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MGM Resorts International Stock Research

MGM

44.42USD+1.09(+2.52%)Market Closed

Market Summary

USD44.42+1.09
Market Closed
2.52%

MGM Alerts

MGM Stock Price

MGM RSI Chart

MGM Valuation

Market Cap

16.8B

Price/Earnings (Trailing)

11.43

Price/Sales (Trailing)

1.28

EV/EBITDA

3.91

Price/Free Cashflow

16.99

MGM Price/Sales (Trailing)

MGM Profitability

EBT Margin

6.88%

Return on Equity

30.49%

Return on Assets

3.22%

Free Cashflow Yield

5.89%

MGM Fundamentals

MGM Revenue

Revenue (TTM)

13.1B

Revenue Y/Y

17.51%

Revenue Q/Q

5.16%

MGM Earnings

Earnings (TTM)

1.5B

Earnings Y/Y

116.77%

Earnings Q/Q

149.23%

Price Action

52 Week Range

26.4146.24
(Low)(High)

Last 7 days

8.1%

Last 30 days

0.1%

Last 90 days

32.5%

Trailing 12 Months

5.9%

MGM Financial Health

Current Ratio

1.81

Debt/Equity

1.77

Debt/Cashflow

0.21

MGM Investor Care

Dividend Yield

0.02%

Dividend/Share (TTM)

0.01

Buy Backs (1Y)

16.46%

Diluted EPS (TTM)

3.49

Peers (Alternatives to MGM Resorts International)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.6B
20.8B
-2.01% -4.94%
21.87
2.48
49.91% 114.56%
16.8B
13.1B
0.09% 5.94%
11.43
1.28
35.61% 17.44%
12.7B
3.8B
-0.28% 40.34%
-29.93
3.38
-0.18% 43.92%
MID-CAP
9.6B
1.8B
4.67% 15.90%
21.88
5.31
13.31% 76.40%
9.4B
2.8B
-0.64% -8.63%
28.08
3.34
29.86% 54.02%
6.9B
1.5B
-12.23% -19.52%
19.42
4.6
-4.28% 45.49%
4.7B
6.4B
-3.23% -30.08%
21.05
0.73
8.41% -47.22%
4.1B
1.7B
-5.73% -17.64%
14.14
2.38
15.13% 13.52%
2.5B
1.8B
-1.74% -16.62%
8.08
1.37
35.81% 734.13%
2.2B
1.4B
-0.19% -38.60%
20.4
1.64
-9.26% -16.16%
SMALL-CAP
1.4B
477.9M
-0.46% -14.99%
16.18
2.96
20.86% 27.73%
1.3B
431.2M
-12.28% 119.00%
28.29
2.96
65.06% 370.62%
1.2B
1.1B
5.33% -25.07%
14.89
1.09
2.30% -49.10%
248.7M
176.3M
-26.00% -24.77%
-89.66
1.31
3.79% -127.31%
218.9M
434.1M
-20.50% -38.66%
13.7
0.5
18.60% -31.64%

Financials for MGM Resorts International

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue4.3%13,12712,59211,88410,8879,680
  S&GA Expenses12.2%4,2273,7653,1762,7382,507
Costs and Expenses8.2%11,52810,6547,0598,3197,486
EBITDA21.4%4,9814,1025,8573,770-
EBITDA Margin16.5%0.38*0.33*0.50*0.35*-
Earnings Before Taxes-16.7%9041,0853,8921,8211,462
EBT Margin-20.1%0.07*0.09*0.33*0.17*-
Interest Expenses-9.8%595659734800800
Net Income11.6%1,4731,3203,2471,5681,254
Net Income Margin7.0%0.11*0.10*0.28*0.14*-
Free Cahsflow-17.0%9911,1951,3941,368-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-3.5%45,69247,33048,43238,65040,899
  Current Assets-7.2%8,1558,7839,1674,5156,416
    Cash Equivalents11.6%5,9125,2955,7842,7194,703
  Inventory11.2%12611311510296.00
  Net PPE2.6%5,2245,0895,02814,14514,435
  Goodwill1644.1%5,0292884,7063,4753,481
  Current Liabilities-23.4%4,5165,8965,5453,6003,442
  Long Term Debt2.4%8,5618,35711,75712,771-
    LT Debt, Current-4.8%1,2861,3511,2501,2501,000
    LT Debt, Non Current3.1%7,4337,2107,10710,50711,771
Shareholder's Equity-0.2%4,8324,8427,1989,8806,071
  Retained Earnings-1.6%4,7944,8725,7474,3214,341
  Additional Paid-In CapitalNaN%---7621,750
Accumulated Depreciation-8,179----
Shares Outstanding-2.5%379389398431454
Minority Interest-61.5%3799831,4644,8144,906
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-3.5%1,7561,8201,9381,8821,373
  Share Based Compensation-1.8%71.0073.0076.0072.0065.00
Cashflow From Investing46.2%2,1181,4494,0441,4611,544
Cashflow From Financing13.6%-3,024-3,501-5,783-6,293-2,814
  Dividend Payments-4.6%4.004.004.005.005.00
  Buy Backs-11.9%2,7753,1503,5302,6361,754

Risks for MGM

What is the probability of a big loss on MGM?

