STUDIO CITY INTERNATIONAL HOLDINGS Ltd MSC
Last close
—
Market cap
—
52-week range
— - —
No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $694.6M | $639.1M | $445.5M | $11.5M | $106.9M | $49.2M | $626.7M | $571.2M | $539.8M | $424.5M |
| SG&A | $183.4M | $171.3M | $115.2M | $79.8M | $87.6M | $89.0M | $128.9M | $132.6M | $130.5M | $135.1M |
| Total operating expenses | $624.5M | $601.0M | $474.6M | $288.8M | $298.4M | $329.1M | $448.7M | $433.4M | $459.4M | $479.3M |
| Operating income | $70.0M | $38.1M | -$29.0M | -$277.2M | -$191.6M | -$279.9M | $178.0M | $137.9M | $80.5M | -$54.8M |
| Interest expense | $126.3M | $133.6M | $129.6M | $92.4M | $91.0M | $104.8M | $132.3M | $160.5M | $159.9M | $159.2M |
| Pre-tax income | -$51.2M | -$89.4M | -$133.4M | -$326.1M | -$252.1M | -$320.6M | $34.0M | -$21.1M | -$76.2M | -$242.3M |
| Income tax | $7.6M | $7.4M | $81.0K | $382.0K | $457.0K | $1.0M | $402.0K | $544.0K | $239.0K | $474.0K |
| Net income | -$58.8M | -$96.7M | -$133.5M | -$326.5M | -$252.6M | -$321.6M | $33.6M | -$21.6M | -$76.4M | -$242.8M |
| EPS, basic | — | — | — | — | — | -1.09 | 0.14 | -0.11 | — | — |
| EPS, diluted | — | — | — | — | — | -1.10 | 0.14 | -0.11 | -0.42 | -1.34 |
| Shares, diluted (wtd. avg.) | — | — | — | — | — | 367.3M | 241.8M | 191.5M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $109.4M | $127.6M | $228.2M | $509.7M | $499.4M | $575.4M | $327.2M | $377.6M | $382.9M | $371.2M |
| Receivables | $1.9M | $2.0M | $2.3M | $263.0K | $247.0K | $157.0K | $1.4M | $1.7M | $2.3M | — |
| Inventory | $8.7M | $7.3M | $5.8M | $5.1M | $5.8M | $9.3M | $9.8M | $9.9M | $10.1M | — |
| Total current assets | $131.5M | $166.4M | $316.1M | $553.8M | $563.7M | $607.8M | $414.4M | $459.0M | $460.9M | — |
| Property, plant and equipment | $2.49B | $2.65B | $2.78B | $2.87B | $2.56B | $2.18B | $2.11B | $2.18B | $2.28B | — |
| Other intangibles | — | $0 | $5.0K | $1.4M | $2.8M | $4.0M | $0 | — | — | — |
| Total assets | $2.80B | $2.99B | $3.24B | $3.59B | $3.32B | $3.04B | $2.71B | $2.80B | $2.93B | — |
| Accounts payable | $6.4M | $3.3M | $2.5M | $501.0K | $211.0K | $206.0K | $3.3M | $6.4M | $2.7M | — |
| Short-term debt | $0 | $21.6M | $0 | — | — | — | $0 | $347.7M | $0 | — |
| Total current liabilities | $180.0M | $180.8M | $156.8M | $247.4M | $254.7M | $162.2M | $100.2M | $439.0M | $178.1M | — |
| Long-term debt | $2.02B | $2.14B | $2.34B | $2.43B | $2.09B | $1.58B | $1.44B | $1.26B | $2.00B | — |
| Total liabilities | $2.22B | $2.34B | $2.51B | $2.72B | $2.37B | $1.78B | $1.55B | $1.71B | $2.19B | — |
| Retained earnings | -$1.95B | -$1.90B | -$1.80B | -$1.67B | -$1.34B | -$1.09B | -$764.5M | -$798.1M | -$773.2M | — |
| Total equity | $523.9M | $590.7M | $666.1M | $800.6M | $789.4M | $1.06B | $891.4M | $843.5M | $740.0M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $210.3M | $189.9M | -$18.9M | -$178.8M | -$136.8M | -$167.4M | $228.5M | $139.5M | $68.3M | $14.6M |
| Depreciation and amortisation | $197.0M | $194.6M | $158.7M | $113.0M | $111.3M | $139.9M | — | — | — | — |
| Investing cash flow | -$85.1M | -$108.5M | -$161.5M | -$453.4M | -$407.2M | -$209.8M | -$90.9M | -$147.5M | -$55.3M | -$106.7M |
| Financing cash flow | -$143.1M | -$183.3M | -$100.9M | $643.1M | $471.5M | $623.8M | -$190.0M | $5.2M | -$1.3M | -$122.8M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-105026.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $424.5M | $539.8M | $571.2M | $626.7M | $49.2M | $106.9M | $11.5M | $445.5M | $639.1M | $694.6M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$242.8M | -$76.4M | -$21.6M | $33.6M | -$321.6M | -$252.6M | -$326.5M | -$133.5M | -$96.7M | -$58.8M |
Others in SIC 7011
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MAR | MARRIOTT INTERNATIONAL INC /MD/ | $101.88B | 41.1x | 4.3% |
| HLT | Hilton Worldwide Holdings Inc. | $78.69B | 57.1x | 7.7% |
| LVS | LAS VEGAS SANDS CORP | $23.11B | 15.2x | 15.2% |
| H | Hyatt Hotels Corp | $16.27B | — | 6.8% |
| WYNN | WYNN RESORTS LTD | $7.49B | 23.2x | 0.1% |
| MGM | MGM Resorts International | $7.06B | 36.9x | 1.7% |
| CZR | Caesars Entertainment, Inc. | $5.87B | — | 2.1% |
| WH | WYNDHAM HOTELS & RESORTS, INC. | $5.37B | 29.0x | 1.8% |