Risk factor
Poor trading liquidity
Profitability factor
Weak growth
About
SkyCity Entertainment Group Limited, operating with its various subsidiaries, is a comprehensive leisure and hospitality enterprise active across New Zealand and Australia. The company's core businesses encompass gaming, entertainment, hotels, convention services, hospitality, and tourism. Its operations are structured into distinct segments: Skycity Auckland, other New Zealand operations, SkyCity Adelaide, and an International Business division. The group's diverse offerings include hotels, convention centers, food and beverage establishments, the iconic Sky Tower, parking services, and property investments. SkyCity manages casino complexes in Auckland, Hamilton, and Queenstown in New Zealand, as well as in Adelaide, Australia, often featuring a wide array of restaurants and bars. Furthermore, it provides hotel accommodations and runs an online casino service. As of June 30, 2022, SkyCity's extensive facilities included 309 table games, 3,451 electronic gaming machines, 378 automated table games, 17 restaurants, 15 bars, 755 hotel rooms, and an online casino. The company was established in 1994 and is headquartered in Auckland, New Zealand.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is overpriced on P/E, of fair value on EV/EBITD
Target Price
The average target price of SKC.AX is 0.81 and suggests 47.3% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in