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: 2.94
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

$1.77

11 Apr
2024

-0.010

OPEN

$1.77

-0.56%

HIGH

$1.78

460,684

LOW

$1.75

TARGET
$3.10 75.1% upside
Franking for last dividend paid out: 0%
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 FY24
Forecast
FY25
Forecast
EPS (cps) 15.2 xxx
DPS (cps) 10.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.5 xxx
Dividend Yield 6.0% xxx
Div Pay Ratio(%) 68.4% 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: 4.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.42

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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx1.0
DPS All xxxxxxxxxxxxxxx12.9
Sales/Revenue xxxxxxxxxxxxxxx734.7 M
Book Value Per Share xxxxxxxxxxxxxxx185.8
Net Operating Cash Flow xxxxxxxxxxxxxxx230.3 M
Net Profit Margin xxxxxxxxxxxxxxx0.99 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.52 %
Return on Invested Capital xxxxxxxxxxxxxxx0.37 %
Return on Assets xxxxxxxxxxxxxxx0.29 %
Return on Equity xxxxxxxxxxxxxxx0.52 %
Return on Total Capital xxxxxxxxxxxxxxx6.57 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-44.4 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx45 M
Long Term Debt xxxxxxxxxxxxxxx591 M
Total Debt xxxxxxxxxxxxxxx636 M
Goodwill - Gross xxxxxxxxxxxxxxx33 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx226 M
Price To Book Value xxxxxxxxxxxxxxx1.13

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx240.5 M
Capex % of Sales xxxxxxxxxxxxxxx32.74 %
Cost of Goods Sold xxxxxxxxxxxxxxx415 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx187 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx151 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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

23/02/2024

1

Outperform

-

-

SkyCity Entertainment's December-half result met Macquarie's forecasts and management retained FY24 guidance.

The broker believes FY24 is likely to represent the earnings trough as compliance costs peak and the SkyCity Aukland car-park handback settles in April. Macquarie forecasts an 8% three-year compound annual growth rate in EBITDA out to FY27.

The closure of legal and regulatory issues should also clear the runway somewhat, opines the broker, creating breathing space for capital management.

EPA forecasts ease -1% across FY24 to FY26.

Outperform rating and NZ$2.75 target price (which includes AUSTRAC penalties) is retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 10.47 cents and EPS of 16.02 cents.
Macquarie forecasts a full year FY25 dividend of 11.12 cents and EPS of 17.41 cents.

UBS

xx/xx/xxxx

1

xxx

-

xx.xx%

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SKC STOCK CHART