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Melco Resorts & Entertainment Limited (MLCO)

NEUTRAL
Consumer CyclicalResorts & CasinosHong Kong

基本面

46

价格

$5.43

市值

$2.08B

第一部分 · 这家公司值多少

概览

Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Macau, the Philippines, Cyprus, and internationally. It operates through City of Dreams, Studio City, Altira Macau, Mocha, City of Dreams Manila, City of Dreams Mediterranean and Other, Other Operations, and Corporate and Other segments. The company owns and operates City of Dreams, an integrated resort that has gaming tables and gaming machines; suites and villas; food and beverage outlets; retail outlets; a wet stage performance theater; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spas and salons, and banquet and meeting facilities in Cotai, Macau. It also operates Studio City, a cinematically themed integrated resort with gaming facilities, hotel, entertainment, retail, and food and beverage outlets in Cotai, Macau; and Altira Macau, an integrated resort, which offers gaming tables and gaming machines, hotel rooms, dining and casual restaurants, and recreation and leisure facilities in Taipa, Macau. In addition, the company owns and operates Mocha Clubs, which are clubs with gaming machines in Macau; City of Dreams Manila, an integrated resort in the Entertainment City complex in Manila; City of Dreams Mediterranean, an integrated resort in Limassol, Cyprus; and three satellite casinos in Nicosia, Ayia Napa, and Paphos in Cyprus. Further, it is involved in the operation of the Sri Lanka Casino and management of Nüwa Sri Lanka located in City of Dreams Sri Lanka, as well as development projects in other countries. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was founded in 2003 and is based in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.

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Direct competitors

Who this company fights with for the same customers

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资产负债表与流动性

营收

$5.30B

最近12个月(截至2026/3/31)

净利润

$229M

最近12个月(截至2026/3/31)

自由现金流

-

股东权益合计

$-1.64B

负债合计

$7.31B

流动比率

1.01

利息覆盖率

-

债务/EBITDA

5.87

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

General case被低估

公允价值

$8.04

当前价格

$5.43

安全边际

+32.4%

公允价值区间

$5.22 - $10.85

估算方法

Analyst price target:$7.35
Discounted cash flow (DCF):$15.11
Earnings multiple (P/E):$5.49
Graham growth formula:$9.61
Earnings power value (EPV):$4.26
Justified P/B:Not enough data to compute it
Dividend discount (Gordon):-
P/FFO, funds from operations:Not enough data to compute it
Mid-cycle earnings:Not enough data to compute it
Revenue multiple:Not enough data to compute it
分析师共识:买入 (13B / 5H / 0S)
最近财报超预期:+81.23%

估值指标

市盈率(P/E)

9.28

ROE

-217.7%

市净率(P/B)

-

P/FCF

-

毛利率

38.2%

ROIC

7.4%

盈利能力雷达图

Value Creation (Economic Moat)

ROIC

7.4%

WACC

1.8%

ROIC − WACC

+5.6 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

基本面分析标准

通过(8)

  • ROIC 7.4%
  • Gross Margin 38.2%
  • Current Ratio
  • Debt/EBITDA
  • Revenue Growth 5Y 24.5%
  • Analyst Consensus 72% Buy
  • Earnings Surprise avg 26.6%
  • Net Margin Trend 3.6% vs 0.9%

未通过(4)

  • Price CAGR -10.09%
  • DCF valuation (Unknown)
  • ROE -217.7%
  • Piotroski F-Score 0/9

不可用(15)

  • EPS data insufficient
  • P/FCF NaN
  • P/B Ratio NaN
  • Dividend Payout NaN%
  • Debt/Equity ratio
  • Operating Margin NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)
  • Share Dilution (missing shares data)

Piotroski F-评分

0/9

存在严重财务隐患

score
criteria

盈利质量

-

低质量:需深入审查会计处理

股权稀释

-

正在回购股份,对股东友好

公司治理

管理团队

姓名职位年龄
Mr. Yau Lung HoFounder, Chairman & CEO48
Mr. Evan Andrew WinklerPresident & Director50
Mr. Geoffrey Stuart Davis C.F.A.Executive VP & CFO56
Mr. Graham Paul WinterExecutive VP, Company Secretary & Chief Legal Officer60
Ms. Chimmy LeungExecutive Director of Corporate Communications-
Ms. Akiko TakahashiExecutive VP and Chief of Staff to Chairman & CEO72
Mr. David Ross SiskCOO of Macau Resorts63
Ms. Jeanny KimSenior VP & Group Treasurer-

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

Latest News

Recent headlines for MLCO, sourced from Markets Gazette.

No recent news for MLCO.