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Studio City International Holdings
(NYSE:MSC)
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Rating:49Neutral
Price Target:
$2.00
▲(14.94% Upside)
Action:Reiterated
Date:06/16/26
The score is held back primarily by high leverage and ongoing net losses despite improving revenue and materially better cash generation. Technicals add further pressure given a clear downtrend versus key moving averages, while valuation is constrained by a negative P/E and no indicated dividend support.
Positive Factors
Improved cash generation
Studio City’s operating cash flow moved from negative to $210M in 2025 and free cash flow was solidly positive ($103M–$148M in 2024–2025). Durable positive cash generation supports deleveraging, reinvestment in the resort, and reduces reliance on external financing over the medium term.
Negative Factors
High leverage
Debt levels near and above $2 billion with debt-to-equity ~3.9x leave limited financial flexibility for a capital‑intensive casino operator. High leverage increases sensitivity to tourism cycles and interest costs, constraining the company’s ability to absorb shocks without further restructuring or funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Studio City’s operating cash flow moved from negative to $210M in 2025 and free cash flow was solidly positive ($103M–$148M in 2024–2025). Durable positive cash generation supports deleveraging, reinvestment in the resort, and reduces reliance on external financing over the medium term.
Read all positive factors
Studio City International Holdings Key Performance Indicators (KPIs)
Studio City International Holdings (MSC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$379.29M
Dividend YieldN/A
Average Volume (3M)2.99K
Price to Earnings (P/E)―
Beta (1Y)-0.45
Revenue Growth0.71%
EPS Growth24.32%
CountryUS
Employees5,879
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-0.85
Shares Outstanding192,588,180
10 Day Avg. Volume5,159
30 Day Avg. Volume2,992
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.33
Price to Sales (P/S)0.25
P/FCF Ratio1.15
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Studio City International Holdings Business Overview & Revenue Model
Company Description
Studio City International Holdings Limited is responsible for running a major resort complex in Cotai, Macau, which integrates gaming, retail, and entertainment options. At the heart of its offerings is the Studio City Casino, which features 250 g...
How the Company Makes Money
The company generates revenue primarily by operating an integrated resort in Macau, combining casino gaming with non-gaming hospitality and entertainment offerings. Key revenue streams include: (1) Casino gaming: This is typically the largest driv...
Studio City International Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
36
Negative
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 709.57M | 694.57M | 639.14M | 445.54M | 11.55M | 106.87M |
| Gross Profit | 482.87M | 465.95M | 415.29M | 273.01M | -67.21M | 24.62M |
| EBITDA | 300.20M | 281.59M | 240.18M | 152.80M | -141.61M | -83.86M |
| Net Income | -39.94M | -58.77M | -96.73M | -133.52M | -326.45M | -252.56M |
Balance Sheet | ||||||
| Total Assets | 2.71B | 2.80B | 2.99B | 3.24B | 3.59B | 3.32B |
| Cash, Cash Equivalents and Short-Term Investments | 86.97M | 109.40M | 127.63M | 228.04M | 509.52M | 499.29M |
| Total Debt | 2.03B | 2.05B | 2.18B | 2.35B | 2.45B | 2.10B |
| Total Liabilities | 2.16B | 2.22B | 2.34B | 2.51B | 2.72B | 2.37B |
| Stockholders Equity | 502.87M | 523.89M | 590.74M | 728.98M | 876.14M | 944.18M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 148.35M | 103.14M | -175.72M | -630.90M | -541.32M |
| Operating Cash Flow | 0.00 | 210.32M | 189.90M | -18.89M | -178.78M | -136.84M |
| Investing Cash Flow | 0.00 | -85.15M | -108.46M | -161.54M | -453.39M | -407.24M |
| Financing Cash Flow | 0.00 | -143.11M | -183.26M | -100.90M | 643.11M | 471.51M |
Studio City International Holdings Technical Analysis
Positive
1.74
Price Trends
1.89
Negative
2.23
Negative
2.77
Negative
Market Momentum
-0.03
Negative
49.93
Neutral
14.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSC, the sentiment is Positive. The current price of 1.74 is below the 20-day moving average (MA) of 1.80, below the 50-day MA of 1.89, and below the 200-day MA of 2.77, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 49.93 is Neutral, neither overbought nor oversold. The STOCH value of 14.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MSC.
