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Melco Holdings Inc.
(6676)
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Rating:70Outperform
Price Target:
¥2,506.00
▼(-48.91% Downside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by solid financial stability (low leverage) but tempered by weakening revenue and inconsistent cash conversion. Technicals add support via an established uptrend, while valuation is a notable positive due to a low P/E and a reasonable dividend yield.
Positive Factors
Balance Sheet Health
Very low leverage and a large equity base (~43.0B in FY2026) provide durable financial flexibility. This strong balance sheet lowers default risk, supports investment or share actions during downturns, and preserves strategic optionality across a 2–6 month horizon and beyond.
Negative Factors
Revenue Decline
A sharp revenue decline (~15.4% in FY2026) and multi-year negative growth undermine scale and signal demand or pricing pressure. Sustained top-line contraction reduces operating leverage, hampers margin expansion, and constrains reinvestment and growth prospects over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Health
Very low leverage and a large equity base (~43.0B in FY2026) provide durable financial flexibility. This strong balance sheet lowers default risk, supports investment or share actions during downturns, and preserves strategic optionality across a 2–6 month horizon and beyond.
Read all positive factors
Melco Holdings Inc. (6676) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥57.95B
Dividend Yield2.03%
Average Volume (3M)47.30K
Price to Earnings (P/E)7.6
Beta (1Y)1.18
Revenue Growth-18.06%
EPS Growth63.54%
CountryJP
Employees1,020
SectorTechnology
Sector Strength88
IndustryComputer Hardware
Share Statistics
EPS (TTM)252.52
Shares Outstanding24,000,000
10 Day Avg. Volume89,510
30 Day Avg. Volume47,300
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)1.39
Price to Sales (P/S)0.51
P/FCF Ratio17.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)218.5
Revenue Forecast (FY)¥112.00B
Melco Holdings Inc. Business Overview & Revenue Model
Company Description
Melco Holdings Inc., a Tokyo-headquartered company established in 1975, operates globally through its subsidiaries, focusing on the development, production, and distribution of digital consumer electronics and computer peripherals. Its extensive p...
Melco Holdings Inc. Financial Statement Overview
Summary
Income Statement
61
Positive
Balance Sheet
84
Very Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 138.66B | 117.31B | 143.17B | 145.77B | 142.58B | 144.14B |
| Gross Profit | 39.15B | 30.39B | 38.10B | 36.07B | 35.98B | 43.91B |
| EBITDA | 12.53B | 10.64B | 11.19B | 5.67B | 6.77B | 15.08B |
| Net Income | 7.51B | 8.07B | 6.01B | 3.01B | 3.06B | 9.35B |
Balance Sheet | ||||||
| Total Assets | 70.25B | 71.44B | 76.79B | 95.94B | 93.41B | 95.80B |
| Cash, Cash Equivalents and Short-Term Investments | 25.44B | 27.21B | 31.61B | 29.96B | 20.51B | 28.52B |
| Total Debt | 1.50B | 1.55B | 0.00 | 0.00 | 99.00M | 960.00M |
| Total Liabilities | 28.87B | 28.44B | 31.75B | 32.01B | 30.94B | 32.67B |
| Stockholders Equity | 41.38B | 43.00B | 45.04B | 63.92B | 62.46B | 63.12B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.49B | 13.57B | 4.57B | -1.47B | -245.00M |
| Operating Cash Flow | 0.00 | 3.70B | 14.72B | 6.63B | 392.00M | 1.00B |
| Investing Cash Flow | 0.00 | 631.00M | -1.36B | 5.37B | 2.74B | -1.84B |
| Financing Cash Flow | 0.00 | -8.79B | -7.16B | -2.61B | -4.51B | -6.96B |
Melco Holdings Inc. Technical Analysis
Negative
4905.00
Price Trends
2494.68
Negative
2464.80
Negative
2266.34
Positive
Market Momentum
23.61
Positive
43.34
Neutral
6.40
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6676, the sentiment is Negative. The current price of 4905 is above the 20-day moving average (MA) of 2521.95, above the 50-day MA of 2494.68, and above the 200-day MA of 2266.34, indicating a neutral trend. The MACD of 23.61 indicates Positive momentum. The RSI at 43.34 is Neutral, neither overbought nor oversold. The STOCH value of 6.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6676.
Melco Holdings Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥164.01B | 6.95 | 12.77% | 2.84% | 11.98% | 115.71% | |
70 Outperform | ¥57.95B | 7.57 | ― | 2.03% | -18.06% | 63.54% | |
63 Neutral | ¥861.46B | 47.39 | 6.07% | 3.69% | 3.69% | -66.26% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥4.11T | 12.32 | ― | 3.27% | 1.75% | 93.78% | |
53 Neutral | ¥157.89B | -66.46 | -6.21% | 1.61% | -1.34% | -107.64% |
* Technology Sector Average
JP:6676
Melco Holdings Inc.
2,422.00
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117.68%
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3.38%
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.