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

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SKC

SKC - SKYCITY ENTERTAINMENT GROUP LIMITED

FNArena Sector : Gaming
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 3.8
Index: 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

$0.69

03 Mar
2026

-0.020

OPEN

$0.71

-2.82%

HIGH

$0.71

37,684

LOW

$0.69

OTHER COMPANIES IN THE SAME SECTOR
AGI . ALL . BBT . BET . JIN . LNW . PBH . PLY . SGR . TAH . TLC . TLC .
FNARENA'S MARKET CONSENSUS FORECASTS
SKC: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 2.4 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 28.6 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 © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx3.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx701.8 M
Book Value Per Share xxxxxxxxxxxxxxx151.1
Net Operating Cash Flow xxxxxxxxxxxxxxx27.2 M
Net Profit Margin xxxxxxxxxxxxxxx3.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx2.20 %
Return on Invested Capital xxxxxxxxxxxxxxx1.48 %
Return on Assets xxxxxxxxxxxxxxx1.05 %
Return on Equity xxxxxxxxxxxxxxx2.20 %
Return on Total Capital xxxxxxxxxxxxxxx5.73 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-120.2 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx738 M
Total Debt xxxxxxxxxxxxxxx744 M
Goodwill - Gross xxxxxxxxxxxxxxx33 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx48 M
Price To Book Value xxxxxxxxxxxxxxx0.54

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx149.5 M
Capex % of Sales xxxxxxxxxxxxxxx21.30 %
Cost of Goods Sold xxxxxxxxxxxxxxx455 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx137 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx74 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

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

20/02/2026

3

Neutral

-

-

SkyCity Entertainment delivered weaker-than-expected earnings in the first half, driven by lower New Zealand gaming revenue, a weaker VIP play and higher operating costs, UBS notes.

The broker still envisages long-term valuation upside in FY28 under a tighter regulatory operating environment, but present value is seen as less compelling.

Commentary suggests potential upside in the next 12 months comes from value-accretive asset sales, as the company continues to target proceeds from its office building, Auckland car parks and hotels portfolio.

Neutral. Target is raised to NZ$0.88 from NZ$0.85.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.79 cents.
UBS forecasts a full year FY27 dividend of 1.79 cents and EPS of 2.69 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

04/03/2026

2

Overweight

-

-

Jarden highlights SkyCity Entertainment delivered a weak but as expected 1H26 result, with underlying earnings (EBITDA) down -28% and NPAT down -68%, reflecting the impact of mandatory carded play in NZ, NZICC pre-opening costs, online investment, and higher Adelaide costs.

Total revenue slipped -2%, with lower gaming revenue partly offset by growth in lower-margin non-gaming segments, while net debt reduced to NZ$594m and the covenant leverage ratio improved to 2.83x.

Management's FY26 underlying earnings (EBITDA) guidance of NZ$190–210m was maintained, implying 2H skew supported by NZICC visitation and Adelaide cost reduction, with capex slightly lower than prior guidance.

Overweight retained with an unchanged NZ$1.00 target price.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.85 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 5.01 cents.
Access Extra Coverage Research History >

SKC STOCK CHART

FNArena News on SKC

1
Australian Broker Call *Extra* Edition – Mar 04, 2026

Mar 04 2026 - Daily Market Reports
2
Rudi’s View: A Season Of Large Cap Winners

Mar 04 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Mar 03, 2026

Mar 03 2026 - Daily Market Reports
4
Rudi’s View: Positives From February Results

Feb 26 2026 - Rudi's View
5
FNArena Corporate Results Monitor – 20-02-2026

Feb 20 2026 - Australia

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