MGM Stock Analysis: MGM Resorts International | NYSE
Resorts & Casinos | NYSE, USA | Market Cap: 7.386m USD | 12M Return: -15.2% | US5529531015 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 154M
EPS Trend: 46.5%
Qual. Beats: 0
Rev. Trend: 85.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
MGM Resorts International is a global gaming and entertainment company operating through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The company runs integrated casino resorts offering gaming, hotel, convention, dining, entertainment, and retail amenities, while also providing online gaming and sports betting through its BetMGM platform. Its customer base spans premium gaming clients, leisure and business travelers, and group/convention attendees across its operations in the United States, China, and select international markets.
The company was incorporated in 1986 and headquartered in Las Vegas, Nevada, having rebranded from MGM MIRAGE to MGM Resorts International in June 2010. The casino and gaming industry is characterized by high fixed costs from resort infrastructure, heavy regulatory oversight across multiple jurisdictions, and revenue streams that are often sensitive to discretionary consumer spending and travel trends. The integration of physical resorts with digital gaming platforms like BetMGM reflects a broader industry trend toward omnichannel offerings, where operators seek to capture both in-person resort revenue and recurring online wagering income.
- Las Vegas Strip occupancy and ADR trends drive consolidated revenue
- BetMGM iGaming market share gains versus DraftKings and FanDuel
- MGM China Macau revenue recovers amid China travel rebound
| Net Income: 426.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 1.09 > 1.0 |
| NWC/Revenue: 6.22% < 20% (prev 4.02%; Δ 2.20% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.46b > Net Income 426.3m |
| Net Debt (51.1b) to EBITDA (1.99b): 25.66 < 3 |
| Current Ratio: 1.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (257.8m) vs 12m ago -6.48% < -2% |
| Gross Margin: 44.16% > 18% (prev 44.95%; Δ -0.79% > 0.5%) |
| Asset Turnover: 43.56% > 50% (prev 41.28%; Δ 2.29% > 0%) |
| Interest Coverage Ratio: 2.21 > 6 (EBIT TTM 905.0m / Interest Expense TTM 409.0m) |
| A: 0.03 (Total Current Assets 4.40b - Total Current Liabilities 3.30b) / Total Assets 39.8b |
| B: 0.06 (Retained Earnings 2.31b / Total Assets 39.8b) |
| C: 0.02 (EBIT TTM 905.0m / Avg Total Assets 40.8b) |
| D: 0.07 (Book Value of Equity 2.51b / Total Liabilities 36.5b) |
| Altman-Z'' = 0.59 = B |
| DSRI: 0.93 (Receivables 1.22b/1.27b, Revenue 17.8b/17.2b) |
| GMI: 1.02 (GM 44.95% / 44.16%) |
| AQI: 0.95 (AQ_t 0.19 / AQ_t-1 0.20) |
| SGI: 1.03 (Revenue 17.8b / 17.2b) |
| TATA: -0.05 (NI 426.3m - CFO 2.46b) / TA 39.8b) |
| Beneish M = -3.08 (Cap -4..+1) = AA |
As of October 25, 2026, the stock is trading at USD 28.06 with a total of 5,707,444 shares traded. Over the past week, the price has changed by -1.89%, over one month by -25.87%, over three months by -37.63% and over the past year by -15.15%.
Current recommended Stop Loss: 26.80 (which is 4.5% or 1.3 ATR below the current price).
MGM Resorts International has received a consensus analysts rating of 3.61. Therefore, it is recommended to hold MGM.
- StrongBuy: 8
- Buy: 2
- Hold: 11
- Sell: 0
- StrongSell: 2
| Analysts Target Price | 42.1 | 50.1% |
P/E Trailing = 17.821
P/E Forward = 17.3611
P/S = 0.4159
P/B = 3.8933
P/EG = 0.4837
Revenue TTM = 17.8b USD
EBIT TTM = 905.0m USD
EBITDA TTM = 1.99b USD
Long Term Debt = 6.07b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 53.6b USD (from shortLongTermDebtTotal, last quarter) + Leases 23.8b
Net Debt = 51.1b USD (calculated: Debt 53.6b - CCE 2.55b)
Enterprise Value = 58.5b USD (7.39b + Debt 53.6b - CCE 2.55b)
Interest Coverage Ratio = 2.21 (Ebit TTM 905.0m / Interest Expense TTM 409.0m)
EV/FCF = 34.97x (Enterprise Value 58.5b / FCF TTM 1.67b)
FCF Yield = 2.86% (FCF TTM 1.67b / Enterprise Value 58.5b)
FCF Margin = 9.41% (FCF TTM 1.67b / Revenue TTM 17.8b)
Net Margin = 2.40% (Net Income TTM 426.3m / Revenue TTM 17.8b)
Gross Margin = 44.16% ((Revenue TTM 17.8b - Cost of Revenue TTM 9.92b) / Revenue TTM)
Gross Margin QoQ = 44.47% (prev 44.68%)
Tobins Q-Ratio = 1.47 (Enterprise Value 58.5b / Total Assets 39.8b)
Interest Expense / Debt = 0.76% (Interest Expense 409.0m / Debt 53.6b)
Taxrate = 3.04% (18.3m / 603.2m)
NOPAT = 877.5m (EBIT 905.0m * (1 - 3.04%))
Current Ratio = 1.33 (Total Current Assets 4.40b / Total Current Liabilities 3.30b)
Debt / Equity = 21.33 (Debt 53.6b / totalStockholderEquity, last quarter 2.51b)
Debt / EBITDA = 25.66 (Net Debt 51.1b / EBITDA 1.99b)
Debt / FCF = 30.55 (Net Debt 51.1b / FCF TTM 1.67b)
Total Stockholder Equity = 2.51b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.05% (Net Income 426.3m / Total Assets 39.8b)
RoE = 16.96% (Net Income TTM 426.3m / Total Stockholder Equity 2.51b)
RoCE = 10.55% (EBIT 905.0m / Capital Employed (Equity 2.51b + L.T.Debt 6.07b))
RoIC = 2.46% (NOPAT 877.5m / Invested Capital 35.7b)
WACC = 1.73% (E(7.39b)/V(61.0b) * Re(8.92%) + D(53.6b)/V(61.0b) * Rd(0.76%) * (1-Tc(0.03)))
Discount Rate = 8.92% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.89 | Cagr: -9.64%
[DCF] Terminal Value 77.97% ; FCFF base≈1.52b ; Y1≈1.74b ; Y5≈2.57b
[DCF] Fair Price = N/A (negative equity: EV 38.6b - Net Debt 51.1b = -12.5b; debt exceeds intrinsic value)
EPS Correlation: 46.49 | EPS CAGR: 57.25% | SUE: -0.11 | # QB: 0
Revenue Correlation: 85.64 | Revenue CAGR: 3.97% | SUE: 0.55 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.10 | Chg30d=-53.40% | Revisions=-40% | Analysts=11
EPS current Year (2026-12-31): EPS=1.70 | Chg30d=-5.81% | Revisions=-25% | GrowthEPS=-48.6% | GrowthRev=+0.3%
EPS next Year (2027-12-31): EPS=1.83 | Chg30d=-10.17% | Revisions=-25% | GrowthEPS=+7.4% | GrowthRev=+1.1%
[Analyst] Revisions Ratio: -57% (up=0, down=4)