Risk factor
Poor trading liquidity
Profitability factor
Low dividends
About
SkyCity Entertainment Group Limited, encompassing its subsidiaries, is a prominent operator within the gaming, entertainment, hotel, convention, hospitality, and tourism industries across New Zealand and Australia. Its business activities are structured into key segments: Skycity Auckland, Other NZ Operations, SkyCity Adelaide, and International Business. SkyCity's diverse offerings include managing hotels and convention facilities, food and beverage services, the Sky Tower attraction, car parking solutions, and strategic property investments. Furthermore, it runs casinos in Auckland, Hamilton, and Queenstown, New Zealand, and in Adelaide, Australia, alongside numerous restaurants and bars. Complementing its physical venues, SkyCity offers hotel lodging and an online casino platform. By June 30, 2022, SkyCity's portfolio comprised 309 table games, 3,451 electronic gaming machines, 378 automated table games, 17 restaurants, 15 bars, and 755 hotel rooms, in addition to its online casino presence. Founded in 1994, SkyCity Entertainment Group Limited is headquartered in Auckland, New Zealand.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EB
Target Price
The average target price of SKC.AX is 0.81 and suggests 55.8% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in