MGM China Holdings (2282) AI Stock Analysis

• Market Cap: HK$61.39B
• Dividend Yield: 5.7%
• Average Volume (3M): 9.38M
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.67
• Revenue Growth: 5.59%
• EPS Growth: -4.38%
• Country: HK
• Employees: 13,327
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.37
• Shares Outstanding: 3,817,914,000
• 10 Day Avg. Volume: 8,335,628
• 30 Day Avg. Volume: 9,380,646
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$17.06
• Price Target Upside: 6.08% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 63 Neutral
• Price Target: HK$17.00 ▲(5.72% Upside)

The overall stock score is primarily driven by MGM China Holdings' financial performance, which shows a significant recovery in profitability and revenue growth. However, technical analysis indicates an overbought condition, suggesting a potential risk of price correction. Valuation metrics are favorable, with a reasonable P/E ratio and modest dividend yield. These factors collectively contribute to a moderate stock score.

MGM China Holdings Business Overview & Revenue Model

Company Description

MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau. It owns and operates MGM Macau, an integrated resort that includes a casino with 845 slot machines and 289 gaming tables; a hotel with 585 hotel rooms, suites, and villas; and amenities, including 8 restaurants, retail outlets, pool, and spa facilities, as well as a convention space. The company also owns MGM Cotai, a resort that consists of a casino with 839 slot machines and 263 gaming tables; a hotel with 1,418 hotel rooms, suites, and skylofts; 12 restaurants and bars; retail outlets; and a meeting space, as well as other non-gaming offerings. In addition, MGM China Holdings Limited is involved in the provision of outsourcing services, including information technology, accounting, human resources, hotel reservation, and convention consultation. The company was incorporated in 2010 and is headquartered in Macau. MGM China Holdings Limited is a subsidiary of MGM Resorts International Holdings, Ltd.

How the Company Makes Money

MGM China Holdings generates revenue primarily through its casino gaming operations, which include table games and electronic gaming machines. The company earns money from both mass market and VIP gaming segments, with a significant portion of its revenue coming from high-stakes gaming by VIP patrons. Additionally, MGM China derives income from its hotel operations, which include room bookings, food and beverage sales, and retail offerings. The company's revenue streams are further supported by strategic partnerships and marketing alliances that enhance its brand presence and attract visitors to its integrated resorts in Macau.

MGM China Holdings Financial Statement Overview

Summary

MGM China Holdings has shown a strong recovery with improved profitability and revenue growth in its income statement. The balance sheet shows signs of financial stability despite high leverage. Cash flow metrics are positive, but operational cash flow management needs attention.

Income Statement

MGM China Holdings has shown a strong recovery in its income statement metrics. The gross profit margin improved significantly in 2024 compared to previous years, indicating efficient cost management. Net profit margin has also increased, reflecting higher profitability. The revenue growth rate from 2023 to 2024 is robust, highlighting effective business strategies and market recovery. Despite past years of negative EBIT margins, 2024 shows positive EBIT and EBITDA margins, suggesting an operational turnaround.

Balance Sheet

The balance sheet reveals a mixed picture. While the debt-to-equity ratio remains high due to significant debt levels, the return to positive stockholders' equity in 2024 is a positive indicator of financial stability. The equity ratio is low, indicating reliance on debt financing, but the company's ability to increase equity signals potential for improving financial health. Overall, the company shows signs of strengthening its balance sheet, but high leverage remains a risk factor.

Cash Flow

Cash flow analysis shows a positive trend with a significant free cash flow in 2024, marking a strong recovery from previous years. The operating cash flow to net income ratio is healthy, indicating efficient cash generation relative to earnings. Free cash flow to net income ratio is also strong, demonstrating the company's ability to convert profits into cash. However, the decline in operating cash flow from 2023 to 2024 suggests the need for caution in operational cash management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	31.39B	24.68B	5.27B	9.41B	5.10B
Gross Profit	11.87B	19.67B	-419.99M	1.58B	-516.17M
EBITDA	8.17B	6.45B	-1.69B	-287.02M	-1.73B
Net Income	4.60B	2.64B	-5.23B	-3.85B	-5.20B
Balance Sheet
Total Assets	30.60B	29.18B	31.21B	28.44B	29.67B
Cash, Cash Equivalents and Short-Term Investments	5.32B	4.23B	6.71B	3.11B	2.64B
Total Debt	23.15B	24.30B	32.92B	24.15B	21.37B
Total Liabilities	30.08B	30.51B	35.21B	27.24B	24.65B
Stockholders Equity	527.53M	-1.33B	-4.00B	1.20B	5.02B
Cash Flow
Free Cash Flow	5.52B	7.91B	-2.41B	-977.32M	-3.81B
Operating Cash Flow	6.72B	8.27B	-2.11B	-449.61M	-2.97B
Investing Cash Flow	-1.52B	-124.64M	-1.32B	-518.49M	-831.96M
Financing Cash Flow	-4.11B	-10.62B	7.04B	1.44B	3.16B

MGM China Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2282, the sentiment is Positive. The current price of 16.08 is above the 20-day moving average (MA) of 15.88, above the 50-day MA of 14.77, and above the 200-day MA of 11.15, indicating a bullish trend. The MACD of 0.25 indicates Positive momentum. The RSI at 58.66 is Neutral, neither overbought nor oversold. The STOCH value of 80.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2282.

