SkyCity's underlying fiscal 2026 EBITDA of NZD 182 million was down 22% on last year. Revenue per visit is lower and regulatory costs are higher. Weak economic conditions in New Zealand, particularly toward the end of the year, in addition to mandatory carded play, weighed on profitability.
Long-dated exclusive licences to operate the only casino in Auckland and Adelaide allow SkyCity to enjoy solid returns in a regulated environment.
Higher costs are here to stay amid a new regulatory environment, weighing on margin expansion potential.
|
Metric
|
SKC
|
TAH
|
WYNN
|
|---|---|---|---|
Price/Earnings (Normalized) | 22.78 | 27.95 | 19.40 |
Price/Book Value | 0.47 | 1.66 | — |
Price/Sales | 0.80 | 0.79 | 1.23 |
Price/Cash Flow | 7.26 | 6.77 | 6.14 |
|
Metric
|
SKC
|
TAH
|
WYNN
|
|---|---|---|---|
Quick Ratio | 0.30 | 0.53 | 0.84 |
Current Ratio | 0.76 | 0.62 | 0.91 |
Interest Coverage | −0.45 | 1.99 | 2.03 |
|
Metric
|
SKC
|
TAH
|
WYNN
|
|---|---|---|---|
Return on Assets (Normalized) | 1.43% | 2.25% | 3.62% |
Return on Equity (Normalized) | 2.56% | 5.64% | — |
Return on Invested Capital (Normalized) | 1.41% | 6.23% | 8.42% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Melco Resorts and Entertainment Ltd ADR
MLCO
| LOCK|%&^?&@R | LOCK|hwjc | — | |||
| Las Vegas Sands Corp
LVS
| LOCK|%Sy?fc#@ | LOCK|HV$# | $28B | |||
| Galaxy Entertainment Group Ltd ADR
GXYYY
| — | LOCK|ms!<? | $18B | |||
| Galaxy Entertainment Group Ltd
GXYEF
| — | LOCK|N^?&t | $18B | |||
| Sands China Ltd Shs Unitary 144A/Reg S
SCHYF
| — | LOCK|^VQB | $14B | |||
| Sands China Ltd ADR
SCHYY
| — | LOCK|dnM<v | $14B | |||
| MGM Resorts International
MGM
| LOCK|W!$<fsG | LOCK|BJ | $10B | |||
| Wynn Resorts Ltd
WYNN
| LOCK|r>vV^H | LOCK|TC%%D | $9B | |||
| Caesars Entertainment Inc
CZR
| LOCK|%Tnn#$$ | LOCK|@b | $6B | |||
| PENN Entertainment Inc
PENN
| LOCK|#K>VrZ | LOCK|jg | $2B |
United States