Professional
Added to YB: 2024-11-18
Pitch date: 2024-11-18
MGM [bullish]
MGM Resorts International
+2.16%
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
$36.61
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
value
Idea Brunch with Ameya Shinde of Multiples Capital Management - MGM Resorts International
MGM: 12% FCF yield, 40% shares repurchased in 3yrs. Asset-light model, 8x EV/EBITDAR. Macau recovery, BetMGM $500M EBITDA target (50% of mkt cap). Int'l expansion (UK, Netherlands, LatAm). Japan/ME casino potential. Misunderstood due to lease liabilities. Strong growth, low valuation.
Read full article (2 min)