/
MGM Resorts International is referred to as the Company, MGM Resorts, or the Registrant, and together with its subsidiaries may also be referred to as we, us or our. Overview MGM Resorts International is a Delaware corporation incorporated in 1986 that acts largely as a holding company and, through subsidiaries, is a global gaming and entertainment company with domestic and international locati…
$38.45
+$0.05 (+0.13%)
Price from 8 days ago
Operating margin is thin at 5.31%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue growth slowed to 1.7%, essentially flat. Margins also contracted 3.3pp. This is a business that needs a catalyst.
At 51x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $29.49B represents 20.2x FCF, leverage limits flexibility.
50.6x earnings, 7.3x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$17.54B
▲ +1.7% YoY
Net Income (TTM)
$206M
▼ -72.4% YoY
Op. Margin
5.31%
▼ -3.3pp YoY
ROIC
2.14%
▼ -2.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.46B
▲ +20.5% YoY
Op. Cash Flow (TTM)
$2.53B
▲ +7.1% YoY
Net Debt
$29.49B
Cash & Equiv.
$2.06B
5Y CAGR: +27.7%
Continue Research