SKYCITY ENTERTAINMENT GROUP LIMITED (SKC)
Share Price Analysis and Chart

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SKC - SKYCITY ENTERTAINMENT GROUP LIMITED

FNArena Sector : Gaming
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 3.26
Index: ASX300 | ALL-ORDS

Auckland-based SkyCity owns and operates five casinos in New Zealand (4) and Australia (Adelaide). It was founded in 1996 and listed on the ASX in 1999. It is also listed on the NZX.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.25

20 Nov
2024

-0.025

OPEN

$1.27

-1.96%

HIGH

$1.28

76,371

LOW

$1.25

OTHER COMPANIES IN THE SAME SECTOR
AGI . ALL . BET . JIN . LNW . PBH . PLY . SGR . TAH . TLC . TLC .
FNARENA'S MARKET CONSENSUS FORECASTS
SKC: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 9.7 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 13.3 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 06/03 - ex-div 4.87c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-17.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx737.0 M
Book Value Per Share xxxxxxxxxxxxxxx156.8
Net Operating Cash Flow xxxxxxxxxxxxxxx179.9 M
Net Profit Margin xxxxxxxxxxxxxxx-17.99 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-10.21 %
Return on Invested Capital xxxxxxxxxxxxxxx-7.30 %
Return on Assets xxxxxxxxxxxxxxx-5.13 %
Return on Equity xxxxxxxxxxxxxxx-10.21 %
Return on Total Capital xxxxxxxxxxxxxxx6.13 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-180.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx223 M
Long Term Debt xxxxxxxxxxxxxxx444 M
Total Debt xxxxxxxxxxxxxxx667 M
Goodwill - Gross xxxxxxxxxxxxxxx33 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx55 M
Price To Book Value xxxxxxxxxxxxxxx0.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx287.5 M
Capex % of Sales xxxxxxxxxxxxxxx39.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx434 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx183 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx72 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

23/08/2024

1

Outperform

-

-

SkyCity Entertainment's result met guidance and FY25 earnings guidance was reiterated. Leverage should peak in FY25 at 2.7x before sloping off, Macquarie notes, and is below the debt covenant. The broker expects dividends in FY27.

The broker continues to see FY25 as the low-point for earnings, with growth projects supportive of earnings growth in FY25-26, more than offsetting impacts from mandatory carded play in FY26 and beyond.

The outlook is improving, most regulatory issues have been cleared, and as such Macquarie continues to see a re-rating pathway, but it will take time. Target falls to NZ$1.70 from NZ$1.85, Outperform retained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of 9.65 cents.
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of 10.02 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

26/09/2024

2

Overweight

-

-

Jarden sees signs of a positive earnings trajectory for SkyCity Entertainment due to the shift to a regulated model in response to new rules around online casino gaming in New Zealand.

Overweight. The target climbs to NZ$1.85 from NZ$1.75 on the regulated online benefit and a lower risk-free rate (RFR) estimate within the broker's weighted average cost of capital (WACC) estimate.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 12.41 cents.
Jarden forecasts a full year FY26 dividend of 4.60 cents and EPS of 10.48 cents.
Access Extra Coverage Research History >

SKC STOCK CHART

FNArena News on SKC

1
Australian Broker Call *Extra* Edition – Sep 26, 2024

Sep 26 2024 - Daily Market Reports
2
FNArena Corporate Results Monitor – 06-09-2024

Sep 06 2024 - Australia
3
Australian Broker Call *Extra* Edition – Aug 27, 2024

Aug 27 2024 - Daily Market Reports
4
Next Week At A Glance – 5-9 Aug 2024

Aug 02 2024 - Weekly Reports
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 14-06-24

Jun 14 2024 - Weekly Reports

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