Studio City International Holdings Ltd (MSC) - Net Assets
Based on the latest financial reports, Studio City International Holdings Ltd (MSC) has net assets worth $550.38 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.71 Billion) and total liabilities ($2.16 Billion). 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 asset allocation strategy of Studio City International Holdings Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $550.38 Million |
| % of Total Assets | 20.31% |
| Annual Growth Rate | -5.95% |
| 5-Year Change | -39.27% |
| 10-Year Change | -29.77% |
| Growth Volatility | 20.31 |
Studio City International Holdings Ltd - Net Assets Trend (2015–2025)
This chart illustrates how Studio City International Holdings Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Studio City International Holdings Ltd (MSC) total market value.
Annual Net Assets for Studio City International Holdings Ltd (2015–2025)
The table below shows the annual net assets of Studio City International Holdings Ltd from 2015 to 2025. Also explore Studio City International Holdings Ltd (MSC) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $573.38 Million | -11.31% |
| 2024-12-31 | $646.52 Million | -11.31% |
| 2023-12-31 | $728.98 Million | -16.80% |
| 2022-12-31 | $876.14 Million | -7.21% |
| 2021-12-31 | $944.18 Million | -25.52% |
| 2020-12-31 | $1.27 Billion | +9.41% |
| 2019-12-31 | $1.16 Billion | +5.68% |
| 2018-12-31 | $1.10 Billion | +48.15% |
| 2017-12-31 | $740.04 Million | -9.36% |
| 2016-12-31 | $816.48 Million | -22.93% |
| 2015-12-31 | $1.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Studio City International Holdings Ltd'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 150023200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $84.00K | 0.02% |
| Other Comprehensive Income | $618.00K | 0.12% |
| Other Components | $2.48 Billion | 472.88% |
| Total Equity | $523.89 Million | 100.00% |
Studio City International Holdings Ltd Competitors by Market Cap
The table below lists competitors of Studio City International Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Mechanical & Electrical Industry Co Ltd B
SHG:900925
|
$269.66 Million |
|
Changzhou Tiansheng New Materials Co Ltd
SHE:300169
|
$269.76 Million |
|
LAVIPHARM S.A. NA EO 1
F:BXA0
|
$269.79 Million |
|
Chia Hsin Cement Corp
TW:1103
|
$269.81 Million |
|
Mesabi Trust
NYSE:MSB
|
$269.49 Million |
|
Boilermech Holdings Bhd
KLSE:0168
|
$269.39 Million |
|
Artius II Acquisition Inc. Units
NASDAQ:AACBU
|
$269.37 Million |
|
Frequency Electronics Inc
NASDAQ:FEIM
|
$269.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Studio City International Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 590,735,000 to 523,886,999, a change of -66,848,001 (-11.3%).
- Net loss of 58,765,000 reduced equity.
- Other comprehensive income decreased equity by 8,083,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-58.77 Million | -11.22% |
| Other Comprehensive Income | $-8.08 Million | -1.54% |
| Other Changes | $-1.00 | -0.0% |
| Total Change | $- | -11.32% |
Book Value vs Market Value Analysis
This analysis compares Studio City International Holdings Ltd'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
- Current price-to-book ratio: 0.13x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $14.26 | $1.40 | x |
| 2016-12-31 | $10.99 | $1.40 | x |
| 2017-12-31 | $9.96 | $1.40 | x |
| 2018-12-31 | $22.90 | $1.40 | x |
| 2019-12-31 | $19.17 | $1.40 | x |
| 2020-12-31 | $54.77 | $1.40 | x |
| 2021-12-31 | $40.79 | $1.40 | x |
| 2022-12-31 | $17.90 | $1.40 | x |
| 2023-12-31 | $15.14 | $1.40 | x |
| 2024-12-31 | $12.27 | $1.40 | x |
| 2025-12-31 | $10.88 | $1.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Studio City International Holdings Ltd 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): -11.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.46%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 5.34x
- Recent ROE (-11.22%) is above the historical average (-17.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -21.95% | -335.42% | 0.02x | 3.20x | $-338.49 Million |
| 2016 | -29.74% | -57.19% | 0.14x | 3.70x | $-324.44 Million |
| 2017 | -10.33% | -14.16% | 0.18x | 3.96x | $-150.44 Million |
| 2018 | -1.97% | -3.78% | 0.20x | 2.56x | $-131.24 Million |
| 2019 | 2.90% | 5.36% | 0.23x | 2.34x | $-82.30 Million |
| 2020 | -25.37% | -653.61% | 0.02x | 2.40x | $-448.40 Million |
| 2021 | -26.75% | -236.32% | 0.03x | 3.52x | $-346.97 Million |
| 2022 | -37.26% | -2826.91% | 0.00x | 4.10x | $-414.07 Million |
| 2023 | -18.32% | -29.97% | 0.14x | 4.44x | $-206.42 Million |
| 2024 | -16.37% | -15.13% | 0.21x | 5.05x | $-155.80 Million |
| 2025 | -11.22% | -8.46% | 0.25x | 5.34x | $-111.15 Million |
Industry Comparison
This section compares Studio City International Holdings Ltd's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $756,585,714
- Average return on equity (ROE) among peers: 14.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Studio City International Holdings Ltd (MSC) | $550.38 Million | -21.95% | 3.92x | $269.62 Million |
| Bally's Corp (BALY) | $115.57 Million | 38.80% | 4.55x | $474.41 Million |
| Boyd Gaming Corporation (BYD) | $1.58 Billion | 36.54% | 3.04x | $5.53 Billion |
| Century Casinos Inc (CNTY) | $118.16 Million | 3.46% | 0.16x | $31.23 Million |
| Canterbury Park Holding Corporation (CPHC) | $13.91 Million | 16.37% | 0.37x | $81.79 Million |
| Caesars Entertainment Corporation (CZR) | $61.00 Million | -1.62% | 3.30x | $3.95 Billion |
| Full House Resorts Inc (FLL) | $37.90 Million | 2.48% | 0.67x | $67.43 Million |
| Golden Entertainment Inc (GDEN) | $194.61 Million | -2.08% | 0.07x | $740.46 Million |
| Hilton Grand Vacations Inc (HGV) | $570.00 Million | 37.89% | 4.40x | $3.02 Billion |
| Las Vegas Sands Corp (LVS) | $4.43 Billion | -4.27% | 2.87x | $27.39 Billion |
| Monarch Casino & Resort Inc (MCRI) | $448.01 Million | 15.29% | 0.54x | $1.70 Billion |
About Studio City International Holdings Ltd
Studio City International Holdings Limited provides provision of services pursuant to a casino contract and the hospitality business in Macau. It operates gaming services, a casino contract for the operation of studio city casino, focusing on mass market and premium mass market table games and gaming machines, including baccarat, three-card baccarat, blackjack, craps, caribbean stud poker, roulet… Read more