SKYCITY ENTERTAINMENT GROUP LIMITED (SKC)
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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: 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

$0.63

29 Aug
2025

0.000

OPEN

$0.63

0.000

HIGH

$0.63

515,675

LOW

$0.63

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) 5.5 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.4 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

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 © 2025 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

0.0

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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UBS

07/05/2025

3

Neutral

-

-

SkyCity Entertainment has lowered FY25 earnings (EBITDA) guidance to around NZ$216m from NZ$225–NZ$245m due to reduced contributions from casinos in Adelaide and Auckland.

UBS notes reduced spend per visitor in Auckland, reflecting a weaker economy, while Adelaide was impacted by stricter harm minimisation controls.

UBS accordingly lowers its earnings (EBITDA) forecasts by -5% and -4% for FY25 and FY26, resulting in an expected FY25 earnings (EBITDA) decline of -22% versus FY24.

Neutral rating retained. Target price lowered to NZ$1.23 from NZ$1.45. The analyst does not anticipate a recommencement in dividends until FY27.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 8.22 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

15/08/2025

2

Overweight

-

-

SkyCity Entertainment's Adelaide casino licence has been confirmed as suitable following an independent review.

Jarden notes this outcome was expected given management changes and a significant three-year investment in lifting operating standards.

The broker highlights the investigation found long-standing governance failures, extensive anti-money laundering and counter-terrorism financing breaches and a profit-over-compliance culture.

The Commissioner stressed the findings do not represent a clean bill of health.

Jarden observes the Commissioner is considering enforcement action, with a fine yet to be determined and a -$50m penalty included in its FY26 estimates.

Transformation efforts since 2024, including leadership changes and enhanced oversight, have been key to the suitability finding, notes the broker, but ongoing compliance and cultural reform remain critical.

Jarden maintains its Overweight rating and NZ$1.75 target price.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.67 cents.
Access Extra Coverage Research History >

SKC STOCK CHART

FNArena News on SKC

1
FNArena Corporate Results Monitor – 22-08-2025

Aug 22 2025 - Australia
2
Next Week At A Glance – 25-29 Aug 2025

Aug 22 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Aug 18, 2025 (Extra)

Aug 18 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jun 12, 2025

Jun 12 2025 - Daily Market Reports
5
Next Week At A Glance – 9-13 Jun 2025

Jun 06 2025 - Weekly Reports

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