79.2%


Probability that MGM Resorts International stock will be more than 20% underwater in next one year

47.7%


Probability that MGM Resorts International stock will be more than 30% underwater in next one year.

28.1%


Probability that MGM Resorts International stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MGM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if MGM Resorts International was unfortunately bought at previous high price.

Drawdowns

Returns for MGM

Cumulative Returns on MGM

14.2%


10-Year Cumulative Returns

11.5%


7-Year Cumulative Returns

5.7%


5-Year Cumulative Returns

55.6%


3-Year Cumulative Returns

What are the long-term rolling returns for MGM?

FIve years rolling returns for MGM Resorts International.

Annualized Returns

Which funds bought or sold MGM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-29
Diametric Capital, LP
added
16.19
1,304,880
5,502,880
2.65%
2023-03-27
Neo Ivy Capital Management
sold off
-100
-42,000
-
-%
2023-03-23
MetLife Investment Management, LLC
reduced
-3.88
217,378
2,792,380
0.02%
2023-03-17
American Portfolios Advisors
reduced
-0.46
9,464
441,254
0.02%
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-3.39
20,726
257,726
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
19.26
1,463,060
5,696,060
0.01%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-2.16
169,000
1,798,000
0.01%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-37.00
-6,698
17,302
0.01%
2023-02-28
Voya Investment Management LLC
reduced
-0.11
15,258,800
135,433,000
0.19%
2023-02-27
ST GERMAIN D J CO INC
new
-
23,471
23,471
0.01%

1–10 of 45

Latest Funds Activity

Are funds buying MGM calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own MGM
No. of Funds

MGM Resorts International News

Casino.Org News

Caesars Was The Top Performer In The S&P 500 This Week.

Casino.Org News,
5 hours ago

World Casino Directory

$666 Million Profit Loss reported in 2022 For MGM.

World Casino Directory,
10 hours ago

Casino City Times

Marketscreener.com

Las Vegas Magazine

Marketscreener.com

Schedule 13G FIlings of MGM Resorts International

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
t. rowe price investment management, inc.
5.5%
21,276,150
SC 13G
Feb 09, 2023
vanguard group inc
8.87%
34,064,558
SC 13G/A
Feb 01, 2023
blackrock inc.
5.7%
21,975,943
SC 13G/A
Aug 26, 2022
iac inc.
16.5%
64,723,602
SC 13D/A
Feb 16, 2022
iac/interactivecorp
13.7%
63,533,902
SC 13D/A
Feb 10, 2022
vanguard group inc
8.98%
42,100,501
SC 13G/A
Feb 01, 2022
blackrock inc.
5.5%
25,615,689
SC 13G/A
Feb 16, 2021
capital world investors
0.0%
0
SC 13G/A
Feb 10, 2021
vanguard group inc
8.78%
43,381,150
SC 13G/A
Jan 29, 2021
blackrock inc.
5.7%
28,373,425
SC 13G/A

MGM Fair Value

MGM Resorts International fair value in different scenarios

The table shows the Fair Value estimates for MGM Resorts International for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

35.77

-19.47%

44.17

-0.56%

68.90

55.11%

107.45

141.90%

156.99

253.42%
Current Inflation

33.22

-25.21%

40.54

-8.73%

61.65

38.79%

94.48

112.70%

136.65

207.63%
Very High Inflation

30.03

-32.40%

36.06

-18.82%

52.99

19.29%

79.30

78.52%

113.06

154.52%

Historical MGM Resorts International Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of MGM Resorts International

View All Filings
Date Filed Form Type Document
Mar 23, 2023
ARS
ARS
Mar 23, 2023
DEF 14A
DEF 14A
Mar 23, 2023
DEFA14A
DEFA14A
Mar 02, 2023
3
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
8-K
Current Report

Latest Insider Trading transactions for MGM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
Mckinney-James Rose
sold
-124,070
43.23
-2,870
-
2023-02-27
McManus John
sold (taxes)
-3,769
42.84
-88.00
chief legal admin ofc and secy
2023-02-27
McManus John
acquired
-
-
237
chief legal admin ofc and secy
2023-02-27
HORNBUCKLE WILLIAM
sold (taxes)
-72,999
42.84
-1,704
ceo and president
2023-02-27
SANDERS COREY IAN
sold (taxes)
-65,159
42.84
-1,521
chief operating officer
2023-02-27
HORNBUCKLE WILLIAM
acquired
-
-
4,604
ceo and president
2023-02-27
SANDERS COREY IAN
acquired
-
-
4,110
chief operating officer
2023-02-24
HORNBUCKLE WILLIAM
acquired
-
-
5,658
ceo and president
2023-02-24
HORNBUCKLE WILLIAM
sold (taxes)
-89,204
42.6
-2,094
ceo and president
2023-02-24
Halkyard Jonathan S
sold (taxes)
-45,880
42.6
-1,077
chief financial officer

