Market Summary
USD44.42+1.09
Market Closed2.52%
MGM Stock Price
MGM RSI Chart
MGM Valuation
MGM Price/Sales (Trailing)
MGM Profitability
MGM Fundamentals
MGM Revenue
MGM Earnings
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
MGM Investor Care
Peers (Alternatives to MGM Resorts International)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MAR | 51.6B | 20.8B | -2.01% | -4.94% | 21.87 | 2.48 | 49.91% | 114.56% |
MGM | 16.8B | 13.1B | 0.09% | 5.94% | 11.43 | 1.28 | 35.61% | 17.44% |
WYNN | 12.7B | 3.8B | -0.28% | 40.34% | -29.93 | 3.38 | -0.18% | 43.92% |
| MID-CAP | ||||||||
CHDN | 9.6B | 1.8B | 4.67% | 15.90% | 21.88 | 5.31 | 13.31% | 76.40% |
MTN | 9.4B | 2.8B | -0.64% | -8.63% | 28.08 | 3.34 | 29.86% | 54.02% |
WH | 6.9B | 1.5B | -12.23% | -19.52% | 19.42 | 4.6 | -4.28% | 45.49% |
PENN | 4.7B | 6.4B | -3.23% | -30.08% | 21.05 | 0.73 | 8.41% | -47.22% |
SEAS | 4.1B | 1.7B | -5.73% | -17.64% | 14.14 | 2.38 | 15.13% | 13.52% |
FUN | 2.5B | 1.8B | -1.74% | -16.62% | 8.08 | 1.37 | 35.81% | 734.13% |
SIX | 2.2B | 1.4B | -0.19% | -38.60% | 20.4 | 1.64 | -9.26% | -16.16% |
| SMALL-CAP | ||||||||
MCRI | 1.4B | 477.9M | -0.46% | -14.99% | 16.18 | 2.96 | 20.86% | 27.73% |
TH | 1.3B | 431.2M | -12.28% | 119.00% | 28.29 | 2.96 | 65.06% | 370.62% |
GDEN | 1.2B | 1.1B | 5.33% | -25.07% | 14.89 | 1.09 | 2.30% | -49.10% |
FLL | 248.7M | 176.3M | -26.00% | -24.77% | -89.66 | 1.31 | 3.79% | -127.31% |
CNTY | 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) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 4.3% | 13,127 | 12,592 | 11,884 | 10,887 | 9,680 |
| S&GA Expenses | 12.2% | 4,227 | 3,765 | 3,176 | 2,738 | 2,507 |
| Costs and Expenses | 8.2% | 11,528 | 10,654 | 7,059 | 8,319 | 7,486 |
| EBITDA | 21.4% | 4,981 | 4,102 | 5,857 | 3,770 | - |
| EBITDA Margin | 16.5% | 0.38* | 0.33* | 0.50* | 0.35* | - |
| Earnings Before Taxes | -16.7% | 904 | 1,085 | 3,892 | 1,821 | 1,462 |
| EBT Margin | -20.1% | 0.07* | 0.09* | 0.33* | 0.17* | - |
| Interest Expenses | -9.8% | 595 | 659 | 734 | 800 | 800 |
| Net Income | 11.6% | 1,473 | 1,320 | 3,247 | 1,568 | 1,254 |
| Net Income Margin | 7.0% | 0.11* | 0.10* | 0.28* | 0.14* | - |
| Free Cahsflow | -17.0% | 991 | 1,195 | 1,394 | 1,368 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -3.5% | 45,692 | 47,330 | 48,432 | 38,650 | 40,899 |
| Current Assets | -7.2% | 8,155 | 8,783 | 9,167 | 4,515 | 6,416 |
| Cash Equivalents | 11.6% | 5,912 | 5,295 | 5,784 | 2,719 | 4,703 |
| Inventory | 11.2% | 126 | 113 | 115 | 102 | 96.00 |
| Net PPE | 2.6% | 5,224 | 5,089 | 5,028 | 14,145 | 14,435 |
| Goodwill | 1644.1% | 5,029 | 288 | 4,706 | 3,475 | 3,481 |
| Current Liabilities | -23.4% | 4,516 | 5,896 | 5,545 | 3,600 | 3,442 |
| Long Term Debt | 2.4% | 8,561 | 8,357 | 11,757 | 12,771 | - |
| LT Debt, Current | -4.8% | 1,286 | 1,351 | 1,250 | 1,250 | 1,000 |
| LT Debt, Non Current | 3.1% | 7,433 | 7,210 | 7,107 | 10,507 | 11,771 |
| Shareholder's Equity | -0.2% | 4,832 | 4,842 | 7,198 | 9,880 | 6,071 |
| Retained Earnings | -1.6% | 4,794 | 4,872 | 5,747 | 4,321 | 4,341 |
| Additional Paid-In Capital | NaN% | - | - | - | 762 | 1,750 |
| Accumulated Depreciation | - | 8,179 | - | - | - | - |
| Shares Outstanding | -2.5% | 379 | 389 | 398 | 431 | 454 |
| Minority Interest | -61.5% | 379 | 983 | 1,464 | 4,814 | 4,906 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -3.5% | 1,756 | 1,820 | 1,938 | 1,882 | 1,373 |
| Share Based Compensation | -1.8% | 71.00 | 73.00 | 76.00 | 72.00 | 65.00 |
| Cashflow From Investing | 46.2% | 2,118 | 1,449 | 4,044 | 1,461 | 1,544 |
| Cashflow From Financing | 13.6% | -3,024 | -3,501 | -5,783 | -6,293 | -2,814 |
| Dividend Payments | -4.6% | 4.00 | 4.00 | 4.00 | 5.00 | 5.00 |
| Buy Backs | -11.9% | 2,775 | 3,150 | 3,530 | 2,636 | 1,754 |
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 ascending | Fund Name | Type | % 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% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
MGM Resorts International News
Schedule 13G FIlings of MGM Resorts International
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form 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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very 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 ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
