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: 5.55
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

$2.18

23 Mar
2023

0.010

OPEN

$2.15

0.46%

HIGH

$2.19

91,305

LOW

$2.15

TARGET
$3.20 46.8% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
JIN . AGI . ALL . CWN . EGP . TAH . TTS . SGR . TLC . PBH . BET . PLY . TLC .
FNARENA'S MARKET CONSENSUS FORECASTS
SKC: 1
Title FY23
Forecast		 FY24
Forecast
EPS (cps) 17.3 xxx
DPS (cps) 10.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.7 xxx
Dividend Yield 5.0% xxx
Div Pay Ratio(%) 63.2% 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: 02/03 - ex-div 5.5044c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx-4.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx483.8 M
Book Value Per Share xxxxxxxxxxxxxxx187.5
Net Operating Cash Flow xxxxxxxxxxxxxxx61.3 M
Net Profit Margin xxxxxxxxxxxxxxx-6.51 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx-2.13 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.58 %
Return on Assets xxxxxxxxxxxxxxx-1.24 %
Return on Equity xxxxxxxxxxxxxxx-2.13 %
Return on Total Capital xxxxxxxxxxxxxxx0.84 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-82.3 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx74 M
Long Term Debt xxxxxxxxxxxxxxx514 M
Total Debt xxxxxxxxxxxxxxx588 M
Goodwill - Gross xxxxxxxxxxxxxxx32 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx44 M
Price To Book Value xxxxxxxxxxxxxxx1.40

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx104.5 M
Capex % of Sales xxxxxxxxxxxxxxx21.60 %
Cost of Goods Sold xxxxxxxxxxxxxxx360 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx107 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx157 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

0.7

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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Credit Suisse

16/02/2023

1

Outperform

$2.90

33.03%

In the wake of 1H results and upgraded FY23 guidance , Credit Suisse raises its target for SkyCity Entertainment to $2.90 from $2.80 and retains its Outperform rating.

The broker notes resilient slot revenue across New Zealand operations with trends continuing into January. Costs are expected to remain elevated as visitation recovers, which may pressure the earnings margin as the reliance shifts away from higher spend per player.

An increased tax risk results in a slight downward adjustment to the analyst's earnings forecast for the Adelaide casino.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

SKC STOCK CHART

FNArena News on SKC

1
Australian Broker Call *Extra* Edition – Feb 28, 2023

Feb 28 2023 - Daily Market Reports
2
FNArena Corporate Results Monitor – 16-02-2023

Feb 16 2023 - Australia
3
Rudi’s View: February Focus On Resilience & Dividends

Feb 15 2023 - Rudi's View
4
Australian Broker Call *Extra* Edition – Nov 11, 2022

Nov 11 2022 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Nov 01, 2022

Nov 01 2022 - Daily Market Reports

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