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Star Entertainment Group Limited
(OTC:SGR)
Star Entertainment Group Limited (SGR) vs. iShares MSCI Australia ETF (EWA)
Star Entertainment Group Limited Business Overview & Revenue Model
Star Entertainment Group Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.44B | 1.67B | 1.86B | 1.53B | 1.55B | 1.49B | Gross Profit |
| 506.60M | 1.58B | 828.40M | 643.00M | 680.20M | 677.50M | EBIT |
| 322.80M | -68.40M | 121.10M | -6.90M | 148.30M | 112.30M | EBITDA |
| -136.20M | -1.39B | -2.52B | 43.30M | 354.00M | 136.60M | Net Income Common Stockholders |
| -2.00B | -1.68B | -2.44B | -202.50M | 57.90M | -94.80M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 138.20M | 299.60M | 88.70M | 82.00M | 67.90M | 66.10M | Total Assets |
| 1.72B | 1.90B | 3.26B | 5.37B | 5.46B | 5.81B | Total Debt |
| 427.20M | 301.80M | 757.20M | 1.33B | 1.29B | 1.63B | Net Debt |
| 291.00M | 2.20M | 668.50M | 1.25B | 1.22B | 1.56B | Total Liabilities |
| 1.19B | 1.06B | 1.49B | 1.94B | 1.85B | 2.36B | Stockholders Equity |
| 531.50M | 833.30M | 1.77B | 3.43B | 3.61B | 3.46B |
| Cash Flow | Free Cash Flow | ||||
| -170.30M | -30.30M | -147.90M | -15.50M | 301.10M | -163.50M | Operating Cash Flow |
| -83.90M | 46.00M | -12.60M | 127.30M | 403.20M | 73.70M | Investing Cash Flow |
| -198.50M | -94.80M | -160.60M | -123.70M | -187.30M | -390.60M | Financing Cash Flow |
| -15.70M | 259.70M | 179.90M | 10.50M | -214.10M | 268.70M |
Star Entertainment Group Limited Technical Analysis
Star Entertainment Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$50.60M | 1.26 | 26.04% | ― | 23.66% | 589.13% | |
67 Neutral | $156.87M | 15.43 | 45.08% | 7.22% | -2.89% | -5.33% | |
63 Neutral | $6.94B | 11.34 | 2.80% | 4.26% | 2.68% | -24.70% | |
55 Neutral | $1.69B | ― | -42.74% | 2.65% | 0.73% | -11.04% | |
53 Neutral | $396.41M | ― | -30.20% | 32.64% | ― | ― | |
46 Neutral | AU$372.61M | ― | -127.99% | ― | -16.00% | 3.57% |
Star Entertainment Group Limited Corporate Events
The Star Entertainment Group Limited has announced a general meeting scheduled for June 25, 2025, where shareholders will vote on strategic investments totaling $300 million from Bally’s Corporation and Investment Holdings Pty Ltd. The meeting will also address the approval and ratification of previously issued convertible notes to these entities. The board recommends shareholders approve these resolutions, which are expected to enhance the company’s financial capacity and strategic positioning.
The most recent analyst rating on (AU:SGR) stock is a Sell with a A$0.26 price target. To see the full list of analyst forecasts on Star Entertainment Group Limited stock, see the AU:SGR Stock Forecast page.
The Star Entertainment Group reported a challenging third quarter for FY25, with a revenue decline of 9% from the previous quarter and an EBITDA loss of $21 million. The company attributed these results to seasonal revenue softening, reduced gaming visitation, and adverse weather events leading to property closures in Queensland. The Star is undergoing strategic changes, including exiting its equity interest in the Destination Brisbane Consortium and securing a strategic investment from Bally’s Corporation and Investment Holdings Pty Ltd. Despite these efforts, there remains significant uncertainty about the company’s ability to continue as a going concern, with key initiatives critical to liquidity being the completion of strategic investments and asset sales.
JPMorgan Chase & Co. and its affiliates have reduced their voting power in Star Entertainment Group Limited from 7.41% to 5.84%. This change in substantial holding reflects a decrease in the number of ordinary shares held by the financial institution, which may impact the company’s shareholder dynamics and influence.
