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Studio City International Holdings Limited provides provision of services pursuant to a casino contract and the hospitality business in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as live performance arena and various food and beverage establishments, and retail space. The company was formerly known as Cyber One Agents Limited and changed its name to Studio City International Holdings Limited in January 2012. The company was founded in 2000 and is based in Central, Hong Kong. Studio City International Holdings Limited is a subsidiary of MCO Cotai Investments Limited.
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| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -360.93M | -302.46M | -407.54M | 44.03M | -20.20M |
| Minority interest | 34.86M | 49.45M | 207.74M | 267.29M | 252.93M |
| Net income | -361.31M | -302.00M | -406.53M | 33.56M | -20.75M |
| Selling general administrative | 79.78M | 88.56M | 88.98M | 140.02M | 141.65M |
| Gross profit | -61.41M | 24.62M | -31.43M | 489.96M | 447.40M |
| Reconciled depreciation | 126.96M | 127.63M | 160.33M | 171.94M | 167.89M |
| Ebit | -277.22M | -191.57M | -280.97M | 178.00M | 140.82M |
| Ebitda | -144.00M | -61.30M | -119.57M | 355.81M | 308.71M |
| Depreciation and amortization | 133.22M | 130.28M | 161.40M | 177.82M | 167.89M |
| Operating income | -277.22M | -191.57M | -280.97M | 178.00M | 137.86M |
| Other operating expenses | 288.76M | 298.44M | 330.14M | 448.74M | 433.35M |
| Interest expense | 92.36M | 90.97M | 105.25M | 132.29M | 160.51M |
| Tax provision | 0.38M | -0.46M | -1.01M | 0.40M | 0.54M |
| Interest income | 83.54M | 81.65M | 106.96M | 130.41M | 154.96M |
| Net interest income | -86.35M | -88.33M | -103.94M | -127.42M | -157.35M |
| Income tax expense | 0.38M | -0.46M | -1.01M | 0.40M | 0.54M |
| Total revenue | 11.55M | 106.87M | 49.17M | 626.73M | 571.21M |
| Total operating expenses | 215.80M | 216.19M | 249.54M | 311.96M | 309.54M |
| Cost of revenue | 72.96M | 82.25M | 80.60M | 136.78M | 123.81M |
| Total other income expense net | -83.71M | -110.89M | -126.57M | -133.97M | -0.71M |
| Net income from continuing ops | -361.31M | -302.00M | -405.09M | 43.63M | -20.75M |
| Net income applicable to common shares | -326.45M | -252.56M | -321.63M | 33.56M | -21.60M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 2985.44M | 3236.70M | 3593.52M | 3318.97M | 3067.32M |
| Intangible assets | 102.63M | 105.31M | 110.02M | 114.89M | 120.11M |
| Other current assets | 29.45M | 39.00M | 38.72M | 42.63M | 11.47M |
| Total liab | 2338.93M | 2507.72M | 2717.38M | 2374.78M | 1778.93M |
| Total stockholder equity | 646.52M | 728.98M | 876.14M | 944.18M | 1303.15M |
| Deferred long term liab | - | - | - | 0.39M | 0.44M |
| Other current liab | 148.25M | 148.79M | 244.00M | 251.36M | 161.30M |
| Common stock | 0.08M | 0.08M | 0.08M | 0.04M | 0.04M |
| Capital stock | 0.08M | 0.08M | 0.08M | 0.04M | 0.04M |
| Retained earnings | -1895.41M | -1798.68M | -1665.17M | -1338.71M | -1094.72M |
| Other liab | - | - | 22.01M | 17.77M | 12.23M |
| Other assets | - | -1.73M | 48.45M | 69.75M | 117.69M |
| Cash | 127.63M | 228.04M | 509.52M | 499.29M | 573.24M |
| Cash and equivalents | - | - | 509.52M | 499.29M | 575.22M |
| Total current liabilities | 180.76M | 156.78M | 247.39M | 254.73M | 164.91M |
| Current deferred revenue | - | 4.43M | 1.79M | 2.26M | 2.40M |
| Net debt | 2049.49M | 2120.47M | 1938.45M | 1602.99M | 1029.55M |
| Short term debt | 21.60M | 1.09M | 1.09M | 0.90M | 0.99M |
| Short long term debt | 21.60M | - | - | - | 0.13M |
| Short long term debt total | 2177.13M | 2348.51M | 2447.97M | 2102.28M | 1602.79M |
| Other stockholder equity | 2533.14M | 2540.24M | 2552.90M | 2288.99M | 2382.06M |
| Property plant equipment | - | - | 2989.84M | 2570.63M | 2198.28M |
| Total current assets | 166.37M | 316.05M | 553.85M | 563.69M | 629.19M |
| Net tangible assets | - | - | 690.59M | 674.53M | 939.87M |
| Net receivables | 2.29M | 43.25M | 0.48M | 15.94M | 35.16M |
