At US$12.00, Is Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Worth Looking At Closely?
Aug 13
U.S. Casinos and Gaming Industry Analysis
UpdatedOct 29, 2023
DataAggregated Company Financials
Companies54
- 7D-1.4%
- 3M-21.1%
- 1Y10.0%
- YTD1.8%
The Casinos and Gaming industry is down 1.4% over the last week with International Game Technology the worst performer, down 9.2%. Over the past 12 months, the industry was up 10.0%. As for the next few years, earnings are expected to grow by 29% per annum.
Industry Valuation and Performance
Has the U.S. Casinos and Gaming Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 29 Oct 2023 | US$114.6b | US$68.4b | US$1.9b | 15.2x | 59.5x | 1.7x |
| Tue, 26 Sep 2023 | US$120.6b | US$66.4b | US$1.4b | 16.7x | 88.5x | 1.8x |
| Thu, 24 Aug 2023 | US$133.5b | US$66.5b | US$1.4b | 17.6x | 98x | 2x |
| Sat, 22 Jul 2023 | US$139.3b | US$64.3b | US$2.1b | 14.8x | 65.6x | 2.2x |
| Mon, 19 Jun 2023 | US$136.8b | US$62.7b | US$1.5b | 13.7x | 90.3x | 2.2x |
| Wed, 17 May 2023 | US$134.4b | US$62.8b | US$1.3b | 13.8x | 100.3x | 2.1x |
| Fri, 14 Apr 2023 | US$125.6b | US$58.8b | -US$852,918,304.00 | 15.1x | -147.3x | 2.1x |
| Sun, 12 Mar 2023 | US$122.5b | US$58.7b | -US$710,739,098.00 | 13.2x | -172.4x | 2.1x |
| Tue, 07 Feb 2023 | US$128.5b | US$57.1b | -US$506,553,598.00 | 12.6x | -253.7x | 2.3x |
| Thu, 05 Jan 2023 | US$111.6b | US$56.9b | -US$618,949,411.00 | 11.5x | -180.3x | 2x |
| Sat, 03 Dec 2022 | US$114.8b | US$56.8b | -US$621,725,059.00 | 12.5x | -184.7x | 2x |
| Mon, 31 Oct 2022 | US$101.9b | US$54.7b | US$678.7m | 11.5x | 150.1x | 1.9x |
| Wed, 28 Sep 2022 | US$92.3b | US$54.4b | US$414.8m | 9.3x | 222.6x | 1.7x |
| Fri, 26 Aug 2022 | US$105.7b | US$54.5b | US$423.2m | 11.4x | 249.7x | 1.9x |
| Sun, 24 Jul 2022 | US$94.6b | US$49.9b | -US$1,312,197,464.00 | 13.5x | -72.1x | 1.9x |
| Tue, 21 Jun 2022 | US$83.4b | US$50.1b | -US$1,256,960,696.00 | 11.9x | -66.4x | 1.7x |
| Thu, 19 May 2022 | US$98.4b | US$50.0b | -US$1,043,320,992.00 | 14x | -94.3x | 2x |
| Sat, 16 Apr 2022 | US$117.8b | US$49.3b | -US$1,844,170,881.00 | 18.5x | -63.9x | 2.4x |
| Mon, 14 Mar 2022 | US$117.8b | US$49.1b | -US$1,875,378,112.00 | 18.8x | -62.8x | 2.4x |
| Wed, 09 Feb 2022 | US$142.7b | US$46.2b | -US$2,501,639,932.00 | 25.1x | -57x | 3.1x |
| Fri, 07 Jan 2022 | US$135.7b | US$44.7b | -US$3,135,200,589.00 | 33.8x | -43.3x | 3x |
| Sun, 05 Dec 2021 | US$130.7b | US$44.6b | -US$3,131,524,802.00 | 29.7x | -41.7x | 2.9x |
| Tue, 02 Nov 2021 | US$168.0b | US$40.4b | -US$5,910,579,203.00 | 29x | -28.4x | 4.2x |
| Thu, 30 Sep 2021 | US$158.6b | US$40.2b | -US$6,093,259,816.00 | 25.7x | -26x | 3.9x |
| Sat, 28 Aug 2021 | US$155.1b | US$39.7b | -US$6,193,483,050.97 | 23.9x | -25x | 3.9x |
| Sun, 04 Jul 2021 | US$158.3b | US$39.7b | -US$6,193,483,050.97 | 25x | -25.6x | 4x |
| Wed, 07 Apr 2021 | US$165.6b | US$29.2b | -US$9,693,001,534.90 | 57.6x | -17.1x | 5.7x |
| Sat, 09 Jan 2021 | US$142.8b | US$27.7b | -US$9,466,055,836.67 | 53.2x | -15.1x | 5.2x |
Price to Earnings Ratio
-20.2x
Current Industry PE
- Investors are optimistic on the American Casinos and Gaming industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 59.5x which is higher than its 3-year average PE of -28.3x.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- Total earnings for the Casinos and Gaming industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 29% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does U.S. Casinos and Gaming compare with similar industries?
| US Market | -2.43% | |
| Consumer Discretionary | -0.39% | |
| Hospitality | -0.018% | |
| Casinos and Gaming | -1.39% | |
| Hotels, Resorts and Cruise Lines | 0.68% | |
| Restaurants | 0.63% | |
| Leisure Facilities | -7.79% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LVS Las Vegas Sands | US$47.04 | 3.8% +US$1.3b | 26.8% | PE53.3x | |
| MLCO Melco Resorts & Entertainment | US$8.39 | 4.7% +US$166.1m | 57.7% | PS1.6x | |
| MCRI Monarch Casino & Resort | US$59.24 | 0.4% +US$4.0m | -25.8% | PE13.1x | |
| CDRO Codere Online Luxembourg | US$3.03 | 1.7% +US$2.3m | 4.1% | PS1.1x |