Melco International Development Ltd (0200) fair value: what the stock is really worth
We calculate from audited financials what Melco International Development Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? No
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Melco International Development Ltd
0200 · HKCheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range HK$2.42 – HK$10.81 · fair‑value band HK$3.05 – HK$11.83 · the HK$2.90 price screens below the HK$4.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 4 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Company profile
Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, and Cyprus. It operates in two segments, Casino and Hospitality, and Others. The company operates casinos and provides hospitality services and facilities through Melco Resorts.
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Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, and Cyprus. It operates in two segments, Casino and Hospitality, and Others. The company operates casinos and provides hospitality services and facilities through Melco Resorts. It also develops, owns, and operates integrated resort facilities such as City of Dreams in Macau, the company's flagship integrated resort; Studio City, a cinematically themed integrated resort; Altira Macau, an integrated resort designed to provide a casino and hotel experience; Mocha Clubs and Other, a non-casino based operations of electronic gaming machines; and City of Dreams Manila, and City of Dreams Mediterranean and Other. In addition, the company operates satellite casinos. Further, it provides financing and management services. The company was formerly known as The Macao Electric Lighting Company, Limited and changed its name to Melco International Development Limited in 1988. Melco International Development Limited was incorporated in 1910 and is headquartered in Central, Hong Kong.
Stock analysis
Melco International Development Ltd (0200) currently trades at HK$2.90, while our model-based Fair Value estimate is HK$4.36, implying the stock looks roughly 33.5% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$29.93 per share, and 20 of the 23 models we run sit above the HK$2.90 price.
Bear case: the Economic Profit group reads lowest at HK$0.5200, and 3 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$3.05 (bear) to HK$11.83 (bull), the price of HK$2.90 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Melco International Development Ltd reported revenue of HK$24.5B in FY2025 versus HK$9.1B in FY2021, a compound +28.2%/yr. Reported net income was HK$1.1B in FY2025.
Key figures
Market cap HK$7.1B (≈ $908M) · P/E ratio 6.5 · P/S ratio 0.28 · EPS (TTM) HK$0.1700 · Net margin 4.3% · Return on equity 17.2% · Return on assets (EBIT) −0.1% · Operating margin 13.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 20% fair-value upside, at 50%, 0200 screens cheaper than that median.
Fair Value models
All 23 models by family
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Set up alert →Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 23
Revenue & earnings trend
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Compare Melco International Development Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Resorts & Casinos · 73 stocks
Valuation Multiplesvs Resorts & Casinos median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Las Vegas Sands Corp LVS | $41.27 | $49.90 | +21% |
| Galaxy Entertainment Group 0027 | HK$32.70 | HK$46.74 | +43% |
| Sands China Ltd 1928 | HK$12.20 | HK$19.11 | +57% |
| MGM Resorts International, through its subsidiaries, MGM | $38.39 | $17.73 | −54% |
| Wynn Resorts, Limited WYNN | $84.23 | $71.06 | −16% |
| Red Rock Resorts, Inc RRR | $52.79 | $16.52 | −69% |
| Boyd Gaming Corporation BYD | $75.60 | $144.08 | +91% |
| Caesars Entertainment, Inc CZR | $29.67 | $35.50 | +20% |
| Genting Singapore Limited G13 | 0.6150 SGD | 0.5600 SGD | −9% |
| Vail Resorts, Inc MTN | $140.12 | $154.13 | +10% |
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Key figures of Melco International Development Ltd
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