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MLCOMelco Resorts & Entertainment Limited
$4.72$1.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
MLCO logo

Melco Resorts & Entertainment Limited

MLCO
NASDAQ · Casinos & Gaming
$4.72
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$1.83B
P/E10.5x
52W High$9.90
Volume1.28M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Negative Equity and Gaming Tax Pressure Undermine Recovery

Melco's post-pandemic recovery appears to have peaked, with revenue growth decelerating to a -5.6% year-over-year decline in Q2 2026 and gross margins compressing sharply to 24.4% from a peak of 38.8% due to the fixed, high-rate Macau gaming tax structure. The...

GrowthDecelerating
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

MLCO price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

-51% Peers

P/E is 51% below peer median

03

Market leadership

RS 22 · Lag

Laggard (Underperforming 78% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 13

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MLCO-37.15%
S&P 500 (^GSPC)+12.39%
1-Year Return
MLCO-50.68%
S&P 500 (^GSPC)+15.77%
3-Year Return
MLCO-50.42%
S&P 500 (^GSPC)+79.30%
5-Year Return
MLCO-54.70%
S&P 500 (^GSPC)+69.93%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
10.5x
Forward P/EExpansion
10.5x
EV/EBITDA0th %ile
6.9x
FCF YieldCash Flow
26.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
10.5x
57.9x
0th· Low
EV/EBITDA
6.9x
8.6x
0th· Low
Price/FCF
3.8x
7.7x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$18.66+295.3%
Base (Fair)$33.84+629.3%
Bull$66.45+1307.8%
$18.66 Bear$33.84 Base$66.45 Bull
Current Market Price: $4.72
Trades at a 86.1% discount to Base DCF ($33.84)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$5.16B+11.3% YoY
Net income
$185M+325.0% YoY
Free cash flow
$476M+46.3% YoY
Operating margin
11.6%+1.2 pts YoY
ROIC (TTM)8.6%
Avg ROIC 5Y-
ROE (TTM)-
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 13, 2026
$0.06+0.0%
vs $0.06
$1.3B-1.0%
vs $1.3B
Q2 2026
Apr 30, 2026
$0.21+61.5%
vs $0.13
$1.4B+3.6%
vs $1.3B
Q1 2026
Feb 12, 2026
$0.14+16.7%
vs $0.12
$1.3B+1.6%
vs $1.3B
Q4 2025
Nov 6, 2025
$0.21+90.9%
vs $0.11
$1.3B+3.0%
vs $1.3B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·2d ago
The More Life Company Reports Rapid Systemic Delivery of USP Testosterone in Exploratory Quicksome™ Study

TORONTO--(BUSINESS WIRE)--The More Life Company Corp. (the “Company” or “MLCO”), (CSE: MLCO) (OTC: TMLCF), is pleased to announce results from an exploratory eight-participant human pharmacokinetic study conducted with third-party medical personnel to evaluate United States Pharmacopeia (“USP”) grade testosterone formulated using the Company's patented Quicksome™ sublingual delivery technology. The study showed rapid systemic appearance of USP testosterone following Quicksome administration, wi.

Business Wire·Sep 15, 2026
The More Life Company Reports Positive Third-Party Agrarius Potato Trial Results in Brazil

TORONTO--(BUSINESS WIRE)--The More Life Company Corp. (the “Company” or “TMLC”) (CSE: MLCO) (OTCID: TMLCF) is pleased to report positive results from an independently conducted field trial evaluating the Company's licensed Agrarius™ agricultural plant signaling technology in potato crops in Brazil.The leading Agrarius application programs recorded numerical yield increases of up to 32.5% in special-grade potatoes and up to 27.6% in total potato yield compared with the control.The study was indep.

MarketBeat·Aug 13, 2026
Melco Resorts & Entertainment Q2 Earnings Call Highlights

Melco Resorts & Entertainment NASDAQ: MLCO reported group-wide adjusted property EBITDA of approximately $304 million for the second quarter of 2026, as lower-than-expected visitation and an unfavorable VIP win rate weighed on margins in Macau.

Zacks Investment Research·Aug 13, 2026
Melco (MLCO) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

The headline numbers for Melco (MLCO) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Filtered for Melco Resorts & Entertainment LimitedMore Headlines
04

Compare before deciding

Benchmark MLCO against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Melco Resorts & Entertainment Limited (MLCO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MLCO logoMLCOMelco Resorts & Entertainment LimitedCurrent
$4.72$1.83B10.4911.32%3.58%—0%
LVS logoLVSLas Vegas Sands Corp.
$39.19$25.38B16.6815.22%12.79%108.81%—
WYNN logoWYNNWynn Resorts, Limited
$81.45$8.45B25.940.14%6.05%——
MGM logoMGMMGM Resorts International
$37.85$9.52B49.801.72%2.4%12.69%—
CZR logoCZRCaesars Entertainment, Inc.
$29.61$6.03B-12.242.14%-3.81%-11.99%—
BYD logoBYDBoyd Gaming Corporation
$71.74$5.21B3.184.12%44.34%70.52%—

Compare MLCO vs Peers

Melco Resorts & Entertainment Limited (MLCO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LVS

Most directly comparable listed peer for MLCO.

Scale Benchmark

vs HLT

Larger-name benchmark to compare MLCO against a more recognizable public peer.

Peer Set

Compare Top 5

vs LVS, WYNN, MGM, CZR

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MLCO Frequently Asked Questions

Melco Resorts & Entertainment Limited (MLCO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Melco Resorts & Entertainment Limited's revenue?

Melco Resorts & Entertainment Limited (MLCO) reported $5.23B in revenue for fiscal year 2025. This represents a 86012% increase from $6.1M in 2004.

How fast is Melco Resorts & Entertainment Limited growing?

Melco Resorts & Entertainment Limited (MLCO) grew revenue by 11.3% over the past year. This is steady growth.

Is MLCO profitable?

Yes, Melco Resorts & Entertainment Limited (MLCO) is profitable, generating $235.1M in net income for fiscal year 2025 (3.6% net margin).

Dividend & Returns
Does MLCO pay dividends?

Melco Resorts & Entertainment Limited (MLCO) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

What is Melco Resorts & Entertainment Limited's free cash flow?

Melco Resorts & Entertainment Limited (MLCO) generated $476.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MLCO back in 2004?

Total return calculator · dividends reinvested · 22+ years of data

See returns →