Added to YB: 2025-06-12
Pitch date: 2025-06-10
MGM [bullish]
MGM Resorts International
+10.98%
current return
Author Info
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Company Info
MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.
Market Cap
$9.2B
Pitch Price
$33.70
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.49
P/E
15.16
EV/Sales
2.31
Sector
Hotels, Restaurants and Leisure
Category
growth
MGM: Cash Flow Machine meets Share Cannibal
MGM: 40% Vegas Strip mkt share, 8.1x EV/EBITDAR vs peers 6.9-8x. Growth drivers: China recovery (doubled mkt share to 16%), Japan $10B resort ($3.6B annual rev), BetMGM JV ($500M EBITDA potential, $2.5B stake value). $8.9B buybacks since 2021 reduced shares 45%. New $2B plan could cut 20% more shares. IAC owns 23%, calls it 'forever asset.'
Read full article (4 min)