Skycity Entertainment Group Ltd (SKC) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Skycity Entertainment Group Ltd A$0.47, price A$0.52, upside -9.6%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range A$0.3800 – A$2.98 · fair‑value band A$0.3500 – A$0.5600 · the A$0.5200 price screens above the A$0.4700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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SkyCity Entertainment Group Limited, together with its subsidiaries, operates in the gaming, entertainment, hotel, convention, hospitality, and tourism sectors in New Zealand and Australia. It operates through Skycity Auckland, SkyCity Adelaide, Other NZ Operations, and Online segments.
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SkyCity Entertainment Group Limited, together with its subsidiaries, operates in the gaming, entertainment, hotel, convention, hospitality, and tourism sectors in New Zealand and Australia. It operates through Skycity Auckland, SkyCity Adelaide, Other NZ Operations, and Online segments. The company operates casinos, hotels, conventions, food and beverage, attractions, located in Auckland, Hamilton, Queenstown, and Adelaide. It also operates SkyCity Online Casino, an offshore online casino platform for New Zealand customers. SkyCity Entertainment Group Limited was incorporated in 1994 and is headquartered in Auckland, New Zealand.
Stock analysis
Skycity Entertainment Group Ltd (SKC) currently trades at A$0.5200, while our model-based Fair Value estimate is A$0.4700, implying the stock looks roughly 10.6% fairly valued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of A$0.8100 per share, and 7 of the 14 models we run sit above the A$0.5200 price.
Bear case: the Earnings-Based group reads lowest at A$0.1900, and 7 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.3500 (bear) to A$0.5600 (bull), the price of A$0.5200 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Skycity Entertainment Group Ltd reported revenue of 825M NZD in FY2025 versus 713M NZD in FY2021, a compound +3.7%/yr. Reported net income was 29.2M NZD in FY2025, compounding −34.2%/yr from FY2021.
Key figures
Market cap A$518M (≈ $364M) · P/E ratio 17.3 · P/S ratio 0.61 · EPS (TTM) A$0.0300 · Net margin 3.5% · Return on equity 2.4% · Return on assets (EBIT) 8.2% · Operating margin 5.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 37% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 46% fair-value upside, at −10%, SKC screens richer than that median.
Fair Value models
Bear A$0.3500Fair Value A$0.4700Bull A$0.5600
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.0300 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.25/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−4.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.1%
Start year 2020 (pandemic). Over 10 years: −2.3% a year
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−29.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−29.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−29% vs −17%, slowing
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.25% → 15%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 4.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Skycity Entertainment Group Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Resorts & Casinos · 69 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−11% · Below median
Profitability
Return on equity (TTM)2% · Below median
Return on assets2% · Below median
Net margin (TTM)4% · Above median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth−2% · Bottom 25%
Dividend yield (TTM)16.5% · Top 25%
Balance sheet
Debt / equity0.50× · Above median
Valuation Multiplesvs Resorts & Casinos median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Skycity Entertainment Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SKC
Frequently asked questions
Is Skycity Entertainment Group Ltd (SKC) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.4700 versus a price of A$0.5200, about −10% upside (fairly valued).
What is the fair value of SKC?
Our model-based fair value for Skycity Entertainment Group Ltd is A$0.4700 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.5200.
What is the quality score of SKC?
Skycity Entertainment Group Ltd has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Skycity Entertainment Group Ltd (SKC)?
Our model-based price target is the fair value of A$0.4700 (as of Sep 23, 2026) from 14 valuation models. Cautious scenario A$0.3500, optimistic scenario A$0.5600. It is a calculation from audited fundamentals, not an analyst target.
What is the Skycity Entertainment Group Ltd stock forecast for 2026?
Our models put fair value at A$0.4700, about −10% upside versus a price of A$0.5200 (fairly valued). Cautious scenario A$0.3500, optimistic scenario A$0.5600. The calculation is refreshed regularly with new filings.
What is the revenue of Skycity Entertainment Group Ltd (SKC)?
