Studio City International Holdings Limited (MSC) Financial Ratios
11 years of historical data (2015–2025) · Consumer Cyclical · Gambling, Resorts & Casinos
EV/EBITDA
↓
7.32
↓-36% vs avg
5yr avg: 11.45
30Y Low6.7·High17.3
P/FCF
N/A
—
5yr avg: 2.64
30Y Low2.6·High8.0
P/B Ratio
↑
0.23
↓-30% vs avg
5yr avg: 0.32
30Y Low0.1·High1.0
ROE
↑
-9.6%
↓+51% vs avg
5yr avg: -19.8%
30Y Low-36%·High3%
Debt/EBITDA
↓
7.25
↓-34% vs avg
5yr avg: 10.98
30Y Low4.1·High17.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MSC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Studio City International Holdings Limited currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $130M | $171M | $272M | $312M | $292M | $123M | $275M | $1.2B | $801M | — | — |
| Enterprise Value | $2.1B | $2.1B | $2.3B | $2.4B | $2.2B | $1.7B | $1.3B | $2.3B | $2.1B | — | — |
| P/E Ratio → | -2.18 | — | — | — | — | — | — | 35.27 | — | — | — |
| P/S Ratio | 0.19 | 0.25 | 0.43 | 0.70 | 25.26 | 1.15 | 5.58 | 1.91 | 1.40 | — | — |
| P/B Ratio | 0.23 | 0.30 | 0.42 | 0.43 | 0.33 | 0.13 | 0.22 | 1.03 | 0.59 | — | — |
| P/FCF | — | — | 2.64 | — | — | — | — | 7.96 | — | — | — |
| P/OCF | — | — | 1.43 | — | — | — | — | 5.23 | 5.74 | — | — |
P/E links to full P/E history page with 30-year chart
MSC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Studio City International Holdings Limited's enterprise value stands at 7.3x EBITDA, 36% below its 5-year average of 11.4x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 36% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.04 | 3.63 | 5.46 | 193.22 | 16.16 | 26.47 | 3.74 | 3.61 | — | — |
| EV / EBITDA | 7.32 | 7.47 | 9.55 | 17.33 | — | — | — | 6.70 | 6.75 | — | — |
| EV / EBIT | 29.33 | 29.91 | 66.11 | — | — | — | — | 13.30 | 14.71 | — | — |
| EV / FCF | — | — | 22.51 | — | — | — | — | 15.64 | — | — | — |
MSC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Studio City International Holdings Limited earns an operating margin of 10.2%, above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from -6.5% to 10.2% over the past 3 years, signaling improving operational efficiency. A negative ROE of -9.6% indicates the company is currently destroying shareholder equity. ROIC of 2.0% represents below-average returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.8% | 36.8% | 65.0% | 61.3% | -582.0% | 23.0% | -61.8% | 76.8% | 77.5% | 75.9% | 60.8% |
| Operating Margin | 10.2% | 10.2% | 6.0% | -6.5% | -2400.6% | -179.3% | -568.9% | 28.4% | 24.1% | 14.9% | -12.9% |
| Net Profit Margin | -8.5% | -8.5% | -15.1% | -30.0% | -2826.9% | -236.3% | -653.6% | 5.4% | -3.8% | -14.2% | -57.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -9.6% | -9.6% | -14.1% | -16.6% | -35.9% | -22.8% | -26.5% | 2.7% | -2.1% | -9.8% | -25.9% |
| ROA | -2.0% | -2.0% | -3.1% | -3.9% | -9.4% | -7.9% | -11.2% | 1.2% | -0.8% | -2.6% | -7.6% |
| ROIC | 2.0% | 2.0% | 1.0% | -0.8% | -7.8% | -5.9% | -9.1% | 5.4% | 4.1% | 2.5% | -1.5% |
| ROCE | 2.6% | 2.6% | 1.3% | -0.9% | -8.6% | -6.4% | -10.2% | 7.2% | 5.4% | 2.9% | -1.9% |
MSC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Studio City International Holdings Limited carries a Debt/EBITDA ratio of 7.3x, which is highly leveraged (65% above the sector average of 4.4x). Net debt stands at $1.9B ($2.0B total debt minus $109M cash). Interest coverage of just 0.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.57 | 3.57 | 3.37 | 3.22 | 2.80 | 2.23 | 1.26 | 1.25 | 1.19 | 2.70 | 2.44 |
| Debt / EBITDA | 7.25 | 7.25 | 8.95 | 16.73 | — | — | — | 4.14 | 5.26 | 7.79 | 17.01 |
