Melco Resorts & Entertainment Limited (MLCO) Company Bio
Melco Resorts & Entertainment develops, owns, and operates casino gaming and entertainment resort facilities in Asia. The company was founded in 2004 and is based in Central, Hong Kong.
MLCO Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Melco Resorts & Entertainment LTD with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Melco Resorts & Entertainment LTD ranked in the 9th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 94%. In terms of the factors that were most noteworthy in this DCF analysis for MLCO, they are:
The company's compound free cash flow growth rate over the past 2.97 years comes in at -0.17%; that's greater than just 11.96% of US stocks we're applying DCF forecasting to.
Relative to other stocks in its sector (Consumer Cyclical), Melco Resorts & Entertainment LTD has a reliance on debt greater than only 18.54% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
BXG, HOV, QUOT, SBUX, and BLBD can be thought of as valuation peers to MLCO, in the sense that they are in the Consumer Cyclical sector and have a similar price forecast based on DCF valuation.
Chinese authorities are worried about a second wave of the coronavirus after detecting new infections centered around a market in Beijing. While the situation seems to be under control, this isn't good news for tourism companies that are highly exposed to the pandemic. Chinese tourism stocks are under pressure from strict government travel restrictions and poor consumer sentiment toward travel.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
Melco Resorts & Entertainment announces the publication of its 2019 sustainability report (link). Since launching the Company’s Above and Beyond sustainability strategy, the report highlights the positive and substantial progress made towards the Company’s sustainability goals, including inspiring the Company’s resort guests by showing them that a sustainable future is a better future; being the best partner and the best place to work; achieving carbon neutrality across all resort properties; and achieving zero waste and contributing to circular economic leadership in Asia by the year 2030.