企業概要
Meridian Holdings Inc. operates as a technology provider within the electronic gaming and multimedia industry, delivering both business-to-business and business-to-consumer solutions. The company focuses on developing and licensing proprietary gaming platforms while offering online sports betting and competition products across key markets including Central and South America, Europe, and Africa. As a listed entity in the communication services sector, Meridian Holdings Inc. serves clients in the casino and sportsbook sectors, facilitating digital wagering operations globally. The company currently maintains a market capitalization of 9,064 万ドル with an annual revenue of 1.83 億ドル (TTM) and employs approximately 1,200 staff members. These valuation metrics indicate a mid-sized market presence characterized by significant revenue generation relative to its equity value, suggesting a company with established operational scale despite challenges in translating profitability into retained earnings.
財務健全性
Meridian Holdings Inc. reported trailing twelve-month revenue of 1.83 億ドル, yet this top-line growth is contrasted by a net income loss of 8,989 万 8,848 ドル and an EBITDA of 1,080 万ドル。The substantial gap between the 1.83 億ドル revenue and the negative net income reveals a cost structure where operating expenses significantly exceed gross profits, eroding the bottom line before interest and taxes. Despite the reported EBITDA of 1,080 万ドル, the company generated only 292 万ドル of free cash flow, which limits its financial flexibility for large-scale capital expenditures or aggressive expansion strategies without external financing. The gross margin stands at 56.6%, indicating strong pricing power or low cost of goods sold relative to revenue, while the operating margin of -3.1% and profit margin of -49.2% highlight severe operational inefficiencies or high general and administrative costs. The balance sheet shows a cash position of 1,843 万ドル against total debt of 2,339 万ドル, resulting in a debt-to-equity ratio of 48.40, which signifies a highly leveraged capital structure reliant on external borrowing. A current ratio of 0.59 further underscores liquidity constraints, indicating that current liabilities exceed current assets and posing potential challenges in meeting short-term obligations. Furthermore, the return on equity of -117.0% and return on assets of -1.6% demonstrate that management is currently destroying shareholder value and failing to generate sufficient returns on the capital base deployed.
バリュエーション評価
Meridian Holdings Inc. does not have a trailing P/E ratio or a forward P/E ratio available, primarily due to its negative earnings, which renders traditional earnings-based valuation multiples inapplicable for assessing expected earnings trajectory. Instead, the market values the company based on its price-to-book ratio of 1.95, suggesting that the stock trades at a premium of 95% over its tangible book value despite the lack of positive earnings. Alternative valuation metrics such as the price-to-sales ratio of 0.50 and the EV/EBITDA of 9.02 provide insight into the company's value relative to its revenue generation and cash earnings before interest, taxes, depreciation, and amortization. The stock has experienced significant volatility, with a 52-week high of 26.52 ドル and a 52-week low of 5.80 ドル, meaning the current price sits in a range that reflects substantial downward pressure from its peak levels. The beta value is listed as N/A, which implies that historical volatility data is insufficient to calculate a standard deviation relative to the broader market for risk assessment purposes.
Growth & Income
Meridian Holdings Inc. achieved a year-over-year revenue growth rate of 8.1%, while earnings growth is marked as N/A due to the company's continued net losses, indicating that top-line expansion has not yet translated into improved profitability. As a non-dividend payer, the company maintains a dividend yield of N/A and a payout ratio of 0.0%, reflecting a strategy where all available earnings are theoretically retained for reinvestment, although current losses preclude any meaningful cash distribution. The absence of a dividend yield confirms that the company prioritizes operational restructuring or market expansion over returning cash to shareholders through regular payouts. Overall, the company presents a growth profile driven by revenue expansion in the competitive gaming sector, but the income profile remains negative as it struggles to convert sales volume into sustainable net income.