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Employees: 22,972
Size Melco International Development (0200.HK) is a Hong Kong Consumer Discretionary company (Casinos/Gaming) with a market value of $695M, the 676th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.40 on 6 Nov 2026.
Performance Over six months the shares fell 42.3%, against -6.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 13 in its peer set.
Growth Revenue grew 6.6% over the last twelve months (peer median +3.3%); the operating margin is 20.7% (peer median 11.1%).
Valuation It trades at 5.9× forward earnings against a peer median of 11.5× (cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -32 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.0 points above its cost of capital (5.4% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$25.0B | HK$24.6B | HK$22.0B | HK$17.9B | HK$6.73B |
| Revenue growth | — | +12% | +23% | +165% | — |
| Gross profit | HK$10.6B | HK$11.1B | HK$9.15B | HK$6.26B | -HK$3.24B |
| EBITDA | HK$9.68B | HK$9.71B | HK$8.09B | HK$6.24B | -HK$1.59B |
| Net income | HK$1.02B | HK$1.06B | -HK$785M | -HK$1.74B | -HK$5.11B |
| Free cash flow | HK$4.33B | HK$4.37B | HK$3.19B | HK$2.87B | -HK$9.42B |
| Capital expenditure | HK$2.38B | HK$2.67B | HK$2.36B | HK$1.88B | HK$4.32B |
| Total debt | n/a | HK$59.5B | HK$63.1B | HK$65.9B | HK$74.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0200.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.5% | -0.1% | 2nd lowest of 13 |
| 6-month return | -42.3% | -6.8% | lowest of 13 |
| Distance from 52-week high | -55.5% | -25.0% | 2nd lowest of 13 |
| Revenue growth (TTM) | +6.6% | +3.3% | 5th highest of 13 |
| Operating margin | 20.7% | 11.1% | 4th highest of 13 |
| Forward P/E | 5.9× | 11.5× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -4.9% | -9.3% | 2nd most demanding of 5 |
| Growth delivered (Del g) | +26.6% | +11.0% | highest of 5 |
| Hurdle (Req g minus delivered) | -31.6 pp | -17.0 pp | 2nd least demanding of 5 |
| ROIC minus cost of capital | +1.0 pp | -0.5 pp | 6th highest of 13 |
| EV / EBITDA | 6.7× | 7.0× | 6th cheapest of 11 |
| Net debt / EBITDA | 5.3× | 2.7× | 3rd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Melco International Development 0200.HK | Hong Kong | $695M | -42% | +7% | 21% | 5.9× | -4.9% | +26.6% |
| Star Entertainment SGR.AX | Australia | $724M | +48% | -9% | -30% | n/a | n/a | n/a |
| GENDA 9166.T | Japan | $754M | +20% | +47% | 3% | 16.4× | n/a | n/a |
| Bally's BALY | United States | $625M | -4% | +20% | 0% | n/a | n/a | n/a |
| Paradise 034230.KS | South Korea | $620M | -39% | +8% | 11% | 11.5× | n/a | n/a |
| Tokyotokeiba 9672.T | Japan | $868M | -11% | +3% | 37% | 11.7× | -10.8% | +7.7% |
| Grand Korea Leisure 114090.KS | South Korea | $373M | -32% | +8% | 11% | 9.3× | n/a | n/a |
| Betsson BETS-B.ST | Sweden | $1.34B | +10% | 0% | 14% | 10.4× | -18.0% | +15.7% |
| Mars 6419.T | Japan | $346M | +16% | -10% | 25% | n/a | n/a | n/a |
| Pollard Banknote PBL.TO | Canada | $315M | -10% | +4% | -1% | 8.9× | -7.9% | +7.6% |
| Brightstar Lottery BRSL | United States | $1.82B | -24% | +1% | 25% | 15.2× | n/a | n/a |
| Kangwonland 035250.KS | South Korea | $2.13B | -16% | +2% | 15% | 11.0× | n/a | n/a |
| PENN Entertainment PENN | United States | $2.34B | +4% | +6% | 6% | 12.3× | 15.2% | +14.2% |