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IntroductionThe concept of valuationRevenue and revenue growthVariable costsFixed costsProduction assets

Intrinsic value of MGM Resorts International (MGM)

Previous Close$37.27
Intrinsic Value$18.48
Upside potential  -50%
Previous Close
$37.27
Intrinsic Value
$18.48
Potential        
-50%

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh18.48 18.48

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2022-09-30.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %87.5NaN
Revenue, $9680NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m7401NaN
Operating income, $m2279NaN
EBITDA, $m3470NaN
Interest expense (income), $mNaN
Earnings before tax, $m1429NaN
Tax expense, $m253NaN
Net income, $m1176NaN

BALANCE SHEET

Cash and short-term investments, $m5203NaN
Total assets, $m44094NaN
Adjusted assets (=assets-cash), $m38891NaN
Average production assets, $m30840NaN
Working capital, $m2974NaN
Total debt, $m24768NaN
Total liabilities, $m38023NaN
Total equity, $m6071NaN
Debt-to-equity ratio4.080NaN
Adjusted equity ratio0.051NaN

CASH FLOW

Net income, $m1176NaN
Depreciation, amort., depletion, $m1191NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m1373NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-384NaN
Free cash flow, $m1758NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m2974
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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