MGM Resorts International

Company Profile

MGM Resorts International had its IPO on 1990-01-12 under the ticker symbol MGM.

The company operates in the Consumer Cyclical sector and Resorts & Casinos industry. MGM Resorts International has a staff strength of 57,000 employees.

Stock update

Shares of MGM Resorts International opened at $42.39 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $41.84 - $42.85, and closed at $41.99.

This is a -1.66% slip from the previous day's closing price.

A total volume of 5,162,004 shares were traded at the close of the day’s session.

In the last one week, shares of MGM Resorts International have slipped by -5.32%.

MGM Resorts International's Key Ratios

MGM Resorts International has a market cap of $14.98 billion, indicating a price to book ratio of 2.9291 and a price to sales ratio of 1.1082.

In the last 12-months MGM Resorts International’s revenue was $14.78 billion with a gross profit of $6.47 billion and an EBITDA of $1.97 billion. The EBITDA ratio measures MGM Resorts International's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, MGM Resorts International’s operating margin was -8.52% while its return on assets stood at -1.72% with a return of equity of -10.79%.

In Q2, MGM Resorts International’s quarterly earnings growth was a negative -86.9% while revenue growth was a positive 20.8%.

MGM Resorts International’s PE and PEG Ratio

Forward PE

51.5464

Trailing PE

33.622

PEG

4.1999

Its diluted EPS in the last 12-months stands at $1.27 per share while it has a forward price to earnings multiple of 51.5464 and a PEG multiple of 4.1999. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into MGM Resorts International’s profitability.

MGM Resorts International stock is trading at a EV to sales ratio of 3.3825 and a EV to EBITDA ratio of 10.3837. Its price to sales ratio in the trailing 12-months stood at 1.1082.

MGM Resorts International stock pays annual dividends of $0.005 per share, indicating a yield of 0.02% and a payout ratio of 0.39%.

Balance sheet and cash flow metrics

Total Assets

$42.91 billion

Total Liabilities

$2.75 billion

Operating Cash Flow

$-271195000.00

Capital Expenditure

$253.48 million

Dividend Payout Ratio

0.39%

MGM Resorts International ended 2024 with $42.91 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $42.91 billion while shareholder equity stood at $4.42 billion.

MGM Resorts International ended 2024 with $3.01 billion in deferred long-term liabilities, $2.75 billion in other current liabilities, 3528000.00 in common stock, $4.38 billion in retained earnings and $5.03 billion in goodwill. Its cash balance stood at $3.84 billion and cash and short-term investments were $3.84 billion. The company’s total short-term debt was $35,200,000 while long-term debt stood at $6.67 billion.

MGM Resorts International’s total current assets stands at $5.62 billion while long-term investments were $156.99 million and short-term investments were $0. Its net receivables were $833.47 million compared to accounts payable of $358.81 million and inventory worth $130.89 million.

In 2024, MGM Resorts International's operating cash flow was $-271195000.00 while its capital expenditure stood at $253.48 million.

Comparatively, MGM Resorts International paid $0.00 in dividends in 2024.

Other key metrics

Current Trading Price

$41.99

52-Week High

$51.35

52-Week Low

$29.198

Analyst Target Price

$57.32

MGM Resorts International stock is currently trading at $41.99 per share. It touched a 52-week high of $51.35 and a 52-week low of $51.35. Analysts tracking the stock have a 12-month average target price of $57.32.

Its 50-day moving average was $45.69 and 200-day moving average was $42.17 The short ratio stood at 3.03 indicating a short percent outstanding of 0%.

Around 1839.4% of the company’s stock are held by insiders while 6847.7% are held by institutions.