MGM Resorts International (MGM)
Consumer Discretionary · Casinos & Gaming · US stock · S&P 500 component
$28.60
▼ -0.88 (2.99%)
Fair valueUndervalued
$68 +136.6% to fair value
$34fair band $47–$88$102
Day's range
$28.43 – $29.81
52-week range
$28.43 – $51.59
About MGM Resorts International
MGM Resorts International owns and operates casino resorts, hotels and entertainment venues, with large properties on the Las Vegas Strip such as Bellagio, MGM Grand and Mandalay Bay, as well as regional casinos across the United States. It also has a business in Macau through MGM China and takes part in online sports betting and iGaming through the BetMGM joint venture. Guests include leisure travellers, gamblers, convention attendees and entertainment audiences.
Revenue comes from gaming, hotel rooms, food and beverage, entertainment and convention business. It totals $17.8 billion over the last twelve months, with growth of 10.1% a year across three years. The operating margin is 5.7%, and the business earns a profit of 3% on the capital invested in it. The company carries net debt of 13.0 times EBITDA and pays no dividend. On the site's X-Ray Score it receives 40 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $28.43 – $51.59Volume 5,905,195Daily, split-adjusted
Vitals
Market cap$7.4B
52-week range$28.43 – $51.59
Volume (last day)5,905,195
P/E (TTM)17.9
EBIT / EV yield2.9%
Free-cash-flow yield20.3%
Dividend yieldNo dividend
Revenue (TTM)$17.8B
Net income (TTM)$426M
Operating margin5.7%
Return on capital3.1%
Debt incl. leases$29.9B
Cash & securities$2.5B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$68model spread $68 – $68
Undervalued
+136.6% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $29
Undervalued < $47Fair $47 – $88Overvalued > $88
10-year DCF (market-scaled)
$-67
Peer multiples
$81
Earnings power floor (not blended)
$-31
Fundamentals-adjusted multiple
$55
Growth the price implies
26.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, but the price is low
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Valuation
Fair
69/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield2.9%
Free-cash-flow yield20.3%
Fair value vs price2.4×
Growth
Weak
39/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)10.1%
EPS growth (3y)-39.8%
Growth consistency80%
Profitability
Weak
20/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital3.1%
Operating margin5.7%
Financial health
Weak
28/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA13.0×
Interest cover2.5×
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
-2.4%
Mar '25
+1.8%
Jun '25
+1.6%
Sep '25
+6.0%
Dec '25
+4.2%
Mar '26
+1.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.5B, diluted EPS $1.11.
Compare with peers
LVS Las Vegas Sands Corp55 WYNN Wynn Resorts Ltd50Other Casinos & Gaming companies by X-Ray Score.
Fundamentals checklist
● 3 Good · ● 5 Average · ● 7 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Average
Revenue growth (3y)Good
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 38/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $9.7B | $13.1B | $16.2B | $17.2B | $17.5B |
| Operating income | $2.3B | $1.4B | $1.9B | $1.5B | $1.0B |
| Net income | $1.3B | $1.5B | $1.1B | $747M | $206M |
| Operating cash flow | $1.4B | $1.8B | $2.7B | $2.4B | $2.5B |
| Operating margin | 23.5% | 11.0% | 11.7% | 8.6% | 5.7% |
| Free cash flow | $883M | $991M | $1.8B | $1.2B | $1.5B |
| Diluted EPS | $2.41 | $3.49 | $3.19 | $2.40 | $0.76 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
3 bullish · 1 neutral · 12 bearish
Weekly
Strongly bearish
1 bullish · 0 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 29.58 | Bearish |
| EMA 10 | 29.83 | Bearish |
| SMA 20 | 31.64 | Bearish |
| EMA 20 | 31.76 | Bearish |
| SMA 50 | 37.83 | Bearish |
| EMA 50 | 36.17 | Bearish |
| SMA 100 | 42.23 | Bearish |
| EMA 100 | 38.71 | Bearish |
| SMA 200 | 39.38 | Bearish |
| EMA 200 | 38.98 | Bearish |
Oscillators (daily)
| RSI (14) | 17.61 | Bullish |
| MACD (12, 26) | -2.70 | Bearish |
| Momentum (12) | -7.89 | Bearish |
| Stochastic %K (14) | 4.61 | Bullish |
| Williams %R (14) | -95.39 | Bullish |
| CCI (20) | -78.35 | Neutral |
Pivot points (classic, last session)
S3 26.70 | S2 27.56 | S1 28.08 | Pivot 28.94 | R1 29.46 | R2 30.32 | R3 30.84 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.00 USD
Yield on today's price
–
Frequency
None in the last year
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 8 Dec 2022 | 0.0030 |
| 8 Sep 2022 | 0.0030 |
| 9 Jun 2022 | 0.0030 |
| 9 Mar 2022 | 0.0030 |
| 9 Dec 2021 | 0.0030 |
| 9 Sep 2021 | 0.0030 |
| 9 Jun 2021 | 0.0030 |
| 9 Mar 2021 | 0.0030 |
| 9 Dec 2020 | 0.0030 |
| 9 Sep 2020 | 0.0030 |
| 9 Jun 2020 | 0.0030 |
| 9 Mar 2020 | 0.1500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MGM SEC filings
29 Jul 2026
10-QSEC EDGAR
Quarterly report
29 Jul 2026
8-KSEC EDGAR
Results of operations
14 May 2026
8-KSEC EDGAR
Entered a material agreement
8 May 2026
8-KSEC EDGAR
Shareholder vote results
29 Apr 2026
10-QSEC EDGAR
Quarterly report
29 Apr 2026
8-KSEC EDGAR
Results of operations
7 Apr 2026
8-KSEC EDGAR
Entered a material agreement
27 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.