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MGM China
(OTC:MCHVY)
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Rating:67Neutral
Price Target:
$18.50
▲(15.48% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by mixed fundamentals: strong recent profitability and free cash flow are offset by high balance-sheet leverage and a sharp recent revenue decline. Technicals are moderately supportive with positive momentum, while valuation is a clear positive due to the low P/E and high dividend yield.
Positive Factors
Strong free cash flow
Sustained positive free cash flow through 2023–2025 provides durable internal funding to cover capex, dividends or debt service. That consistent cash generation strengthens liquidity and gives management flexibility to invest or deleverage over the next several quarters even if revenue is volatile.
Negative Factors
Very high leverage
Extremely high leverage and a recent history of negative equity materially constrain financial flexibility. Interest and refinancing risk increase, capital allocation is limited, and deleveraging may require sizable cash or asset actions that could take many quarters, heightening medium-term solvency risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow
Sustained positive free cash flow through 2023–2025 provides durable internal funding to cover capex, dividends or debt service. That consistent cash generation strengthens liquidity and gives management flexibility to invest or deleverage over the next several quarters even if revenue is volatile.
Read all positive factors
MGM China (MCHVY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.93B
Dividend Yield6%
Average Volume (3M)0.00
Price to Earnings (P/E)8.5
Beta (1Y)0.17
Revenue Growth10.71%
EPS Growth6.57%
CountryUS
Employees13,793
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)14.52
Shares Outstanding316,682,620
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio1.06
Price to Book (P/B)17.88
Price to Sales (P/S)2.99
P/FCF Ratio8.10
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MGM China Business Overview & Revenue Model
Company Description
MGM China Holdings Limited (MCHVY) functions as an investment holding enterprise primarily dedicated to the creation, ownership, and management of integrated gaming and hospitality complexes throughout the Greater China region. The company's core ...
How the Company Makes Money
MGM China primarily makes money by operating integrated resort properties in Macau that combine casino gaming with hotel, dining, retail, and entertainment. Its core revenue stream is casino gaming, where it earns income from gaming activity on th...
MGM China Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
38
Negative
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.76B | 19.40B | 31.39B | 24.68B | 5.27B | 9.41B |
| Gross Profit | 10.48B | 10.68B | 11.87B | 19.67B | 1.65B | 1.58B |
| EBITDA | 8.42B | 8.88B | 8.02B | 6.39B | -1.69B | -287.02M |
| Net Income | 4.59B | 5.07B | 4.60B | 2.64B | -5.23B | -3.85B |
Balance Sheet | ||||||
| Total Assets | 28.88B | 29.67B | 30.60B | 29.18B | 31.21B | 28.44B |
| Cash, Cash Equivalents and Short-Term Investments | 4.03B | 4.40B | 5.32B | 4.23B | 6.71B | 3.11B |
| Total Debt | 18.19B | 19.17B | 23.15B | 24.30B | 32.92B | 24.15B |
| Total Liabilities | 25.05B | 26.42B | 30.08B | 30.51B | 35.21B | 27.24B |
| Stockholders Equity | 3.83B | 3.25B | 527.53M | -1.33B | -4.00B | 1.20B |
Cash Flow | ||||||
| Free Cash Flow | 6.64B | 7.17B | 7.07B | 7.91B | -2.41B | -977.32M |
| Operating Cash Flow | 7.93B | 8.74B | 8.27B | 8.27B | -2.11B | -449.61M |
| Investing Cash Flow | -1.47B | -1.64B | -1.52B | -124.64M | -1.32B | -518.49M |
| Financing Cash Flow | -8.02B | -8.09B | -5.66B | -10.62B | 7.04B | 1.44B |
MGM China Technical Analysis
Negative
16.02
Price Trends
16.13
Negative
16.37
Negative
18.77
Negative
Market Momentum
0.01
Positive
44.02
Neutral
5.59
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MCHVY, the sentiment is Negative. The current price of 16.02 is below the 20-day moving average (MA) of 16.33, below the 50-day MA of 16.13, and below the 200-day MA of 18.77, indicating a bearish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 44.02 is Neutral, neither overbought nor oversold. The STOCH value of 5.59 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MCHVY.
MGM China Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $4.93B | 8.53 | 129.87% | 5.91% | 10.71% | 6.57% | |
63 Neutral | $29.61B | 17.71 | 141.97% | 2.39% | 18.11% | 29.86% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $10.79B | 23.56 | -174.87% | 1.03% | 6.36% | 21.32% | |
58 Neutral | $11.10B | 26.34 | 16.96% | ― | 3.19% | -8.14% | |
55 Neutral | $6.06B | -13.00 | -12.62% | ― | 2.41% | -146.70% | |
54 Neutral | $2.16B | 9.49 | -17.64% | ― | 11.55% | 313.70% |
* Consumer Cyclical Sector Average
MCHVY
MGM China
15.78
-7.85
-33.23%
LVS
Las Vegas Sands
45.68
-7.29
-13.77%
MLCO
Melco Resorts & Entertainment
5.52
-3.00
-35.21%
MGM
MGM Resorts
43.98
7.65
21.06%
WYNN
Wynn Resorts
102.97
-7.39
-6.70%
CZR
Caesars Entertainment
29.63
4.10
16.06%
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.