MLCO Intrinsic Value – MELCO RESORTS & ENTERTAINMENT Honored by The European Property Awards 2023 for City of Dreams Mediterranean
July 8, 2023
☀️Trending News
MELCO RESORTS & ENTERTAINMENT ($NASDAQ:MLCO) is proud to announce that its City of Dreams Mediterranean has been awarded The European Property Awards 2023 in Macau on July 03. This award honored the company’s commitment to excellence in building a vibrant and world-class destination. MELCO RESORTS & ENTERTAINMENT is a worldwide leisure and entertainment corporation, with operations spanning multiple business segments including gaming, hospitality, entertainment, retail and other services. It owns and operates gaming and entertainment establishments in Macau, Singapore, the Philippines, Cyprus, the United Kingdom, South Africa, Japan and the United States.
The company has established an impressive presence in the global gaming industry through its portfolio of iconic resorts and innovative gaming offerings. This destination is home to a variety of unique experiences, such as world-class entertainment venues, a luxurious hotel, state-of-the-art spa, private residences and a wide range of restaurants and bars.
Share Price
On Monday, MELCO RESORTS & ENTERTAINMENT stock opened at $12.4 and closed at $12.7, up by 4.0% from its previous closing price of $12.2. This positive development reflects the confidence investors have in the company, and their optimism about the award-winning City of Dreams Mediterranean. The award is recognition of the outstanding design standards of the resort, as well as its commitment to providing an immersive and luxurious gaming and entertainment experience for its patrons. 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 |
| 1.59k | -828.53 | -52.1% |
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 |
| 8.76k | 9.36k | -2.49 |
Key Ratios Snapshot
Some of the financial key ratios for MLCO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -32.7% | 27.2% | -36.2% |
| FCF Margin | ROE | ROA |
| -78.0% | 36.9% | -4.1% |
Analysis – MLCO Intrinsic Value
At GoodWhale, we believe that MELCO RESORTS & ENTERTAINMENT is currently trading at a great value. Our proprietary Valuation Line has calculated the fair value of MELCO RESORTS & ENTERTAINMENT’s stock to be around $12.9. Currently, the stock is trading at $12.7, which means it is undervalued by 1.7%. This presents a great opportunity for investors to get in on a great company at a discounted price. More…
Peers
Each of these companies has its own unique strengths and strategies to stay ahead of the game, creating a dynamic and intense competition between them.
– Las Vegas Sands Corp ($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, a leading Asian integrated resort developer and operator, has seen its stock price move up today following the news of its City of Dreams Mediterranean being honored at the European Property Awards 2023. Investors have seen the award as a sign of Melco’s commitment to delivering quality projects, and its financial performance indicating strong growth potential. Its portfolio of resorts in Macau, the Philippines, Japan, and Cyprus has driven a strong performance in the last year, and the company’s focus on diversifying its offerings has shown further potential for success in the future. As such, Melco is an attractive option for investors seeking a company with strong fundamentals and a promising outlook.
