Company Valuation: Studio City International Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,099 493.5 1,148 1,248 1,088 683.7
Change - -55.1% 132.59% 8.72% -12.81% -37.17%
Enterprise Value (EV) 1 2,127 2,097 3,087 3,368 3,138 2,613
Change - -1.37% 47.2% 9.1% -6.85% -16.72%
P/E -2.69x -1.95x -3.23x -9.35x -11.2x -11.6x
PBR 1.04x 0.63x 1.43x 1.87x 1.84x 1.31x
PEG - 0.1x 0.1x 0.1x 0.4x 0.3x
Capitalization / Revenue 22.3x 4.62x 99.4x 2.8x 1.7x 0.98x
EV / Revenue 43.2x 19.6x 267x 7.56x 4.91x 3.76x
EV / EBITDA -17.8x -34.3x -19.9x 24.6x 13x 9.31x
EV / EBIT -7.7x -11.3x -11.1x -122x 80.6x 36.4x
EV / FCF -16.2x -5.42x -5.7x -15.5x 27.6x 16.6x
FCF Yield -6.16% -18.4% -17.6% -6.45% 3.62% 6.03%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -4.412 -2.728 -1.844 -0.6933 -0.504 -0.3051
Distribution rate - - - - - -
Net sales 1 49.21 106.9 11.55 445.5 639.1 694.6
EBITDA 1 -119.2 -61.23 -155 137.1 240.7 280.5
EBIT 1 -276.2 -185.5 -277.2 -27.64 38.95 71.84
Net income 1 -321.6 -252.6 -326.5 -133.5 -96.73 -58.76
Net Debt 1 1,028 1,604 1,940 2,120 2,049 1,929
Reference price 2 11.870 5.330 5.960 6.480 5.650 3.550
Nbr of stocks (in thousands) 92,588 92,588 192,588 192,588 192,588 192,588
Announcement Date 31/03/21 31/03/22 31/03/23 22/03/24 21/03/25 13/03/26
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 337M
14.17x2.95x7.57x2.57% 29.68B
22.55x0.89x3.39x-.--% 11.98B
21.58x2.6x8.53x1.04% 9.93B
19.24x1.91x5.8x6.4% 5.85B
18.99x3.58x9.7x0.95% 2.24B
9.85x1.45x5.98x1.45% 2.04B
10.33x1.41x6.43x6% 1.9B
39.12x0.95x6x3.08% 1.38B
11.01x1.2x6.04x1.46% 616M
Average 18.54x 1.88x 6.60x 2.55% 6.6B
Weighted average by Cap. 17.69x 2.30x 6.74x 2.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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