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MGM

37.08USD-0.19(-0.51%)Market Closed

MGM Resorts International

Market Summary

USD37.08-0.19Market Closed
-0.51%

MGM Alerts

MGM Stock Price

RSI Chart

Valuation

Market Cap

14.1B

Price/Earnings

4.35

Price/Sales

1.19

Price/Cashflow

7.3

MarketCap/EBT

3.63

Price/Sales

Profitability

EBT Margin

32.75%

Return on Equity

56.64%

Return on Assets

6.7%

Fundamentals

Revenue

Revenue (TTM)

12.6B

Revenue Y/Y

26.17%

Revenue Q/Q

4.63%

Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

-142.71%

Earnings Q/Q

-132.33%

Price Action

52 Week Range

26.4148.99
(Low)(High)

Last 7 days

3.8%

Last 30 days

5.6%

Last 90 days

12.9%

Trailing 12 Months

-10.0%

Financial Health

Current Ratio

1.65

Debt/Equity

1.46

Debt/Cashflow

0.23

Investor Care

Dividend Yield

0.02%

Dividend/Share (TTM)

0.01

Buy Backs (1Y)

18.11%

Diluted EPS (TTM)

2.93

Peers (Alternatives to MGM Resorts International)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.8B
17.9B
8.53% 10.28%
29.73
2.89
81.27% 402.31%
14.1B
12.6B
5.61% -10.04%
4.35
1.19
55.14% 95.35%
MID-CAP
8.7B
2.5B
19.72% -20.69%
25.09
3.46
32.27% 172.13%
7.7B
1.7B
9.49% -3.17%
16.08
4.57
12.17% 116.11%
6.7B
1.6B
-0.36% -8.11%
19.33
4.32
5.99% 85.11%
6.6B
3.8B
26.84% 3.48%
-10.09
1.7
11.71% 25.31%
5.2B
6.3B
6.70% -30.30%
24.84
0.83
26.07% -52.81%
4.0B
1.7B
-0.26% -7.81%
14.07
2.37
32.99% 124.99%
2.3B
1.8B
2.70% -13.40%
28.17
1.37
71.80% 311.51%
SMALL-CAP
1.8B
1.4B
12.57% -37.10%
13.65
1.2
8.26% 102.71%
1.5B
468.4M
5.43% 20.98%
18.91
3.38
36.69% 32.94%
1.2B
1.1B
1.34% -5.33%
11.45
1.07
10.17% -27.23%
1.2B
431.2M
26.08% 320.85%
35.73
3.25
65.06% 370.62%
231.7M
170.5M
3.65% -19.67%
42.74
1.31
-2.68% -127.31%
231.1M
434.1M
-3.26% -43.88%
9.53
0.53
18.60% -31.64%

Financials for MGM Resorts International

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue6.0%12,59211,88410,8879,6808,117
  S&GA Expenses18.6%3,7653,1762,7382,5072,291
Earnings Before Taxes-72.1%1,0853,8921,8211,462752
Net Income-59.3%1,3203,2471,5681,254676
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.3%47,33048,43238,65040,89941,338
  Current Assets-4.2%8,7839,1674,5156,4166,670
    Cash Equivalents-8.4%5,2955,7842,7194,7035,571
  Inventory-1.5%1131151029694
  Net PPE1.2%5,0895,02814,14514,43514,528
  Goodwill5.1%4,9454,7063,4753,4813,485
  Current Liabilities6.3%5,8965,5453,6003,4423,410
  Long Term Debt2.4%8,5618,35711,75712,77112,619
    LT Debt, Current8.1%1,3511,2501,2501,0001,000
    LT Debt, Non Current1.4%7,2107,10710,50711,77111,619
Shareholder's Equity-15.6%4,8425,7345,0656,0716,830
  Retained Earnings-15.2%4,8725,7474,3214,3414,211
  Additional Paid-In CapitalNaN%--7621,7502,640
Accumulated Depreciation-8,179----
Shares Outstanding-2.4%389398431454470
Minority Interest-32.9%9831,4644,8144,9064,831
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-6.1%1,8201,9381,8821,373643
  Share Based Compensation-5.1%7376726568
Cashflow From Investing-64.2%1,4494,0441,4611,5441,565
Cashflow From Financing39.5%-3,501.23-5,783.51-6,293.18-2,814.09-1,229.84
  Dividend Payments-4.5%44555
  Buy Backs-10.8%3,1503,5302,6361,7541,026

Risks

What is the probability of a big loss on MGM?

