Professional
Added to YB: 2024-03-05
Pitch date: 2024-03-04
MGM [bullish]
MGM Resorts International
-10.16%
current return
Author Info
No bio for this author
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
$41.63
Price Target
55.00 (+47%)
Dividend
N/A
EV/EBITDA
8.49
P/E
15.16
EV/Sales
2.31
Sector
Hotels, Restaurants and Leisure
Category
growth
MGM's Macao Performing Well as the Region's Demand Recovers
MGM: Poised for growth on Macao recovery (17% EBITDAR), US sports betting & iGaming via BetMGM (50% stake), Japan resort ('30, 5% EBITDAR). Vegas exposure & low moat limit upside. $55 PT on 10x '24 EV/EBITDAR. Balanced capital allocation: debt reduction, growth, shareholder returns.
Read full article (9 min)