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Melco Resorts & Entertainment Limited (M1LC34) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Melco Resorts & Entertainment Limited BRL 24.34, price BRL 11.56, upside +110.6%, quality 66 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Consumer Cyclical · BR · ISIN US5854641009

MR Broad data Sep 23, 2026

Melco Resorts & Entertainment Limited

M1LC34 · SA

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value R$24.34 · Strongly undervalued (+110.6%)
✓Quality 66/100
✓Healthy Growth (revenue 3y +56.4 %/yr)
!Thin margins · 4.3% net margin (TTM)
✓Negative equity (buybacks among others) · generates free cash flow
!Narrow moat 43/100

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

R$43.00 R$11.56 Fair Value R$24.34 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range R$11.56 – R$43.00 · fair‑value band R$8.38 – R$36.54 · the R$11.56 price screens below the R$24.34 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Macau, the Philippines, Cyprus, and internationally. It operates through City of Dreams, Studio City, Altira Macau, Mocha, City of Dreams Manila, City of Dreams Mediterranean and Other, Other Operations, and Corporate and Other segments.

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Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Macau, the Philippines, Cyprus, and internationally. It operates through City of Dreams, Studio City, Altira Macau, Mocha, City of Dreams Manila, City of Dreams Mediterranean and Other, Other Operations, and Corporate and Other segments. The company owns and operates City of Dreams, an integrated resort that has gaming tables and gaming machines; suites and villas; food and beverage outlets; retail outlets; a wet stage performance theater; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spas and salons, and banquet and meeting facilities in Cotai, Macau. It also operates Studio City, a cinematically themed integrated resort with gaming facilities, hotel, entertainment, retail, and food and beverage outlets in Cotai, Macau; and Altira Macau, an integrated resort, which offers gaming tables and gaming machines, hotel rooms, dining and casual restaurants, and recreation and leisure facilities in Taipa, Macau. In addition, the company owns and operates Mocha Clubs, which are clubs with gaming machines in Macau; City of Dreams Manila, an integrated resort in the Entertainment City complex in Manila; City of Dreams Mediterranean, an integrated resort in Limassol, Cyprus; and three satellite casinos in Nicosia, Ayia Napa, and Paphos in Cyprus. Further, it is involved in the operation of the Sri Lanka Casino and management of Nüwa Sri Lanka located in City of Dreams Sri Lanka, as well as development projects in other countries. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was founded in 2003 and is based in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.

Stock analysis

Melco Resorts & Entertainment Limited (M1LC34) currently trades at R$11.56, while our model-based Fair Value estimate is R$24.34, implying the stock looks roughly 52.5% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of R$29.94 per share, and 15 of the 19 models we run sit above the R$11.56 price.

Bear case: the Multiples group reads lowest at R$8.67, and 4 of the 19 models stay below the price. Evidence for this calculation is high.

Scenario range: R$8.38 (bear) to R$36.54 (bull), the price of R$11.56 sits inside 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 66/100 (solid quality), in the Consumer Cyclical sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Melco Resorts & Entertainment Limited reported revenue of $5.2B in FY2025 versus $1.3B in FY2022, a compound +56.4%/yr. Reported net income was $185M in FY2025.

Key figures

Market cap R$31.9B (≈ $6.1B) · P/E ratio 23.1 · P/S ratio 0.83 · EPS (TTM) R$0.5000 · Net margin 3.6% · Return on assets (EBIT) 1.7% · Operating margin 13.1% · Revenue (TTM) $5.3B.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).

What moves the price

The share trades about 55% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at 47% fair-value upside, at 111%, M1LC34 screens cheaper than that median.

