MGM Resorts International(MGM) 종목 분석 — 적정가치·리스크·해자 평가
NYQ · Consumer Cyclical · Resorts & Casinos
MGM Resorts International는 지금 안전한 투자처인가?
MGM Resorts International's Altman Z-Score of 0.74 places it in the distress zone. Our fair value estimate is $30.00 (Overvalued). Moat rating: 3.1/5 stars.
MGM Resorts International는 파산할 가능성이 있는가? Altman Z-Score 분석
Z-Score of 0.74 falls below the 1.8 distress threshold, indicating significant financial stress.
- 1.8 미만 — 위험 구간(파산 리스크 높음)
- 1.8~3.0 — 회색 구간(불확실성 높음)
- 3.0 초과 — 안전 구간(재무 건전)
MGM의 Z-Score를 구성하는 요인은?
| 구성 요소 | 산식 | 수치 | 가중치 | 기여도 |
|---|---|---|---|---|
| A · Working Capital / Total Assets | WC / TA | 0.0198 | 1.2 | 0.02 |
| B · Retained Earnings / Total Assets | RE / TA | 0.0509 | 1.4 | 0.07 |
| C · EBIT / Total Assets | EBIT / TA | 0.0169 | 3.3 | 0.06 |
| D · Market Cap / Total Liabilities | MCap / TL | 0.2817 | 0.6 | 0.17 |
| E · Revenue / Total Assets | Rev / TA | 0.4239 | 1.0 | 0.42 |
MGM의 재무 건전성은 어떻게 변화해 왔는가?
| 연도 | Z-Score | 구간 |
|---|---|---|
| 2022 | 0.8 | 위험 |
| 2023 | 0.87 | 위험 |
| 2024 | 0.83 | 위험 |
| 2025 | 0.74 | 위험 |
출처: MGM의 SEC EDGAR 최신 10-K 기반 산출.
MGM Resorts International의 진정한 가치는 얼마인가?
산출 방법
| 입력값 | 수치 | 출처 |
|---|---|---|
| 예상 EPS(α) | $0.75 | 독자 모델: 공시 실적값 (4분기 실적) + 애널리스트 컨센서스(α 가중) |
| 전년도 EPS | $0.76 | 연차보고서(SEC EDGAR) |
| 애널리스트 컨센서스 EPS(금년도) | $1.85 | 18명의 애널리스트 컨센서스 |
| 실적 PER | 51.6x | 현재 시장 프라이싱 |
| 적정 PER(β 디스카운트) | 40.0x | 실적 PER을 가치 디스카운트 계수 β로 조정 후 상한 설정 |
| 실적 트렌드(γ) | 안정 | 방향성 시그널: 예상 EPS와 실적 EPS 비교 |
월가 참고치: 애널리스트 컨센서스 목표주가는 $42.83(18명의 애널리스트). 참고치이며 당사 밸류에이션 모델에는 사용하지 않습니다.
출처: 실적 데이터는 SEC EDGAR 제출 서류, 시장 데이터는 Yahoo Finance. 최근 분기가 반영되지 않았을 수 있습니다.
MGM Resorts International는 지속적인 경쟁우위를 보유하고 있는가?
Moat rating: 3.1/5.
MGM의 해자 점수를 구성하는 요인은?
ROIC Stability
ROIC variability over the past decade. Score: 4/5.
Gross Margin Trend
Gross margin trajectory over the past decade. Score: 2/5.
Switching Costs
Estimated customer lock-in based on margin level. Score: 3/5.
MGM의 투하자본수익률은 얼마나 안정적인가?
| 연도 | ROIC | 트렌드 |
|---|---|---|
| 2022 | 11.1% | — |
| 2023 | 19.0% | Rising |
| 2024 | 16.6% | Declining |
| 2025 | 8.1% | Declining |
출처: ROIC는 SEC EDGAR 제출 서류 기반 산출.
MGM Resorts International의 배당은 안전한가?
MGM Resorts International의 주요 재무 지표
| 지표 | 최신 | 1년 전 | 3년 전 | 트렌드 |
|---|---|---|---|---|
| Revenue | $17.5B | $17.2B | $13.1B | Rising |
| Net Income | $0.2B | $0.7B | $1.5B | Declining |
| Free Cash Flow | $1.5B | $1.2B | $1.0B | Rising |
| Gross Margin | 44.4% | 45.5% | 49.3% | Declining |
MGM의 분석에 영향을 미치는 최근 이벤트
MGM 실적 발표 예정
실적 발표 예정. 컨센서스 EPS 예상치: $0.51. 매출 예상치: $4.37B. 당사의 현재 적정가치: $30.00 — 예상치를 크게 상회하거나 하회하면 추정치가 변동될 수 있습니다.
MGM 애널리스트 컨센서스: 45% 강세 (10/22명)
1 강력 매수, 9 매수, 9 중립, 3 매도, 0 강력 매도. 컨센서스 목표가: $42.83 (9.1% 상승 여력). 당사 독자 적정가치와 비교: $30.00.
MGM EPS 예상치 209.1% 상회
실제 EPS: $1.60 예상치 $0.52. 양호한 실적으로 당사의 적정가치 $30.00 (23.5% 현재 주가 대비 하회).
MGM EPS 예상치 19.9% 하회
실제 EPS: $0.24 예상치 $0.30. 당사의 적정가치 $30.00 추세가 지속되면 하향 조정 압력이 가해질 수 있습니다.
