Mgm Resorts International Stock Net Income
| MGM Stock | USD 39.44 2.17 5.22% |
MGM Resorts International fundamentals help investors to digest information that contributes to MGM Resorts' financial success or failures. It also enables traders to predict the movement of MGM Stock. The fundamental analysis module provides a way to measure MGM Resorts' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to MGM Resorts stock.
| Last Reported | Projected for Next Year | ||
| Net Income | 1.1 B | 1.2 B | |
| Net Income Applicable To Common Shares | 1.7 B | 1.8 B | |
| Net Income From Continuing Ops | 615.3 M | 484.5 M | |
| Net Income Per Share | 3.22 | 3.38 | |
| Net Income Per E B T | 0.78 | 0.98 |
MGM | Net Income |
MGM Resorts International Company Net Income Analysis
MGM Resorts' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current MGM Resorts Net Income | 1.14 B |
Most of MGM Resorts' fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, MGM Resorts International is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
MGM Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for MGM Resorts is extremely important. It helps to project a fair market value of MGM Stock properly, considering its historical fundamentals such as Net Income. Since MGM Resorts' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of MGM Resorts' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of MGM Resorts' interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
MGM Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, MGM Resorts International reported net income of 1.14 B. This is 123.67% higher than that of the Hotels, Restaurants & Leisure sector and significantly higher than that of the Consumer Discretionary industry. The net income for all United States stocks is 100.04% lower than that of the firm.
MGM Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses MGM Resorts' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of MGM Resorts could also be used in its relative valuation, which is a method of valuing MGM Resorts by comparing valuation metrics of similar companies.MGM Resorts is currently under evaluation in net income category among related companies.
MGM Resorts ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, MGM Resorts' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to MGM Resorts' managers, analysts, and investors.Environment Score | Governance Score | Social Score |
MGM Resorts Institutional Holders
Institutional Holdings refers to the ownership stake in MGM Resorts that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of MGM Resorts' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing MGM Resorts' value.| Shares | Fisher Asset Management, Llc | 2023-12-31 | 4.4 M | Amvescap Plc. | 2023-12-31 | 3.8 M | Bank Of America Corp | 2023-12-31 | 3.5 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 3.4 M | Goldman Sachs Group Inc | 2023-12-31 | 3.3 M | Norges Bank | 2023-12-31 | 3.1 M | Northern Trust Corp | 2023-12-31 | 2.6 M | Southeastern Asset Management Inc | 2023-12-31 | 2.5 M | Charles Schwab Investment Management Inc | 2023-12-31 | 2.4 M | Vanguard Group Inc | 2023-12-31 | 30.5 M | Blackrock Inc | 2023-12-31 | 21.7 M |
MGM Fundamentals
| Return On Equity | 0.27 | ||||
| Return On Asset | 0.0225 | ||||
| Profit Margin | 0.07 % | ||||
| Operating Margin | 0.1 % | ||||
| Current Valuation | 42.57 B | ||||
| Shares Outstanding | 317.02 M | ||||
| Shares Owned By Insiders | 21.21 % | ||||
| Shares Owned By Institutions | 68.83 % | ||||
| Number Of Shares Shorted | 12.46 M | ||||
| Price To Earning | 11.79 X | ||||
| Price To Book | 3.53 X | ||||
| Price To Sales | 0.84 X | ||||
| Revenue | 16.16 B | ||||
| Gross Profit | 6.47 B | ||||
| EBITDA | 2.4 B | ||||
| Net Income | 1.14 B | ||||
| Cash And Equivalents | 5.91 B | ||||
| Cash Per Share | 13.79 X | ||||
| Total Debt | 31.47 B | ||||
| Debt To Equity | 5.69 % | ||||
| Current Ratio | 1.49 X | ||||
| Book Value Per Share | 11.67 X | ||||
| Cash Flow From Operations | 2.69 B | ||||
| Short Ratio | 4.09 X | ||||
| Earnings Per Share | 3.19 X | ||||
| Price To Earnings To Growth | 15.74 X | ||||
| Target Price | 55.33 | ||||
| Number Of Employees | 58 K | ||||
| Beta | 2.2 | ||||
| Market Capitalization | 13.19 B | ||||
| Total Asset | 42.37 B | ||||
| Retained Earnings | 3.66 B | ||||
| Working Capital | 1.78 B | ||||
| Current Asset | 2.41 B | ||||
| Current Liabilities | 2.24 B | ||||
| Five Year Return | 1.15 % | ||||
| Net Asset | 42.37 B | ||||
| Last Dividend Paid | 0.003 |
About MGM Resorts Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze MGM Resorts International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MGM Resorts using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MGM Resorts International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
MGM Resorts Investors Sentiment
The influence of MGM Resorts' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in MGM. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to MGM Resorts' public news can be used to forecast risks associated with an investment in MGM. The trend in average sentiment can be used to explain how an investor holding MGM can time the market purely based on public headlines and social activities around MGM Resorts International. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
MGM Resorts' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for MGM Resorts' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average MGM Resorts' news discussions. The higher the estimated score, the more favorable is the investor's outlook on MGM Resorts.
MGM Resorts Implied Volatility | 113.79 |
MGM Resorts' implied volatility exposes the market's sentiment of MGM Resorts International stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if MGM Resorts' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that MGM Resorts stock will not fluctuate a lot when MGM Resorts' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MGM Resorts in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MGM Resorts' short interest history, or implied volatility extrapolated from MGM Resorts options trading.
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Try AI Portfolio ArchitectCheck out MGM Resorts Piotroski F Score and MGM Resorts Altman Z Score analysis. Note that the MGM Resorts International information on this page should be used as a complementary analysis to other MGM Resorts' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for MGM Stock analysis
When running MGM Resorts' price analysis, check to measure MGM Resorts' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGM Resorts is operating at the current time. Most of MGM Resorts' value examination focuses on studying past and present price action to predict the probability of MGM Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGM Resorts' price. Additionally, you may evaluate how the addition of MGM Resorts to your portfolios can decrease your overall portfolio volatility.
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Is MGM Resorts' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGM Resorts. If investors know MGM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGM Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.342 | Earnings Share 3.19 | Revenue Per Share 45.414 | Quarterly Revenue Growth 0.219 | Return On Assets 0.0225 |
The market value of MGM Resorts International is measured differently than its book value, which is the value of MGM that is recorded on the company's balance sheet. Investors also form their own opinion of MGM Resorts' value that differs from its market value or its book value, called intrinsic value, which is MGM Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGM Resorts' market value can be influenced by many factors that don't directly affect MGM Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.