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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.36
MPEL's Cash to Debt is ranked lower than
63% of the 791 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 0.76 vs. MPEL: 0.36 )
Ranked among companies with meaningful Cash to Debt only.
MPEL' s 10-Year Cash to Debt Range
Min: 0.12  Med: 0.62 Max: 35743.43
Current: 0.36
0.12
35743.43
Equity to Asset 0.41
MPEL's Equity to Asset is ranked lower than
66% of the 725 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 0.52 vs. MPEL: 0.41 )
Ranked among companies with meaningful Equity to Asset only.
MPEL' s 10-Year Equity to Asset Range
Min: 0.32  Med: 0.49 Max: 0.86
Current: 0.41
0.32
0.86
Interest Coverage 5.52
MPEL's Interest Coverage is ranked lower than
67% of the 475 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 20.86 vs. MPEL: 5.52 )
Ranked among companies with meaningful Interest Coverage only.
MPEL' s 10-Year Interest Coverage Range
Min: 0.99  Med: 5.07 Max: 9999.99
Current: 5.52
0.99
9999.99
F-Score: 3
Z-Score: 1.84
M-Score: -2.43
WACC vs ROIC
2.47%
5.08%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 7.95
MPEL's Operating margin (%) is ranked higher than
52% of the 780 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 7.22 vs. MPEL: 7.95 )
Ranked among companies with meaningful Operating margin (%) only.
MPEL' s 10-Year Operating margin (%) Range
Min: -159.7  Med: 1.79 Max: 24.55
Current: 7.95
-159.7
24.55
Net-margin (%) 7.35
MPEL's Net-margin (%) is ranked higher than
60% of the 782 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 5.01 vs. MPEL: 7.35 )
Ranked among companies with meaningful Net-margin (%) only.
MPEL' s 10-Year Net-margin (%) Range
Min: -203.54  Med: -0.29 Max: 22.42
Current: 7.35
-203.54
22.42
ROE (%) 7.11
MPEL's ROE (%) is ranked higher than
56% of the 758 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 5.78 vs. MPEL: 7.11 )
Ranked among companies with meaningful ROE (%) only.
MPEL' s 10-Year ROE (%) Range
Min: -12.55  Med: -0.42 Max: 16.7
Current: 7.11
-12.55
16.7
ROA (%) 3.03
MPEL's ROA (%) is ranked higher than
51% of the 797 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 2.88 vs. MPEL: 3.03 )
Ranked among companies with meaningful ROA (%) only.
MPEL' s 10-Year ROA (%) Range
Min: -6.56  Med: -0.22 Max: 7.61
Current: 3.03
-6.56
7.61
ROC (Joel Greenblatt) (%) 5.93
MPEL's ROC (Joel Greenblatt) (%) is ranked lower than
61% of the 790 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 9.69 vs. MPEL: 5.93 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
MPEL' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -39.82  Med: -0.25 Max: 23.06
Current: 5.93
-39.82
23.06
Revenue Growth (3Y)(%) 6.80
MPEL's Revenue Growth (3Y)(%) is ranked higher than
64% of the 597 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 3.30 vs. MPEL: 6.80 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MPEL' s 10-Year Revenue Growth (3Y)(%) Range
Min: 0  Med: 39.30 Max: 323.6
Current: 6.8
0
323.6
EBITDA Growth (3Y)(%) 9.70
MPEL's EBITDA Growth (3Y)(%) is ranked higher than
62% of the 482 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 3.90 vs. MPEL: 9.70 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MPEL' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: 9.70 Max: 93.1
Current: 9.7
0
93.1
EPS Growth (3Y)(%) 27.00
MPEL's EPS Growth (3Y)(%) is ranked higher than
74% of the 430 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 8.50 vs. MPEL: 27.00 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
MPEL' s 10-Year EPS Growth (3Y)(%) Range
Min: 0  Med: -10.55 Max: 431.9
Current: 27
0
431.9
» MPEL's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2014

MPEL Guru Trades in Q3 2014

David Herro 7,482,000 sh (New)
Leon Cooperman 2,631,362 sh (New)
Louis Moore Bacon 750,000 sh (New)
Jim Simons 1,552,100 sh (New)
George Soros 1,445,000 sh (+11.58%)
Andreas Halvorsen Sold Out
Steven Cohen Sold Out
Columbia Wanger 3,561,025 sh (-14.33%)
» More
Q4 2014

