MGM Resorts International chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 31.97
Dividend & Yield0.01$ (0.02%)
Beta 2.07
Market capitalization 17.17B
Operating cash flow 1.76B
ESG Scores 25.5

Company description

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

Sector: Consumer Cyclical - Industry: Resorts & Casinos

Financial Ratios
Quick Ratio1.84
Working Capital0.42
Return On Equity0.21
Debt To Equity1.95
Fixed Asset Ratio0.1
Fixed Interest Cover0.74

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities 465.6M -1.38B 442.63M 183.84M
Total Cashflows From Investing Activities 3.52B 2.16B 1.54B 2.12B
Net Borrowings -4.15B 2.41B -1.35B 77.94M
Total Cash From Financing Activities -4.53B 2.1B -2.81B -3.02B
Change To Operating Activities 7.57M -37k -36.61M -14.42M
Issuance Of Stock
Net Income 2.05B -1.03B 1.25B 1.47B
Change In Cash 802.84M 2.77B 101.42M 833.33M
Effect Of Exchange Rate 2.6M 2.35M -1.55M 8.93M
Total Cash From Operating Activities 1.81B -1.49B 1.37B 1.76B
Depreciation 1.3B 1.21B 1.15B 3.48B
Change To Account Receivables -726.61M 960.1M -236.18M -211.69M
Other Cashflows From Financing Activities 921.44M 122.03M 290.64M -322.97M
Change To Netincome -1.34B -1.08B -1.21B -3.36B
Capital Expenditures -739.01M -270.58M -490.7M -765.07M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 2.85B -1.51B 1.46B 903.8M
Net Income 2.05B -1.03B 1.25B 1.47B
Selling General Administrative 2.57B 2.49B 2.93B 4.71B
Gross Profit 5.3B 1.71B 4.65B 6.47B
Ebit 1.42B -1.99B 563.81M -1.72B
Operating Income 1.42B -1.99B 563.81M -1.72B
Interest Expense -847.93M -676.38M -760.59M -606.95M
Income Tax Expense 632.35M -191.57M 253.41M 697.07M
Total Revenue 12.46B 4.92B 9.45B 13.08B
Cost Of Revenue 7.17B 3.21B 4.8B 6.61B
Total Other Income ExpenseNet 1.43B 478.87M 897.99M 2.62B
Net Income From Continuing Ops 2.21B -1.32B 1.21B 206.73M
Net Income Applicable To Common Shares 2.05B -997.2M 1.18B 1.44B

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 21.11B 25.25B 29.77B 40.32B
Total Stockholder Equity 7.73B 6.5B 6.07B 4.83B
Other Current Liabilities 1.79B 828.95M 1.04B 1.73B
Total Assets 33.88B 36.49B 40.9B 45.69B
Common Stock 5.03M 4.94M 4.54M 3.79M
Other Current Assets 735M 500M 608.44M
Retained Earnings 4.2B 3.09B 4.34B 4.79B
Treasury Stock -10.2M -30.68M -24.62M 33.5M
Cash 2.33B 5.1B 4.7B 5.91B
Total Current Liabilities 3.19B 1.86B 3.44B 4.52B
Other Stockholder Equity -10.2M -30.68M -24.62M 33.5M
Property, Plant, and Equipment 22.68B 22.92B 25.93B 29.75B
Total Current Assets 4.01B 5.95B 6.42B 8.15B
Net Tangible Assets 1.82B 769.7M -1.03B -1.75B
Net Receivables 639.88M 559.92M 857.78M 925.16M
Accounts Payable 235.44M 142.52M 286.2M 369.82M


Insider Transactions

Here are the insider transactions of stock shares related to MGM Resorts International:

