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Star Entertainment Group

DB:EE9
Snowflake Description

Proven track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EE9
DB
A$4B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

The Star Entertainment Group Limited, an integrated resort company, provides gaming, entertainment, and hospitality services in Australia. The last earnings update was 126 days ago. More info.


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EE9 Share Price and Events
7 Day Returns
-2.1%
DB:EE9
-1.9%
DE Hospitality
1.5%
DE Market
1 Year Returns
-21.6%
DB:EE9
-50.5%
DE Hospitality
-5.8%
DE Market
EE9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Star Entertainment Group (EE9) -2.1% -11.6% -6% -21.6% -32.8% 11.8%
DE Hospitality -1.9% -4% -9.2% -50.5% -16.8% -29.7%
DE Market 1.5% 1.3% 2.2% -5.8% 17.6% 8.7%
1 Year Return vs Industry and Market
  • EE9 outperformed the Hospitality industry which returned -50.5% over the past year.
  • EE9 underperformed the Market in Germany which returned -5.8% over the past year.
Price Volatility
EE9
Industry
5yr Volatility vs Market

Value

 Is Star Entertainment Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Star Entertainment Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Star Entertainment Group.

DB:EE9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:EE9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.922 (1 + (1- 30%) (26.75%))
1.063
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.063 * 5.96%)
6.56%

Discounted Cash Flow Calculation for DB:EE9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Star Entertainment Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:EE9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 6.56%)
2019 135.00 Analyst x2 126.68
2020 138.00 Analyst x3 121.52
2021 186.17 Analyst x3 153.84
2022 225.05 Est @ 20.88% 174.51
2023 258.10 Est @ 14.69% 187.81
2024 284.81 Est @ 10.35% 194.48
2025 305.64 Est @ 7.31% 195.85
2026 321.50 Est @ 5.19% 193.32
2027 333.39 Est @ 3.7% 188.12
2028 342.25 Est @ 2.66% 181.23
Present value of next 10 years cash flows A$1,717.37
DB:EE9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$342.25 × (1 + 0.23%) ÷ (6.56% – 0.23%)
A$5,413.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$5,413.58 ÷ (1 + 6.56%)10
A$2,866.54
DB:EE9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$1,717.37 + A$2,866.54
A$4,583.91
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$4,583.91 / 917.32
A$5
DB:EE9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EE9 represents 0.60188x of ASX:SGR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.60188x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 5.00 x 0.60188
€3.01
Value per share (EUR) From above. €3.01
Current discount Discount to share price of €2.41
= -1 x (€2.41 - €3.01) / €3.01
20%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Star Entertainment Group is available for.
Intrinsic value
20%
Share price is €2.41 vs Future cash flow value of €3.01
Current Discount Checks
For Star Entertainment Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Star Entertainment Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Star Entertainment Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Star Entertainment Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Star Entertainment Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EE9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.30
ASX:SGR Share Price ** ASX (2019-06-25) in AUD A$4
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.5x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.8x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Star Entertainment Group.

DB:EE9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SGR Share Price ÷ EPS (both in AUD)

= 4 ÷ 0.30

13.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Entertainment Group is good value based on earnings compared to the DE Hospitality industry average.
  • Star Entertainment Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Star Entertainment Group's expected growth come at a high price?
Raw Data
DB:EE9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
1.3%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.28x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

DB:EE9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.53x ÷ 1.3%

10.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Entertainment Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Star Entertainment Group's assets?
Raw Data
DB:EE9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$4.14
ASX:SGR Share Price * ASX (2019-06-25) in AUD A$4
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 2.18x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:EE9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SGR Share Price ÷ Book Value per Share (both in AUD)

= 4 ÷ 4.14

0.97x

* Primary Listing of Star Entertainment Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Entertainment Group is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Star Entertainment Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Star Entertainment Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Star Entertainment Group expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Star Entertainment Group expected to grow at an attractive rate?
  • Star Entertainment Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Star Entertainment Group's earnings growth is positive but not above the Germany market average.
  • Star Entertainment Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EE9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EE9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 1.3%
DB:EE9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 1.1%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 21%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:EE9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EE9 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 2,655 2
2022-06-30 2,467 2
2021-06-30 2,660 466 246 9
2020-06-30 2,581 446 237 11
2019-06-30 2,519 459 233 11
DB:EE9 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,621 449 264
2018-09-30 2,546 423 206
2018-06-30 2,472 397 148
2018-03-31 2,224 417 152
2017-12-31 2,163 437 156
2017-09-30 2,254 455 210
2017-06-30 2,344 473 264
2017-03-31 2,371 477 270
2016-12-31 2,397 480 276
2016-09-30 2,333 429 235
2016-06-30 2,268 378 194
2016-03-31 2,187 373 163

