SEHK:3918

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Executive Summary

NagaCorp Ltd., an investment holding company, manages and operates a hotel and casino complex in the Kingdom of Cambodia. More Details


Snowflake Analysis

Exceptional growth potential established dividend payer.

Share Price & News

How has NagaCorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3918 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 3918's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-0.6%

3918

-1.9%

HK Hospitality

-0.5%

HK Market


1 Year Return

-28.0%

3918

5.2%

HK Hospitality

7.6%

HK Market

Return vs Industry: 3918 underperformed the Hong Kong Hospitality industry which returned 5.2% over the past year.

Return vs Market: 3918 underperformed the Hong Kong Market which returned 7.6% over the past year.


Shareholder returns

3918IndustryMarket
7 Day-0.6%-1.9%-0.5%
30 Day17.5%8.2%5.3%
90 Day8.4%3.3%4.2%
1 Year-24.7%-28.0%6.9%5.2%11.9%7.6%
3 Year99.7%75.9%-9.7%-16.2%-1.2%-11.4%
5 Year150.6%97.3%41.0%21.8%29.7%7.9%

Long-Term Price Volatility Vs. Market

How volatile is NagaCorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is NagaCorp undervalued compared to its fair value and its price relative to the market?

19.02x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3918 (HK$10.08) is trading above our estimate of fair value (HK$6.67)

Significantly Below Fair Value: 3918 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 3918 is good value based on its PE Ratio (19x) compared to the HK Hospitality industry average (33.5x).

PE vs Market: 3918 is poor value based on its PE Ratio (19x) compared to the Hong Kong market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: 3918 is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: 3918 is overvalued based on its PB Ratio (3.6x) compared to the HK Hospitality industry average (0.9x).


Next Steps

Future Growth

How is NagaCorp forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

54.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3918's forecast earnings growth (54.6% per year) is above the savings rate (1.6%).

Earnings vs Market: 3918's earnings (54.6% per year) are forecast to grow faster than the Hong Kong market (21.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3918's revenue (30.4% per year) is forecast to grow faster than the Hong Kong market (13.7% per year).

High Growth Revenue: 3918's revenue (30.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 3918's Return on Equity is forecast to be high in 3 years time (23.8%)


Next Steps

Past Performance

How has NagaCorp performed over the past 5 years?

22.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3918 has high quality earnings.

Growing Profit Margin: 3918's current net profit margins (23.9%) are lower than last year (27.9%).


Past Earnings Growth Analysis

Earnings Trend: 3918's earnings have grown significantly by 22.5% per year over the past 5 years.

Accelerating Growth: 3918's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3918 had negative earnings growth (-34.9%) over the past year, making it difficult to compare to the Hospitality industry average (-60.5%).


Return on Equity

High ROE: 3918's Return on Equity (18.7%) is considered low.


Next Steps

Financial Health

How is NagaCorp's financial position?


Financial Position Analysis

Short Term Liabilities: 3918's short term assets ($405.6M) do not cover its short term liabilities ($618.9M).

Long Term Liabilities: 3918's short term assets ($405.6M) exceed its long term liabilities ($84.8M).


Debt to Equity History and Analysis

Debt Level: 3918's debt to equity ratio (18.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 3918's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 3918's debt is well covered by operating cash flow (197.7%).

Interest Coverage: 3918's interest payments on its debt are well covered by EBIT (90x coverage).


Balance Sheet


Next Steps

Dividend

What is NagaCorp current dividend yield, its reliability and sustainability?

7.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 3918's dividend (7.83%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.23%).

High Dividend: 3918's dividend (7.83%) is in the top 25% of dividend payers in the Hong Kong market (6.58%)


Stability and Growth of Payments

Stable Dividend: 3918's dividend payments have been volatile in the past 10 years.

Growing Dividend: 3918's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.7%), 3918's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 3918's dividends in 3 years are forecast to be covered by earnings (60.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.7yrs

Average management tenure


CEO

Lip Keong Chen (73 yo)

no data

Tenure

US$31,205,000

Compensation

Dr. Lip Keong Chen is the Founder of NagaCorp Ltd., and serves as its Chief Executive Officer. Tan Sri Dr. Chen serves as an Executive President of FACB Industries Incorporated Berhad. He is the Owner of T...


CEO Compensation Analysis

Compensation vs Market: Lip Keong's total compensation ($USD31.21M) is above average for companies of similar size in the Hong Kong market ($USD600.03K).

Compensation vs Earnings: Lip Keong's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Lip Keong Chen
Founderno dataUS$31.21m63.54%
$ 28.2b
Wai Lee
Executive Deputy Chairman2.67yrsUS$403.00kno data
Yiy Chen
Executive Director5.42yrsUS$174.00kno data
Sean Tan
CFO & Compliance Officer2.67yrsno datano data
Cherchi Chen
Managing Director of Finance & Operationsno datano datano data
Chai Gerard
Head of Investor Relations & MDno datano datano data
Mike Ngai
Chief Marketing Officer of South East Asiano datano datano data
Trung Phat Lien
Chief Marketing Officer of Macau and Chinano datano datano data
Anthony Betz
Chief Security Officerno datano datano data
Yi Lam
Company Secretary8yrsUS$27.00kno data
Shiong Lew
Executive Assistant to the Chief Executive Officer16.83yrsUS$238.00kno data

6.7yrs

Average Tenure

53yo

Average Age

Experienced Management: 3918's management team is seasoned and experienced (6.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lip Keong Chen
Founderno dataUS$31.21m63.54%
$ 28.2b
Wai Lee
Executive Deputy Chairman2.67yrsUS$403.00kno data
Yiy Chen
Executive Director5.42yrsUS$174.00kno data
Choong Leong
Independent Non-Executive Director2.17yrsUS$43.00kno data
Kai Lai
Independent Non-Executive Director9.58yrsUS$56.00kno data
Timothy McNally
Non-executive Chairman15.75yrsUS$582.00kno data
Mun Lim
Independent Non-Executive Director13.17yrsUS$78.00kno data

7.5yrs

Average Tenure

53yo

Average Age

Experienced Board: 3918's board of directors are considered experienced (7.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 3918 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

NagaCorp Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NagaCorp Ltd.
  • Ticker: 3918
  • Exchange: SEHK
  • Founded: 1995
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: HK$44.365b
  • Shares outstanding: 4.34b
  • Website: https://www.nagacorp.com

Number of Employees


Location

  • NagaCorp Ltd.
  • NagaWorld
  • Samdech Techo, Hun Sen Park
  • Phnom Penh
  • 120101
  • Cambodia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3918SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2006
N9JDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2006
NGCR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2006
NGCR.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDJun 2012

Biography

NagaCorp Ltd., an investment holding company, manages and operates a hotel and casino complex in the Kingdom of Cambodia. The company operates in two segments, Casino Operations, and Hotel and Entertainmen...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 10:03
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.