MGM China Holdings Ltd
MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau. It owns and opera… Read more
MGM China Holdings Ltd (MCHVY) - Net Assets
Latest net assets as of June 2025: $1.97 Billion USD
Based on the latest financial reports, MGM China Holdings Ltd (MCHVY) has net assets worth $1.97 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 ($30.86 Billion) and total liabilities ($28.90 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 | $1.97 Billion |
| % of Total Assets | 6.37% |
| Annual Growth Rate | -7.11% |
| 5-Year Change | -89.49% |
| 10-Year Change | -89.27% |
| Growth Volatility | 139.95 |
MGM China Holdings Ltd - Net Assets Trend (2010–2024)
This chart illustrates how MGM China Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MGM China Holdings Ltd (2010–2024)
The table below shows the annual net assets of MGM China Holdings Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $527.53 Million | +139.75% |
| 2023-12-31 | $-1.33 Billion | +66.79% |
| 2022-12-31 | $-4.00 Billion | -433.89% |
| 2021-12-31 | $1.20 Billion | -76.15% |
| 2020-12-31 | $5.02 Billion | -52.03% |
| 2019-12-31 | $10.46 Billion | +16.93% |
| 2018-12-31 | $8.95 Billion | +5.09% |
| 2017-12-31 | $8.51 Billion | +17.95% |
| 2016-12-31 | $7.22 Billion | +46.83% |
| 2015-12-31 | $4.92 Billion | -22.49% |
| 2014-12-31 | $6.34 Billion | -2.49% |
| 2013-12-31 | $6.50 Billion | +10.02% |
| 2012-12-31 | $5.91 Billion | +33.92% |
| 2011-12-31 | $4.41 Billion | +198.08% |
| 2010-12-31 | $1.48 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to MGM China 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 145282100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.80 Billion | 720.34% |
| Other Comprehensive Income | $-12.17 Billion | -2306.26% |
| Other Components | $10.35 Billion | 1961.32% |
| Total Equity | $527.53 Million | 100.00% |
MGM China Holdings Ltd Competitors by Market Cap
The table below lists competitors of MGM China Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bharat Petroleum Corporation Limited
NSE:BPCL
|
$6.42 Billion |
|
EL PUERTO LIVER.N.-VTG.C1
F:PLV1
|
$6.42 Billion |
|
China Vanke Co. Ltd
PINK:CHVKF
|
$6.43 Billion |
|
Lumen Technologies Inc
NYSE:LUMN
|
$6.43 Billion |
|
Lupin Limited
NSE:LUPIN
|
$6.42 Billion |
|
MSA Safety
NYSE:MSA
|
$6.42 Billion |
|
Voya Financial Inc
NYSE:VOYA
|
$6.41 Billion |
|
Prada Spa PK
PINK:PRDSY
|
$6.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MGM China Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,327,220,000 to 527,527,000, a change of 1,854,747,000.
- Net income of 4,603,408,000 contributed positively to equity growth.
- Dividend payments of 2,661,535,000 reduced retained earnings.
- Share repurchases of 358,253,000 reduced equity.
- New share issuances of 222,924,000 increased equity.
- Other comprehensive income increased equity by 276,349,000.
- Other factors decreased equity by 228,146,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.60 Billion | +872.64% |
| Dividends Paid | $2.66 Billion | -504.53% |
| Share Repurchases | $358.25 Million | -67.91% |
| Share Issuances | $222.92 Million | +42.26% |
| Other Comprehensive Income | $276.35 Million | +52.39% |
| Other Changes | $-228.15 Million | -43.25% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares MGM China 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: 9.13x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.24x to 9.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $4.68 | $15.13 | x |
| 2011-12-31 | $13.94 | $15.13 | x |
| 2012-12-31 | $18.67 | $15.13 | x |
| 2013-12-31 | $20.51 | $15.13 | x |
| 2014-12-31 | $19.99 | $15.13 | x |
| 2015-12-31 | $15.52 | $15.13 | x |
| 2016-12-31 | $22.79 | $15.13 | x |
| 2017-12-31 | $26.82 | $15.13 | x |
| 2018-12-31 | $28.17 | $15.13 | x |
| 2019-12-31 | $33.00 | $15.13 | x |
| 2020-12-31 | $15.84 | $15.13 | x |
| 2021-12-31 | $3.78 | $15.13 | x |
| 2022-12-31 | $-12.62 | $15.13 | x |
| 2023-12-31 | $-4.18 | $15.13 | x |
| 2024-12-31 | $1.66 | $15.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MGM China 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): 872.64%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.67%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 58.01x
- Recent ROE (872.64%) is above the historical average (69.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 105.75% | 12.59% | 1.22x | 6.90x | $1.42 Billion |
| 2011 | 74.29% | 16.16% | 1.60x | 2.87x | $2.84 Billion |
| 2012 | 76.65% | 20.81% | 1.47x | 2.50x | $3.94 Billion |
| 2013 | 82.01% | 20.73% | 1.42x | 2.78x | $4.68 Billion |
| 2014 | 89.99% | 22.42% | 1.51x | 2.65x | $5.07 Billion |
| 2015 | 63.33% | 18.13% | 0.78x | 4.47x | $2.62 Billion |
| 2016 | 42.08% | 20.37% | 0.55x | 3.75x | $2.31 Billion |
| 2017 | 27.26% | 15.11% | 0.42x | 4.30x | $1.47 Billion |
| 2018 | 11.94% | 5.56% | 0.55x | 3.93x | $173.92 Million |
| 2019 | 18.46% | 8.48% | 0.70x | 3.11x | $885.21 Million |
| 2020 | -103.66% | -102.07% | 0.17x | 5.91x | $-5.70 Billion |
| 2021 | -321.38% | -40.87% | 0.33x | 23.76x | $-3.97 Billion |
| 2022 | 0.00% | -99.30% | 0.17x | 0.00x | $-4.83 Billion |
| 2023 | 0.00% | 10.69% | 0.85x | 0.00x | $2.77 Billion |
| 2024 | 872.64% | 14.67% | 1.03x | 58.01x | $4.55 Billion |
Industry Comparison
This section compares MGM China Holdings Ltd'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 |
|---|---|---|---|---|
| MGM China Holdings Ltd (MCHVY) | $1.97 Billion | 105.75% | 14.69x | $6.42 Billion |
| 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 |