Galaxy Entertainment Group Limited (HK:0027)
:0027
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Galaxy Entertainment Group
(0027)
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Rating:70Outperform
Price Target:
HK$38.00
▲(8.82% Upside)
Action:ReiteratedDate:04/14/26
The score is primarily supported by strong financial strength (notably low leverage and solid cash generation) and reasonable valuation with a ~3.49% dividend yield. Offsetting this is weak price momentum, with the stock trading below key moving averages and negative MACD, plus elevated volatility risk signaled by the sharp 2025 revenue contraction.
Positive Factors
Conservative balance sheet
Extremely low leverage gives the company durable financial flexibility: it can fund capex, absorb demand shocks, and service obligations without refinancing pressure. This structural conservatism supports resilience through Macau visitation cycles and competitive investment needs.
Negative Factors
Sharp 2025 revenue decline
A large one-year top-line drop materially increases earnings volatility and undermines medium-term revenue visibility. Fixed-cost intensity in integrated resorts magnifies profit swings from such declines, complicating capacity planning and long-duration investment decisions for the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage gives the company durable financial flexibility: it can fund capex, absorb demand shocks, and service obligations without refinancing pressure. This structural conservatism supports resilience through Macau visitation cycles and competitive investment needs.
Read all positive factors
Galaxy Entertainment Group (0027) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$146.81B
Dividend Yield3.06%
Average Volume (3M)12.72M
Price to Earnings (P/E)15.7
Beta (1Y)0.81
Revenue Growth9.63%
EPS Growth21.77%
CountryHK
Employees21,100
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.94
Shares Outstanding4,379,240,700
10 Day Avg. Volume12,241,609
30 Day Avg. Volume12,722,427
Financial Highlights & Ratios
PEG Ratio0.71
Price to Book (P/B)2.02
Price to Sales (P/S)5.67
P/FCF Ratio15.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$48.12Price Target Upside37.81% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)2.58
Revenue Forecast (FY)HK$53.92B
Galaxy Entertainment Group Business Overview & Revenue Model
Company Description
Galaxy Entertainment Group Limited, an investment holding company, engages in the gaming and entertainment, and construction materials businesses in Macau, Hong Kong, and Mainland China. The company operates casino games of chance or games of othe...
How the Company Makes Money
Galaxy Entertainment Group’s earnings are primarily generated from operating integrated resort properties where gaming is the core revenue driver, supplemented by a portfolio of non-gaming hospitality and entertainment businesses. Key revenue stre...
Galaxy Entertainment Group Earnings Call Summary
Earnings Call Date:Aug 15, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The earnings call highlights strong revenue and EBITDA growth, strategic market penetration, and effective cost management, alongside increased dividends and visitation rates. However, there are challenges such as slight underperformance in gaming luck and intense market competition. Overall, the sentiment is positive with a focus on growth and confidence in the market.Positive Updates
Significant Revenue and EBITDA Growth
GEG reported revenue of $10.9 billion, up 26% year-on-year and 3% quarter-on-quarter. Adjusted EBITDA was $3.2 billion, up 28% year-on-year and 12% quarter-on-quarter.
Negative Updates
Slightly Unlucky Q2 Performance
The company played slightly unlucky in Q2, decreasing adjusted EBITDA by $20 million.
Read all updates
Q2-2024 Updates
Positive
Negative
Significant Revenue and EBITDA Growth
GEG reported revenue of $10.9 billion, up 26% year-on-year and 3% quarter-on-quarter. Adjusted EBITDA was $3.2 billion, up 28% year-on-year and 12% quarter-on-quarter.
