Genting Singapore (G13) AI Stock Analysis

• Market Cap: $9.11B
• Dividend Yield: 5.3%
• Average Volume (3M): 34.56M
• Price to Earnings (P/E): 20.0
• Beta (1Y): 0.46
• Revenue Growth: -11.30%
• EPS Growth: -34.03%
• Country: SG
• Employees: 12,500
• Sector: Consumer Cyclical
• Sector Strength: 81
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): <0.01
• Shares Outstanding: 12,094,026,000
• 10 Day Avg. Volume: 37,675,439
• 30 Day Avg. Volume: 34,560,619
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.58
• Enterprise Value/Revenue: 1.98
• Enterprise Value/Gross Profit: 5.53
• Enterprise Value/Ebitda: 4.78
• 1Y Price Target: $0.90
• Price Target Upside: 18.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 72 Outperform
• Price Target: S$1.00 ▲(31.58% Upside)

The overall stock score of 71.5 reflects Genting Singapore's solid financial performance, particularly its strong revenue growth and financial stability. The stock's valuation is attractive due to a high dividend yield, making it appealing for income-focused investors. Technical indicators suggest a lack of strong momentum, which slightly tempers the score.

Positive Factors

Gaming Segment

Gaming segment lifted by stronger VIP volume, offsetting weaker mass market segment.

Mid-Long-Term Outlook

Analyst remains positive on Genting Singapore's mid-long-term outlook, bargain valuations and lush dividend yield (5.3%).

Negative Factors

Macroeconomic Uncertainties

Macroeconomic uncertainties may dampen the uplift expected from post-renovation launches at Resorts World Sentosa.

Renovation Impact

Growth was affected by downtime and extensive renovation works, resulting in softer profitability trends.

Tourism Industry Risks

Potential risks include a sluggish tourism industry and lower-than-expected win rates, which could affect visitor numbers and spending.

Genting Singapore Business Overview & Revenue Model

Company Description

Genting Singapore Limited engages in the development, management, and operation of integrated resort destinations in Asia. The company primarily owns Resorts World Sentosa, a destination resort, S.E.A. Aquarium, Adventure Cove Waterpark, Universal Studios Singapore Theme Park, hotels, MICE venues, restaurants, SPA, and specialty retail outlets. It also engages in the operation of casinos; and the provision of sales and marketing support services to leisure and hospitality related businesses, as well as investment activities. The company was incorporated in 1984 and is headquartered in Singapore. Genting Singapore Limited is a subsidiary of Genting Overseas Holdings Limited.

How the Company Makes Money

Genting Singapore generates revenue through multiple streams, primarily from its integrated resort operations at Resorts World Sentosa. The key revenue streams include gaming activities, which are centered around its casino operations, attracting both domestic and international visitors. Additionally, the company earns substantial income from non-gaming services such as hotel accommodations, theme park admissions, food and beverage sales, retail sales, and entertainment events. Partnerships and joint ventures with global entertainment brands and developers enhance its offerings and contribute to its earnings. The company's strategic location in Singapore, a global tourism hub, and its reputation for delivering high-quality experiences are significant factors in its revenue generation.

Genting Singapore Financial Statement Overview

Summary

Genting Singapore's financial performance reflects a stable and profitable business with strong revenue growth and solid margins. The balance sheet is robust, characterized by low leverage and a high equity ratio, underscoring financial stability. Despite a decline in cash flow metrics, the company has maintained positive cash generation, which bodes well for future investments and operational flexibility.

Income Statement

Genting Singapore demonstrated strong revenue growth, with a significant increase from 2022 to 2023 (40.2%) and moderate growth from 2023 to 2024 (4.7%). The gross profit margin in 2024 was healthy at 33.0%, but slightly lower than 2023's 36.5%. Net profit margins were stable around 23% in both 2023 and 2024. EBIT and EBITDA margins remained robust, supporting profitability despite a slight decrease in EBIT margin from 32.0% in 2023 to 28.7% in 2024.

Balance Sheet

The company maintained a strong equity position with an equity ratio of 89.9% in 2024, indicating low leverage. The debt-to-equity ratio was extremely low at 0.04, showcasing minimal debt usage. Return on Equity (ROE) was commendable at 7.0% in 2024, although it dropped slightly from 7.5% in 2023, reflecting steady profitability.

