Genting Singapore (G13) AI Stock Analysis

• Market Cap: $8.87B
• Dividend Yield: 5.44%
• Average Volume (3M): 47.58M
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.47
• Revenue Growth: -11.30%
• EPS Growth: -34.03%
• Country: SG
• Employees: 12,500
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): <0.01
• Shares Outstanding: 12,094,026,000
• 10 Day Avg. Volume: 52,535,119
• 30 Day Avg. Volume: 47,580,264
• PEG Ratio: -2.79
• Price to Book (P/B): 1.11
• Price to Sales (P/S): 3.65
• P/FCF Ratio: 21.48
• Enterprise Value/Market Cap: 0.60
• Enterprise Value/Revenue: 2.23
• Enterprise Value/Gross Profit: 7.02
• Enterprise Value/Ebitda: 6.77
• 1Y Price Target: $0.88
• Price Target Upside: 19.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 71 Outperform
• Price Target: S$1.00 ▲(35.14% Upside)

Genting Singapore's overall score is driven by its strong financial performance, particularly its operational efficiency and solid balance sheet. However, the decline in revenue and free cash flow growth presents challenges. The technical indicators suggest a neutral market position, and the valuation is fair with a strong dividend yield.

Positive Factors

Operational Efficiency

Strong operational efficiency and low leverage indicate effective management and financial stability, supporting long-term sustainability.

Leadership Changes

The appointment of a new COO with extensive industry experience is expected to enhance operational performance and strategic execution.

Strategic Leadership Renewal

Leadership changes are aimed at enhancing strategic execution and financial management, positioning the company for sustainable growth.

Negative Factors

Revenue Decline

Declining revenue growth indicates challenges in maintaining market share and could impact future profitability and expansion efforts.

Free Cash Flow Decline

Reduced free cash flow growth limits the company's ability to invest in new projects and return capital to shareholders, affecting long-term growth.

Profit Margin Pressure

Decreasing profit margins suggest rising costs or pricing pressures, which could erode profitability if not managed effectively.

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 key streams primarily centered around its gaming and hospitality operations. The major revenue source comes from its casino facilities, where a significant portion of earnings is derived from table games and slot machines. Additionally, the company earns income from hotel accommodations, food and beverage services, and attractions within its integrated resort. The high visitor traffic at Resorts World Sentosa, which includes universal studios and other entertainment options, further boosts revenue. Genting Singapore also benefits from strategic partnerships and collaborations, enhancing its offerings and drawing more tourists. Factors such as tourism trends, regulatory changes, and economic conditions in Singapore significantly influence the company's financial performance.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.39B	2.53B	2.42B	1.73B	1.07B	1.06B
Gross Profit	758.76M	836.10M	882.76M	601.85M	326.86M	231.86M
EBITDA	787.21M	1.09B	1.14B	790.95M	499.40M	418.19M
Net Income	456.67M	578.87M	611.58M	340.10M	183.34M	69.24M
Balance Sheet
Total Assets	9.20B	9.23B	9.15B	8.80B	8.79B	8.79B
Cash, Cash Equivalents and Short-Term Investments	3.32B	3.59B	3.67B	3.47B	3.34B	3.99B
Total Debt	3.57M	3.43M	2.92M	5.54M	247.66M	266.77M
Total Liabilities	914.13M	932.99M	954.62M	801.45M	896.79M	951.99M
Stockholders Equity	8.29B	8.30B	8.19B	8.00B	7.90B	7.84B
Cash Flow
Free Cash Flow	237.21M	430.03M	627.13M	619.65M	-567.05M	153.78M
Operating Cash Flow	789.69M	859.69M	958.52M	806.68M	377.72M	246.51M
Investing Cash Flow	-641.12M	-401.09M	-389.42M	-186.77M	-921.00M	114.28M
Financing Cash Flow	-485.29M	-485.16M	-425.76M	-447.22M	-127.77M	-309.55M

Genting Singapore Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.74
• 50DMA: Negative
• 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 0.74 is above the 20-day moving average (MA) of 0.73, above the 50-day MA of 0.74, and above the 200-day MA of 0.71, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.89 is Neutral, neither overbought nor oversold. The STOCH value of 60.48 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
B58	―	$572.02M	12.74	6.35%	2.00%	11.83%	21.60%
G13	―	$8.87B	19.44	5.45%	5.44%	-11.30%	-34.03%
Sector *	―	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
H18	―	S$513.90M	―	-1.41%	2.14%	-2.09%	-302.48%

Genting Singapore Corporate Events

Resorts World Sentosa Appoints New COO Amid Transformation Efforts

Resorts World Sentosa has appointed Mr. Si Chen as the new Chief Operating Officer, effective December 1, 2025. This move is part of the resort’s strategic leadership renewal under its RWS 2.0 transformation plan, aiming to enhance operational performance and guest experience. Mr. Si brings extensive experience from the gaming and hospitality industry, which is expected to bolster RWS’s position as a leading tourism destination in Asia.

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.