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

Enter the company code or Name for stock analysis:

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

$1.75

30 Nov
2023

0.070

OPEN

$1.70

4.17%

HIGH

$1.77

511,240

LOW

$1.69

TARGET
$3.20 82.9% 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) 17.0 xxx
DPS (cps) 11.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 10.4 xxx
Dividend Yield 6.5% xxx
Div Pay Ratio(%) 67.5% 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: 4.33%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.34

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: 07/09 - ex-div 5.55c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

01/09/2023

1

Buy

-

-

UBS analyses the tax policy, released yesterday by the National Party ahead of the New Zealand general election in October. The policy estimates new tax revenue from online casino gambling of around NZ$180m, starting in FY25.

This would be achieved through establishing a regulatory regime. There is no suggestion in the policy of any increase in existing gambling tax or GST rates.

The broker points out its current forecast for SkyCity Entertainment online casino revenue of NZ$24m in FY25 is based on an unregulated market and implies market share of just 4%. Buy rating and NZ$3.30 target.

FORECAST
UBS forecasts a full year FY24 dividend of 12.95 cents and EPS of 17.58 cents.
UBS forecasts a full year FY25 dividend of 14.80 cents and EPS of 21.28 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

SKC STOCK CHART

FNArena News on SKC

1
Australian Broker Call *Extra* Edition – Sep 11, 2023

Sep 11 2023 - Daily Market Reports
2
FNArena Corporate Results Monitor – 24-08-2023

Aug 24 2023 - Australia
3
Australian Broker Call *Extra* Edition – Aug 16, 2023

Aug 16 2023 - Daily Market Reports
4
Roll Of The Dice; Recession Proof Gambling

Jul 05 2023 - Australia
5
Australian Broker Call *Extra* Edition – May 30, 2023

May 30 2023 - Daily Market Reports

Latest Gaming News

1
Aristrocrat Set To Extend US Market Share

Jul 27 2023 - Australia
2
Regulatory Risk On The Rise For Endeavour Group

Jul 18 2023 - Australia
3
Roll Of The Dice; Recession Proof Gambling

Jul 05 2023 - Australia
4
Aristocrat Boosts Real Money Gaming Strategy

May 16 2023 - Australia
5
Aristocrat Leisure Eyeing Real Money Opportunity

Mar 29 2023 - Australia
6
Lottery Corp Enjoys A Win

Feb 27 2023 - Australia
7
Capital Management Options For Aristocrat Leisure

Nov 18 2022 - Australia
8
Lottery Corp Implements Powerball Pricing Boost 

Nov 10 2022 - Australia
9
How Resilient Is Aristocrat Leisure In Downturn?

Sep 20 2022 - Australia
10
Jumbo Optimism Relies On Lottery Resilience

Sep 07 2022 - Small Caps