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NagaCorp Ltd. (HK:3918)
:3918
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NagaCorp (3918) AI Stock Analysis

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HK

NagaCorp

(OTC:3918)

Rating:66Neutral
Price Target:
HK$4.50
▲(5.39%Upside)
NagaCorp's bullish market momentum and stable financial position drive its score. However, liquidity concerns and fair valuation moderate the overall attractiveness of the stock.

NagaCorp (3918) vs. iShares MSCI Hong Kong ETF (EWH)

NagaCorp Business Overview & Revenue Model

Company DescriptionNagaCorp Ltd., an investment holding company, manages and operates a hotel and casino complex in the Kingdom of Cambodia. The company operates in two segments, Casino Operations, and Hotel and Entertainment Operations. It owns, manages, and operates NagaWorld, an integrated hotel and entertainment complex that consists of 5,000 hotel rooms, 1,300 gaming tables, and 4,500 electronic gaming machines, as well as public and premium gaming halls, an all-suite luxury spa, shopping gallery, food and beverage outlets, entertainment services, and meeting spaces, as well as hotel convention spaces for accommodation of approximately 1,000 delegates. The company also engages in the provision of management consulting; management of aircraft; transportation support activities; travel agency services; marketing, sales, consultancy, and services related to travelling, hotels, and resorts; provision of employment placement agency services; and asset holding activities. In addition, it is involved in property development and investment activities; operation of retail business; and operation of football club. NagaCorp Ltd. was founded in 1995 and is based in Phnom Penh, the Kingdom of Cambodia.
How the Company Makes MoneyNagaCorp generates revenue primarily through its integrated resort operations, with significant earnings from its casino gaming activities. The company's key revenue streams include gaming operations, which encompass mass market table games, electronic gaming machines, and VIP gaming. Non-gaming revenue is derived from hotel accommodations, food and beverage services, entertainment events, and retail operations within its resort complex. The company benefits from its strategic location in Phnom Penh, attracting tourists and business travelers, and it leverages its license to operate the only integrated casino resort in the city. NagaCorp also capitalizes on partnerships with junket operators to bring in high-rolling VIP customers, contributing a substantial portion to its gaming revenue.

NagaCorp Financial Statement Overview

Summary
NagaCorp shows moderate revenue growth and a solid equity position, yet faces operational challenges and lacks crucial cash flow data, raising liquidity concerns.
Income Statement
65
Positive
NagaCorp shows a moderate recovery trend in revenue and net income since 2021, with a noticeable revenue growth of 5.26% in 2024. However, gross and net profit margins have remained relatively stable around 86% and 20% respectively. The EBIT and EBITDA margins have decreased, indicating some operational challenges.
Balance Sheet
70
Positive
The company maintains a solid equity position with a high equity ratio of approximately 87.6% in 2024, suggesting financial stability. The debt-to-equity ratio has improved to 0.06, showing reduced leverage. Return on equity is moderate at 5.08%, reflecting steady profitability.
Cash Flow
40
Negative
Cash flow analysis shows weaknesses due to unreported operating, investing, and financing cash flows for 2024. The company had a strong free cash flow in 2023, but the lack of cash flow data for 2024 raises concerns about liquidity management.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue528.36M501.98M435.56M213.62M878.68M
Gross Profit456.69M421.64M375.97M143.53M427.00M
EBITDA202.85M295.34M245.42M15.57M265.23M
Net Income109.59M177.73M107.25M-147.02M102.30M
Balance Sheet
Total Assets2.46B2.75B2.59B2.43B2.55B
Cash, Cash Equivalents and Short-Term Investments129.42M368.89M156.00M102.72M437.74M
Total Debt121.93M525.37M533.67M613.90M699.53M
Total Liabilities304.46M726.21M740.33M777.62M892.86M
Stockholders Equity2.16B2.02B1.85B1.65B1.66B
Cash Flow
Free Cash Flow190.68M234.25M178.33M-114.30M51.29M
Operating Cash Flow306.62M289.12M306.54M35.95M213.12M
Investing Cash Flow-85.79M-42.91M-124.43M-145.24M-118.70M
Financing Cash Flow-448.82M-53.83M-128.83M-225.73M69.95M

NagaCorp Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.27
Price Trends
50DMA
3.74
Positive
100DMA
3.52
Positive
200DMA
3.32
Positive
Market Momentum
MACD
0.20
Negative
RSI
63.41
Neutral
STOCH
77.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3918, the sentiment is Positive. The current price of 4.27 is above the 20-day moving average (MA) of 3.87, above the 50-day MA of 3.74, and above the 200-day MA of 3.32, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 63.41 is Neutral, neither overbought nor oversold. The STOCH value of 77.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3918.