Read all positive updates
Company Guidance
During the Q2 2024 earnings call for Galaxy Entertainment Group (GEG), several key metrics and strategic initiatives were highlighted. GEG reported a revenue of $10.9 billion, marking a 26% year-on-year and 3% quarter-on-quarter increase, while adjusted EBITDA reached $3.2 billion, representing a 28% year-on-year and 12% quarter-on-quarter rise. The company maintained a strong balance sheet with a net cash position of $25.2 billion as of Q2 2024, and declared an interim dividend of $0.50 per share. GEG's Mass revenue was 114% of 2019 levels, with Galaxy Macau's Mass business achieving 134-137% of 2019's levels. Strategic initiatives included the installation of smart tables, which began in early July, and the expansion of facilities such as Capella at Galaxy Macau. GEG also noted a disciplined approach to cost management, with total OpEx down 2% from Q1 and staff costs representing around 75% of OpEx. The company remained committed to enhancing customer experience and capturing growth in the Asian market.Galaxy Entertainment Group Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
80
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 29.59B | 43.43B | 23.00B | 8.40B | 12.95B |
| Gross Profit | 16.14B | 25.54B | 11.61B | -779.32M | 3.43B |
| EBITDA | 13.36B | 12.62B | 9.99B | -1.16B | 3.47B |
| Net Income | 10.67B | 8.76B | 6.83B | -3.43B | 1.33B |
Balance Sheet | |||||
| Total Assets | 99.84B | 94.58B | 87.22B | 80.96B | 85.24B |
| Cash, Cash Equivalents and Short-Term Investments | 16.92B | 22.42B | 17.15B | 16.35B | 21.44B |
| Total Debt | 2.61B | 4.85B | 2.16B | 8.06B | 6.97B |
| Total Liabilities | 16.21B | 18.19B | 16.00B | 16.50B | 16.17B |
| Stockholders Equity | 83.14B | 75.95B | 70.76B | 63.91B | 68.42B |
Cash Flow | |||||
| Free Cash Flow | 10.78B | 6.72B | 5.63B | -8.04B | -10.39B |
| Operating Cash Flow | 14.25B | 11.55B | 11.59B | -2.98B | -3.49B |
| Investing Cash Flow | -10.33B | -4.75B | -10.67B | 3.04B | 4.58B |
| Financing Cash Flow | -8.15B | -1.98B | -7.81B | -155.89M | -2.41B |
Galaxy Entertainment Group Technical Analysis
Negative
34.92
Price Trends
38.47
Negative
39.00
Negative
39.04
Negative
Market Momentum
-0.88
Negative
41.31
Neutral
32.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0027, the sentiment is Negative. The current price of 34.92 is below the 20-day moving average (MA) of 35.31, below the 50-day MA of 38.47, and below the 200-day MA of 39.04, indicating a bearish trend. The MACD of -0.88 indicates Negative momentum. The RSI at 41.31 is Neutral, neither overbought nor oversold. The STOCH value of 32.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0027.
Galaxy Entertainment Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$146.81B | 15.71 | 13.12% | 3.06% | 9.63% | 21.77% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$43.66B | 9.82 | 194.66% | 5.73% | 10.97% | 10.35% | |
61 Neutral | HK$29.79B | 19.06 | -11.87% | 5.92% | -1.98% | -49.13% | |
52 Neutral | HK$132.97B | 22.71 | 71.16% | 2.39% | 4.17% | -14.33% | |
45 Neutral | HK$9.53B | 3.36 | 73.50% | ― | 11.58% | ― | |
43 Neutral | HK$14.77B | -39.90 | -3.15% | ― | -3.01% | -15200.00% |
* Consumer Cyclical Sector Average
HK:0027
Galaxy Entertainment Group
32.70
5.51
20.26%
HK:0880
SJM Holdings
2.05
-0.13
-5.96%
HK:0200
Melco International
4.09
1.62
65.32%
HK:2282
MGM China Holdings
11.12
1.50
15.63%
HK:1928
Sands China
15.95
2.44
18.09%
HK:1128
Wynn Macau
5.58
0.65
13.21%
Galaxy Entertainment Group Corporate Events
Galaxy Entertainment Sets 2026 AGM, Seeks Share Buyback and Issuance Mandates
Apr 9, 2026
Galaxy Entertainment Group Limited is a Hong Kong–incorporated company listed on the Stock Exchange of Hong Kong and active in the entertainment and gaming industry. Its operations focus on casino and leisure resort businesses, catering to l...
Galaxy Entertainment Tightens Governance With Updated Nomination Committee Mandate
Feb 26, 2026
Galaxy Entertainment Group has updated the terms of reference for its Nomination Committee, originally established in 2012 and recently revised in February 2026, to refine its governance framework. The committee must have at least three members, a...
Galaxy Entertainment lifts earnings as Macau recovery, premium push and events strategy gain pace
Feb 26, 2026
Galaxy Entertainment Group reported continued momentum in Macau’s post-pandemic recovery, with the territory’s Gross Gaming Revenue rising 9% in 2025 and visitation hitting a record 40.1 million, driven by eased mainland travel policie...
Galaxy Entertainment Declares HKD 0.8 Final Dividend for 2025
Feb 26, 2026
Galaxy Entertainment Group has declared a final ordinary dividend of HKD 0.8 per share for the financial year ended 31 December 2025, underscoring the company’s continued capacity to return cash to shareholders. The dividend, subject to shar...
Galaxy Entertainment Sets Board Meeting to Approve 2025 Annual Results
Feb 9, 2026
Galaxy Entertainment Group has scheduled a board meeting for 26 February 2026 to review and approve its annual results for the financial year ended 31 December 2025 and to consider a possible dividend for shareholders. The meeting underscores the ...
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.