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MGM Resorts International Stock Research

MGM

36.54USD-0.49(-1.32%)Market Closed
Watchlist

Market Summary

USD36.54-0.49
Market Closed
-1.32%

MGM Alerts

  • Big fall in earnings (Y/Y)

MGM Stock Price

MGM RSI Chart

MGM Valuation

Market Cap

12.9B

Price/Earnings (Trailing)

34.4

Price/Sales (Trailing)

0.87

EV/EBITDA

2.63

Price/Free Cashflow

10.9

MGM Price/Sales (Trailing)

MGM Profitability

EBT Margin

11.46%

Return on Equity

40.46%

Return on Assets

4.5%

Free Cashflow Yield

9.18%

MGM Fundamentals

MGM Revenue

Revenue (TTM)

14.8B

Revenue Y/Y

20.75%

Revenue Q/Q

1.78%

MGM Earnings

Earnings (TTM)

374.8M

Earnings Y/Y

-88.74%

Earnings Q/Q

-56.99%

Price Action

52 Week Range

29.2051.35
(Low)(High)

Last 7 days

-11.0%

Last 30 days

-15.2%

Last 90 days

-11.7%

Trailing 12 Months

19.4%

MGM Financial Health

Current Ratio

2.19

Debt/Equity

1.77

Debt/Cashflow

0.21

MGM Investor Care

Dividend Yield

0.02%

Dividend/Share (TTM)

0.01

Buy Backs (1Y)

15.48%

Diluted EPS (TTM)

1.04

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for MGM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-18
Meinert Todd
acquired
-
-
2,350
svp & chief accounting officer
2023-08-18
SANDERS COREY IAN
acquired
-
-
158,186
chief operating officer
2023-08-18
McManus John
sold (taxes)
-1,230,340
42.54
-28,922
chief legal admin ofc and secy
2023-08-18
SANDERS COREY IAN
acquired
-
-
20,300
chief operating officer
2023-08-18
HORNBUCKLE WILLIAM
acquired
-
-
297,764
ceo and president
2023-08-18
HORNBUCKLE WILLIAM
acquired
-
-
38,212
ceo and president
2023-08-18
McManus John
acquired
-
-
8,358
chief legal admin ofc and secy
2023-08-18
Meinert Todd
sold (taxes)
-24,375
42.54
-573
svp & chief accounting officer
2023-08-18
SANDERS COREY IAN
sold (taxes)
-2,987,880
42.54
-70,237
chief operating officer
2023-08-18
McManus John
acquired
-
-
65,135
chief legal admin ofc and secy

1–10 of 50

Which funds bought or sold MGM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Baystate Wealth Management LLC
unchanged
-
-170
14,940
-%
2023-09-20
BARCLAYS PLC
added
55.45
35,142,000
100,584,000
0.06%
2023-09-12
Farther Finance Advisors, LLC
reduced
-75.17
-96,393
31,359
0.01%
2023-09-12
Prosperity Financial Group, Inc.
added
5.94
17,287
381,709
0.34%
2023-09-07
ST GERMAIN D J CO INC
new
-
30,744
30,744
-%
2023-08-28
DT Investment Partners, LLC
unchanged
-
1,245
15,610
-%
2023-08-24
Alberta Investment Management Corp
unchanged
-
-2,350
206,424
-%
2023-08-23
Stonebridge Capital Advisors LLC
unchanged
-
-152
13,396
-%
2023-08-23
Rehmann Capital Advisory Group
reduced
-8.75
-42,635
393,386
0.04%
2023-08-23
WOLVERINE TRADING, LLC
reduced
-49.28
-3,031,990
3,074,010
-%

1–10 of 48

Latest Funds Activity

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

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

Recent SEC filings of MGM Resorts International

View All Filings
Date Filed Form Type Document
Sep 13, 2023
8-K
Current Report
Aug 22, 2023
4
Insider Trading
Aug 22, 2023
4
Insider Trading
Aug 22, 2023
4
Insider Trading
Aug 22, 2023
4
Insider Trading
Aug 10, 2023
4
Insider Trading
Aug 10, 2023
4
Insider Trading
Aug 10, 2023
4
Insider Trading
Aug 07, 2023
144
Notice of Insider Sale Intent
Aug 07, 2023
144
Notice of Insider Sale Intent

MGM Fair Value

Loading...

