Stock Analysis Report

Executive Summary

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



Flawless balance sheet with proven track record.

Similar Companies

Share Price & News

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

Latest Share Price and Events

Market Performance

7 Day Return




SG Hospitality


SG Market

1 Year Return




SG Hospitality


SG Market

Return vs Industry: G13 exceeded the SG Hospitality industry which returned -6.6% over the past year.

Return vs Market: G13 underperformed the SG Market which returned 0.4% over the past year.

Share holder returns

7 Day2.8%2.9%0.9%
30 Day1.7%1.9%-2.6%
90 Day-1.1%-2.7%-6.8%
1 Year0.5%-3.2%-3.3%-6.6%4.4%0.4%
3 Year33.5%19.6%24.6%13.0%15.5%3.1%
5 Year0.1%-12.9%0.07%-13.7%11.6%-6.9%

Price Volatility Vs. Market

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

Simply Wall St News


Is Genting Singapore undervalued based on future cash flows and its price relative to the stock market?


Discount to future cash flow value

Intrinsic Value Based on Future Cash Flows

Undervalued: G13 (SGD0.92) is trading below our estimate of fair value (SGD1.01)

Significantly Undervalued: G13 is trading below fair value, but not by a significant amount.

Price Based on Earnings

PE vs Industry: G13 is good value based on its PE Ratio (15x) compared to the Hospitality industry average (24.3x).

PE vs Market: G13 is poor value based on its PE Ratio (15x) compared to the SG market (13.3x).

Price Based on Expected Growth

Low PEG Ratio: G13 is poor value based on its PEG Ratio (12.6x)

Price Based on Value of Assets

PB vs Industry: G13 is overvalued based on its PB Ratio (1.4x) compared to the SG Hospitality industry average (0.9x).

Next Steps

Future Growth

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


Forecasted annual earnings growth

Earnings and Revenue Growth Estimates

Future Annual Growth Analysis

Earnings vs Savings Rate: G13's forecast earnings growth (1.2% per year) is below the savings rate (2.3%).

Earnings vs Market: G13's earnings (1.2% per year) are forecast to grow slower than the SG market (5.7% per year).

High Growth Earnings: G13's earnings are forecast to grow, but not significantly.

Revenue vs Market: G13's revenue (1.7% per year) is forecast to grow slower than the SG market (5.4% per year).

High Growth Revenue: G13's revenue (1.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Estimates

Future Return on Equity

High Future ROE: G13's Return on Equity is forecast to be low in 3 years time (8.2%).

Next Steps

Past Performance

How has Genting Singapore performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Past Earnings Growth Analysis

Earnings Trend: G13's earnings have grown by 19.7% per year over the past 5 years.

Accelerating Growth: G13's earnings growth over the past year (9.4%) is below its 5-year average (19.7% per year).

Earnings vs Industry: G13 earnings growth over the past year (9.4%) exceeded the Hospitality industry -10.9%.

Return on Equity

High ROE: G13's Return on Equity (9.3%) is considered low.

Return on Assets

ROA vs Industry: G13 has a higher Return on Assets than the Hospitality industry average last year.

Return on Capital Employed

ROCE Improving: G13 has significantly improved its Return on Capital Employed over the past 3 years.

Next Steps

Financial Health

How is Genting Singapore's financial position?

Financial Position Analysis

Short Term Liabilities: G13's short term assets (SGD3.8B) exceeds its short term liabilities (SGD626.3M)

Long Term Liabilities: G13's short term assets (3.8B) exceeds its long term liabilities (538.4M)

Debt to Equity History and Analysis

Debt Level: G13's debt to equity ratio (3.2%) is considered satisfactory

Reducing Debt: G13's debt to equity ratio has reduced from 19.7% to 3.2% over the past 5 years.

Debt Coverage: G13's debt is well covered by operating cash flow (449.6%).

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

Balance Sheet

Inventory Level: G13 has a high level of physical assets or inventory.

Debt Coverage by Assets: G13's debt is covered by short term assets (assets are 15.254130x debt).

Next Steps


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


Expected Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Dividend Yield and Payments Analysis

Notable Dividend: G13's dividend (3.83%) is higher than the bottom 25% of dividend payers in the SG market (2.5%).

High Dividend: G13's dividend (3.83%) is low compared to the top 25% of dividend payers in the SG market (5.57%).

Stable Dividend: G13 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: G13's dividend payments have increased, but the company has only paid a dividend for 8 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.4%), G13's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: G13's dividends in 3 years are forecast to be covered by earnings (61.3% payout ratio).

Next Steps


What is the CEO of Genting Singapore's salary, the management and board of directors tenure and is there insider trading?


Average management tenure


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

Management Age and Tenure


Average Tenure


Average Age

Experienced Management: G13's management team is seasoned and experienced (9.7 years average tenure).

Board Age and Tenure


Average Tenure


Average Age

Experienced Board: G13's board of directors are considered experienced (6 years average tenure).

Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

SellS$116,25013 May 19
Seow Koh
Member of the Board of Directors
Independent Non-Executive Director
Max PriceS$0.93

Ownership Breakdown

Management Team

  • Kok Thay Lim (67yo)

    Executive Chairman

    • Tenure: 25.9yrs
  • Hee Teck Tan (63yo)


    • Tenure: 9.7yrs
  • Shi Ruh Lee (51yo)

    Chief Financial Officer

    • Tenure: 9.8yrs
  • On Nam Lee

    Executive Officer

    • Tenure: 0yrs
  • Jason Horkin

    Executive Officer

    • Tenure: 0yrs
  • Jason Pearce

    Executive Officer

    • Tenure: 0yrs
  • Lan Hing Liew

    Company Secretary

    • Tenure: 1.5yrs
  • Mark Chee

    Senior Vice President of Legal & Compliance - RWS

    • Tenure: 0yrs
  • Nanami Kasasaki

    Chief Corporate Officer

    • Tenure: 0yrs
  • Alan Teo

    Assistant Chief Operating Officer - RWS

    • Tenure: 0yrs

Board Members

  • Kok Thay Lim (67yo)

    Executive Chairman

    • Tenure: 25.9yrs
  • Hee Teck Tan (63yo)


    • Tenure: 9.7yrs
  • Seow Koh (80yo)

    Independent Non-Executive Director

    • Tenure: 11.4yrs
  • Jonathan Asherson (63yo)

    Independent Non-Executive Director

    • Tenure: 2.4yrs
  • Wah Tan (58yo)

    Independent Non-Executive Director

    • Tenure: 1.9yrs
  • Carolina Chan (57yo)

    Lead Independent Director

    • Tenure: 0.5yrs

Company Information

Genting Singapore Limited's company bio, 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$10.972b
  • Shares outstanding: 12.06b
  • Website:

Number of Employees


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


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
G13SGX (Singapore Exchange)YesOrdinary SharesSGSGDJan 1992
GIGN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
36TDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992


Genting Singapore Limited engages in the development, management, and operation of integrated resort destinations in Asia. Its integrated resort destinations comprise gaming, hospitality, MICE, leisure, an ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:37
End of Day Share Price2019/10/14 00:00
Annual Earnings2018/12/31

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.


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