| Long term debt | 2141.75M | 2335.17M | 2434.48M | 2087.49M | 1584.53M |
| Inventory | 7.31M | 5.76M | 5.12M | 5.83M | 9.30M |
| Accounts payable | 3.29M | 2.45M | 0.50M | 0.21M | 0.21M |
| Accumulated other comprehensive income | 8.70M | -12.66M | -11.67M | -6.14M | 15.80M |
| Common stock total equity | - | - | - | - | 0.04M |
| Non currrent assets other | 52.63M | 26.86M | 48.45M | 69.75M | 86.76M |
| Non current assets total | 2819.08M | 2920.65M | 3039.67M | 2755.27M | 2438.12M |
| Capital lease obligations | 13.78M | 13.34M | 14.59M | 14.80M | 17.14M |
| Long term debt total | - | - | 2434.48M | 2087.49M | 1584.53M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -453.39M | -407.24M | -9.62M | -90.92M | -147.51M |
| Change to liabilities | 0.00M | -6.02M | 22.13M | 9.52M | -4.81M |
| Total cashflows from investing activities | -453.39M | -407.24M | -209.79M | -90.92M | -147.51M |
| Net borrowings | - | 505.25M | 150.00M | -175.00M | -400.00M |
| Total cash from financing activities | 643.11M | 471.51M | 623.89M | -189.98M | 5.15M |
| Change to operating activities | - | 13.54M | 48.09M | -19.78M | -5.37M |
| Net income | -361.31M | -302.00M | -406.53M | 43.63M | -20.75M |
| Change in cash | 10.23M | -75.94M | 248.27M | -50.33M | -5.36M |
| Begin period cash flow | 499.42M | 575.36M | 325.12M | 377.56M | 382.93M |
| End period cash flow | 509.65M | 499.42M | 573.39M | 327.23M | 377.56M |
| Total cash from operating activities | -178.78M | -136.84M | -181.63M | 228.50M | 139.52M |
| Issuance of capital stock | - | - | 499.22M | - | 405.15M |
| Depreciation | 126.96M | 127.63M | 160.56M | 171.94M | 167.89M |
| Other cashflows from investing activities | -1.27M | -2.75M | -6.98M | -12.33M | 5.73M |
| Change to inventory | 4.07M | -1.79M | 2.13M | 3.62M | -9.39M |
| Change to account receivables | -0.02M | -0.09M | 1.25M | 0.32M | 0.24M |
| Sale purchase of stock | 299.16M | -0.45M | 499.22M | -5.06M | 405.15M |
| Other cashflows from financing activities | 643.11M | 724.45M | 974.67M | 373.55M | -147.51M |
| Change to netincome | - | -19.02M | -59.98M | 21.76M | 4.36M |
| Capital expenditures | 452.13M | 404.48M | 188.54M | 78.59M | 153.25M |
| Change in working capital | 53.56M | 5.64M | 36.32M | -6.32M | -19.32M |
| Stock based compensation | - | -20.97M | - | - | - |
| Other non cash items | 2.02M | 31.89M | 28.02M | 19.25M | 11.69M |
| Free cash flow | -630.90M | -541.32M | -370.16M | 149.92M | -13.73M |
Sector: Consumer Cyclical Industry: Resorts & Casinos
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MSC Studio City International Holdings Ltd |
0.02 1.65% |
1.00 | - | - | 0.94 | 0.94 | 4.16 | 11.08 |
| LVS Las Vegas Sands Corp |
0.20 0.48% |
40.92 | 16.00 | 11.98 | 1.95 | 47.27 | 2.87 | 8.52 |
| GXYEF Galaxy Entertainment Group Ltd |
0.40 9.91% |
4.46 | 14.06 | 11.70 | 0.38 | 1.58 | 2.49 | 8.34 |
| GXYYY Galaxy Entertainment Group Ltd ADR |
0.06 0.27% |
22.16 | 13.33 | 12.64 | 0.36 | 1.71 | 2.49 | 8.34 |
| SCHYF Sands China Ltd |
-0.04 2.47% |
1.42 | 16.30 | 12.21 | 1.90 | 10.75 | 2.43 | 9.56 |
Studio City International Holdings Limited provides provision of services pursuant to a casino contract and the hospitality business in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as live performance arena and various food and beverage establishments, and retail space. The company was formerly known as Cyber One Agents Limited and changed its name to Studio City International Holdings Limited in January 2012. The company was founded in 2000 and is based in Central, Hong Kong. Studio City International Holdings Limited is a subsidiary of MCO Cotai Investments Limited.
| Name | Title | Year Born |
|---|---|---|
| Mr. Geoffrey Stuart Davis C.F.A. | CFO & Director | 1969 |
| Ms. Amy L. Kuzdowicz | Principal Accounting Officer | 1970 |
| Mr. Kevin Richard Benning | Sr. VP & Property GM | 1984 |
| Ms. Amy L. Kuzdowicz CPA | Principal Accounting Officer | 1970 |
| Mr. Kevin Richard Benning | Senior VP & Property GM | 1984 |
| Ms. Jeanny Kim | Senior VP & Group Treasurer | NA |
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