NagaCorp (3918) AI Stock Analysis

• Market Cap: $17.12B
• Dividend Yield: N/A
• Average Volume (3M): 2.65M
• Price to Earnings (P/E): 20.1
• Beta (1Y): 0.99
• Revenue Growth: 5.15%
• EPS Growth: -38.63%
• Country: HK
• Employees: 6,062
• Sector: Consumer Cyclical
• Sector Strength: 66
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.19
• Shares Outstanding: 4,422,990,000
• 10 Day Avg. Volume: 3,477,735
• 30 Day Avg. Volume: 2,654,219
• PEG Ratio: -0.21
• Price to Book (P/B): 2.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 21.64
• Enterprise Value/Market Cap: 0.25
• Enterprise Value/Revenue: 2.10
• Enterprise Value/Gross Profit: 9.28
• Enterprise Value/Ebitda: 4.09
• 1Y Price Target: $2.72
• Price Target Upside: -29.71% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 58 Neutral
• Price Target: ―

NagaCorp's stock score reflects a stable yet cautious outlook. Income growth and a strong balance sheet are positive, but operational challenges and missing cash flow data require attention. Technical analysis and valuation indicate a neutral market position with no strong buy or sell signals.

NagaCorp Business Overview & Revenue Model

Company Description

NagaCorp 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 Money

NagaCorp 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 presents a mixed financial position. While there is income growth and improved balance sheet leverage, operational challenges and missing cash flow data highlight concerns. Stability is noted, but cash flow management requires attention.

Income Statement

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

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

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.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
528.36M	501.98M	435.56M	213.62M	878.68M
	Gross Profit
456.69M	421.64M	375.97M	143.53M	427.00M
	EBIT
110.86M	198.68M	131.72M	-103.61M	165.36M
	EBITDA
202.85M	295.34M	245.42M	15.57M	265.23M
	Net Income Common Stockholders
109.59M	177.73M	107.25M	-147.02M	102.30M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
129.42M	368.89M	156.00M	102.72M	437.74M
	Total Assets
2.46B	2.75B	2.59B	2.43B	2.55B
	Total Debt
121.93M	525.37M	533.67M	613.90M	699.53M
	Net Debt
1.54M	176.99M	377.67M	511.17M	261.79M
	Total Liabilities
304.46M	726.21M	740.33M	777.62M	892.86M
	Stockholders Equity
2.16B	2.02B	1.85B	1.65B	1.66B
Cash Flow		Free Cash Flow
0.00	234.25M	178.33M	-114.30M	51.29M
	Operating Cash Flow
0.00	289.12M	306.54M	35.95M	213.12M
	Investing Cash Flow
0.00	-42.91M	-124.43M	-145.24M	-118.70M
	Financing Cash Flow
0.00	-53.83M	-128.83M	-225.73M	69.95M

NagaCorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.87
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 3.87 is above the 20-day moving average (MA) of 3.66, above the 50-day MA of 3.41, and above the 200-day MA of 3.24, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 62.72 is Neutral, neither overbought nor oversold. The STOCH value of 73.66 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$6.96B	11.51	2.80%	3.85%	2.70%	-24.43%
3918	58 Neutral	$17.12B	20.05	5.24%	―	5.15%	-38.63%
SJMHF		$2.31B	3,040.00	0.03%	―	―	―
MCHVF		$5.23B	8.73		2.38%	―	―
GXYEF		$18.44B	15.00	11.92%	3.33%	―	―
SCHYF		$15.94B	14.33	203.51%	1.74%	―	―
WYNMF		$3.52B	7.90		5.38%	―	―

NagaCorp Corporate Events

NagaCorp Announces Upcoming Annual General Meeting with Key Resolutions

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.

NagaCorp Reports Strong Q1 2025 Gaming Revenue Growth

NagaCorp Ltd. announced its unaudited operational highlights for the first quarter of 2025, revealing significant growth in its gaming sector. The company reported a 17.7% increase in Gross Gaming Revenue and a 20.6% rise in Net Gaming Revenue compared to the same period in 2024, with notable growth in both the mass market and VIP gaming segments. This performance underscores NagaCorp’s strong market position and potential positive implications for stakeholders.

NagaCorp Reports Revenue Growth Amidst Profit Decline Due to Impairment Loss

NagaCorp Ltd. reported a 5.5% increase in Gross Gaming Revenue (GGR) for the year ended December 31, 2024, reaching US$542.9 million. Despite this growth, the company’s net profit decreased by 38.3% to US$109.6 million, primarily due to a non-cash impairment loss related to the Vladivostok Project. The mass market segment, particularly the Mass Market Tables, significantly contributed to the company’s performance, driven by strategic initiatives and operational improvements, including the introduction of a high-limit gaming area at NagaWorld. This segment accounted for 70.2% of total revenue, highlighting its importance in NagaCorp’s financial performance.

NagaCorp Schedules Board Meeting to Approve 2024 Financial Results

NagaCorp Ltd. has announced a board meeting scheduled for March 25, 2025, to approve the company’s final results for the year ended December 31, 2024, and consider the recommendation of a final dividend. This meeting is significant as it will determine the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.