Filer Name Transaction Text Ownership Date Filer Relation Shares
MCKINNEY-JAMES ROSE ESale at price 43.23 per share.D2023-03-01Director2.87k
MCMANUS JOHN MD2023-02-27Officer237
SANDERS COREY IAND2023-02-27Chief Operating Officer4.11k
HORNBUCKLE WILLIAM J IVD2023-02-27Chief Executive Officer4.6k
HALKYARD JONATHAN SD2023-02-24Chief Financial Officer2.91k
HORNBUCKLE WILLIAM J IVD2023-02-24Chief Executive Officer5.66k
SANDERS COREY IAND2023-02-21Chief Operating Officer2.79k
HORNBUCKLE WILLIAM J IVD2023-02-21Chief Executive Officer3.12k
MCMANUS JOHN MSale at price 43.47 per share.D2023-02-17Officer20k
HORNBUCKLE WILLIAM J IVSale at price 44.86 per share.I2023-02-09Chief Executive Officer110k
HALKYARD JONATHAN SD2023-02-01Chief Financial Officer7.69k
SANDERS COREY IANSale at price 42.00 per share.D2023-02-01Chief Operating Officer30k
HORNBUCKLE WILLIAM J IVSale at price 41.00 per share.I2023-01-26Chief Executive Officer120k
SANDERS COREY IANSale at price 40.00 per share.D2023-01-23Chief Operating Officer60k
SANDERS COREY IANSale at price 36.00 - 38.00 per share.D2023-01-09Chief Operating Officer20k
JAMMET MARY CHRISSale at price 37.21 per share.D2022-12-06Director6.01k
MCKINNEY-JAMES ROSE ESale at price 38.04 per share.D2022-12-05Director2.87k
FRITZ GARY MD2022-12-01Officer15k
SANDERS COREY IANSale at price 38.00 per share.D2022-11-15Chief Operating Officer20k
MCKINNEY-JAMES ROSE ESale at price 37.50 per share.D2022-11-14Director5.74k
SANDERS COREY IANSale at price 36.21 per share.D2022-10-31Chief Operating Officer10k
MCMANUS JOHN MD2022-10-19Officer4.87k
SANDERS COREY IAND2022-10-19Chief Operating Officer10.71k
HORNBUCKLE WILLIAM J IVD2022-10-19Chief Executive Officer10.71k
MEINERT TODDD2022-10-19Officer1.92k
MCMANUS JOHN MStock Award(Grant) at price 0.00 per share.D2022-10-07Officer27.77k
SANDERS COREY IANStock Award(Grant) at price 0.00 per share.D2022-10-07Chief Operating Officer61.1k
HORNBUCKLE WILLIAM J IVStock Award(Grant) at price 0.00 per share.D2022-10-07Chief Executive Officer61.1k
MEINERT TODDD2022-10-07Officer1.84k
MCMANUS JOHN MD2022-10-04Officer3.93k
SANDERS COREY IAND2022-10-04Chief Operating Officer8.84k
HORNBUCKLE WILLIAM J IVD2022-10-04Chief Executive Officer17.98k
MEINERT TODDD2022-10-04Officer842
SWARTZ JANETPurchase at price 35.05 per share.I2022-08-25Director14.23k
IAC INC.Purchase at price 34.41 per share.D2022-08-23Beneficial Owner of more than 10% of a Class of Security51.1k
IAC INC.Purchase at price 33.78 - 34.79 per share.D2022-08-22Beneficial Owner of more than 10% of a Class of Security291.7k
IAC INC.Purchase at price 35.27 - 35.28 per share.D2022-08-18Beneficial Owner of more than 10% of a Class of Security283.4k
MCMANUS JOHN MD2022-08-18General Counsel8.36k
SANDERS COREY IAND2022-08-18Chief Operating Officer20.3k
HORNBUCKLE WILLIAM J IVD2022-08-18Chief Executive Officer38.21k
MEINERT TODDD2022-08-18Officer2.35k
IAC INC.Purchase at price 35.50 - 35.96 per share.D2022-08-16Beneficial Owner of more than 10% of a Class of Security279.8k
IAC INC.Purchase at price 35.10 - 35.36 per share.D2022-08-12Beneficial Owner of more than 10% of a Class of Security283.7k
TAYLOR DANIEL JSale at price 34.41 per share.I2022-08-10Director4.5k
SANDERS COREY IANSale at price 36.00 per share.D2022-08-04Chief Operating Officer10k
SALEM PAUL JPurchase at price 28.92 per share.D2022-06-13Director34.5k
SALEM PAUL JPurchase at price 31.25 per share.D2022-05-25Director3.5k
SPIERKEL GREGORY M.Conversion of Exercise of derivative security at price 41.03 per share.D2022-05-04Director4.5k
SALEM PAUL JConversion of Exercise of derivative security at price 41.03 per share.D2022-05-04Director4.5k
TAYLOR DANIEL JI2022-05-04Director4.5k
HERMAN ALEXIS MD2022-05-04Director4.5k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to MGM Resorts International. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MGM Resorts International

Here is the result of two systematic investment strategies applied to MGM Resorts International. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on MGM Resorts International

The following chart shows the equity curve of the two systematic investment strategies applied to MGM Resorts International:

MGM Resorts International automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 59.36% on the backtest period.