MGM EPS 예상치 72.0% 하회
실제 EPS: $0.18 예상치 $0.64. 당사의 적정가치 $30.00 추세가 지속되면 하향 조정 압력이 가해질 수 있습니다.
MGM EPS 예상치 54.3% 상회
실제 EPS: $0.69 예상치 $0.45. 양호한 실적으로 당사의 적정가치 $30.00 (23.5% 현재 주가 대비 하회).
MGM EPS 예상치 33.0% 상회
실제 EPS: $0.45 예상치 $0.34. 양호한 실적으로 당사의 적정가치 $30.00 (23.5% 현재 주가 대비 하회).
MGM Resorts International에 대한 자주 묻는 질문
What is MGM Resorts International stock price today?
MGM Resorts International (MGM) stock price is $39.24 as of the latest market close, traded on the NYSE exchange.
What does MGM Resorts International do?
MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. It operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. It operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well as online/digital games through its online platforms.
What is MGM Resorts International market cap?
MGM Resorts International has a market capitalization of $10.73B, classifying it as a large-cap stock in the Consumer Cyclical sector.
What sector and industry is MGM in?
MGM Resorts International operates in the Consumer Cyclical sector, specifically within the Resorts & Casinos industry. It trades on the NYSE under the ticker symbol MGM.
Is MGM stock overvalued or undervalued?
Based on our valuation model, MGM Resorts International trades 30.8% above our fair value estimate — potentially overvalued.
- FairValueLabs Fair Value: $30.00
- Current Price: $39.24
- Valuation Zone: Overvalued
What is MGM stock forecast and analyst target price?
Based on 18 Wall Street analysts, the consensus price target for MGM Resorts International is $42.83, implying upside of 9.1% from the current price.
- Analyst High Target: $62.00
- Analyst Low Target: $30.00
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is MGM Resorts International revenue and earnings growing?
Here are the analyst consensus growth estimates for MGM Resorts International:
- Revenue growth (current year est.): 0.8%
- EPS growth (current year est.): -44.1%
- Revenue growth (next year est.): 1.7%
- EPS growth (next year est.): 25.7%
What are MGM Resorts International's key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $17.5B | Rising |
| Net Income | $0.2B | Declining |
| Free Cash Flow | $1.5B | Rising |
| Gross Margin | 44.4% | Declining |
What is MGM's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Trailing P/E (last 12 months): 51.6x
- Forward P/E (next 12 months est.): 17.0x
- FairValueLabs Fair P/E: 40.0x
How volatile is MGM stock?
MGM Resorts International has a beta of 1.35, meaning it is somewhat more volatile than the broader market. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does MGM Resorts International have?
MGM Resorts International's balance sheet shows:
- Total Cash: $2.27B
- Total Debt: $31.55B
- Net Cash Position: $-29.28B
A positive net cash position means the company holds more cash than debt, reducing financial risk.
What is MGM Resorts International's free cash flow?
MGM Resorts International generated $478.0M in trailing twelve-month free cash flow (from $2.53B in operating cash flow). Free cash flow represents the cash available for dividends, buybacks, and debt reduction after all capital expenditures.
Does MGM Resorts International pay a dividend?
MGM Resorts International does not currently pay a regular dividend to shareholders. The company may be reinvesting all profits back into growth, or it may have suspended its dividend.
Is MGM Resorts International at risk of going bankrupt?
MGM Resorts International's Altman Z-Score is 0.74, placing it in the distress zone (below 1.8) — elevated bankruptcy risk. The Z-Score uses five balance sheet ratios to predict bankruptcy probability within two years.
Does MGM Resorts International have a durable competitive advantage?
MGM Resorts International scores 3.1/5 stars (Narrow moat) in our moat analysis:
- ROIC Stability: 4/5
- Gross Margin Trend: 2/5
- Switching Costs: 3/5
A score above 3.5 suggests meaningful pricing power and a defensible market position.
What is MGM's return on equity (ROE)?
MGM Resorts International's return on equity is 14.9%. ROE measures how efficiently a company generates profits from shareholder equity. An ROE above 15% is generally considered strong, while below 10% may signal inefficiency.
How do I buy MGM stock?
MGM shares can be purchased through any brokerage account that provides access to the NYSE. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol MGM
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is MGM a value stock or speculative?
FairValueLabs classifies MGM Resorts International as Value-Speculation. It has some value characteristics but carries elevated risk factors that make it speculative. Extra due diligence is recommended.
Who is the CEO of MGM Resorts International?
The current CEO of MGM Resorts International is Mr. William Joseph Hornbuckle IV.
What is MGM's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $0.76
- Forward EPS (next 12 months est.): $2.31
- Analyst consensus EPS (this year): $1.85
- Analyst consensus EPS (next year): $2.32
FairValueLabs가 분석하는 기타 Consumer Cyclical 기업
FairValueLabs 면책 조항
본 페이지의 모든 밸류에이션, 점수, 평가, 분류는 FairValueLabs 독자 밸류에이션 시스템으로 산출된 것입니다. 실제 시장 가치, 수익 보장 또는 전문적인 투자 조언을 의미하지 않습니다. 교육 및 리서치 목적의 분석 추정치입니다.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
최종 업데이트: 2026년 4월 22일. 데이터 소스: SEC EDGAR(재무제표), Yahoo Finance(시장 데이터, 애널리스트 컨센서스). 최근 분기 데이터가 반영되지 않았을 수 있습니다.