Professional
Added to YB: 2025-01-03
Pitch date: 2024-12-21
MLCO [bullish]
Melco Resorts & Entertainment Limited
-12.03%
current return
Author Info
No bio for this author
Company Info
Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Macau, the Philippines, Cyprus, and internationally.
Market Cap
$2.3B
Pitch Price
$6.15
Price Target
10.80 (+100%)
Dividend
N/A
EV/EBITDA
6.62
P/E
9.93
EV/Sales
1.62
Sector
Hotels, Restaurants and Leisure
Category
growth
Melco Resorts & Entertainment Limited: Results in Line; Resumption of Dividend Expected in Second Half of 2025
MLCO: Macao casino op w/ 1 of 6 licenses. Bullish on premium mass segment post-mgmt change. Studio City Ph2 (900 rooms) key growth driver. China reopening & rising middle class support. Risks: stricter regs, competition. FV $10.80, 12.6% rev CAGR 2023-28, 26.6% EBITDA margin 2024-28. High uncertainty rating.
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