Performance at glance

Performance

59.36 %

Latent gain

1379.5 $

Invested capital

2323.96 $

Annualized return

14.34 %
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Momentum strategy results on MGM Resorts International

This is the result of two momentum investment strategies applied to MGM Resorts International. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on MGM Resorts International

The following chart shows all the entries opened by the momentum investment system on MGM Resorts International:

MGM Resorts International momentum entries
  • The first momentum investment strategy would give 66.0% of return on MGM Resorts International. That represents 3636.85$ of latent gain with 5510.25$ of employed capital.
  • The second momentum investment strategy would give 61.19% of return on MGM Resorts International. That represents 2320.51$ of latent gain with 3792.43$ of employed capital.
Performance at glance (1Q Momentum)

Performance

66.0 %

Latent gain

3636.85 $

Invested capital

5510.25 $

Annualized return

23.24 %
Performance at glance (2Q Momentum)

Performance

61.19 %

Latent gain

2320.51 $

Invested capital

3792.43 $

Annualized return

16.72 %

Momentum equity curve on MGM Resorts International

The following chart shows the equity curve of the two momentum strategies applied to MGM Resorts International:

MGM Resorts International momentum equity

Note: the dividends potentially given by MGM Resorts International are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MGM Resorts International

The following chart shows the employed capital evolution of the two momentum strategies on MGM Resorts International since the beginning:

MGM Resorts International

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on MGM Resorts International

Buy the dip entry openings on MGM Resorts International

MGM Resorts International

The performance achieved by the robo-advisor on MGM Resorts International is 49.73%. That represents 118.56$ of latent gain with 238.4$ of employed capital. The following chart shows MGM Resorts International stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MGM Resorts International, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

49.73 %

Latent gain

118.56 $

Invested capital

238.4 $

Annualized return

23.24 %

Equity curve of the strategy applied to MGM Resorts International

The following chart shows the result of the investment strategy applied to MGM Resorts International:

MGM Resorts International

Note: the dividends potentially given by MGM Resorts International are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MGM Resorts International

The following chart shows the employed capital evolution since the beginning of the investment strategy on MGM Resorts International:

MGM Resorts International

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on MGM Resorts International

In this section, I will compare the three previous investment strategies applied to MGM Resorts International.

Equity curve comparison on MGM Resorts International

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

MGM Resorts International investment strategy comparison

Employed capital comparison on MGM Resorts International

MGM Resorts International investment comparison

Performance comparison on MGM Resorts International

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 59.36% 1379.5$ 2323.96$ 14.34%
Momentum 1 quarter 66.0% 3636.85$ 5510.25$ 16.92%
Momentum 2 quarters 61.19% 2320.51$ 3792.43$ 16.72%
Non-directional 49.73% 118.56$ 238.4$ 23.24%
Annualized return comparison

Automatic investment

14.34 %

Momentum 1Q

16.72 %

Momentum 2Q

16.72 %

Non-directional

23.24 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MGM Resorts International:


Company information

Company name MGM Resorts International
Country United States
City Las Vegas
Address 3600 Las Vegas Boulevard South
Phone 702 693 7120
Website www.mgmresorts.com
FullTime employees 57000
Industry Resorts & Casinos
Sector Consumer Cyclical
Exchange XNYS
Ticker MGM
Market www.nyse.com

MGM Resorts International ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 2.0
Peer Environment Performance 5.7665625
Environment Percentile unknown
Palm Oil no
Nuclear no
Fur Leather no
GMO no
Coal no
Pesticides no
Animal Testing no

Social scores

Social ESG Factors Scores
Social Score 13.0
Peer Social Performance 10.9084375
Social Percentile unknown
Highest Controversy 2
Peer Highest Controversy Performance 1.9722222222222
Adult no
Gambling no
Alcoholic no
Tobacco no
Catholic no
Controversial Weapons no
Small Arms no
Military Contract no
Peer Count yes

Related Controversy: Customer Incidents


Governance scores

Governance ESG Factors Scores
Governance Score 10.5
Peer Governance Performance 7.0325
Governance Percentile unknown

ESG at glance
Total ESG Scores: 25.5
Environment Score: 2.0
Social Score: 13.0
Governance Score: 10.5

ESG Performance: AVG_PERF

Peer Group: Consumer Services

Peer Esg Score Performance: 23.126388888889

Rating Year: 2023

Rating Month: 1

Max Age: 86400

Percentile: 47