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Melco Resorts & Entertainment Limited (MLCO)

Consumer Cyclical | Resorts & Casinos | Central, Hong Kong | NasdaqGS
4.19 USD -0.05 (-1.297%) ⇩ (Oct. 14, 2026, 12:26 p.m. EDT)

Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 9:23 a.m. EDT

The investment case here is severely compromised by a broken balance sheet and a history of capital destruction. The company carries nearly $7.3 billion in debt against only $913 million in cash, resulting in a negative book value of -$4.30 per share. While the trailing P/E looks attractive at 7x, this is a classic value trap; the market is pricing in a permanent impairment of the business, which is confirmed by the 53% cumulative loss over the last nine years. Although the most recent annual report showed a slight uptick (+0.25%), the stock remains trapped in a multi-year downtrend, having lost half its value since 2016. The options market reflects this pessimism perfectly, with traders buying deep out-of-the-money puts to hedge against further erosion, while call buyers remain scarce. Without a credible path to deleveraging or a massive turnaround in revenue growth, this remains a speculative holding with significant downside risk.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.044893
MSTL0.046362
AutoARIMA0.046375
AutoETS0.046380

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 45%
H-stat 1.78
Ljung-Box p 0.000
Jarque-Bera p 0.002
Excess Kurtosis 0.74
Attribute Value
Sector Consumer Cyclical
Ex Dividend Date 2020-02-27
Last Dividend Date 2020-02-27
Revenue per Share 13.396
Market Cap 1,591,321,344
Trailing P/E 7.09
Forward P/E 5.83
Beta 0.48
Profit Margins 4.50%
Website https://www.melco-resorts.com

As of Oct. 10, 2026, 9:23 a.m. EDT: Speculators are positioning heavily for downside protection, evidenced by massive open interest in out-of-the-money puts expiring in late 2027 and early 2028, particularly at strikes significantly above the current price. This 'insurance' positioning suggests a fear of a prolonged decline rather than a belief in a recovery. Conversely, call activity is sparse and concentrated near the money, indicating a lack of aggressive bullish speculation despite the low implied volatility.


Dividend Data

Dividend History
Date Dividend Yield %
2020-02-28 0.165 0.951557
2019-11-08 0.165 0.743578
2019-08-02 0.165 0.787589
2019-05-17 0.155 0.756467
2019-03-01 0.155 0.670996
2018-11-16 0.145 0.856974
2018-08-03 0.145 0.613108
2018-05-11 0.135 0.429663
2018-02-16 0.135 0.479744
2017-11-13 0.090 0.358138
2017-08-04 0.090 0.444664
2017-05-12 0.090 0.407609
2017-02-23 0.090 0.553165
2017-01-19 1.321 7.957831
2016-11-10 0.038 0.223267
2016-08-12 0.019 0.128814
2016-05-13 0.022 0.150479
2016-02-26 0.644 4.040151
2015-11-13 0.018 0.104956
2015-08-13 0.013 0.060018
2015-05-21 0.034 0.175983
2015-03-02 0.051 0.211005
2014-11-20 0.072 0.286396
2014-08-21 0.078 0.268688
2014-05-21 0.129 0.390082
2014-04-02 0.344 0.870886
Additional Data
dividendYield 0.0
exDividendDate 2020-02-28
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.165
lastDividendDate 2020-02-28
dividendDate 2020-03-12