Cash Flow

Operating cash flow remained strong, but decreased by 10.3% from 2023 to 2024. Free cash flow showed a significant decline of 31.4% over the same period. However, the Free Cash Flow to Net Income ratio remained positive, indicating good cash generation relative to net earnings.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.53B	2.42B	1.73B	1.07B	1.06B
Gross Profit	836.10M	882.76M	601.85M	326.86M	231.86M
EBITDA	1.09B	1.14B	790.95M	499.40M	418.19M
Net Income	578.87M	611.58M	340.10M	183.34M	69.24M
Balance Sheet
Total Assets	9.23B	9.15B	8.80B	8.79B	8.79B
Cash, Cash Equivalents and Short-Term Investments	3.59B	3.67B	3.47B	3.34B	3.99B
Total Debt	3.43M	2.92M	5.54M	247.66M	266.77M
Total Liabilities	932.99M	954.62M	801.45M	896.79M	951.99M
Stockholders Equity	8.30B	8.19B	8.00B	7.90B	7.84B
Cash Flow
Free Cash Flow	430.03M	627.13M	619.65M	-567.05M	153.78M
Operating Cash Flow	859.69M	958.52M	806.68M	377.72M	246.51M
Investing Cash Flow	-401.09M	-389.42M	-186.77M	-921.00M	114.28M
Financing Cash Flow	-485.16M	-425.76M	-447.22M	-127.77M	-309.55M

Genting Singapore Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.76
• 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 SG:G13, the sentiment is Positive. The current price of 0.76 is above the 20-day moving average (MA) of 0.75, above the 50-day MA of 0.73, and above the 200-day MA of 0.73, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.28 is Neutral, neither overbought nor oversold. The STOCH value of 71.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:G13.

Genting Singapore Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
G13	72 Outperform	$9.11B	19.97	5.45%	5.30%	-11.30%	-34.03%
Sector *	61 Neutral	$17.75B	12.51	-5.49%	3.06%	1.43%	-14.10%
BYNEF	―	$401.56M	12.02	6.35%	654.61%	―	―
H12	―	S$237.08M	38.96	0.87%	―	―	―
H15	―	S$2.81B	69.46	1.87%	―	―	―
H18	55 Neutral	S$543.48M	59.50	-1.41%	2.08%	-2.09%	-302.48%
OU8	―	S$1.53B	4.90	27.95%	―	―	―

Genting Singapore Corporate Events

Genting Singapore Announces Key Executive Appointments

Genting Singapore Limited has announced key executive appointments to support its next phase of growth. Ms. Lee Shi Ruh, previously the Chief Financial Officer, has been promoted to President and Chief Operating Officer, while Ms. Ang Suat Ching will take over as Chief Financial Officer. These changes are aimed at enhancing strategic execution and financial management as the company seeks sustainable growth.

The most recent analyst rating on (SG:G13) stock is a Buy with a S$1.05 price target. To see the full list of analyst forecasts on Genting Singapore stock, see the SG:G13 Stock Forecast page.

Genting Singapore’s 40th AGM Highlights Shareholder Engagement and Transparency

Genting Singapore held its Fortieth Annual General Meeting at Resorts World Sentosa, where the Executive Chairman, Tan Sri Lim Kok Thay, presided over the meeting. The meeting involved the presentation of resolutions and the facilitation of an e-polling process for shareholders to vote. Shareholders were given the opportunity to submit questions in advance, and the company’s responses were made available prior to the meeting. The meeting underscored the company’s commitment to transparency and shareholder engagement, which may positively impact its stakeholder relations and reinforce its industry positioning.

The most recent analyst rating on (SG:G13) stock is a Hold with a S$0.85 price target. To see the full list of analyst forecasts on Genting Singapore stock, see the SG:G13 Stock Forecast page.

Genting Singapore Sees Revenue Growth Amid Mixed Sector Performance

Genting Singapore reported a revenue of $626.2 million and an Adjusted EBITDA of $235.8 million for the first quarter of 2025, showing a slight increase from the previous quarter. The gaming sector saw a boost from the Chinese New Year celebrations, while the non-gaming segment faced challenges due to a strong Singapore dollar and ongoing renovations at Resorts World Sentosa as part of the RWS 2.0 transformation project.

The most recent analyst rating on (SG:G13) stock is a Hold with a S$0.85 price target. To see the full list of analyst forecasts on Genting Singapore stock, see the SG:G13 Stock Forecast page.

Leadership Transition at Genting Singapore: CEO Tan Hee Teck to Retire

Genting Singapore Limited announced the retirement of Tan Hee Teck as Chief Executive Officer of both the company and its subsidiary, Resorts World Sentosa, effective May 2025. Tan Sri Lim Kok Thay will serve as acting CEO of the company, while Lee Shi Ruh will take over as CEO of Resorts World Sentosa. Mr. Tan, who has been with the company for over 20 years, played a pivotal role in establishing Resorts World Sentosa as a global tourism icon and will assist in a smooth leadership transition until his full retirement in November 2025.

The most recent analyst rating on (SG:G13) stock is a Hold with a S$0.85 price target. To see the full list of analyst forecasts on Genting Singapore stock, see the SG:G13 Stock Forecast page.