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Star Entertainment Group's earnings are expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
  • Star Entertainment Group's revenue is expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:EE9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Star Entertainment Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EE9 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.27 0.29 0.25 6.00
2020-06-30 0.26 0.28 0.24 8.00
2019-06-30 0.25 0.27 0.24 7.00
DB:EE9 Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.30
2018-09-30 0.24
2018-06-30 0.18
2018-03-31 0.18
2017-12-31 0.19
2017-09-30 0.25
2017-06-30 0.32
2017-03-31 0.33
2016-12-31 0.33
2016-09-30 0.28
2016-06-30 0.24
2016-03-31 0.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Star Entertainment Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Star Entertainment Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Star Entertainment Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Star Entertainment Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Star Entertainment Group's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Star Entertainment Group's year on year earnings growth rate has been positive over the past 5 years.
  • Star Entertainment Group's 1-year earnings growth exceeds its 5-year average (69.6% vs 14.4%)
  • Star Entertainment Group's earnings growth has exceeded the DE Hospitality industry average in the past year (69.6% vs -2.6%).
Earnings and Revenue History
Star Entertainment Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Star Entertainment Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EE9 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,620.90 263.70 501.00
2018-09-30 2,546.45 205.90 502.45
2018-06-30 2,472.00 148.10 503.90
2018-03-31 2,224.00 151.80 267.35
2017-12-31 2,163.00 155.50 217.80
2017-09-30 2,253.50 209.95 278.30
2017-06-30 2,344.00 264.40 338.80
2017-03-31 2,370.50 270.15 364.40
2016-12-31 2,397.00 275.90 390.00
2016-09-30 2,332.55 235.15 394.70
2016-06-30 2,268.10 194.40 399.40
2016-03-31 2,187.05 163.45 379.70
2015-12-31 2,106.00 132.50 360.00
2015-09-30 2,123.15 150.90 366.00
2015-06-30 2,140.30 169.30 372.00
2015-03-31 2,082.90 163.30 354.40
2014-12-31 2,025.50 157.30 336.80
2014-09-30 1,915.60 131.80 286.70
2014-06-30 1,805.70 106.30 236.60
2014-03-31 1,749.40 84.70 221.80
2013-12-31 1,693.10 63.10 207.00
2013-09-30 1,715.50 73.30 208.35
2013-06-30 1,737.90 83.50 209.70
2013-03-31 1,694.90 61.00 204.05
2012-12-31 1,651.90 38.50 198.40
2012-09-30 1,633.70 40.35 205.00
2012-06-30 1,615.50 42.20 211.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Star Entertainment Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Star Entertainment Group used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Star Entertainment Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Star Entertainment Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Star Entertainment Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Star Entertainment Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Star Entertainment Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Star Entertainment Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Star Entertainment Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Star Entertainment Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Star Entertainment Group Company Filings, last reported 5 months ago.