72.7%


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

41.1%


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.

Returns

Cumulative Returns on MGM

14.7%


10-Year Cumulative Returns

8.2%


7-Year Cumulative Returns

2.7%


5-Year Cumulative Returns

5.9%


3-Year Cumulative Returns

What are the long-term rolling returns for MGM?

FIve years rolling returns for MGM Resorts International.

Which funds bought or sold MGM recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
ADDED
1,625
15,074
16,000
0.01%
2022-11-23
Toroso Investments, LLC
ADDED
16.23
114,000
707,000
0.03%
2022-11-22
IHT Wealth Management, LLC
NEW
-
348,000
348,000
0.03%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
12.52
32,000
237,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,039,000
1,039,000
0.01%
2022-11-22
CVA Family Office, LLC
REDUCED
-4.07
-
18,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-5.16
-446,000
16,478,000
0.03%
2022-11-21
FourThought Financial, LLC
UNCHANGED
-
1,000
39,000
0.01%
2022-11-21
Parallax Volatility Advisers, L.P.
ADDED
8.83
1,081,000
10,297,000
0.02%
2022-11-18
National Pension Service
REDUCED
-89.76
-18,405,000
2,183,000
-%

1–10 of 48

Latest Funds Activity

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

MGM Resorts International News

TheStreet

Huge Las Vegas Strip Project Faces Big Problems.20 hours ago

MGM Fair Value

Recent SEC filings of MGM Resorts International

View All Filings
Date Filed Form Type Document
Nov 28, 2022
8-K
Current Report
Nov 16, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 10, 2022
8-K
Current Report
Nov 02, 2022
10-Q
Quarterly Report
Nov 02, 2022
8-K
Current Report
Oct 31, 2022
4
Insider Trading
Oct 21, 2022
4
Insider Trading
Oct 21, 2022
4
Insider Trading
Oct 21, 2022
4
Insider Trading

Latest Insider Trading transactions for MGM

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-15
SANDERS COREY IAN
SOLD
-760,000
38
-20,000
CHIEF OPERATING OFFICER
2022-11-14
Mckinney-James Rose
SOLD
-215,288
37.5
-5,741
-
2022-10-31
SANDERS COREY IAN
SOLD
-362,100
36.21
-10,000
CHIEF OPERATING OFFICER
2022-10-19
HORNBUCKLE WILLIAM
SOLD FOR TAXES
-136,884
32.46
-4,217
CEO AND PRESIDENT
2022-10-19
McManus John
ACQUIRED
-
-
4,870
CHIEF LEGAL ADMIN OFC AND SECY
2022-10-19
Meinert Todd
ACQUIRED
-
-
1,917
SVP & Chief Accounting Officer
2022-10-19
HORNBUCKLE WILLIAM
ACQUIRED
-
-
10,714
CEO AND PRESIDENT
2022-10-19
SANDERS COREY IAN
ACQUIRED
-
-
10,714
CHIEF OPERATING OFFICER
2022-10-19
McManus John
SOLD FOR TAXES
-62,225.8
32.46
-1,917
CHIEF LEGAL ADMIN OFC AND SECY
2022-10-19
SANDERS COREY IAN
SOLD FOR TAXES
-136,884
32.46
-4,217
CHIEF OPERATING 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