MGM China Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2282	63 Neutral	HK$61.39B	14.08	452.88%	5.70%	5.59%	-4.38%
Sector *	61 Neutral	$17.75B	12.56	-5.49%	3.02%	1.43%	-14.12%
SJMHF	―	$3.16B	4,340.00	0.03%	―	―	―
MDEVF	―	$1.62B	―	-220.97%	―	―	―
GXYEF	―	$23.63B	18.43	12.59%	2.50%	―	―
SCHYF	―	$21.93B	20.83	111.35%	1.35%	―	―
WYNMF	―	$4.98B	19.80		3.60%	―	―

MGM China Holdings Corporate Events

MGM China Reports H1 2025 Results and Declares Interim Dividend

MGM China Holdings Limited announced its interim financial results for the first half of 2025, reporting a slight increase in casino revenue compared to the previous year. The company declared an interim dividend of HK$0.313 per share, amounting to approximately 49.9% of the profit attributable to owners for the period. This decision reflects the company’s strong financial position and commitment to rewarding shareholders while maintaining sufficient resources for ongoing operations and future investments.

The most recent analyst rating on (HK:2282) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on MGM China Holdings stock, see the HK:2282 Stock Forecast page.

MGM China Declares Interim Dividend for 2025

MGM China Holdings Limited has announced an interim cash dividend of HKD 0.313 per share for the reporting period ending 30 June 2025. The ex-dividend date is set for 20 August 2025, with the payment date scheduled for 03 September 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may positively influence investor sentiment and market positioning.

The most recent analyst rating on (HK:2282) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on MGM China Holdings stock, see the HK:2282 Stock Forecast page.

MGM China Reports on Parent Company’s Financial Results

MGM China Holdings Limited announced the unaudited financial results of its controlling shareholder, MGM Resorts International, for the second quarter and first half of fiscal 2025. These results, prepared under US GAAP, include financial information about MGM China, but are not directly comparable to MGM China’s results prepared under IFRS. Stakeholders are advised that the financial results are unaudited and may differ from MGM China’s own financial outcomes.

The most recent analyst rating on (HK:2282) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on MGM China Holdings stock, see the HK:2282 Stock Forecast page.

MGM China Announces Release of MGM Resorts International’s Quarterly Report

MGM China Holdings Limited announced that its controlling shareholder, MGM Resorts International, has released its unaudited quarterly report for the second quarter and first half of fiscal 2025. The report, filed with the SEC, includes financial information and operating statistics for MGM China and its subsidiaries. Shareholders and potential investors are advised to exercise caution as the financial information has not been audited or reviewed by MGM China’s auditor.

The most recent analyst rating on (HK:2282) stock is a Buy with a HK$19.20 price target. To see the full list of analyst forecasts on MGM China Holdings stock, see the HK:2282 Stock Forecast page.

MGM China Schedules Board Meeting to Discuss Interim Results

MGM China Holdings Limited has announced a board meeting scheduled for August 7, 2025, to discuss and approve the interim results for the first half of the year ending June 30, 2025, and to consider the declaration of a dividend. This meeting could have significant implications for the company’s financial outlook and shareholder returns, reflecting its strategic decisions and performance in the competitive Macau gaming market.

The most recent analyst rating on (HK:2282) stock is a Buy with a HK$14.50 price target. To see the full list of analyst forecasts on MGM China Holdings stock, see the HK:2282 Stock Forecast page.

MGM China Holdings Secures Shareholder Approval for Key Resolutions at AGM

MGM China Holdings Limited announced that all proposed resolutions at its Annual General Meeting held on May 22, 2025, were approved by shareholders. The resolutions included the approval of audited financial statements, declaration of a final dividend, re-election of directors, and granting of mandates related to share issuance and repurchase. This successful approval of resolutions indicates strong shareholder support and positions the company for continued operational and strategic initiatives.

The most recent analyst rating on (HK:2282) stock is a Buy with a HK$13.25 price target. To see the full list of analyst forecasts on MGM China Holdings stock, see the HK:2282 Stock Forecast page.