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Studio City International Holdings
(NYSE:MSC)
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Rating:47Neutral
Price Target:
$0.91
▼(-47.70% Downside)
Action:Reiterated
Date:10/01/26
The score is held back primarily by elevated financial risk (high leverage and continued net losses) despite better operating trends and newly positive free cash flow. Technicals are notably bearish with the price below all key moving averages and negative momentum indicators. Valuation is also penalized because the company remains loss-making (negative P/E) and no dividend yield is available to offset risk.
Positive Factors
Revenue recovery
The sharp rebound in revenue from the 2022 trough shows meaningful recovery in resort demand and operating scale. Continued top-line expansion can support stronger utilization of the integrated resort, improve fixed-cost absorption, and provide a foundation for sustained earnings improvement.
Negative Factors
High leverage
The highly levered capital structure leaves limited flexibility if Macau operating conditions weaken. Large debt obligations increase fixed financial demands, while declining equity and consistently negative returns on equity make it harder to absorb setbacks or fund growth from the balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
The sharp rebound in revenue from the 2022 trough shows meaningful recovery in resort demand and operating scale. Continued top-line expansion can support stronger utilization of the integrated resort, improve fixed-cost absorption, and provide a foundation for sustained earnings improvement.
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
$221.25M
Dividend YieldN/A
Average Volume (3M)119.39K
Price to Earnings (P/E)―
Beta (1Y)-0.56
Revenue Growth0.71%
EPS Growth24.32%
CountryUS
Employees5,879
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-1.09
Shares Outstanding192,588,180
10 Day Avg. Volume326,407
30 Day Avg. Volume119,392
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 | 684.08M | 694.57M | 639.14M | 445.54M | 11.55M | 106.87M |
| Gross Profit | 421.48M | 465.95M | 415.29M | 273.01M | -67.21M | 24.62M |
| EBITDA | 283.14M | 281.59M | 240.18M | 152.80M | -141.61M | -83.86M |
| Net Income | -51.79M | -58.77M | -96.73M | -133.52M | -326.45M | -252.56M |
Balance Sheet | ||||||
| Total Assets | 2.70B | 2.80B | 2.99B | 3.24B | 3.59B | 3.32B |
| Cash, Cash Equivalents and Short-Term Investments | 118.18M | 109.40M | 127.63M | 228.04M | 509.52M | 499.29M |
| Total Debt | 1.99B | 2.05B | 2.18B | 2.35B | 2.45B | 2.10B |
| Total Liabilities | 2.17B | 2.22B | 2.34B | 2.51B | 2.72B | 2.37B |
| Stockholders Equity | 484.45M | 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
Negative
1.74
Price Trends
1.55
Negative
1.82
Negative
2.39
Negative
Market Momentum
-0.21
Negative
39.44
Neutral
62.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSC, the sentiment is Negative. The current price of 1.74 is above the 20-day moving average (MA) of 1.18, above the 50-day MA of 1.55, and below the 200-day MA of 2.39, indicating a bearish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 39.44 is Neutral, neither overbought nor oversold. The STOCH value of 62.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
58 Neutral | $1.59B | 7.00 | -17.37% | 3.75% | 6.01% | 338.84% | |
57 Neutral | $23.47B | 14.04 | 141.97% | 3.17% | 18.11% | 29.86% | |
56 Neutral | $7.67B | 18.25 | 16.96% | 0.03% | 3.19% | -8.14% | |
56 Neutral | $7.81B | 17.36 | -174.87% | 1.32% | 6.36% | 21.32% | |
50 Neutral | $6.04B | -13.00 | -12.62% | ― | 2.41% | -146.70% | |
47 Neutral | $221.25M | -0.96 | -10.08% | ― | 0.71% | 24.32% |
* Consumer Cyclical Sector Average
MSC
Studio City International Holdings
1.05
-2.82
-72.87%
LVS
Las Vegas Sands
36.23
-14.93
-29.18%
MLCO
Melco Resorts & Entertainment
4.19
-4.33
-50.82%
MGM
MGM Resorts
30.48
-3.44
-10.14%
WYNN
Wynn Resorts
75.88
-47.55
-38.53%
CZR
Caesars Entertainment
29.65
3.27
12.40%
Studio City International Holdings Corporate Events
Studio City Names Dominique Mielle Chair of Audit and Risk Committee
Sep 23, 2026
Studio City International Holdings Limited, a NYSE‑listed integrated resort operator in Cotai, Macau, focuses on gaming and entertainment offerings and benefits from the backing of majority shareholder Melco Resorts Entertainment Limited. I...
Studio City Mourns Passing of Key Independent Director Kevin F. Sullivan
Sep 4, 2026
Studio City International Holdings Limited announced that independent director Kevin F. Sullivan passed away on September 4, 2026, in Macau. Sullivan had served on the board since October 2018, chairing the audit and risk committee and sitting on ...
Studio City International Strengthens Debt Profile with Redemptions and New 2031 Notes
Aug 28, 2026
On August 28, 2026, Studio City International Holdings filed a Form 6-K covering unaudited results for Studio City Finance Limited and Studio City Investments Limited for the three and six months ended June 30, 2026. The quarterly report details t...
Studio City Q2 2026 Earnings Decline as Resort Operator Reshapes Debt Profile
Aug 14, 2026
Studio City reported unaudited second‑quarter 2026 operating revenues of US$164.6 million, down from US$190.1 million a year earlier, reflecting softer mass‑market table performance and weaker non‑gaming income. Gross gaming reve...
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...
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.