EN DE

Melco International Development Limited (MDEVY) Fair Value & Analysis

Consumer Cyclical · US · Market cap $1.0B · ISIN US58547M1099

What is Melco International Development Limited really worth?

MI Melco International Development Limited logo Melco International Development Limited MDEVY · US
Price from Aug 21, 2026$2.40
Fair Value$5.84
Upside+143.3%
Quality45/100

Below-average quality, trading 59% below our fair value of $5.84.

Watch Melco International Development Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

✓Ranks above peers (7/11)

Risks

!Mixed Growth (revenue 5y −4.3 %/yr)
!Thin margins · 2.6% net margin
!High debt · generates free cash flow
!Moderate moat 49/100
!Evidence only medium, so the estimate is less certain
!The models disagree: range $4.16 to $15.20
Evidence: Medium Range $4.16 – $15.20

Fair value as of: Aug 21, 2026

From 23 valuation models · updated 12 days ago

Share price +6.7% over the past month.

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 →

What matters now

  • The price is below even our cautious bear case ($4.16). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide ($4.16 to $15.20). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

$3.47 $1.08 Fair Value $5.84 Sep 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

59‑month range $1.08 – $3.47 · fair‑value band $4.16 – $15.20 · the $2.40 price screens below the $5.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Melco International Development Limited (MDEVY) currently trades at $2.40, while our model-based Fair Value estimate is $5.84, implying the stock looks roughly 58.9% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the Multiples group reads highest at a median of $51.09 per share, and 21 of the 23 models we run sit above the $2.40 price. Bear case: the Asset-Based group reads lowest at $2.81, and 2 of the 23 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Melco International Development Limited generated revenue of $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 $51.2B. Fundamentals as of Aug 21, 2026

Our scenario range runs from $4.16 (bear case) to $15.20 (bull case); at $2.40, the current price sits below 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. The share trades about 33% below its 52-week high and 40% 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 143%, MDEVY screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.2081 per share, which is 3.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Owner Earnings — $55.87 $212.74 71
Growth DCF $104.98 $259.77 $502.98 71
FCF DCF $119.32 $223.60 $535.26 70
All 23 models by family
DCF Models
FCF DCF $119.32 $223.60 $535.26 70
Owner Earnings — $55.87 $212.74 71
5Y Revenue Exit — $45.67 $141.22 67
5Y EBITDA Exit $97.84 $245.69 $535.15 66
5Y P/E Exit — $59.56 $142.62 65
10Y Revenue Exit $38.35 $141.39 $185.74 63
10Y EBITDA Exit $106.14 $335.89 $726.84 60
10Y P/E Exit $35.40 $127.65 $258.66 56
Earnings-Based
Graham-Dodd $15.79 $110.12 $154.53 61
Lynch FV $56.89 $81.27 $105.65 59
PEG = 1.0 $56.89 $81.27 $105.65 55
Dividend Discount
Gordon GGM $0.2600 $0.4700 $0.6500 65
DDM Multi-Stage $0.2600 $0.4300 $0.5000 65
Multiples
P/E Multiple $38.31 $51.09 $63.86 63
P/S Multiple $29.61 $39.48 $49.34 58
P/B Multiple $12.56 $16.75 $20.93 55
EV/EBIT $49.09 $101.29 $153.48 62
EV/EBITDA $84.40 $148.37 $212.33 65
Asset-Based
NCAV (Graham) $2.09 $2.81 $4.19 54
Growth DCF
Growth DCF $104.98 $259.77 $502.98 71
Rev-Margin DCF $7.96 $68.08 $196.12 60
Economic Profit
Residual Income $23.81 $50.74 $1,827 61
Growth Earnings
Growth-Adj P/E $75.52 $107.88 $140.25 65

Widest divergence: DCF Models ($127.65) versus Dividend Discount ($0.4300). Highest evidence: Owner Earnings (71).

