Melco International Development Limited (MDEVY) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Melco International Development Limited stock $4.38, price $1.46, upside +200.0%, quality 45 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 20, 2026.
How to read this chart
60‑month range $1.08 – $3.47 · fair‑value band $3.03 – $5.69 · the $1.46 price screens below the $4.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 20, 2026.
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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.
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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 Limited (MDEVY) currently trades at $1.46, while our model-based Fair Value estimate is $4.38, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $21.81 per share, and 19 of the 19 models we run sit above the $1.46 price.
Bear case: the Economic Profit group reads lowest at $2.96, and 0 of the 19 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $3.03 (bear) to $5.69 (bull), the price of $1.46 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 45/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Melco International Development Limited reported revenue of HK$24.5B in FY2025 versus HK$15.6B in FY2021, a compound +11.9%/yr. Reported net income was HK$1.1B in FY2025.
Key figures
Market cap $1.1B Small · P/E ratio 5.2 · P/S ratio 0.22 · EPS (TTM) $0.2800 · Net margin 4.3% · Return on equity 17.3% · Return on assets (EBIT) −0.5% · Operating margin 12.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 53% 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 200%, MDEVY screens cheaper than that median.
Fair Value models
Bear$3.03Fair Value $4.38Bull$5.69
Price $1.46 · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.2271 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.Coverage ⓘCoverage = 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.
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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
+32.2%
Revenue growth 5 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.
−4.3%
Revenue growth 24 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.
+27.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+1.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.4%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1.4% vs −6.4%, picking up
Profit margin 2020 to 2025 ⓘ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.−61% → 22%
Compare Melco International Development Limited with another stock
Price, fair value, quality and upside side by side.
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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 · 71 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Profitability
Return on equity (12 months)17.3% · Top 25%
Return on assets1.3% · Below median
Net margin (12 months)2.5% · Below median
Operating margin (12 months)12.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)2.7% · Below median
Dividend yield (12 months)28.4% · Top 25%
Balance sheet
Debt / equity29.99× · Highest 25%
Valuation Multiplesvs Resorts & Casinos median · lower = cheaper
P/E (12 months)5.2× · Cheapest 25%
P/B4.59× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Melco International Development Limited Fair Value". https://www.fairvalue-calculator.com/stock/MDEVY
Frequently asked questions
Is Melco International Development Limited (MDEVY) overvalued or undervalued?
As of Oct 20, 2026, our model estimates a fair value of $4.38 versus a price of $1.46, about +200% upside (undervalued).
What is the fair value of MDEVY?
Our model-based fair value for Melco International Development Limited is $4.38 (as of Oct 20, 2026), built from audited fundamentals. The current price: $1.46.
What is the quality score of MDEVY?
Melco International Development Limited has a Quality Score of 45/100. 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 International Development Limited (MDEVY)?
Our model-based price target is the fair value of $4.38 (as of Oct 20, 2026) from 21 valuation models. Cautious scenario $3.03, optimistic scenario $5.69. It is a calculation from audited fundamentals, not an analyst target.
What is the Melco International Development Limited stock forecast for 2026?
Our models put fair value at $4.38, about +200% upside versus a price of $1.46 (undervalued). Cautious scenario $3.03, optimistic scenario $5.69. The calculation is refreshed regularly with new filings.
What is the revenue of Melco International Development Limited (MDEVY)?
Melco International Development Limited reported trailing-twelve-month revenue of about HK$40.8B (latest available figure, as of Oct 20, 2026).
What is the intrinsic value of Melco International Development Limited (MDEVY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Melco International Development Limited it is $4.38 per share (as of Oct 20, 2026), against a price of $1.46. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Melco International Development Limited stock overvalued or undervalued in 2026?
As of Oct 20, 2026, MDEVY trades below its calculated fair value: price $1.46, fair value $4.38, a gap of about +200% (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 MDEVY?
No. The price is what the market pays today ($1.46); the fair value is what the company's own numbers justify ($4.38). For Melco International Development Limited the two are $2.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is Melco International Development Limited worth?
The market values Melco International Development Limited at about $1.1B (market capitalisation, as of Oct 20, 2026). Per share that is $1.46; our models calculate a fair value of $4.38 per share.
What do the bullish and bearish scenarios say about MDEVY?
Our models span a range for Melco International Development Limited: cautious scenario $3.03, base $4.38, optimistic $5.69 per share (as of Oct 20, 2026, price $1.46). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MDEVY?
Melco International Development Limited trades at a price-to-earnings ratio of 5.2 (as of Oct 20, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $4.38 is built from several models across several years. Other multiples: P/B 4.6, P/S 0.2, EV/EBITDA 6.2.
How solid is the balance sheet of Melco International Development Limited (MDEVY)?
Balance-sheet figures for Melco International Development Limited (as of Oct 20, 2026): return on equity 17.3%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is MDEVY from its 52-week high?
Melco International Development Limited trades at $1.46, about 53% below its 52-week high of $3.10 and at the low of $1.46 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of $4.38 is for.
Which stocks are comparable to Melco International Development 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 International Development Limited stock attractive at the current price?
The data as of Oct 20, 2026: price $1.46, calculated fair value $4.38 (+200%), Quality Score 45/100, from 21 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 MDEVY calculated?
We run Melco International Development Limited through 21 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 $4.38, 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 13.2 % above its aggregate fair value. Melco International Development Limited currently trades 67 % 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 International Development Limited (MDEVY)?
The closing price on Oct 22, 2026 was $1.46. Our model-based fair value is $4.38, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Melco International Development Limited right now?
The price is below even our cautious bear case ($3.03). The market is more pessimistic than our downside scenario. Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($3.03 to $5.69) leaves room in how you read the outcome.
Key figures of Melco International Development Limited
How large is the market capitalisation of Melco International Development Limited (MDEVY)?
The market capitalisation of Melco International Development Limited is $1.1B. 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/S ratio of Melco International Development Limited (MDEVY)?
The price-to-sales ratio of Melco International Development Limited is 0.22 (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 International Development Limited (MDEVY)?
Earnings per share at Melco International Development Limited are $0.2800 (price ÷ EPS = P/E 5.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Melco International Development Limited (MDEVY)?
The net margin of Melco International Development Limited is 4.3% (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 return on equity of Melco International Development Limited (MDEVY)?
The return on equity (ROE) of Melco International Development Limited is 17.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Melco International Development Limited (MDEVY)?
On an EBIT basis the return on assets of Melco International Development Limited is −0.5% (avg 5y). 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 International Development Limited (MDEVY)?
The operating margin of Melco International Development Limited is 12.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Melco International Development Limited (MDEVY)?
Revenue at Melco International Development Limited is growing +2.7% versus a year earlier (3y avg +32.3%). 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 International Development Limited (MDEVY)?
Earnings per share at Melco International Development Limited are growing −25.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Melco International Development Limited (MDEVY) generate?
The free cash flow of Melco International Development Limited is HK$7.6B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Melco International Development Limited (MDEVY) carry?
The net debt of Melco International Development Limited is HK$51.2B (fiscal year 2025, ≈ 6.8 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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Oct 20, 2026