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Galaxy Entertainment Group
(0027)
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Rating:80Outperform
Price Target:
HK$39.00
▲(12.26% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by strong financial fundamentals (especially a conservative balance sheet and solid recent profitability/cash flow) and reasonable valuation with a strong dividend yield. Technicals are constructive in the short-to-medium term but still below the 200-day moving average, and the sharp 2025 revenue contraction remains the main risk factor.
Positive Factors
Conservative balance sheet
Very low leverage provides durable financial flexibility: the company can fund operations, capital expenditures or support dividends without relying on volatile market financing. Low interest burden also cushions cash flow in downturns and preserves strategic optionality over months to years.
Negative Factors
Sharp 2025 revenue decline
A large one-year revenue drop signals vulnerability in top-line drivers (visitor volumes, gaming win rates or premium demand). Even with strong margins, such swings can make earnings and cash flows less predictable and constrain multi-quarter strategic planning and capital deployment.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage provides durable financial flexibility: the company can fund operations, capital expenditures or support dividends without relying on volatile market financing. Low interest burden also cushions cash flow in downturns and preserves strategic optionality over months to years.
Read all positive factors
Galaxy Entertainment Group (0027) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$145.41B
Dividend Yield5.3%
Average Volume (3M)10.85M
Price to Earnings (P/E)13.1
Beta (1Y)0.81
Revenue Growth8.39%
EPS Growth11.34%
CountryHK
Employees21,200
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)2.45
Shares Outstanding4,379,240,700
10 Day Avg. Volume8,007,870
30 Day Avg. Volume10,846,697
Financial Highlights & Ratios
PEG Ratio0.71
Price to Book (P/B)2.02
Price to Sales (P/S)5.67
P/FCF Ratio15.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$44.98Price Target Upside29.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)2.44
Revenue Forecast (FY)HK$51.75B
Galaxy Entertainment Group Business Overview & Revenue Model
Company Description
Galaxy Entertainment Group Limited operates as an investment holding company with diversified interests spanning Macau, Hong Kong, and Mainland China. Its core activities include the gaming and entertainment sector, where it manages various casino...
How the Company Makes Money
Galaxy Entertainment Group primarily generates revenue from operating integrated resorts in Macau. Its main revenue stream is casino gaming, where it earns money from customers’ wagering activity across table games and electronic gaming (the compa...
Galaxy Entertainment Group Earnings Call Summary
Earnings Call Date:Aug 15, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The earnings call highlights strong revenue and EBITDA growth, strategic market penetration, and effective cost management, alongside increased dividends and visitation rates. However, there are challenges such as slight underperformance in gaming luck and intense market competition. Overall, the sentiment is positive with a focus on growth and confidence in the market.Positive Updates
Significant Revenue and EBITDA Growth
GEG reported revenue of $10.9 billion, up 26% year-on-year and 3% quarter-on-quarter. Adjusted EBITDA was $3.2 billion, up 28% year-on-year and 12% quarter-on-quarter.
Negative Updates
Slightly Unlucky Q2 Performance
The company played slightly unlucky in Q2, decreasing adjusted EBITDA by $20 million.
Read all updates
Q2-2024 Updates
Positive
Negative
Significant Revenue and EBITDA Growth
GEG reported revenue of $10.9 billion, up 26% year-on-year and 3% quarter-on-quarter. Adjusted EBITDA was $3.2 billion, up 28% year-on-year and 12% quarter-on-quarter.