MPEL Guru Trades in Q4 2014

Paul Singer 2,729,872 sh (New)
Mason Hawkins 68,900 sh (New)
David Herro 15,860,000 sh (+111.98%)
George Soros 1,445,000 sh (unchged)
Louis Moore Bacon Sold Out
Leon Cooperman 1,628,693 sh (-38.10%)
Columbia Wanger 2,175,000 sh (-38.92%)
Jim Simons 433,100 sh (-72.10%)
» More
Q1 2015

MPEL Guru Trades in Q1 2015

Leon Cooperman 2,662,193 sh (+63.46%)
David Herro 19,362,000 sh (+22.08%)
Columbia Wanger 2,185,257 sh (+0.47%)
Jim Simons Sold Out
Mason Hawkins Sold Out
Paul Singer 2,161,077 sh (-20.84%)
Paul Singer 2,161,077 sh (-20.84%)
George Soros 635,000 sh (-56.06%)
» More
Q2 2015

MPEL Guru Trades in Q2 2015

David Herro 23,446,000 sh (+21.09%)
Leon Cooperman 2,662,193 sh (unchged)
Paul Singer Sold Out
Columbia Wanger 1,349,056 sh (-38.27%)
George Soros 19,200 sh (-96.98%)
» More
» Details

Insider Trades

Latest Guru Trades with MPEL

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Guru Investment Theses on Melco Crown Entertainment Ltd

David Herro Comments on Melco Crown Entertainment - Apr 09, 2015

An additional detractor for the quarter was Melco Crown Entertainment (MPEL) (Hong Kong), which is a developer and owner of casino gaming and entertainment resort facilities in Asia. Casino revenues in Macau were weak due to China’s anti-corruption campaign, difficult year-over-year comparisons and a weaker macro environment. Although we continue to monitor the market, we remain optimistic about Macau’s long-term prospects, given low penetration of Chinese visitors, continued wealth creation of Chinese citizens and large infrastructure projects, which should help facilitate the growth of Macau.

From David Herro (Trades, Portfolio)'s Oakmark International Fund 1Q 2015 Letter.

