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Melco Resorts and Entertainment Ltd ADR MLCO Stock Quote

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Last close prices updated as of Feb 02, 2023, 4:19 AM EST | USD | BATS BZX Real-Time Price
  • Last Close 13.67
  • Sector Consumer Cyclical
  • Industry Resorts & Casinos
  • Investment Style
  • Day Range 13.33  –  14.11
  • Year Range 4.06  –  14.24
  • Market Cap 6.0844 Bil
  • Volume / Avg 1.0 /  5.7 Mil
  • Price / Sales 4.32
  • Price / Book 103.94
  • Forward Div Yield
  • Trailing Div Yield 1.21%

Morningstar‘s Stock Analysis MLCO

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Lowering Uncertainty Rating to High for Macao Gaming Companies on Improved Demand Visibility

Jennifer Song Senior Equity Analyst

Analyst Note

| Jennifer Song |

We have lowered our Morningstar Uncertainty Rating to High from Very High for the Macao gaming companies under coverage, as the removal of China’s COVID-19 restrictions from Jan. 8 should have removed the major hurdle that has been hindering Macao’s recovery over the past three years. Although it is likely that Macao and China will experience additional COVID-19 waves, which may cause demand to fluctuate, the evidence from other countries shows that the impact on the recovery trend was shorter and less impactful with each wave. We expect the same in Macao, and we have improved visibility around our existing base-case assumption that industry gross gaming revenue, or GGR, will return to 50% of 2019’s level, or MOP 145 million, in 2023, up from 14.4% in 2022. This is slightly higher than the Macao government’s estimate of MOP 130 million, reflecting a more upbeat outlook on the pent-up demand from both mainland China and Hong Kong.

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Key Statistics MLCO

Company Profile MLCO

Business Description

Melco Resorts is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium-end patrons; and Mocha Clubs electronic gaming machines. In addition, the company also has a majority interest in Studio City opened in October 2015. Outside Macao, Melco also owns City of Dreams Manila in Philippines, and City of Dreams Mediterranean in Cyprus. The business mix in term of adjusted EBITDA was about 84% from Macao, and the rest largely from Philippines as of the prepandemic 2019 levels.

60 Wyndham Street, 38th Floor, The Centrium, Central
Hong Kong, HKG
Industry Resorts & Casinos
Employees 17,878

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FAQs for Melco Resorts and Entertainment Ltd ADR Stock

No. MLCO does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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MLCO’s market cap is 6.08 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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MLCO’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare MLCO’s historical performance against its industry peers and the overall market.