Fair Value models

Bear R$8.38 Fair Value R$24.34 Bull R$36.54
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (R$0.3781 per share) are deliberately not added. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF R$17.24 R$33.46 R$84.06 69
Growth DCF R$15.41 R$37.93 R$82.02 69
5Y EBITDA Exit R$12.79 R$31.71 R$68.79 66
All 20 models by family
DCF Models
FCF DCF R$17.24 R$33.46 R$84.06 69
Owner Earnings R$12.26 R$42.78 R$104.49 64
5Y Revenue Exit R$5.44 R$16.85 R$40.57 62
5Y EBITDA Exit R$12.79 R$31.71 R$68.79 66
5Y P/E Exit R$0.8200 R$11.89 R$25.99 60
10Y Revenue Exit R$8.74 R$29.94 R$42.00 62
10Y EBITDA Exit R$14.52 R$45.41 R$98.42 59
10Y P/E Exit R$5.97 R$20.21 R$41.34 56
Earnings-Based
Graham-Dodd R$2.82 R$19.67 R$27.60 60
Lynch FV R$8.58 R$12.26 R$15.94 58
PEG = 1.0 R$8.58 R$12.26 R$15.94 55
Multiples
P/E Multiple R$6.84 R$9.13 R$11.41 63
P/S Multiple R$5.29 R$7.05 R$8.81 58
EV/EBIT R$3.30 R$8.67 R$14.05 61
EV/EBITDA R$10.23 R$17.92 R$25.61 65
EV/Revenue n/a R$4.64 R$9.88 50
Growth DCF
Growth DCF R$15.41 R$37.93 R$82.02 69
Rev-Margin DCF R$6.40 R$21.15 R$50.44 62
Economic Profit
ROIC Compounder n/a n/a R$3.42 65
Growth Earnings
Growth-Adj P/E R$10.76 R$15.37 R$19.98 65

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Quality Score breakdown

Overall quality 66/100

Of which business quality 62 · Market factors (momentum, volatility) 22

Profitability 37
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 100
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+11.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+56.4%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−55.0% (2022) → 11.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed

Growth Forecast

A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+11.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +8.5% a year for the price and +1.7% for the forecasts.
Forecast 2026 (sales)+3.9%
Forecast 2027 (sales)+4.7%
Projected 2028 (sales)+4.4%
Projected 2029 (sales)+4.1%
Projected 2030 (sales)+3.7%

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Values & ESG

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Gambling

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 $38.78 $55.26 +42%
Galaxy Entertainment Group 0027 HK$31.70 HK$46.74 +47%
Sands China Ltd 1928 HK$11.91 HK$18.87 +58%
Wynn Resorts, Limited WYNN $81.12 $147.69 +82%
MGM Resorts International, through its subsidiaries, MGM $30.47 $18.04 −41%
Caesars Entertainment, Inc CZR $29.59 $80.89 +173%
Genting Singapore Limited G13 0.6150 SGD 0.5600 SGD −9%
Red Rock Resorts, Inc RRR $50.76 $31.15 −39%
Boyd Gaming Corporation BYD $71.23 $130.75 +84%
Vail Resorts, Inc MTN $136.11 $152.57 +12%

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Melco Resorts & Entertainment Limited · Fair Value
R$24.34 +53%Fair Value
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Cite: Fair Value Calculator (2026). "Melco Resorts & Entertainment Limited Fair Value". https://www.fairvalue-calculator.com/stock/M1LC34

