company background image
3918

NagaCorpSEHK:3918 Stock Report

Market Cap

HK$31.2b

7D

1.0%

1Y

-13.9%

Updated

27 Oct, 2021

Data

Company Financials +
3918 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance1/6
Financial Health2/6
Dividends0/6

3918 Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for NagaCorp
Historical stock prices
Current Share PriceHK$7.25
52 Week HighHK$5.15
52 Week LowHK$11.18
Beta1.35
1 Month Change12.23%
3 Month Change21.24%
1 Year Change-13.90%
3 Year Change1.26%
5 Year Change52.63%
Change since IPO324.23%

Recent News & Updates

Oct 19
Here's Why NagaCorp (HKG:3918) Has A Meaningful Debt Burden

Here's Why NagaCorp (HKG:3918) Has A Meaningful Debt Burden

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Sep 23
NagaCorp (HKG:3918) Might Be Having Difficulty Using Its Capital Effectively

NagaCorp (HKG:3918) Might Be Having Difficulty Using Its Capital Effectively

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Shareholder Returns

3918HK HospitalityHK Market
7D1.0%-3.9%-0.5%
1Y-13.9%-26.4%6.3%

Return vs Industry: 3918 exceeded the Hong Kong Hospitality industry which returned -26.4% over the past year.

Return vs Market: 3918 underperformed the Hong Kong Market which returned 6.3% over the past year.

Price Volatility

Is 3918's price volatile compared to industry and market?
3918 volatility
3918 Beta1.35
Industry Beta1.11
Market Beta1

Stable Share Price: 3918 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 3918's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19956,958Lip Keong Chenhttps://www.nagacorp.com

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 Entertainment Operations. It owns, manages, and operates NagaWorld, an integrated hotel and entertainment complex that consists of 700 suites and deluxe rooms, public and premium gaming halls, an all-suite luxury spa, shopping gallery, food and beverage outlets, entertainment services, and meeting spaces, as well as hotel convention spaces for accommodation of approximately 1,000 delegates.

NagaCorp Fundamentals Summary

How do NagaCorp's earnings and revenue compare to its market cap?
3918 fundamental statistics
Market CapUS$4.01b
Earnings (TTM)US$4.45m
Revenue (TTM)US$631.61m

914.1x

P/E Ratio

6.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
3918 income statement (TTM)
RevenueUS$631.61m
Cost of RevenueUS$303.81m
Gross ProfitUS$327.80m
ExpensesUS$323.35m
EarningsUS$4.45m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.001
Gross Margin51.90%
Net Profit Margin0.70%
Debt/Equity Ratio32.6%

How did 3918 perform over the long term?

See historical performance and comparison

Valuation

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

914.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 3918 (HK$7.25) is trading above our estimate of fair value (HK$3.03)

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


Price To Earnings Ratio

PE vs Industry: 3918 is poor value based on its PE Ratio (914.1x) compared to the Hong Kong Hospitality industry average (19.7x).

PE vs Market: 3918 is poor value based on its PE Ratio (914.1x) compared to the Hong Kong market (9.5x).


Price to Earnings Growth Ratio

PEG Ratio: 3918 is poor value based on its PEG Ratio (7.9x)


Price to Book Ratio

PB vs Industry: 3918 is overvalued based on its PB Ratio (2.4x) compared to the HK Hospitality industry average (1.1x).


Future Growth

How is NagaCorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

115.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3918's forecast earnings growth (115.8% per year) is above the savings rate (1.5%).

Earnings vs Market: 3918's earnings (115.8% per year) are forecast to grow faster than the Hong Kong market (17.6% per year).

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

Revenue vs Market: 3918's revenue (52.9% per year) is forecast to grow faster than the Hong Kong market (12.4% per year).

High Growth Revenue: 3918's revenue (52.9% 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 low in 3 years time (18.4%).


Past Performance

How has NagaCorp performed over the past 5 years?

-0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3918 has high quality earnings.

Growing Profit Margin: 3918's current net profit margins (0.7%) are lower than last year (23.9%).


Past Earnings Growth Analysis

Earnings Trend: 3918's earnings have declined by 0.5% 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 (-98.5%) over the past year, making it difficult to compare to the Hospitality industry average (34.7%).


Return on Equity

High ROE: 3918's Return on Equity (0.3%) is considered low.


Financial Health

How is NagaCorp's financial position?


Financial Position Analysis

Short Term Liabilities: 3918's short term assets ($382.7M) exceed its short term liabilities ($257.2M).

Long Term Liabilities: 3918's short term assets ($382.7M) do not cover its long term liabilities ($625.6M).


Debt to Equity History and Analysis

Debt Level: 3918's debt to equity ratio (32.6%) 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 not well covered by operating cash flow (1.5%).

Interest Coverage: 3918's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


Dividend

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

3.04%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3918's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 3918's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 3918's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3918's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3918 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3918's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

7.6yrs

Average management tenure


CEO

Lip Keong Chen (74 yo)

no data

Tenure

US$26,937,000

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 Ta...


CEO Compensation Analysis

Compensation vs Market: Lip Keong's total compensation ($USD26.94M) is above average for companies of similar size in the Hong Kong market ($USD694.50K).

Compensation vs Earnings: Lip Keong's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 3918's management team is seasoned and experienced (7.6 years average tenure).


Board Members

Experienced Board: 3918's board of directors are considered experienced (8.4 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 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$31.168b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 10:07
End of Day Share Price2021/10/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.