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MGM Resorts International MGM Stock Quote

| Rating as of

NYSE: MGM

Last close prices updated as of Feb 03, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 41.71
  • Sector Consumer Cyclical
  • Industry Resorts & Casinos
  • Investment Style Mid Blend
  • Day Range 40.81  –  42.21
  • Year Range 26.41  –  49.00
  • Market Cap 16.0175 Bil
  • Volume / Avg 2.0 /  4.4 Mil
  • Price / Sales 1.44
  • Price / Book 3.31
  • Forward Div Yield 0.02%
  • Trailing Div Yield 0.02%

Morningstar‘s Stock Analysis MGM

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Macao Gross Gaming Revenue Jumps in January, Aided by Reduced Restrictions and Chinese New Year

Dan Wasiolek Senior Equity Analyst

Analyst Note

| Dan Wasiolek |

January 2023 Macao industry gross gaming revenue, or GGR, surged to over 40% of 2019’s level (up 83% year over year) versus the midteens level seen during 2021, helped by the removal of travel restrictions on Jan. 8 ahead of the Chinese New Year holiday. The results represent the strongest month of gaming demand since January 2020 (before travel restrictions were fully implemented). This buoys our long-held view that there is a global human-ingrained desire to travel and supports our decision last month to lower the Uncertainty Rating to High from Very High for Macau exposed companies Wynn and Las Vegas Sands. That said, there are factors that could make the recovery volatile over the coming months. First, this year’s January included the New Year holiday, which was in February during 2019, making for a tougher comparison with prepandemic marks for this current month. Also, various reports indicate that the reopening of Macao to Hong Kong in January resulted in the majority of visitation during the New Year holiday coming from that region were versus the high-teens percentage the region averaged in 2019, and it remains to be seen how much of this pent-up demand can endure. Finally, there could be additional COVID-19 variants during the coming months that might impact demand. We plan to monitor gaming trends closely and maintain our forecast for 2023 industry GGR to reach around 50% of 2019’s level, or more than a 200% year-over-year increase, followed by a near full recovery in 2024.

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Key Statistics MGM

Company Profile MGM

Business Description

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Cosmopolitan, Luxor, New York-New York, and CityCenter. The Strip contributed approximately 49% of total EBITDAR in the prepandemic year of 2019. MGM also owns U.S. regional assets, which represented 29% of 2019 EBITDAR. we estimate MGM's U.S. sports and iGaming operations are currently a mid-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM Macau casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2027.

Contact
3600 Las Vegas Boulevard South
Las Vegas, NV, 89109
Industry Resorts & Casinos
Employees 69,000

Related Articles MGM

FAQs for MGM Resorts International Stock

Yes. MGM has a forward dividend yield of 0.02%. See MGM’s full dividends and stock split history on the Dividend tab.
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.

Learn more about dividend yield.

MGM’s market cap is 16.02 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.

Learn more about market capitalization.

MGM’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

MGM’s price/sales is 1.44.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

MGM’s price/forward earnings is 58.48.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

MGM’s price/book is 3.31.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See MGM’s valuation ratios compared to the Market Index.

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