MGM Resorts International MGM
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
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News
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Michael Burry's Scion dumps Alphabet and Amazon, buys shares of gold ETF
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Federal Government Backs Tourists in Atlantic City Casino Hotel Suit — Update
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Federal Government Backs Tourists in Atlantic City Casino Hotel Suit
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Why DraftKings made $8 million and BetMGM lost nearly $5 million on Super Bowl bets in New York
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MGM's hotels charged $1,000 a night on average for the Super Bowl, but the stock suffers a hangover
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Michael Burry's Scion Asset Management scoops up shares of Alphabet, Amazon
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Marriott and Hilton added thousands of hotel rooms in 2023 amid travel rebound
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Michael Burry of 'Big Short' fame is betting against high-flying semiconductor stocks
Trading Information
- Previous Close Price
- $650.00
- Day Range
- $673.50–673.50
- 52-Week Range
- $623.88–855.60
- Bid/Ask
- $655.00 / $718.00
- Market Cap
- $211.26 Bil
- Volume/Avg
- 1,861 / 192
Key Statistics
- Price/Earnings (Normalized)
- 12.49
- Price/Sales
- 0.78
- Dividend Yield (Trailing)
- —
- Dividend Yield (Forward)
- —
- Total Yield
- 19.50%
Company Profile
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
- Sector
- Consumer Cyclical
- Industry
- Resorts & Casinos
- Stock Style Box
- Mid Core
- Total Number of Employees
- 63,000
- Website
- https://www.mgmresorts.com
Competitors
Valuation
|
Metric
|
MGM
|
WYNN
|
DKNG
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.49 | 17.57 | 326.91 |
Price/Book Value | 3.60 | — | 20.60 |
Price/Sales | 0.78 | 1.53 | 4.13 |
Price/Cash Flow | 4.89 | 7.29 | 166.30 |
Price/Earnings
MGM
WYNN
DKNG
Financial Strength
|
Metric
|
MGM
|
WYNN
|
DKNG
|
|---|---|---|---|
Quick Ratio | 1.23 | 1.35 | 1.05 |
Current Ratio | 1.51 | 1.43 | 1.34 |
Interest Coverage | 3.66 | 1.41 | −316.16 |
Quick Ratio
MGM
WYNN
DKNG
Profitability
|
Metric
|
MGM
|
WYNN
|
DKNG
|
|---|---|---|---|
Return on Assets (Normalized) | 3.03% | 8.85% | −5.42% |
Return on Equity (Normalized) | 31.53% | — | −22.77% |
Return on Invested Capital (Normalized) | 4.74% | 13.75% | −11.27% |
Return on Assets
MGM
WYNN
DKNG
Resorts & Casinos Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
LVS
| Las Vegas Sands Corp | Wbkzlwbxw | Dzzhcq | $32.8 Bil | |
GXYYY
| Galaxy Entertainment Group Ltd ADR | — | Xbwnyp | $21.7 Bil | |
GXYEF
| Galaxy Entertainment Group Ltd | — | Zgfpnmk | $21.4 Bil | |
SCHYY
| Sands China Ltd ADR | — | Rvfdlyr | $19.8 Bil | |
SCHYF
| Sands China Ltd Shs Unitary 144A/Reg S | — | Fhkkgd | $19.3 Bil | |
MGM
| MGM Resorts International | Rnqmdkqr | Hwcp | $12.1 Bil | |
WYNN
| Wynn Resorts Ltd | Mbwyqfcxb | Cnhskn | $10.5 Bil | |
CZR
| Caesars Entertainment Inc | Vrpfkykvx | Bfwfg | $6.9 Bil | |
MLCO
| Melco Resorts and Entertainment Ltd ADR | Wclcdvc | Wtfqfgc | $3.4 Bil | |
PENN
| PENN Entertainment Inc | Wlbkmhsr | Vvlt | $2.3 Bil |