DB:EE9 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,795.90 981.50 109.20
2018-09-30 3,795.90 981.50 109.20
2018-06-30 3,781.50 830.90 110.30
2018-03-31 3,781.50 830.90 110.30
2017-12-31 3,239.40 1,244.80 188.60
2017-09-30 3,239.40 1,244.80 188.60
2017-06-30 3,275.60 1,100.70 113.70
2017-03-31 3,275.60 1,100.70 113.70
2016-12-31 3,219.10 1,116.50 195.70
2016-09-30 3,219.10 1,116.50 195.70
2016-06-30 3,147.70 889.30 159.00
2016-03-31 3,147.70 889.30 159.00
2015-12-31 3,048.10 901.60 146.80
2015-09-30 3,048.10 901.60 146.80
2015-06-30 3,035.40 816.40 196.60
2015-03-31 3,035.40 816.40 196.60
2014-12-31 2,994.20 875.40 196.60
2014-09-30 2,994.20 875.40 196.60
2014-06-30 2,931.60 868.80 144.90
2014-03-31 2,931.60 868.80 144.90
2013-12-31 2,910.30 945.20 127.00
2013-09-30 2,910.30 945.20 127.00
2013-06-30 2,862.60 1,060.60 265.50
2013-03-31 2,862.60 1,060.60 265.50
2012-12-31 2,879.10 916.90 199.50
2012-09-30 2,879.10 916.90 199.50
2012-06-30 2,817.00 1,431.90 342.60
  • Star Entertainment Group's level of debt (25.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (32.4% vs 25.9% today).
  • Debt is well covered by operating cash flow (45.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.6x coverage).
X
Financial health checks
We assess Star Entertainment Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Star Entertainment Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Star Entertainment Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.88%
Current annual income from Star Entertainment Group dividends. Estimated to be 5.09% next year.
If you bought €2,000 of Star Entertainment Group shares you are expected to receive €118 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Star Entertainment Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Star Entertainment Group's dividend is above the markets top 25% of dividend payers in Germany (3.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:EE9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:EE9 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.20 2.00
2022-06-30 0.20 2.00
2021-06-30 0.21 9.00
2020-06-30 0.20 11.00
2019-06-30 0.20 11.00
DB:EE9 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-20 0.235 5.419
2018-08-23 0.205 4.360
2018-02-15 0.160 3.120
2017-08-22 0.170 3.019
2017-02-15 0.150 2.886
2016-08-25 0.130 2.464
2015-08-11 0.120 2.274
2015-02-03 0.100 2.203
2014-08-12 0.080 2.256
2013-08-21 0.040 1.498
2013-03-27 0.080 2.618
2012-08-14 0.000 0.000
2012-02-23 0.080 1.847

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Entertainment Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Star Entertainment Group only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Star Entertainment Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Star Entertainment Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Star Entertainment Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Star Entertainment Group has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Star Entertainment Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Bekier
COMPENSATION A$4,888,651
TENURE AS CEO 5.2 years
CEO Bio

Mr. Matthias Michael Bekier, also known as Matt, has been the Chief Executive Officer and Managing Director of The Star Entertainment Group Limited (formerly, Echo Entertainment Group) since April 11, 2014 and has been its Executive Director since March 2, 2011. Mr. Bekier served as the Chief Financial Officer of The Star Entertainment Group Limited from June 15, 2011 to April 10, 2014. He served as the Chief Financial Officer at TabCorp Holdings Limited from 2005 to June 8, 2011. He serves as a Director of Echo Entertainment Finance Limited. Mr. Bekier has held various roles with McKinsey & Company, building a substantial practice in both post-merger management and financial services across Australia, Asia and North America. He serves as a Director of The Star Entertainment Finance Limited. He is a Member of the Board of the Australasian Gaming Council. Mr. Bekier holds a Master of Economics and Commerce as well as a PhD in Finance from St Gallen University in Switzerland.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Matt's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Star Entertainment Group management team in years:

4.9
Average Tenure
  • The tenure for the Star Entertainment Group management team is about average.
Management Team

Matt Bekier

TITLE
MD, CEO & Executive Director
COMPENSATION
A$5M
TENURE
5.2 yrs

Chad Barton

TITLE
Group Chief Financial Officer
COMPENSATION
A$2M
TENURE
5 yrs

Geoff Hogg

TITLE
Managing Director of Queensland
COMPENSATION
A$1M
TENURE
11.1 yrs

Greg Hawkins

TITLE
Chief Casino Officer
COMPENSATION
A$2M
AGE
55
TENURE
4.8 yrs

Paula Martin

TITLE
Group General Counsel & Company Secretary

Peter Jenkins

TITLE
Head of Media Communications

George Hughes

TITLE
Chief Marketing Officer
TENURE
1.3 yrs

Kim Lee

TITLE
Chief People & Performance Officer

Harry Theodore

TITLE
Chief Commercial Officer

Paul McWilliams

TITLE
Chief Risk Officer
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Star Entertainment Group board of directors in years:

6.2
Average Tenure
59
Average Age
  • The tenure for the Star Entertainment Group board of directors is about average.
Board of Directors

