MSC
Studio City International Holdings LimitedConsumer Cyclical·Gambling, Resorts & Casinos
$2.36
$114M market cap
Revenue
$160.3M
Free Cash Flow
$0.0M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Studio City International Holdings Limited operates a gaming, retail, and entertainment resort in Cotai, Macau. The company operates Studio City Casino with 250 mass market gaming tables; approximately 947 gaming machines; and 45 VIP rolling chip tables. Its resort provides various non-gaming facilities, including approximately 1,600 luxury hotel rooms; food and beverage outlets; figure-8 Ferris wheel; a night club and karaoke; a 5,000-seat live performance arena; and approximately 27,000 square
2-Year Price History
$2.38-68.5%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2025-Q4 | 160.3 | 60.5 | 7.8 | -20.5 | 0.0 | 0.0 | -0.0 | 109.4 | 2,049 | 48.2 | 1.4% | 2.0x | -- |
Valuation & Metrics
Market Stats
Price$2.36
Market Cap$114M
Enterprise Value$2.1B
P/S Ratio0.7x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield0.0%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$160.3M
Net Income$-20.5M
Free Cash Flow$0.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin37.8%
Net Margin-12.8%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC1.4%
WC Change % Rev0.0%
Interest Coverage2.0x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover2.4
Change (vs Prior)-14.8%
Need at least 2 settlement dates for chart
Employees
Headcount5,848
Revenue / Employee$27,408
Gross Profit / Employee$9,623
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
89.2%(-26.6% YoY)
11 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
0 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Silver Point Capital L.P. | $69.6M | $5.33 | +$0 | −$113K | +4.0% | $1.07B |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $17.0M | $3.55 | +$0 | +$17.0M | +1.4% | $58.02B |
| FMR LLC | $9.3M | $2.15 | +$0 | +$0 | -0.0% | $1.89T |
| REDWOOD CAPITAL MANAGEMENT, LLC | $7.9M | $5.85 | +$0 | +$0 | +5.0% | $590M |
| DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | $2.2M | $2.15 | +$0 | +$0 | +0.9% | $2.68B |
| Aberdeen Group plc | $238K | $6.66 | +$0 | +$0 | -0.6% | $61.88B |
| MACQUARIE GROUP LTD | $72K | $2.15 | +$0 | −$5.4M | -0.4% | $16.77B |
| UBS Group AG | $46K | $3.40 | +$41K | −$28K | -0.3% | $562.11B |
| CITIGROUP INC | $4K | $7.50 | +$0 | +$0 | -0.3% | $156.55B |
| Advisory Services Network, LLC | $0 | $3.90 | +$0 | +$0 | -0.9% | $7.52B |
| MORGAN STANLEY | $0 | $6.66 | +$0 | +$0 | -0.3% | $1.65T |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
+2.62%
avg per quarter
Holders (ex-self)
+3.20%
excl. this stock
Buyers (this Q)
-0.28%
1 buyers · $0.00B in
Sellers (this Q)
+0.00%
0 sellers · $0.00B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-0.0%
how holders react when this stock falls
On quiet Qs
-1.5%
−10% to +10% baseline
On rallies (+10%+)
-0.6%
how they react when this stock rises
Holders' portfolio flow this Q
-28.5%
outflows — trims may be forced
Sellers' portfolio flow this Q
+0.0%
Sellers' overall flow ~ flat.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.5%
Holder mid (any stock)
-15.8%
Holder rally (any stock)
-11.5%
Top-5 holders · 99.7%
Silver Point Capital L.P.--
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.--
FMR LLC--
REDWOOD CAPITAL MANAGEMENT, LLC--
DAVIDSON KEMPNER CAPITAL MANAGEMENT LP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Silver Point Capital L.P.28.6MMACQUARIE GROUP LTD30KFMR LLC3.8MNOMURA ASSET MANAGEMENT INTERNATIONAL INC.7.0MREDWOOD CAPITAL MANAGEMENT, LLC3.2MDAVIDSON KEMPNER CAPITAL MANAGEMENT LP911KDAVIDSON KEMPNER PARTNERS—CREDIT SUISSE AG/—MILLENNIUM MANAGEMENT LLC—Aberdeen Group plc98K
Analyst Coverage
Analyst Coverage
Analyst Ratings
1
Buy: 1Consensus: Buy
Corporate
Order Flow (FINRA, ~3w lag)
24.7%retail-10.6pp
4.2%dark+5.4pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Studio City International Holdings: A Leveraged Bet on Macau Haunted by Affiliate Dependency and Massive Deficits
Overall Risk
7/10
Fraud
4/10
Dilution
3/10
Insolvency
8/10
Earnings Overstated
5/10
Hidden Liabilities
6/10
Legal
4/10
Audit Warnings
5/10
Hidden Upside
3/10
Contextually Acceptable
4/10