Melco International Development Limited (0200) Fair Value & Analysis
Consumer Cyclical · HK · Market cap HK$7.1B
Fair value as of: Aug 2, 2026
From 24 valuation models · updated 3 days ago
Share price +5.4% over the past month.
Below-average quality, screening 109% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (HK$5.55). The market is more pessimistic than our downside scenario.
- The model range is unusually wide (HK$5.55 to HK$20.30). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.
How to read this chart
60‑month range HK$2.42 – HK$12.94 · fair‑value band HK$5.55 – HK$20.30 · the HK$3.53 price screens below the HK$7.39 fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Melco International Development Limited (0200) currently trades at HK$3.53, while our model-based Fair Value estimate is HK$7.39, implying the stock looks roughly 109.4% undervalued today. We read business quality at 36/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Melco International Development Limited generated revenue of HK$40.2B at a net margin of 2.6%. Revenue grew 10.2% year over year. It earns a return on equity of 17.2%. Net debt stands at HK$51.2B. Fundamentals as of Aug 2, 2026
Our scenario range runs from HK$5.55 (bear case) to HK$20.30 (bull case); at HK$3.53, the current price sits below that range. The share trades about 45% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 12% fair-value upside, at 109%, 0200 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Growth DCF (HK$33.50) versus Economic Profit (HK$0.5200). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 25
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Melco International Development Limited 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.
Watch 0200: get an alert when its fair value changes →
Peer Group
Resorts & Casinos · 79 stocks
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.
Valuation Multiples vs Resorts & Casinos median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Las Vegas Sands Corp LVS | $44.79 | $52.27 | +17% |
| Galaxy Entertainment Group 0027 | HK$34.20 | HK$41.44 | +21% |
| Sands China Ltd 1928 | HK$13.08 | HK$2.05 | -84% |
| MGM Resorts International, through its subsidiaries, MGM | $46.13 | $13.70 | -70% |
| Wynn Resorts, Limited WYNN | $97.05 | $69.39 | -29% |
| Red Rock Resorts, Inc RRR | $64.75 | $17.09 | -74% |
| Boyd Gaming Corporation BYD | $87.64 | $151.24 | +73% |
| Caesars Entertainment, Inc CZR | $29.91 | $80.92 | +171% |
| Genting Singapore Limited G13 | 0.6150 SGD | 0.6900 SGD | +12% |
| Vail Resorts, Inc MTN | $150.14 | $125.02 | -17% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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