SkyCity Entertainment Group Limited

NZSE:SKC Stock Report

Market Cap: NZ$804.5m

SkyCity Entertainment Group Valuation

Is SKC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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.

NZ$1.06
Fair Value
31.4% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: SKC (NZ$0.73) is trading below our estimate of fair value (NZ$1.06)

Significantly Below Fair Value: SKC is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SKC?

Key metric: As SKC is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SKC. This is calculated by dividing SKC's market cap by their current earnings.
What is SKC's PE Ratio?
PE Ratio27.5x
EarningsNZ$29.23m
Market CapNZ$804.51m

Price to Earnings Ratio vs Peers

How does SKC's PE Ratio compare to its peers?

The above table shows the PE ratio for SKC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
RBD Restaurant Brands New Zealand
24.3x15.60%NZ$628.8m
MCK Millennium & Copthorne Hotels New Zealand
20.9xn/aNZ$391.3m
MAGNUM Magnum Berhad
10.3x-1.11%RM 2.0b
SPTOTO Sports Toto Berhad
7.9x2.88%RM 1.8b
SKC SkyCity Entertainment Group
27.5x35.74%NZ$804.5m

Price-To-Earnings vs Peers: SKC is expensive based on its Price-To-Earnings Ratio (27.5x) compared to the peer average (17.7x).

Price to Earnings Ratio vs Industry

How does SKC's PE Ratio compare vs other companies in the Oceanian Hospitality Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SKC 27.5xIndustry Avg. 21.8xNo. of Companies4PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SKC is expensive based on its Price-To-Earnings Ratio (27.5x) compared to the Global Hospitality industry average (21.8x).

Price to Earnings Ratio vs Fair Ratio

What is SKC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SKC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.5x
Fair PE Ratio31.6x

Price-To-Earnings vs Fair Ratio: SKC is good value based on its Price-To-Earnings Ratio (27.5x) compared to the estimated Fair Price-To-Earnings Ratio (31.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SKC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNZ$0.73
NZ$1.08
+47.95%
20.83%NZ$1.50NZ$0.85n/a5
Oct ’26NZ$0.66
NZ$1.22
+84.34%
22.84%NZ$1.60NZ$0.95n/a3
Sep ’26NZ$0.69
NZ$1.35
+95.65%
18.52%NZ$1.60NZ$1.10n/a2
Aug ’26NZ$0.98
NZ$1.60
+62.93%
36.56%NZ$2.80NZ$1.00n/a6
Jul ’26NZ$0.89
NZ$1.54
+72.85%
40.41%NZ$2.80NZ$1.00n/a6
Jun ’26NZ$0.95
NZ$1.54
+61.93%
40.41%NZ$2.80NZ$1.00n/a6
May ’26NZ$1.15
NZ$1.69
+46.52%
31.23%NZ$2.80NZ$1.20n/a6
Apr ’26NZ$1.28
NZ$1.69
+31.64%
31.23%NZ$2.80NZ$1.20n/a6
Mar ’26NZ$1.32
NZ$1.71
+29.55%
30.85%NZ$2.80NZ$1.20n/a6
Feb ’26NZ$1.40
NZ$1.85
+32.14%
31.60%NZ$3.10NZ$1.30n/a6
Jan ’26NZ$1.45
NZ$1.85
+27.59%
31.60%NZ$3.10NZ$1.30n/a6
Dec ’25NZ$1.45
NZ$1.85
+27.59%
31.60%NZ$3.10NZ$1.30n/a6
Nov ’25NZ$1.37
NZ$1.85
+35.04%
31.60%NZ$3.10NZ$1.30NZ$0.736
Oct ’25NZ$1.43
NZ$1.85
+29.37%
31.60%NZ$3.10NZ$1.30NZ$0.666
Sep ’25NZ$1.49
NZ$1.83
+23.04%
31.95%NZ$3.10NZ$1.30NZ$0.696
Aug ’25NZ$1.61
NZ$1.88
+16.98%
29.98%NZ$3.10NZ$1.40NZ$0.986
Jul ’25NZ$1.48
NZ$1.88
+27.25%
29.98%NZ$3.10NZ$1.40NZ$0.896
Jun ’25NZ$1.74
NZ$2.55
+46.55%
22.13%NZ$3.50NZ$1.80NZ$0.956
May ’25NZ$1.75
NZ$2.60
+48.57%
21.79%NZ$3.50NZ$1.80NZ$1.156
Apr ’25NZ$2.08
NZ$2.60
+25.00%
21.79%NZ$3.50NZ$1.80NZ$1.286
Mar ’25NZ$1.97
NZ$2.57
+30.29%
22.14%NZ$3.50NZ$1.80NZ$1.326
Feb ’25NZ$2.01
NZ$2.68
+33.08%
23.34%NZ$3.50NZ$1.80NZ$1.406
Jan ’25NZ$1.82
NZ$2.67
+46.52%
23.26%NZ$3.50NZ$1.80NZ$1.456
Dec ’24NZ$1.89
NZ$2.89
+53.00%
17.76%NZ$3.50NZ$2.10NZ$1.456
Nov ’24NZ$1.83
NZ$2.89
+58.01%
17.76%NZ$3.50NZ$2.10NZ$1.376
NZ$1.08
Fair Value
32.4% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/02 05:34
End of Day Share Price 2025/10/31 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SkyCity Entertainment Group Limited is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew RyanBarrenjoey Markets Pty Limited
Lafitani SotiriouBell Potter
null nullCLSA