Declared Dividend • May 20
Final dividend of HK$0.80 announced Shareholders will receive a dividend of HK$0.80. Ex-date: 22nd May 2026 Payment date: 12th June 2026 Dividend yield will be 24%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 8 highly experienced directors. Independent Non-Executive Director Mike Mecca was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Feb 09
Galaxy Entertainment Group Limited to Report Fiscal Year 2025 Results on Feb 26, 2026 Galaxy Entertainment Group Limited announced that they will report fiscal year 2025 results on Feb 26, 2026 Duyuru • Aug 12
Galaxy Entertainment Group Limited Announces Interim Dividend for the Six Months Ended June 30, 2025, Payable on or About October 31, 2025 Galaxy Entertainment Group Limited's Board announced an interim dividend of $0.70 per share for the six months ended June 30, 2025 to be paid on or about 31 October 2025. Duyuru • Jul 29
Galaxy Entertainment Group Limited to Report First Half, 2025 Results on Aug 12, 2025 Galaxy Entertainment Group Limited announced that they will report first half, 2025 results on Aug 12, 2025 Duyuru • Feb 27
Galaxy Entertainment Group Limited, Annual General Meeting, May 08, 2025 Galaxy Entertainment Group Limited, Annual General Meeting, May 08, 2025. Duyuru • Feb 14
Galaxy Entertainment Group Limited to Report Fiscal Year 2024 Results on Feb 27, 2025 Galaxy Entertainment Group Limited announced that they will report fiscal year 2024 results on Feb 27, 2025 Duyuru • Dec 13
Galaxy Entertainment Group Limited Announces Appointment of Francis Lui Yiu Tung as Chairman of the Board The board of directors (the "Board") of Galaxy Entertainment Group Limited ("GEG", together with its subsidiaries, the "Group") announced that Mr. Francis Lui Yiu Tung ("Mr. Lui"), an executive Director of GEG and was appointed as the Deputy Chairman of the Board since February 1997, has been appointed as the Chairman of the Board with effect from 13 December 2024. Recent Insider Transactions • Nov 17
Independent Non-Executive Director recently sold €879k worth of stock On the 8th of November, Michael Victor Mecca sold around 200k shares on-market at roughly €4.39 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €4.20, the stock trades at a forward P/E ratio of 16x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total returns to shareholders of 1.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.55 per share. Upcoming Dividend • Sep 17
Upcoming dividend of HK$0.50 per share Eligible shareholders must have bought the stock before 24 September 2024. Payment date: 25 October 2024. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.6%). Reported Earnings • Sep 13
First half 2024 earnings released: EPS: HK$1.00 (vs HK$0.66 in 1H 2023) First half 2024 results: EPS: HK$1.00 (up from HK$0.66 in 1H 2023). Revenue: HK$21.5b (up 37% from 1H 2023). Net income: HK$4.39b (up 52% from 1H 2023). Profit margin: 20% (up from 18% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 18
First half dividend of HK$0.50 announced Shareholders will receive a dividend of HK$0.50. Ex-date: 24th September 2024 Payment date: 25th October 2024 Dividend yield will be 15%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 10% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 16
First half 2024 earnings released: EPS: HK$1.00 (vs HK$0.66 in 1H 2023) First half 2024 results: EPS: HK$1.00 (up from HK$0.66 in 1H 2023). Revenue: HK$21.5b (up 37% from 1H 2023). Net income: HK$4.39b (up 52% from 1H 2023). Profit margin: 20% (up from 18% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • Aug 15
Galaxy Entertainment Group Limited Announces Interim Dividend for the Six Months Ended June 30, 2024, Payable on or About 25 October 2024 Galaxy Entertainment Group Limited announced interim dividend of $0.50 per share for the six months ended June 30, 2024 to be paid on or about 25 October 2024. Record date: 30 September 2024, Ex-dividend date: 24 September 2024. Duyuru • Aug 05
Galaxy Entertainment Group Limited to Report First Half, 2024 Results on Aug 15, 2024 Galaxy Entertainment Group Limited announced that they will report first half, 2024 results on Aug 15, 2024 Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €3.90, the stock trades at a forward P/E ratio of 14x. Average trailing P/E is 22x in the Hospitality industry in Germany. Total loss to shareholders of 44% over the past three years. Reported Earnings • Apr 12
Full year 2023 earnings released: EPS: HK$1.56 (vs HK$0.79 loss in FY 2022) Full year 2023 results: EPS: HK$1.56 (up from HK$0.79 loss in FY 2022). Revenue: HK$35.7b (up 209% from FY 2022). Net income: HK$6.83b (up HK$10.3b from FY 2022). Profit margin: 19% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 15
Upcoming dividend of HK$0.30 per share Eligible shareholders must have bought the stock before 22 March 2024. Payment date: 26 April 2024. The company last paid an ordinary dividend in August 2015. The average dividend yield among industry peers is 3.0%. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: HK$1.56 (vs HK$0.79 loss in FY 2022) Full year 2023 results: EPS: HK$1.56 (up from HK$0.79 loss in FY 2022). Revenue: HK$36.5b (up 216% from FY 2022). Net income: HK$6.83b (up HK$10.3b from FY 2022). Profit margin: 19% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Duyuru • Feb 17
Galaxy Entertainment Group Limited to Report Fiscal Year 2023 Results on Feb 28, 2024 Galaxy Entertainment Group Limited announced that they will report fiscal year 2023 results on Feb 28, 2024 Upcoming Dividend • Sep 18
