MLCO Intrinsic Value – MELCO RESORTS & ENTERTAINMENT Reports Record Q2 Revenue of USD 947.9 Million for FY2023
August 6, 2023
☀️Earnings Overview
MELCO RESORTS & ENTERTAINMENT ($NASDAQ:MLCO) reported total revenue of USD 947.9 million for Q2 of FY2023 (ending June 30 2023), a substantial increase from the prior year figure of USD 296.1 million. Net income was also significantly improved from the prior year’s -251.5 million, coming in at USD -23.4 million.
Price History
This strong performance was driven by higher net gaming revenues and the success of its Macau properties. Despite this good news, MELCO RESORTS & ENTERTAINMENT stock opened at $13.1 on Wednesday and closed at $12.9, down by 2.4% from its previous closing price of 13.2. This drop is likely due to the rising competition in the gaming industry and the uncertain economic outlook caused by the ongoing pandemic. Analysts are expecting MELCO RESORTS & ENTERTAINMENT to continue to perform well in the coming quarters, with increasing demand from both domestic and international customers as more countries reopen their borders. 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 |
| 2.24k | -600.51 | -26.9% |
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 |
| 8.88k | 9.5k | -2.76 |
Key Ratios Snapshot
Some of the financial key ratios for MLCO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -16.7% | 27.2% | -13.5% |
| FCF Margin | ROE | ROA |
| -55.3% | 17.1% | -2.1% |
Analysis – MLCO Intrinsic Value
At GoodWhale we analyze the fundamentals of companies to provide an accurate and reliable fair value for their shares. After analyzing the fundamentals of MELCO RESORTS & ENTERTAINMENT, we have determined that the fair value of their share is around $17.7. This calculation was conducted using our proprietary Valuation Line. Currently, MELCO RESORTS & ENTERTAINMENT’s stock is traded at $12.9, which represents a 27.1% undervaluation. More…
Peers
Each of these companies has its own unique strengths and strategies to stay ahead of the game, creating a dynamic and intense competition between them.
– Las Vegas Sands Corp ($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 has seen a positive financial performance in FY2023 Q2, with total revenue increasing to USD 947.9 million compared to the prior year’s USD 296.1 million. The net income for the period also improved, reaching a figure of -23.4 million versus the prior year’s result of -251.5 million. These results are encouraging for investors, indicating that the company is well-positioned to capitalize on future growth opportunities and is in a strong financial position. Therefore, investors should consider MELCO RESORTS & ENTERTAINMENT as a potential investment option, given its current financial performance.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