Studio City International Holdings Risk Analysis
Studio City International Holdings disclosed 72 risk factors in its most recent earnings report. Studio City International Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Studio City International Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $10.56B | 23.52 | -174.87% | 1.03% | 6.36% | 21.32% | |
58 Neutral | $2.13B | 9.14 | -17.37% | ― | 6.01% | 338.84% | |
58 Neutral | $11.10B | 26.22 | 16.96% | ― | 3.19% | -8.14% | |
57 Neutral | $29.94B | 17.61 | 141.97% | 2.39% | 18.11% | 29.86% | |
55 Neutral | $163.95M | -19.04 | 70.68% | ― | -6.73% | -114.46% | |
49 Neutral | $379.29M | -1.66 | -7.59% | ― | 0.71% | 24.32% |
* Consumer Cyclical Sector Average
MSC
Studio City International Holdings
1.82
-2.48
-57.67%
LVS
Las Vegas Sands
45.43
-7.03
-13.41%
MLCO
Melco Resorts & Entertainment
5.47
-3.47
-38.81%
MGM
MGM Resorts
43.78
7.07
19.26%
WYNN
Wynn Resorts
102.79
-8.99
-8.05%
INSE
Inspired Entertainment
6.03
-2.36
-28.13%
Studio City International Holdings Corporate Events
Studio City Sets August 13, 2026 Date for Q2 Earnings Release
Aug 7, 2026
Studio City International Holdings announced on August 7, 2026, that it plans to release its unaudited financial results for the second quarter of 2026 on August 13, 2026. The scheduled earnings disclosure will give investors and analysts a closer...
Studio City Finance Cuts 33% of 2028 Senior Notes in US$165 Million Redemption
Jul 21, 2026
On July 18, 2026, Studio City Finance Limited redeemed US$165 million of its 6.500% senior notes due 2028, representing 33% of the notes’ original principal, and subsequently canceled the redeemed securities. Following this partial redemptio...
Studio City Finance to Partially Redeem US$165 Million of 2028 Senior Notes
Jun 18, 2026
On June 18, 2026, Studio City Finance Limited announced a partial redemption of its US$500 million 6.500% Senior Notes due 2028. The company will redeem US$165 million of the outstanding notes on July 18, 2026 at par, plus accrued and unpaid inter...
Studio City International Fully Redeems 7% Senior Secured Notes Due 2027
Jun 8, 2026
Studio City Company Limited announced that, pursuant to a redemption notice issued on May 6, 2026, it redeemed an aggregate principal amount of US$153,579,000 of its 7.000% senior secured notes due 2027 on June 5, 2026. The redeemed notes represen...
Studio City International Reshapes Debt Profile With New 2031 Notes and Q1 2026 Filings
May 29, 2026
Studio City International Holdings filed a Form 6-K on May 29, 2026, furnishing unaudited first-quarter 2026 financial information for its financing subsidiaries Studio City Finance Limited and Studio City Investments Limited. The filing highlight...
Studio City International Retires Majority of 7% 2027 Notes After Tender Offer Completion
May 15, 2026
On May 15, 2026, Studio City Company Limited reported that the financing condition for its previously announced cash tender offer for any and all of its 7.00% senior secured notes due 2027 had been satisfied, with the offer itself having expired o...
Studio City International Announces Results of Tender Offer for 7.00% 2027 Notes
May 13, 2026
Studio City Company Limited, a subsidiary of Studio City International Holdings Limited, operates an integrated resort business in Macau’s gaming and entertainment market. Its performance is influenced by fluctuations in Macau visitation, lo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.