Skycity Entertainment Group Ltd reported trailing-twelve-month revenue of about 814M NZD (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Skycity Entertainment Group Ltd (SKC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Skycity Entertainment Group Ltd it is A$0.4700 per share (as of Sep 23, 2026), against a price of A$0.5200. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Skycity Entertainment Group Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, SKC trades above its calculated fair value: price A$0.5200, fair value A$0.4700, a gap of about −10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SKC?
No. The price is what the market pays today (A$0.5200); the fair value is what the company's own numbers justify (A$0.4700). For Skycity Entertainment Group Ltd the two are A$0.0500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Skycity Entertainment Group Ltd worth?
The market values Skycity Entertainment Group Ltd at about A$518M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.5200; our models calculate a fair value of A$0.4700 per share.
What do the bullish and bearish scenarios say about SKC?
Our models span a range for Skycity Entertainment Group Ltd: cautious scenario A$0.3500, base A$0.4700, optimistic A$0.5600 per share (as of Sep 23, 2026, price A$0.5200). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SKC?
Skycity Entertainment Group Ltd trades at a price-to-earnings ratio of 17.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.4700 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 6.9 (reported for FY2025: 22.2). Other multiples: PEG 0.1, P/B 0.3, P/S 0.4, EV/EBITDA 6.1.
What is the PEG ratio of SKC?
The PEG ratio of Skycity Entertainment Group Ltd is 0.14 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Skycity Entertainment Group Ltd (SKC)?
Balance-sheet figures for Skycity Entertainment Group Ltd (as of Sep 23, 2026): return on equity 2.4%, debt of 0.50 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is SKC from its 52-week high?
Skycity Entertainment Group Ltd trades at A$0.5200, about 39% below its 52-week high of A$0.8500 and 37% above the low of A$0.3800 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.4700 is for.
Which stocks are comparable to Skycity Entertainment Group Ltd?
From the same area (Consumer Cyclical) we also value Las Vegas Sands Corp, Galaxy Entertainment Group, Sands China Ltd, MGM Resorts International, through its subsidiaries,, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Skycity Entertainment Group Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.5200, calculated fair value A$0.4700 (−10%), Quality Score 45/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SKC calculated?
We run Skycity Entertainment Group Ltd through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.4700, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Skycity Entertainment Group Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Skycity Entertainment Group Ltd (SKC)?
The closing price on Sep 24, 2026 was A$0.5200. Our model-based fair value is A$0.4700, about −10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Skycity Entertainment Group Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Skycity Entertainment Group Ltd
How large is the market capitalisation of Skycity Entertainment Group Ltd (SKC)?
The market capitalisation of Skycity Entertainment Group Ltd is A$518M (≈ $364M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Skycity Entertainment Group Ltd (SKC)?
The price-to-sales ratio of Skycity Entertainment Group Ltd is 0.61 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Skycity Entertainment Group Ltd (SKC)?
Earnings per share at Skycity Entertainment Group Ltd are A$0.0300 (price ÷ EPS = P/E 17.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Skycity Entertainment Group Ltd (SKC)?
The net margin of Skycity Entertainment Group Ltd is 3.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Skycity Entertainment Group Ltd (SKC)?
The return on equity (ROE) of Skycity Entertainment Group Ltd is 2.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Skycity Entertainment Group Ltd (SKC)?
On an EBIT basis the return on assets of Skycity Entertainment Group Ltd is 8.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Skycity Entertainment Group Ltd (SKC)?
The operating margin of Skycity Entertainment Group Ltd is 5.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Skycity Entertainment Group Ltd (SKC)?
Revenue at Skycity Entertainment Group Ltd is growing −2.4% versus a year earlier (3y avg +14.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Skycity Entertainment Group Ltd (SKC)?
Earnings per share at Skycity Entertainment Group Ltd are growing +55.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Skycity Entertainment Group Ltd (SKC) generate?
The free cash flow of Skycity Entertainment Group Ltd is −116M NZD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Skycity Entertainment Group Ltd (SKC) carry?
The net debt of Skycity Entertainment Group Ltd is 758M NZD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Sep 23, 2026