The Star Entertainment Group Limited (SGR) - Research

$4.050 0.03 (0.75%)

SGR General Information +

ASX Code SGR
Website http://www.starentertainmentgroup.com.au
GICS Sub-Industry Casinos & Gaming
Market Cap ($M) 3,715
Current Price $4.050
Day High $4.070
Day Low $4.010
Last Close $4.020
Price Movement $0.03 ( 0.75% )
Prices as at 16:40, 27 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


The Star Entertainment Group Limited (SGR)
BUY
below
HOLD
up to
SELL
above
Current Price
$4.050 as at 16:40, 27 Jun 2019

Price at review
$4.050 on 17 Jun 19

Max Portfolio Weighting

Business Risk

Share Price Risk

SGR Related Research

SGR Company Overview

Business Description

The Star Entertainment Group Limited (SGR, formerly Echo Entertainment Group Limited) provides leisure and entertainment services particularly in relation to casino gambling, entertainment and hospitality. SGR is listed on the ASX after the demerger from Tabcorp Holdings Ltd (TAH). The standalone entity operates casinos in New South Wales and Queensland, Australia.

SGR Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 257.03 28.02 11.10% 14.35 19.61 4.88% 100.0%
2019 F 231.37 25.22 -17.50% 15.94 18.92 4.71% 100.0%
2018 A 258.20 30.57 17.20% 17.72 20.50 3.78% 100.0%

SGR Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Aristocrat Leisure (ALL) $19,674M 0.3335 0.2501 0.1594 29.8113 23.8467 20.5674 1.49% 1.79% 2.10%
Crown Resorts (CWN) $8,275M -0.0492 0.2060 0.0684 27.0414 22.4220 20.9857 4.91% 4.91% 4.91%
The Star Entertainment Group (SGR) $3,669M -0.4758 0.4056 0.0824 22.8180 16.2338 14.9981 5.13% 4.87% 4.93%
SkyCity (SKC) $2,442M 0.1320 0.0090 -0.1109 15.6196 15.4797 17.4101 5.05% 5.48% 5.67%
Tabcorp (TAH) $9,147M -0.4302 0.3854 0.1107 32.1505 23.2070 20.8948 4.64% 4.67% 5.11%

SGR Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.58 16.40 0.98 0.70
Market 0.59 14.90 1.16 0.99
Sector 0.83 16.70 1.76 1.01

SGR Directors

Name Position Start Date
Mr Matthias Michael Bekier Chief Executive Officer, Managing Director 2 Mar 2011
Mr Benjamin (Ben) Andrew Heap Non-Executive Director 23 May 2018
Ms Katie Lahey Non-Executive Director 1 Mar 2013
Mr Richard Sheppard Non-Executive Director 1 Mar 2013
Dr Sally Anne Majella Pitkin Non-Executive Director 19 Dec 2014
Mr Gerard Bradley Non-Executive Director 30 May 2013
Mr Zlatko Todorcevski Non-Executive Director 23 May 2018
Mr John Anthony O'Neill Non-Executive Director, Non-Executive Chairman 28 Mar 2011

SGR Management

Name Position
Paula Maree Martin General Counsel,Company Secretary
Chad Barton Group Chief Financial Officer
Geoff Hogg Managing Director, Queensland
Greg Hawkins Managing Director, The Star Sydney

SGR Substantial Shareholders

Holding Name
96,392,380 (10.51%) Perpetual Limited and its related bodies corporate
56,654,931 (6.18%) Commonwealth Bank of Australia and its related bodies corporate
44,668,903 (5.41%) National Australia Bank Limited and associated companies

SGR Calendar of Events

Date Event
20 February 2020 Report (Interim)
23 September 2019 Report (Annual)
23 August 2019 Report (Prelim)

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