Galaxy Entertainment Group
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Galaxy Entertainment Group Limited, an investment holding company, engages gaming and entertainment, and construction materials businesses in Macau, Hong Kong, and Mainland China. The last earnings update was 111 days ago. More info.
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27 Share Price and Events
7 Day Returns
1 Year Returns
27 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Galaxy Entertainment Group (27) | 2.2% | 18.5% | -2.6% | -9.4% | 136% | -10.4% |
| HK Hospitality | 2.4% | 12.4% | -3% | -6.3% | 43.3% | -27.8% |
| HK Market | 1.5% | 3.9% | -8.2% | -4.7% | 18.3% | 3.4% |
1 Year Return vs Industry and Market
- 27 underperformed the Hospitality industry which returned -6.3% over the past year.
- 27 underperformed the Market in Hong Kong which returned -4.7% over the past year.
27 Value
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
Galaxy 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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Galaxy Entertainment Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 23 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.4% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Hospitality Unlevered Beta | Simply Wall St/ S&P Global | 0.93 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.928 (1 + (1- 25%) (3.7%)) |
0.969 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.97 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.969 * 6.65%) |
8.45% |
Discounted Cash Flow Calculation for SEHK:27 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Galaxy 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.
| Levered FCF (HKD, Millions) | Source |
Present Value Discounted (@ 8.45%) |
|
|---|---|---|---|
| 2020 | 11,308.50 | Analyst x4 | 10,427.52 |
| 2021 | 11,365.28 | Analyst x4 | 9,663.44 |
| 2022 | 11,377.09 | Est @ 0.1% | 8,919.87 |
| 2023 | 11,453.72 | Est @ 0.67% | 8,280.37 |
| 2024 | 11,576.55 | Est @ 1.07% | 7,717.18 |
| 2025 | 11,733.02 | Est @ 1.35% | 7,212.15 |
| 2026 | 11,914.53 | Est @ 1.55% | 6,753.17 |
| 2027 | 12,115.15 | Est @ 1.68% | 6,331.92 |
| 2028 | 12,330.75 | Est @ 1.78% | 5,942.54 |
| 2029 | 12,558.45 | Est @ 1.85% | 5,580.77 |
| Present value of next 10 years cash flows | HK$76,828.93 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= HK$12,558.45 × (1 + 2%) ÷ (8.45% – 2%) |
HK$198,738.40 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= HK$198,738.40 ÷ (1 + 8.45%)10 |
HK$88,316.13 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= HK$76,828.93 + HK$88,316.13 |
HK$165,145.06 |
| Equity Value per Share (HKD) |
= Total value / Shares Outstanding
= HK$165,145.06 / 4,332.11 |
HK$38.12 |
| Calculation | Result | |
|---|---|---|
| Value per share (HKD) | From above. | HK$38.12 |
| Current discount | Discount to share price of
HK$57.10
= -1 x (HK$57.10 - HK$38.12) / HK$38.12 |
-49.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Galaxy Entertainment Group is above its future cash flow value.
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 Galaxy Entertainment Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Galaxy Entertainment Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in HKD | HK$3.13 |
| SEHK:27 Share Price ** | SEHK (2019-07-17) in HKD | HK$57.1 |
| Hong Kong Hospitality Industry PE Ratio | Median Figure of 69 Publicly-Listed Hospitality Companies | 13.93x |
| Hong Kong Market PE Ratio | Median Figure of 1,510 Publicly-Listed Companies | 10.75x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Galaxy Entertainment Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:27 Share Price ÷ EPS (both in HKD) = 57.1 ÷ 3.13 |
18.25x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Galaxy Entertainment Group is overvalued based on earnings compared to the HK Hospitality industry average.
- Galaxy Entertainment Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
Galaxy Entertainment Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 18.25x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts |
6.6%per year |
| Hong Kong Hospitality Industry PEG Ratio | Median Figure of 21 Publicly-Listed Hospitality Companies | 2.23x |
| Hong Kong Market PEG Ratio | Median Figure of 479 Publicly-Listed Companies | 0.8x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 18.25x ÷ 6.6% |
2.77x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Galaxy Entertainment Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Galaxy Entertainment Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in HKD | HK$14.40 |
| SEHK:27 Share Price * | SEHK (2019-07-17) in HKD | HK$57.1 |
| Hong Kong Hospitality Industry PB Ratio | Median Figure of 109 Publicly-Listed Hospitality Companies | 1.13x |
| Hong Kong Market PB Ratio | Median Figure of 2,197 Publicly-Listed Companies | 0.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:27 Share Price ÷ Book Value per Share (both in HKD) = 57.1 ÷ 14.40 |
3.97x |
* Primary Listing of Galaxy Entertainment Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Galaxy Entertainment Group is overvalued based on assets compared to the HK Hospitality industry average.
