Crown Resorts
Market Cap
AU$8.3b
Last Updated
2019/12/10 10:36 UTC
Data Sources
Company Financials +
Executive Summary
Crown Resorts Limited operates in the entertainment industry primarily in Australia.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -1.6% per year for the next 3 years
Dividend of 4.92% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Excellent balance sheet and good value.
Share Price & News
How has Crown Resorts's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CWN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.5%
CWN
-2.0%
AU Hospitality
-1.8%
AU Market
1 Year Return
4.6%
CWN
20.2%
AU Hospitality
20.0%
AU Market
Return vs Industry: CWN underperformed the Australian Hospitality industry which returned 20.2% over the past year.
Return vs Market: CWN underperformed the Australian Market which returned 20% over the past year.
Shareholder returns
| CWN | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | -2.0% | -1.8% |
| 30 Day | -2.3% | 2.2% | -0.3% |
| 90 Day | -0.6% | 5.9% | 1.1% |
| 1 Year | 10.0%4.6% | 24.8%20.2% | 25.9%20.0% |
| 3 Year | 32.6%7.0% | 41.9%26.7% | 36.0%17.4% |
| 5 Year | 30.8%-3.5% | 109.2%68.3% | 62.5%25.9% |
Price Volatility Vs. Market
How volatile is Crown Resorts's share price compared to the market and industry in the last 5 years?
Simply Wall St News
11 months ago | Simply Wall St
Is Crown Resorts Limited's (ASX:CWN) 11% Better Than Average?1 year ago | Simply Wall St
Crown Resorts Limited (ASX:CWN): A Look At Return On Capital1 year ago | Simply Wall St
Has Crown Resorts Limited (ASX:CWN) Got Enough Cash?Valuation
Is Crown Resorts undervalued compared to its fair value and its price relative to the market?
33.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CWN (A$12.19) is trading below our estimate of fair value (A$18.45)
Significantly Below Fair Value: CWN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CWN is good value based on its PE Ratio (20.6x) compared to the Hospitality industry average (24.5x).
PE vs Market: CWN is poor value based on its PE Ratio (20.6x) compared to the Australian market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: CWN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CWN is good value based on its PB Ratio (1.6x) compared to the AU Hospitality industry average (1.7x).
Next Steps
Future Growth
How is Crown Resorts forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
-1.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CWN's earnings are forecast to decline over the next 3 years (-1.6% per year).
Earnings vs Market: CWN's earnings are forecast to decline over the next 3 years (-1.6% per year).
High Growth Earnings: CWN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CWN's revenue (8.7% per year) is forecast to grow faster than the Australian market (3.6% per year).
High Growth Revenue: CWN's revenue (8.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CWN's Return on Equity is forecast to be low in 3 years time (7.1%).
Next Steps
Past Performance
How has Crown Resorts performed over the past 5 years?
8.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CWN has high quality earnings.
Growing Profit Margin: CWN's current net profit margins (13.7%) are lower than last year (18.1%).
Past Earnings Growth Analysis
Earnings Trend: CWN's earnings have grown by 8.3% per year over the past 5 years.
Accelerating Growth: CWN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CWN had negative earnings growth (-28.1%) over the past year, making it difficult to compare to the Hospitality industry average (12.4%).
Return on Equity
High ROE: CWN's Return on Equity (7.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Crown Resorts's financial position?
Financial Position Analysis
Short Term Liabilities: CWN's short term assets (A$1.3B) exceed its short term liabilities (A$1.1B).
Long Term Liabilities: CWN's short term assets (A$1.3B) do not cover its long term liabilities (A$1.5B).
Debt to Equity History and Analysis
Debt Level: CWN's debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: CWN's debt to equity ratio has reduced from 44.1% to 21.3% over the past 5 years.
Debt Coverage: CWN's debt is well covered by operating cash flow (71.8%).
Interest Coverage: CWN's interest payments on its debt are well covered by EBIT (16.5x coverage).
Balance Sheet
Inventory Level: CWN has a high level of physical assets or inventory.
Debt Coverage by Assets: CWN's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Crown Resorts's current dividend yield, its reliability and sustainability?
4.92%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CWN's dividend (4.92%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).
High Dividend: CWN's dividend (4.92%) is low compared to the top 25% of dividend payers in the Australian market (5.57%).
Stability and Growth of Payments
Stable Dividend: CWN's dividend payments have been volatile in the past 10 years.
Growing Dividend: CWN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (101.6%), CWN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CWN's dividends in 3 years are not forecast to be well covered by earnings (106.8% payout ratio).
Next Steps
Management
What is the CEO of Crown Resorts's salary, the management and board of directors tenure and is there insider trading?
