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MGM China Holdings Ltd
F:M04

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MGM China Holdings Ltd
F:M04
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Price: 1.2 EUR -1.64% Market Closed
Market Cap: €4.6B

EV/EBIT

7.9
Current
13%
Cheaper
vs 3-y average of 9

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
7.9
=
Enterprise Value
€52.3B
/
EBIT
HK$6.8B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
7.9
=
Enterprise Value
€52.3B
/
EBIT
HK$6.8B

Valuation Scenarios

MGM China Holdings Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (9), the stock would be worth €1.38 (15% upside from current price).

Statistics
Positive Scenarios
1/3
Maximum Downside
-69%
Maximum Upside
+15%
Average Downside
41%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 7.9 €1.2
0%
3-Year Average 9 €1.38
+15%
Industry Average 2.4 €0.37
-69%
Country Average 2.4 €0.37
-69%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
€52.3B
/
Jan 2026
HK$6.8B
=
7.9
Current
€52.3B
/
Dec 2026
HK$6.6B
=
7.9
Forward
€52.3B
/
Dec 2027
HK$6.9B
=
7.6
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
MO
MGM China Holdings Ltd
F:M04
42.8B EUR 7.9 8.4
US
Las Vegas Sands Corp
NYSE:LVS
38.4B USD 15 21.5
AU
Aristocrat Leisure Ltd
ASX:ALL
29.5B AUD 14.9 18
HK
Galaxy Entertainment Group Ltd
HKEX:27
149.8B HKD 14 14.1
IE
Flutter Entertainment PLC
LSE:FLTR
13.8B GBP 40.2 -44.6
MO
Sands China Ltd
HKEX:1928
138.6B HKD 17.4 19.8
SE
Evolution AB (publ)
STO:EVO
123.7B SEK 8.5 10.8
GR
Organization of Football Prognostics SA
ATHEX:ALWN
9.6B EUR 13.7 19.9
US
DraftKings Inc
NASDAQ:DKNG
11.1B USD -1 079.9 2 950.7
US
Wynn Resorts Ltd
NASDAQ:WYNN
11.1B USD 17.4 33.4
ZA
Sun International Ltd
JSE:SUI
10.8B ZAR 6.1 6.7

Market Distribution

In line with most companies in Macao
Percentile
30th
Based on 24 companies
30th percentile
0.9
Low
0.7 — 0.7
Typical Range
0.7 — 9.7
High
9.7 —
Distribution Statistics
Macao
Min 0.7
30th Percentile 0.7
Median 2.4
70th Percentile 9.7
Max 1 433

MGM China Holdings Ltd
Glance View

MGM China Holdings Ltd., a prominent player in Macau's flourishing gaming industry, operates as a subsidiary of MGM Resorts International, leveraging the parent company's long-standing expertise in the entertainment and hospitality sectors. The company is strategically focused on the development and operation of casino gaming facilities, alongside integrated resort experiences that highlight luxury accommodations, high-end shopping, fine dining, and entertainment venues. At its core, MGM China's revenue-generating machine revolves around its flagship resort, MGM Macau, and its notable expansion project, MGM Cotai, both situated in the glitzy Cotai Strip. This enables it to attract a continual stream of high-stakes gamblers and leisure tourists alike, feeding into both the mass market and VIP gaming segments. The firm's prowess lies not only in the dazzling allure of its gaming tables and slot machines but also in the diversified non-gaming offerings that create a holistic experience, encouraging longer stays and increased spending per visitor. Beyond the gaming floors, MGM China capitalizes on consumer demand for luxury through its opulent hotels and personalized hospitality services, earning a robust reputation in the competitive Macau landscape. Furthermore, by blending traditional Chinese cultural elements with modern entertainment, the company positions itself as a multifaceted destination catering to diverse customer preferences. With a keen eye on customer service and innovative marketing approaches, MGM China continues to secure its place as a leading light in one of the world's most lucrative gaming markets.

M04 Intrinsic Value
2.96 EUR
Undervaluation 59%
Intrinsic Value
Price €1.2
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