Studio City International Holdings Ltd

$MSC Market Cap: $1.37 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$627.5M

TTM

Gross Margin

66.69%

TTM

Net Earnings

-$87.60M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

Total Liabilities

Book Value

Cash

P/E

-15.63

Nov 29, 2024 EST

Free Cash Flow

$30.89M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$445.5M	$11.55M	$106.9M	$49.20M	$626.7M	$571.2M	$539.8M	$424.5M	$69.30M
YoY Change	3758.14%	-89.19%	117.21%	-92.15%	9.72%	5.82%	27.16%	512.55%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$445.5M	$11.55M	$106.9M	$49.20M	$626.7M	$571.2M	$539.8M	$424.5M	$69.30M
Cost Of Revenue	$171.1M	$72.96M	$76.22M	$74.80M	$136.8M	$123.8M	$130.2M	$166.5M	$28.80M
Gross Profit	$274.4M	-$61.41M	$30.65M	-$25.60M	$490.0M	$447.4M	$409.6M	$258.0M	$40.60M
Gross Profit Margin	61.59%	-531.81%	28.68%	-52.03%	78.19%	78.33%	75.88%	60.78%	58.59%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$134.1M	$88.85M	$94.59M	$94.00M	$140.0M	$144.9M	$156.1M	$144.3M	$198.8M
YoY Change	50.89%	-6.07%	0.63%	-32.86%	-3.38%	-7.17%	8.18%	-27.41%
% of Gross Profit	48.85%		308.59%		28.57%	32.39%	38.11%	55.93%	489.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$166.1M	$127.0M	$127.6M	$160.3M	$171.9M	$167.9M	$176.3M	$171.9M	$41.00M
YoY Change	30.83%	-0.53%	-20.38%	-6.75%	2.38%	-4.76%	2.56%	319.27%
% of Gross Profit	60.53%		416.38%		35.08%	37.53%	43.04%	66.63%	100.99%
Operating Expenses	$303.5M	$215.8M	$222.2M	$254.4M	$311.9M	$309.5M	$329.2M	$312.8M	$229.8M
YoY Change	40.62%	-2.89%	-12.65%	-18.44%	0.78%	-5.98%	5.24%	36.12%
Operating Profit	-$29.04M	-$277.2M	-$191.6M	-$280.0M	$178.1M	$137.9M	$80.40M	-$54.80M	-$189.2M
YoY Change	-89.52%	44.71%	-31.58%	-257.22%	29.15%	71.52%	-246.72%	-71.04%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	-$118.3M	-$83.54M	-$81.65M	-$107.0M	-$130.4M	-$155.0M	-$149.7M	-$135.9M	-$18.20M
YoY Change	41.55%	2.32%	-23.69%	-17.94%	-15.87%	3.54%	10.15%	646.7%
% of Operating Profit					-73.22%	-112.4%	-186.19%
Other Income/Expense, Net	-$484.0K	-$168.0K	-$419.0K	-$500.0K	$0.00	-$600.0K	-$7.400M	-$26.10M	-$17.70M
YoY Change	188.1%	-59.9%	-16.2%		-100.0%	-91.89%	-71.65%	47.46%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	-$146.2M	-$360.9M	-$302.5M	-$406.1M	$44.00M	-$20.20M	-$76.70M	-$242.3M	-$232.2M
YoY Change	-59.5%	19.33%	-25.52%	-1022.95%	-317.82%	-73.66%	-68.35%	4.35%
Income Tax	-$81.00K	$382.0K	-$457.0K	-$1.000M	$400.0K	$500.0K	-$200.0K	$500.0K	$400.0K
% Of Pretax Income					0.91%
Net Earnings	-$133.5M	-$326.5M	-$252.6M	-$321.6M	$33.60M	-$21.60M	-$76.40M	-$242.8M	-$232.6M
YoY Change	-59.1%	29.26%	-21.47%	-1057.14%	-255.56%	-71.73%	-68.53%	4.39%
Net Earnings / Revenue	-29.97%	-2826.91%	-236.32%	-653.66%	5.36%	-3.78%	-14.15%	-57.2%	-335.64%
Basic Earnings Per Share
Diluted Earnings Per Share	-$0.17	-$0.46	-$681.9K	-$1.091M	$139.0K	-$112.8K	-$257.2K	-$817.2K	-$782.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$228.0M	$509.5M	$499.3M	$575.2M	$299.4M	$345.9M	$348.4M	$336.8M
YoY Change	-55.24%	2.05%	-13.2%	92.12%	-13.44%	-0.72%	3.44%
Cash & Equivalents	$228.0M	$509.5M	$499.3M	$575.2M	$299.4M	$345.9M	$348.4M	$336.8M
