Melco International (HK:0200)
:0200
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Melco International
(0200)
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Rating:45Neutral
Price Target:
HK$4.50
▼(-6.05% Downside)
Action:UpgradedDate:12/03/25
Melco International's overall stock score is primarily impacted by its weak financial performance, characterized by high leverage and persistent losses. While technical indicators show some short-term bullish momentum, the negative P/E ratio and lack of dividend yield highlight valuation concerns. The absence of earnings call insights and corporate events further limits the assessment.
Positive Factors
Operating margin improvement
A sharp rise in gross margin to 78.33% in 2024 indicates meaningful improvements in core operating efficiency across its resort, hospitality and property activities. If sustained, higher gross margins can structurally boost cash generation and provide room to invest, service debt and support longer-term profitability recovery.
Negative Factors
Very high leverage
An extremely high debt-to-equity ratio (1373.44) sharply raises refinancing, interest and covenant risk. Structurally elevated leverage constrains strategic flexibility, increases vulnerability to rate or demand shocks, and can force asset sales or equity issuance, undermining long-term financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating margin improvement
A sharp rise in gross margin to 78.33% in 2024 indicates meaningful improvements in core operating efficiency across its resort, hospitality and property activities. If sustained, higher gross margins can structurally boost cash generation and provide room to invest, service debt and support longer-term profitability recovery.
Read all positive factors
Melco International (0200) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$9.53B
Dividend YieldN/A
Average Volume (3M)9.91M
Price to Earnings (P/E)5.8
Beta (1Y)1.11
Revenue Growth13.18%
EPS Growth86.18%
CountryHK
Employees21,795
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.32
Shares Outstanding2,275,025,600
10 Day Avg. Volume11,669,877
30 Day Avg. Volume9,908,542
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)146.42
Price to Sales (P/S)0.19
P/FCF Ratio1.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.60Price Target Upside16.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.19
Revenue Forecast (FY)HK$43.12B
Melco International Business Overview & Revenue Model
Company Description
Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, Cyprus, Japan, and Hong Kong. It operates in two segments, Casino and Hospitality, and Others. The...
How the Company Makes Money
Melco International generates revenue primarily through its gaming operations, which include casino gaming tables and slot machines located in its integrated resorts. The company earns significant income from the gaming segment, attracting high-en...
Melco International Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
30
Negative
Cash Flow
25
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.37B | 36.17B | 17.87B | 6.73B | 9.08B | 7.57B |
| Gross Profit | 29.95B | 28.34B | 6.26B | -3.24B | -2.28B | -4.24B |
| EBITDA | 8.80B | 7.12B | 5.19B | -2.07B | 556.11M | -3.71B |
| Net Income | -180.57M | -784.60M | -1.74B | -5.11B | -3.81B | -6.34B |
Balance Sheet | ||||||
| Total Assets | 84.72B | 84.75B | 89.41B | 97.09B | 94.19B | 95.53B |
| Cash, Cash Equivalents and Short-Term Investments | 9.06B | 9.03B | 10.77B | 14.34B | 13.46B | 13.86B |
| Total Debt | 63.42B | 63.11B | 65.87B | 74.57B | 61.59B | 54.15B |
| Total Liabilities | 76.63B | 76.54B | 79.04B | 83.71B | 71.73B | 64.76B |
| Stockholders Equity | 974.67M | 45.93M | 665.00M | 1.79B | 6.86B | 10.76B |
Cash Flow | ||||||
| Free Cash Flow | 3.19B | 6.37B | 6.69B | -9.51B | -7.15B | -10.74B |
| Operating Cash Flow | 5.88B | 8.73B | 8.51B | -5.19B | -2.08B | -7.19B |
| Investing Cash Flow | -5.04B | -2.22B | -1.52B | -4.11B | -4.20B | -366.19M |
| Financing Cash Flow | -1.11B | -8.10B | -10.56B | 7.22B | 3.22B | 8.11B |
Melco International Technical Analysis
Positive
4.79
Price Trends
4.20
Positive
4.41
Negative
4.71
Negative
Market Momentum
-0.08
Negative
57.50
Neutral
63.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0200, the sentiment is Positive. The current price of 4.79 is above the 20-day moving average (MA) of 3.84, above the 50-day MA of 4.20, and above the 200-day MA of 4.71, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 57.50 is Neutral, neither overbought nor oversold. The STOCH value of 63.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0200.
Melco International Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$157.41B | 15.71 | 13.12% | 3.06% | 4.94% | 15.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$42.41B | 9.82 | 344.91% | 5.73% | 5.59% | -4.38% | |
61 Neutral | HK$29.79B | 19.06 | -11.87% | 5.92% | -4.41% | -31.45% | |
52 Neutral | HK$138.56B | 22.71 | 71.16% | 2.39% | -3.13% | -13.65% | |
45 Neutral | HK$9.53B | 5.80 | -35.39% | ― | 13.18% | 86.18% | |
40 Neutral | HK$15.13B | -39.90 | -3.15% | ― | 12.29% | 98.20% |
* Consumer Cyclical Sector Average
HK:0200
Melco International
4.20
1.74
70.73%
HK:0880
SJM Holdings
2.13
0.13
6.50%
HK:2282
MGM China Holdings
11.16
2.50
28.88%
HK:0027
Galaxy Entertainment Group
35.96
10.41
40.76%
HK:1928
Sands China
17.12
4.14
31.87%
HK:1128
Wynn Macau
5.66
1.13
25.08%
Melco International Corporate Events
Melco Resorts Reports Strong Q3 2025 Financial Performance
Nov 6, 2025
Melco Resorts Entertainment Limited, a subsidiary of Melco International, reported a significant increase in its financial performance for the third quarter of 2025. The company achieved total operating revenues of $1.31 billion, marking an 11% r...
Melco Resorts Reports Strong Q3 2025 Financial Performance
Nov 6, 2025
Melco Resorts Entertainment Limited reported a significant increase in its third-quarter 2025 financial results, with total operating revenues rising by 11% to US$1.31 billion, driven by improved gaming and non-gaming operations. The company̵...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.