Frequently asked questions

Is Melco Resorts & Entertainment Limited (M1LC34) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of R$24.34 versus a price of R$11.56, about +111% upside (undervalued).
What is the fair value of M1LC34?
Our model-based fair value for Melco Resorts & Entertainment Limited is R$24.34 (as of Sep 23, 2026), built from audited fundamentals. The current price: R$11.56.
What is the quality score of M1LC34?
Melco Resorts & Entertainment Limited has a Quality Score of 66/100. 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 price target for Melco Resorts & Entertainment Limited (M1LC34)?
Our model-based price target is the fair value of R$24.34 (as of Sep 23, 2026) from 20 valuation models. Cautious scenario R$8.38, optimistic scenario R$36.54. It is a calculation from audited fundamentals, not an analyst target.
What is the Melco Resorts & Entertainment Limited stock forecast for 2026?
Our models put fair value at R$24.34, about +111% upside versus a price of R$11.56 (undervalued). Cautious scenario R$8.38, optimistic scenario R$36.54. The calculation is refreshed regularly with new filings.
What is the revenue of Melco Resorts & Entertainment Limited (M1LC34)?
Melco Resorts & Entertainment Limited reported trailing-twelve-month revenue of about $5.3B (latest available figure, as of Sep 23, 2026).
What growth is priced into Melco Resorts & Entertainment Limited (M1LC34)?
For today's price to be fair in a discounted-cash-flow model, Melco Resorts & Entertainment Limited would have to grow free cash flow by +11.1 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +56.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of M1LC34 use?
Our models discount Melco Resorts & Entertainment Limited at 11.4 %: a base by market capitalisation (mid), damped by beta 0.58, country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Melco Resorts & Entertainment Limited that is +11.1 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Melco Resorts & Entertainment Limited (M1LC34) delivered so far?
Over the past 3 years revenue at Melco Resorts & Entertainment Limited grew +56.4 % a year. The price currently implies +11.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Melco Resorts & Entertainment Limited (M1LC34) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Melco Resorts & Entertainment Limited (+11.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Melco Resorts & Entertainment Limited (M1LC34)?
The free-cash-flow yield on the price is 18.35 %: that much free cash flow Melco Resorts & Entertainment Limited produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Melco Resorts & Entertainment Limited (M1LC34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Melco Resorts & Entertainment Limited it is R$24.34 per share (as of Sep 23, 2026), against a price of R$11.56. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is Melco Resorts & Entertainment Limited stock overvalued or undervalued in 2026?
As of Sep 23, 2026, M1LC34 trades below its calculated fair value: price R$11.56, fair value R$24.34, a gap of about +111% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of M1LC34?
No. The price is what the market pays today (R$11.56); the fair value is what the company's own numbers justify (R$24.34). For Melco Resorts & Entertainment Limited the two are R$12.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Melco Resorts & Entertainment Limited worth?
The market values Melco Resorts & Entertainment Limited at about R$31.9B (market capitalisation, as of Sep 23, 2026). Per share that is R$11.56; our models calculate a fair value of R$24.34 per share.
What do the bullish and bearish scenarios say about M1LC34?
Our models span a range for Melco Resorts & Entertainment Limited: cautious scenario R$8.38, base R$24.34, optimistic R$36.54 per share (as of Sep 23, 2026, price R$11.56). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is M1LC34 from its 52-week high?
Melco Resorts & Entertainment Limited trades at R$11.56, about 55% below its 52-week high of R$25.50 and at the low of R$11.56 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of R$24.34 is for.
Which stocks are comparable to Melco Resorts & Entertainment Limited?
From the same area (Consumer Cyclical) we also value Las Vegas Sands Corp, Galaxy Entertainment Group, Sands China Ltd, Wynn Resorts, Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Melco Resorts & Entertainment Limited stock attractive at the current price?
The data as of Sep 23, 2026: price R$11.56, calculated fair value R$24.34 (+111%), Quality Score 66/100, from 20 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of M1LC34 calculated?
We run Melco Resorts & Entertainment Limited through 20 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$24.34, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Melco Resorts & Entertainment Limited currently trades 53 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Melco Resorts & Entertainment Limited (M1LC34)?
The closing price on Oct 1, 2026 was R$11.56. Our model-based fair value is R$24.34, about +111% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Melco Resorts & Entertainment Limited right now?
The model range is unusually wide (R$8.38 to R$36.54). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Melco Resorts & Entertainment Limited

How large is the market capitalisation of Melco Resorts & Entertainment Limited (M1LC34)?
The market capitalisation of Melco Resorts & Entertainment Limited is R$31.9B (≈ $6.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Melco Resorts & Entertainment Limited (M1LC34)?
The price-to-earnings ratio of Melco Resorts & Entertainment Limited is 23.1. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Melco Resorts & Entertainment Limited (M1LC34)?
The price-to-sales ratio of Melco Resorts & Entertainment Limited is 0.83 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Melco Resorts & Entertainment Limited (M1LC34)?
Earnings per share at Melco Resorts & Entertainment Limited are R$0.5000 (price ÷ EPS = P/E 23.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Melco Resorts & Entertainment Limited (M1LC34)?
The net margin of Melco Resorts & Entertainment Limited is 3.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Melco Resorts & Entertainment Limited (M1LC34)?
On an EBIT basis the return on assets of Melco Resorts & Entertainment Limited is 1.7% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Melco Resorts & Entertainment Limited (M1LC34)?
The operating margin of Melco Resorts & Entertainment Limited is 13.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Melco Resorts & Entertainment Limited (M1LC34)?
Revenue at Melco Resorts & Entertainment Limited is growing +10.9% versus a year earlier (3y avg +56.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Melco Resorts & Entertainment Limited (M1LC34)?
Earnings per share at Melco Resorts & Entertainment Limited are growing +150% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Melco Resorts & Entertainment Limited (M1LC34) carry?
The net debt of Melco Resorts & Entertainment Limited is $5.7B (fiscal year 2025, ≈ 12.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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