MLCO Intrinsic Stock Value – MELCO RESORTS & ENTERTAINMENT Reports Total Revenue of USD 1017.2 Million and Net Income of USD -16.3 Million in Q3 FY2023
December 4, 2023
☀️Earnings Overview
For the third quarter of FY2023, MELCO RESORTS & ENTERTAINMENT ($NASDAQ:MLCO) reported total revenue of USD 1017.2 million and a net income of -16.3 million, ending on September 30 2023.
Price History
The stock opened at $7.8 and closed at $7.9, up by 4.2% from last closing price of 7.5. This report highlights MELCO RESORTS & ENTERTAINMENT’s strong performance in Q3 FY2023. Despite the losses incurred due to the pandemic, the company is gradually recovering. MELCO RESORTS & ENTERTAINMENT is optimistic about the future and is focused on creating a more resilient and profitable business model.
With operations in Macau, the Philippines, Cyprus, and Japan, MELCO RESORTS & ENTERTAINMENT is well-positioned to capitalize on tourist demand in Asia Pacific and beyond. MELCO RESORTS & ENTERTAINMENT’s share price rose in response to this news, as investors are encouraged by the company’s positive outlook. Going forward, MELCO RESORTS & ENTERTAINMENT will continue to focus on operational efficiency and cost-cutting initiatives while expanding its presence in Asia Pacific with new projects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MLCO. More…
| Total Revenues | Net Income | Net Margin |
| 3.02k | -372.97 | -12.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MLCO. More…
| Operations | Investing | Financing |
| -619.43 | -806.11 | 1.78k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MLCO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.71k | 9.37k | -2.57 |
Key Ratios Snapshot
Some of the financial key ratios for MLCO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.4% | 27.2% | -0.5% |
| FCF Margin | ROE | ROA |
| -41.1% | 0.8% | -0.1% |
Analysis – MLCO Intrinsic Stock Value
GoodWhale conducted a comprehensive analysis of MELCO RESORTS & ENTERTAINMENT’s wellbeing. Our proprietary Valuation Line calculation estimated the fair value of MELCO RESORTS & ENTERTAINMENT’s share to be around $19.6. However, the current traded price of the stock is at $7.9, which means it is undervalued by 59.8%. This presents an interesting opportunity for investors who are looking to buy MELCO RESORTS & ENTERTAINMENT shares at a discount. More…
Peers
Each of these companies has its own unique strengths and strategies to stay ahead of the game, creating a dynamic and intense competition between them.
– Las Vegas Sands Corp ($NYSE:LVS)
Las Vegas Sands Corp is an American casino and resort company based in the US state of Nevada. It is the parent company of the Venetian Casino Resort and the Sands Expo and Convention Center, among other properties. The company has a market cap of 36.73B as of 2022, which is a reflection of its market presence and business performance. Additionally, its Return on Equity (ROE) stands at -11.56%, indicating that it is not performing well in terms of generating shareholder value. Las Vegas Sands Corp is a leader in the gaming and hospitality industry, and it continues to be a major player in Las Vegas, Macau, and other international markets.
– Wynn Resorts Ltd ($NASDAQ:WYNN)
Wynn Resorts Ltd is a global hospitality and entertainment company, operating integrated resorts in Las Vegas, Macau, and other parts of the world. As of 2022, the company has a market capitalization of 9.34 billion dollars and a return on equity of 27.93%. This suggests that the company is performing relatively well and is able to generate a healthy return on the capital it has invested. The company has positioned itself as an international leader in the hospitality and entertainment industry, with a focus on providing high-quality experiences for its guests. The strong financial performance of the company indicates that its strategies are working and that it is well-positioned for future growth.
– MGM Resorts International ($NYSE:MGM)
MGM Resorts International is a leading global hospitality and entertainment company, based in Las Vegas, Nevada. The company operates a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay, The Mirage, Park MGM, and New York-New York. With a market cap of 12.88 billion USD as of 2022, the company’s stock has been performing well in the market with a Return on Equity (ROE) of 20.62%. This indicates a strong financial performance and suggests that the company is utilizing its equity to generate profits and add value to its shareholders.
Summary
MELCO RESORTS & ENTERTAINMENT’s third quarter of FY2023 has seen a significant improvement in financial performance compared to the same period last year. This caused MELCO’s stock price to rise on the day of the announcement. Investors should consider the potential of MELCO RESORTS & ENTERTAINMENT as an investment, given its improved performance and potential future growth. All investors should consider their own risk profile before investing and seek advice from a financial professional.
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