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Genting Singapore Ltd G13

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Stock XSES Rating as of
SGD 0.85 −0.02 (2.31%)
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As of Delayed Price Closed
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Company Report

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Visa-Free Travel Between China and Singapore Increases Tourist Traffic for Genting Singapore

Jennifer Song

Genting Singapore operates one of only two casinos in Singapore, with about 40% market share. The casino is part of Genting Singapore’s Resorts World Sentosa, a world-class integrated resort with a theme park, hotels, restaurants, and other nongaming facilities. RWS provides substantial nongaming revenue (around 25%-30% of total revenue) to Genting Singapore, having attracted more than 20 million visitors since opening in 2010. We believe RWS will continue to cement its position as a desirable destination for tourists and gamblers in Singapore, and this should ensure stable earnings growth for the firm. Singapore is Asia's second-largest gaming market and the world’s third-largest.

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Price vs Fair Value

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G13 is trading at a 372% premium.
Price
SGD 0.86
Fair Value
SGD 6.79
Uncertainty
Medium
1-Star Price
SGD 5.93
5-Star Price
SGD 7.75
Economic Moat
Mmbwvjs
Capital Allocation
Nvkyg

Bulls Say, Bears Say

Bulls

The Singapore government is unlikely to issue a new casino license, given concerns and political sensitivity over gambling-related social ills.

Bears

A rise in covid-19 case counts in Singapore and the ASEAN region could lead to volatility of tourism demand and delays in the gaming sector's recovery.

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Trading Information

Previous Close Price
SGD 0.87
Day Range
SGD 0.84–0.87
52-Week Range
SGD 0.82–1.06
Bid/Ask
SGD 0.85 / SGD 0.85
Market Cap
SGD 10.20 Bil
Volume/Avg
42.3 Mil / 31.3 Mil

Key Statistics

Price/Earnings (Normalized)
16.43
Price/Sales
4.32
Dividend Yield (Trailing)
4.05%
Dividend Yield (Forward)
4.05%
Total Yield
4.05%

Company Profile

Genting Singapore is engaged in the development and operation of integrated resort destinations, including gaming, hospitality, meetings, and leisure and entertainment facilities. It owns Resorts World Sentosa in Singapore, one of the leading integrated resort destinations in Asia, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore theme park, facilities for meetings, incentives, conventions, and exhibitions, hotels, Michelin-starred restaurants, and specialty retail outlets.
Sector
Consumer Cyclical
Industry
Resorts & Casinos
Stock Style Box
Large Growth
Total Number of Employees
12,500
Website
https://www.gentingsingapore.com

Competitors

Valuation

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Metric
G13
SGR
00027
Price/Earnings (Normalized)
 16.433.6621.30
Price/Book Value
 1.270.562.25
Price/Sales
 4.320.534.46
Price/Cash Flow
 8.94—17.30
Price/Earnings
G13
SGR
00027

Financial Strength

Metric
G13
SGR
00027
Quick Ratio
 5.120.661.50
Current Ratio
 5.210.851.53
Interest Coverage
 6,321.30−11.3634.44
Quick Ratio
G13
SGR
00027

Profitability

Metric
G13
SGR
00027
Return on Assets (Normalized)
 8.19%−5.90%8.94%
Return on Equity (Normalized)
 9.06%−10.16%11.10%
Return on Invested Capital (Normalized)
 7.71%−4.53%9.33%
Return on Assets
G13
SGR
00027
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Resorts & Casinos Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Las Vegas Sands Corp
LVS
YpbchncwdwLlzjzd$33.0 Bil
 Galaxy Entertainment Group Ltd ADR
GXYYY
—Dythyn$20.4 Bil
 Galaxy Entertainment Group Ltd
GXYEF
—Pvtdfp$20.4 Bil
 Sands China Ltd Shs Unitary 144A/Reg S
SCHYF
—Mbqxpsv$16.9 Bil
 Sands China Ltd ADR
SCHYY
—Vkqlhg$16.9 Bil
 MGM Resorts International
MGM
XrqdqxwGsknh$13.9 Bil
 Wynn Resorts Ltd
WYNN
JcgxbhpxNkkbyf$10.0 Bil
 Caesars Entertainment Inc
CZR
SbvvmnsxwFwjz$8.6 Bil
 Melco Resorts and Entertainment Ltd ADR
MLCO
SjhwmrwVqlkfq$3.3 Bil
 PENN Entertainment Inc
PENN
JtwsxjhxYfprs$3.0 Bil

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