Event Hospitality & Entertainment Ltd. (EVT) AI Stock Analysis

• Market Cap: AU$2.47B
• Dividend Yield: 2.36%
• Average Volume (3M): 122.37K
• Price to Earnings (P/E): 281.5
• Beta (1Y): 0.87
• Revenue Growth: -1.82%
• EPS Growth: -76.20%
• Country: AU
• Employees: 10,000
• Sector: Communication Services
• Sector Strength: 84
• Industry: Entertainment
• EPS (TTM): 0.05
• Shares Outstanding: 162,522,420
• 10 Day Avg. Volume: 125,560
• 30 Day Avg. Volume: 122,373
• PEG Ratio: 4.17
• Price to Book (P/B): 2.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.47
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$14.99
• Price Target Upside: -1.45% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

Event Hospitality & Entertainment Ltd. demonstrates strengths in revenue growth and cash flow management, but faces challenges with profitability and high valuation metrics. The stock shows positive technical trends, but the high P/E ratio suggests it may be overvalued, presenting a risk if growth expectations are not met.

Event Hospitality & Entertainment Ltd. Business Overview & Revenue Model

Company Description

Event Hospitality & Entertainment Ltd. (EVT) is a leading entertainment, hospitality, and leisure company based in Australia. It operates across several key sectors, including cinema exhibition, hotel management, and property development. EVT is renowned for its Event Cinemas, which offer a wide range of film experiences, and Rydges Hotels & Resorts, which provide premium accommodation services. The company also engages in property development and management, enhancing its portfolio with strategic investments in prime locations.

How the Company Makes Money

EVT generates revenue through its diverse portfolio of operations. The primary revenue streams include ticket sales and concessions from its Event Cinemas, which attract large audiences through a mix of blockbuster films and premium viewing experiences. In the hospitality sector, EVT earns income from room bookings, food and beverage services, and event hosting at its Rydges Hotels & Resorts. Additionally, the company leverages its expertise in property development and management to generate income through leasing, property sales, and management fees. Strategic partnerships with film distributors, hospitality service providers, and property developers further augment EVT's ability to maximize its revenue potential across its various sectors.

Event Hospitality & Entertainment Ltd. Financial Statement Overview

Summary

Event Hospitality & Entertainment Ltd. has shown resilience with revenue growth and improved cash flow management, despite facing challenges in profitability and operational margins. The balance sheet exhibits a stable capital structure, though profitability metrics indicate a need for strategic improvements to enhance shareholder returns.

Income Statement

Event Hospitality & Entertainment Ltd. has shown positive revenue growth from 2023 to 2024, although the gross profit margin has slightly decreased. The net profit margin is significantly lower compared to the previous year, indicating reduced profitability. The EBIT and EBITDA margins have also decreased, suggesting operational challenges.

Balance Sheet

The company's debt-to-equity ratio indicates moderate leverage, with a slight reduction in total debt over the past year. Return on equity has diminished, reflecting a decline in profitability. However, the equity ratio remains stable, indicating a balanced capital structure.

Cash Flow

Free cash flow has increased significantly from 2023 to 2024, demonstrating improved cash generation. The operating cash flow to net income ratio remains strong, signifying efficient cash conversion. However, the free cash flow to net income ratio highlights some inconsistencies in profitability.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
1.21B	1.19B	1.17B	856.05M	572.16M	990.17M
	Gross Profit
925.38M	902.77M	370.41M	196.01M	27.28M	164.00M
	EBIT
371.80M	89.92M	109.80M	-30.76M	-142.62M	-75.57M
	EBITDA
170.91M	289.69M	384.33M	155.00M	174.24M	224.98M
	Net Income Common Stockholders
8.85M	4.82M	106.53M	53.32M	-48.04M	-56.99M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
101.31M	106.42M	207.00M	175.16M	120.98M	76.59M
	Total Assets
2.65B	2.91B	3.01B	2.90B	2.98B	2.63B
	Total Debt
1.34B	1.32B	1.40B	1.33B	1.49B	1.43B
	Net Debt
1.24B	1.22B	1.19B	1.16B	1.37B	1.35B
	Total Liabilities
1.64B	1.95B	2.00B	1.98B	2.11B	1.71B
	Stockholders Equity
1.01B	964.14M	1.01B	920.77M	872.54M	923.44M
Cash Flow		Free Cash Flow
148.22M	133.27M	27.16M	176.40M	117.58M	44.13M
	Operating Cash Flow
238.38M	222.98M	230.85M	275.88M	144.48M	173.22M
	Investing Cash Flow
-86.49M	-94.65M	-132.82M	-6.37M	18.08M	-121.67M
	Financing Cash Flow
-159.59M	-228.53M	-77.21M	-212.13M	-117.31M	-69.35M

