MLCO is trading at $5.45 with a forward EV/EBITDA of 9.43, which is lower than its peers, suggesting it may not be overvalued. The stock's price-to-sales ratio of 0.76 also indicates undervaluation relative to its revenue. Despite Macau's improving gaming revenue, rising U.S.-China trade tensions could impact high-value Chinese players, posing a risk to MLCO's growth. The company's Q4 results showed improved operating income but a small loss, with progress in new projects like City of Dreams Sri Lanka. While MLCO appears fairly valued, macroeconomic risks and high short interest (24.1%) add uncertainty to its outlook.