Info Dump

Attribute Value
52 Week Change -0.48039216
Address1 The Centrium
Address2 38th Floor 60 Wyndham Street
All Time High 45.7
All Time Low 2.27
Ask 4.77
Ask Size 1
Average Analyst Rating 1.8 - Buy
Average Daily Volume10 Day 1,861,960
Average Daily Volume3 Month 1,776,248
Average Volume 1,776,248
Average Volume10Days 1,861,960
Beta 0.483
Bid 3.58
Bid Size 1
Book Value -4.302
City Central
Country Hong Kong
Crypto Tradeable 0
Currency USD
Current Price 4.185
Current Ratio 1.014
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 4.285
Day Low 4.135
Display Name Melco Resorts & Entertainment
Dividend Date 1,583,971,200
Dividend Yield 0.0
Earnings Call Timestamp End 1,786,624,200
Earnings Call Timestamp Start 1,786,624,200
Earnings Growth 0.357
Earnings Quarterly Growth 0.318
Earnings Timestamp 1,786,624,200
Earnings Timestamp End 1,793,881,800
Earnings Timestamp Start 1,793,881,800
Ebitda 1,244,300,032
Ebitda Margins 0.23829001
Enterprise To Ebitda 6.687
Enterprise To Revenue 1.593
Enterprise Value 8,320,249,856
Eps Current Year 0.42981
Eps Forward 0.71842
Eps Trailing Twelve Months 0.59
Esg Populated 0
Ex Dividend Date 1,582,848,000
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 852 2537 3618
Fifty Day Average 4.9684
Fifty Day Average Change -0.78340006
Fifty Day Average Change Percent -0.15767653
Fifty Two Week Change Percent -48.039215
Fifty Two Week High 9.53
Fifty Two Week High Change -5.345
Fifty Two Week High Change Percent -0.56086046
Fifty Two Week Low 4.06
Fifty Two Week Low Change 0.125
Fifty Two Week Low Change Percent 0.030788178
Fifty Two Week Range 4.06 - 9.53
Financial Currency USD
First Trade Date Milliseconds 1,166,538,600,000
Five Year Avg Dividend Yield 1.83
Float Shares 139,355,647
Forward Eps 0.71842
Forward P E 5.825283
Full Exchange Name NasdaqGS
Full Time Employees 22,961
Fullday Change -0.05499983
Fullday Change Percent -1.2971659
Fullday Price 4.185
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.38194
Gross Profits 1,994,374,016
Has Pre Post Market Data 1
Held Percent Insiders 0.01958
Held Percent Institutions 0.29803
Implied Shares Outstanding 380,244,063
Industry Resorts & Casinos
Industry Disp Resorts & Casinos
Industry Key resorts-casinos
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,582,848,000
Last Dividend Value 0.165
Last Fiscal Year End 1,767,139,200
Long Business Summary Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Macau, the Philippines, Cyprus, and internationally. It operates through City of Dreams, Studio City, Altira Macau, Mocha, City of Dreams Manila, City of Dreams Mediterranean and Other, Other Operations, and Corporate and Other segments. The company owns and operates City of Dreams, an integrated resort that has gaming tables and gaming machines; suites and villas; food and beverage outlets; 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 in Cotai, Macau. It also operates Studio City, a cinematically themed integrated resort with gaming facilities, hotel, entertainment, retail, and food and beverage outlets in Cotai, Macau; and Altira Macau, an integrated resort, which offers gaming tables and gaming machines, hotel rooms, dining and casual restaurants, and recreation and leisure facilities in Taipa, Macau. In addition, the company owns and operates Mocha Clubs, which are clubs with gaming machines in Macau; City of Dreams Manila, an integrated resort in the Entertainment City complex in Manila; City of Dreams Mediterranean, an integrated resort in Limassol, Cyprus; and three satellite casinos in Nicosia, Ayia Napa, and Paphos in Cyprus. Further, it is involved in the operation of the Sri Lanka Casino and management of Nüwa Sri Lanka located in City of Dreams Sri Lanka, as well as development projects in other countries. 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 founded in 2003 and is based in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.
Long Name Melco Resorts & Entertainment Limited
Market us_market
Market Cap 1,591,321,344
Market State REGULAR
Max Age 86,400
Message Board Id finmb_30233904
Most Recent Quarter 1,782,777,600
Net Income To Common 234,814,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,794,751,977
Number Of Analyst Opinions 13
Open 4.22
Operating Margins 0.10205
Payout Ratio 0.0
Peg Ratio 0.32
Phone 852 2598 3600
Previous Close 4.24
Price Eps Current Year 9.73686
Price Hint 4
Price To Book -0.9728033
Price To Sales Trailing12 Months 0.30475205
Profit Margins 0.044970002
Quick Ratio 0.906
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.76923
Region US
Regular Market Change -0.05499983
Regular Market Change Percent -1.2971659
Regular Market Day High 4.285
Regular Market Day Low 4.135
Regular Market Day Range 4.135 - 4.285
Regular Market Open 4.22
Regular Market Previous Close 4.24
Regular Market Price 4.185
Regular Market Time 1,791,995,207
Regular Market Volume 613,474
Return On Assets 0.057600003
Revenue Growth -0.057
Revenue Per Share 13.396
Sand P52 Week Change 0.17004645
Sector Consumer Cyclical
Sector Disp Consumer Cyclical
Sector Key consumer-cyclical
Shares Outstanding 380,244,063
Shares Percent Shares Out 0.0163
Shares Short 6,207,242
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 4,570,661
Short Name Melco Resorts & Entertainment L
Short Percent Of Float 0.0448
Short Ratio 3.36
Source Interval 15
Symbol MLCO
Target High Price 9.4
Target Low Price 5.0
Target Mean Price 7.03846
Target Median Price 7.0
Total Cash 912,892,992
Total Cash Per Share 2.401
Total Debt 7,309,569,024
Total Revenue 5,221,691,904
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.59
Trailing P E 7.0932207
Trailing Peg Ratio 0.3525
Triggerable 1
Two Hundred Day Average 5.60145
Two Hundred Day Average Change -1.41645
Two Hundred Day Average Change Percent -0.25287202
Type Disp Equity
Volume 613,474
Website https://www.melco-resorts.com