MGM China Holdings Ltd
HKEX:2282

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MGM China Holdings Ltd
HKEX:2282
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Price: 12.9 HKD 1.65%
Market Cap: HK$49B

Operating Margin

19%
Current
Improving
by 3.8%
vs 3-y average of 15.3%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
19%
=
Operating Income
HK$6.1B
/
Revenue
HK$31.8B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin
19%
=
Operating Income
HK$6.1B
/
Revenue
HK$31.8B

Peer Comparison

Country Company Market Cap Operating
Margin
MO
MGM China Holdings Ltd
HKEX:2282
49B HKD
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US
Las Vegas Sands Corp
NYSE:LVS
38.2B USD
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IE
Flutter Entertainment PLC
LSE:FLTR
20.4B GBP
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HK
Galaxy Entertainment Group Ltd
HKEX:27
184.5B HKD
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AU
Aristocrat Leisure Ltd
ASX:ALL
32B AUD
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MO
Sands China Ltd
HKEX:1928
145.7B HKD
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US
DraftKings Inc
NASDAQ:DKNG
13.2B USD
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SE
Evolution AB (publ)
STO:EVO
113.3B SEK
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US
Wynn Resorts Ltd
NASDAQ:WYNN
11.3B USD
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US
Scientific Games Corp
F:TJW
9.3B EUR
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ZA
Sun International Ltd
JSE:SUI
10.3B ZAR
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Market Distribution

Higher than 85% of companies in Macao
Percentile
85th
Based on 38 companies
85th percentile
19%
Low
-2 349.5% — 2.1%
Typical Range
2.1% — 5.7%
High
5.7% — 47.8%
Distribution Statistics
Macao
Min -2 349.5%
30th Percentile 2.1%
Median 2.3%
70th Percentile 5.7%
Max 47.8%

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.

Intrinsic Value
24.44 HKD
Undervaluation 47%
Intrinsic Value
Price
What is Operating Margin?
Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.
How is Operating Margin calculated?

Operating Margin is calculated by dividing the Operating Income by the Revenue.

Operating Margin
19%
=
Operating Income
HK$6.1B
/
Revenue
HK$31.8B
What is MGM China Holdings Ltd's current Operating Margin?

The current Operating Margin for MGM China Holdings Ltd is 19%, which is above its 3-year median of 15.3%.

How has Operating Margin changed over time?

Over the last 3 years, MGM China Holdings Ltd’s Operating Margin has increased from -35.5% to 19%. During this period, it reached a low of -68.3% on Dec 31, 2022 and a high of 20.6% on Jun 30, 2024.

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