Event Hospitality & Entertainment Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.21
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EVT, the sentiment is Positive. The current price of 15.21 is above the 20-day moving average (MA) of 14.40, above the 50-day MA of 13.84, and above the 200-day MA of 11.82, indicating a bullish trend. The MACD of 0.45 indicates Negative momentum. The RSI at 69.41 is Neutral, neither overbought nor oversold. The STOCH value of 78.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EVT.

Event Hospitality & Entertainment Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FLT	71 Outperform	$3.02B	26.30	9.61%	3.10%	7.22%	-28.93%
QAN	68 Neutral	$15.35B	12.10	321.42%	2.65%	9.24%	-7.82%
EVT	63 Neutral	AU$2.47B	281.55	0.90%	2.36%	-1.82%	-76.20%
Sector *	60 Neutral	$14.09B	6.90	-3.35%	3.68%	2.44%	-36.27%
RHC	55 Neutral	$8.29B	1,013.76	0.52%	2.40%	7.25%	-99.04%

Event Hospitality & Entertainment Ltd. Corporate Events

EVT Announces Property Divestment Amid Positive Financial Results

Event Hospitality & Entertainment Ltd. (EVT) announced its plans to divest its property at 525 George Street, Sydney, which led to a notable share price movement. Despite this, EVT reported a positive financial performance for the half-year ending December 2024, with increases in both statutory and normalised EBITDA and NPAT compared to the previous year, aligning with market expectations.

Director’s Interest in EVT Limited Changes with New Acquisition of Performance Rights

EVT Limited announced a change in the interest of its director, Jane Megan Hastings, who has acquired 183,437 Performance Rights under the company’s Performance Rights Plan. This acquisition increases her total holdings to 574,438 Performance Rights, potentially impacting the company’s governance and signaling confidence in its future performance.

EVT Limited Issues New Performance Rights to Employees

Event Hospitality & Entertainment Ltd., trading under the name EVT Limited, has announced the issuance of 871,625 performance rights as part of an employee incentive scheme. These securities, which are not intended to be quoted on the ASX, are part of the company’s strategy to motivate and retain key personnel, potentially impacting its operational efficiency and competitive positioning in the market.

Event Hospitality & Entertainment Ltd. Announces Half-Year Results Webcast

Event Hospitality & Entertainment Ltd. released a webcast and dial-in details for their half-year results presentation for the period ending December 31, 2024. Stakeholders can access the briefing on February 24, 2025, through the provided links, enabling them to gain insights into the company’s performance and future outlook.

Event Hospitality & Entertainment Ltd. Reports Robust Hotel Growth and Strategic Property Divestment

Event Hospitality & Entertainment Ltd. reported a strong half-year performance with significant growth in its hotels division, which achieved a record EBITDA of $52.8 million, up 10.9% from the previous year. Despite challenges in its Thredbo division due to unfavorable weather and a reduced film supply in cinemas, the company made strategic decisions to divest its 525 George Street property to allocate capital towards accelerating growth in its hotel division, demonstrating resilience and strategic foresight.

Event Hospitality & Entertainment Announces Dividend for H2 2024

Event Hospitality & Entertainment Ltd., trading under the code EVT on the ASX, has announced a dividend of AUD 0.16 per ordinary fully paid share for the six-month period ending December 31, 2024. The dividend will be payable on March 20, 2025, with a record date of March 6, 2025. This dividend announcement reflects the company’s ongoing commitment to returning value to shareholders, and it may impact stakeholder expectations positively regarding the company’s financial health and future performance.

Event Hospitality & Entertainment Ltd. Reports Increased Profit Despite Revenue Dip

Event Hospitality & Entertainment Ltd. reported a 0.7% decrease in revenue to AUD 654.29 million for the half year ending December 31, 2024, compared to the previous year. Despite the dip in revenue, the company saw a 3.8% increase in EBITDA to AUD 169.76 million and a 14.9% rise in profit after tax to AUD 31.13 million, indicating improved operational efficiency and profitability.