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SkyCity Entertainment Group Limited (ASX: SKC) - Financials

- Current share price for SKC : $1.675

SkyCity Entertainment Group (SKC) SkyCity operates integrated entertainment complexes in New Zealand (in Auckland, Hamilton and Queenstown) and in Adelaide, Australia - each featuring casino gaming facilities and premium restaurants and bars, which appeal to both domestic and international visitors alike.

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SKC Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2023 $1.04 34 ¢ 6.8 ¢ 11.5 ¢ 0% $1.85 34.7 229.4% -18.4%
2022 $0.66 10.8 ¢ -0.1 ¢ 0 ¢ 0% $1.86 0 0% -16.6%
2021 $0.88 35.3 ¢ 11.8 ¢ 6.5 ¢ 0% $2.02 24.2 205.2% 45.7%

SKC Capital Structure

Total Debt Interest Long Term Debt Percent Debt Preferred Stock Share Equity Percent Equity
$635,271 $27,518 $590,376 30% $0.00 $1,406,043 70%
Note: All dollars in thousands ('000) for the table above

SKC Historical Financials

2023 2022 2021
Revenue ($M) 788.3 501.3 665.8
Operating Margin (%) 25 23.5 36.1
Depreciation ($M) -71.1 -73.5 -69.8
Amortisation ($M) -12 -12 -15
Net Profit Before Abs ($M) 51.6 -0.6 89.9
Net Profit After Abs ($M) 7.3 -30.3 145.3
Income Tax Rate (%) 84.6 -2.5 19.3
Net Profit Margin (%) 6.6 -0.1 13.5
Employees ($T) 4.6 3.9 4.3
Long Term Debt ($M) 590.4 513.1 518.2
Shareholders Equity ($M) 1,406 1,417.1 1,536.5
Return on Capital (%) 4 1 5
Return on Equity (%) 3.7 5.9
Payout Ratio (%) 169 55

SKC Cashflow

2023 2022 2021
Customer Receipts ($M) 790 500 669
Net Operating Cashflow ($M) 257.4 82.2 268.2
Net Investing Cashflow ($M) -47 -29 -237
Net Financing Cashflow ($M) -30 -55 -35

SKC Market & Earnings

2023 2022 2021
Market Cap ($M) 1,604 2,015 2,471
Net Gearing (%) 29.2 38.3 33.8
Net Interest Cover (%) 5.2 1 5.08
Dividend Yield (%) 6.2 2.1
NTA Per Share ($) 1.16 1.12 1.23
EBITDA ($M) 197 117.6 240.3
EBIT ($M) 113.7 32.3 155.2
EBT Before Abs ($M) 91.81 0.13 124.63

SKC Balance Sheet

2023 2022 2021
Cash ($M) 225.1 43.9 46.5
Debtors ($M) 7.34 5.67 6.89
Other Debtors ($M) 4.81 1.6 1.77
Prepayments ($M) 34.6 16 22.4
Inventories ($M) 7.89 6.79 6.69
Current Investments ($M) 0.45 0.33 0.15
Other Current Assets ($M) 12.5 195.6 163.2
Total Current Assets ($M) 292.7 294 260.2
Receivables ($M) 11.5
Inventories ($M)
Property, Plant & Equipment ($M) 2,393 2,105 2,121
Accumulated Depreciation ($M) -762.1 -689.6 -727.1
Intangibles ex. Goodwill ($M) 487.7 530.4 568.2
Goodwill ($M) 32.9 32.3 33.3
Future Income Tax Benefit ($M) 23.4 17.47 8.7
Non-Current Investments ($M) 150.6 156.4 119.6
Other Non-Current Assets ($M) 12.8 17.3 227.6
Total Non-Current Assets ($M) 2,338 2,180 2,351
Total Assets ($M) 2,631 2,474 2,611
Accounts Payable ($M) 198.5 168.8 186.3
Provisions ($M) 39.39 0.1 15.13
Short Term Debt ($M) 44.9 73.6 47.5
Other Current Liabilities ($M) 36.58 1.83
Total Current Liabilities ($M) 319.3 242.5 250.7
Creditors ($M) 17.5 22.1
Long Term Debt ($M) 590.4 513.1 518.2
Provisions ($M) 56.7 54.6 60.1
Other Non-Current Liabilities ($M) 241.2 225 245.8
Total Non-Current Liabilities ($M) 905.8 814.9 824
Total Liabilities ($M) 1,225 1,057 1,075
Share Capital ($M) 1,234 1,209 1,245
Reserves ex. Share Premium ($M) -9.59 -4.01 -21.38
Share Premium Reserve ($M)
Retained Profits ($M) 181.6 212.1 312.5
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M)
Total Shareholders Equity ($M) 1,406 1,417 1,537

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