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Star Entertainment Group Limited
(Sydney:SGR)
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Rating:45Neutral
Price Target:
AU$0.13
▲(10.00% Upside)
Action:Reiterated
Date:07/31/26
The score is held down primarily by poor financial performance (declining revenue, negative margins, high leverage, and negative operating/free cash flow). Technicals provide a partial offset with the share price trading above major moving averages, while valuation is difficult to interpret due to a negative P/E and missing dividend yield.
Positive Factors
Diversified integrated-resort business model
Star's integrated-resort model blends gaming with hotels, F&B, events and retail, creating multiple revenue streams. Over 2-6 months this diversification cushions gaming volatility, allows cross-selling, and supports higher per-visitor spend versus standalone casinos, aiding revenue resilience.
Negative Factors
Declining revenue trend
Contraction in revenue undermines operating leverage and strains margins. Persistent revenue decline over multiple periods limits cash generation and constrains the group's ability to fund maintenance, marketing and property upgrades without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified integrated-resort business model
Star's integrated-resort model blends gaming with hotels, F&B, events and retail, creating multiple revenue streams. Over 2-6 months this diversification cushions gaming volatility, allows cross-selling, and supports higher per-visitor spend versus standalone casinos, aiding revenue resilience.
Read all positive factors
Star Entertainment Group Limited (SGR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$928.93M
Dividend YieldN/A
Average Volume (3M)7.69M
Price to Earnings (P/E)―
Beta (1Y)0.04
Revenue Growth-26.19%
EPS Growth89.24%
CountryAU
Employees776
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-0.09
Shares Outstanding6,636,202,600
10 Day Avg. Volume7,974,632
30 Day Avg. Volume7,686,797
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.96
Price to Sales (P/S)0.28
P/FCF Ratio-1.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.13
Revenue Forecast (FY)AU$1.27B
Star Entertainment Group Limited Business Overview & Revenue Model
Company Description
The Star Entertainment Group Limited, established in 2011 and based in Brisbane, Australia, specializes in overseeing and managing integrated resort properties throughout Australia. Its business activities are organized across three key geographic...
How the Company Makes Money
SGR primarily makes money by operating integrated resort casinos. Its key revenue streams include: (1) Gaming revenue: earnings from casino gambling activities (such as table games and electronic gaming machines) generated from both domestic patro...
Star Entertainment Group Limited Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.18B | 1.36B | 1.67B | 1.86B | 1.53B | 1.55B |
| Gross Profit | 224.50M | 396.60M | 1.58B | 828.40M | 643.00M | 680.20M |
| EBITDA | -228.50M | -96.70M | -1.39B | -2.52B | 43.30M | 354.00M |
| Net Income | -279.30M | -471.50M | -1.68B | -2.44B | -202.50M | 57.90M |
Balance Sheet | ||||||
| Total Assets | 1.69B | 1.78B | 1.90B | 3.26B | 5.37B | 5.46B |
| Cash, Cash Equivalents and Short-Term Investments | 171.00M | 267.00M | 299.60M | 88.70M | 82.00M | 67.90M |
| Total Debt | 393.20M | 598.30M | 301.80M | 757.20M | 1.33B | 1.29B |
| Total Liabilities | 1.11B | 1.38B | 1.06B | 1.49B | 1.94B | 1.85B |
| Stockholders Equity | 576.80M | 403.20M | 833.30M | 1.77B | 3.43B | 3.61B |
Cash Flow | ||||||
| Free Cash Flow | -248.00M | -213.00M | -30.30M | -147.90M | -15.50M | 301.10M |
| Operating Cash Flow | -200.00M | -144.10M | 46.00M | -12.60M | 127.30M | 403.20M |
| Investing Cash Flow | 23.90M | -30.30M | -94.80M | -160.60M | -123.70M | -187.30M |
| Financing Cash Flow | 245.70M | 141.80M | 259.70M | 98.10M | 10.50M | -214.10M |
Star Entertainment Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$458.67M | 11.87 | 30.58% | 4.84% | 8.48% | -7.58% | |
69 Neutral | AU$2.05B | 62.15 | 2.62% | 2.82% | 5.46% | ― | |
65 Neutral | AU$191.73M | 17.80 | 48.57% | 5.71% | 4.81% | 6.37% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
45 Neutral | AU$928.93M | -1.55 | -57.00% | ― | -26.19% | 89.24% | |
45 Neutral | AU$307.61M | -8.85 | 231.91% | ― | 5.56% | 8.45% | |
45 Neutral | AU$198.80M | -4.71 | -22.97% | ― | 51.36% | 76.07% |
* Consumer Cyclical Sector Average
AU:SGR
Star Entertainment Group Limited
0.14
0.05
50.00%
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Star Entertainment Group Limited Corporate Events
The Star narrows losses as refinancing and JV exit bolster liquidity
Jul 24, 2026
The Star reported fourth-quarter FY26 revenue of $265 million, flat on the prior quarter, and an EBITDA loss of $8 million, a 70% improvement on the previous year due to cost savings and stabilised, though still historically low, trading in Sydney...
Star Entertainment settles ATO tax dispute on junket payments, takes $55m charge
Jul 6, 2026
The Star Entertainment Group has reached a settlement with the Australian Taxation Office over the GST and withholding tax treatment of payments made to junket tour operators between 2013 and 2020. Under the agreement, the Commissioner will refund...
The Star Entertainment Group Ceases Over 3.1 Million Performance Rights
Jul 1, 2026
The Star Entertainment Group has notified the market of the cessation of 3,189,584 performance rights, identified under the ASX security code SGRAK, effective June 30, 2026. The cessation, disclosed via an Appendix 3H filing, reflects a change in ...
Star Entertainment Tightens Governance With Updated Securities Trading Policy
Jul 1, 2026
The Star Entertainment Group has updated its Securities Trading Policy, complying with ASX Listing Rule 12.10 and reflecting board-approved changes to how its securities may be traded by insiders. The revised policy, effective from 26 June 2026 an...
The Star Sydney Fined $10m Over Historical Financial Crime and Compliance Breaches
Jun 1, 2026
The Star Entertainment Group’s Sydney casino has been hit with $10 million in fines and ordered to allocate a further $5 million to upgrade technology for financial crime risk management, following thousands of historical compliance breaches...
The Star Entertainment Group Reports Late Director Interest Notice After Board Appointment
May 27, 2026
The Star Entertainment Group has announced the appointment of Don Pasquariello as a non-executive director, effective 30 April 2026, and lodged his Initial Director’s Interest Notice with the ASX. The notice confirms he holds no relevant int...
Star Entertainment Completes Debt Refinancing as Casino Licence Talks Continue
May 7, 2026
The Star Entertainment Group has completed a refinancing of its group debt with funds associated with WhiteHawk Capital Partners, strengthening its capital position amid ongoing regulatory scrutiny. This move is part of broader efforts to stabilis...
Star Entertainment Secures WhiteHawk Facility to Refinance Debt and Boost Liquidity
May 7, 2026
The Star Entertainment Group has secured a new three-year US$390 million credit facility with funds associated with WhiteHawk Capital Partners, refinancing its existing debt in full. The facility, broadly in line with the pricing of its previous a...
The Star Entertainment Group Confirms Appointment of New Non-Executive Director
Apr 30, 2026
The Star Entertainment Group has confirmed the appointment of Don Pasquariello as a Non-Executive Director, following the receipt of all required regulatory and ministerial approvals. His appointment, first proposed in November 2025, strengthens t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.