John O'Neill

TITLE
Chairman
COMPENSATION
A$475K
AGE
66
TENURE
7 yrs

Matt Bekier

TITLE
MD, CEO & Executive Director
COMPENSATION
A$5M
TENURE
8.3 yrs

Wallace Sheppard

TITLE
Non Executive Director
COMPENSATION
A$230K
TENURE
6.3 yrs

Katie Lahey

TITLE
Non-Executive Director
COMPENSATION
A$225K
AGE
68
TENURE
6.3 yrs

Gerard Bradley

TITLE
Non-Executive Director
COMPENSATION
A$250K
TENURE
6.1 yrs

Sally Anne Pitkin

TITLE
Non-Executive Director
COMPENSATION
A$228K
AGE
59
TENURE
4.5 yrs

Zlatko Todorcevski

TITLE
Non-Executive Director
COMPENSATION
A$162K
AGE
50
TENURE
2.1 yrs

Ben Heap

TITLE
Non-Executive Director
COMPENSATION
A$105K
AGE
48
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • Star Entertainment Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Jun 19 Buy Colonial First State Asset Management (Australia) Limited Company 14. Jun 19 14. Jun 19 7,006 €2.36 €16,524
14. Jun 19 Sell Realindex Investments Pty Limited Company 06. Nov 18 13. Jun 19 -584,327 €2.91 €-1,703,122
14. Jun 19 Buy Realindex Investments Pty Limited Company 08. Nov 18 05. Jun 19 742,970 €2.71 €2,014,648
14. Jun 19 Sell ASB Group Investments Ltd. Company 31. Jan 19 31. May 19 -53,156 €2.75 €-146,266
14. Jun 19 Buy ASB Group Investments Ltd. Company 03. Jan 19 04. Feb 19 55,203 €2.72 €150,367
14. Jun 19 Sell Colonial First State Asset Management (Australia) Limited Company 09. Nov 18 13. Jun 19 -22,225,962 €2.73 €-57,198,978
14. Jun 19 Buy Colonial First State Asset Management (Australia) Limited Company 07. Nov 18 12. Jun 19 7,794,690 €2.75 €21,169,139
14. Jun 19 Sell Perpetual Limited Company 07. Jun 19 12. Jun 19 -11,141,483 €2.46 €-27,364,350
14. Jun 19 Buy Perpetual Limited Company 07. Jun 19 07. Jun 19 3,818 €2.79 €10,646
07. Jun 19 Sell Perpetual Limited Company 11. Dec 18 05. Jun 19 -17,055,107 €2.80 €-47,786,795
07. Jun 19 Buy Perpetual Limited Company 06. Dec 18 08. May 19 7,750,530 €2.74 €21,224,881
29. May 19 Buy JBWere Limited Company 01. Mar 19 01. May 19 299,216 €2.76 €826,602
29. May 19 Buy MLC Investments Limited Company 05. Mar 19 24. May 19 4,661,529 €2.75 €12,836,196
29. May 19 Buy Antares Capital Partners Pty. Ltd. Company 26. Feb 19 23. May 19 1,013,896 €2.72 €2,755,232
29. May 19 Buy OneVue Limited Company 01. Mar 19 01. May 19 18,276 €2.69 €49,098
29. May 19 Buy MLC Investment Management Limited Company 08. Mar 19 02. May 19 57,511 €2.69 €151,092
02. May 19 Sell Matthias Bekier Individual 29. Apr 19 29. Apr 19 -200,000 €2.89 €-577,058
16. Apr 19 Buy Realindex Investments Pty Limited Company 20. Apr 18 31. Oct 18 573,340 €3.20 €1,835,044
16. Apr 19 Sell Colonial First State Asset Management (Australia) Limited Company 20. Apr 18 31. Oct 18 -18,264,794 €3.30 €-59,156,327
16. Apr 19 Buy Colonial First State Asset Management (Australia) Limited Company 20. Apr 18 05. Nov 18 27,450,293 €3.23 €87,248,853
28. Feb 19 Sell JBWere Limited Company 17. Jan 19 05. Feb 19 -170,700 €2.79 €-476,468
28. Feb 19 Buy JBWere Limited Company 18. Jan 19 21. Feb 19 257,145 €2.92 €751,358
28. Feb 19 Sell MLC Investments Limited Company 22. Jan 19 25. Jan 19 -1,032,658 €2.78 €-2,874,422
28. Feb 19 Buy MLC Investments Limited Company 23. Jan 19 20. Feb 19 373,017 €2.83 €1,054,494
28. Feb 19 Sell Antares Capital Partners Pty. Ltd. Company 17. Jan 19 22. Feb 19 -612,626 €2.79 €-1,706,564
28. Feb 19 Buy Antares Capital Partners Pty. Ltd. Company 21. Jan 19 21. Feb 19 2,511,911 €2.94 €7,388,706
28. Feb 19 Sell OneVue Limited Company 07. Feb 19 15. Feb 19 -592 €2.91 €-1,723
28. Feb 19 Sell MLC Investment Management Limited Company 31. Jan 19 25. Feb 19 -5,254 €2.84 €-14,905
28. Feb 19 Buy MLC Investment Management Limited Company 21. Jan 19 21. Jan 19 8,982 €2.86 €25,728
20. Feb 19 Sell Paradice Investment Management Pty Ltd. Company 29. Nov 18 18. Feb 19 -8,809,892 €2.87 €-25,293,372
20. Feb 19 Buy Paradice Investment Management Pty Ltd. Company 14. Nov 18 01. Feb 19 5,927,262 €2.73 €16,191,598
21. Jan 19 Buy MLC Investments Limited Company 19. Dec 18 07. Jan 19 610,809 €2.83 €1,726,281
21. Jan 19 Buy Antares Capital Partners Pty. Ltd. Company 17. Dec 18 15. Jan 19 625,726 €2.85 €1,784,189
21. Jan 19 Buy MLC Investment Management Limited Company 17. Dec 18 09. Jan 19 112,827 €2.82 €305,432