Short-Term Investments
Other Short-Term Assets	$39.00M	$38.72M	$42.63M	$12.50M	$41.90M	$59.30M	$62.20M	$46.50M
YoY Change	0.71%	-9.18%	241.06%	-70.17%	-29.34%	-4.66%	33.76%
Inventory	$5.763M	$5.121M	$5.828M	$9.300M	$9.800M	$9.900M	$10.10M	$9.500M
Prepaid Expenses
Receivables	$2.281M	$263.0K	$247.0K	$200.0K	$1.400M	$1.700M	$2.300M	$2.800M
Other Receivables	$40.97M	$221.0K	$15.70M	$10.60M	$62.00M	$42.40M	$37.90M	$1.600M
Total Short-Term Assets	$316.1M	$553.8M	$563.7M	$607.8M	$414.4M	$459.0M	$460.9M	$397.2M
YoY Change	-42.94%	-1.75%	-7.26%	46.67%	-9.72%	-0.41%	16.04%
Property, Plant & Equipment	$2.787B	$2.990B	$2.683B	$2.314B	$2.241B	$2.297B	$2.406B	$2.548B
YoY Change	-6.77%	11.45%	15.92%	3.29%	-2.47%	-4.51%	-5.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$133.2M	$48.46M	$69.75M	$117.7M	$57.20M	$45.90M	$60.90M	$76.40M
YoY Change	174.94%	-30.53%	-40.74%	105.77%	24.62%	-24.63%	-20.29%
Total Long-Term Assets	$2.921B	$3.040B	$2.755B	$2.436B	$2.298B	$2.343B	$2.467B	$2.625B
YoY Change	-3.92%	10.32%	13.1%	6.02%	-1.94%	-5.0%	-6.02%
Total Assets	$3.237B	$3.594B	$3.319B	$3.044B	$2.712B	$2.802B	$2.928B	$3.022B
YoY Change
Accounts Payable	$2.454M	$501.0K	$211.0K	$200.0K	$3.300M	$6.400M	$2.700M	$3.500M
YoY Change	389.82%	137.44%	5.5%	-93.94%	-48.44%	137.04%	-22.86%
Accrued Expenses	$135.5M	$165.7M	$201.4M	$118.9M	$82.60M	$410.6M	$155.8M	$156.5M
YoY Change	-18.21%	-17.73%	69.39%	43.95%	-79.88%	163.54%	-0.45%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$156.8M	$247.4M	$254.7M	$162.2M	$100.2M	$439.0M	$178.1M	$193.4M
YoY Change	-36.63%	-2.88%	57.05%	61.88%	-77.18%	146.49%	-7.91%
Long-Term Debt	$2.335B	$2.434B	$2.087B	$1.585B	$1.435B	$1.262B	$1.999B	$1.992B
YoY Change	-4.08%	16.62%	31.73%	10.42%	13.73%	-36.89%	0.37%
Other Long-Term Liabilities	$15.46M	$35.13M	$32.57M	$28.90M	$16.90M	$4.000M	$9.500M	$19.10M
YoY Change	-55.99%	7.87%	12.69%	71.01%	322.5%	-57.89%	-50.26%
Total Long-Term Liabilities	$2.351B	$2.470B	$2.120B	$1.614B	$1.452B	$1.266B	$2.009B	$2.011B
YoY Change	-4.82%	16.49%	31.39%	11.13%	14.7%	-36.99%	-0.11%
Total Liabilities	$2.571B	$2.793B	$2.530B	$1.984B	$1.821B	$1.959B	$2.188B	$2.206B
YoY Change	-7.96%	10.41%	27.5%	8.95%	-7.04%	-10.45%	-0.82%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.3697 Billion

About STUDIO CITY INTERNATIONAL HOLDINGS Ltd

Studio City International Holdings Ltd. engages in the hospitality business and provision of gaming related services in Macau. The company employs 5,286 full-time employees The company went IPO on 2018-10-18. The firm has 250 mass market gaming tables and 45 tables authorized for VIP rolling chip operations. It’s cinematically-themed integrated resort is designed to attract a wide range of customers by providing non-gaming attractions, including the world’s first figure-8 Ferris wheel, a deluxe night club and karaoke, a 5,000-seat live performance arena and an outdoor water park. Studio City features approximately 1,600 luxury hotel rooms, diverse food and beverage establishments and approximately 27,000 square meters of complementary retail space.

Industry: Hotels & Motels Peers: Melco Resorts & Entertainment LTD