MGM Resorts International (MGM)

NYSE: MGM · IEX Real-Time Price · USD
47.21
+0.61 (1.31%)
At close: Mar 28, 2024, 4:00 PM
47.20
-0.01 (-0.02%)
After-hours: Mar 28, 2024, 7:57 PM EDT

Total Valuation

MGM has a market cap or net worth of $14.97 billion. The enterprise value is $43.57 billion.

Market Cap 14.97B
Enterprise Value 43.57B

Important Dates

The next confirmed earnings date is Wednesday, May 1, 2024, after market close.

Earnings Date May 1, 2024
Ex-Dividend Date n/a

Share Statistics

MGM has 317.02 million shares outstanding. The number of shares has decreased by -13.16% in one year.

Shares Outstanding 317.02M
Shares Change (YoY) -13.16%
Shares Change (QoQ) -3.25%
Owned by Insiders (%) 21.21%
Owned by Institutions (%) 69.81%
Float 251.51M

Valuation Ratios

The trailing PE ratio is 14.80 and the forward PE ratio is 19.19. MGM's PEG ratio is 19.35.

PE Ratio 14.80
Forward PE 19.19
PS Ratio 0.93
Forward PS 0.89
PB Ratio 3.93
P/FCF Ratio 6.73
PEG Ratio 19.35
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 14.10, with an EV/FCF ratio of 19.58.

EV / Earnings 38.15
EV / Sales 2.70
EV / EBITDA 14.10
EV / EBIT 24.75
EV / FCF 19.58

Financial Position

The company has a current ratio of 1.57, with a Debt / Equity ratio of 8.27.

Current Ratio 1.57
Quick Ratio 1.23
Debt / Equity 8.27
Debt / EBITDA 10.20
Debt / FCF 14.17
Interest Coverage 3.82

Financial Efficiency

Return on equity (ROE) is 26.80% and return on invested capital (ROIC) is 4.86%.

Return on Equity (ROE) 26.80%
Return on Assets (ROA) 2.70%
Return on Capital (ROIC) 4.86%
Revenue Per Employee $212,687
Profits Per Employee $15,029
Employee Count 76,000
Asset Turnover 0.38
Inventory Turnover 63.89

Taxes

In the past 12 months, MGM has paid $157.84 million in taxes.

Income Tax 157.84M
Effective Tax Rate 12.14%

Stock Price Statistics

The stock price has increased by +12.92% in the last 52 weeks. The beta is 2.19, so MGM's price volatility has been higher than the market average.

Beta (1Y) 2.19
52-Week Price Change +12.92%
50-Day Moving Average 43.70
200-Day Moving Average 42.41
Relative Strength Index (RSI) 75.00
Average Volume (30 Days) 4,085,852

Short Selling Information

The latest short interest is 13.69 million, so 4.32% of the outstanding shares have been sold short.

Short Interest 13.69M
Short Previous Month 11.30M
Short % of Shares Out 4.32%
Short % of Float 5.44%
Short Ratio (days to cover) 3.71

Income Statement

In the last 12 months, MGM had revenue of $16.16 billion and earned $1.14 billion in profits. Earnings per share was $3.19.

Revenue 16.16B
Gross Profit 7.61B
Operating Income 1.95B
Pretax Income 1.30B
Net Income 1.14B
EBITDA 3.09B
EBIT 1.76B
Earnings Per Share (EPS) $3.19
Full Income Statement

Balance Sheet

The company has $2.93 billion in cash and $31.53 billion in debt, giving a net cash position of -$28.60 billion or -$90.23 per share.

Cash & Cash Equivalents 2.93B
Total Debt 31.53B
Net Cash -28.60B
Net Cash Per Share -$90.23
Equity / Book Value 3.81B
Book Value Per Share 12.02
Working Capital 1.78B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $2.69 billion and capital expenditures -$465.99 million, giving a free cash flow of $2.22 billion.

Operating Cash Flow 2.69B
Capital Expenditures -465.99M
Free Cash Flow 2.22B
FCF Per Share $6.27
Full Cash Flow Statement

Margins

Gross margin is 47.08%, with operating and profit margins of 12.09% and 7.07%.

Gross Margin 47.08%
Operating Margin 12.09%
Pretax Margin 8.04%
Profit Margin 7.07%
EBITDA Margin 19.12%
EBIT Margin 10.89%
FCF Margin 13.76%

Dividends & Yields

MGM does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield 13.16%
Shareholder Yield 13.16%
Earnings Yield 7.63%
FCF Yield 14.87%
Dividend Details

Analyst Forecast

The average price target for MGM is $55.29, which is 17.12% higher than the current price. The consensus rating is "Buy".

Price Target $55.29
Price Target Difference 17.12%
Analyst Consensus Buy
Analyst Count 14
Revenue Growth Forecast (5Y) 2.50%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on May 19, 2005. It was a forward split with a ratio of 2:1.

Last Split Date May 19, 2005
Split Type Forward
Split Ratio 2:1

Scores

MGM has an Altman Z-Score of 0.93 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.93
Piotroski F-Score 7