CROWN RESORTS LIMITED (CWN)
Share Price Analysis and Chart

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CWN - CROWN RESORTS LIMITED

FNArena Sector : Gaming
Year End: June
GICS Industry Group : Consumer Services
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Crown Resorts used to be Australia's leading gaming and entertainment company, with assets in Las Vegas and Macau. Today it owns and operates two major casinos in Australia plus other gaming interests including digital offerings. It listed in 2007 following spin-off from Publishing & Broadcasting Ltd. Has arguably been too closely aligned with James Packers' personal interests, which hasn't benefited other shareholders.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.61

30 Jul
2021

-0.170

OPEN

$8.70

-1.94%

HIGH

$8.72

3,027,039

LOW

$8.47

TARGET
$11.74 36.4% upside
Franking for last dividend paid out: 25%
OTHER COMPANIES IN THE SAME SECTOR
JIN . AGI . ALL . EGP . TAH . TTS . SGR . PBH . BET . SKC .
FNARENA'S MARKET CONSENSUS FORECASTS
CWN: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 11.7 - 7.7 xxx
DPS (cps) xxx 30.0 6.0 xxx
EPS Growth xxx - 80.1% N/A xxx
DPS Growth xxx - 50.0% - 80.0% xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.7% xxx
Div Pay Ratio(%) xxx 255.5% N/A xxx

Dividend yield today if purchased 3 years ago: 2.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.48

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: 19/03 - 30c (25%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx11.7
DPS All xxxxxxxxxxxxxxx30.0
Sales/Revenue xxxxxxxxxxxxxxx2,201.0 M
Book Value Per Share xxxxxxxxxxxxxxx702.1
Net Operating Cash Flow xxxxxxxxxxxxxxx326.9 M
Net Profit Margin xxxxxxxxxxxxxxx3.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
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Sentiment Indicator

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Credit Suisse

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

06/07/2021

3

Neutral

$12.40

44.02%

Macquarie is guiding to underlying earnings for Crown Resorts for FY21 of $248m, accounting for the impacts of recent lockdowns in both Melbourne and Perth. This places Macquarie's forecast at the higher end of Crown's guidance of $240-250m. 

The broker also expects revenue from Crown's domestic business in Melbourne and Perth to be trading above pre-covid levels by FY23, but does predict a lag on underlying earnings driven by higher costs and reduced VIP volumes.

The Neutral rating is retained and the target price decreases to $12.40 from $12.90.

FORECAST
Macquarie forecasts a full year FY21 dividend of 0.00 cents and EPS of minus -11.20 cents.
Macquarie forecasts a full year FY22 dividend of 18.50 cents and EPS of 26.60 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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CWN STOCK CHART