MGM Resorts International

MGM Resorts International is a holding company. Through its subsidiaries, the company owns and operates casino, hotel, and entertainment resorts, which provides gaming, hotel, convention, dining, entertainment, retail and other resort amenities. The company's Las Vegas Strip Resorts and Regional Operations consisted of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, Park MGM and Circus Circus Las Vegas in Las Vegas, NV; MGM Grand Detroit in Detroit, MI; Beau Rivage in Biloxi, MS; Gold Strike in Tunica, MS; Borgata in Atlantic City, NJ; MGM National Harbor in Prince George's County, MD; and MGM Springfield in Springfield, MA.
  • TickerMGM
  • ISINUS5529531015
  • ExchangeNew York Stock Exchange
  • SectorTravel & Leisure
  • CountryUnited States
Valens Research

Valens Equity Insights and Inflections - 2020 06 30

ADS currently trades at a historical low relative to Uniform earnings, with a 6.2x Uniform P/E (Fwd V/E′). At these levels, the market is pricing in expectations for Uniform ROA to decline from 61% in 2019 to a 17% trough in 2024, accompanied by 8% Uniform asset shrinkage going forward. Meanwhile, analysts have less bearish expectations, projecting Uniform ROA to fall to 35% in 2020, driven by coronavirus headwinds, before recovering to 50% in 2021, accompanied by 13% Uniform asset shrinkage. Moreover, management is confident about customer payments, their liquidity, and their ability to pay t...

Valens Research

MGM - Embedded Expectations Analysis - 2020 06 23

MGM Resorts International (MGM:USA) currently trades above historical averages relative to UAFRS-based (Uniform) earnings, with an 80.4x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may have concerns about cash generation, the sports betting market, and Macau regulations Specifically, management may lack confidence in their ability to efficiently spend their cash, offset additional costs from reopening businesses, and achieve the needed occupancy rate to generate meaningful cash. In addition, they may have concerns about their recent debt issu...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Growth Surging Relative to Value Note: This report is presented in an abbreviated format, as we are in production of our January US Macro Vision book. As we head into Q4 earnings season we remain bullish on the broad market. Our bullish outlook is supported by the themes highlighted below: • Price Trends Remain Bullish. Price trends for major indexes in the US (large-, mid-, and small-caps) and abroad (MSCI EM and EAFE) remain on bullish trajectories. • Internals are Healthy. Advance/decline lines for large-, mid-, and small-caps (S&P 500, 400, and 600, respectively) remain in uptrends, si...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Waiting on Small-Caps This market continues to be dominated by signals that suggest we are in the early stages of a new bull phase, which we discuss below. At the same time, small-caps continue to be one area of the market that gives us some reason for pause as neither the Russell 2000 or S&P Small Cap 600 indexes have been able to make bullish price or RS inflections. • Small-Caps Still Below Resistance. The major US large- and mid-cap indexes have all decisively broken out to either all-time highs or 52-week highs, leaving small-caps behind. This situation can only happen for so long becau...

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

Key Points: • A number of Financial Sector names are at or near bullish price and RS inflections. (ex. WFC, ABCB, SNV, STL, NFBK, FII, and COF) • Many Healthcare Sector names are showing leadership characteristics. (ZBH, CUTR, UHS, HCA, CHE, AMED, WST, and NEOG) • Many IT service related names remain bullish. (ex. FISV, EBOV, GPN, TSS, and EXLS)

MGM Resorts International: 2 directors bought

Two Directors at MGM Resorts International bought 10,152 shares at between 14.639USD and 15.350USD. The significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under ...

Valens Research

Valens Equity Insights and Inflections - 2020 06 30

ADS currently trades at a historical low relative to Uniform earnings, with a 6.2x Uniform P/E (Fwd V/E′). At these levels, the market is pricing in expectations for Uniform ROA to decline from 61% in 2019 to a 17% trough in 2024, accompanied by 8% Uniform asset shrinkage going forward. Meanwhile, analysts have less bearish expectations, projecting Uniform ROA to fall to 35% in 2020, driven by coronavirus headwinds, before recovering to 50% in 2021, accompanied by 13% Uniform asset shrinkage. Moreover, management is confident about customer payments, their liquidity, and their ability to pay t...

Valens Research

MGM - Embedded Expectations Analysis - 2020 06 23

MGM Resorts International (MGM:USA) currently trades above historical averages relative to UAFRS-based (Uniform) earnings, with an 80.4x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may have concerns about cash generation, the sports betting market, and Macau regulations Specifically, management may lack confidence in their ability to efficiently spend their cash, offset additional costs from reopening businesses, and achieve the needed occupancy rate to generate meaningful cash. In addition, they may have concerns about their recent debt issu...

Moody's announces completion of a periodic review of ratings of MGM Resorts International

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of MGM Resorts International. Global Credit Research- 09 Jun 2020. New York, June 09, 2020-- Moody's Investors Service has completed a periodic review of the ratings of MGM Resorts International and other ratings that are associated with the same analytical unit.

MGM Resorts International - March 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

MGM Resorts International: Covenant Quality Post-Sale Snapshot: $750m 6.75% Senior Notes due 2025

MGM Resorts International has a high-yield lite package, which we define as lacking either or both a restricted payments, a debt incurrence covenant – in the Issuer’s case, both are absent

Moody's rates MGM's proposed sr. unsecured notes Ba3

Rating Action: Moody's rates MGM's proposed sr. unsecured notes Ba3. Global Credit Research- 23 Apr 2020. New York, April 23, 2020-- Moody's Investors Service today assigned a Ba3 rating to MGM Resorts International's proposed $500 million senior unsecured notes due 2025. The company's Ba3 corporate family rating, Ba3-PD probability of default rating, and Ba3 rated senior unsecured notes are unchanged.

MGM Resorts International: Update following confirmation of Ba3 CFR with negative outlook

MGM's credit profile is supported by the company's good liquidity, and reflects the meaningful earnings decline over the next few months from efforts to contain the coronavirus.

Thanks to a better fundamental star rating, MGM RESORTS INTL. sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to MGM RESORTS INTL. (US), active in the Gambling industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date June 5, 2020, the closing price was USD 21.72 and its expected value was estimated at USD 15.52.

Ford Equity US Rating and Forecast Report

Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.

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