Value checks
We assess Galaxy Entertainment Group's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check) Galaxy Entertainment Group has a total score of 0/6, 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.
27 Future Performance
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!
Earnings growth vs Low Risk Savings
- Galaxy Entertainment Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- Galaxy Entertainment Group's earnings growth is expected to exceed the Hong Kong market average.
- Galaxy Entertainment Group's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:27 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts | 6.6% |
| SEHK:27 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts | 7.7% |
| Hong Kong Hospitality Industry Earnings Growth Rate | Market Cap Weighted Average | 15.5% |
| Hong Kong Hospitality Industry Revenue Growth Rate | Market Cap Weighted Average | 11.6% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | -7.3% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.3% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 23 Analyst Estimates (S&P Global) | See Below |
| Date (Data in HKD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 90,663 | 30,370 | 23,743 | 1 |
| 2022-12-31 | 78,088 | 24,956 | 19,371 | 1 |
| 2021-12-31 | 70,343 | 19,913 | 15,460 | 16 |
| 2020-12-31 | 65,022 | 17,694 | 14,021 | 23 |
| 2019-12-31 | 60,638 | 15,333 | 13,183 | 22 |
| Date (Data in HKD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 55,211 | 13,784 | 13,507 |
| 2018-09-30 | 54,687 | 13,294 | |
| 2018-06-30 | 67,973 | 16,282 | 13,080 |
| 2018-03-31 | 65,212 | 17,401 | 11,792 |
| 2017-12-31 | 48,640 | 18,520 | 10,504 |
| 2017-09-30 | 49,231 | 9,430 | |
| 2017-06-30 | 49,823 | 15,785 | 8,356 |
| 2017-03-31 | 51,325 | 14,258 | 7,320 |
| 2016-12-31 | 52,826 | 12,732 | 6,283 |
| 2016-09-30 | 51,992 | 10,977 | 5,486 |
| 2016-06-30 | 51,158 | 9,222 | 4,689 |
| 2016-03-31 | 51,074 | 7,924 | 4,425 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 23 Analyst Estimates (S&P Global) | See Below |
All data from Galaxy Entertainment Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 5.42 | 5.42 | 5.42 | 1.00 |
| 2022-12-31 | 4.43 | 4.43 | 4.43 | 1.00 |
| 2021-12-31 | 3.59 | 4.13 | 3.08 | 16.00 |
| 2020-12-31 | 3.24 | 3.99 | 2.81 | 21.00 |
| 2019-12-31 | 3.05 | 3.36 | 2.80 | 19.00 |
| Date (Data in HKD Millions) | EPS * |
|---|---|
| 2018-12-31 | 3.13 |
| 2018-09-30 | 3.08 |
| 2018-06-30 | 3.04 |
| 2018-03-31 | 2.75 |
| 2017-12-31 | 2.45 |
| 2017-09-30 | 2.20 |
| 2017-06-30 | 1.96 |
| 2017-03-31 | 1.71 |
| 2016-12-31 | 1.47 |
| 2016-09-30 | 1.29 |
| 2016-06-30 | 1.10 |
| 2016-03-31 | 1.04 |
*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.
- Galaxy Entertainment Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Galaxy Entertainment Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Galaxy Entertainment Group has a total score of 2/6, 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.
27 Past Performance
How has Galaxy 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
Past Earnings growth analysis
- Galaxy Entertainment Group's year on year earnings growth rate has been positive over the past 5 years.
- Galaxy Entertainment Group's 1-year earnings growth exceeds its 5-year average (28.6% vs 6.1%)
- Galaxy Entertainment Group's earnings growth has exceeded the HK Hospitality industry average in the past year (28.6% vs -2.4%).