Peers (Alternatives to MGM Resorts International)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
60.2B
22.9B
-4.37% 39.07%
21.97
2.71
27.87% 59.84%
12.9B
14.8B
-15.20% 19.38%
34.4
0.87
24.74% -88.46%
10.4B
4.9B
-4.70% 52.12%
1.5K
2.12
26.04% 101.07%
MID-CAP
10.0B
2.9B
8.11% 16.44%
34.79
3.47
17.20% -8.79%
8.7B
2.2B
-7.39% 25.81%
24.37
3.97
28.56% -26.62%
7.7B
1.4B
-3.38% 18.69%
24.32
5.34
-12.16% -16.00%
3.4B
6.6B
-1.84% -16.41%
4.63
0.52
4.51% 252.90%
3.0B
1.7B
-5.73% -4.82%
11.83
1.72
4.65% -9.64%
2.4B
1.8B
1.24% -2.80%
9.26
1.33
4.78% 218.46%
2.0B
1.4B
10.48% 24.12%
25.1
1.46
-10.34% -40.81%
SMALL-CAP
1.5B
603.5M
-2.84% 17.93%
10.62
2.48
67.23% 329.24%
1.2B
494.6M
-6.17% 12.68%
13.4
2.44
10.82% 12.88%
1.0B
1.1B
-2.25% 0.93%
20.44
0.89
-0.35% -53.55%
162.9M
461.6M
-17.00% -20.44%
-37.88
0.35
5.35% -117.72%
149.4M
187.0M
-8.28% -26.41%
-5.42
0.8
6.04% -608.56%

MGM Resorts International News

MarketBeat
MGM Resorts International (NYSE:MGM) Stake Raised by Merrion ....
MarketBeat,
4 hours ago
Marketscreener.com

Returns for MGM

Cumulative Returns on MGM

6.7%


10-Year Cumulative Returns

6.0%


7-Year Cumulative Returns

5.8%


5-Year Cumulative Returns

19.1%


3-Year Cumulative Returns

Risks for MGM

What is the probability of a big loss on MGM?

