MGM China Holdings Limited (2282.HK) stock price, financials & research

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Company profile

MGM China Holdings Limited functions as an investment holding firm dedicated to the development, ownership, and management of gaming and hospitality complexes throughout the Greater China region. The company's core activities encompass the operation of various casino games, alongside managing associated hotel and resort amenities, and offering hotel management services. It also specializes in conceiving and establishing integrated resorts within Macau. Among its key assets is MGM Macau, an integrated resort boasting a casino with 845 slot machines and 289 gaming tables, a 585-room hotel featuring suites and villas, complemented by eight dining establishments, retail outlets, a swimming pool, spa facilities, and convention spaces. Another significant property is MGM Cotai, a resort that includes a casino offering 839 slot machines and 263 gaming tables, a hotel providing 1,418 rooms, suites, and skylofts, twelve restaurants and bars, shopping areas, meeting venues, and an array of non-gaming attractions. Furthermore, MGM China Holdings Limited extends outsourcing services for functions such as information technology, accounting, human resources, hotel reservations, and conference planning. Established in 2010 and headquartered in Macau, the company is a subsidiary of MGM Resorts International Holdings, Ltd.

Industry: Gambling, Resorts & Casinos
Sector: Consumer Cyclical
Headquarters: MO
CEO: Xiaofeng Feng
Listed since: Jun 3, 2011
Employees: 13,900

Market position

Day range

Current HK$10.18

HK$10.10HK$10.20

52-week range

Current HK$10.18

HK$9.75HK$17.12

Open: HK$10.20
Previous close: HK$10.26
Volume: 823.11K; 0.14× average
Average volume: 6.09M; Average daily volume
Market cap: 38.64B HKD
Beta: 1.02; Market reference 1
50-day average: HK$10.4138; -2.25% below average
200-day average: HK$12.3034; -17.26% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 64.83B HKD
P/E (TTM): 8.48×
P/B (TTM): 10.1×
P/S (TTM): 1.39×
EV / EBITDA: 7.4×
Earnings yield: 10.14%
Free cash flow yield: 14.33%
Dividend yield: 2.46%

Profitability & efficiency

Gross margin: 69.94%
Operating margin: 21.88%
Net margin: 16.57%
Return on equity: 156.27%
Return on assets: 17.10%
Return on invested capital: 27.70%

Financial health

Debt / equity: 4.75×
Current ratio: 0.54×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

34.79B HKD+10.83%

Operating income

6.71B HKD+8.02%

Net income

5.07B HKD+10.24%

Metric (HKD)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	34.79B HKD	31.39B HKD	24.68B HKD	5.27B HKD	9.41B HKD
Cost of goods sold	6.94B HKD	19.52B HKD	5.02B HKD	5.69B HKD	7.83B HKD
Gross profit	27.84B HKD	11.87B HKD	19.67B HKD	−419.99M HKD	1.58B HKD
Selling, general, and administrative	1.95B HKD	1.75B HKD	1.05B HKD	550.8M HKD	804.53M HKD
Operating expenses	21.13B HKD	5.71B HKD	15.12B HKD	5.26B HKD	3.91B HKD
Interest income	53.64M HKD	75.2M HKD	83.02M HKD	71.71M HKD	4.79M HKD
Interest expense	1.53B HKD	1.66B HKD	1.91B HKD	1.67B HKD	1.38B HKD
Depreciation and amortization	2B HKD	1.85B HKD	1.89B HKD	2.03B HKD	2.16B HKD
Operating income	6.71B HKD	6.21B HKD	4.55B HKD	−3.61B HKD	−2.35B HKD
Net income	5.07B HKD	4.6B HKD	2.64B HKD	−5.23B HKD	−3.85B HKD