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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 Market Closed
Market Cap: €4.6B

EV/OCF

6.5
Current
8%
Cheaper
vs 3-y average of 7

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
6.5
=
Enterprise Value
€52.3B
/
Operating Cash Flow
HK$8.3B

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
6.5
=
Enterprise Value
€52.3B
/
Operating Cash Flow
HK$8.3B

Valuation Scenarios

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

If EV/OCF returns to its 3-Year Average (7), the stock would be worth €1.3 (8% upside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-76%
Maximum Upside
+8%
Average Downside
36%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 6.5 €1.2
0%
3-Year Average 7 €1.3
+8%
5-Year Average 6.3 €1.18
-2%
Industry Average 1.6 €0.29
-76%
Country Average 1.6 €0.29
-76%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close

Market Distribution

In line with most companies in Macao
Percentile
31st
Based on 24 companies
31st percentile
0.7
Low
0.5 — 0.5
Typical Range
0.5 — 7.1
High
7.1 —
Distribution Statistics
Macao
Min 0.5
30th Percentile 0.5
Median 1.6
70th Percentile 7.1
Max 12.6

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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