Read all positive updates
Company Guidance
During the Q2 2024 earnings call for Galaxy Entertainment Group (GEG), several key metrics and strategic initiatives were highlighted. GEG reported a revenue of $10.9 billion, marking a 26% year-on-year and 3% quarter-on-quarter increase, while adjusted EBITDA reached $3.2 billion, representing a 28% year-on-year and 12% quarter-on-quarter rise. The company maintained a strong balance sheet with a net cash position of $25.2 billion as of Q2 2024, and declared an interim dividend of $0.50 per share. GEG's Mass revenue was 114% of 2019 levels, with Galaxy Macau's Mass business achieving 134-137% of 2019's levels. Strategic initiatives included the installation of smart tables, which began in early July, and the expansion of facilities such as Capella at Galaxy Macau. GEG also noted a disciplined approach to cost management, with total OpEx down 2% from Q1 and staff costs representing around 75% of OpEx. The company remained committed to enhancing customer experience and capturing growth in the Asian market.Galaxy Entertainment Group Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.88B | 29.59B | 43.43B | 23.00B | 8.40B | 12.95B |
| Gross Profit | 16.13B | 16.14B | 25.54B | 11.61B | -779.32M | 3.43B |
| EBITDA | 12.04B | 13.36B | 12.62B | 9.99B | -1.16B | 3.47B |
| Net Income | 10.71B | 10.67B | 8.76B | 6.83B | -3.43B | 1.33B |
Balance Sheet | ||||||
| Total Assets | 100.49B | 99.84B | 94.58B | 87.22B | 80.96B | 85.24B |
| Cash, Cash Equivalents and Short-Term Investments | 21.41B | 16.92B | 22.42B | 17.15B | 16.35B | 21.44B |
| Total Debt | 2.56B | 2.61B | 4.85B | 2.16B | 8.06B | 6.97B |
| Total Liabilities | 15.41B | 16.21B | 18.19B | 16.00B | 16.50B | 16.17B |
| Stockholders Equity | 84.61B | 83.14B | 75.95B | 70.76B | 63.91B | 68.42B |
Cash Flow | ||||||
| Free Cash Flow | 6.85B | 10.78B | 6.72B | 5.63B | -8.04B | -10.39B |
| Operating Cash Flow | 8.31B | 14.25B | 11.55B | 11.59B | -2.98B | -3.49B |
| Investing Cash Flow | -7.83B | -10.33B | -4.75B | -10.67B | 3.04B | 4.58B |
| Financing Cash Flow | -3.21B | -8.15B | -1.98B | -7.81B | -155.89M | -2.41B |
Galaxy Entertainment Group Technical Analysis
Negative
34.74
Price Trends
32.49
Positive
31.66
Positive
34.41
Negative
Market Momentum
0.24
Positive
47.56
Neutral
45.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0027, the sentiment is Negative. The current price of 34.74 is above the 20-day moving average (MA) of 34.04, above the 50-day MA of 32.49, and above the 200-day MA of 34.41, indicating a neutral trend. The MACD of 0.24 indicates Positive momentum. The RSI at 47.56 is Neutral, neither overbought nor oversold. The STOCH value of 45.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0027.
Galaxy Entertainment Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$145.41B | 13.09 | 12.77% | 5.30% | 8.39% | 11.34% | |
64 Neutral | HK$39.79B | 8.42 | 129.87% | 5.97% | 11.01% | 6.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$29.71B | 9.65 | -22.18% | 8.10% | 9.38% | 60.07% | |
59 Neutral | HK$111.61B | 15.77 | 65.49% | 7.43% | 8.73% | -3.66% | |
48 Neutral | HK$7.30B | 6.84 | 52.47% | 0.66% | 6.61% | ― | |
43 Neutral | HK$10.08B | -18.28 | -4.07% | 3.09% | -16.41% | -3217.39% |
* Consumer Cyclical Sector Average
HK:0027
Galaxy Entertainment Group
32.08
-7.24
-18.42%
HK:0880
SJM Holdings
1.40
-1.48
-51.56%
HK:0200
Melco International
3.15
-2.45
-43.84%
HK:2282
MGM China Holdings
10.10
-5.43
-34.97%
HK:1928
Sands China
13.38
-6.82
-33.75%
HK:1128
Wynn Macau
5.50
-0.83
-13.04%
Galaxy Entertainment Group Corporate Events
Galaxy Entertainment Sets August Board Meeting to Approve Interim Results and Consider Dividend
Jul 29, 2026
Galaxy Entertainment Group Limited has scheduled a board meeting for 12 August 2026 to review and approve the publication of its unaudited interim results for the six months ended 30 June 2026. The board will also consider whether to declare, reco...
Galaxy Entertainment Names New Company Secretary as Governance Veteran Retires
Jun 30, 2026
Galaxy Entertainment Group has announced a leadership change in its corporate governance team, with long-serving company secretary and authorised representative Mr. Chong Wai Sang set to retire from both roles effective 1 July 2026. The board note...
Galaxy Entertainment Details Board and Committee Structure
May 13, 2026
Galaxy Entertainment Group Limited has announced the current composition of its board, detailing the mix of executive, non-executive and independent non-executive directors, led by chairman Francis Lui Yiu Tung. The disclosure also outlines member...
Galaxy Entertainment revamps board with new independent and non-executive directors
May 12, 2026
Galaxy Entertainment Group announced the retirement of independent non-executive directors Dr. William Yip Shue Lam and Michael Victor Mecca, who will step down from the board and its key committees in May 2026, with both affirming no disagreement...
Galaxy Entertainment Investors Back All AGM Resolutions, Maintain Board and Capital Flexibility
May 12, 2026
Galaxy Entertainment Group shareholders approved all resolutions at the 12 May 2026 annual general meeting, including the adoption of 2025 financial statements, a final dividend, and the re-election of key board members. Investors also backed the ...
Galaxy Entertainment posts steady Q1, doubles down on Macau expansion and live events
May 12, 2026
Galaxy Entertainment Group reported first-quarter 2026 net revenue of HK$12.4 billion, up 11% year-on-year but down 10% quarter-on-quarter, with adjusted EBITDA rising 8% year-on-year to HK$3.6 billion but easing sequentially due to luck factors, ...
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.