Genting Singapore (G13) AI Stock Analysis

• Market Cap: $8.51B
• Dividend Yield: 5.44%
• Average Volume (3M): 26.72M
• Price to Earnings (P/E): 14.7
• Beta (1Y): 0.49
• Revenue Growth: 4.65%
• EPS Growth: -5.33%
• Country: SG
• Employees: 12,500
• Sector: Consumer Cyclical
• Sector Strength: 66
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.01
• Shares Outstanding: 12,094,026,000
• 10 Day Avg. Volume: 35,285,996
• 30 Day Avg. Volume: 26,715,475
• PEG Ratio: 0.40
• Price to Book (P/B): 1.44
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $0.88
• Price Target Upside: 23.36% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 73 Outperform
• Price Target: S$1.00 ▲(40.85%Upside)

Genting Singapore's strong financial performance and attractive valuation are the primary drivers of its stock score. The robust equity position and high dividend yield enhance its appeal, although the technical analysis suggests cautious sentiment in the market.

Positive Factors

Business Diversification

Genting Singapore operates Resorts World Sentosa, one of Southeast Asia's largest integrated resorts, benefiting from stronger business diversification and a broader geographical reach.

New Attractions

New attractions like a revamped all-suite hotel and the Singapore Oceanarium are expected to enable Genting Singapore to accommodate larger footfall.

Valuation and Dividend

Genting Singapore offers bargain valuations and a lush dividend yield, suggesting potential capital upside.

Negative Factors

Earnings and Renovation Delays

Key risks include delays in current renovation plans, further softness in tourist arrivals, and persistent challenges in the hospitality industry.

Earnings Performance

Genting Singapore's 1Q25 results were below expectations, with earnings significantly declining year-over-year.

Tourism and Consumer Sentiment

Tourism spending and foreign visitations are slowing down, impacting Genting Singapore's operations negatively.

Genting Singapore Business Overview & Revenue Model

Company Description

Genting Singapore (G13) is a leading integrated resort developer and operator based in Singapore. The company is primarily known for its flagship project, Resorts World Sentosa, which is one of the largest and most successful integrated resorts in Asia. The resort features a wide range of attractions, including a casino, Universal Studios Singapore theme park, luxury hotels, a convention center, and various dining and retail outlets. Genting Singapore operates within the hospitality, gaming, and entertainment sectors, providing world-class leisure experiences to visitors from around the globe.

How the Company Makes Money

Genting Singapore generates revenue through multiple key streams. The primary source of income is its casino operations, which attract both local and international visitors seeking gaming entertainment. In addition to gaming, the company earns significant revenue from its hospitality services, with luxury hotels catering to tourists and business travelers. The theme park, Universal Studios Singapore, along with various other attractions within Resorts World Sentosa, also contribute to the company's earnings through ticket sales and related spending on food, beverages, and merchandise. Genting Singapore further benefits from hosting events and conventions at its MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities, attracting corporate clients from around the world. Strategic partnerships and collaborations with global entertainment and hospitality brands enhance its service offerings and drive additional revenue.

Genting Singapore Financial Statement Overview

Summary

Genting Singapore displayed strong revenue growth and maintained solid profitability margins. The balance sheet is robust with a high equity ratio and minimal debt, highlighting financial stability. Despite a decline in cash flow metrics, the company continues to generate positive cash flow, supporting future investments.

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
2.69B	2.53B	2.42B	1.73B	1.07B	1.06B
	Gross Profit
963.73M	836.10M	882.76M	601.85M	326.86M	231.86M
	EBIT
874.10M	727.22M	773.96M	456.36M	227.82M	115.78M
	EBITDA
1.12B	1.09B	1.14B	790.95M	499.40M	418.19M
	Net Income Common Stockholders
691.82M	578.87M	611.58M	340.10M	183.34M	69.24M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.34B	3.59B	3.67B	3.47B	3.34B	3.99B
	Total Assets
8.79B	9.23B	9.15B	8.80B	8.79B	8.79B
	Total Debt
247.66M	3.43M	2.92M	5.54M	247.66M	266.77M
	Net Debt
-3.08B	-3.58B	-3.60B	-3.46B	-3.08B	-3.73B
	Total Liabilities
896.79M	932.99M	954.62M	801.45M	896.79M	951.99M
	Stockholders Equity
7.90B	8.30B	8.19B	8.00B	7.90B	7.84B
Cash Flow		Free Cash Flow
672.49M	430.03M	627.13M	619.65M	-567.05M	153.78M
	Operating Cash Flow
1.01B	859.69M	958.52M	806.68M	377.72M	246.51M
	Investing Cash Flow
-366.99M	-401.09M	-389.42M	-186.77M	-921.00M	114.28M
	Financing Cash Flow
-425.27M	-485.16M	-425.76M	-447.22M	-127.77M	-309.55M

Genting Singapore Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.71
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:G13, the sentiment is Neutral. The current price of 0.71 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.71, and below the 200-day MA of 0.75, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.19 is Neutral, neither overbought nor oversold. The STOCH value of 94.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:G13.

Genting Singapore Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
B58	81 Outperform	$329.35M	7.84	5.91%	4.07%	16.08%	32.51%
G13	73 Outperform	$8.51B	14.69	7.03%	5.44%	4.65%	-5.33%
Sector *	63 Neutral	$6.96B	11.51	2.80%	3.85%	2.70%	-24.43%
H18	50 Neutral	S$510.20M	59.50	-1.08%	2.16%	-5.87%	-217.39%

Genting Singapore Corporate Events

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.

Genting Singapore Announces Board Committee Reshuffle

Genting Singapore Limited has announced changes to its Board Committees effective from April 14, 2025. Ms. Chan Swee Liang Carolina has retired, leading to a reshuffle where Mr. Tan Wah Yeow is appointed as the Lead Independent Director and Chairman of the Nominating Committee, while Ms. Wong Chien Chien joins as a member of multiple committees. These changes are expected to impact the company’s governance structure, potentially influencing its strategic direction and stakeholder confidence.