GALAXY ENTERTAINMENT GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 37.5 HKD | +3.59% |
|
+6.99% | -14.29% |
| 17/04 | Interest Rate Outlooks Quell Asian Stock Markets | MT |
| 17/04 | Hong Kong Stocks End Flat as Hopes of June Rate Cut Fades; Galaxy Entertainment Falls 7% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,48,640 | 2,61,697 | 1,76,045 | 2,25,342 | 1,91,312 | 1,63,886 | - | - |
| Enterprise Value (EV) 1 | 2,32,562 | 2,52,617 | 1,61,477 | 2,16,983 | 1,91,312 | 1,41,623 | 1,33,047 | 1,29,242 |
| P/E ratio | 19.1 x | -65.8 x | 133 x | -65.6 x | 28 x | 15.6 x | 13.1 x | 11.2 x |
| Yield | 1.59% | 0.75% | - | 0.58% | - | 1.73% | 2.25% | 2.78% |
| Capitalization / Revenue | 4.79 x | 20.3 x | 8.94 x | 19.6 x | 5.36 x | 3.6 x | 3.21 x | 2.88 x |
| EV / Revenue | 4.48 x | 19.6 x | 8.2 x | 18.9 x | 5.36 x | 3.11 x | 2.6 x | 2.27 x |
| EV / EBITDA | 14.1 x | -248 x | 45.7 x | -392 x | 19.2 x | 10.6 x | 8.46 x | 7.47 x |
| EV / FCF | 15.2 x | -18.8 x | -15.5 x | -26.6 x | - | 14.2 x | 8.54 x | 9.69 x |
| FCF Yield | 6.59% | -5.31% | -6.44% | -3.76% | - | 7.06% | 11.7% | 10.3% |
| Price to Book | 3.38 x | 3.88 x | 2.58 x | 3.52 x | - | 2.07 x | 1.84 x | 1.7 x |
| Nbr of stocks (in thousands) | 43,31,706 | 43,43,521 | 43,57,538 | 43,67,100 | 43,72,837 | 43,70,302 | - | - |
| Reference price 2 | 57.40 | 60.25 | 40.40 | 51.60 | 43.75 | 37.50 | 37.50 | 37.50 |
| Announcement Date | 27/02/20 | 25/02/21 | 23/02/22 | 23/02/23 | 28/02/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 51,902 | 12,876 | 19,696 | 11,474 | 35,684 | 45,532 | 51,087 | 56,865 |
| EBITDA 1 | 16,479 | -1,020 | 3,537 | -553.3 | 9,955 | 13,349 | 15,721 | 17,292 |
| EBIT 1 | 13,023 | -3,836 | 1,273 | -2,642 | 7,119 | 9,722 | 11,719 | 13,407 |
| Operating Margin | 25.09% | -29.79% | 6.46% | -23.02% | 19.95% | 21.35% | 22.94% | 23.58% |
| Earnings before Tax (EBT) 1 | 13,284 | -3,763 | 1,521 | -3,352 | 6,977 | 10,791 | 12,835 | 14,943 |
| Net income 1 | 13,042 | -3,973 | 1,326 | -3,434 | 6,874 | 10,459 | 12,682 | 14,596 |
| Net margin | 25.13% | -30.86% | 6.73% | -29.93% | 19.26% | 22.97% | 24.83% | 25.67% |
| EPS 2 | 3.000 | -0.9160 | 0.3040 | -0.7870 | 1.562 | 2.400 | 2.869 | 3.338 |
| Free Cash Flow 1 | 15,324 | -13,404 | -10,395 | -8,155 | - | 9,994 | 15,576 | 13,340 |
| FCF margin | 29.52% | -104.1% | -52.78% | -71.07% | - | 21.95% | 30.49% | 23.46% |
| FCF Conversion (EBITDA) | 92.99% | - | - | - | - | 74.87% | 99.08% | 77.14% |
| FCF Conversion (Net income) | 117.5% | - | - | - | - | 95.56% | 122.82% | 91.39% |
| Dividend per Share 2 | 0.9100 | 0.4500 | - | 0.3000 | - | 0.6501 | 0.8438 | 1.043 |
| Announcement Date | 27/02/20 | 25/02/21 | 23/02/22 | 23/02/23 | 28/02/24 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,282 | 4,753 | 4,100 | 2,400 | 2,034 | 2,916 | 7,054 | 8,661 | - | 10,431 | 10,903 | 11,441 | 11,798 |
| EBITDA 1 | 503 | 1,043 | 575 | -384 | -581 | -163 | 1,907 | 2,473 | 2,807 | 3,038 | - | - | - |
| EBIT 1 | -30.75 | - | -594.4 | - | -1,117 | - | - | - | - | 1,707 | 2,178 | 2,716 | 3,074 |
| Operating Margin | -0.72% | - | -14.5% | - | -54.94% | - | - | - | - | 16.36% | 19.98% | 23.74% | 26.05% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.0400 | 0.0870 | -0.1000 | -0.1000 | -0.3000 | -0.2870 | - | - | - | 0.4300 | 0.5300 | 0.6600 | 0.7400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 23/02/22 | 12/05/22 | 18/08/22 | 10/11/22 | 23/02/23 | 21/05/23 | 17/08/23 | 28/02/24 | - | - | - | - |
1HKD in Million2HKD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 16,078 | 9,081 | 14,568 | 8,359 | - | 22,263 | 30,840 | 34,645 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 15,324 | -13,404 | -10,395 | -8,155 | - | 9,994 | 15,576 | 13,340 |
| ROE (net income / shareholders' equity) | 19.2% | -5.64% | 1.95% | -5.19% | - | 13.5% | 14.6% | 15.2% |
| ROA (Net income/ Total Assets) | 14.2% | -4.22% | 1.49% | -4.13% | - | 11.3% | 11.9% | 12.3% |
| Assets 1 | 91,539 | 94,212 | 88,985 | 83,102 | - | 92,282 | 1,06,214 | 1,18,957 |
| Book Value Per Share 2 | 17.00 | 15.50 | 15.70 | 14.70 | - | 18.10 | 20.30 | 22.00 |
| Cash Flow per Share 2 | 4.470 | -1.760 | -0.8000 | -0.7100 | - | 2.590 | 3.660 | 4.340 |
| Capex 1 | 4,118 | 5,772 | 6,908 | 5,063 | - | 6,270 | 7,426 | 9,518 |
| Capex / Sales | 7.93% | 44.83% | 35.07% | 44.12% | - | 13.77% | 14.54% | 16.74% |
| Announcement Date | 27/02/20 | 25/02/21 | 23/02/22 | 23/02/23 | 28/02/24 | - | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
37.5
HKD
Average target price
53.23
HKD
Spread / Average Target
+41.95%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.29% | 20.24B | |
| +0.40% | 23.35B | |
| +18.64% | 20.47B | |
| -11.38% | 19.98B | |
| -2.20% | 16.18B | |
| -0.67% | 9.78B | |
| -24.64% | 7.6B | |
| +2.92% | 7.2B | |
| +1.24% | 7.02B | |
| +50.35% | 6.77B |
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- Financials Galaxy Entertainment Group Limited
