GALAXY ENTERTAINMENT GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 37.5 HKD | -1.83% |
|
-3.72% | -14.29% |
| 05-16 | Global markets live: Cisco, EasyJet, Roche, Netflix, Amazon... |  |
| 05-14 | Transcript : Galaxy Entertainment Group Limited, Q1 2024 Earnings Call, May 14, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 248,640 | 261,697 | 176,045 | 225,342 | 191,312 | 163,886 | - | - |
| Enterprise Value (EV) 1 | 232,562 | 252,617 | 161,477 | 216,983 | 191,312 | 140,295 | 131,487 | 130,107 |
| P/E ratio | 19.1 x | -65.8 x | 133 x | -65.6 x | 28 x | 16.1 x | 13.4 x | 11.6 x |
| Yield | 1.59% | 0.75% | - | 0.58% | - | 1.8% | 2.22% | 2.73% |
| Capitalization / Revenue | 4.79 x | 20.3 x | 8.94 x | 19.6 x | 5.36 x | 3.71 x | 3.28 x | 2.91 x |
| EV / Revenue | 4.48 x | 19.6 x | 8.2 x | 18.9 x | 5.36 x | 3.17 x | 2.63 x | 2.31 x |
| EV / EBITDA | 14.1 x | -248 x | 45.7 x | -392 x | 19.2 x | 10.9 x | 8.6 x | 7.6 x |
| EV / FCF | 15.2 x | -18.8 x | -15.5 x | -26.6 x | - | 18.7 x | 14.2 x | 17.6 x |
| FCF Yield | 6.59% | -5.31% | -6.44% | -3.76% | - | 5.34% | 7.05% | 5.69% |
| Price to Book | 3.38 x | 3.88 x | 2.58 x | 3.52 x | - | 2.08 x | 1.85 x | 1.71 x |
| Nbr of stocks (in thousands) | 4,331,706 | 4,343,521 | 4,357,538 | 4,367,100 | 4,372,837 | 4,370,302 | - | - |
| Reference price 2 | 57.40 | 60.25 | 40.40 | 51.60 | 43.75 | 37.50 | 37.50 | 37.50 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/23/22 | 2/23/23 | 2/28/24 | - | - | - |
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 | 44,220 | 50,020 | 56,398 |
| EBITDA 1 | 16,479 | -1,020 | 3,537 | -553.3 | 9,955 | 12,880 | 15,284 | 17,114 |
| EBIT 1 | 13,023 | -3,836 | 1,273 | -2,642 | 7,119 | 9,354 | 11,348 | 13,244 |
| Operating Margin | 25.09% | -29.79% | 6.46% | -23.02% | 19.95% | 21.15% | 22.69% | 23.48% |
| Earnings before Tax (EBT) 1 | 13,284 | -3,763 | 1,521 | -3,352 | 6,977 | 10,446 | 12,471 | 14,415 |
| Net income 1 | 13,042 | -3,973 | 1,326 | -3,434 | 6,874 | 10,151 | 12,356 | 14,225 |
| Net margin | 25.13% | -30.86% | 6.73% | -29.93% | 19.26% | 22.96% | 24.7% | 25.22% |
| EPS 2 | 3.000 | -0.9160 | 0.3040 | -0.7870 | 1.562 | 2.333 | 2.794 | 3.221 |
| Free Cash Flow 1 | 15,324 | -13,404 | -10,395 | -8,155 | - | 7,496 | 9,264 | 7,403 |
| FCF margin | 29.52% | -104.1% | -52.78% | -71.07% | - | 16.95% | 18.52% | 13.13% |
| FCF Conversion (EBITDA) | 92.99% | - | - | - | - | 58.19% | 60.61% | 43.26% |
| FCF Conversion (Net income) | 117.5% | - | - | - | - | 73.84% | 74.98% | 52.04% |
| Dividend per Share 2 | 0.9100 | 0.4500 | - | 0.3000 | - | 0.6743 | 0.8312 | 1.024 |
| Announcement Date | 2/27/20 | 2/25/21 | 2/23/22 | 2/23/23 | 2/28/24 | - | - | - |
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 | - | 10,498 | 10,809 | 11,109 | 11,609 |
| EBITDA | 503 | 1,043 | 575 | -384 | -581 | -163 | 1,907 | 2,473 | 2,807 | - | 3,105 | 3,182 | 3,358 |
| EBIT 1 | -30.75 | - | -594.4 | - | -1,117 | - | - | - | - | 1,450 | 2,029 | 2,489 | 2,945 |
| Operating Margin | -0.72% | - | -14.5% | - | -54.94% | - | - | - | - | 13.81% | 18.77% | 22.4% | 25.37% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.0400 | 0.0870 | -0.1000 | -0.1000 | -0.3000 | -0.2870 | - | - | - | 0.3700 | 0.5000 | 0.6100 | 0.7100 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 2/23/22 | 5/12/22 | 8/18/22 | 11/10/22 | 2/23/23 | 5/21/23 | 8/17/23 | 2/28/24 | - | - | - | - |
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 | - | 23,591 | 32,399 | 33,779 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 15,324 | -13,404 | -10,395 | -8,155 | - | 7,496 | 9,264 | 7,403 |
| ROE (net income / shareholders' equity) | 19.2% | -5.64% | 1.95% | -5.19% | - | 13.2% | 14.3% | 14.9% |
| ROA (Net income/ Total Assets) | 14.2% | -4.22% | 1.49% | -4.13% | - | 10.9% | 11.7% | 12.2% |
| Assets 1 | 91,539 | 94,212 | 88,985 | 83,102 | - | 93,182 | 105,474 | 116,613 |
| Book Value Per Share 2 | 17.00 | 15.50 | 15.70 | 14.70 | - | 18.00 | 20.30 | 22.00 |
| Cash Flow per Share 2 | 4.470 | -1.760 | -0.8000 | -0.7100 | - | 2.570 | 3.220 | 3.690 |
| Capex 1 | 4,118 | 5,772 | 6,908 | 5,063 | - | 5,998 | 7,382 | 8,384 |
| Capex / Sales | 7.93% | 44.83% | 35.07% | 44.12% | - | 13.56% | 14.76% | 14.87% |
| Announcement Date | 2/27/20 | 2/25/21 | 2/23/22 | 2/23/23 | 2/28/24 | - | - | - |
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
51.57
HKD
Spread / Average Target
+37.52%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.29% | 20.96B | |
| +6.89% | 33.66B | |
| -6.17% | 22.11B | |
| -18.42% | 19.29B | |
| +10.07% | 18.88B | |
| -0.34% | 16.99B | |
| -4.03% | 9.52B | |
| -24.15% | 7.7B | |
| +0.62% | 7.2B | |
| +40.26% | 6.76B |
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- Financials Galaxy Entertainment Group Limited
