Mgm Resorts International MGM
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Mgm Resorts International (MGM) Business Model and Operations Summary
MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 59% of total EBITDAR in 2024. MGM also owns US regional assets, which represented a low 20s share of 2024 EBITDAR (MGM's Macao EBITDAR was 21% of the total in 2024). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
Key Insights
Mgm Resorts International (MGM) Core Market Data and Business Metrics
Latest Closing Price
$29.94Market Cap
$8.51 BillionPrice-Earnings Ratio
12.48Total Outstanding Shares
285.55 Million SharesTotal Employees
78,000Dividend
$0.00 Per Share QuarterlyIPO Date
November 12, 1997SIC Description
Hotels & MotelsPrimary Exchange
New York Stock ExchangeHeadquarters
3600 Las Vegas Blvd S, Las Vegas, NV, 89109
Historical Stock Splits
If you bought 1 share of MGM before May 19, 2005, you'd have 2 shares today.
| Execution Date | Split Amount |
|---|---|
| May 19, 2005 | 2-for-1 |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow, Continuing | $-484.95 Million |
| Net Cash Flow From Financing Activities | $-1.56 Billion |
| Net Cash Flow From Operating Activities, Continuing | $2.36 Billion |
| Net Cash Flow From Investing Activities | $-1.28 Billion |
| Net Cash Flow From Financing Activities, Continuing | $-1.56 Billion |
| Net Cash Flow | $-511.83 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $2.91 Million |
| Operating Income/Loss | $1.49 Billion |
| Preferred Stock Dividends And Other Adjustments | $2.91 Million |
| Income/Loss From Continuing Operations Before Tax | $1.12 Billion |
| Net Income/Loss Attributable To Parent | $746.56 Million |
| Depreciation and Amortization | $831.10 Million |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Other Comprehensive Income/Loss | $-201.59 Million |
| Comprehensive Income/Loss Attributable To Parent | $541.45 Million |
| Comprehensive Income/Loss | $863.01 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $321.57 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Inventory | $140.56 Million |
| Liabilities And Equity | $42.23 Billion |
| Noncurrent Liabilities | $35.16 Billion |
| Intangible Assets | $1.72 Billion |
| Other Current Liabilities | $2.36 Billion |
| Equity | $3.69 Billion |
Historical Dividends
Current dividend: $0.00 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Nov 2, 2022 | Dec 15, 2022 | Dec 9, 2022 | $0.0025 | Quarterly |
| Aug 3, 2022 | Sep 15, 2022 | Sep 9, 2022 | $0.0025 | Quarterly |
| May 2, 2022 | Jun 15, 2022 | Jun 10, 2022 | $0.0025 | Quarterly |
| Feb 9, 2022 | Mar 15, 2022 | Mar 10, 2022 | $0.0025 | Quarterly |
| Nov 3, 2021 | Dec 15, 2021 | Dec 10, 2021 | $0.0025 | Quarterly |
| Aug 4, 2021 | Sep 15, 2021 | Sep 10, 2021 | $0.0025 | Quarterly |