| Net Debt / Equity | — | 3.38 | 3.17 | 2.91 | 2.21 | 1.70 | 0.81 | 0.99 | 0.94 | 2.23 | 2.03 |
| Net Debt / EBITDA | 6.86 | 6.86 | 8.43 | 15.11 | — | — | — | 3.29 | 4.13 | 6.43 | 14.14 |
| Debt / FCF | — | — | 19.87 | — | — | — | — | 7.67 | — | 67.34 | — |
| Interest Coverage | 0.55 | 0.55 | 0.26 | -0.13 | -2.91 | -2.32 | -2.88 | 1.33 | 0.87 | 0.52 | -0.52 |
MSC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.73x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 2.02x to 0.73x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.73 | 0.73 | 0.92 | 2.02 | 2.24 | 2.21 | 3.75 | 4.14 | 1.05 | 2.59 | 2.05 |
| Quick Ratio | 0.68 | 0.68 | 0.88 | 1.98 | 2.22 | 2.19 | 3.69 | 4.04 | 1.02 | 2.53 | 2.00 |
| Cash Ratio | 0.61 | 0.61 | 0.71 | 1.45 | 2.06 | 1.96 | 3.55 | 2.99 | 0.79 | 2.01 | 1.74 |
| Asset Turnover | — | 0.25 | 0.21 | 0.14 | 0.00 | 0.03 | 0.02 | 0.23 | 0.20 | 0.18 | 0.14 |
| Inventory Turnover | 50.26 | 50.26 | 30.64 | 29.94 | 15.38 | 14.11 | 8.56 | 14.88 | 12.95 | 12.84 | 17.56 |
| Days Sales Outstanding | — | 1.38 | 1.30 | 35.43 | 15.30 | 54.46 | 80.32 | 36.92 | 28.15 | 27.16 | 3.78 |
MSC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Studio City International Holdings Limited does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 2.8% | — | — | — |
| FCF Yield | — | — | 37.9% | — | — | — | — | 12.6% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | — | — |
| Shares Outstanding | — | $48M | $48M | $48M | $49M | $23M | $23M | $60M | $48M | $74M | $74M |
Peer Comparison
Compare MSC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MSCYou | $130M | -2.2 | 7.3 | — | 36.8% | 10.2% | -9.6% | 2.0% | 7.3 |
 MLCO | $2B | 12.4 | 7.3 | 4.8 | 36.7% | 11.6% | — | 8.6% | 6.2 |
 LVS | $36B | 22.9 | 10.4 | 21.6 | 28.2% | 23.7% | 63.9% | 16.9% | 3.5 |
 WYNN | $11B | 34.0 | 12.4 | 16.1 | 32.7% | 16.2% | — | 9.3% | 6.9 |
 MGM | $10B | 50.1 | 31.6 | 5.8 | 44.4% | 5.7% | 5.9% | 1.7% | 27.8 |
 CZR | $6B | -11.5 | 8.9 | 10.9 | 37.7% | 18.1% | -12.5% | 5.4% | 7.5 |
 BYD | $6B | 3.8 | 7.9 | 16.5 | 42.1% | 21.4% | 88.0% | 12.3% | 2.8 |
 PENN | $2B | -2.9 | 13.8 | — | 27.4% | 3.9% | -36.0% | 1.8% | 11.7 |
 RRR | $3B | 17.2 | 3.9 | 11.0 | 52.6% | 29.7% | 58.9% | 23.4% | 0.1 |
 GDEN | $754M | -124.1 | 10.2 | 21.2 | 39.5% | 5.5% | -1.4% | 2.8% | 4.7 |
 LNW | $8B | 26.6 | 11.5 | 24.1 | 70.8% | 21.0% | 48.0% | 11.6% | 3.8 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonMSC — Frequently Asked Questions
Quick answers to the most common questions about buying MSC stock.
What is Studio City International Holdings Limited's P/E ratio?
Studio City International Holdings Limited's current P/E ratio is -2.2x. The historical average is 35.3x.
What is Studio City International Holdings Limited's EV/EBITDA?
Studio City International Holdings Limited's current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.6x.
What is Studio City International Holdings Limited's ROE?
Studio City International Holdings Limited's return on equity (ROE) is -9.6%. The historical average is -16.6%.
Is MSC stock overvalued?
Based on historical data, Studio City International Holdings Limited is trading at a P/E of -2.2x. Compare with industry peers and growth rates for a complete picture.
What are Studio City International Holdings Limited's profit margins?
Studio City International Holdings Limited has 36.8% gross margin and 10.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Studio City International Holdings Limited have?
Studio City International Holdings Limited's Debt/EBITDA ratio is 7.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.