Star Entertainment Group Limited (AU:SGR)
ASX:SGR
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Star Entertainment Group Limited
(Sydney:SGR)
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Rating:40Underperform
Price Target:
AU$0.09
▼(-8.00% Downside)
Action:Downgraded
Date:04/30/26
Overall score is driven primarily by weak financial performance (declining revenue, losses, high leverage, and negative cash flows). Technicals also pressure the score due to a broad downtrend and negative momentum, with only modest oversold support. Valuation is not compelling because the negative P/E reflects unprofitability and there is no dividend yield data to offset risk.
Positive Factors
Diversified revenue streams
The Star’s integrated‑resort model generates revenue from gaming, hotels, food & beverage and events, creating multiple cash‑flow channels. This diversification cushions earnings vs pure gaming exposure, supports cross‑sell, and helps stabilize revenue across tourism and business cycles over months.
Negative Factors
Declining revenue trend
A persistent top‑line decline erodes operating leverage in a business with significant fixed costs. Lower revenue reduces ability to cover gaming and hospitality overheads, pressures margins and limits reinvestment capacity, making recovery and scale economics harder over subsequent quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
The Star’s integrated‑resort model generates revenue from gaming, hotels, food & beverage and events, creating multiple cash‑flow channels. This diversification cushions earnings vs pure gaming exposure, supports cross‑sell, and helps stabilize revenue across tourism and business cycles over months.
Read all positive factors
Star Entertainment Group Limited (SGR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$643.62M
Dividend YieldN/A
Average Volume (3M)7.69M
Price to Earnings (P/E)―
Beta (1Y)-0.05
Revenue Growth-26.19%
EPS Growth89.24%
CountryAU
Employees776
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-0.09
Shares Outstanding6,636,202,600
10 Day Avg. Volume7,974,632
30 Day Avg. Volume7,686,797
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.96
Price to Sales (P/S)0.28
P/FCF Ratio-1.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.03
Revenue Forecast (FY)AU$1.12B
Star Entertainment Group Limited Business Overview & Revenue Model
Company Description
The Star Entertainment Group Limited, established in 2011 and based in Brisbane, Australia, specializes in overseeing and managing integrated resort properties throughout Australia. Its business activities are organized across three key geographic...
How the Company Makes Money
SGR primarily makes money by operating integrated resort casinos. Its key revenue streams include: (1) Gaming revenue: earnings from casino gambling activities (such as table games and electronic gaming machines) generated from both domestic patro...
Star Entertainment Group Limited Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.18B | 1.36B | 1.67B | 1.86B | 1.53B | 1.55B |
| Gross Profit | 224.50M | 396.60M | 1.58B | 828.40M | 643.00M | 680.20M |
| EBITDA | -228.50M | -96.70M | -1.39B | -2.52B | 43.30M | 354.00M |
| Net Income | -279.30M | -471.50M | -1.68B | -2.44B | -202.50M | 57.90M |
Balance Sheet | ||||||
| Total Assets | 1.69B | 1.78B | 1.90B | 3.26B | 5.37B | 5.46B |
| Cash, Cash Equivalents and Short-Term Investments | 171.00M | 267.00M | 299.60M | 88.70M | 82.00M | 67.90M |
| Total Debt | 393.20M | 598.30M | 301.80M | 757.20M | 1.33B | 1.29B |
| Total Liabilities | 1.11B | 1.38B | 1.06B | 1.49B | 1.94B | 1.85B |
| Stockholders Equity | 576.80M | 403.20M | 833.30M | 1.77B | 3.43B | 3.61B |
Cash Flow | ||||||
| Free Cash Flow | -248.00M | -213.00M | -30.30M | -147.90M | -15.50M | 301.10M |
| Operating Cash Flow | -200.00M | -144.10M | 46.00M | -12.60M | 127.30M | 403.20M |
| Investing Cash Flow | 23.90M | -30.30M | -94.80M | -160.60M | -123.70M | -187.30M |
| Financing Cash Flow | 245.70M | 141.80M | 259.70M | 98.10M | 10.50M | -214.10M |
Star Entertainment Group Limited Technical Analysis
Negative
0.10
Price Trends
0.11
Negative
0.12
Negative
0.11
Negative
Market Momentum
>-0.01
Negative
32.71
Neutral
20.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SGR, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.11, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 32.71 is Neutral, neither overbought nor oversold. The STOCH value of 20.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SGR.