Earnings and Revenue History
All data from Galaxy Entertainment Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in HKD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 55,210.90 | 13,507.39 | 90.16 | |
| 2018-09-30 | 54,686.80 | 13,293.71 | 90.20 | |
| 2018-06-30 | 67,973.41 | 13,080.02 | 90.24 | |
| 2018-03-31 | 65,211.93 | 11,792.19 | 89.66 | |
| 2017-12-31 | 48,639.74 | 10,504.36 | 89.08 | |
| 2017-09-30 | 49,231.39 | 9,430.19 | 88.56 | |
| 2017-06-30 | 49,823.03 | 8,356.02 | 88.04 | |
| 2017-03-31 | 51,324.57 | 7,319.71 | 88.64 | |
| 2016-12-31 | 52,826.12 | 6,283.40 | 89.23 | |
| 2016-09-30 | 51,992.14 | 5,486.07 | 48.45 | |
| 2016-06-30 | 51,158.17 | 4,688.75 | 7.66 | |
| 2016-03-31 | 51,074.49 | 4,424.90 | 3.83 | |
| 2015-12-31 | 50,990.81 | 4,161.05 | ||
| 2015-09-30 | 54,853.98 | 5,280.36 | 1.10 | |
| 2015-06-30 | 58,717.14 | 6,399.67 | 2.21 | |
| 2015-03-31 | 65,234.81 | 8,369.74 | 1.10 | |
| 2014-12-31 | 71,752.47 | 10,339.81 | ||
| 2014-09-30 | 72,689.28 | 10,858.08 | 4.34 | |
| 2014-06-30 | 73,626.09 | 11,376.35 | 8.68 | |
| 2014-03-31 | 69,829.30 | 10,714.05 | 4.34 | |
| 2013-12-31 | 66,032.50 | 10,051.76 | ||
| 2013-09-30 | 62,635.09 | 9,314.52 | 0.07 | |
| 2013-06-30 | 59,237.68 | 8,577.27 | 0.14 | |
| 2013-03-31 | 57,992.05 | 7,977.56 | 0.07 | |
| 2012-12-31 | 56,746.42 | 7,377.84 | ||
| 2012-09-30 | 56,294.02 | 6,724.97 | 35.85 |
*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.
- Galaxy Entertainment Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Galaxy Entertainment Group used its assets more efficiently than the HK Hospitality industry average last year based on Return on Assets.
- Galaxy Entertainment Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Galaxy Entertainment Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Galaxy Entertainment Group has a total score of 6/6, 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.
27 Health
How is Galaxy 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 Galaxy Entertainment Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Galaxy Entertainment Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Galaxy Entertainment Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2x 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.
All data from Galaxy Entertainment Group Company Filings, last reported 6 months ago.
| Date (Data in HKD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 62,831.20 | 8,970.00 | 16,048.73 |
| 2018-09-30 | 62,831.20 | 8,970.00 | 16,048.73 |
| 2018-06-30 | 61,489.43 | 8,617.19 | 9,200.48 |
| 2018-03-31 | 61,489.43 | 8,617.19 | 9,200.48 |
| 2017-12-31 | 56,015.59 | 9,757.45 | 17,740.36 |
| 2017-09-30 | 56,015.59 | 9,757.45 | 17,740.36 |
| 2017-06-30 | 50,889.37 | 6,723.02 | 18,843.14 |
| 2017-03-31 | 50,889.37 | 6,723.02 | 18,843.14 |
| 2016-12-31 | 46,863.01 | 5,944.92 | 19,967.07 |
| 2016-09-30 | 46,863.01 | 5,944.92 | 19,967.07 |
| 2016-06-30 | 43,774.73 | 1,404.39 | 10,970.18 |
| 2016-03-31 | 43,774.73 | 1,404.39 | 10,970.18 |
| 2015-12-31 | 41,713.34 | 1,206.03 | 8,444.85 |
| 2015-09-30 | 41,713.34 | 1,206.03 | 8,444.85 |
| 2015-06-30 | 40,059.98 | 4,994.73 | 10,343.31 |
| 2015-03-31 | 40,059.98 | 4,994.73 | 10,343.31 |
| 2014-12-31 | 38,989.08 | 835.28 | 10,361.75 |
| 2014-09-30 | 38,989.08 | 835.28 | 10,361.75 |
| 2014-06-30 | 36,354.30 | 595.44 | 15,503.63 |
| 2014-03-31 | 36,354.30 | 595.44 | 15,503.63 |
| 2013-12-31 | 33,054.29 | 513.09 | 11,760.00 |
| 2013-09-30 | 33,054.29 | 513.09 | 11,760.00 |
| 2013-06-30 | 27,176.62 | 10,538.67 | 19,839.39 |
| 2013-03-31 | 27,176.62 | 10,538.67 | 19,839.39 |
| 2012-12-31 | 22,294.38 | 10,817.74 | 16,307.89 |
| 2012-09-30 | 22,294.38 | 10,817.74 | 16,307.89 |
- Galaxy Entertainment Group's level of debt (14.6%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (2.1% vs 14.6% today).
