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Galaxy Entertainment Group
(0027)
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Rating:70Outperform
Price Target:
HK$33.00
▼(-5.50% Downside)
Action:Reiterated
Date: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 / low leverage
Very low leverage gives durable financial flexibility: with debt-to-equity near 0.03 the company can fund capex, absorb demand shocks, and avoid refinancing pressure. This structural strength supports long-term investment in resorts and preserves strategic optionality.
Negative Factors
Sharp top-line volatility (2025 revenue drop)
A 34.5% revenue contraction in 2025 signals meaningful top-line sensitivity to demand cycles or market segments. Such swings increase forecasting uncertainty, pressure operating leverage, and make earnings and cash generation less predictable over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Very low leverage gives durable financial flexibility: with debt-to-equity near 0.03 the company can fund capex, absorb demand shocks, and avoid refinancing pressure. This structural strength supports long-term investment in resorts and preserves strategic optionality.
Read all positive factors
Galaxy Entertainment Group (0027) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$138.85B
Dividend Yield3.06%
Average Volume (3M)12.72M
Price to Earnings (P/E)13.0
Beta (1Y)0.79
Revenue Growth9.63%
EPS Growth21.77%
CountryHK
Employees21,200
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)2.44
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$45.19Price Target Upside29.41% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)2.48
Revenue Forecast (FY)HK$52.95B
Galaxy Entertainment Group Business Overview & Revenue Model
Company Description
Galaxy Entertainment Group Limited operates as an investment holding company with diversified interests spanning Macau, Hong Kong, and Mainland China. Its core activities include the gaming and entertainment sector, where it manages various casino...
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:Aug 13, 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
Positive
34.92
Price Trends
31.20
Positive
33.40
Negative
36.19
Negative
Market Momentum
0.17
Negative
55.49
Neutral
76.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0027, the sentiment is Positive. The current price of 34.92 is above the 20-day moving average (MA) of 30.48, above the 50-day MA of 31.20, and below the 200-day MA of 36.19, indicating a neutral trend. The MACD of 0.17 indicates Negative momentum. The RSI at 55.49 is Neutral, neither overbought nor oversold. The STOCH value of 76.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$138.85B | 13.00 | 13.12% | 3.06% | 9.63% | 21.77% | |
63 Neutral | HK$39.03B | 7.66 | 194.66% | 5.73% | 10.97% | 10.35% | |
62 Neutral | HK$7.36B | 6.48 | 73.50% | ― | 12.09% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$28.43B | 17.19 | -11.87% | 5.92% | -1.98% | -49.13% | |
52 Neutral | HK$105.86B | 15.07 | 71.09% | 2.39% | 4.17% | -14.33% | |
43 Neutral | HK$10.72B | -24.96 | -3.22% | ― | -3.01% | -15200.00% |
* Consumer Cyclical Sector Average
HK:0027
Galaxy Entertainment Group
31.72
-3.86
-10.84%
HK:0880
SJM Holdings
1.51
-1.49
-49.67%
HK:0200
Melco International
3.24
-1.96
-37.69%
HK:2282
MGM China Holdings
10.27
-4.80
-31.86%
HK:1928
Sands China
13.08
-4.58
-25.92%
HK:1128
Wynn Macau
5.40
-0.77
-12.42%
Galaxy Entertainment Group Corporate Events
Galaxy Entertainment Names New Company Secretary as Governance Veteran Retires
Jun 30, 2026
Galaxy Entertainment Group has announced a leadership change in its corporate governance team, with long-serving company secretary and authorised representative Mr. Chong Wai Sang set to retire from both roles effective 1 July 2026. The board note...
Galaxy Entertainment Details Board and Committee Structure
May 13, 2026
Galaxy Entertainment Group Limited has announced the current composition of its board, detailing the mix of executive, non-executive and independent non-executive directors, led by chairman Francis Lui Yiu Tung. The disclosure also outlines member...
Galaxy Entertainment revamps board with new independent and non-executive directors
May 12, 2026
Galaxy Entertainment Group announced the retirement of independent non-executive directors Dr. William Yip Shue Lam and Michael Victor Mecca, who will step down from the board and its key committees in May 2026, with both affirming no disagreement...
Galaxy Entertainment Investors Back All AGM Resolutions, Maintain Board and Capital Flexibility
May 12, 2026
Galaxy Entertainment Group shareholders approved all resolutions at the 12 May 2026 annual general meeting, including the adoption of 2025 financial statements, a final dividend, and the re-election of key board members. Investors also backed the ...
Galaxy Entertainment posts steady Q1, doubles down on Macau expansion and live events
May 12, 2026
Galaxy Entertainment Group reported first-quarter 2026 net revenue of HK$12.4 billion, up 11% year-on-year but down 10% quarter-on-quarter, with adjusted EBITDA rising 8% year-on-year to HK$3.6 billion but easing sequentially due to luck factors, ...
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...
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.