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Galaxy Entertainment Group

SEHK:27
Snowflake Description

Outstanding track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
27
SEHK
HK$248B
Market Cap
  1. Home
  2. HK
  3. Consumer Services
Company 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 last earnings update was 111 days ago. More info.


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27 Share Price and Events
7 Day Returns
2.2%
SEHK:27
2.4%
HK Hospitality
1.5%
HK Market
1 Year Returns
-9.4%
SEHK:27
-6.3%
HK Hospitality
-4.7%
HK Market
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.
Price Volatility
27
Industry
5yr Volatility vs Market

27 Value

 Is Galaxy 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 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.
Raw Data

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

SEHK:27 Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for SEHK:27
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.

SEHK:27 DCF 1st Stage: Next 10 year cash flow forecast
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
SEHK:27 DCF 2nd Stage: Terminal Value
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
SEHK:27 Total Equity Value
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
SEHK:27 Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
SEHK:27 PE (Price to Earnings) Ratio Data Sources
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.

SEHK:27 PE (Price to Earnings) Ratio Calculation
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?
Raw Data
SEHK:27 PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

SEHK:27 PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
SEHK:27 PB (Price to Book) Ratio Data Sources
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
SEHK:27 PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Galaxy 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. 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

 How is Galaxy Entertainment Group expected to perform in the next 1 to 3 years based on estimates from 23 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
6.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Galaxy Entertainment Group expected to grow at an attractive rate?
  • 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
Raw Data
SEHK:27 Future Growth Rates Data Sources
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
Raw Data
SEHK:27 Analysts Growth Expectations Data Sources
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 numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:27 Future Estimates Data
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
SEHK:27 Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Galaxy Entertainment Group's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
  • Galaxy Entertainment Group's revenue is expected to grow by 7.7% 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
SEHK:27 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.

SEHK:27 Future Estimates Data
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
SEHK:27 Past Financials Data
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%).
X
Future performance checks
We assess Galaxy 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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
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
Below we compare Galaxy 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.
  • 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
Galaxy 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 Galaxy Entertainment Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:27 Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Galaxy 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Galaxy 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 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.
Raw Data

All data from Galaxy Entertainment Group Company Filings, last reported 6 months ago.

SEHK:27 Past Debt and Equity Data
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.
X
Financial health checks
We assess Galaxy 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. Galaxy 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.

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
Dividend payments
1.66%
Current annual income from Galaxy Entertainment Group dividends. Estimated to be 1.86% next year.
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
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?
  • 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.
Raw Data
SEHK:27 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 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.

SEHK:27 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 1.63 1.00
2022-12-31 1.33 1.00
2021-12-31 1.14 15.00
2020-12-31 1.06 19.00
2019-12-31 0.94 17.00
SEHK:27 Past Annualized Dividends Data
Date (Data in HK$) 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.
Current Payout to shareholders
What portion of Galaxy Entertainment Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Galaxy Entertainment Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Galaxy Entertainment Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Galaxy Entertainment Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Galaxy 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.
  • 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:

11.3
Average Tenure
64
Average Age
  • 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

TITLE
Founder
COMPENSATION
HK$60M
AGE
89

Francis Lui

TITLE
Deputy Chairman & Member of Executive Board
COMPENSATION
HK$245M
AGE
63

Joseph Chee

TITLE
MD of the Construction Materials Division
COMPENSATION
HK$9M
AGE
61

Paddy Tang

TITLE
Member of Executive Board & Executive Director
COMPENSATION
HK$13M
AGE
65
TENURE
27.9 yrs

Robert Drake

TITLE
Group Chief Financial Officer
TENURE
11.3 yrs

James Houghton

TITLE
Director of Information Systems & Technology
TENURE
3.3 yrs

Peter J. Caveny

TITLE
Assistant Senior Vice President of Investor Relations

Raymond Kwok

TITLE
Director of Legal

Buddy Lam

TITLE
Senior Vice President of Public Relations

Gillian Murphy

TITLE
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:

14.6
Average Tenure
70
Average Age
  • 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

TITLE
Founder
COMPENSATION
HK$60M
AGE
89

Francis Lui

TITLE
Deputy Chairman & Member of Executive Board
COMPENSATION
HK$245M
AGE
63

Joseph Chee

TITLE
MD of the Construction Materials Division
COMPENSATION
HK$9M
AGE
61
TENURE
15.3 yrs

Paddy Tang

TITLE
Member of Executive Board & Executive Director
COMPENSATION
HK$13M
AGE
65
TENURE
27.9 yrs

William Yip

TITLE
Independent Non-Executive Director
COMPENSATION
HK$590K
AGE
81
TENURE
14.6 yrs

James Ancell

TITLE
Independent Non-Executive Director
COMPENSATION
HK$510K
AGE
65
TENURE
15.3 yrs

Charles Cheung

TITLE
Non-Executive Director
COMPENSATION
HK$240K
AGE
83
TENURE
3.8 yrs

Patrick Wong

TITLE
Independent Non Executive Director
COMPENSATION
HK$620K
AGE
71
TENURE
10.9 yrs

Mike Mecca

TITLE
Non-Executive Director
AGE
70
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
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
X
Management checks
We assess Galaxy 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. 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 -

Can 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 -

The 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 -

The 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 -

Should 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 -

A 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 -

What 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 -

What 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 -

With 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 -

Have 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 -

27 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
Staff numbers
21,000
Galaxy Entertainment Group employees.
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.