- Debt is well covered by operating cash flow (149.9%, greater than 20% of total debt).
- Galaxy Entertainment Group earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Galaxy Entertainment Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Galaxy Entertainment Group has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
27 Dividends
What is Galaxy 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
If you bought
HK$2,000 of
Galaxy Entertainment Group
shares you are expected to receive
HK$33
in your first year as a dividend.
Dividend Amount
- Galaxy Entertainment Group's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
- Galaxy Entertainment Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 23 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Hospitality Industry Average Dividend Yield | Market Cap Weighted Average of 44 Stocks | 2.7% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 978 Stocks | 3.6% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in HK$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 1.63 | 1.00 |
| 2022-12-31 | 1.33 | 1.00 |
| 2021-12-31 | 1.14 | 15.00 |
| 2020-12-31 | 1.06 | 19.00 |
| 2019-12-31 | 0.94 | 17.00 |
| Date (Data in HK$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-28 | 0.950 | 1.787 |
| 2019-02-28 | 0.950 | 1.786 |
| 2018-08-08 | 0.910 | 1.825 |
| 2018-03-23 | 0.740 | 1.130 |
| 2018-02-28 | 0.740 | 1.068 |
| 2017-09-20 | 0.590 | 1.001 |
| 2017-08-30 | 0.590 | 1.146 |
| 2017-03-24 | 0.440 | 0.979 |
| 2017-02-28 | 0.440 | 1.112 |
| 2016-10-26 | 0.330 | 0.943 |
| 2016-09-14 | 0.330 | 1.096 |
| 2016-08-25 | 0.330 | 1.214 |
| 2016-04-27 | 0.290 | 1.165 |
| 2016-03-23 | 0.290 | 1.026 |
| 2016-02-25 | 0.290 | 1.075 |
| 2015-09-09 | 0.420 | 1.760 |
| 2015-08-19 | 0.420 | 1.663 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Galaxy 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 Galaxy Entertainment Group only paid a dividend in the past 4 years.
Income/ dividend checks
We assess Galaxy Entertainment Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Galaxy Entertainment Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Galaxy Entertainment Group has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
27 Management
- Galaxy Entertainment Group has no CEO, or we have no data on them.
Management Team Tenure
Average tenure and age of the Galaxy Entertainment Group management team in years:
- The average tenure for the Galaxy Entertainment Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Che-Woo Lui
Founder
HK$60M
89
Francis Lui
Deputy Chairman & Member of Executive Board
HK$245M
63
Joseph Chee
MD of the Construction Materials Division
HK$9M
61
Paddy Tang
Member of Executive Board & Executive Director
HK$13M
65
27.9 yrs
Robert Drake
Group Chief Financial Officer
11.3 yrs
James Houghton
Director of Information Systems & Technology
3.3 yrs
Peter J. Caveny
Assistant Senior Vice President of Investor Relations
Raymond Kwok
Director of Legal
Buddy Lam
Senior Vice President of Public Relations
Gillian Murphy
Senior Vice President of Galaxy Macau and General Manager of Broadway - Galaxy Macau
Board of Directors Tenure
Average tenure and age of the Galaxy Entertainment Group board of directors in years:
- The average tenure for the Galaxy Entertainment Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Che-Woo Lui
Founder
HK$60M
89
Francis Lui
Deputy Chairman & Member of Executive Board
HK$245M
63
Joseph Chee
MD of the Construction Materials Division
HK$9M
61
15.3 yrs
Paddy Tang
Member of Executive Board & Executive Director
HK$13M
65
27.9 yrs
William Yip
Independent Non-Executive Director
HK$590K
81
14.6 yrs
James Ancell
Independent Non-Executive Director
HK$510K
65
15.3 yrs
Charles Cheung
Non-Executive Director
HK$240K
83
3.8 yrs
Patrick Wong
Independent Non Executive Director
HK$620K
71
10.9 yrs
Mike Mecca
Non-Executive Director
70
1.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. May 19 | Sell | Capital Research and Management Company | Company | 08. May 19 | 08. May 19 | -3,402,000 | HK$55.82 | HK$-189,891,817 | ||
| 08. May 19 | Buy | Capital Research and Management Company | Company | 06. May 19 | 06. May 19 | 5,737,000 | HK$57.25 | HK$328,415,117 | ||
