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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, MGM Resorts International's Enterprise Value is $38,935 Mil. MGM Resorts International's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was $1,560 Mil. Therefore, MGM Resorts International's EV-to-EBIT ratio for today is 24.95.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, MGM Resorts International's Enterprise Value is $38,935 Mil. MGM Resorts International's EBITDA for the trailing twelve months (TTM) ended in Dec. 2024 was $2,391 Mil. Therefore, MGM Resorts International's EV-to-EBITDA ratio for today is 16.28.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, MGM Resorts International's Enterprise Value is $38,935 Mil. MGM Resorts International's Revenue for the trailing twelve months (TTM) ended in Dec. 2024 was $17,241 Mil. Therefore, MGM Resorts International's EV-to-Revenue ratio for today is 2.26.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, MGM Resorts International's Enterprise Value is $38,935 Mil. MGM Resorts International's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2024 was $1,212 Mil. Therefore, MGM Resorts International's EV-to-FCF ratio for today is 32.13.
The historical data trend for MGM Resorts International's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MGM Resorts International Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Enterprise Value | Get a 7-Day Free Trial |
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36,094.88 | 45,409.96 | 41,330.86 | 43,774.18 | 40,091.45 |
MGM Resorts International Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Enterprise Value | Get a 7-Day Free Trial |
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43,774.18 | 44,133.29 | 43,175.68 | 41,279.12 | 40,091.45 |
For the Resorts & Casinos subindustry, MGM Resorts International's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Travel & Leisure industry and Consumer Cyclical sector, MGM Resorts International's Enterprise Value distribution charts can be found below:
* The bar in red indicates where MGM Resorts International's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
MGM Resorts International's Enterprise Value for the fiscal year that ended in Dec. 2024 is calculated as
Enterprise Value (A: Dec. 2024 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 10200.0591 | + | 0 | + | 31438.237 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 172.212 | + | 696.475 | - | 2415.532 |
= | 40,091 |
MGM Resorts International's Enterprise Value for the quarter that ended in Dec. 2024 is calculated as
Enterprise Value (Q: Dec. 2024 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 10200.0591 | + | 0 | + | 31438.237 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 172.212 | + | 696.475 | - | 2415.532 |
= | 40,091 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MGM Resorts International (NYSE:MGM) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
MGM Resorts International's EV-to-EBIT for today is
EV-to-EBIT | = | Enterprise Value (Today) | / | EBIT (TTM) |
= | 38934.780 | / | 1560.295 | |
= | 24.95 |
MGM Resorts International's current Enterprise Value is $38,935 Mil.
MGM Resorts International's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,560 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
MGM Resorts International's EV-to-EBITDA for today is:
EV-to-EBITDA | = | Enterprise Value (Today) | / | EBITDA(TTM) |
= | 38934.780 | / | 2391.392 | |
= | 16.28 |
MGM Resorts International's current Enterprise Value is $38,935 Mil.
MGM Resorts International's EBITDA for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,391 Mil.
3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.
MGM Resorts International's EV-to-Revenue for today is:
EV-to-Revenue | = | Enterprise Value (Today) | / | Revenue (TTM) |
= | 38934.780 | / | 17240.545 | |
= | 2.26 |
MGM Resorts International's current Enterprise Value is $38,935 Mil.
MGM Resorts International's Revenue for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $17,241 Mil.
4. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.
MGM Resorts International's EV-to-FCF for today is:
EV-to-FCF | = | Enterprise Value (Today) | / | Free Cash Flow (TTM) |
= | 38934.780 | / | 1211.906 | |
= | 32.13 |
MGM Resorts International's current Enterprise Value is $38,935 Mil.
MGM Resorts International's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,212 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of MGM Resorts International's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Jonathan S Halkyard | officer: CHIEF FINANCIAL OFFICER | DAVE & BUSTER'S ENTERTAINMENT, INC., 2481 MANANA DRIVE, DALLAS TX 75220 |
Todd Meinert | officer: SVP Financial Reporting | 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109 |
Keith A. Meister | director | C/O ICAHN CAPITAL LP, 767 FIFTH AVENUE, SUITE 4700, NEW YORK NY 10153 |
Paul J Salem | director | 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903 |
William Hornbuckle | officer: Chief Marketing Officer | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
Daniel J Taylor | director | 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109 |
Mary Christine Gay | director | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
Alexis Herman | director | 3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119 |
John Mcmanus | officer: SVP ASST GEN COUNSEL ASST SCY | 3600 LAS VEGAS BLVD, S., EXECUTIVE OFFICES, LAS VEGAS NV 89119 |
Sanders Corey Ian | officer: COO Core Brands | 3950 LAS VEGAS BLVD., S., LAS VEGAS NV 89119 |
Ben Winston | director | 3600 LAS VEGAS BLVD. SOUTH, LAS VEGAS NV 89109 |
Rose Mckinney-james | director | 3950 LAS VEGAS BLVD. S., LAS VEGAS NV 89119 |
Gary M Fritz | officer: President, Interactive | C/O EXPEDIA INC., 333 108TH AVENUE NE, BELLEVUE WA 98004 |
Janet Swartz | director | 3600 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109 |
Ac/interactivecorp | 10 percent owner | 555 WEST 18TH STREET, NEW YORK NY 10011 |
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