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Melco International
(OTC:0200)
Melco International (0200) vs. iShares MSCI Hong Kong ETF (EWH)
Melco International Business Overview & Revenue Model
Melco International Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 36.17B | 17.87B | 6.73B | 9.08B | 7.57B | Gross Profit |
| 28.34B | 6.26B | -3.24B | -2.28B | -4.24B | EBIT |
| 2.65B | 1.79B | -6.18B | -5.32B | -8.12B | EBITDA |
| 7.12B | 5.19B | -2.07B | 556.11M | -3.71B | Net Income Common Stockholders |
| -784.60M | -1.74B | -5.11B | -3.81B | -6.34B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 9.03B | 10.77B | 15.59B | 13.46B | 13.86B | Total Assets |
| 84.75B | 89.41B | 97.09B | 94.19B | 95.53B | Total Debt |
| 63.11B | 65.87B | 74.57B | 61.59B | 54.15B | Net Debt |
| 54.08B | 55.11B | 59.00B | 48.13B | 40.33B | Total Liabilities |
| 76.54B | 79.04B | 83.71B | 71.73B | 64.76B | Stockholders Equity |
| 45.93M | 665.00M | 1.79B | 6.86B | 10.76B |
| Cash Flow | Free Cash Flow | |||
| 6.37B | 6.63B | -9.51B | -7.15B | -10.74B | Operating Cash Flow |
| 8.73B | 8.51B | -5.19B | -2.08B | -7.19B | Investing Cash Flow |
| 0.00 | -1.52B | -3.51B | -4.73B | 1.61B | Financing Cash Flow |
| 0.00 | -10.56B | 13.69B | 6.30B | 8.03B |
Melco International Technical Analysis
Melco International Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $6.98B | 11.41 | 2.80% | 4.24% | 2.68% | -24.94% | |
34 Underperform | $7.88B | ― | -220.97% | ― | 23.05% | 55.01% | |
| $2.31B | 3,240.00 | 0.03% | ― | ― | ― | ||
| $5.23B | 8.73 | 4.77% | ― | ― | |||
| $18.44B | 15.00 | 11.92% | 3.34% | ― | ― | ||
| $16.37B | 14.33 | 203.51% | 13.51% | ― | ― | ||
| $3.52B | 7.90 | 7.68% | ― | ― |
Melco International Corporate Events
Melco International Development Limited announced a delay in the dispatch of a circular related to a major transaction involving a share repurchase program by its subsidiary, Melco Resorts & Entertainment Limited. The company has received approval from the Stock Exchange for an extension to send out the circular by May 26, 2025, due to additional time needed to finalize information, which may impact shareholder communications and compliance timelines.
Melco International Development Limited has announced its upcoming annual general meeting (AGM) scheduled for June 5, 2025, to be held electronically. Key agenda items include the adoption of financial statements, re-election of directors, re-appointment of Deloitte Touche Tohmatsu as auditors, and resolutions regarding share repurchase and issuance. These decisions are pivotal for the company’s governance and financial strategies, potentially impacting its market positioning and shareholder value.
Melco International Development Limited has announced a proposed rights issue to raise up to approximately HK$781.07 million by issuing new shares at a subscription price of HK$1.0286 per share. The proceeds from this rights issue will primarily be used to repay a portion of the principal and interest of the company’s 2021 Credit Facility. The rights issue will be available only to qualifying shareholders, with no minimum amount required to be raised, and will proceed on a non-underwritten basis.
Melco International announced a major transaction involving a share repurchase program by its subsidiary, Melco Resorts & Entertainment Limited. The program allows Melco Resorts to buy back up to US$500 million worth of its shares and/or ADSs over three years. As of the announcement, approximately 32.4 million ADSs have been repurchased for US$174 million. The company has secured shareholder approval to proceed with the repurchase program without further meetings, ensuring compliance with listing rules. This move is expected to impact the company’s financial structure and market positioning, potentially enhancing shareholder value.
Melco International reported a significant increase in net revenues for the year ended 31 December 2024, driven by the recovery of inbound tourism to Macau and the expansion of its operations with new developments like Studio City Phase 2 and City of Dreams Mediterranean. Despite the revenue growth, the company still recorded a loss attributable to its owners, although it was reduced compared to the previous year. The board decided not to recommend a final dividend for the year.
Melco International Development Limited has announced a board meeting scheduled for March 28, 2025, to approve the final results for the year ending December 31, 2024. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and stakeholder interests.
Melco International Development Limited announced an expected asset impairment ranging from HK$838 million to HK$1,024 million related to its Studio City resort in Macau, which will increase the company’s net loss for 2024 by approximately HK$774 million to HK$956 million. Despite this impairment, which is a non-cash item, the company’s cash flow, operations, and liquidity remain unaffected. The impairment is attributed to the longer-than-expected ramp-up of operations following the opening of Studio City Phase 2, and it highlights the challenges faced by the company in aligning with Hong Kong Financial Reporting Standards.
Melco International Development Limited announced the termination of its joint venture cooperation agreement with Agile JV Parties for land development in Zhongshan due to unmet provisions. The company has initiated arbitration proceedings to seek compensation and has recorded an impairment of HK$104,171,000 on investment costs related to the project.
Melco Resorts & Entertainment Limited reported a 9% increase in total operating revenues for the fourth quarter of 2024, reaching US$1.19 billion, driven by improved performance across all gaming segments and non-gaming operations. Despite a net loss of US$20.3 million, the company showed significant recovery from the previous year’s loss, with strategic investments in Macau contributing to increased market share and property visitation exceeding pre-pandemic levels.
Melco Resorts & Entertainment Limited reported a 9% increase in total operating revenues for the fourth quarter of 2024, reaching US$1.19 billion, driven by improved performance across all gaming segments and non-gaming operations. Despite a net loss of US$20.3 million for the quarter, this was a significant improvement from the previous year’s loss, indicating a positive trajectory for the company’s financial health and market positioning.
Melco Resorts & Entertainment Limited, a subsidiary of Melco International, is exploring strategic alternatives for City of Dreams Manila, a resort managed by its subsidiary Melco Resorts Leisure. The company has engaged CBRE Capital Advisors, Inc. and Moelis & Company LLC as financial advisors for this process, but no decisions have been made yet, and there is no assurance of any resulting transaction.