Melco Resorts & Entertainment Limited (MAS) - Net Assets
Based on the latest financial reports, Melco Resorts & Entertainment Limited (MAS) has net assets worth €-953.30 Million EUR (≈ $-1.11 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.10 Billion ≈ $9.47 Billion USD) and total liabilities (€9.06 Billion ≈ $10.59 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MAS financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €-953.30 Million |
| % of Total Assets | -11.77% |
| Annual Growth Rate | N/A |
| 5-Year Change | -151.14% |
| 10-Year Change | N/A |
| Growth Volatility | 285.7 |
Melco Resorts & Entertainment Limited - Net Assets Trend (2016–2024)
This chart illustrates how Melco Resorts & Entertainment Limited's net assets have evolved over time, based on quarterly financial data. Also explore Melco Resorts & Entertainment Limited total assets for the complete picture of this company's asset base.
Annual Net Assets for Melco Resorts & Entertainment Limited (2016–2024)
The table below shows the annual net assets of Melco Resorts & Entertainment Limited from 2016 to 2024. For live valuation and market cap data, see Melco Resorts & Entertainment Limited (MAS) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €-939.96 Million ≈ $-1.10 Billion |
-11.89% |
| 2023-12-31 | €-840.05 Million ≈ $-982.11 Million |
-845.12% |
| 2022-12-31 | €112.74 Million ≈ $131.80 Million |
-86.25% |
| 2021-12-31 | €819.88 Million ≈ $958.53 Million |
-55.39% |
| 2020-12-31 | €1.84 Billion ≈ $2.15 Billion |
-41.52% |
| 2019-12-31 | €3.14 Billion ≈ $3.67 Billion |
+14.48% |
| 2018-12-31 | €2.75 Billion ≈ $3.21 Billion |
-17.69% |
| 2017-12-31 | €3.34 Billion ≈ $3.90 Billion |
-12.76% |
| 2016-12-31 | €3.82 Billion ≈ $4.47 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Melco Resorts & Entertainment Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 803.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €2.69 Billion | % |
| Total Equity | €-1.33 Billion | 100.00% |
Melco Resorts & Entertainment Limited Competitors by Market Cap
The table below lists competitors of Melco Resorts & Entertainment Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HCI Group Inc
NYSE:HCI
|
$1.97 Billion |
|
Avepoint Inc
NASDAQ:AVPT
|
$1.97 Billion |
|
Shanghai Anlogic Infotech Co Ltd
SHG:688107
|
$1.97 Billion |
|
Getty Realty Corporation
NYSE:GTY
|
$1.98 Billion |
|
S-1 Corp
KO:012750
|
$1.97 Billion |
|
Shenglan Technology Co Ltd
SHE:300843
|
$1.97 Billion |
|
Dongjin Semichem Co. Ltd
KQ:005290
|
$1.97 Billion |
|
Partner
TA:PTNR
|
$1.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Melco Resorts & Entertainment Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,287,280,000 to -1,326,460,000, a change of -39,180,000.
- Net income of 43,543,000 contributed positively to equity growth.
- Dividend payments of 344,000 reduced retained earnings.
- Share repurchases of 113,035,000 reduced equity.
- Other factors increased equity by 30,656,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €43.54 Million | +3.28% |
| Dividends Paid | €344.00K | -0.03% |
| Share Repurchases | €113.03 Million | -8.52% |
| Other Changes | €30.66 Million | +2.31% |
| Total Change | €- | % |
Book Value vs Market Value Analysis
This analysis compares Melco Resorts & Entertainment Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.97 | €4.70 | x |
| 2018-12-31 | €1.54 | €4.70 | x |
| 2019-12-31 | €1.70 | €4.70 | x |
| 2020-12-31 | €0.77 | €4.70 | x |
| 2021-12-31 | €0.17 | €4.70 | x |
| 2022-12-31 | €0.08 | €4.70 | x |
| 2023-12-31 | €-0.98 | €4.70 | x |
| 2024-12-31 | €-1.05 | €4.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Melco Resorts & Entertainment Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.94%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-116.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.26% | 3.89% | 0.48x | 2.79x | €-158.48 Million |
| 2017 | 12.02% | 6.57% | 0.59x | 3.08x | €58.25 Million |
| 2018 | 16.52% | 6.81% | 0.58x | 4.17x | €138.78 Million |
| 2019 | 15.30% | 6.50% | 0.60x | 3.89x | €129.28 Million |
| 2020 | -114.64% | -73.12% | 0.19x | 8.19x | €-1.37 Billion |
| 2021 | -331.67% | -40.34% | 0.23x | 36.30x | €-836.23 Million |
| 2022 | -650.90% | -75.52% | 0.14x | 59.45x | €-745.09 Million |
| 2023 | 0.00% | -8.66% | 0.45x | 0.00x | €-198.19 Million |
| 2024 | 0.00% | 0.94% | 0.58x | 0.00x | €176.19 Million |
Industry Comparison
This section compares Melco Resorts & Entertainment Limited's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $-567,037,556
- Average return on equity (ROE) among peers: -0.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Melco Resorts & Entertainment Limited (MAS) | €-953.30 Million | 5.26% | N/A | $1.97 Billion |
| SANDS CHINA ADR/1 O.N. (599) | $1.03 Billion | 101.36% | 9.83x | $14.41 Billion |
| Sands China Ltd (599A) | $1.93 Billion | -78.95% | 4.47x | $15.62 Billion |
| Wynn Macau Limited (8WY) | $1.99 Billion | 254.52% | 24.31x | $3.69 Billion |
| WYNN MACAU LTD ADR/10 (8WY0) | $-15.81 Billion | 0.00% | 0.00x | $3.19 Billion |
| The Star Entertainment Group Limited (EE9) | $3.28 Billion | 8.07% | 0.53x | $403.44 Million |
| MGM China Holdings Limited (M04) | $1.20 Billion | -321.38% | 22.76x | $5.14 Billion |
| NagaCorp Ltd (N9J) | $599.96 Million | 23.38% | 0.07x | $2.14 Billion |
| Regenbogen AG (RGB) | $8.50 Million | 7.53% | 1.86x | $13.46 Million |
| Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco (RJ8) | $680.36 Million | 1.48% | 0.49x | $2.54 Billion |
About Melco Resorts & Entertainment Limited
Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Asia and Europe. It owns and operates City of Dreams, an integrated casino resort that has gaming tables and gaming machines; suites and villas; restaurants and bars; retail outlets; a wet stage performance theater; and recreation and leisure facilities. The company also operates Altira Macau… Read more