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 25 September 2023. Payment date: 27 October 2023. The company last paid an ordinary dividend in August 2015. The average dividend yield among industry peers is 2.5%. Reported Earnings • Sep 15
First half 2023 earnings released: EPS: HK$0.66 (vs HK$0.20 loss in 1H 2022) First half 2023 results: EPS: HK$0.66 (up from HK$0.20 loss in 1H 2022). Revenue: HK$15.7b (up 141% from 1H 2022). Net income: HK$2.89b (up HK$3.74b from 1H 2022). Profit margin: 18% (up from net loss in 1H 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Duyuru • Aug 18
Galaxy Entertainment Group Limited Announces Special Dividend Payable on or About 27 October 2023 Galaxy Entertainment Group Limited announced a special dividend of $0.2 per share to be paid on or about 27 October 2023. Reported Earnings • Aug 18
First half 2023 earnings released: EPS: HK$0.66 (vs HK$0.20 loss in 1H 2022) First half 2023 results: EPS: HK$0.66 (up from HK$0.20 loss in 1H 2022). Revenue: HK$15.7b (up 140% from 1H 2022). Net income: HK$2.89b (up HK$3.74b from 1H 2022). Profit margin: 18% (up from net loss in 1H 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • Aug 08
Galaxy Entertainment Group Limited to Report First Half, 2023 Results on Aug 17, 2023 Galaxy Entertainment Group Limited announced that they will report first half, 2023 results on Aug 17, 2023 Duyuru • May 17
Galaxy Entertainment Group Limited to Report Q1, 2023 Results on May 22, 2023 Galaxy Entertainment Group Limited announced that they will report Q1, 2023 results on May 22, 2023 Reported Earnings • Apr 20
Full year 2022 earnings released: HK$0.79 loss per share (vs HK$0.30 profit in FY 2021) Full year 2022 results: HK$0.79 loss per share (down from HK$0.30 profit in FY 2021). Net loss: HK$3.43b (down 359% from profit in FY 2021). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 24
Full year 2022 earnings released: HK$0.79 loss per share (vs HK$0.30 profit in FY 2021) Full year 2022 results: HK$0.79 loss per share (down from HK$0.30 profit in FY 2021). Revenue: HK$11.8b (down 41% from FY 2021). Net loss: HK$3.43b (down 359% from profit in FY 2021). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Duyuru • Feb 14
Galaxy Entertainment Group Limited to Report Fiscal Year 2022 Results on Feb 23, 2023 Galaxy Entertainment Group Limited announced that they will report fiscal year 2022 results on Feb 23, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Patrick Wong was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 19
First half 2022 earnings released: HK$0.20 loss per share (vs HK$0.22 profit in 1H 2021) First half 2022 results: HK$0.20 loss per share (down from HK$0.22 profit in 1H 2021). Revenue: HK$6.90b (down 35% from 1H 2021). Net loss: HK$850.5m (down 190% from profit in 1H 2021). Over the next year, revenue is forecast to grow 66%, compared to a 694% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Patrick Wong was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: HK$0.30 (vs HK$0.92 loss in FY 2020) Full year 2021 results: EPS: HK$0.30 (up from HK$0.92 loss in FY 2020). Revenue: HK$19.8b (up 53% from FY 2020). Net income: HK$1.33b (up HK$5.30b from FY 2020). Profit margin: 6.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 40%, compared to a 43% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 18
Upcoming dividend of HK$0.30 per share Eligible shareholders must have bought the stock before 25 March 2022. Payment date: 29 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: HK$0.30 (up from HK$0.92 loss in FY 2020). Revenue: HK$20.8b (up 62% from FY 2020). Net income: HK$1.33b (up HK$5.30b from FY 2020). Profit margin: 6.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 41%, compared to a 110% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
First half 2021 earnings released: EPS HK$0.22 (vs HK$0.66 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: HK$10.7b (up 71% from 1H 2020). Net income: HK$947.1m (up HK$3.80b from 1H 2020). Profit margin: 8.9% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 31
Full year 2020 earnings released: HK$0.92 loss per share (vs HK$3.01 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: HK$12.9b (down 75% from FY 2019). Net loss: HK$3.97b (down 131% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 30
Non-Executive Director recently sold €149k worth of stock On the 24th of March, Michael Victor Mecca sold around 20k shares on-market at roughly €7.44 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.5m. Insiders have been net sellers, collectively disposing of €5.9m more than they bought in the last 12 months. Recent Insider Transactions • Mar 11
Board Member recently sold €1.5m worth of stock On the 3rd of March, Ying Keung Chee sold around 200k shares on-market at roughly €7.73 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.3m more than they bought in the last 12 months. Reported Earnings • Feb 26
Full year 2020 earnings released: HK$0.92 loss per share (vs HK$3.01 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: HK$13.9b (down 73% from FY 2019). Net loss: HK$3.97b (down 131% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue misses expectations Revenue missed analyst estimates by 3.8%. Over the next year, revenue is forecast to grow 181%, compared to a 27% growth forecast for the Hospitality industry in Germany. Is New 90 Day High Low • Feb 25
New 90-day high: €7.98 The company is up 21% from its price of €6.58 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.95 per share. Is New 90 Day High Low • Feb 07
New 90-day high: €7.16 The company is up 20% from its price of €5.97 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.16 per share.