Melco Resorts & Entertainment stock analysis
Melco Resorts & Entertainment (0A2P) Share Price & Analysis
0A2P Stock Chart & Stats
- Day’s Range
- $5.46 - $5.46
- 52-Week Range
- $5.46 - $6.38
- Previous Close
- $5.46
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- $1.53B
- Enterprise Value
- $8.43B
- Total Cash (Recent Filing)
- $762.45M
- Total Debt (Recent Filing)
- $7.24B
- Price to Earnings (P/E)
- 10.5
- Beta
- 0.10
- Next Earnings
- Mar 04, 2027 (Est.)
- EPS Estimate
- 0.07
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Operating Recovery
The rebound in revenue, EBITDA and operating income shows that Melco has regained meaningful earnings power after the COVID-impacted period. If operating performance remains stable, improved scale and margins can support reinvestment, debt service and stronger cash generation over the next several quarters.
Improved Cash Generation
Stronger operating and free cash flow provides an internal funding source for maintenance investment, debt repayment and resort improvements. Free cash flow exceeding accounting earnings in 2024–2025 also supports the quality of reported profitability, although historical cash flow volatility remains relevant.
Geographic Diversification
Record EBITDA in Cyprus demonstrates that Melco’s earnings base is not solely dependent on Macau and that newer properties can contribute meaningfully as they mature. A broader regional portfolio may improve resilience when one market experiences weaker demand or competitive pressure.
Bears Say
High Leverage And Negative Equity
The combination of substantial debt and negative shareholders’ equity materially limits financial flexibility. It leaves Melco more exposed to earnings volatility, refinancing conditions and interest costs, while reducing the balance-sheet capacity available to fund growth or absorb a prolonged downturn.
Macau Demand And Competition
Macau remains the company’s core operating market, so broad weakness in Chinese consumption can affect gaming, hospitality and non-gaming revenue simultaneously. Intense competition may also force higher reinvestment or constrain margins, making a durable recovery less certain.
Thin Net Profitability
A thin net margin leaves relatively little earnings buffer after operating costs, depreciation and financing expenses. Consequently, ordinary changes in gaming demand, property costs or interest burden can produce a disproportionate effect on net income and slow the pace of deleveraging.
Melco Resorts & Entertainment News
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Melco Resorts & Entertainment Stock Smart Score
Company Description
Melco Resorts & Entertainment
Melco Resorts & Entertainment Limited is a company focused on the development, ownership, and operation of casino gaming and luxury resort complexes throughout Asia and Europe. In Macau, its portfolio includes several major properties: City of Dreams: An expansive integrated casino resort, it features approximately 511 gaming tables, 572 gaming machines, and around 770 accommodations (including rooms, suites, and villas). This complex also offers roughly 25 dining and beverage venues, 165 retail outlets, wellness and fitness centers, three swimming pools, spas and salons, and comprehensive banquet and meeting spaces. Altira Macau: This casino hotel boasts about 101 gaming tables, 121 gaming machines, and 230 hotel rooms. Guests can enjoy various casual and fine dining establishments, along with recreational and leisure facilities such as a spa, gymnasium, an outdoor garden podium, and a sky terrace lounge. Studio City: Situated in Cotai, Macau, this cinematically themed integrated resort combines gaming facilities (290 tables, 645 machines) with a hotel, entertainment options, retail shopping, and food and beverage services. The company also manages seven Mocha Clubs, housing 813 gaming machines collectively, and the Grand Dragon casino on Taipa Island, Macau. Beyond Macau, Melco operates City of Dreams Manila, an integrated resort located within the Entertainment City complex in the Philippines' capital. Its European operations encompass a casino in Limassol, Cyprus, alongside three satellite casinos situated in Nicosia, Ayia Napa, and Paphos. Established in 2004 and based in Central, Hong Kong, the company was formerly known as Melco Crown Entertainment Limited before adopting its current name in April 2017. Melco Resorts & Entertainment Limited functions as a subsidiary of Melco Leisure and Entertainment Group Limited.
- Sector
- Consumercyclical
- Industry
- Gambling, Resorts & Casinos
- CEO
- Yau Lung
- Employees
- 22,961
- Website
- www.melco-resorts.com
- Address
- The Centrium, Hong Kong, 00000, HK
Melco Resorts & Entertainment (0A2P) Earnings & Revenues
0A2P Company Deck
0A2P Earnings Call
Earnings Call SentimentPositive
The call was cautiously positive. Management highlighted resilient operating performance, record quarterly EBITDA in Cyprus, steady Manila EBITDA, lower Macau OPEX, strong liquidity, debt redemptions, substantial share repurchases, reduced CapEx guidance, and October outperformance versus the Macau market. These positives were balanced by a 10% October market decline, broad China-related demand softness, intense competition, unfavorable Macau VIP win rates, incremental REM expenses, and uncertainty around dividend timing. Overall, the positive operational and balance-sheet developments outweighed the stated challenges.
View all GB:0A2P earnings summaries0A2P Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 0 | 1 | 13 |
| Technical Analysis | 0 | 0 | 2 |
| Moving Averages | 0 | 1 | 11 |










