Professional
Added to YB: 2026-04-21
Pitch date: 2026-04-17
MGM [neutral]
MGM Resorts International
+2.6%
current return
Author Info
Symmetry Invest is a portfolio that focuses on Small- and Mid-cap stocks primarily in Europe and the USA. The long-term objective is to deliver the highest possible growth in net asset value per share at the lowest possible risk. Visit their website.
Company Info
MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.
Market Cap
$9.9B
Pitch Price
$38.40
Price Target
90.00 (+128%)
Dividend
N/A
EV/EBITDA
8.48
P/E
50.78
EV/Sales
2.28
Sector
Hotels, Restaurants and Leisure
Category
value
Symmetry Invest A/S Portfolio Holding: $MGM
MGM (holding update): Trades 5-5.5x FCF ($1.6-1.8B annually), far below peers. SOTP suggests $90/share fair value vs $35-40 current. 7 value drivers: Vegas (resilient despite near-term plateau), Regional, China, China Royalty, BetMGM (20x multiple vs peers), Digital, Osaka (2030 opening, $800M+ annual CF, high IRR on $2.5-3B investment). Mgmt repurchased 48% shares over 5yrs; IAC owns 25%+. Market myopically focused on Vegas short-term trends, ignoring value creation elsewhere & aggressive buybacks at depressed prices.
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