Melco Resorts & Entertainment Limited

NASDAQ•MLCO

CEO: Mr. Yau Lung Ho

セクター: Consumer Cyclical

業種: Gambling, Resorts & Casinos

上場日: 2006-12-19

Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Asia and Europe. It owns and operates City of Dreams, an integrated casino resort that has gaming tables and gaming machines; suites and villas; restaurants and bars; retail outlets; a wet stage performance theater; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spas and salons and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has gaming tables and gaming machines; hotel rooms; dining and casual restaurants; recreation and leisure facilities; and non-gaming amenities. In addition, it operates Studio City, a cinematically themed integrated resort with gaming facilities, hotel, entertainment, retail, and food and beverage outlets in Cotai, Macau. Further, the company owns and operates Mocha Clubs with gaming machines, as well as Grand Dragon casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, an integrated resort in the Entertainment City complex in Manila; a casino in Limassol and satellite casinos in Nicosia, Ayia Napa, and Paphos in Cyprus; and develops and operates City of Dreams Mediterranean, an integrated casino resort in Cyprus. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was incorporated in 2004 and is headquartered in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.

連絡先情報

The Centrium, 38th Floor 60 Wyndham Street, Central, Hong Kong

852-2598-3600

www.melco-resorts.com

時価総額

$2.18B

PER (TTM)

11.8

15.4

配当利回り

52週高値

$10.15

52週安値

$4.55

52週レンジ

19%

順位45Top 56.8%

3.6

F-Score

改良版 Piotroski 分析

10年ファンダメンタル

弱い • 3.6 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2016-2025

財務ダッシュボード

Q4 2025 データ

売上高

$1.29B+0.00%

直近4四半期の推移

EPS

$0.15+0.00%

直近4四半期の推移

フリーCF

$0.00+0.00%

直近4四半期の推移

2024 Annual 決算ハイライト

主なハイライト

Revenue Rebounds Strongly Total operating revenues reached US$4.64 B in 2024, marking a 22.9% increase driven by Macau tourism recovery.

Return to Profitability Achieved Net income attributable to shareholders was US$43.5 M in 2024, reversing the US$326.9 M net loss reported in 2023.

Macau Casino Revenue Growth Casino revenues grew 22.6% to US$3.77 B in 2024, supported by full-year operations of new resort phases.

New Property Operations Ramp City of Dreams Mediterranean opened mid-2023, contributing to improved mass market segment performance in Cyprus operations.

リスク要因

Macau Regulatory Dependence Results heavily depend on Mainland China travel policies and Macau government regulatory actions affecting customer visitation.

Significant Leverage Remains Total long-term debt stands at US$7.18 B as of December 31, 2024, requiring substantial cash flow for debt service.

Intense Regional Competition Faces intense competition in Macau, Philippines, and Cyprus from larger, more diversified regional gaming operators.

Future Debt Maturity Profile Significant portions of long-term debt, including various senior notes, mature between 2025 and 2029, requiring refinancing.

見通し

Sri Lanka Project Commencement City of Dreams Sri Lanka, the first integrated resort in the country, is expected to commence casino and hotel operations in Q3 2025.

Capital Expenditure Focus Significant capital expenditures planned for ongoing enhancement of Macau properties and development of Sri Lanka project.

Maintaining Liquidity Position Intends to finance future projects using operating cash flow, existing balances, and potential equity or debt financings.

Studio City VIP Repositioning VIP rolling chip operations at Studio City were transferred to City of Dreams in late October 2024 to focus on mass market.

同業比較

売上高 (TTM)

MLCO

$5.16B

+11.3%

LEG

$4.06B

-7.5%

GIII

$3.36B

+8.3%

粗利益率 (最新四半期)

MCRI

55.3%

-8.6pp

CRI

43.2%

-1.9pp

GIII

37.0%

+0.2pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
MLCO	$2.18B	11.8	-13.9%	92.5%
MCRI	$1.80B	18.1	18.7%	3.6%
LEG	$1.38B	6.1	26.1%	46.8%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

1.6%

緩やかな成長

4四半期純利益CAGR

23.1%

収益性の大幅な改善

キャッシュフロー安定性

キャッシュフローに注意が必要

深度リサーチ

次回決算:2026年5月6日

EPS:$0.10

売上高:$1.32B

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし