Company Valuation: Galaxy Entertainment Group Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 176,045 225,342 191,312 144,274 167,762 151,196 - -
Change - 28% -15.1% -24.59% 16.28% -9.87% - -
Enterprise Value (EV) 1 161,477 216,983 176,247 126,621 152,791 119,467 122,857 121,215
Change - 34.37% -18.77% -28.16% 20.67% -21.81% 2.84% -1.34%
P/E ratio 133x -65.6x 28x 16.5x 15.7x 13.5x 12.5x 11.3x
PBR 2.58x 3.52x 2.7x 1.9x 2.02x 1.72x 1.64x 1.6x
PEG - 0x -0x 0.6x 0.7x 2.48x 1.67x 1.1x
Capitalization / Revenue 8.94x 19.6x 5.36x 3.32x 3.41x 2.88x 2.65x 2.46x
EV / Revenue 8.2x 18.9x 4.94x 2.92x 3.1x 2.28x 2.16x 1.97x
EV / EBITDA 45.7x -392x 17.7x 10.4x 10.5x 7.96x 7.52x 6.83x
EV / EBIT 127x -82.1x 24.8x 14.7x 14.3x 11x 10.5x 9.74x
EV / FCF -15.5x -26.6x 31.3x 18.8x 14.1x 20.8x 15.4x 8.93x
FCF Yield -6.44% -3.76% 3.2% 5.31% 7.08% 4.82% 6.47% 11.2%
Dividend per Share 2 - 0.3 0.2 0.8 1.5 1.62 1.72 1.964
Rate of return - 0.58% 0.46% 2.42% 3.91% 4.69% 4.98% 5.68%
EPS 2 0.304 -0.787 1.562 2.003 2.436 2.569 2.761 3.054
Distribution rate - -38.1% 12.8% 39.9% 61.6% 63.1% 62.3% 64.3%
Net sales 1 19,696 11,474 35,684 43,432 49,242 52,468 56,988 61,545
EBITDA 1 3,537 -553.3 9,955 12,188 14,502 15,008 16,327 17,747
EBIT 1 1,273 -2,642 7,119 8,627 10,708 10,888 11,702 12,442
Net income 1 1,326 -3,434 6,874 8,759 10,674 11,233 12,064 13,372
Net Debt 1 -14,568 -8,359 -15,064 -17,653 -14,971 -31,730 -28,339 -29,982
Reference price 2 40.40 51.60 43.75 33.00 38.32 34.56 34.56 34.56
Nbr of stocks (in thousands) 4,357,538 4,367,100 4,372,837 4,371,943 4,377,933 4,374,896 - -
Announcement Date 23/02/22 23/02/23 28/02/24 27/02/25 26/02/26 - - -
1HKD in Million2HKD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.53x2.29x8.02x4.66% 19.41B
18.27x4.57x11.03x1.89% 20.26B
44.39x1.56x9.64x-.--% 18.59B
10.56x4.86x7.32x4.93% 13.23B
64.41x1.68x14.17x-.--% 11.38B
32.73x3.71x18.38x3.07% 8.86B
17.76x3.49x8.83x2.13% 7.52B
11.96x2.22x7.55x0.84% 6.61B
13.67x3.6x8.8x0.51% 6.41B
Average 25.25x 3.11x 10.42x 2% 12.47B
Weighted average by Cap. 26.02x 3.09x 10.26x 2.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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