MGM Resorts International (MGM)

Index:

S&P 500

$ 38.32
   
  • Change Today:
    $0.52
  • 52 Week High: $47.78
  • 52 Week Low: $34.07
  • Currency: US Dollars
  • Shares Issued: 326.55m
  • Volume: 3,901,570
  • Market Cap: $12,513m
  • RiskGrade: 229
  • Beta: 1.33

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 16,164.25 13,127.49 9,680.14 5,162.08 12,899.67
Operating Profit/(Loss) 1,891.50 1,439.37 2,278.70 (642.43) 3,940.22
Profit Before Tax 1,472.76 903.80 1,461.80 (1,511.48) 2,846.73
Profit After Tax 1,314.92 206.73 1,208.39 (1,319.91) 2,214.38
           
Earnings per Share - Basic 322.00¢ 352.00¢ 244.00¢ (202.00¢) 390.00¢
Earnings per Share - Adjusted 322.00¢ 352.00¢ 244.00¢ (202.00¢) 390.00¢
           
Dividend per Share 1.00¢ 1.00¢ 1.00¢ 15.75¢ 52.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 29,477.01 29,754.86 25,928.30 22,918.79 22,678.44
Intangible Assets 6,890.28 6,580.56 7,097.38 5,735.03 5,911.07
Other Non-Current Assets 1,090.67 1,202.09 1,457.25 1,890.46 1,279.16
  37,457.95 37,537.52 34,482.93 30,544.28 29,868.66
Current Assets          
Inventories 141.68 126.07 96.37 88.32 102.89
Cash at Bank & in Hand 2,927.83 5,911.89 4,703.06 5,101.64 2,329.60
Other Current Assets 1,841.08 2,117.73 1,616.75 760.70 1,575.20
  4,910.59 8,155.69 6,416.18 5,950.66 4,007.69
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 42,368.55 45,693.21 40,899.12 36,494.93 33,876.36
Current Liabilities          
Borrowings 60.17 1,369.92 1,000.00 n/a n/a
Other Current Liabilities 3,065.90 3,145.97 2,442.26 1,856.58 3,191.42
           
Current Liabilities 3,126.07 4,515.89 3,442.26 1,856.58 3,191.42
           
Net Current Assets c1,784.53 c3,639.80 c2,973.92 c4,094.08 c816.27
           
Borrowings 31,471.27 32,582.12 23,573.26 20,766.80 15,446.87
Other Non-Current Liabilities 3,403.71 3,225.73 2,759.28 2,691.64 2,575.14
Non-Current Liabilities 34,874.98 35,807.84 26,332.54 23,458.44 18,022.01
           
Other Liabilities 33.36 158.35 147.55 n/a n/a
Total Liabilities 38,034.40 40,482.08 29,922.35 25,315.03 21,213.44
           
Net Assets 4,334.15 5,211.12 10,976.77 11,179.91 12,662.92
           
Shareholders Funds 3,811.17 4,831.53 6,070.65 6,504.73 7,727.27
           
Minority Interests/Other Equity 522.97 379.59 4,906.12 4,675.18 4,935.65
Total Equity 4,334.15 5,211.12 10,976.77 11,179.91 12,662.92
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 2,690.78 1,756.46 1,373.42 (1,493.04) 1,810.40
Net Cash Flow from Investing Activities (714.17) 2,118.18 1,543.65 2,159.30 3,519.43
Net Cash Flow from Financing Activities (4,998.09) (3,041.31) (2,815.65) 2,105.77 (4,526.99)
Net Increase/Decrease In Cash (3,021.49) 833.33 101.42 2,772.03 802.84
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 13.9 9.5 18.4 n/a 8.5
PEG - Adjusted n/a 0.2 n/a n/a 0.0
Earnings per Share Growth - Adjusted -8% 44% n/a n/a 376%
Dividend Cover 322.00 352.00 244.00 (12.83) 7.50
Revenue per Share 4,950.01¢ 4,020.05¢ 29.92¢ 1,580.79¢ 3,950.29¢
Pre-Tax Profit per Share 451.01¢ 276.77¢ 4.52¢ (462.86¢) 871.76¢
Operating Margin 11.70% 10.96% 23.54% (12.45%) 30.55%
Return on Capital Employed 5.08% 2.77% 0.05% n/a 12.82%
           
Dividend Yield 0.0% 0.0% 0.0% 0.5% 1.6%
Dividend per Share Growth n/a n/a (93.65%) (69.71%) 8.33%
Operating Cash Flow per Share 824.00¢ 537.88¢ 420.59¢ (457.22¢) 554.40¢
Cash Incr/Decr per Share (925.28¢) 255.19¢ 0.31¢ 848.88¢ 245.86¢
Net Asset Value per Share (exc. Intangibles) (782.77¢) (419.37¢) 1,187.99¢ 1,667.40¢ 2,067.63¢
Net Gearing 750.52% 580.36% 327.32% 240.83% 169.75%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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