SKC Stock Overview
SkyCity Entertainment Group Limited, together with its subsidiaries, operates in the gaming, entertainment, hotel, convention, hospitality, and tourism sectors in New Zealand and Australia.
No risks detected for SKC from our risk checks.
SkyCity Entertainment Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$2.85|
|52 Week High||NZ$3.31|
|52 Week Low||NZ$2.47|
|1 Month Change||-2.40%|
|3 Month Change||3.64%|
|1 Year Change||-12.04%|
|3 Year Change||-29.10%|
|5 Year Change||-24.00%|
|Change since IPO||88.43%|
Recent News & Updates
These 4 Measures Indicate That SkyCity Entertainment Group (NZSE:SKC) Is Using Debt Extensively
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
SkyCity Entertainment Group's (NZSE:SKC) Returns On Capital Not Reflecting Well On The Business
What underlying fundamental trends can indicate that a company might be in decline? Businesses in decline often have...
|SKC||NZ Hospitality||NZ Market|
Return vs Industry: SKC exceeded the NZ Hospitality industry which returned -27.3% over the past year.
Return vs Market: SKC exceeded the NZ Market which returned -17% over the past year.
|SKC Average Weekly Movement||3.6%|
|Hospitality Industry Average Movement||5.6%|
|Market Average Movement||3.8%|
|10% most volatile stocks in NZ Market||8.0%|
|10% least volatile stocks in NZ Market||2.7%|
Stable Share Price: SKC is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SKC's weekly volatility (4%) has been stable over the past year.
About the Company
SkyCity Entertainment Group Limited, together with its subsidiaries, operates in the gaming, entertainment, hotel, convention, hospitality, and tourism sectors in New Zealand and Australia. The company operates through Skycity Auckland, Other NZ Operations, SkyCity Adelaide, and International Business segments. It engages in the hotels and convention, food and beverage, sky tower, car parking, property investment, and other related activities.
SkyCity Entertainment Group Fundamentals Summary
|SKC fundamental statistics|
Is SKC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SKC income statement (TTM)|
|Cost of Revenue||NZ$288.92m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Feb 15, 2023
|Earnings per share (EPS)||-0.044|
|Net Profit Margin||-6.04%|
How did SKC perform over the long term?See historical performance and comparison
Is SKC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SKC?
Other financial metrics that can be useful for relative valuation.
|What is SKC's n/a Ratio?|
Price to Sales Ratio vs Peers
How does SKC's PS Ratio compare to its peers?
|SKC PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
RBD Restaurant Brands New Zealand
MCK Millennium & Copthorne Hotels New Zealand
TAH Tabcorp Holdings
SKC SkyCity Entertainment Group
Price-To-Sales vs Peers: SKC is expensive based on its Price-To-Sales Ratio (3.9x) compared to the peer average (1.2x).
Price to Earnings Ratio vs Industry
How does SKC's PE Ratio compare vs other companies in the Oceanian Hospitality Industry?
Price-To-Sales vs Industry: SKC is expensive based on its Price-To-Sales Ratio (3.9x) compared to the Oceanic Hospitality industry average (2x)
Price to Sales Ratio vs Fair Ratio
What is SKC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||3.9x|
|Fair PS Ratio||2.1x|
Price-To-Sales vs Fair Ratio: SKC is expensive based on its Price-To-Sales Ratio (3.9x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).
Share Price vs Fair Value
What is the Fair Price of SKC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SKC (NZ$2.85) is trading below our estimate of fair value (NZ$5.78)
Significantly Below Fair Value: SKC is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is SkyCity Entertainment Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SKC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).
Earnings vs Market: SKC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SKC is expected to become profitable in the next 3 years.
Revenue vs Market: SKC's revenue (14.8% per year) is forecast to grow faster than the NZ market (5.6% per year).
High Growth Revenue: SKC's revenue (14.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SKC's Return on Equity is forecast to be low in 3 years time (9.6%).
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How has SkyCity Entertainment Group performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SKC is currently unprofitable.
Growing Profit Margin: SKC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SKC is unprofitable, and losses have increased over the past 5 years at a rate of 8.4% per year.
Accelerating Growth: Unable to compare SKC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SKC is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-13.5%).
Return on Equity
High ROE: SKC has a negative Return on Equity (-2.14%), as it is currently unprofitable.
