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G13

Genting SingaporeSGX:G13 Stock Report

Market Cap

S$9.5b

7D

-7.2%

1Y

-8.3%

Updated

30 Nov, 2021

Data

Company Financials +
G13 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance3/6
Financial Health6/6
Dividends2/6

G13 Stock Overview

Genting Singapore Limited engages in the development, management, and operation of integrated resort destinations in Asia.

Rewards

Trading at 49.5% below our estimate of its fair value

Earnings are forecast to grow 29.55% per year

Risk Analysis

No risks detected for G13 from our risk checks.

Genting Singapore Competitors

Las Vegas Sands

NYSE:LVS

US$28.5b

Melco Resorts & Entertainment

NasdaqGS:MLCO

US$4.8b

Genting Berhad

KLSE:GENTING

RM17.6b

Genting Malaysia Berhad

KLSE:GENM

RM16.2b

Price History & Performance

Summary of all time highs, changes and price drops for Genting Singapore
Historical stock prices
Current Share PriceS$0.77
52 Week HighS$0.95
52 Week LowS$0.71
Beta1.19
1 Month Change-1.28%
3 Month Change-0.65%
1 Year Change-8.33%
3 Year Change-24.51%
5 Year Change-21.43%
Change since IPO-0.001%

Recent News & Updates

Nov 05
Is Genting Singapore Limited (SGX:G13) Potentially Undervalued?

Is Genting Singapore Limited (SGX:G13) Potentially Undervalued?

While Genting Singapore Limited ( SGX:G13 ) might not be the most widely known stock at the moment, it saw a decent...

Oct 17
Genting Singapore Limited's (SGX:G13) Intrinsic Value Is Potentially 85% Above Its Share Price

Genting Singapore Limited's (SGX:G13) Intrinsic Value Is Potentially 85% Above Its Share Price

Does the October share price for Genting Singapore Limited ( SGX:G13 ) reflect what it's really worth? Today, we will...

Oct 04
These 4 Measures Indicate That Genting Singapore (SGX:G13) Is Using Debt Safely

These 4 Measures Indicate That Genting Singapore (SGX:G13) Is Using Debt Safely

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

Aug 23
Genting Singapore (SGX:G13) Hasn't Managed To Accelerate Its Returns

Genting Singapore (SGX:G13) Hasn't Managed To Accelerate Its Returns

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Jul 17
Is Now An Opportune Moment To Examine Genting Singapore Limited (SGX:G13)?

Is Now An Opportune Moment To Examine Genting Singapore Limited (SGX:G13)?

Genting Singapore Limited ( SGX:G13 ), might not be a large cap stock, but it received a lot of attention from a...

Shareholder Returns

G13SG HospitalitySG Market
7D-7.2%-3.5%-2.9%
1Y-8.3%4.1%9.6%

Return vs Industry: G13 underperformed the SG Hospitality industry which returned 4.1% over the past year.

Return vs Market: G13 underperformed the SG Market which returned 9.6% over the past year.

Price Volatility

Is G13's price volatile compared to industry and market?
G13 volatility
G13 Average Weekly Movement3.0%
Hospitality Industry Average Movement5.1%
Market Average Movement4.9%
10% most volatile stocks in SG Market14.2%
10% least volatile stocks in SG Market2.1%

Stable Share Price: G13 is not significantly more volatile than the rest of SG stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: G13's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984n/an/ahttps://www.gentingsingapore.com

Genting Singapore Limited engages in the development, management, and operation of integrated resort destinations in Asia. The company primarily owns Resorts World Sentosa, a destination resort, S.E.A. Aquarium, Adventure Cove Waterpark, Universal Studios Singapore Theme Park, hotels, MICE venues, restaurants, SPA, and specialty retail outlets.