Check out David Herro latest stock trades

Top Ranked Articles about Melco Crown Entertainment Ltd

David Herro Comments on Melco Crown Entertainment
An additional detractor for the quarter was Melco Crown Entertainment (MPEL) (Hong Kong), which is a developer and owner of casino gaming and entertainment resort facilities in Asia. Casino revenues in Macau were weak due to China’s anti-corruption campaign, difficult year-over-year comparisons and a weaker macro environment. Although we continue to monitor the market, we remain optimistic about Macau’s long-term prospects, given low penetration of Chinese visitors, continued wealth creation of Chinese citizens and large infrastructure projects, which should help facilitate the growth of Macau. Read more...
Herro Adds One Stake to Portfolio in Fourth Quarter
Guru David Herro (Trades, Portfolio), manager of the Oakmark International Fund since 1992, the Oakmark International Small Cap Fund since 1995 and the Oakmark Global Select Fund since 2006, added one new stock to his portfolio in the fourth quarter – Continental AG (CON.Germany), a German manufacturing company emphasizing tires, brake systems, safety, powertrain and chassis components, tachographs and other parts for the automotive and transportation industries. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 33.47
MPEL's P/E(ttm) is ranked lower than
72% of the 537 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 21.20 vs. MPEL: 33.47 )
Ranked among companies with meaningful P/E(ttm) only.
MPEL' s 10-Year P/E(ttm) Range
Min: 12.37  Med: 23.62 Max: 40.44
Current: 33.47
12.37
40.44
Forward P/E 17.09
MPEL's Forward P/E is ranked higher than
96% of the 252 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 16.95 vs. MPEL: 17.09 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 33.40
MPEL's PE(NRI) is ranked lower than
70% of the 534 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 21.40 vs. MPEL: 33.40 )
Ranked among companies with meaningful PE(NRI) only.
MPEL' s 10-Year PE(NRI) Range
Min: 12.37  Med: 23.60 Max: 40.76
Current: 33.4
12.37
40.76
P/B 2.16
MPEL's P/B is ranked lower than
61% of the 720 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.70 vs. MPEL: 2.16 )
Ranked among companies with meaningful P/B only.
MPEL' s 10-Year P/B Range
Min: 1.65  Med: 3.20 Max: 6.08
Current: 2.16
1.65
6.08
P/S 2.36
MPEL's P/S is ranked lower than
62% of the 780 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.70 vs. MPEL: 2.36 )
Ranked among companies with meaningful P/S only.
MPEL' s 10-Year P/S Range
Min: 1.24  Med: 2.80 Max: 5.07
Current: 2.36
1.24
5.07
EV-to-EBIT 41.58
MPEL's EV-to-EBIT is ranked lower than
82% of the 588 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 17.13 vs. MPEL: 41.58 )
Ranked among companies with meaningful EV-to-EBIT only.
MPEL' s 10-Year EV-to-EBIT Range
Min: 12.3  Med: 22.90 Max: 43.7
Current: 41.58
12.3
43.7
Shiller P/E 33.51
MPEL's Shiller P/E is ranked lower than
65% of the 342 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 24.97 vs. MPEL: 33.51 )
Ranked among companies with meaningful Shiller P/E only.
MPEL' s 10-Year Shiller P/E Range
Min: 32.11  Med: 126.42 Max: 1087
Current: 33.51
32.11
1087
Current Ratio 2.73
MPEL's Current Ratio is ranked higher than
79% of the 738 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.35 vs. MPEL: 2.73 )
Ranked among companies with meaningful Current Ratio only.
MPEL' s 10-Year Current Ratio Range
Min: 0.16  Med: 2.19 Max: 3.53
Current: 2.73
0.16
3.53
Quick Ratio 2.71
MPEL's Quick Ratio is ranked higher than
83% of the 738 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.13 vs. MPEL: 2.71 )
Ranked among companies with meaningful Quick Ratio only.
MPEL' s 10-Year Quick Ratio Range
Min: 0.16  Med: 2.16 Max: 3.53
Current: 2.71
0.16
3.53
Days Inventory 2.59
MPEL's Days Inventory is ranked higher than
88% of the 626 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 28.43 vs. MPEL: 2.59 )
Ranked among companies with meaningful Days Inventory only.
MPEL' s 10-Year Days Inventory Range
Min: 0.57  Med: 1.78 Max: 31.25
Current: 2.59
0.57
31.25
Days Sales Outstanding 23.93
MPEL's Days Sales Outstanding is ranked higher than
52% of the 632 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 25.01 vs. MPEL: 23.93 )
Ranked among companies with meaningful Days Sales Outstanding only.
MPEL' s 10-Year Days Sales Outstanding Range
Min: 0.78  Med: 20.66 Max: 82.07
Current: 23.93
0.78
82.07

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.94
MPEL's Dividend Yield is ranked lower than
72% of the 780 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 2.20 vs. MPEL: 0.94 )
Ranked among companies with meaningful Dividend Yield only.
MPEL' s 10-Year Dividend Yield Range
Min: 0.28  Med: 0.63 Max: 1.11
Current: 0.94
0.28
1.11
Dividend Payout 0.41
MPEL's Dividend Payout is ranked higher than
73% of the 439 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 0.44 vs. MPEL: 0.41 )
Ranked among companies with meaningful Dividend Payout only.
MPEL' s 10-Year Dividend Payout Range
Min: 0.33  Med: 0.43 Max: 0.46
Current: 0.41
0.33
0.46
Yield on cost (5-Year) 0.96
MPEL's Yield on cost (5-Year) is ranked lower than
71% of the 785 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 2.46 vs. MPEL: 0.96 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
MPEL' s 10-Year Yield on cost (5-Year) Range
Min: 0.28  Med: 0.63 Max: 1.11
Current: 0.96
0.28
1.11
Share Buyback Rate -0.90
MPEL's Share Buyback Rate is ranked higher than
55% of the 444 Companies
in the Global Resorts & Casinos industry.