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How is SkyCity Entertainment Group's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SKC's short term assets (NZ$326.0M) exceed its short term liabilities (NZ$268.9M).
Long Term Liabilities: SKC's short term assets (NZ$326.0M) do not cover its long term liabilities (NZ$903.5M).
Debt to Equity History and Analysis
Debt Level: SKC's net debt to equity ratio (30.6%) is considered satisfactory.
Reducing Debt: SKC's debt to equity ratio has reduced from 39.2% to 33.7% over the past 5 years.
Debt Coverage: SKC's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: SKC's interest payments on its debt are not well covered by EBIT (0.6x coverage).
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What is SkyCity Entertainment Group current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SKC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SKC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SKC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SKC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: SKC is not paying a notable dividend for the NZ market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SKC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Michael Ahearne is Director at Gaming Innovation Group Inc. from April 2022. He has been Chief Executive Officer since November 16, 2020 and served as Group Chief Operating Officer of SKYCITY Entertain...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD1.65M) is about average for companies of similar size in the NZ market ($USD1.48M).
Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.
Experienced Management: SKC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: SKC's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|21 Sep 22||BuyNZ$14,386,109||Accident Compensation Corporation, Asset Management Arm||Company||5,353,359||NZ$2.73|
|21 Sep 22||SellNZ$15,769,799||Accident Compensation Corporation, Asset Management Arm||Company||5,481,014||NZ$2.88|
|31 Aug 22||BuyNZ$25,964,483||Orbis Investment Management Limited||Company||9,351,952||NZ$2.78|
|31 Aug 22||SellNZ$4,697,961||Orbis Investment Management Limited||Company||1,661,834||NZ$2.83|
|03 Jun 22||BuyNZ$26,614,731||Orbis Investment Management Limited||Company||10,243,493||NZ$2.60|
|03 Jun 22||BuyNZ$32,507,128||Investors Mutual Limited||Company||11,562,574||NZ$2.81|
|03 Jun 22||SellNZ$5,199,118||Orbis Investment Management Limited||Company||1,968,424||NZ$2.64|
|31 May 22||BuyNZ$6,634,013||Accident Compensation Corporation, Asset Management Arm||Company||2,396,433||NZ$3.07|
|31 May 22||SellNZ$5,683,196||Accident Compensation Corporation, Asset Management Arm||Company||1,915,069||NZ$2.97|
|05 May 22||BuyNZ$38,204,376||AustralianSuper Pty. Ltd.||Company||10,146,097||NZ$3.77|
|02 May 22||SellNZ$2,878,384||AustralianSuper Pty. Ltd.||Company||760,638||NZ$3.78|
|24 Feb 22||BuyNZ$175,872||Chad Barton||Individual||60,000||NZ$2.93|
|24 Feb 22||SellNZ$324,719||Robert Campbell||Individual||111,000||NZ$2.93|
|30 Nov 21||BuyNZ$13,998,184||ASB Group Investments Ltd.||Company||4,187,838||NZ$3.34|
|30 Nov 21||BuyNZ$16,915,798||Colonial First State Investments Limited||Company||5,191,273||NZ$3.33|
|30 Nov 21||SellNZ$16,403,097||Colonial First State Investments Limited||Company||4,979,191||NZ$3.39|
|25 Oct 21||BuyNZ$23,762||First Sentier Investors (Australia) IM Ltd||Company||7,823||NZ$3.04|
|19 Oct 21||BuyNZ$100,346||Silvana Schenone||Individual||31,745||NZ$3.16|
|19 Oct 21||SellNZ$12,520,501||ASB Group Investments Ltd.||Company||4,150,011||NZ$3.02|
|27 Sep 21||SellNZ$189,597||Glen McLatchie||Individual||58,552||NZ$3.24|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
SkyCity Entertainment Group Limited's employee growth, exchange listings and data sources
- Name: SkyCity Entertainment Group Limited
- Ticker: SKC
- Exchange: NZSE
- Founded: 1994
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Implied Market Cap: NZ$2.159b
- Shares outstanding: 757.51m
- Website: https://skycityentertainmentgroup.com
Number of Employees
- SkyCity Entertainment Group Limited
- 99 Albert Street
- Level 13
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SKYZ.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Feb 1996|
|SKC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Feb 1996|
|SKC||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Feb 1996|
|SKC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Feb 1996|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/24 00:00|
|End of Day Share Price||2022/09/23 00:00|
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.