NagaCorp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
66
Neutral
$19.99B22.545.24%5.15%-38.63%
64
Neutral
£1.69B10.206.12%3.31%0.55%-32.84%
$2.79B3,840.000.03%
$7.60B12.37
3.36%
$21.31B17.1411.92%2.92%
$19.71B18.82203.51%10.29%
$4.33B10.32
5.88%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3918
NagaCorp
4.27
0.20
4.91%
SJMHF
SJM Holdings
0.38
0.07
22.58%
MCHVF
MGM China Holdings
1.92
0.57
42.22%
GXYEF
Galaxy Entertainment Group
4.40
0.20
4.76%
SCHYF
Sands China
2.43
0.40
19.70%
WYNMF
Wynn Macau
0.86
0.12
16.22%

NagaCorp Corporate Events

NagaCorp Ltd. Announces Board Composition and Roles
Jul 1, 2025

NagaCorp Ltd. has announced the composition of its board of directors and their roles, highlighting the leadership structure within the company. The board consists of executive, non-executive, and independent non-executive directors, with specific members assigned to various board committees such as audit, remuneration, nomination, and AML oversight. This announcement provides clarity on the governance framework and decision-making processes, potentially impacting the company’s strategic direction and stakeholder confidence.

The most recent analyst rating on (HK:3918) stock is a Hold with a HK$3.83 price target. To see the full list of analyst forecasts on NagaCorp stock, see the HK:3918 Stock Forecast page.

NagaCorp Ltd. Successfully Passes All Resolutions at 2025 AGM
Jun 30, 2025

NagaCorp Ltd. announced that all proposed resolutions at its 2025 Annual General Meeting were passed by poll. The resolutions included the adoption of financial statements, re-election of directors, and authorization for the board to manage directors’ remuneration and share transactions. The successful passing of these resolutions indicates strong shareholder support and positions the company for continued operational stability and strategic flexibility in the gaming and entertainment sector.

The most recent analyst rating on (HK:3918) stock is a Sell with a HK$2.95 price target. To see the full list of analyst forecasts on NagaCorp stock, see the HK:3918 Stock Forecast page.

NagaCorp Announces Change in Nomination Committee Composition
Jun 27, 2025

NagaCorp Ltd. has announced a change in the composition of its Nomination Committee, with Ms. Lam Yi Lin, a current non-executive director, being appointed as a member effective from June 27, 2025. This appointment may influence the company’s governance structure and potentially impact its strategic direction, reflecting a commitment to strengthening its board oversight.

The most recent analyst rating on (HK:3918) stock is a Hold with a HK$3.83 price target. To see the full list of analyst forecasts on NagaCorp stock, see the HK:3918 Stock Forecast page.

NagaCorp Announces Board Composition and Roles
Jun 27, 2025

NagaCorp Ltd. has announced the composition of its board of directors and their respective roles within the company. The board includes executive, non-executive, and independent non-executive directors, with specific members assigned to various board committees such as the Audit, Remuneration, Nomination, and AML Oversight Committees. This announcement clarifies the governance structure of NagaCorp, which is crucial for stakeholders to understand the leadership and oversight mechanisms in place, potentially impacting investor confidence and corporate transparency.

The most recent analyst rating on (HK:3918) stock is a Hold with a HK$3.83 price target. To see the full list of analyst forecasts on NagaCorp stock, see the HK:3918 Stock Forecast page.

NagaCorp Enhances Governance with New Nomination Committee
Jun 27, 2025

NagaCorp Ltd. has established a Nomination Committee to ensure a fair and transparent process for appointing and re-appointing directors to its Board. The committee, comprising at least three members with a focus on diversity and independence, is tasked with maintaining a balance of skills and perspectives appropriate to the company’s business needs. This move is expected to enhance the governance structure of NagaCorp, potentially impacting its operational efficiency and stakeholder confidence.

The most recent analyst rating on (HK:3918) stock is a Hold with a HK$3.83 price target. To see the full list of analyst forecasts on NagaCorp stock, see the HK:3918 Stock Forecast page.

NagaCorp Announces Leadership Transition with New Chairman Appointment
May 22, 2025

NagaCorp Ltd. announced the retirement of Mr. Timothy Patrick McNally from his roles as non-executive director, chairman of the Board, and chairman and member of the AML Oversight Committee, effective 30 June 2025. Mr. Philip Lee Wai Tuck, currently an executive director and executive deputy chairman, will succeed him in these roles starting 1 July 2025. The company expressed gratitude for Mr. McNally’s contributions and congratulated Mr. Lee on his new positions.

The most recent analyst rating on (HK:3918) stock is a Hold with a HK$3.83 price target. To see the full list of analyst forecasts on NagaCorp stock, see the HK:3918 Stock Forecast page.

NagaCorp Announces Upcoming Annual General Meeting with Key Resolutions
Apr 28, 2025

NagaCorp Ltd. has announced its upcoming annual general meeting scheduled for June 30, 2025, in Hong Kong. The meeting will address several key agenda items including the adoption of financial statements, re-election of directors, and authorization of board actions. The resolutions to be discussed include the re-appointment of BDO Limited as the independent auditor and the authorization for the board to manage share allotments and director remuneration. These decisions are poised to impact the company’s governance and operational strategies, potentially influencing its market position and stakeholder interests.

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.Date of analysis: Jul 09, 2025