| 17. Apr 19 | Sell | Michael Mecca | Individual | 12. Apr 19 | 12. Apr 19 | -50,000 | HK$57.37 | HK$-2,868,250 | ||
| 12. Mar 19 | Sell | Michael Mecca | Individual | 07. Mar 19 | 07. Mar 19 | -42,666 | HK$53.58 | HK$-2,285,963 | ||
| 01. Nov 18 | Sell | Capital Research and Management Company | Company | 30. Oct 18 | 30. Oct 18 | -5,138,000 | HK$40.80 | HK$-209,610,890 | ||
| 02. Nov 18 | Buy | Capital Research and Management Company | Company | 31. Oct 18 | 31. Oct 18 | 3,970,000 | HK$41.64 | HK$165,296,908 | ||
| 28. Sep 18 | Sell | Ying Chee | Individual | 24. Sep 18 | 24. Sep 18 | -69,000 | HK$52.69 | HK$-3,635,748 | ||
| 28. Sep 18 | Sell | Ying Chee | Individual | 26. Sep 18 | 26. Sep 18 | -80,000 | HK$52.78 | HK$-4,222,480 | ||
| 28. Sep 18 | Sell | Ying Chee | Individual | 28. Sep 18 | 28. Sep 18 | -51,000 | HK$50.57 | HK$-2,579,121 | ||
| 28. Sep 18 | Buy | Capital Research and Management Company | Company | 26. Sep 18 | 26. Sep 18 | 10,326,000 | HK$53.00 | HK$547,277,988 | ||
| 21. Sep 18 | Buy | Capital Research and Management Company | Company | 19. Sep 18 | 19. Sep 18 | 12,462,000 | HK$52.83 | HK$658,399,849 | ||
| 05. Sep 18 | Buy | Capital Research and Management Company | Company | 03. Sep 18 | 03. Sep 18 | 10,946,000 | HK$57.33 | HK$627,518,811 | ||
| 28. Aug 18 | Sell | Michael Mecca | Individual | 23. Aug 18 | 23. Aug 18 | -100,000 | HK$56.00 | HK$-5,599,750 | ||
Management checks
We assess Galaxy Entertainment Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Galaxy 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.
27 News
Simply Wall St News
Is Galaxy Entertainment Group (HKG:27) Using Too Much Debt?
We note that Galaxy Entertainment Group Limited (HKG:27) does have debt on its balance sheet. … Galaxy Entertainment Group may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Happily for any shareholders, Galaxy Entertainment Group actually produced more free cash flow than EBIT over the last three years.
Simply Wall St - – Full articleCan Galaxy Entertainment Group Limited's (HKG:27) ROE Continue To Surpass The Industry Average?
Check out our latest analysis for Galaxy Entertainment Group How Do I Calculate Return On Equity? … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Galaxy Entertainment Group: 22% = HK$14b ÷ HK$63b (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Galaxy Entertainment Group's Debt And Its 22% ROE Although Galaxy Entertainment Group does use debt, its debt to equity ratio of 0.15 is still low.
Simply Wall St - – Full articleThe Galaxy Entertainment Group (HKG:27) Share Price Is Up 125% And Shareholders Are Boasting About It
For example, the Galaxy Entertainment Group Limited (HKG:27) share price has soared 125% in the last three years. … During three years of share price growth, Galaxy Entertainment Group achieved compound earnings per share growth of 47% per year. … SEHK:27 Past and Future Earnings, June 26th 2019 It is of course excellent to see how Galaxy Entertainment Group has grown profits over the years, but the future is more important for shareholders.
Simply Wall St - – Full articleThe Galaxy Entertainment Group (HKG:27) Share Price Is Up 125% And Shareholders Are Boasting About It
For example, the Galaxy Entertainment Group Limited (HKG:27) share price has soared 125% in the last three years. … During three years of share price growth, Galaxy Entertainment Group achieved compound earnings per share growth of 47% per year. … We note that for Galaxy Entertainment Group the TSR over the last 3 years was 135%, which is better than the share price return mentioned above.
Simply Wall St - – Full articleShould You Ramp Up Holdings In Galaxy Entertainment Group Limited (HKG:27)?
High quality stocks such as Galaxy Entertainment Group Limited has fared well over time in a fickle stock market, which is why I want to bring it into light amongst all the chaos. … SEHK:27 Historical Debt, June 19th 2019 Galaxy Entertainment Group currently has HK$9.2b debt on its books which requires regular servicing. … Galaxy Entertainment Group tick the boxes in terms of its scale, financial health and proven track record, but there are a few other things I have yet to consider.