75.4%


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

48.9%


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

Financials for MGM Resorts International

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue4.8%14,82414,14613,12712,59211,88410,8879,6808,1176,5354,5575,1626,8549,04211,97612,90012,76712,48212,11811,76311,30811,109
Costs and Expenses22.9%14,62011,89411,52810,6547,0598,3197,4866,6587,4506,6795,8474,2385,7097,2719,07911,58611,12810,79210,44110,0949,815
  S&GA Expenses2.5%4,7014,5854,2273,7653,1762,7382,5072,2912,2112,0942,1222,1492,1002,1502,1011,9891,9581,8721,7651,7341,673
EBITDA-100.0%-5,5474,9814,1025,8573,7703,4122,691381-9813753,6054,3525,7414,999------
EBITDA Margin-100.0%-0.39*0.38*0.33*0.50*0.35*0.35*0.33*0.06*-0.22*0.07*0.53*0.48*0.48*0.39*------
Interest Expenses-4.7%505529595659734800800787761715676688730789848862852818770712670
Earnings Before Taxes-118.0%-2921,6219041,0853,8921,8211,462752-1,547-2,878-1,5111,6742,3513,6462,847323515591634577677
EBT Margin-100.0%-0.11*0.07*0.09*0.33*0.17*0.15*0.09*-0.24*-0.63*-0.29*0.24*0.26*0.30*0.22*------
Net Income-80.9%3751,9581,4731,3203,2471,5681,254676-1,209-2,171-1,0321,4261,9242,8252,04914.001942754671,8781,883
Net Income Margin-100.0%-0.14*0.11*0.10*0.28*0.14*0.13*0.08*-0.19*-0.48*-0.20*0.21*0.21*0.24*0.16*------
Free Cashflow-100.0%-1,2379911,1951,3941,368883228-352-1,434-1,763-1,229-8003591,071------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-1.5%42,90643,54245,69247,33048,43238,65040,89941,33836,77637,33136,49537,00537,47139,11933,87631,16930,81431,14730,21129,97428,977
  Current Assets-9.9%5,6176,2318,1558,7839,1674,5156,4166,6706,5757,0845,9516,1866,3717,5984,0082,8812,0402,2072,5272,2082,083
    Cash Equivalents-14.7%3,8434,5055,9125,2955,7843,2195,2035,5715,6266,1725,1024,5944,8366,0162,3301,2341,1611,2231,5271,3031,273
  Inventory1.7%13112912611311510296.0094.0079.0082.0088.0097.00107106103104107111111104109
  Net PPE1.8%5,2335,1415,2245,0895,02814,14514,43514,52814,34514,45414,63214,79214,97715,17318,28620,60421,05421,19620,73020,73319,863
  Goodwill0.1%5,0295,0255,0292884,7063,4753,4811,3972,0892,0872,0912,0922,0922,0922,0852,0762,0812,0021,8211,82218.00
  Current Liabilities-3.3%2,7492,8444,5165,8965,5453,6003,4423,4102,0361,8351,8572,7672,5752,6263,1913,2932,7872,8132,9492,9783,065
    LT Debt, Current-3.5%35.0036.001,2861,3511,2501,2501,0001,000---------3.0043.00--
    LT Debt, Non Current-2.4%6,6746,8417,4337,2107,10710,50711,77111,61912,57513,24512,37711,41511,34011,74311,16914,94414,66214,73115,08814,66413,513
Shareholder's Equity-15.4%4,4165,2224,8324,8427,1989,88010,97711,66111,10411,23311,18011,70312,34913,33212,66310,52110,95511,21810,47010,74610,840
  Retained Earnings-8.7%4,3834,7994,7944,8725,7474,3214,3414,2112,8612,7583,0913,5404,0764,9344,2012,2562,3602,3852,4232,5102,431
  Additional Paid-In Capital------7621,7502,6403,3353,5693,4393,3563,3333,2743,5313,8464,1824,4204,0924,2524,414
Shares Outstanding-3.9%353367379389417443454478489495494494493495503519532534527535548
Minority Interest9.6%4193823799831,4644,8144,9064,8314,9244,9264,6754,8424,9745,1584,9364,4604,4344,4323,9583,9733,993
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations3.2%2,1052,0401,7561,8201,9381,8821,373643-39.12-1,157-1,493-795-2429881,8101,6831,5971,5451,7232,0902,360
  Share Based Compensation-5.8%68.0072.0071.0073.0076.0072.0065.0068.0079.0087.0010710295.0094.0089.0084.0085.0086.0070.0067.0065.00
Cashflow From Investing-106.5%-1672,5682,1181,4494,0441,4611,5441,565-455-3582,1596,8206,7386,6093,519-1,313-2,281-2,377-2,083-2,252-1,667
Cashflow From Financing-17.8%-3,814-3,238-3,024-3,501-5,783-6,293-2,814-1,2291,2861,6722,103-2,669-2,823-2,809-4,529-438570531389-519-1,173
  Dividend Payments-34.5%2.003.004.004.004.005.005.005.005.005.0078.00142208275271268265262261260259
  Buy Backs-21.6%1,7702,2582,7753,1503,5302,6361,7541,0263401193547461,1031,3851,0327896089211,2831,1331,285