4.6yrs
Average management tenure
CEO
John Alexander (62yo)
2.8yrs
Tenure
AU$4,467,815
Compensation
Mr. John Henry Alexander, BA, has been Executive Chairman of Crown Resorts Limited since February 1, 2017 and as its Chief Executive Officer since February 28, 2017. Mr. Alexander served as Executive Deput ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD3.05M) is about average for companies of similar size in the Australian market ($USD2.96M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.6yrs
Average Tenure
53yo
Average Age
Experienced Management: CWN's management team is considered experienced (4.6 years average tenure).
Board Age and Tenure
3.9yrs
Average Tenure
62yo
Average Age
Experienced Board: CWN's board of directors are considered experienced (3.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 10,034,675 |
| Max Price | AU$12.09 |
| Entity | Company |
| Shares | 3,128,184 |
| Max Price | AU$12.36 |
| Entity | Company |
| Shares | 9,383,239 |
| Max Price | AU$12.18 |
| Entity | Company |
| Shares | 22,369 |
| Max Price | AU$12.16 |
| Entity | Company |
| Shares | 915,837 |
| Max Price | AU$12.30 |
| Entity | Company |
| Shares | 2,695,114 |
| Max Price | AU$11.57 |
| Entity | Company |
| Shares | 373,833 |
| Max Price | AU$13.14 |
| Entity | Company |
| Shares | 6,530,424 |
| Max Price | AU$12.71 |
| Entity | Company |
| Shares | 2,800,256 |
| Max Price | AU$12.80 |
| Entity | Company |
| Shares | 167,432 |
| Max Price | AU$13.51 |
| Entity | Company |
| Shares | 542,504 |
| Max Price | AU$13.23 |
| Entity | Company |
| Shares | 9,354,362 |
| Max Price | AU$12.13 |
| Entity | Company |
| Shares | 3,283,265 |
| Max Price | AU$12.63 |
| Entity | Company |
| Shares | 2,977,901 |
| Max Price | AU$12.51 |
| Entity | Company |
| Shares | 9,384,402 |
| Max Price | AU$12.14 |
| Entity | Company |
| Shares | 1,970,395 |
| Max Price | AU$13.02 |
| Entity | Company |
| Shares | 67,675,000 |
| Max Price | AU$13.00 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
John Alexander (62yo)
Executive Chairman & CEO
- Tenure: 2.8yrs
- Compensation: AU$4.47m
Michael Neilson
Executive Officer
- Tenure: 2.5yrs
Ken Barton (53yo)
Chief Financial Officer
- Tenure: 9.8yrs
- Compensation: AU$2.90m
Barry Felstead
Chief Executive Officer of Australian Resorts
- Tenure: 6.3yrs
- Compensation: AU$2.99m
Mary Manos
General Counsel & Company Secretary
- Tenure: 2.5yrs
William Nisbet (51yo)
Executive Vice President of Strategy & Development
- Tenure: 11.7yrs
- Compensation: AU$3.54m
Karl Bitar
Executive Vice President of Group Marketing & Brand Strategy
- Tenure: 0yrs
Jacinta Cubillo
Human Resources Coordinator
- Tenure: 0yrs
Board Members
Guy Jalland
Non-Executive Director
- Tenure: 1.7yrs
John Alexander (62yo)
Executive Chairman & CEO
- Tenure: 2.8yrs
- Compensation: AU$4.47m
Harold Mitchell (77yo)
Non-Executive Director
- Tenure: 8.8yrs
- Compensation: AU$197.10k
Andrew Demetriou
Non-Executive Director
- Tenure: 4.9yrs
- Compensation: AU$180.68k
Mike Johnston
Non-Executive Director
- Tenure: 12.4yrs
John Poynton (67yo)
Non-Executive Director
- Tenure: 1.1yrs
- Compensation: AU$181.17k
Toni Korsanos (50yo)
Non-Executive Director
- Tenure: 1.6yrs
- Compensation: AU$250.53k
John Horvath
Non-Executive Director
- Tenure: 9.3yrs
- Compensation: AU$310.53k
Lioyd Coonan
Non-Executive Director
- Tenure: 8yrs
- Compensation: AU$219.00k
Jane Halton (59yo)
Non-Executive Director
- Tenure: 1.6yrs
- Compensation: AU$197.10k
Company Information
Crown Resorts Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Crown Resorts Limited
- Ticker: CWN
- Exchange: ASX
- Founded: 2007
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: AU$8.255b
- Shares outstanding: 677.16m
- Website: https://www.crownresorts.com.au
Number of Employees
Location
- Crown Resorts Limited
- Crown Towers
- Level 3
- Southbank
- Victoria
- 3006
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CWN | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Dec 2007 |
| CWLD.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Dec 2007 |
| 5CW | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2007 |
| CWN | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Dec 2007 |
| CWLD.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Nov 2008 |
Biography
Crown Resorts Limited operates in the entertainment industry primarily in Australia. It operates in four segments: Crown Melbourne, Crown Perth, Crown Aspinalls, and Wagering & Online. The company owns and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/10 10:36 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.