Star Entertainment Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$1.81B | 54.80 | 2.62% | 2.01% | 5.46% | ― | |
64 Neutral | AU$459.77M | 12.06 | 30.58% | 4.84% | 8.48% | -7.58% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | AU$174.30M | 16.11 | 48.57% | 5.00% | 4.81% | 6.37% | |
45 Neutral | AU$166.42M | -4.37 | -22.97% | ― | 51.36% | 76.07% | |
43 Neutral | AU$354.54M | -15.19 | 653.24% | ― | 5.56% | 8.45% | |
40 Underperform | AU$643.62M | -1.23 | -57.00% | ― | -26.19% | 89.24% |
* Consumer Cyclical Sector Average
AU:SGR
Star Entertainment Group Limited
0.10
-0.02
-15.65%
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Star Entertainment Group Limited Corporate Events
The Star Sydney Fined $10m Over Historical Financial Crime and Compliance Breaches
Jun 1, 2026
The Star Entertainment Group’s Sydney casino has been hit with $10 million in fines and ordered to allocate a further $5 million to upgrade technology for financial crime risk management, following thousands of historical compliance breaches...
The Star Entertainment Group Reports Late Director Interest Notice After Board Appointment
May 27, 2026
The Star Entertainment Group has announced the appointment of Don Pasquariello as a non-executive director, effective 30 April 2026, and lodged his Initial Director’s Interest Notice with the ASX. The notice confirms he holds no relevant int...
Star Entertainment Completes Debt Refinancing as Casino Licence Talks Continue
May 7, 2026
The Star Entertainment Group has completed a refinancing of its group debt with funds associated with WhiteHawk Capital Partners, strengthening its capital position amid ongoing regulatory scrutiny. This move is part of broader efforts to stabilis...
Star Entertainment Secures WhiteHawk Facility to Refinance Debt and Boost Liquidity
May 7, 2026
The Star Entertainment Group has secured a new three-year US$390 million credit facility with funds associated with WhiteHawk Capital Partners, refinancing its existing debt in full. The facility, broadly in line with the pricing of its previous a...
The Star Entertainment Group Confirms Appointment of New Non-Executive Director
Apr 30, 2026
The Star Entertainment Group has confirmed the appointment of Don Pasquariello as a Non-Executive Director, following the receipt of all required regulatory and ministerial approvals. His appointment, first proposed in November 2025, strengthens t...
The Star Narrows Loss, Advances JV Exit and Refinancing Amid Going-Concern Risks
Apr 27, 2026
The Star Entertainment Group reported third-quarter FY26 revenue of $266 million, down 12% on the prior quarter, and a small EBITDA loss of $1 million, a marked improvement on the $24 million loss a year earlier due to cost savings and higher oper...
The Star Entertainment Group Adds Veteran Gaming Executive Grant Bowie to Board
Apr 16, 2026
The Star Entertainment Group has appointed veteran tourism, gaming and hospitality executive Grant Bowie as a Non-Executive Director, with his formal board role contingent on obtaining required regulatory and ministerial approvals. Bowie will init...
Star Entertainment Cuts Performance Rights and Options in Capital Restructure
Apr 13, 2026
The Star Entertainment Group Limited has notified the market of the cessation of a substantial number of equity-based incentives, including performance rights and options, under its issued capital. The securities that have ceased comprise more tha...
Star Entertainment appoints governance veteran Brooke Lindsay to its board
Apr 1, 2026
The Star Entertainment Group has appointed veteran legal and governance executive Brooke Lindsay as a Non-Executive Director, initially joining as a Board Observer pending regulatory and ministerial approvals. Her appointment underscores the compa...
The Star Finalises Exit from Brisbane Consortium and Resets Queen’s Wharf Fee Structure
Apr 1, 2026
The Star Entertainment Group has completed the first stage of its previously announced asset transaction by selling its interest in Destination Brisbane Consortium, owner of the Queen’s Wharf Brisbane integrated resort, to joint venture part...
Star Sydney Casino Licence Suspension Extended Under Regulatory Oversight
Mar 31, 2026
The Star Entertainment Group has confirmed that the casino licence for The Star Sydney will remain suspended following advice from the NSW Independent Casino Commission, which has judged the operator not yet suitable to resume holding the licence ...
The Star Entertainment Group Secures WhiteHawk Debt Refinancing Deal
Mar 29, 2026
The Star Entertainment Group has secured a binding commitment from funds associated with WhiteHawk Capital Partners to refinance all of its existing group debt and provide additional liquidity for normal operations. The facility totals about US$39...
The Star Entertainment Overhauls Leadership With New CFO and Key Executive Hires
Mar 20, 2026
The Star Entertainment Group has appointed H.C. Charles (Charlie) Diao as Group Chief Financial Officer, bringing in an experienced U.S.-based finance executive from Bally’s Corporation to oversee financial stability, capital strategy and su...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.