MGM Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues    
Total revenue$ 3,942,207$ 3,264,888$ 7,815,503$ 6,119,197
Expenses    
General and administrative1,144,3901,028,7652,279,9301,805,602
Corporate expense117,088119,610244,647230,851
Preopening and start-up expenses149542288976
Property transactions, net5,614(19,395)(390,462)35,343
Gain on REIT transactions, net0(2,277,747)0(2,277,747)
Depreciation and amortization203,503366,255407,004654,893
Total expenses3,554,640827,8546,622,0983,529,537
Loss from unconsolidated affiliates(16,189)(55,583)(91,188)(102,421)
Operating income371,3782,381,4511,102,2172,487,239
Non-operating income (expense)    
Interest expense, net of amounts capitalized(111,945)(136,559)(242,245)(332,650)
Non-operating items from unconsolidated affiliates(441)(6,120)(1,625)(21,253)
Other, net23,693(43,308)70,000(9,006)
Non-operating income (expense)(88,693)(185,987)(173,870)(362,909)
Income before income taxes282,6852,195,464928,3472,124,330
Provision for income taxes(39,141)(572,839)(204,920)(536,498)
Net income243,5441,622,625723,4271,587,832
Less: Net (income) loss attributable to noncontrolling interests(42,748)161,312(55,824)178,089
Net Income attributable to MGM Resorts International$ 200,796$ 1,783,937$ 667,603$ 1,765,921
Earnings per share    
Basic (in dollars per share)$ 0.56$ 4.24$ 1.82$ 4.06
Diluted (in dollars per share)$ 0.55$ 4.20$ 1.80$ 4.02
Weighted average common shares outstanding    
Basic (in shares)361,050417,393367,535430,084
Diluted (in shares)365,339421,303371,685434,336
Casino    
Revenues    
Total revenue$ 1,951,382$ 1,357,134$ 3,833,810$ 2,778,044
Expenses    
Cost of revenues1,025,745622,1662,016,6351,296,531
Rooms    
Revenues    
Total revenue815,323774,7321,663,8111,331,805
Expenses    
Cost of revenues250,300232,429490,414428,542
Food and beverage    
Revenues    
Total revenue743,236677,7561,465,3671,170,610
Expenses    
Cost of revenues537,824480,1211,049,416848,783
Entertainment, retail and other    
Revenues    
Total revenue420,711445,342830,289816,908
Expenses    
Cost of revenues258,472265,184502,000483,933
Reimbursed costs    
Revenues    
Total revenue11,5559,92422,22621,830
Expenses    
Cost of revenues$ 11,555$ 9,924$ 22,226$ 21,830

MGM Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 3,843,366$ 5,911,893
Accounts receivable, net703,971852,149
Inventories130,889126,065
Income tax receivable129,49773,016
Prepaid expenses and other809,272583,132
Assets held for sale0608,437
Total current assets5,616,9958,154,692
Property and equipment, net5,233,4005,223,928
Other assets  
Investments in and advances to unconsolidated affiliates156,993173,039
Goodwill5,029,1895,029,312
Other intangible assets, net1,734,0121,551,252
Operating lease right-of-use assets, net24,276,78424,530,929
Other long-term assets, net858,4561,029,054
Total other assets32,055,43432,313,586
Total assets42,905,82945,692,206
Current liabilities  
Accounts and construction payable358,807369,817
Current portion of long-term debt35,2001,286,473
Accrued interest on long-term debt60,22583,451
Other accrued liabilities2,295,1722,236,323
Liabilities related to assets held for sale0539,828
Total current liabilities2,749,4044,515,892
Deferred income taxes, net3,006,5832,969,443
Long-term debt, net6,674,0447,432,817
Operating lease liabilities25,136,71925,149,299
Other long-term obligations493,996256,282
Commitments and contingencies (Note 9)
Redeemable noncontrolling interests9,716158,350
Stockholders’ equity  
Common stock, $0.01 par value: authorized 1,000,000,000 shares, issued and outstanding 352,789,905 and 379,087,524 shares3,5283,791
Capital in excess of par value00
Retained earnings4,382,5884,794,239
Accumulated other comprehensive income30,05733,499
Total MGM Resorts International stockholders’ equity4,416,1734,831,529
Noncontrolling interests419,194378,594
Total stockholders’ equity4,835,3675,210,123
Total liabilities and stockholders' equity$ 42,905,829$ 45,692,206
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.