The Star Entertainment Group Limited has announced the reinstatement of its securities to trading on the ASX, effective from April 16, 2025. This follows the company’s submission of its Appendix 4D and Financial Report for the half year ending December 31, 2024, indicating a return to compliance and potentially stabilizing its market position.
The Star Entertainment Group Limited has released its financial results for the half-year ending December 31, 2024. A briefing for investors and analysts will be conducted by the company’s CEO and CFO to discuss these results. This announcement is significant for stakeholders as it provides insights into the company’s financial health and strategic direction.
The Star Entertainment Group reported a challenging financial performance for the first half of FY25, with a statutory net loss of $302 million and a normalised EBITDA loss of $26 million. The company’s operations were impacted by mandatory carded play, cash limits, and competitive pressures from pubs and clubs. Despite achieving $100 million in cost savings, The Star faces liquidity challenges, relying on a strategic investment from Bally’s Corporation and Investment Holdings, and the sale of The Star Sydney Event Centre. The company is focused on initiatives to improve performance and liquidity, including exiting the Destination Brisbane Consortium and implementing a revised remediation plan approved by regulatory authorities.
Star Entertainment Group Limited has released its financial report for the half-year ending December 31, 2024. The report includes comprehensive financial statements such as the consolidated income statement, balance sheet, and cash flow statement. This release provides stakeholders with insights into the company’s financial health and operational performance over the past six months, which is crucial for assessing its market positioning and future prospects.
Star Entertainment Group Limited reported a significant financial downturn for the half year ended December 2024, with a net loss after tax of $301.9 million, a stark contrast to previous profits. The results were impacted by various significant items including regulatory fines and legal costs, leading to a substantial decline in revenue and profitability. The company did not declare an interim dividend for this period, reflecting the challenging financial environment it faces.
The Star Entertainment Group Limited has updated its previous announcement regarding the issuance of Tranche 1A and Tranche 1B Convertible Notes. The proposed issue date for these securities has been set to April 11, 2025, with the first interest payment scheduled for July 12, 2025. This update is part of the company’s strategic financial maneuvers, potentially impacting its liquidity and market positioning.
The Star Entertainment Group Limited has completed the divestment of The Star Sydney Event Centre and additional spaces to Foundation Theatres for $60 million, following regulatory approvals. The transaction’s proceeds are held in escrow, with conditions for release tied to a strategic investment and shareholder approval, impacting the company’s financial strategy and stakeholder interests.
The Star Entertainment Group Limited has announced a significant investment arrangement involving a $300 million transaction with Bally’s Corporation. The company’s largest shareholder, Investment Holdings Pty Ltd, will contribute $100 million to this investment, reducing Bally’s contribution to $200 million. This strategic move aims to strengthen The Star’s financial position and enhance its market competitiveness.
The Star Entertainment Group Limited has announced a $300 million strategic investment through a binding term sheet with Bally’s Corporation. This investment, structured as a multi-tranche convertible note and subordinated debt instrument, aims to enhance The Star’s financial position and support its strategic initiatives. The transaction is subject to shareholder and regulatory approvals, with a significant portion of the investment contingent on these approvals. The Star’s board recommends shareholders vote in favor of the transaction, highlighting its potential benefits for the company’s growth and stability.
The Star Entertainment Group Limited announced the withdrawal of its refinancing proposal with Salter Brothers Capital, which was intended to address the company’s liquidity needs by refinancing its existing debt. The proposal was withdrawn due to unmet conditions, particularly lender requirements related to security over non-gaming assets. The company is now exploring other liquidity solutions, including discussions with Bally’s Corporation, but faces uncertainty regarding its ability to continue as a going concern.
The Star Entertainment Group Limited has been informed by the NSW Independent Casino Commission that the suspension of The Star Sydney’s casino license will continue until at least September 30, 2025. The NICC has extended the appointment of a manager to oversee the casino operations during this period. Despite progress in the company’s remediation efforts, concerns about financial stability have led to the decision to maintain the suspension. The next six months are crucial for The Star to demonstrate further progress in its remediation activities and financial stabilization, which will be reassessed by the NICC in September 2025.
The Star Entertainment Group Limited has announced an extension of its exclusivity agreement with Salter Brothers Capital regarding a refinancing proposal. This proposal, if finalized, could provide the company with up to $940 million in debt capacity, enabling it to refinance all existing debt and potentially strengthening its financial position.