Financials SkyCity Entertainment Group Limited Australian S.E.

Equities

SKC

NZSKCE0001S2

Casinos & Gaming

Market Closed - Australian S.E. 02:10:51 2024-07-17 am EDT 5-day change 1st Jan Change
1.37 AUD +2.24% Intraday chart for SkyCity Entertainment Group Limited +1.11% -19.17%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,529 1,754 2,658 2,202 1,727 1,145 - -
Enterprise Value (EV) 1 3,032 2,338 3,216 2,804 2,173 1,774 1,788 1,712
P/E ratio 17.7 x 6.75 x 17 x -66.1 x 207 x 12.5 x 13.1 x 13.4 x
Yield 5.28% 4.18% 1.99% - 5.26% 3.61% - 7.17%
Capitalization / Revenue 2.5 x 1.67 x 3.57 x 3.49 x 1.96 x 1.29 x 1.26 x 1.2 x
EV / Revenue 3 x 2.22 x 4.32 x 4.44 x 2.47 x 2 x 1.97 x 1.8 x
EV / EBITDA 8.85 x 11.6 x 12.8 x 20.3 x 7 x 6.29 x 7.05 x 5.92 x
EV / FCF -59.1 x -11.4 x 27.6 x -314 x 85.7 x -7 x 32.5 x 11.5 x
FCF Yield -1.69% -8.74% 3.62% -0.32% 1.17% -14.3% 3.08% 8.69%
Price to Book 2.19 x 1.22 x 1.62 x 1.41 x 1.13 x 0.77 x 0.75 x 0.73 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 1.510 1.510 1.510
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 1,052 744.5 631.5 879.2 885.9 907.6 953
EBITDA 1 342.7 200.7 252 137.9 310.3 282.2 253.6 289.3
EBIT 1 252.8 114.2 160.6 43.3 219.6 191.4 156.9 185.6
Operating Margin 24.99% 10.86% 21.57% 6.86% 24.98% 21.61% 17.29% 19.48%
Earnings before Tax (EBT) 1 207.6 233.1 193.5 -32.77 51.74 148.1 122.8 153.3
Net income 1 144.6 235.4 156.1 -33.6 8 72.83 83.52 92.52
Net margin 14.29% 22.38% 20.97% -5.32% 0.91% 8.22% 9.2% 9.71%
EPS 2 0.2140 0.3540 0.2060 -0.0440 0.0110 0.1204 0.1156 0.1129
Free Cash Flow 1 -51.33 -204.5 116.5 -8.944 25.35 -253.6 55.02 148.7
FCF margin -5.07% -19.44% 15.65% -1.42% 2.88% -28.62% 6.06% 15.6%
FCF Conversion (EBITDA) - - 46.23% - 8.17% - 21.7% 51.4%
FCF Conversion (Net income) - - 74.64% - 316.89% - 65.87% 160.73%
Dividend per Share 2 0.2000 0.1000 0.0700 - 0.1200 0.0545 - 0.1083
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
Net sales 1 412.5 377.9 315.7 393.4 216.8 442.2 - 446.2
EBITDA 1 153.3 - - 132.1 36.2 162.4 147.9 146.3
EBIT 1 366 - - 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 1 328 - - 77.7 -33.72 - - 22.5
Net margin 79.51% - - 19.75% -15.56% - - 5.04%
EPS - - - - - - - -
Dividend per Share 2 - - - - - - 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 Million2NZD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 503 584 558 602 446 630 643 567
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.469 x 2.908 x 2.214 x 4.364 x 1.438 x 2.231 x 2.537 x 1.959 x
Free Cash Flow 1 -51.3 -204 117 -8.94 25.4 -254 55 149
ROE (net income / shareholders' equity) 12.5% 5.12% 5.85% 0.6% 8.95% 7.96% 5.74% 6.71%
ROA (Net income/ Total Assets) 5.67% 8.81% 3.23% 0.35% 4.95% 5.06% 4.24% 4.91%
Assets 1 2,549 2,671 4,836 -9,610 161.6 1,440 1,970 1,885
Book Value Per Share 2 1.730 1.950 2.170 2.070 2.010 1.970 2.010 2.080
Cash Flow per Share 2 0.3800 0.2800 0.3400 0.1900 0.2500 0.3100 0.2300 0.3100
Capex 1 304 325 172 100 255 172 142 81.6
Capex / Sales 30.02% 30.87% 23.06% 15.85% 28.97% 19.4% 15.69% 8.56%
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
1.51 NZD
Average target price
1.883 NZD
Spread / Average Target
+24.72%
Consensus

Quarterly revenue - Rate of surprise

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