26% |
Return on Equity (Normalized) | 166.12% | −4.41% | — |
Return on Invested Capital (Normalized) | 25.63% | 1.87% | 9.33% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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LVS
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SCHYY
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United States