Financials Genting Singapore Limited

Equities

G13

SGXE21576413

Casinos & Gaming

Market Closed - Singapore S.E. 02:45:48 02/05/2024 pm IST 5-day change 1st Jan Change
0.885 SGD -3.28% Intraday chart for Genting Singapore Limited -5.85% -11.50%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,093 10,255 9,350 11,529 12,072 10,684 - -
Enterprise Value (EV) 1 7,406 6,528 6,272 8,070 8,470 7,067 6,991 7,163
P/E ratio 16.1 x 149 x 51.3 x 33.9 x 19.7 x 15.1 x 13.6 x 13.4 x
Yield 4.35% 1.18% 1.29% 3.14% 3.5% 4.34% 4.63% 4.52%
Capitalization / Revenue 4.47 x 9.64 x 8.76 x 6.68 x 4.99 x 4.07 x 3.74 x 3.54 x
EV / Revenue 2.99 x 6.14 x 5.88 x 4.68 x 3.5 x 2.7 x 2.45 x 2.37 x
EV / EBITDA 6.23 x 15.7 x 14 x 10.4 x 8.26 x 6.25 x 5.59 x 5.52 x
EV / FCF 8.1 x 41.3 x -11.1 x 13 x 13.4 x 19.1 x 16.4 x 16.3 x
FCF Yield 12.3% 2.42% -9% 7.68% 7.45% 5.24% 6.09% 6.13%
Price to Book 1.38 x 1.31 x 1.19 x 1.44 x 1.47 x 1.26 x 1.22 x 1.18 x
Nbr of stocks (in thousands) 1,20,57,235 1,20,64,805 1,20,64,805 1,20,72,032 1,20,72,032 1,20,72,532 - -
Reference price 2 0.9200 0.8500 0.7750 0.9550 1.000 0.8850 0.8850 0.8850
Announcement Date 12/02/20 09/02/21 17/02/22 20/02/23 22/02/24 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,480 1,064 1,067 1,725 2,418 2,622 2,859 3,017
EBITDA 1 1,190 415.9 448 774.2 1,026 1,130 1,250 1,297
EBIT 1 863.4 113.5 227.8 439.6 658.3 770 889.7 904.7
Operating Margin 34.81% 10.67% 21.35% 25.48% 27.23% 29.36% 31.11% 29.98%
Earnings before Tax (EBT) 1 846.9 113 226.3 456.7 776.9 864.8 988.7 1,006
Net income 1 688.6 69.24 183.3 340.1 611.6 699.5 794.2 813.6
Net margin 27.76% 6.51% 17.18% 19.71% 25.3% 26.68% 27.77% 26.96%
EPS 2 0.0571 0.005700 0.0151 0.0282 0.0507 0.0585 0.0649 0.0658
Free Cash Flow 1 914.3 158.2 -564.2 619.7 630.9 370.3 425.5 439.4
FCF margin 36.86% 14.87% -52.87% 35.92% 26.1% 14.12% 14.88% 14.56%
FCF Conversion (EBITDA) 76.86% 38.04% - 80.04% 61.52% 32.77% 34.03% 33.87%
FCF Conversion (Net income) 132.78% 228.5% - 182.2% 103.16% 52.94% 53.58% 54%
Dividend per Share 2 0.0400 0.0100 0.0100 0.0300 0.0350 0.0384 0.0409 0.0400
Announcement Date 12/02/20 09/02/21 17/02/22 20/02/23 22/02/24 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q2 2023 S1 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 251.5 261 314.5 348.6 519.7 542.4 595.9 - 626 641.3 667.8 651.7 -
EBITDA 1 - - 124.8 143.9 249.4 256 260.7 452.5 252.6 239.8 276.4 271.5 289
EBIT 1 - 40.5 - - 158.9 187.2 - - 175.5 180.6 187.2 186.8 -
Operating Margin - 15.52% - - 30.57% 34.52% - - 28.03% 28.16% 28.04% 28.67% -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 1 - - - - 135.8 119.9 - - 171.4 174.1 179 183.7 -
Net margin - - - - 26.12% 22.1% - - 27.38% 27.14% 26.81% 28.2% -
EPS 2 - - - - 0.0100 0.0112 - - 0.0106 0.0136 0.0162 0.0181 -
Dividend per Share 2 - 0.0100 0.0100 - 0.0100 0.0200 - - - - - 0.0400 -
Announcement Date 17/11/21 17/02/22 12/05/22 12/08/22 10/11/22 20/02/23 27/09/23 27/09/23 - - - - -
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 3,687 3,727 3,078 3,459 3,602 3,617 3,693 3,521
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 914 158 -564 620 631 370 426 439
ROE (net income / shareholders' equity) 8.7% 0.87% 2.33% 4.28% 7.55% 8.36% 9.16% 9.07%
ROA (Net income/ Total Assets) 7.24% 0.77% 2.23% 3.87% 6.82% 7.53% 8.2% 8.05%
Assets 1 9,509 9,019 8,221 8,797 8,974 9,293 9,686 10,102
Book Value Per Share 2 0.6700 0.6500 0.6500 0.6600 0.6800 0.7000 0.7300 0.7500
Cash Flow per Share 2 0.0900 0.0200 0.0300 0.0700 0.0800 0.0900 0.1000 0.1000
Capex 1 172 88.3 942 113 328 604 636 825
Capex / Sales 6.92% 8.3% 88.26% 6.53% 13.55% 23.03% 22.24% 27.36%
Announcement Date 12/02/20 09/02/21 17/02/22 20/02/23 22/02/24 - - -
1SGD in Million2SGD
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
0.885 SGD
Average target price
1.15 SGD
Spread / Average Target
+29.94%
Consensus
  1. Stock Market
  2. Equities
  3. G13 Stock
  4. Financials Genting Singapore Limited