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MGM Resorts International (MGM) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

MGM Resorts International (MGM) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. MGM Resorts International owns and operates casino, hotel and entertainment resorts. The company offers its services through its properties in Las Vegas include Bellagio, MGM Grand, Mandalay Bay, Mirage, Luxor, and New York-New York. MGM Resorts International has a market cap of $14.69 billion; its shares were traded at around $27.37 with a P/E ratio of 34.64 and P/S ratio of 1.35. The dividend yield of MGM Resorts International stocks is 1.75%. MGM Resorts International had annual average EBITDA growth of 30.70% over the past five years.


For the last quarter MGM Resorts International reported a revenue of $3.1 billion, compared with the revenue of $2.6 billion during the same period a year ago. For the latest fiscal year the company reported a revenue of $11.8 billion, an increase of 9.2% from last year. For the last five years MGM Resorts International had an average revenue growth rate of 3.3% a year.

The reported diluted earnings per share was 81 cents for the year, a decline of 75.8% from the previous year. The MGM Resorts International had a decent operating margin of 12.52%, compared with the operating margin of 15.29% a year before. The 10-year historical median operating margin of MGM Resorts International is 10.46%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, MGM Resorts International has the cash and cash equivalents of $1.5 billion, compared with $1.5 billion in the previous year. The long term debt was $15.1 billion, compared with $12.8 billion in the previous year. The interest coverage to the debt is 1.9, which is not a favorable level. MGM Resorts International has a financial strength rank of 4 (out of 10).

At the current stock price of $27.37, MGM Resorts International is traded at 24.4% premium to its historical median P/S valuation band of $22.01. The P/S ratio of the stock is 1.35, while the historical median P/S ratio is 1.09. The stock lost 20.29% during the past 12 months.

For the complete 20-year historical financial data of MGM, click here.

This article first appeared on GuruFocus.