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 |
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
2022-12-31CONSOLIDATED 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 administrative | 4,226,617 | 2,507,239 | 2,122,333 |
| Corporate expense | 479,118 | 422,777 | 460,148 |
| Preopening and start-up expenses | 1,876 | 5,094 | 84 |
| 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, net | 0 | (1,562,329) | 0 |
| Depreciation and amortization | 3,482,050 | 1,150,610 | 1,210,556 |
| Total expenses | 11,527,900 | 7,486,264 | 5,847,454 |
| Income (loss) from unconsolidated affiliates | (160,213) | 84,823 | 42,938 |
| Operating income (loss) | 1,439,372 | 2,278,699 | (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, net | 82,838 | 65,941 | (89,361) |
| Total non-operating income (expense) | (535,573) | (816,895) | (869,045) |
| Income (loss) before income taxes | 903,799 | 1,461,804 | (1,511,479) |
| Benefit (provision) for income taxes | (697,068) | (253,415) | 191,572 |
| Net income (loss) | 206,731 | 1,208,389 | (1,319,907) |
| Less: Net loss attributable to noncontrolling interests | 1,266,362 | 45,981 | 287,183 |
| 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) | 409,201 | 481,930 | 494,152 |
| Diluted (in shares) | 412,993 | 487,356 | 494,152 |
| Casino | |||
| Revenues | |||
| Total revenue | $ 5,734,173 | $ 5,362,912 | $ 2,871,720 |
| Expenses | |||
| Expenses | 2,746,576 | 2,551,169 | 1,701,783 |
| Rooms | |||
| Revenues | |||
| Total revenue | 3,057,145 | 1,690,037 | 830,382 |
| Expenses | |||
| Expenses | 937,272 | 600,942 | 419,156 |
| Food and beverage | |||
| Revenues | |||
| Total revenue | 2,604,238 | 1,391,605 | 696,040 |
| Expenses | |||
| Expenses | 1,905,625 | 1,034,780 | 674,118 |
| Entertainment, retail and other | |||
| Revenues | |||
| Total revenue | 1,686,236 | 1,009,503 | 518,991 |
| Expenses | |||
| Expenses | 1,017,817 | 617,635 | 412,705 |
| Reimbursed costs | |||
| Revenues | |||
| Total revenue | 45,693 | 226,083 | 244,949 |
| Expenses | |||
| Expenses | $ 45,693 | $ 226,083 | $ 244,949 |
MGM Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 5,911,893 | $ 4,703,059 |
| Restricted cash | 0 | 500,000 |
| Accounts receivable, net | 852,149 | 583,915 |
| Inventories | 126,065 | 96,374 |
| Income tax receivable | 73,016 | 273,862 |
| Prepaid expenses and other | 583,132 | 258,972 |
| Assets held for sale | 608,437 | 0 |
| Total current assets | 8,154,692 | 6,416,182 |
| Property and equipment, net | 5,223,928 | 14,435,493 |
| Other assets | ||
| Investments in and advances to unconsolidated affiliates | 173,039 | 967,044 |
| Goodwill | 5,029,312 | 3,480,997 |
| Other intangible assets, net | 1,551,252 | 3,616,385 |
| Operating lease right-of-use assets, net | 24,530,929 | 11,492,805 |
| Other long-term assets, net | 1,029,054 | 490,210 |
| Total other assets | 32,313,586 | 20,047,441 |
| Total assets | 45,692,206 | 40,899,116 |
| Current liabilities | ||
| Accounts and construction payable | 369,817 | 286,196 |
| Current portion of long-term debt | 1,286,473 | 1,000,000 |
| Accrued interest on long-term debt | 83,451 | 172,624 |
| Other accrued liabilities | 2,236,323 | 1,983,444 |
| Liabilities related to assets held for sale | 539,828 | 0 |
| Total current liabilities | 4,515,892 | 3,442,264 |
| Deferred income taxes, net | 2,969,443 | 2,439,364 |
| Long-term debt, net | 7,432,817 | 11,770,797 |
| Operating lease liabilities | 25,149,299 | 11,802,464 |
| Other long-term obligations | 256,282 | 319,914 |
| Commitments and contingencies (Note 12) | ||
| Redeemable noncontrolling interests | 158,350 | 147,547 |
| Stockholders' equity | ||
| Common stock, $0.01 par value: authorized 1,000,000,000 shares, issued and outstanding 379,087,524 and 453,803,759 shares | 3,791 | 4,538 |
| Capital in excess of par value | 0 | 1,750,135 |
| Retained earnings | 4,794,239 | 4,340,588 |
| Accumulated other comprehensive income (loss) | 33,499 | (24,616) |
| Total MGM Resorts International stockholders' equity | 4,831,529 | 6,070,645 |
| Noncontrolling interests | 378,594 | 4,906,121 |
| Total stockholders' equity | 5,210,123 | 10,976,766 |
| Total liabilities and stockholders' equity | $ 45,692,206 | $ 40,899,116 |