Melco Crown Entertainment Ltd

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MPEL : NASDAQ : Services
$13.77 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 3,019,800
07/26/16 - 4:00 PM ET

Financial Analysis


MELCO CROWN ENTMT LTD's gross profit margin for the first quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. MELCO CROWN ENTMT LTD is extremely liquid. Currently, the Quick Ratio is 2.20 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 6.56% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)1103.571054.25
EBITDA ($mil)205.78170.92
EBIT ($mil)65.7960.21
Net Income ($mil)39.860.63


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)2272.692823.68
Total Assets ($mil)9976.0310351.79
Total Debt ($mil)4277.764140.04
Equity ($mil)4038.534322.34


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin29.3929.32
EBITDA Margin18.6416.21
Operating Margin5.965.71
Sales Turnover0.40.43
Return on Assets0.854.14
Return on Equity2.19.93
Debt Q1 FY16 Q1 FY15
Current Ratio2.292.37
Debt/Capital0.510.49
Interest Expense76.8375.62
Interest Coverage0.860.8


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)539.33538.67
Div / share0.640.05
EPS0.070.11
Book value / share7.498.02
Institutional Own % n/a n/a
Avg Daily Volume3073314.02930874.0

Valuation


HOLD. MELCO CROWN ENTMT LTD's P/E ratio indicates a significant premium compared to an average of 28.27 for the Hotels, Restaurants & Leisure industry and a significant premium compared to the S&P 500 average of 25.05. To use another comparison, its price-to-book ratio of 1.68 indicates a discount versus the S&P 500 average of 2.81 and a significant discount versus the industry average of 11.48. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
MPEL 78.75 Peers 28.27   MPEL NA Peers 13.95

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

MPEL is trading at a significant premium to its peers.

 

Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
MPEL 31.50 Peers 24.99   MPEL 1.31 Peers 2.68

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

MPEL is trading at a significant premium to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

MPEL trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MPEL 1.68 Peers 11.48   MPEL -79.49 Peers 18.32

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

MPEL is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, MPEL is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MPEL 1.69 Peers 2.92   MPEL -10.57 Peers 8.46

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

MPEL is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

MPEL significantly trails its peers on the basis of sales growth

 

 

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