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Macau Legend Development Ltd (1680) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$77.0M

ML Macau Legend Development Ltd 1680 · HK
PriceHK$0.1070
Fair ValueHK$0.1144
Upside+6.9%
Quality30/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 0/100
Evidence: Low Range HK$0.0856 – HK$0.1712 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$0.1168 to HK$0.1144 (−2.1%) since Aug 5, 2026. Share price −0.9% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (HK$0.0856 to HK$0.1712) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

HK$10.55 HK$0.1000 Fair Value HK$0.1144 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.1000 – HK$10.55 · fair‑value band HK$0.0856 – HK$0.1712 · the HK$0.1070 price screens below the HK$0.1144 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Macau Legend Development Ltd (1680) currently trades at HK$0.1070, while our model-based Fair Value estimate is HK$0.1144, implying the stock looks roughly 6.9% fairly valued today. The Quality Score stands at 30/100 (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: low), always confirm before acting.

Trailing-twelve-month revenue stands at HK$359M. Revenue declined 50.0% year over year. It earns a return on equity of -67.0%. Net debt stands at HK$2.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.0856 (bear case) to HK$0.1712 (bull case); at HK$0.1070, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at 7%, 1680 screens richer 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) HK$1.06 HK$1.42 HK$2.12 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$1.06 HK$1.42 HK$2.12 50

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Key figures & financial health

Revenue (TTM) HK$359M
Revenue growth (YoY) -50.0%
Return on equity -67.0%
Free cash flow −HK$9.8M FY2025
Operating margin -68.6%
EPS (TTM) HK$-2.31
More key figures
Net debt HK$2.5B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 30 · Market factors (momentum, volatility) 15

Profitability 0
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 16
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 78
Buybacks instead of dilution

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

Macau Legend Development Limited, an investment holding company, operates entertainment and casino gaming services in Macau. The company operates through Gaming and Non-Gaming segments. Its properties include Macau Fisherman's Wharf, a waterfront integrated gaming, hotel, convention, and entertainment complex located on Macau Peninsula.

Full company description

Macau Legend Development Limited, an investment holding company, operates entertainment and casino gaming services in Macau. The company operates through Gaming and Non-Gaming segments. Its properties include Macau Fisherman's Wharf, a waterfront integrated gaming, hotel, convention, and entertainment complex located on Macau Peninsula. The company also provides gaming related facilities and gaming related general management services, as well as operates entertainment and leisure facilities. In addition, it offers building management, food and beverage, and other services; and retails clothing, footwear, and accessories. The company was founded in 1997 and is headquartered in Macau, Macau.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Macau Legend Development Ltd reported revenue of HK$359M in FY2025 versus HK$1.1B in FY2021, a compound −25.0%/yr. Reported net income was −HK$1.6B in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$359M
Latest YoY
−53.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−20.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−12.5%
Avg. growth/yr (15Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−7.2%
Revenue −25.0%/yr
FY21 HK$1.1B
FY22 HK$712M
FY23 HK$902M
FY24 HK$771M
FY25 HK$359M
Net income
FY21 −HK$1.2B
FY22 −HK$607M
FY23 −HK$4.9M
FY24 −HK$623M
FY25 −HK$1.6B

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Cite: Fair Value Calculator (2026). "Macau Legend Development Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1680

Peer Group

Resorts & Casinos · 75 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.

Quality Score 30 · Bottom 25%
Fair Value upside +3% · Above median
Return on assets -3% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) -69% · Bottom 25%
Revenue growth -50% · Bottom 25%

Valuation Multiples vs Resorts & Casinos median · lower = cheaper

P/S (TTM) 0.03× · Cheaper than 75% of peers

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.

VALUE 37 · sector 26
FUTURE 0 · sector 32
PAST 0 · sector 20
HEALTH 100 · sector 84
DIVIDEND 0 · sector 53

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Gambling

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 13, 2026).

Stock Price Fair Value vs Fair Value
Las Vegas Sands Corp LVS $45.68 $51.60 +13%
Galaxy Entertainment Group 0027 HK$34.20 HK$40.46 +18%
Sands China Ltd 1928 HK$14.34 HK$2.05 -86%
MGM Resorts International, through its subsidiaries, MGM $43.98 $17.73 -60%
Wynn Resorts, Limited WYNN $102.97 $69.39 -33%
Red Rock Resorts, Inc RRR $63.09 $18.01 -71%
Boyd Gaming Corporation BYD $82.98 $151.24 +82%
Caesars Entertainment, Inc CZR $29.74 $80.92 +172%
Genting Singapore Limited G13 0.6400 SGD 0.6900 SGD +8%
Vail Resorts, Inc MTN $148.36 $132.94 -10%

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Frequently asked questions

Is Macau Legend Development Ltd (1680) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1144 versus a price of HK$0.1070, about +7% (fairly valued).
What is the fair value of 1680?
Our model-based fair value for Macau Legend Development Ltd is HK$0.1144 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.1070.
What is the quality score of 1680?
Macau Legend Development Ltd has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Macau Legend Development Ltd (1680)?
Macau Legend Development Ltd reported trailing-twelve-month revenue of about HK$359M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1680?
The net profit margin of Macau Legend Development Ltd is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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