Notify me when MDEVY reaches fair value

Put MDEVY on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 7.7
P/S ratio 0.33 P/E × margin
EPS (TTM) $0.3100 price ÷ EPS = P/E 7.7
Net margin 4.3% FY2025
Return on equity 17.2% TTM
Return on assets (EBIT) −0.5% avg 5y
More key figures
Profitability
Operating margin 13.2% TTM
Growth
Revenue (TTM) $40.2B TTM
Revenue growth (YoY) +10.2% 3y avg +32.3%
Balance sheet & cash flow
Free cash flow $7.6B FY2025
Net debt $51.2B FY2025 · ≈ 6.8 yrs of FCF

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 31

Profitability 38
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 91
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 0
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

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$15.6B in FY2021, a compound +11.9%/yr. Reported net income was HK$1.1B in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$24.5B
Avg. revenue 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.
+32.2%
Avg. revenue 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.
−4.3%
Avg. revenue growth/yr (24Y) ⓘ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.
+27.4%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+1.4% (1.4 + 0.0)
Revenue +11.9%/yr
FY21 HK$15.6B
FY22 HK$10.6B
FY23 HK$29.5B
FY24 HK$36.2B
FY25 HK$24.5B
Net income
FY21 −HK$3.8B
FY22 −HK$5.1B
FY23 −HK$1.7B
FY24 −HK$785M
FY25 HK$1.1B

Watch MDEVY: get an alert when its fair value changes →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

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.

Melco International Development Limited · Fair Value
$5.84 +59%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Melco International Development Limited Fair Value". https://www.fairvalue-calculator.com/stock/MDEVY

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 45 · Below median
Fair Value upside +143% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 13% · Above median
Revenue growth 10% · Above median
Dividend yield (TTM) 28.4% · Top 25%
Debt / equity 29.99× · Higher than 75% of peers

Valuation Multiples vs Resorts & Casinos median · lower = cheaper

P/E (TTM) 7.7× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 33
FUTURE51 · sector 27
PAST69 · sector 16
HEALTH0 · sector 83
DIVIDEND0 · sector 58

Insider activity: 45/100

Values & ESG

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

Gambling

Similar stocks

10 more Resorts & Casinos stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
Las Vegas Sands Corp LVS $46.23 $51.60 +12%
Galaxy Entertainment Group 0027 HK$33.86 HK$40.46 +19%
Sands China Ltd 1928 HK$14.45 HK$19.10 +32%
MGM Resorts International, through its subsidiaries, MGM $42.28 $17.73 −58%
Wynn Resorts, Limited WYNN $102.97 $69.39 −33%
Red Rock Resorts, Inc RRR $58.40 $18.01 −69%
Boyd Gaming Corporation BYD $80.63 $151.24 +88%
Caesars Entertainment, Inc CZR $29.63 $80.92 +173%
Genting Singapore Limited G13 0.6700 SGD 0.6900 SGD +3%
Vail Resorts, Inc MTN $148.36 $132.94 −10%

Compare Melco International Development Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Fama-French 3-Factor Model Calculator Run the Fama-French 3-factor model in seconds: expected return from the market, size and value factors - free, with formula, betas and an example. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Melco International Development Limited (MDEVY) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of $5.84 versus the last price from Aug 21, 2026 of $2.40, about +143% upside (undervalued).
What is the fair value of MDEVY?
Our model-based fair value for Melco International Development Limited is $5.84 (as of Aug 21, 2026), built from audited fundamentals. Last price (from Aug 21, 2026): $2.40.
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 revenue of Melco International Development Limited (MDEVY)?
Melco International Development Limited reported trailing-twelve-month revenue of about $40.2B (latest available figure, as of Aug 21, 2026).
What is the net profit margin of MDEVY?
The net profit margin of Melco International Development Limited is about 2.6%, meaning it keeps roughly 2.6% of revenue as net income. Based on the latest reported figures.
Free · no account needed

Watch Melco International Development Limited in the live analysis

One click puts Melco International Development Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.