1–10 of 50

William J. Hornbuckle
59000
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

MGM Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Total revenue$ 13,127,485$ 9,680,140$ 5,162,082
Expenses   
General and administrative4,226,6172,507,2392,122,333
Corporate expense479,118422,777460,148
Preopening and start-up expenses1,8765,09484
Property transactions, net(1,036,997)(67,736)93,567
Gain on REIT transactions, net(2,277,747)0(1,491,945)
Gain on consolidation of CityCenter, net0(1,562,329)0
Depreciation and amortization3,482,0501,150,6101,210,556
Total expenses11,527,9007,486,2645,847,454
Income (loss) from unconsolidated affiliates(160,213)84,82342,938
Operating income (loss)1,439,3722,278,699(642,434)
Non-operating income (expense)   
Interest expense, net of amounts capitalized(594,954)(799,593)(676,380)
Non-operating items from unconsolidated affiliates(23,457)(83,243)(103,304)
Other, net82,83865,941(89,361)
Total non-operating income (expense)(535,573)(816,895)(869,045)
Income (loss) before income taxes903,7991,461,804(1,511,479)
Benefit (provision) for income taxes(697,068)(253,415)191,572
Net income (loss)206,7311,208,389(1,319,907)
Less: Net loss attributable to noncontrolling interests1,266,36245,981287,183
Net income (loss) attributable to MGM Resorts International$ 1,473,093$ 1,254,370$ (1,032,724)
Earnings (loss) per share   
Basic (in dollars per share)$ 3.52$ 2.44$ (2.02)
Diluted (in dollars per share)$ 3.49$ 2.41$ (2.02)
Weighted average common shares outstanding   
Basic (in shares)409,201481,930494,152
Diluted (in shares)412,993487,356494,152
Casino   
Revenues   
Total revenue$ 5,734,173$ 5,362,912$ 2,871,720
Expenses   
Expenses2,746,5762,551,1691,701,783
Rooms   
Revenues   
Total revenue3,057,1451,690,037830,382
Expenses   
Expenses937,272600,942419,156
Food and beverage   
Revenues   
Total revenue2,604,2381,391,605696,040
Expenses   
Expenses1,905,6251,034,780674,118
Entertainment, retail and other   
Revenues   
Total revenue1,686,2361,009,503518,991
Expenses   
Expenses1,017,817617,635412,705
Reimbursed costs   
Revenues   
Total revenue45,693226,083244,949
Expenses   
Expenses$ 45,693$ 226,083$ 244,949

MGM Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 5,911,893$ 4,703,059
Restricted cash0500,000
Accounts receivable, net852,149583,915
Inventories126,06596,374
Income tax receivable73,016273,862
Prepaid expenses and other583,132258,972
Assets held for sale608,4370
Total current assets8,154,6926,416,182
Property and equipment, net5,223,92814,435,493
Other assets  
Investments in and advances to unconsolidated affiliates173,039967,044
Goodwill5,029,3123,480,997
Other intangible assets, net1,551,2523,616,385
Operating lease right-of-use assets, net24,530,92911,492,805
Other long-term assets, net1,029,054490,210
Total other assets32,313,58620,047,441
Total assets45,692,20640,899,116
Current liabilities  
Accounts and construction payable369,817286,196
Current portion of long-term debt1,286,4731,000,000
Accrued interest on long-term debt83,451172,624
Other accrued liabilities2,236,3231,983,444
Liabilities related to assets held for sale539,8280
Total current liabilities4,515,8923,442,264
Deferred income taxes, net2,969,4432,439,364
Long-term debt, net7,432,81711,770,797
Operating lease liabilities25,149,29911,802,464
Other long-term obligations256,282319,914
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests158,350147,547
Stockholders' equity  
Common stock, $0.01 par value: authorized 1,000,000,000 shares, issued and outstanding 379,087,524 and 453,803,759 shares3,7914,538
Capital in excess of par value01,750,135
Retained earnings4,794,2394,340,588
Accumulated other comprehensive income (loss)33,499(24,616)
Total MGM Resorts International stockholders' equity4,831,5296,070,645
Noncontrolling interests378,5944,906,121
Total stockholders' equity5,210,12310,976,766
Total liabilities and stockholders' equity$ 45,692,206$ 40,899,116