MGM China (MCHVY)
OTHER OTC:MCHVY
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MGM China
(OTC:MCHVY)
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Rating:58Neutral
Price Target:
$18.00
▼(-6.88% Downside)
Action:DowngradedDate:04/04/26
The score is primarily driven by mixed fundamentals: strong profitability and free cash flow are offset by high leverage and a significant 2025 revenue decline. Technicals add pressure due to a sustained downtrend and negative momentum, while valuation (moderate P/E and high dividend yield) provides meaningful support.
Positive Factors
Strong free cash flow generation
Consistent, sizable free cash flow through 2023–2025 demonstrates the business converts profits into cash reliably. Durable FCF supports capex, shareholder returns or debt reduction, improving resilience across tourism cycles and providing financial flexibility despite cyclical revenue swings.
Negative Factors
High leverage and thin equity cushion
Extremely elevated leverage and historically negative equity leave little capital buffer. Structurally higher debt increases refinancing and interest-service risk, constrains strategic investments, and amplifies downside in economic or demand shocks, limiting long-term financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Consistent, sizable free cash flow through 2023–2025 demonstrates the business converts profits into cash reliably. Durable FCF supports capex, shareholder returns or debt reduction, improving resilience across tourism cycles and providing financial flexibility despite cyclical revenue swings.
Read all positive factors
MGM China (MCHVY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.42B
Dividend Yield3.92%
Average Volume (3M)0.00
Price to Earnings (P/E)11.5
Beta (1Y)0.37
Revenue Growth5.99%
EPS Growth-4.03%
CountryUS
Employees13,327
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)1.09
Shares Outstanding316,666,660
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio1.07
Price to Book (P/B)17.88
Price to Sales (P/S)2.99
P/FCF Ratio8.10
Enterprise Value/Market Cap10.55
Enterprise Value/Revenue2.13
Enterprise Value/Gross Profit3.02
Enterprise Value/Ebitda6.44
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, 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 ga...
How the Company Makes Money
MGM China primarily makes money by operating integrated resort properties in Macau that generate revenue from (1) casino gaming and (2) non-gaming resort operations. Casino gaming revenue is earned from wagers placed on table games and slot machin...
MGM China Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
38
Negative
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 19.40B | 31.39B | 24.68B | 5.27B | 9.41B |
| Gross Profit | 10.68B | 11.87B | 19.67B | 1.65B | 1.58B |
| EBITDA | 8.88B | 8.02B | 6.39B | -1.69B | -287.02M |
| Net Income | 5.07B | 4.60B | 2.64B | -5.23B | -3.85B |
Balance Sheet | |||||
| Total Assets | 29.67B | 30.60B | 29.18B | 31.21B | 28.44B |
| Cash, Cash Equivalents and Short-Term Investments | 4.40B | 5.32B | 4.23B | 6.71B | 3.11B |
| Total Debt | 19.17B | 23.15B | 24.30B | 32.92B | 24.15B |
| Total Liabilities | 26.42B | 30.08B | 30.51B | 35.21B | 27.24B |
| Stockholders Equity | 3.25B | 527.53M | -1.33B | -4.00B | 1.20B |
Cash Flow | |||||
| Free Cash Flow | 7.17B | 7.07B | 7.91B | -2.41B | -977.32M |
| Operating Cash Flow | 8.74B | 8.27B | 8.27B | -2.11B | -449.61M |
| Investing Cash Flow | -1.64B | -1.52B | -124.64M | -1.32B | -518.49M |
| Financing Cash Flow | -8.09B | -5.66B | -10.62B | 7.04B | 1.44B |
MGM China Technical Analysis
Negative
19.33
Price Trends
18.98
Negative
20.86
Negative
22.21
Negative
Market Momentum
-0.55
Negative
41.06
Neutral
62.11
Neutral
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 19.33 is above the 20-day moving average (MA) of 17.62, above the 50-day MA of 18.98, and below the 200-day MA of 22.21, indicating a bearish trend. The MACD of -0.55 indicates Negative momentum. The RSI at 41.06 is Neutral, neither overbought nor oversold. The STOCH value of 62.11 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | $9.55B | 46.86 | 7.55% | ― | 0.05% | -94.07% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $5.42B | 11.46 | 194.66% | 3.92% | 5.99% | -4.03% | |
57 Neutral | $35.91B | 27.64 | 82.89% | 1.51% | 8.37% | 10.20% | |
57 Neutral | $2.20B | 16.39 | -13.94% | ― | 11.32% | ― | |
57 Neutral | $5.47B | -9.69 | -13.18% | ― | 0.87% | 31.28% | |
54 Neutral | $10.94B | 38.12 | -90.44% | 0.80% | -0.26% | -44.45% |
* Consumer Cyclical Sector Average
MCHVY
MGM China
17.13
3.16
22.62%
LVS
Las Vegas Sands
53.45
22.02
70.03%
MLCO
Melco Resorts & Entertainment
5.63
0.87
18.28%
MGM
MGM Resorts
37.32
7.97
27.16%
WYNN
Wynn Resorts
104.00
31.47
43.39%
CZR
Caesars Entertainment
26.88
1.55
6.12%
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.