Genting Singapore Fundamentals Summary

How do Genting Singapore's earnings and revenue compare to its market cap?
G13 fundamental statistics
Market CapS$9.53b
Earnings (TTM)S$274.14m
Revenue (TTM)S$1.17b

33.9x

P/E Ratio

7.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
G13 income statement (TTM)
RevenueS$1.17b
Cost of RevenueS$697.36m
Gross ProfitS$472.93m
ExpensesS$198.80m
EarningsS$274.14m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.023
Gross Margin40.41%
Net Profit Margin23.42%
Debt/Equity Ratio3.1%

How did G13 perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

44%

Payout Ratio

Valuation

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

49.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: G13 (SGD0.77) is trading below our estimate of fair value (SGD1.53)

Significantly Below Fair Value: G13 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: G13 is poor value based on its PE Ratio (33.9x) compared to the SG Hospitality industry average (18.6x).

PE vs Market: G13 is poor value based on its PE Ratio (33.9x) compared to the SG market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: G13 is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: G13 is overvalued based on its PB Ratio (1.2x) compared to the SG Hospitality industry average (0.9x).


Future Growth

How is Genting Singapore forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

29.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: G13's forecast earnings growth (29.5% per year) is above the savings rate (1.8%).

Earnings vs Market: G13's earnings (29.5% per year) are forecast to grow faster than the SG market (13.7% per year).

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

Revenue vs Market: G13's revenue (22.1% per year) is forecast to grow faster than the SG market (7.3% per year).

High Growth Revenue: G13's revenue (22.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: G13's Return on Equity is forecast to be low in 3 years time (6.9%).


Past Performance

How has Genting Singapore performed over the past 5 years?

-3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: G13 has high quality earnings.

Growing Profit Margin: G13's current net profit margins (23.4%) are higher than last year (12%).


Past Earnings Growth Analysis

Earnings Trend: G13's earnings have declined by 3.8% per year over the past 5 years.

Accelerating Growth: G13's earnings growth over the past year (38.4%) exceeds its 5-year average (-3.8% per year).

Earnings vs Industry: G13 earnings growth over the past year (38.4%) underperformed the Hospitality industry 94.1%.


Return on Equity

High ROE: G13's Return on Equity (3.5%) is considered low.


Financial Health

How is Genting Singapore's financial position?


Financial Position Analysis

Short Term Liabilities: G13's short term assets (SGD3.3B) exceed its short term liabilities (SGD423.8M).

Long Term Liabilities: G13's short term assets (SGD3.3B) exceed its long term liabilities (SGD472.4M).


Debt to Equity History and Analysis

Debt Level: G13 has more cash than its total debt.

Reducing Debt: G13's debt to equity ratio has reduced from 16.3% to 3.1% over the past 5 years.

Debt Coverage: G13's debt is well covered by operating cash flow (169.6%).

Interest Coverage: G13 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Genting Singapore current dividend yield, its reliability and sustainability?

1.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: G13's dividend (1.3%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.02%).

High Dividend: G13's dividend (1.3%) is low compared to the top 25% of dividend payers in the SG market (5.34%).


Stability and Growth of Payments

Stable Dividend: G13's dividend payments have been volatile in the past 10 years.

Growing Dividend: G13's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44%), G13's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: G13's dividends in 3 years are forecast to be covered by earnings (61% payout ratio).


Next Steps

Management

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

11.8yrs

Average management tenure


CEO

Genting Singapore has no CEO, or we have no data on them.


Leadership Team

Experienced Management: G13's management team is seasoned and experienced (11.8 years average tenure).


Board Members

Experienced Board: G13's board of directors are considered experienced (4.3 years average tenure).


Ownership

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.


Ownership Breakdown

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


Top Shareholders

Company Information

Genting Singapore Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Genting Singapore Limited
  • Ticker: G13
  • Exchange: SGX
  • Founded: 1984
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: S$9.531b
  • Shares outstanding: 12.06b
  • Website: https://www.gentingsingapore.com

Number of Employees


Location

  • Genting Singapore Limited
  • 10 Sentosa Gateway
  • Resorts World Sentosa
  • Singapore
  • 98270
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 11:03
End of Day Share Price2021/11/30 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.