( Industry Median: -1.20 vs. MPEL: -0.90 )
Ranked among companies with meaningful Share Buyback Rate only.
MPEL' s 10-Year Share Buyback Rate Range
Min: 0  Med: -4.20 Max: -36.2
Current: -0.9

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.20
MPEL's Price/Tangible Book is ranked lower than
66% of the 634 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.82 vs. MPEL: 3.20 )
Ranked among companies with meaningful Price/Tangible Book only.
MPEL' s 10-Year Price/Tangible Book Range
Min: 3.01  Med: 4.80 Max: 8
Current: 3.2
3.01
8
Price/Projected FCF 2.73
MPEL's Price/Projected FCF is ranked lower than
74% of the 362 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.48 vs. MPEL: 2.73 )
Ranked among companies with meaningful Price/Projected FCF only.
MPEL' s 10-Year Price/Projected FCF Range
Min: 2.17  Med: 3.97 Max: 6.41
Current: 2.73
2.17
6.41
Price/Median PS Value 0.86
MPEL's Price/Median PS Value is ranked higher than
70% of the 690 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.03 vs. MPEL: 0.86 )
Ranked among companies with meaningful Price/Median PS Value only.
MPEL' s 10-Year Price/Median PS Value Range
Min: 0.47  Med: 0.99 Max: 1.53
Current: 0.86
0.47
1.53
Price/Peter Lynch Fair Value 0.89
MPEL's Price/Peter Lynch Fair Value is ranked lower than
58% of the 168 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.40 vs. MPEL: 0.89 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
MPEL' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.57  Med: 0.71 Max: 1.64
Current: 0.89
0.57
1.64
Price/Graham Number 2.03
MPEL's Price/Graham Number is ranked lower than
77% of the 421 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 1.36 vs. MPEL: 2.03 )
Ranked among companies with meaningful Price/Graham Number only.
MPEL' s 10-Year Price/Graham Number Range
Min: 1.42  Med: 2.49 Max: 3.66
Current: 2.03
1.42
3.66
Earnings Yield (Greenblatt) (%) 2.39
MPEL's Earnings Yield (Greenblatt) (%) is ranked lower than
63% of the 767 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 4.30 vs. MPEL: 2.39 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MPEL' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 2.3  Med: 4.40 Max: 8.1
Current: 2.39
2.3
8.1
Forward Rate of Return (Yacktman) (%) 20.41
MPEL's Forward Rate of Return (Yacktman) (%) is ranked higher than
75% of the 385 Companies
in the Global Resorts & Casinos industry.

( Industry Median: 8.85 vs. MPEL: 20.41 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
MPEL' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -75.3  Med: -9.10 Max: 62.1
Current: 20.41
-75.3
62.1

Analyst Estimate

Dec15 Dec16 Dec17
Revenue(Mil) 4,335 6,023 6,217
EPS($) 0.55 1.02 1.47
EPS without NRI($) 0.55 1.02 1.47

Business Description

Industry: Travel & Leisure » Resorts & Casinos
Compare:LVS, SCHYY, GXYEY, WYNMF, SJMHF » details
Traded in other countries:06883.Hongkong, MAS.Germany,
Melco Crown Entertainment Ltd was incorporated under the name of Melco PBL Entertainment (Macau) Limited on December 17, 2004. It completed its initial public offering in December 2006. The Company is a through its subsidiary Melco Crown Macau, develops, owns and operates casino gaming and entertainment resort facilities. Its subsidiary Melco Crown Macau is one of six companies licensed, through concessions or subconcessions, to operate casinos in Macau. It has two casinos based operations, namely, City of Dreams and Altira Macau, and non-casino based operations at its Mocha Clubs. Its operations cater to a spectrum of gaming patrons, from high-stakes rolling chip gaming patrons to gaming patrons seeking a broader entertainment experience. It owns and operates two 'Forbes Five Star' hotels in Macau: Altira Macau and the Crown Towers hotel. The Company's competitors in Macau and elsewhere in Asia include all the current concession and subconcession holders and many of the gaming, hospitality, leisure and property development companies in the world. The Company is subject to the Foreign Corrupt Practices Act.
» More Articles for MPEL

Headlines

Articles On GuruFocus.com
A 4% Yielder Down 50% Apr 22 2015 
Mason Hawkins' First-Quarter 2015 Commentary Apr 16 2015 
David Herro Comments on Melco Crown Entertainment Apr 09 2015 
David Herro's Oakmark International Fund 1Q 2015 Letter Apr 08 2015 
Herro Adds One Stake to Portfolio in Fourth Quarter Mar 02 2015 
David Herro' Biggest International Stock Buys and Ads of Q4 Feb 26 2015 
David Herro's 4 International Stock Picks of Q3 Nov 25 2014 
Placing All Bets: And the Winner Is Melco Crown Feb 20 2014 
6 Mid-Cap Hot Picks in the Last Three Months Nov 27 2012 
Stocks That Are Cheaper Than Howard Marks Bought Jan 12 2012 

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