SKYCITY Entertainment Group Limited (SKYZF) Stock Price & Analysis
SKYZF Stock Chart & Stats
- Day’s Range
- $0.37 - $0.40
- 52-Week Range
- $0.31 - $0.61
- Previous Close
- $0.38
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- $427.11M
- Enterprise Value
- $1.21B
- Total Cash (Recent Filing)
- $114.42M
- Total Debt (Recent Filing)
- $719.34M
- Price to Earnings (P/E)
- 39.2
- Beta
- 0.22
- Next Earnings
- Feb 25, 2027 (Est.)
- EPS Estimate
- 0.01
- Last Dividend Ex-Date
- Mar 06, 2024
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Diversified Integrated Precinct Revenue
The integrated precinct model provides multiple revenue streams beyond gaming, including hotels, food and beverage, and events. Recent non-gaming growth offset a gaming decline, demonstrating diversification that can support resilience and improve revenue quality over the next several quarters.
Asset Monetisation And Cost Reduction
The asset-sale programme and operating reset provide identifiable ways to release capital and lower the recurring cost base. If execution remains on track, proceeds can support deleveraging while savings may improve margins and strengthen the business’s medium-term earnings capacity.
Improving Balance-sheet Flexibility
Lower debt-to-equity and a substantial equity base give SkyCity a more supported balance sheet than the prior year. This financial foundation can help the company fund essential investment, manage remediation obligations, and pursue its restructuring plan with greater flexibility.
Bears Say
Weaker Profitability And Cash Conversion
Revenue contraction, sharply lower margins, and volatile earnings indicate reduced operating leverage and weaker profitability than in earlier years. Negative recent free cash flow further shows that accounting profit is not consistently converting into funds available for debt reduction or reinvestment.
Regulatory Remediation And Fine Exposure
The regulatory fine and delayed remediation extend uncertainty over Adelaide’s operating model and future costs. They can consume management attention, constrain the asset’s strategic options, and keep earnings exposed to compliance spending and additional execution requirements through the medium term.
Elevated Leverage Relative To Target
Leverage remains materially above the company’s stated target, leaving less financial headroom while profitability and cash flow are pressured. Achieving the planned reduction depends on asset sales, cost savings, and operating execution, creating balance-sheet risk if those measures are delayed.
SKYCITY Entertainment Group Limited News
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Company Description
SKYCITY Entertainment Group Limited
SkyCity Entertainment Group Limited, known by its ticker SKC.NZ, operates as a diversified entertainment and leisure conglomerate across both New Zealand and Australia. Its extensive business encompasses various sectors including gaming, hospitality, hotel management, convention services, and tourism. The company structures its diverse operations through distinct segments: SkyCity Auckland, other New Zealand operations, SkyCity Adelaide, and its International Business division. Beyond managing its physical casinos located in Auckland, Hamilton, Queenstown, and Wharf in New Zealand, and Adelaide in Australia, SkyCity's portfolio also includes hotels, convention centers, a wide array of restaurants and bars, the iconic Sky Tower, car parking facilities, and property investments. Furthermore, it provides hotel accommodation services and runs an online casino platform. As of June 30, 2021, the company's properties were equipped with 309 table games, 3,456 electronic gaming machines, and 331 automated table games, alongside 18 restaurants, 15 bars, and 755 hotel rooms. Established in 1994, SkyCity Entertainment Group maintains its corporate headquarters in Auckland, New Zealand.
- Sector
- Consumercyclical
- Industry
- Gambling, Resorts & Casinos
- CEO
- Jason Walbridge
- Employees
- 4,689
- Website
- skycityentertainmentgroup.com
- Address
- 99 Albert Street, Auckland, AUK, 1010, NZ
SKYCITY Entertainment Group Limited (SKYZF) Earnings & Revenues
SKYZF Company Deck
SKYZF Earnings Call
Earnings Call SentimentNeutral
The call presented a balanced picture: management delivered on updated guidance and highlighted tangible positives — NZICC momentum, a clear asset‑sale program (NZ$275m–300m target), a disciplined cost‑out plan (NZ$30m in FY'27 rising to NZ$70m in FY'28), improved notional free cash flow and a material online market opportunity (estimated ~NZ$1.4bn). Offsetting these are meaningful near-term challenges: sizeable accounting write‑downs and provisions (including an AUD21m fine), a significant decline in reported EBITDA, gaming revenue weakness (down 5.9%), macro-driven discretionary spend pressure (~NZ$20m Q4 impact), elevated leverage (3.1x) and execution/timing risk around remediation, Adelaide strategic outcomes and online license costs. Overall the company has clear remediation and value-restoration plans but faces material near‑term headwinds and accounting volatility.
View all SKYZF earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 11 | 2 | 7 |
| Technical Analysis | 5 | 2 | 1 |
| Moving Averages | 6 | 0 | 6 |