18. Dec 18 Sell Antares Capital Partners Pty. Ltd. Company 13. Dec 18 14. Dec 18 -200,194 €2.87 €-572,517
17. Dec 18 Buy JBWere Limited Company 27. Nov 18 10. Dec 18 46,810 €2.86 €133,664
17. Dec 18 Buy MLC Investments Limited Company 22. Nov 18 10. Dec 18 558,958 €2.80 €1,567,185
17. Dec 18 Buy Antares Capital Partners Pty. Ltd. Company 14. Nov 18 11. Dec 18 3,667,531 €2.90 €10,618,586
17. Dec 18 Buy OneVue Limited Company 03. Dec 18 03. Dec 18 1,077 €2.91 €3,139
17. Dec 18 Buy MLC Investment Management Limited Company 15. Nov 18 12. Dec 18 23,747 €2.87 €67,624
07. Dec 18 Sell Perpetual Limited Company 30. Aug 18 07. Nov 18 -5,614,501 €3.37 €-18,905,603
07. Dec 18 Buy Perpetual Limited Company 12. Sep 18 05. Dec 18 15,652,484 €2.98 €46,622,966
28. Nov 18 Buy Zlatko Todorcevski Individual 23. Nov 18 23. Nov 18 20,000 €2.80 €55,908
15. Nov 18 Buy Paradice Investment Management Pty Ltd. Company 09. Aug 18 13. Nov 18 47,887,836 €3.30 €157,955,574
15. Nov 18 Sell MLC Investments Limited Company 06. Nov 18 09. Nov 18 -131,487 €2.93 €-384,929
15. Nov 18 Sell Antares Capital Partners Pty. Ltd. Company 05. Nov 18 12. Nov 18 -2,397 €2.95 €-7,068
15. Nov 18 Buy Antares Capital Partners Pty. Ltd. Company 05. Nov 18 07. Nov 18 200,266 €2.89 €577,932
15. Nov 18 Sell MLC Investment Management Limited Company 05. Nov 18 12. Nov 18 -103,188 €2.95 €-303,941
08. Nov 18 Buy JBWere Limited Company 01. Oct 18 01. Oct 18 5,122 €3.02 €15,466
08. Nov 18 Buy Antares Capital Partners Pty. Ltd. Company 04. Oct 18 02. Nov 18 1,209,971 €3.04 €3,683,576
08. Nov 18 Buy OneVue Limited Company 31. Oct 18 01. Nov 18 938 €2.99 €2,804
08. Nov 18 Buy MLC Investment Management Limited Company 05. Oct 18 30. Oct 18 108,649 €3.06 €332,272
06. Nov 18 Sell Realindex Investments Pty Limited Company 24. Apr 18 02. Nov 18 -791,695 €3.08 €-2,439,877
06. Nov 18 Buy Realindex Investments Pty Limited Company 20. Apr 18 31. Oct 18 573,340 €3.20 €1,836,894
06. Nov 18 Sell Colonial First State Asset Management (Australia) Limited Company 20. Apr 18 31. Oct 18 -8,142,347 €3.31 €-26,489,667
06. Nov 18 Buy Colonial First State Asset Management (Australia) Limited Company 14. May 18 01. Nov 18 16,682,516 €3.17 €52,577,938
06. Nov 18 Buy Wallace Sheppard Individual 05. Nov 18 05. Nov 18 25,000 €2.92 €73,099
05. Nov 18 Buy Benjamin Heap Individual 05. Nov 18 05. Nov 18 10,000 €2.92 €29,176
04. Oct 18 Buy JBWere Limited Company 01. Oct 18 01. Oct 18 35,622 €3.19 €113,766
20. Sep 18 Buy JBWere Limited Company 19. Feb 18 12. Sep 18 447,929 €3.27 €1,465,957
08. Oct 18 Buy Antares Capital Partners Pty. Ltd. Company 02. Oct 18 02. Oct 18 392 €3.14 €1,233
08. Oct 18 Sell OneVue Limited Company 02. Oct 18 02. Oct 18 -71 €3.16 €-224
04. Oct 18 Sell OneVue Limited Company 18. Sep 18 27. Sep 18 -168 €3.22 €-541
04. Oct 18 Sell MLC Investments Limited Company 18. Sep 18 28. Sep 18 -6,527,643 €3.25 €-21,198,382
04. Oct 18 Sell Antares Capital Partners Pty. Ltd. Company 18. Sep 18 28. Sep 18 -1,227,788 €3.21 €-3,938,043
04. Oct 18 Buy Antares Capital Partners Pty. Ltd. Company 25. Sep 18 25. Sep 18 203,544 €3.17 €645,434
04. Oct 18 Sell MLC Investment Management Limited Company 20. Sep 18 01. Oct 18 -7,384 €3.26 €-23,960
20. Sep 18 Sell MLC Investments Limited Company 15. Feb 18 17. Sep 18 -11,452,861 €3.19 €-36,499,012
20. Sep 18 Buy MLC Investments Limited Company 13. Feb 18 10. Sep 18 7,095,750 €3.32 €23,573,231
20. Sep 18 Buy Antares Capital Partners Pty. Ltd. Company 14. Feb 18 17. Sep 18 6,967,511 €3.26 €22,729,841
20. Sep 18 Buy OneVue Limited Company 03. Sep 18 05. Sep 18 93,050 €3.41 €316,920
20. Sep 18 Sell MLC Investment Management Limited Company 14. Feb 18 03. Sep 18 -603,619 €3.15 €-1,895,688
20. Sep 18 Buy MLC Investment Management Limited Company 13. Feb 18 14. Sep 18 111,953 €3.32 €369,182
12. Sep 18 Buy Gerard Bradley Individual 12. Sep 18 12. Sep 18 10,000 €3.19 €31,919
06. Sep 18 Buy Wallace Sheppard Individual 06. Sep 18 06. Sep 18 25,000 €3.41 €85,218
30. Aug 18 Sell Perpetual Limited Company 11. May 18 28. Aug 18 -15,155,689 €3.30 €-49,949,170
30. Aug 18 Buy Perpetual Limited Company 31. May 18 23. Aug 18 5,792,684 €3.07 €17,798,341
X
Management checks
We assess Star Entertainment Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Star Entertainment Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

