Macau Legend Development Limited
Macau Legend Development Limited, an investment holding company, operates entertainment and casino gaming services in Macau. The company operates through Gaming and Non-Gaming segments. Its properties include Macau Fisherman's Wharf, a waterfront integrated gaming, hotel, convention, and entertainment complex located on Macau Peninsula. The company also provides gaming related facilities and gami… Read more
Macau Legend Development Limited (MALDF) - Net Assets
Latest net assets as of June 2025: $1.62 Billion USD
Based on the latest financial reports, Macau Legend Development Limited (MALDF) has net assets worth $1.62 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.44 Billion) and total liabilities ($2.83 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.62 Billion |
| % of Total Assets | 36.36% |
| Annual Growth Rate | -4.57% |
| 5-Year Change | -44.98% |
| 10-Year Change | -57.17% |
| Growth Volatility | 16.69 |
Macau Legend Development Limited - Net Assets Trend (2012–2024)
This chart illustrates how Macau Legend Development Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Macau Legend Development Limited (2012–2024)
The table below shows the annual net assets of Macau Legend Development Limited from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.04 Billion | -18.01% |
| 2023-12-31 | $3.71 Billion | -0.08% |
| 2022-12-31 | $3.71 Billion | -14.06% |
| 2021-12-31 | $4.31 Billion | -21.85% |
| 2020-12-31 | $5.52 Billion | -26.03% |
| 2019-12-31 | $7.46 Billion | -2.96% |
| 2018-12-31 | $7.69 Billion | +23.34% |
| 2017-12-31 | $6.24 Billion | -6.82% |
| 2016-12-31 | $6.69 Billion | -5.65% |
| 2015-12-31 | $7.09 Billion | -4.91% |
| 2014-12-31 | $7.46 Billion | +33.29% |
| 2013-12-31 | $5.60 Billion | +5.11% |
| 2012-12-31 | $5.32 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Macau Legend Development 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 143882600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $620.12 Million | 20.41% |
| Other Components | $3.86 Billion | 126.95% |
| Total Equity | $3.04 Billion | 100.00% |
Macau Legend Development Limited Competitors by Market Cap
The table below lists competitors of Macau Legend Development Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HUNYVERS S.A. EO -025
F:F6Q
|
$7.11 Million |
|
Gogox Holdings Limited
F:A1F0
|
$7.12 Million |
|
VSee Health, Inc.
NASDAQ:VSEE
|
$7.12 Million |
|
Avant Brands Inc
OTCQX:AVTBF
|
$7.12 Million |
|
Scientific Energy Inc
PINK:SCGY
|
$7.11 Million |
|
DCM Nouvelle Limited
NSE:DCMNVL
|
$7.11 Million |
|
Indowind Energy Limited
NSE:INDOWIND
|
$7.10 Million |
|
Belararox Ltd
AU:BRX
|
$7.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Macau Legend Development Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,705,229,000 to 3,037,991,000, a change of -667,238,000 (-18.0%).
- Net loss of 622,627,000 reduced equity.
- Other comprehensive income decreased equity by 3,085,109,999.
- Other factors increased equity by 3,040,498,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-622.63 Million | -20.49% |
| Other Comprehensive Income | $-3.09 Billion | -101.55% |
| Other Changes | $3.04 Billion | +100.08% |
| Total Change | $- | -18.01% |
Book Value vs Market Value Analysis
This analysis compares Macau Legend Development 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
- Current price-to-book ratio: 0.00x
- 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 |
|---|---|---|---|
| 2012-12-31 | $10.05 | $0.02 | x |
| 2013-12-31 | $9.70 | $0.02 | x |
| 2014-12-31 | $11.53 | $0.02 | x |
| 2015-12-31 | $11.04 | $0.02 | x |
| 2016-12-31 | $10.63 | $0.02 | x |
| 2017-12-31 | $9.95 | $0.02 | x |
| 2018-12-31 | $12.27 | $0.02 | x |
| 2019-12-31 | $11.96 | $0.02 | x |
| 2020-12-31 | $8.90 | $0.02 | x |
| 2021-12-31 | $6.96 | $0.02 | x |
| 2022-12-31 | $5.98 | $0.02 | x |
| 2023-12-31 | $5.98 | $0.02 | x |
| 2024-12-31 | $4.90 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Macau Legend Development 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): -20.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -80.71%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.94x
- Recent ROE (-20.49%) is below the historical average (-5.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 10.05% | 35.66% | 0.19x | 1.49x | $2.89 Million |
| 2013 | 9.11% | 28.91% | 0.23x | 1.40x | $-49.77 Million |
| 2014 | 6.42% | 26.44% | 0.14x | 1.68x | $-267.03 Million |
| 2015 | -3.79% | -18.70% | 0.12x | 1.67x | $-977.82 Million |
| 2016 | -4.15% | -18.86% | 0.13x | 1.68x | $-946.74 Million |
| 2017 | -8.14% | -27.63% | 0.16x | 1.87x | $-1.13 Billion |
| 2018 | 25.56% | 105.40% | 0.17x | 1.43x | $1.20 Billion |
| 2019 | -2.55% | -8.06% | 0.21x | 1.50x | $-936.68 Million |
| 2020 | -35.41% | -279.02% | 0.08x | 1.57x | $-2.51 Billion |
| 2021 | -27.59% | -104.83% | 0.14x | 1.85x | $-1.62 Billion |
| 2022 | -16.37% | -85.33% | 0.10x | 1.93x | $-978.03 Million |
| 2023 | -0.13% | -0.55% | 0.13x | 1.85x | $-375.44 Million |
| 2024 | -20.49% | -80.71% | 0.13x | 1.94x | $-926.43 Million |
Industry Comparison
This section compares Macau Legend Development Limited's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $3,859,979,137
- Average return on equity (ROE) among peers: -4.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Macau Legend Development Limited (MALDF) | $1.62 Billion | 10.05% | 1.75x | $7.11 Million |
| Archon Corporation (ARHN) | $24.65 Million | -30.23% | 8.66x | $132.68K |
| Bally's Corp (BALY) | $211.41 Million | 26.08% | 3.83x | $133.77 Million |
| Bloomberry Resorts Corporation (BLBRF) | $30.29 Billion | 20.05% | 1.40x | $522.71 Million |
| Blue Ridge Real Estate Company (BRRE) | $-708.73K | 0.00% | 0.00x | $8.61 Million |
| Boyd Gaming Corporation (BYD) | $1.11 Billion | 10.52% | 2.51x | $4.44 Billion |
| Banyan Tree Holdings Limited (BYNEF) | $719.75 Million | 1.87% | 1.27x | $195.40K |
| Concorde Gaming Corporation (CGAM) | $1.98 Million | -48.86% | 7.92x | $0.91 |
| Century Casinos Inc (CNTY) | $126.98 Million | -37.80% | 4.36x | $29.64 Million |
| Canterbury Park Holding Corporation (CPHC) | $49.42 Million | 5.50% | 0.32x | $39.22 Million |
| Caesars Entertainment Corporation (CZR) | $6.07 Billion | 8.83% | 2.67x | $3.95 Billion |