Simply Wall St - – Full articleA Close Look At Galaxy Entertainment Group Limited’s (HKG:27) 19% ROCE
Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Galaxy Entertainment Group: 0.19 = HK$12b ÷ (HK$87b - HK$24b) (Based on the trailing twelve months to December 2018.) So, Galaxy Entertainment Group has an ROCE of 19%. … Galaxy Entertainment Group's Current Liabilities And Their Impact On Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Galaxy Entertainment Group Limited (HKG:27)?
A look at the shareholders of Galaxy Entertainment Group Limited (HKG:27) can tell us which group is most powerful. … Check out our latest analysis for Galaxy Entertainment Group SEHK:27 Ownership Summary, May 29th 2019 What Does The Institutional Ownership Tell Us About Galaxy Entertainment Group? … Insider Ownership Of Galaxy Entertainment Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.
Simply Wall St - – Full articleWhat Does Galaxy Entertainment Group Limited's (HKG:27) P/E Ratio Tell You?
We'll apply a basic P/E ratio analysis to Galaxy Entertainment Group Limited's (HKG:27), to help you decide if the stock is worth further research. … See our latest analysis for Galaxy Entertainment Group How Do I Calculate Galaxy Entertainment Group's Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Galaxy Entertainment Group: P/E of 15.33 = HK$47.95 ÷ HK$3.13 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good?
Simply Wall St - – Full articleWith EPS Growth And More, Galaxy Entertainment Group (HKG:27) Is Interesting
If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Galaxy Entertainment Group (HKG:27). … I, for one, am blown away by the fact that Galaxy Entertainment Group has grown EPS by 47% per year, over the last three years. … While we note Galaxy Entertainment Group's EBIT margins were flat over the last year, revenue grew by a solid 14% to HK$55b.
Simply Wall St - – Full articleHave Insiders Been Selling Galaxy Entertainment Group Limited (HKG:27) Shares This Year?
So we'll take a look at whether insiders have been buying or selling shares in Galaxy Entertainment Group Limited (HKG:27). … Galaxy Entertainment Group Insider Transactions Over The Last Year. … Insiders in Galaxy Entertainment Group didn't buy any shares in the last year
Simply Wall St - – Full article27 Company Info
Description
Galaxy Entertainment Group Limited, an investment holding company, engages gaming and entertainment, and construction materials businesses in Macau, Hong Kong, and Mainland China. The company operates casino games of chance or games of other forms; and provides hospitality and related services. It owns and operates Galaxy Macau, an integrated resort; Broadway Macau, a landmark entertainment and food street destination situated; and StarWorld Macau, a 5-star hotel located in the Macau Peninsula, as well as City Club casinos. The company also manufactures, sells, and distributes construction materials, including concrete pipes and piles, asphalt, ready-mixed concrete, concrete products, slag, and cement; provides property investment, equipment leasing, quality assurance, project management, and security services; and imports, exports, trades in, and transports construction materials. In addition, it is involved in quarrying, aircraft holding and operating, and vessel holding activities. Galaxy Entertainment Group Limited is based in Central, Hong Kong.
Details
| Name: | Galaxy Entertainment Group Limited |
| 27 | |
| Exchange: | SEHK |
| Founded: | |
| HK$248,229,689,442 | |
| 4,332,106,273 | |
| Website: | http://www.galaxyentertainment.com |
| Address: |
Galaxy Entertainment Group Limited Wing On Centre, 22nd Floor, Central, Hong Kong |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 27 | Ordinary Shares | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 02. Jan 1992 | |
| OTCPK | GXYE.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| DB | KW9A | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| SWX | GLX | Ordinary Shares | SIX Swiss Exchange | CH | CHF | 02. Jan 1992 | |
| SHSC | 27 | Ordinary Shares | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 02. Jan 1992 | |
| SZSC | 27 | Ordinary Shares | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 02. Jan 1992 | |
| OTCPK | GXYY.Y | UNSPONSORED ADR | Pink Sheets LLC | US | USD | 18. Aug 2016 |
Number of employees
Current staff
Industry
| Casinos and Gaming | |
| Consumer Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/17 12:36 |
| End of day share price update: | 2019/07/17 00:00 |
| Last estimates confirmation: | 2019/07/15 |
| Last earnings filing: | 2019/03/28 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