The Star Entertainment Group Limited, an integrated resort company, provides gaming, entertainment, and hospitality services in Australia. The company operates through three segments: Sydney, Gold Coast, and Brisbane. It owns and operates The Star Sydney casino, which includes hotels, apartment complex, restaurants, and bars; The Star Gold Coast casino, which consists of hotel, theatre, restaurants, and bars; and Treasury casino in Brisbane that comprises hotel, restaurants, and bars. The company also manages the Gold Coast Convention and Exhibition Centre. The Star Entertainment Group Limited has a strategic partnership with Chow Tai Fook Enterprises Limited and Far East Consortium International Limited. The company was formerly known as Echo Entertainment Group Limited and changed its name to The Star Entertainment Group Limited in November 2015. The Star Entertainment Group Limited was incorporated in 2011 and is based in Brisbane, Australia.

Details
Name: The Star Entertainment Group Limited
EE9
Exchange: DB
Founded: 2011
A$2,246,849,177
917,322,730
Website: http://www.starentertainmentgroup.com.au
Address: The Star Entertainment Group Limited
159 William Street,
Level 3,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SGR Ordinary Shares Australian Securities Exchange AU AUD 06. Jun 2011
OTCPK EHGR.F Ordinary Shares Pink Sheets LLC US USD 06. Jun 2011
DB EE9 Ordinary Shares Deutsche Boerse AG DE EUR 06. Jun 2011
CHIA SGR Ordinary Shares Chi-X Australia AU AUD 06. Jun 2011
Number of employees
Current staff
Staff numbers
0
Star Entertainment Group employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 03:03
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/06/19
Last earnings filing: 2019/02/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.