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues    
Total revenue$ 3,416,072$ 2,707,539$ 9,535,269$ 6,623,248
Expenses    
General and administrative1,212,474623,2753,018,0761,759,891
Corporate expense117,264112,114348,115287,021
Preopening and start-up expenses3961,5471,3721,642
Property transactions, net(11,639)3,67723,704842
Gain on REIT transactions, net00(2,277,747)0
Gain on consolidation of CityCenter, net0(1,562,329)0(1,562,329)
Depreciation and amortization1,405,520279,4032,060,413853,579
Total expenses4,444,576849,8687,974,1134,806,266
Income (loss) from unconsolidated affiliates(17,467)35,111(119,888)92,870
Operating income (loss)(1,045,971)1,892,7821,441,2681,909,852
Non-operating income (expense)    
Interest expense, net of amounts capitalized(125,172)(200,049)(457,822)(598,116)
Non-operating items from unconsolidated affiliates(995)(23,421)(22,248)(67,473)
Other, net(14,316)(49,241)(23,322)70,302
Non-operating income (expense)(140,483)(272,711)(503,392)(595,287)
Income (loss) before income taxes(1,186,454)1,620,071937,8761,314,565
Benefit (provision) for income taxes125,367(282,135)(411,131)(222,263)
Net income (loss)(1,061,087)1,337,936526,7451,092,302
Less: Net loss attributable to noncontrolling interests484,25712,497662,34631,055
Net income (loss) attributable to MGM Resorts International$ (576,830)$ 1,350,433$ 1,189,091$ 1,123,357
Earnings (loss) per share    
Basic (in dollars per share)$ (1.45)$ 2.81$ 2.81$ 2.19
Diluted (in dollars per share)$ (1.45)$ 2.77$ 2.79$ 2.17
Weighted average common shares outstanding    
Basic (in shares)393,295478,405417,686487,509
Diluted (in shares)393,295484,215421,770493,184
Casino    
Revenues    
Total revenue$ 1,407,367$ 1,400,337$ 4,185,411$ 3,835,094
Expenses    
Cost of revenues653,601640,0411,950,1321,808,849
Rooms    
Revenues    
Total revenue827,397490,4602,159,2021,053,907
Expenses    
Cost of revenues256,128160,864684,670402,364
Food and beverage    
Revenues    
Total revenue722,982416,4781,893,592876,556
Expenses    
Cost of revenues528,966301,9631,377,749651,349
Entertainment, retail and other    
Revenues    
Total revenue447,637315,6931,264,545639,926
Expenses    
Cost of revenues271,177204,742755,110385,293
Reimbursed costs    
Revenues    
Total revenue10,68984,57132,519217,765
Expenses    
Cost of revenues$ 10,689$ 84,571$ 32,519$ 217,765

MGM Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 5,295,434$ 4,703,059
Restricted cash0500,000
Accounts receivable, net709,562583,915
Inventories113,32396,374
Income tax receivable233,496273,862
Prepaid expenses and other406,579258,972
Assets held for sale2,024,7880
Total current assets8,783,1826,416,182
Property and equipment, net5,089,29614,435,493
Other assets  
Investments in and advances to unconsolidated affiliates185,758967,044
Goodwill4,945,1883,480,997
Other intangible assets, net2,806,1633,616,385
Operating lease right-of-use assets, net24,655,97111,492,805
Other long-term assets, net864,664490,210
Total other assets33,457,74420,047,441
Total assets47,330,22240,899,116
Current liabilities  
Accounts payable403,756263,097
Construction payable20,55623,099
Current portion of long-term debt1,351,4221,000,000
Accrued interest on long-term debt118,186172,624
Other accrued liabilities2,047,5441,983,444
Liabilities related to assets held for sale1,954,0400
Total current liabilities5,895,5043,442,264
Deferred income taxes, net2,847,3022,439,364
Long-term debt, net7,209,83711,770,797
Operating lease liabilities25,144,87611,802,464
Other long-term obligations270,966319,914
Commitments and contingencies (Note 10)
Redeemable noncontrolling interests137,054147,547
Stockholders’ equity  
Common stock, $0.01 par value: authorized 1,000,000,000 shares, issued and outstanding 388,760,930 and 453,803,759 shares3,8884,538
Capital in excess of par value01,750,135
Retained earnings4,871,6324,340,588
Accumulated other comprehensive loss(33,830)(24,616)
Total MGM Resorts International stockholders’ equity4,841,6906,070,645
Noncontrolling interests982,9934,906,121
Total stockholders’ equity5,824,68310,976,766
Total liabilities and stockholders' equity$ 47,330,222$ 40,899,116