Risk factor
Very high price volatility
Profitability factor
Undervalued vs peers
About
Bloomberry Resorts Corporation (BLBRF) is an enterprise primarily engaged in the development, ownership, and management of hotels, casinos, and extensive integrated resort complexes across the Philippines and South Korea. The company's focus includes crafting tourist destinations, particularly large-scale casino-entertainment hubs that seamlessly integrate gaming facilities, accommodation, retail outlets, amusement zones, and various themed elements. A significant asset in its portfolio is the Solaire Resort & Casino, a premier hotel and gaming destination. This resort boasts a comprehensive array of gaming options, including numerous slot machines, traditional gaming tables, and modern electronic table games. Accommodation ranges from comfortable hotel rooms and lavish suites to exclusive bayside villas. Guests can enjoy diverse culinary experiences at its multiple food and beverage establishments, such as Chinese, Korean, Japanese, and Italian restaurants, an international buffet, a noodle shop, a lively entertainment lounge, a food court, and various bars. Additional amenities comprise a multi-level parking structure, a luxurious spa, a cutting-edge fitness center, and a picturesque Bayview promenade. Furthermore, Bloomberry oversees the Sky Tower, an all-suite hotel that forms part of its offerings. This sophisticated component features VIP gaming salons equipped with tables and slot machines, an exclusive bar for its high-profile patrons, versatile meeting rooms, boardrooms, and a dedicated pre-function area. It also houses a lyrical theater, the Waterside Restobar, Oasis Garden Café, and a unique shooting club with both rifle and pistol bays, alongside its own multi-level parking facility. Beyond these, the company's operations extend to the Jeju Sun Hotel & Casino, which offers guest rooms, a full suite of gaming options (tables and electronic machines), and various dining establishments. Bloomberry also manages cruise terminals. Headquartered in Paranaque City, the Philippines, Bloomberry Resorts Corporation operates as a subsidiary of Prime Strategic Holdings, Inc.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. In particular, the stock is of fair value on EV/EBITDA, trading at neutral levels on P/FC.