SKYCITY ENTERTAINMENT GROUP LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.74 NZD | +0.58% |
|
-0.57% | -4.40% |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,529 | 1,754 | 2,658 | 2,202 | 1,727 | 1,319 | - | - |
| Enterprise Value (EV) 1 | 3,032 | 2,338 | 3,216 | 2,804 | 2,173 | 1,954 | 1,992 | 1,964 |
| P/E ratio | 17.7 x | 6.75 x | 17 x | -66.1 x | 207 x | 15 x | 9.61 x | 10.6 x |
| Yield | 5.28% | 4.18% | 1.99% | - | 5.26% | 6.53% | 7.33% | 7.91% |
| Capitalization / Revenue | 2.5 x | 1.67 x | 3.57 x | 3.49 x | 1.96 x | 1.48 x | 1.36 x | 1.31 x |
| EV / Revenue | 3 x | 2.22 x | 4.32 x | 4.44 x | 2.47 x | 2.19 x | 2.05 x | 1.95 x |
| EV / EBITDA | 8.85 x | 11.6 x | 12.8 x | 20.3 x | 7 x | 6.68 x | 6.12 x | 5.8 x |
| EV / FCF | -59.1 x | -11.4 x | 27.6 x | -314 x | 85.7 x | -140 x | 29.2 x | 15.8 x |
| FCF Yield | -1.69% | -8.74% | 3.62% | -0.32% | 1.17% | -0.72% | 3.42% | 6.32% |
| Price to Book | 2.19 x | 1.22 x | 1.62 x | 1.41 x | 1.13 x | 0.93 x | 0.89 x | 0.89 x |
| Nbr of stocks (in thousands) | 667,160 | 734,041 | 757,401 | 756,811 | 757,508 | 758,117 | - | - |
| Reference price 2 | 3.790 | 2.390 | 3.510 | 2.910 | 2.280 | 1.740 | 1.740 | 1.740 |
| Announcement Date | 8/13/19 | 9/2/20 | 8/24/21 | 8/24/22 | 8/22/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,012 | 1,052 | 744.5 | 631.5 | 879.2 | 892.7 | 972.9 | 1,008 |
| EBITDA 1 | 342.7 | 200.7 | 252 | 137.9 | 310.3 | 292.4 | 325.7 | 338.7 |
| EBIT 1 | 252.8 | 114.2 | 160.6 | 43.3 | 219.6 | 200.1 | 226.5 | 234.4 |
| Operating Margin | 24.99% | 10.86% | 21.57% | 6.86% | 24.98% | 22.41% | 23.28% | 23.25% |
| Earnings before Tax (EBT) 1 | 207.6 | 233.1 | 193.5 | -32.77 | 51.74 | 90.95 | 169.7 | 189.6 |
| Net income 1 | 144.6 | 235.4 | 156.1 | -33.6 | 8 | 63.74 | 129.7 | 139.9 |
| Net margin | 14.29% | 22.38% | 20.97% | -5.32% | 0.91% | 7.14% | 13.33% | 13.88% |
| EPS 2 | 0.2140 | 0.3540 | 0.2060 | -0.0440 | 0.0110 | 0.1160 | 0.1811 | 0.1635 |
| Free Cash Flow 1 | -51.33 | -204.5 | 116.5 | -8.944 | 25.35 | -14 | 68.11 | 124.1 |
| FCF margin | -5.07% | -19.44% | 15.65% | -1.42% | 2.88% | -1.57% | 7% | 12.31% |
| FCF Conversion (EBITDA) | - | - | 46.23% | - | 8.17% | - | 20.91% | 36.63% |
| FCF Conversion (Net income) | - | - | 74.64% | - | 316.89% | - | 52.52% | 88.69% |
| Dividend per Share 2 | 0.2000 | 0.1000 | 0.0700 | - | 0.1200 | 0.1136 | 0.1275 | 0.1377 |
| Announcement Date | 8/13/19 | 9/2/20 | 8/24/21 | 8/24/22 | 8/22/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 412.5 | 377.9 | 315.7 | 393.4 | 216.8 | 442.2 | - | 446.2 | 443 |
| EBITDA | 153.3 | - | - | 132.1 | 36.2 | 162.4 | 147.9 | 146.3 | - |
| EBIT | 366 | - | - | 83.1 | -11.6 | 117 | 102.6 | 102 | - |
| Operating Margin | 88.72% | - | - | 21.12% | -5.35% | 26.46% | - | 22.86% | - |
| Earnings before Tax (EBT) | 359.6 | - | - | - | -44.6 | - | - | - | - |
| Net income | 328 | - | - | 77.7 | -33.72 | - | - | 22.5 | - |
| Net margin | 79.51% | - | - | 19.75% | -15.56% | - | - | 5.04% | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | 0.0600 | 0.0525 | - |
| Announcement Date | 2/12/20 | 9/2/20 | 2/17/21 | 8/24/21 | 2/13/22 | 2/14/23 | 8/22/23 | 2/22/24 | - |
1NZD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 503 | 584 | 558 | 602 | 446 | 634 | 673 | 645 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.469 x | 2.908 x | 2.214 x | 4.364 x | 1.438 x | 2.17 x | 2.065 x | 1.903 x |
| Free Cash Flow 1 | -51.3 | -204 | 117 | -8.94 | 25.4 | -14 | 68.1 | 124 |
| ROE (net income / shareholders' equity) | 12.5% | 5.12% | 5.85% | 0.6% | 8.95% | 8.44% | 8.86% | 8.78% |
| ROA (Net income/ Total Assets) | 5.67% | 8.81% | 3.23% | 0.35% | 4.95% | 5.91% | 6.24% | 6.45% |
| Assets 1 | 2,549 | 2,671 | 4,836 | -9,610 | 161.6 | 1,078 | 2,078 | 2,170 |
| Book Value Per Share 2 | 1.730 | 1.950 | 2.170 | 2.070 | 2.010 | 1.880 | 1.950 | 1.960 |
| Cash Flow per Share 2 | 0.3800 | 0.2800 | 0.3400 | 0.1900 | 0.2500 | 0.3100 | 0.3200 | 0.3400 |
| Capex 1 | 304 | 325 | 172 | 100 | 255 | 231 | 138 | 102 |
| Capex / Sales | 30.02% | 30.87% | 23.06% | 15.85% | 28.97% | 25.89% | 14.19% | 10.08% |
| Announcement Date | 8/13/19 | 9/2/20 | 8/24/21 | 8/24/22 | 8/22/23 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
1.74
NZD
Average target price
2.55
NZD
Spread / Average Target
+46.55%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -4.40% | 810M | |
| +6.89% | 33.66B | |
| -6.17% | 22.11B | |
| -14.29% | 20.96B | |
| -18.42% | 19.29B | |
| +10.07% | 18.88B | |
| -0.34% | 16.99B | |
| -4.03% | 9.52B | |
| -24.15% | 7.7B | |
| +0.62% | 7.2B |
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- Financials SkyCity Entertainment Group Limited
